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Posted on 7/28/22 at 7:56 am to stout
That transfer began many years ago when rates went to zero and then taxes were lowered. Banjo bob can't issue a hundred million in bonds at 2.5 percent and build a banjo store. Corporate Chris can issue a 100 billion in bonds and buy up multiple businesses.
Posted on 7/28/22 at 7:58 am to Abstract Queso Dip
quote:
That transfer began many years ago when rates went to zero and then taxes were lowered. Banjo bob can't issue a hundred million in bonds at 2.5 percent and build a banjo store. Corporate Chris can issue a 100 billion in bonds and buy up multiple businesses.
About to add a shite load of public debt to the mix for Build Back Better. It’s going to make inflation worse.
So neither the Fed nor congress got the memo. Expect the media to go to bat for them and change the definition of recession for a few months.
This post was edited on 7/28/22 at 7:59 am
Posted on 7/28/22 at 7:58 am to dewster
Weren’t y’all just bragging about the job market?
Posted on 7/28/22 at 7:58 am to greygoose
quote:
Economy is contracting, inflation is skyrocketing, Southern border is wide open, we are tapping our strategic oil supply and selling it to China, and sending billions to a non-NATO country.
No more mean tweets
We're importing baby formula from Mexico so we can give it to illegal Mexicans in the US
Posted on 7/28/22 at 7:59 am to dewster
Recession is way less important than ridding us of mean tweets.
Mean tweets bad.
Recession not as bad.
Mean tweets bad.
Recession not as bad.
Posted on 7/28/22 at 8:00 am to upgrayedd
quote:
We're importing baby formula from Mexico
We are getting food aid from Mexico.
Just think about that for a minute.
This post was edited on 7/28/22 at 8:00 am
Posted on 7/28/22 at 8:02 am to member12
Where do I get this Mexican food aid? I could go for some carnitas right now.
Posted on 7/28/22 at 8:02 am to WaWaWeeWa
quote:
They are going to need a new definition of where this economy is heading. Depression may not even be the right word.
It’s very bad out there
And it’s only going to get worse
Posted on 7/28/22 at 8:02 am to dewster
Technically we entered a recession at the end of Q4 2021. We just now have the data to prove it.
This is what happens when the inmates run the asylum.
This is what happens when the inmates run the asylum.
This post was edited on 7/28/22 at 8:06 am
Posted on 7/28/22 at 8:04 am to fjlee90
Posted on 7/28/22 at 8:05 am to dewster
The United States is full of oil, full of food production capability, etc.
The long-term solution is to bring production/manufacturing back to our country and stop outsourcing so damn much.
Outsourcing has primarily profited the 1% and hollowed-out the middle-class.
The long-term solution is to bring production/manufacturing back to our country and stop outsourcing so damn much.
Outsourcing has primarily profited the 1% and hollowed-out the middle-class.
Posted on 7/28/22 at 8:09 am to Warfox
quote:
Outsourcing has primarily profited the 1% and hollowed-out the middle-class.
Killed small towns where I came from. They turned from places where you could make a decent living and raise a family to hollowed out areas with nothing but crime and drugs.
Posted on 7/28/22 at 8:10 am to Abstract Queso Dip
Posted on 7/28/22 at 8:11 am to dewster
Fed's tools to engineer a recession to treat inflation = chemo therapy to treat certain cancers. Lots of things get hurt/creates problems to solve the big problem
Economists, are there not more efficient ways "manage" inflation? eg, to lower demand or increase supply in specific areas of the economy, with more precision than blunt tools like Fed interest rates?
OR
More focus on ratable GDP growth such that inflation indirectly is managed
Learn me
Economists, are there not more efficient ways "manage" inflation? eg, to lower demand or increase supply in specific areas of the economy, with more precision than blunt tools like Fed interest rates?
OR
More focus on ratable GDP growth such that inflation indirectly is managed
Learn me
Posted on 7/28/22 at 8:14 am to member12
quote:
We're importing baby formula from Mexico
We are getting food aid from Mexico.
Just think about that for a minute.
and don't forget that Mexicans are bitching about Californians migrating in and causing nice neighborhoods to go to shite.
Posted on 7/28/22 at 8:15 am to dewster
Well sure if you want to measure it the old way. We are fine if you look at it the way His Honorable Dear Leader Biden wants you to look at the data.
Posted on 7/28/22 at 8:20 am to dewster
quote:Damn!
GDP contracted by 0.9% in Q2
Posted on 7/28/22 at 8:22 am to dewster
Stocks rebounding the last couple of days. In line for some nice gains when I bought the dip.
Posted on 7/28/22 at 8:22 am to stout
The COVID lockdowns issued by Trump and Fauci with the subsequent COVID bailouts was the largest transfer of wealth in my lifetime. Small businesses were deemed 'unessential' while the big box stores were allowed to remain open. All that bailout money was spent at Target, WalMart, Amazon, Home Depot, etc who then sent that money to China to buy more shite.
It was like watching a train wreck in slow motion and having 70+ percent of the population cheering it on like the Salem Witch trials.
It was like watching a train wreck in slow motion and having 70+ percent of the population cheering it on like the Salem Witch trials.
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