Capitalism, The Fed and Economic Policy

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  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    Halifax2TheMax said:
    And I wouldn’t pay any amount of money for a Dodge, never mind $35K cash ‘Murican.
    I had hopes... It won't be a good car at all...
  • mrussel1
    mrussel1 Posts: 30,879
    Halifax2TheMax said:
    Point being, the younger generations aren’t all that into car culture, given the costs to buy, maintain, own a car. They’ve invented the “shared economy”. It’s a different world.
    Yeah maybe.  Will be interesting to see how that shakes out when they turn 30, 35 get married, have a kid and move to the burbs.  Things change and we kind of turn into our parent. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    Halifax2TheMax said:
    Point being, the younger generations aren’t all that into car culture, given the costs to buy, maintain, own a car. They’ve invented the “shared economy”. It’s a different world.
    What youth, say 20's, can afford a 40k car?  Even living at home that has to be a tough nut to crack, no?
  • josevolution
    josevolution Posts: 31,574
    Pre owned is what I’d go for! My son just got a Subaru Outback 2012 model 38k miles for $12k out the lot! 
    jesus greets me looks just like me ....
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    tempo_n_groove said:
    Halifax2TheMax said:
    Point being, the younger generations aren’t all that into car culture, given the costs to buy, maintain, own a car. They’ve invented the “shared economy”. It’s a different world.
    What youth, say 20's, can afford a 40k car?  Even living at home that has to be a tough nut to crack, no?
    It’s less about affordability, though a factor, and more about “need.” With Uber, Lyft, Zip car, Home Depot and U-Haul and the ongoing cost of car ownership, the younger generation just doesn’t think they “need” a car, particularly if they choose to live in a place with decent public transportation. I’m one current car dying away from deciding whether to get another or go carless. And I love driving and can appreciate cars as beautiful machines.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    Yup, Brandonomics is working. But you know, the Russia, Russia, Russia hoax and Hunter had a laptop.

    Bottom line: Thursday’s inflation report is an indisputably positive development that could put some wind in the sails of a Democratic campaign — a powerful blow against the fictional Republican narrative about a US economy in the gutter. The White House can finally cross out “inflation” on its list of presidential liabilities. But as long as Biden’s age dominates the conversation, it’ll just be the econ nerds sipping Champagne alone.

    https://www.cnn.com/2024/07/12/business/inflation-cpi-biden-nightcap/index.html
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mickeyrat
    mickeyrat Posts: 44,367
    wsj post and linked article...



    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    Sure, go ahead and vote against your self interest an the things you claim to care about.

    The Dow hit a record high early, helped by some upbeat earnings results including from Goldman Sachs, which was up 1.6%.

    Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation and debt.

    https://stocks.apple.com/AE-BFIohoTaWJIS6IBAewEg

    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    Anybody paying attention to Wall Street and the stock market today?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    Dow up 742 points today. But you know, Brandon is decimating the economy, a lot of people are saying unemployment is really 15-20-25-30%, taxes through the roof, gas at $6-$7-$8 a gallon, interest rates as high as 12-13-18% and no relief in site, particularly with the supply chain issues and the backlogs of 20-30-40 days to get ships offloaded. A lot of people are saying.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • The Juggler
    The Juggler Posts: 49,594
    edited July 2024
    If Trump wins, he's gonna inherit an economy on the upswing based on none of his own doing....yet he'll claim all the credit in the world for it (just like last time).

    Rate cuts are looming on the horizon. 
    www.myspace.com
  • mickeyrat
    mickeyrat Posts: 44,367
    The Juggler said:
    If Trump wins, he's gonna inherit an economy on the upswing based on none of his own doing....yet he'll claim all the credit in the world for it (just like last time).

    Rate cuts are looming on the horizon. 
    doing it right now!!!!

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    Halifax2TheMax said:
    Dow up 742 points today. But you know, Brandon is decimating the economy, a lot of people are saying unemployment is really 15-20-25-30%, taxes through the roof, gas at $6-$7-$8 a gallon, interest rates as high as 12-13-18% and no relief in site, particularly with the supply chain issues and the backlogs of 20-30-40 days to get ships offloaded. A lot of people are saying.
    Are they using Californias gas prices?  Prices have gone up, that is definitely true.  If the economy keeps going like this then the fed will have to lower interest rates and that would help Biden a lot.

    They should be lowering them.  It's time and Powell needs to stop the lip service and do it.
  • The Juggler
    The Juggler Posts: 49,594
    edited July 2024
    tempo_n_groove said:
    Halifax2TheMax said:
    Dow up 742 points today. But you know, Brandon is decimating the economy, a lot of people are saying unemployment is really 15-20-25-30%, taxes through the roof, gas at $6-$7-$8 a gallon, interest rates as high as 12-13-18% and no relief in site, particularly with the supply chain issues and the backlogs of 20-30-40 days to get ships offloaded. A lot of people are saying.
    Are they using Californias gas prices?  Prices have gone up, that is definitely true.  If the economy keeps going like this then the fed will have to lower interest rates and that would help Biden a lot.

    They should be lowering them.  It's time and Powell needs to stop the lip service and do it.
    The reason they will likely cut rates is because inflation has slowed, not because prices are going up. Halifax was being facetious. 

