Stock market

cincybearcat

gimmesometruth27 said:

cincybearcat said:

I'm pretty nervous about all of this.  Not that much for my 401k, etc as I have plenty of time for a rebound.  But there are a lot of people who don't.  This plus gas prices plus inflation....all hitting everyone in various manners.  This is a death blow to the mid-terms and the next presidential election if it doesn't get under control.  And if that happens, we are going to have a very socially conservative leader and congress.....scary.  

have there been any other countries that have handled this better than we have? last i checked inflation is much worse in the EU countries. maybe we should model after countries that have done a better job. i am not sure if any have though. has anybody heard of a better way? because i am all ears.

So do you think come election time this is the narrative? I don’t think so. And that’s my concern. 

Let me ask you, how are you willing to give Biden on these issues, gas aside? When does it start to be a concern for you? 

Halifax2TheMax

Does anyone on here have any idea on what Biden can do about any of your concerns? Stock market? Inflation? Gas prices? War in Ukraine? Covid? Unpresidented times but it’d be helpful if maybe you could make some recommendations. Or better yet, the other major political party did so with actual policy proposals. Crickets.

When is it a concern? Now. What am I doing? Tightening my belt. Driving less. Not carrying credit card debt. Cutting back on eating out and travel. Fuck, I remember my parents not being able to afford coffee and OJ and instant coffee and tang was like toilet paper during Covid. Gas went from $.35 a gallon to $1.00. Inflation ran 16% and interest rates went to 13%. Or vice versa. What happened? Carter was one term and Ronny Rayguns and a dem controlled Congress gutted social spending, increased the military and exploded the deficit. Took 6 years to get out of it and what we were left with was tax cuts for the wealthy and ketchup as a vegetable in school lunch programs. “Government is the problem.”

Ask Elon and Bezos to bail us out. Because the repubs have no solutions.

Halifax2TheMax

Speaking of the stock market, I highly recommend Diamond Hands, a documentary on MSNBC about the game stop ride. Done by a guy who did a documentary on the female boxer from Flint, MI, called T-Rex. Also did California is a Place. Google is your friend. And all three are excellent.

Halifax2TheMax

Add weather to the list of things Biden has to fix.

Climate change

Unpredictable weather events, such as droughts that damage crops and storms that upend trade routes, are increasingly seen as a key factor in the rising cost of living.

In India, the government has responded to a record-setting heat wave that put a strain on millions with a ban on wheat exports. The country, which accounts for nearly a third of the world’s wheat supply, had previously pledged to help “feed the world” amid the ongoing food crisis, Prime Minister Narendra Modi said earlier this month.

But after temperatures unexpectedly soared in a heat wave that scientists said was made worse by the changing global climate, those exports were blocked.

India is just the latest country hit by extreme weather that destroyed crops: Brazil, another major food exporter, suffered through drought last year that hit its agricultural industry. The country’s inflation reached over 12 percent in April. And it’s not just food prices that are affected. Lumber is more expensive after floods and fires in British Columbia, leading to knock-on effects in housing and construction.

And at the same time, efforts to transition to a green economy are putting more pressure on prices for commodities such as lithium used for batteries and copper for wiring and computer chips.

Many experts say that this “greenflation” should be temporary and that a green economy ultimately will be less vulnerable to energy shocks, but the short-term expense of the moves could derail the move toward that economy.

nicknyr15

Halifax2TheMax said:

Does anyone on here have any idea on what Biden can do about any of your concerns? Stock market? Inflation? Gas prices? War in Ukraine? Covid? Unpresidented times but it’d be helpful if maybe you could make some recommendations. Or better yet, the other major political party did so with actual policy proposals. Crickets.

When is it a concern? Now. What am I doing? Tightening my belt. Driving less. Not carrying credit card debt. Cutting back on eating out and travel. Fuck, I remember my parents not being able to afford coffee and OJ and instant coffee and tang was like toilet paper during Covid. Gas went from $.35 a gallon to $1.00. Inflation ran 16% and interest rates went to 13%. Or vice versa. What happened? Carter was one term and Ronny Rayguns and a dem controlled Congress gutted social spending, increased the military and exploded the deficit. Took 6 years to get out of it and what we were left with was tax cuts for the wealthy and ketchup as a vegetable in school lunch programs. “Government is the problem.”

Ask Elon and Bezos to bail us out. Because the repubs have no solutions.

Lol. I’m sure this would be your attitude and response if Biden had lost. “I don’t know? Do the other guys have a solution? Do you , an average citizen have a plan?  No? Ok. Then get over it”. 

Halifax2TheMax

nicknyr15 said:

Halifax2TheMax said:

Does anyone on here have any idea on what Biden can do about any of your concerns? Stock market? Inflation? Gas prices? War in Ukraine? Covid? Unpresidented times but it’d be helpful if maybe you could make some recommendations. Or better yet, the other major political party did so with actual policy proposals. Crickets.

