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Started By
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re: Are we about to hit stagflation?
Posted on 4/25/24 at 11:16 am to Bard
Posted on 4/25/24 at 11:16 am to Bard
1
Posted on 4/25/24 at 11:16 am to stout
quote:
I guess you and I are different because if I am $1 mil in debt I cut back everywhere including $10 lunches if they aren't necessary
If you have 3-5 costs running $10k/mo, and the rest of your costs are like $500/mo, the interest on the debt is going to overtake any small cuts you make.
Only cutting into those 3-5 big costs are going to stop anything.
Oh yeah, and if we're really comparing it to us, our revenue/income has to be capped, b/c the US will only get about 20% of our GDP in taxes every year.
Posted on 4/25/24 at 11:17 am to teke184
quote:
but he wouldn’t have fricked oil and gas like Biden has,
Would only have a minimally positive impact
quote:
which has been one of the biggest drivers of inflation.
No
Posted on 4/25/24 at 11:17 am to stout
I thought it was rather odd to get notices my savings account went from 4.35 to 4.30 to 4.25 APY all in 1 month.
Posted on 4/25/24 at 11:19 am to SlowFlowPro
quote:
Again, still have no idea why the DEMS sold out so badly in 2020 to eat this shite sandwich, especially since the recovery likely will occur sometime between 2024 and 2028
Perhaps it is because they do not see their party losing another national election. Why would they care about inflation or stagflation, especially if they never see themselves being out of real power again.
This post was edited on 4/25/24 at 11:20 am
Posted on 4/25/24 at 11:19 am to SlowFlowPro
quote:
Only cutting into those 3-5 big costs are going to stop anything
It's more than 3 or 5.
Ukraine is the tip of the wasteful iceberg from this admin. Illegals, Infrastructure BS bill, etc
Ukraine only gets brought up because it's the most obvious of what this admin has printed money for
Posted on 4/25/24 at 11:20 am to weptiger
quote:
Perhaps it is because they do not see their party losing another national election.
But having to own this economy is the driving force in them potentially losing in 2024.
The DEMs would be essentially guaranteed to take everything in 2024 in a landslide, had they let Trump own this post-Covid inflationary era.
Posted on 4/25/24 at 11:20 am to TigerB8
Everything feels off about markets/economy. I work with some large pension funds and they are all really happy about returns (other than commercial real estate). So, you have this dynamic where markets and large investors are doing well, but individuals don't seem that happy. I have no idea if housing is going to be OK or crash. The gold/bitcoin surge seems to tell us something.
Posted on 4/25/24 at 11:23 am to stout
quote:
It's more than 3 or 5.
Social Security
Medicare
Medicaid
Military
The "3-5" is just how you divide those up (like "Health, to include Medicare, Medicaid, and ACA stuff....or separating SS and disability, etc.)
Without significant cuts somewhere in those programs, it's literally irrelevant. There isn't enough spending to cut to make a difference at this point.
quote:
Ukraine only gets brought up because it's the most obvious of what this admin has printed money for
And if you add all of that spending up, the amount of money (not old arms we sent) spent in Ukraine isn't even a month of SS. 1 month. of 1 of these programs.
Posted on 4/25/24 at 11:35 am to stout
Then magically inital jobless claims drop after 6 weeks of the exact number which is impossible
Posted on 4/25/24 at 11:38 am to 4cubbies
Liberal Republicans are as bad as liberal Democrats
Posted on 4/25/24 at 11:39 am to SlowFlowPro
quote:
Again, still have no idea why the DEMS sold out so badly in 2020 to eat this shite sandwich, especially since the recovery likely will occur sometime between 2024 and 2028
Posted on 4/25/24 at 11:39 am to SlowFlowPro
quote:
t just doesn't make a difference. Truly does not. It's like being $1M in debt and worrying about a $10 lunch
It’s not the amount, it’s the concept.. how can we expect any curtailment if they won’t do the easy stuff?
Posted on 4/25/24 at 11:40 am to stout
You have to remember, ALL democrats have the brains of AOC and the economic literacy of Paul Krugman...essentially insane.
Posted on 4/25/24 at 11:42 am to Bunk Moreland
quote:
. So, you have this dynamic where markets and large investors are doing well, but individuals don't seem that happy.
The institutional investors are still somewhat propped up by a belief in being bailed out and are being way too aggressive given the market, because they feel they have to.
Like the investment companies buying up all the homes and what not. People are seeing this as some unfair economic terrorism, but these companies are buying overpriced assets where a small decrease in value can completely frick their whole operation. There isn't enough Section 8 in 2024 to save them today.
These people learned nothing after 2008-2009. They still think everything can only go up, ignoring that our government printed trillions over a decade to artificially inflate goods to create this "value".
Posted on 4/25/24 at 11:43 am to TROLA
quote:
how can we expect any curtailment if they won’t do the easy stuff?
There is no "easy stuff" at this point
Unless pols are ready to take on the "hard stuff" (like Social Security and the Military), it doesn't matter. That's the point.
Posted on 4/25/24 at 11:45 am to SlowFlowPro
Your knowledge on all things economic is laughable
Posted on 4/25/24 at 11:46 am to Rip Torner
What’s he wrong about? I’m not saying he isn’t wrong, btw.
Posted on 4/25/24 at 11:50 am to Bunk Moreland
quote:
Everything feels off about markets/economy. I work with some large pension funds and they are all really happy about returns (other than commercial real estate). So, you have this dynamic where markets and large investors are doing well, but individuals don't seem that happy. I have no idea if housing is going to be OK or crash. The gold/bitcoin surge seems to tell us something.
I remember when everyone was doing well, and the MSM was telling us Trump's economy was just helping Wall Street.
Now Biden's economy is literally just helping Wall Street, and the MSM doesn't talk about it at all.
Posted on 4/25/24 at 11:52 am to 4cubbies
All spending in inconsequential and irrelevant to SFP which is nonsensical, much like Roger, Biden bears little responsibility which is also nonsensical but other than that he is a genius
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