    What do you mean about lip service? He's said it's market driven and wants to see inflation be tamed over a period of months. That's finally happening now.
    www.myspace.com
  • tempo_n_groove
    tempo_n_groove Posts: 41,359
    The Juggler said:
    tempo_n_groove said:
    Halifax2TheMax said:
    Dow up 742 points today. But you know, Brandon is decimating the economy, a lot of people are saying unemployment is really 15-20-25-30%, taxes through the roof, gas at $6-$7-$8 a gallon, interest rates as high as 12-13-18% and no relief in site, particularly with the supply chain issues and the backlogs of 20-30-40 days to get ships offloaded. A lot of people are saying.
    Are they using Californias gas prices?  Prices have gone up, that is definitely true.  If the economy keeps going like this then the fed will have to lower interest rates and that would help Biden a lot.

    They should be lowering them.  It's time and Powell needs to stop the lip service and do it.
    The reason they will likely cut rates is because inflation has slowed, not because prices are going up. Halifax was being facetious. 

    What do you mean about lip service? He's said it's market driven and wants to see inflation be tamed over a period of months. That's finally happening now.
    Yeah I know.  Prices have gone up is a statement.

    He says market driven.  I know I heard the interview which is why i call it lip service.  I don't think they will lower it anytime soon even though the economy/market is doing well.  
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    My point is that despite the shit storm of the issues with the economy due to the pandemic and POOTWH’s incompetence, Brandon’s administration did a fairly decent job of responding to all the myriad of challenges. Of course everyone wanted it fixed overnight but that’s not reality. Also, factor in the I95 bridge repair and clearing the collapsed bridge blocking the Port of Baltimore as feathers in Brandon’s cap.

    “Oh yea, those things happened. They did? I don’t recall that. Yea, me neither. Economy sucks.”

    Meanwhile, the Dow is up another 173 points. Give corporations tax cuts or give us death.


    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mrussel1
    mrussel1 Posts: 30,879
    Halifax2TheMax said:
    My point is that despite the shit storm of the issues with the economy due to the pandemic and POOTWH’s incompetence, Brandon’s administration did a fairly decent job of responding to all the myriad of challenges. Of course everyone wanted it fixed overnight but that’s not reality. Also, factor in the I95 bridge repair and clearing the collapsed bridge blocking the Port of Baltimore as feathers in Brandon’s cap.

    “Oh yea, those things happened. They did? I don’t recall that. Yea, me neither. Economy sucks.”

    Meanwhile, the Dow is up another 173 points. Give corporations tax cuts or give us death.


    I find it interesting and of course bullshit, that Trump is making promise to both Wall Street/Silicon and to Unions.  You can't keep them both happy.  Will they figure it out?  
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,104
    mrussel1 said:
    Halifax2TheMax said:
    My point is that despite the shit storm of the issues with the economy due to the pandemic and POOTWH’s incompetence, Brandon’s administration did a fairly decent job of responding to all the myriad of challenges. Of course everyone wanted it fixed overnight but that’s not reality. Also, factor in the I95 bridge repair and clearing the collapsed bridge blocking the Port of Baltimore as feathers in Brandon’s cap.

    “Oh yea, those things happened. They did? I don’t recall that. Yea, me neither. Economy sucks.”

    Meanwhile, the Dow is up another 173 points. Give corporations tax cuts or give us death.


    I find it interesting and of course bullshit, that Trump is making promise to both Wall Street/Silicon and to Unions.  You can't keep them both happy.  Will they figure it out?  
    C’mon, the rubes and marks figuring it out? We know which side and who is going to benefit the most. But I did hear that the FoxxCON plant is opening any day now.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • The Juggler
    The Juggler Posts: 49,594
    tempo_n_groove said:
    The Juggler said:
    tempo_n_groove said:
    Halifax2TheMax said:
    Dow up 742 points today. But you know, Brandon is decimating the economy, a lot of people are saying unemployment is really 15-20-25-30%, taxes through the roof, gas at $6-$7-$8 a gallon, interest rates as high as 12-13-18% and no relief in site, particularly with the supply chain issues and the backlogs of 20-30-40 days to get ships offloaded. A lot of people are saying.
    Are they using Californias gas prices?  Prices have gone up, that is definitely true.  If the economy keeps going like this then the fed will have to lower interest rates and that would help Biden a lot.

    They should be lowering them.  It's time and Powell needs to stop the lip service and do it.
    The reason they will likely cut rates is because inflation has slowed, not because prices are going up. Halifax was being facetious. 

    What do you mean about lip service? He's said it's market driven and wants to see inflation be tamed over a period of months. That's finally happening now.
    Yeah I know.  Prices have gone up is a statement.

    He says market driven.  I know I heard the interview which is why i call it lip service.  I don't think they will lower it anytime soon even though the economy/market is doing well.  
    Your post was a little confusing.

    The market is 100% certain they will cut rates in September when they meet...however if CPI comes in hotter and/or job market takes off again, you never know. That is why they want to see things play out for more than one month. 
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  • The Juggler
    The Juggler Posts: 49,594
    mrussel1 said:
    Halifax2TheMax said:
    My point is that despite the shit storm of the issues with the economy due to the pandemic and POOTWH’s incompetence, Brandon’s administration did a fairly decent job of responding to all the myriad of challenges. Of course everyone wanted it fixed overnight but that’s not reality. Also, factor in the I95 bridge repair and clearing the collapsed bridge blocking the Port of Baltimore as feathers in Brandon’s cap.

    “Oh yea, those things happened. They did? I don’t recall that. Yea, me neither. Economy sucks.”

    Meanwhile, the Dow is up another 173 points. Give corporations tax cuts or give us death.


    I find it interesting and of course bullshit, that Trump is making promise to both Wall Street/Silicon and to Unions.  You can't keep them both happy.  Will they figure it out?  
    Well he is also saying he will impose a 10% tariff on imports and deport 20 million people. If he actually does those two things....that will be like inflation on steroids.
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