When is it a concern? Now. What am I doing? Tightening my belt. Driving less. Not carrying credit card debt. Cutting back on eating out and travel. Fuck, I remember my parents not being able to afford coffee and OJ and instant coffee and tang was like toilet paper during Covid. Gas went from $.35 a gallon to $1.00. Inflation ran 16% and interest rates went to 13%. Or vice versa. What happened? Carter was one term and Ronny Rayguns and a dem controlled Congress gutted social spending, increased the military and exploded the deficit. Took 6 years to get out of it and what we were left with was tax cuts for the wealthy and ketchup as a vegetable in school lunch programs. “Government is the problem.”

Ask Elon and Bezos to bail us out. Because the repubs have no solutions.

Lol. I’m sure this would be your attitude and response if Biden had lost. “I don’t know? Do the other guys have a solution? Do you , an average citizen have a plan?  No? Ok. Then get over it”. 

I haven’t heard anyone with a plan. It’s unpresidented times. The repubs have been checked out of “plans” since 2010, I’m still waiting for that better, cheaper, more beautiful healthcare plan than Obamacare and what might you suggest Biden do regarding any of Cincy’s concerns. Take over oil exploration and refining? Seize industry? Control the weather? Tell Putin on the ritz he can have Ukraine? Invade Saudi? Stop trading on the exchanges?
Go door to door vaccinating the refuse to be vaccinated? Work in China? Tell India to export their wheat or just take it from them?


LOL indeed. Deal with it is correct because what is the alternative? Do you even know what actions the Biden Administration has taken to address any of Cincy’s concerns? LOL.

Halifax2TheMax

Remember those container ship offloading backups at US ports? Sure you do.

https://www.usatoday.com/story/news/factcheck/2021/10/29/fact-check-image-shows-moving-ships-around-california-not-waiting/8569510002/

https://www.factcheck.org/2021/10/posts-spread-baseless-claims-about-cause-of-cargo-ship-backups/

I haven’t heard anything about the previous log jams and all the container ships sitting off shore to be unloaded. What happened? Ships stop coming to the US? Or did the Biden Administration do something to alleviate the issue? Or not?

Halifax2TheMax

nicknyr15 said:

Halifax2TheMax said:

Does anyone on here have any idea on what Biden can do about any of your concerns? Stock market? Inflation? Gas prices? War in Ukraine? Covid? Unpresidented times but it’d be helpful if maybe you could make some recommendations. Or better yet, the other major political party did so with actual policy proposals. Crickets.

When is it a concern? Now. What am I doing? Tightening my belt. Driving less. Not carrying credit card debt. Cutting back on eating out and travel. Fuck, I remember my parents not being able to afford coffee and OJ and instant coffee and tang was like toilet paper during Covid. Gas went from $.35 a gallon to $1.00. Inflation ran 16% and interest rates went to 13%. Or vice versa. What happened? Carter was one term and Ronny Rayguns and a dem controlled Congress gutted social spending, increased the military and exploded the deficit. Took 6 years to get out of it and what we were left with was tax cuts for the wealthy and ketchup as a vegetable in school lunch programs. “Government is the problem.”

Ask Elon and Bezos to bail us out. Because the repubs have no solutions.

Lol. I’m sure this would be your attitude and response if Biden had lost. “I don’t know? Do the other guys have a solution? Do you , an average citizen have a plan?  No? Ok. Then get over it”. 

If Biden had lost and POOTWH were in office, two things would be true: everything would be much worse and the Dems in Congress would be offering alternative policy proposals and suggestions and not be a party of white grievances.

2023 and 2025 will be brilliant brilliance in all its brilliancy. Good luck.

cincybearcat

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

Halifax2TheMax

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

Then seek out information from reputable news sources on both the challenges and Biden’s response and then compare it to what the repubs in Congress are doing or proposing. Some must think Biden is like Little Rocket Man and can do whatever he wants to fix things.

I think your frustrations are misplaced and misdirected. 

Halifax2TheMax

Here’s the repub response to everything, every challenge that faces Americans:

Tax cuts for the wealthy and corporations
Gutting of regulations and oversight 
small government 
More power to the states
Rugged individualism

So why is it only applicable when times are good? And I realize that they’re not your problems alone but a large portion of the American public is miss and/or ill informed as to the underlying causes and solutions.

300 people a day are still dying from Covid, vast majority among the unvaccinated despite a vaccine readily available. Blame Brandon.

China has locked down key manufacturing cities. Blame Brandon.

OPEC won’t increase oil production. Blame Brandon.

And the list goes on and on. Ridiculous.

mrussel1

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

There's truth and there is political reality.  The truth is that the president has little to do with economic conditions,  along with managing a recession.  Economics are cyclical and the Fed fundamentally owns and controls all the tools to manage the economy.  The political reality is that the voters,  right or wrong,  blame or give credit to the president. 

