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re: I Was Told We Were in a Recession

Posted on 8/17/24 at 8:14 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88244 posts
Posted on 8/17/24 at 8:14 am to
quote:

while my income was mid six figures


Posted by I Love Bama
Alabama
Member since Nov 2007
38338 posts
Posted on 8/17/24 at 8:28 am to
If you told 2020 ILB what 2024 ILB was doing he would laugh as well.

[l]You'll just say it is photoshopped. [/link] link removed


It will be 7 figures this year as I finish a large restoration project for the national park service. Feel free to stop in and check where your tax dollars are going. We will be here the next 3 months wrapping it up.

However next year is not looking near as promising. Private sector in is slowing down big time which is bringing in much more competition.

This post was edited on 8/17/24 at 3:19 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88244 posts
Posted on 8/17/24 at 9:39 am to
Of course thats photshopped

Anyone making 6 figures isnt living in the narco jungles of Colombia

But good for you
Posted by I Love Bama
Alabama
Member since Nov 2007
38338 posts
Posted on 8/17/24 at 9:44 am to
Hahahahahajahaha

A few people here know me IRL. Happy to send them the government link to verify.

Don’t be such a hating POS.
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 8/17/24 at 10:21 am to
quote:

So we are in and have been in a recession for the most part


Slowing =/= contracting you dolt.

Show me your work for economic contraction…
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55776 posts
Posted on 8/17/24 at 10:29 am to
quote:

Don’t be such a hating POS.


Just wait to see how he gets when we don't get a .5 rate cut in September.
Posted by scottydoesntknow
Member since Nov 2023
7598 posts
Posted on 8/17/24 at 3:59 pm to
When you have an unlimited supply of money, youll never have a recession!!
Posted by scottydoesntknow
Member since Nov 2023
7598 posts
Posted on 8/17/24 at 4:02 pm to
quote:


Poli-board told me the market is crashing.


No they didnt. The value of the dollar is crashing as is the long term stability of the economy...but who cares if your stocks do well, right?
Posted by Motownsix
Boise
Member since Oct 2022
2739 posts
Posted on 8/18/24 at 2:33 am to
Is there where all the Politards come over to tell us how bad the economy has been for the last four years? Can we send them the cliff notes from some earning reports? I get it Red Lobster is going out of business.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88244 posts
Posted on 8/18/24 at 7:01 am to
quote:

Don’t be such a hating POS.


I dont hate on your fantasies. Im happy for you

quote:

Just wait to see how he gets when we don't get a .5 rate cut in September


What does this even mean? Why would it matter to me if they dont cut .5%

You are the ones who claim there is a zero % chance of it happening
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
10037 posts
Posted on 8/18/24 at 10:11 am to
quote:

Offshore drilling is blowing and going


Still a far cry from the peak in the late 2000’s.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55776 posts
Posted on 8/18/24 at 10:24 am to
quote:

What does this even mean? Why would it matter to me if they dont cut .5%


You're the one who has been senselessly flogging the .5 horse.

quote:

which could lead to the .5% cur or more in Sept

LINK

Quotes from various wishcasters to manufacture a .5 cut into reality
quote:

They are going to cut .5 or maybe 1% after this report

LINK

quote:

You are the ones who claim there is a zero % chance of it happening


Yes, and that's because there is a zero chance of a .5 cut or greater happening in September (regardless of what the market prognosticators want).
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88244 posts
Posted on 8/18/24 at 11:40 am to
quote:

You're the one who has been senselessly flogging the .5 horse.



Theres now a 40% chance of a .5 bps cut. Many many many ppl are calling for it

You cant explain how if a .5% doesnt happen that i will be upset by it

Shocked you didnt post your chart again

I would also love to know how a .5 cut would some how cause inflation to ramp up
This post was edited on 8/18/24 at 11:57 am
Posted by MSTiger33
Member since Oct 2007
21052 posts
Posted on 8/18/24 at 11:42 am to
Mid to late cycle right now
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55776 posts
Posted on 8/18/24 at 1:20 pm to
quote:

Shocked you didnt post your chart again


You've referenced me posting a chart many times, I still have no idea what you mean by that. Can you link what you're talking about?

quote:

Theres now a 40% chance of a .5 bps cut. Many many many ppl are calling for it


That's exactly what that 40% represents; many, many people calling for it. They are calling for it because it's what they want, they aren't saying "this is the most likely outcome because of what the data shows".

You don't seem to be able to differentiate between the two.

quote:

You cant explain how if a .5% doesnt happen that i will be upset by it


I really don't care if you are or not, it was just a verbal jab at your ridiculous and ongoing insistence that we'll get a .5 cut or more in September.

quote:

I would also love to know how a .5 cut would some how cause inflation to ramp up


You continue to demonstrate you don't quite understand why rates are raised or lowered in the first place, explaining to you how making it less costly to borrow money would create more inflation as more money moved back into the economy would be as useless as trying to convince a COVIDian they don't need their 20th booster.
This post was edited on 8/18/24 at 1:31 pm
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5973 posts
Posted on 8/18/24 at 1:22 pm to
Business sucks for some people and they have to blame someone
Reaganism taught us to be self reliant
Trump says to blame someone ----see it on here everyday
Posted by slackster
Houston
Member since Mar 2009
90107 posts
Posted on 8/18/24 at 1:33 pm to
quote:

The value of the dollar is crashing


Relative to what?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88244 posts
Posted on 8/19/24 at 2:51 pm to
quote:

You continue to demonstrate you don't quite understand why rates are raised or lowered in the first place,


This is really incredible coming from you

The rest of your rant was just typical stupid Bard
Posted by Big Scrub TX
Member since Dec 2013
37159 posts
Posted on 8/19/24 at 2:58 pm to
quote:

The value of the dollar is crashing
It's about the same place it was to start the year - and is higher than it was 3 years ago.
Posted by I Love Bama
Alabama
Member since Nov 2007
38338 posts
Posted on 8/19/24 at 3:40 pm to
?????? Huh
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