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re: Bank of America: “We won’t have a recession"
Posted on 9/28/23 at 9:36 am to BuckyCheese
Posted on 9/28/23 at 9:36 am to BuckyCheese
quote:
Retards think inflation dropping means prices dropping.
That would be disinflation.
No, it would be deflation.
0
Posted on 9/28/23 at 10:02 am to Big_Sur
quote:
Bank of America: “We won’t have a recession"
The same BoA we had to bail out in 2008?
The same BoA that had to pay billions in fines for cooking the books a few years ago?
Posted on 9/28/23 at 11:17 am to JohnnyKilroy
quote:
I'm simply saying that inflation is lessening, which it unquestionably is vs last year. I have no idea if "everything's ok".
Pay attention kids, this is how you double down on stupidity and crawfish all in the same post, thus taking zero accountability and responsibility for what's happening in reality. Wow, just wow.
Posted on 9/28/23 at 11:41 am to RandoBigot
quote:brb. Going to start burying money in the yard.
Jim Kramer agrees.
Posted on 9/28/23 at 11:46 am to Tomatocantender
quote:
Pay attention kids, this is how you double down on stupidity and crawfish all in the same post, thus taking zero accountability and responsibility for what's happening in reality. Wow, just wow.
I noticed you never answered my question
Posted on 9/28/23 at 11:57 am to BuckyCheese
quote:
That would be disinflation.
No. We are in disinflation right now. Deflation is when prices actually start dropping.
Posted on 9/28/23 at 12:32 pm to JohnnyKilroy
quote:
People suck reagan and voekler's dick over how they tackled carter's inflation. Prices went up every single year of Reagan's 8 year administration.
Using your own (accurate) logic did prices go up or did the inflation rate go up? Prices going up slowly is a sign of a healthy economy
Increasing inflation is not
Posted on 9/28/23 at 12:39 pm to JohnnyKilroy
quote:
You do that every year. There's probably only been once or twice in your entire life you didn't pay more for important items than you did the year before.
Eggs costing $5/dozen compared $2/dozen last year is quite a jump in price
Posted on 9/28/23 at 12:56 pm to The Pirate King
quote:
Eggs costing $5/dozen compared $2/dozen last year is quite a jump in price
Funny you mention eggs.
The national average is back to about $2.00 a dozen in 2023.
Posted on 9/28/23 at 1:08 pm to Big_Sur
So they should commit to ever needing a government bailout.
Posted on 9/28/23 at 1:17 pm to JohnnyKilroy
quote:
Wrong. I'm simply saying that inflation is lessening, which it unquestionably is vs last year.
I think you are trying to say more than that.
quote:
I have no idea if "everything's ok".
I know. Markets have taken a hit since the last time we had this conversation.
quote:
People suck reagan and voekler's dick over how they tackled carter's inflation. Prices went up every single year of Reagan's 8 year administration.
But to be clear, your argument is that under their leadership, the trends of inflation were positive, right?
Posted on 9/28/23 at 1:19 pm to OceanMan
quote:
But to be clear, your argument is that under their leadership, the trends of inflation were positive, right?
Yea.
Posted on 9/28/23 at 1:55 pm to JohnnyKilroy
quote:
The national average is back to about $2.00 a dozen in 2023.
Not sure where they shop, because I’m not seeing it.
Posted on 9/28/23 at 2:05 pm to BuckyCheese
quote:
Retards think inflation dropping means prices dropping.
Clearly there's a lot of those on this board.
Posted on 9/28/23 at 2:15 pm to Big_Sur
quote:
still expecting a soft landing for the US economy rather than a recession
By changing the definition on what IS a recession?
Posted on 9/29/23 at 9:07 am to BuckyCheese
quote:
Was only seven companies for the most part.
That's what is really ridiculous about this current market. The S&P equal weighted is only up about 3% for the year iirc.
I know, 7 big tech companies with small caps lagging. Getting the report on PCE down below 4% should help the market over the next couple of weeks. Maybe, just maybe the fed will hold their water in nov.
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