So Biden will be punished,  fair or not.  But I can tell you that it doesn't change my vote simply because this is correlation,  not causation. 

Cropduster-80

Ultimately it’s an expectation problem.

take Ukraine.  There is a war going on and the fact there are social costs should be obvious. Russia is going to do what Russia is going to do and we can either ignore it and watch it expand and get worse or intervene to help stop it. Either way it’s a war.  The fact that the biggest war since WWII is happening in Europe it’s madness to say bad things won’t happen to our economy. You should expect to pay a price, and be happy that price isn’t higher as WWII caused far worse sacrifices of the American public, but they were also willing to do it 

The bush tax cuts during the Iraq war to me was the turning point on this. It was the only time in history taxes were cut during a war.  The expectation was set, we can be in a conflict and not ask the public to sacrifice anything to fund that conflict. Having no skin in the game became basically official policy 

Covid, excessive growth coming off covid which in and of itself causes inflation and we are where we are 

it’s also important to remember tax cuts are inflationary and tax increases are deflationary.  The first thing republicans will do is cut taxes.  That doesn’t help.  

Jearlpam0925

mrussel1 said:

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

There's truth and there is political reality.  The truth is that the president has little to do with economic conditions,  along with managing a recession.  Economics are cyclical and the Fed fundamentally owns and controls all the tools to manage the economy.  The political reality is that the voters,  right or wrong,  blame or give credit to the president. 

So Biden will be punished,  fair or not.  But I can tell you that it doesn't change my vote simply because this is correlation,  not causation. 

This is the only answer, yes. At the end of the day things are fucked royally due to covid and it's going to be a looonnng time till it course corrects in the traditional sense. But, with that said, voters don't give a shit about that.

cincybearcat

mrussel1 said:

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

There's truth and there is political reality.  The truth is that the president has little to do with economic conditions,  along with managing a recession.  Economics are cyclical and the Fed fundamentally owns and controls all the tools to manage the economy.  The political reality is that the voters,  right or wrong,  blame or give credit to the president. 

So Biden will be punished,  fair or not.  But I can tell you that it doesn't change my vote simply because this is correlation,  not causation. 

It likely won’t change my vote either given who the GOP is likely to throw out there…but it seems like there are a bunch of people where it could
Change their vote…no? That was my initial point. So, since that is a reality…what can Biden do to put himself/party in the best position in the mid terms and then for re-election. 

I’ve seen nothing from anyone here. Most just say the GOP doesn’t have a plan, don’t care at this point cause gop doesn’t have the presidency. You’ve been consistent and I understand, but there have to be some levers to pull that could do something no? I’ve read a bunch but it really seems like most sources are biased one way or the other so tough to really know.

Cropduster-80

cincybearcat said:

mrussel1 said:

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

There's truth and there is political reality.  The truth is that the president has little to do with economic conditions,  along with managing a recession.  Economics are cyclical and the Fed fundamentally owns and controls all the tools to manage the economy.  The political reality is that the voters,  right or wrong,  blame or give credit to the president. 

So Biden will be punished,  fair or not.  But I can tell you that it doesn't change my vote simply because this is correlation,  not causation. 

It likely won’t change my vote either given who the GOP is likely to throw out there…but it seems like there are a bunch of people where it could
Change their vote…no? That was my initial point. So, since that is a reality…what can Biden do to put himself/party in the best position in the mid terms and then for re-election. 

I’ve seen nothing from anyone here. Most just say the GOP doesn’t have a plan, don’t care at this point cause gop doesn’t have the presidency. You’ve been consistent and I understand, but there have to be some levers to pull that could do something no? I’ve read a bunch but it really seems like most sources are biased one way or the other so tough to really know.

They absolutely have to throw the breaks on the economy. That’s the lever and it’s going to be ugly and they have been moving way too slow. 

jobs will be lost, growth will stop, stocks will get hammered.  Inflation will go down

who wants to run on that? It’s a stimulus in reverse 

gimmesometruth27

cincybearcat said:

gimmesometruth27 said:

cincybearcat said:

I'm pretty nervous about all of this.  Not that much for my 401k, etc as I have plenty of time for a rebound.  But there are a lot of people who don't.  This plus gas prices plus inflation....all hitting everyone in various manners.  This is a death blow to the mid-terms and the next presidential election if it doesn't get under control.  And if that happens, we are going to have a very socially conservative leader and congress.....scary.  

have there been any other countries that have handled this better than we have? last i checked inflation is much worse in the EU countries. maybe we should model after countries that have done a better job. i am not sure if any have though. has anybody heard of a better way? because i am all ears.

So do you think come election time this is the narrative? I don’t think so. And that’s my concern. 

Let me ask you, how are you willing to give Biden on these issues, gas aside? When does it start to be a concern for you? 

i do not think it will be the narrative come election time. i think the narrative will be "look what we have accomplished in all these other areas. inflation is a global issue but we have handled and gotten through it better than most countries on the planet. you can either vote for us to continue to navigate through this difficult time, or you can vote for the gop that will only give tax breaks to millionaires, further erode women's rights, and do absolutely nothing for the common citizen. remember how it was under trump. do you really want to go back to that?"

biden does not have control over a lot of it. the gas issue is corporate greed and price gouging. how can anybody combat that? i am concerned with how things are going. but coming out of a pandemic there are going to be supply chain issues. everybody knew that. i do not think you can hold biden specifically responsible for that. that said, i am getting concerned because the gop, for all of their faults, will probably take back both chambers and impeach biden over the hunter laptop thing.

Jearlpam0925

cincybearcat said:

mrussel1 said:

cincybearcat said:

First of all, these are not my concern alone. If you think they are you haven’t been paying attention. It is the reality. It’s funny when the “buck stops here” and when it doesn’t for some.

And it was a real question to gimmie. Knowing he hates republicans, how long can this go on before someone like him is mad or worried? How long is the leash? Cause with big problems it does take time to see results. But Biden doesn’t have a lot of time. The pandemic also didn’t sneak up on him. He knew it….I’d be interested in what it seems like he thinks he can do to help. 

There's truth and there is political reality.  The truth is that the president has little to do with economic conditions,  along with managing a recession.  Economics are cyclical and the Fed fundamentally owns and controls all the tools to manage the economy.  The political reality is that the voters,  right or wrong,  blame or give credit to the president. 

So Biden will be punished,  fair or not.  But I can tell you that it doesn't change my vote simply because this is correlation,  not causation. 

It likely won’t change my vote either given who the GOP is likely to throw out there…but it seems like there are a bunch of people where it could
Change their vote…no? That was my initial point. So, since that is a reality…what can Biden do to put himself/party in the best position in the mid terms and then for re-election. 

I’ve seen nothing from anyone here. Most just say the GOP doesn’t have a plan, don’t care at this point cause gop doesn’t have the presidency. You’ve been consistent and I understand, but there have to be some levers to pull that could do something no? I’ve read a bunch but it really seems like most sources are biased one way or the other so tough to really know.

Absolutely- there was already an expectation that the Dems would get slaughtered in the midterms. Plus, people are insane and will vote to somehow have Rs lower gas prices for their obscene gigantic truck that costs $500 to fill. 

The only saving grace is that Roe is on the table and there are some very very extreme candidates on the ballot like in my state (PA).

static111

gimmesometruth27 said:

cincybearcat said:

gimmesometruth27 said:

cincybearcat said:

I'm pretty nervous about all of this.  Not that much for my 401k, etc as I have plenty of time for a rebound.  But there are a lot of people who don't.  This plus gas prices plus inflation....all hitting everyone in various manners.  This is a death blow to the mid-terms and the next presidential election if it doesn't get under control.  And if that happens, we are going to have a very socially conservative leader and congress.....scary.  

have there been any other countries that have handled this better than we have? last i checked inflation is much worse in the EU countries. maybe we should model after countries that have done a better job. i am not sure if any have though. has anybody heard of a better way? because i am all ears.

So do you think come election time this is the narrative? I don’t think so. And that’s my concern. 

Let me ask you, how are you willing to give Biden on these issues, gas aside? When does it start to be a concern for you? 

i do not think it will be the narrative come election time. i think the narrative will be "look what we have accomplished in all these other areas. inflation is a global issue but we have handled and gotten through it better than most countries on the planet. you can either vote for us to continue to navigate through this difficult time, or you can vote for the gop that will only give tax breaks to millionaires, further erode women's rights, and do absolutely nothing for the common citizen. remember how it was under trump. do you really want to go back to that?"

biden does not have control over a lot of it. the gas issue is corporate greed and price gouging. how can anybody combat that? i am concerned with how things are going. but coming out of a pandemic there are going to be supply chain issues. everybody knew that. i do not think you can hold biden specifically responsible for that. that said, i am getting concerned because the gop, for all of their faults, will probably take back both chambers and impeach biden over the hunter laptop thing.

In a lot of ways no.  But that reasoning will bring a lot of people around to remembering $100 grocery shops, $2.50 gallon of gas, etc.  Obviously these things are due to covid and global situations, but "remember how It was under trump" isn't a sure fire home run.  A lot of people will be harkening back to the pre Covid pre leftist marxist anti freedom lockdown days and will remember that compared to now things weren't that bad.

cincybearcat

US inflation seems worse…

https://www.statista.com/statistics/1034154/monthly-inflation-rates-developed-emerging-countries/