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re: Biden supporters check in thread.

Posted on 8/16/21 at 10:55 am to
Posted by DangerousWafer
Member since Aug 2021
228 posts
Posted on 8/16/21 at 10:55 am to
Respond or don't.

Inflation is overrated. Deflation is the real problem because banks can't lower rates much.

Central banks can't go lower but they can go higher (and there's an argument to be made that the FED is addicted to low rates).



Posted by STLhog
Nashville, TN
Member since Jan 2015
17721 posts
Posted on 8/16/21 at 10:55 am to
quote:

Inflation as a problem, in my opinion, is far easier to respond to then most people would think.



You do realize what happens when the Fed raises rates right?

All that economic growth you're talking about literally vanishes.

Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73478 posts
Posted on 8/16/21 at 10:56 am to
quote:


Inflation is overrated
FFS

quote:


Central banks can't go lower but they can go higher
Joey Carter will wear that as well.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17721 posts
Posted on 8/16/21 at 10:59 am to
Higher rates equals high unemployment.

They have kicked the can and they're going to get bitten in the arse.

The economy never needed this level of benefits and extra money.

shite was more or less back to normal, under new conditions, 4-5 months after the first lockdowns in 2020.

Going to be a rough decade reaping the shite storm that is our current situation.
Posted by DangerousWafer
Member since Aug 2021
228 posts
Posted on 8/16/21 at 10:59 am to
quote:


All that economic growth you're talking about literally vanishes.


Which is why I said the FED has been addicted to low rates for such a long time. The bullet needs to be bit.

They will need to raise rates eventually. It can be done over a period of time and while some growth will be sacrificed, I don't think all the economic growth will vanish.

Posted by STLhog
Nashville, TN
Member since Jan 2015
17721 posts
Posted on 8/16/21 at 11:01 am to
Good luck getting that out of Powell.

Volcker ain't walking through that door or getting appointed by this administration.
Posted by AU86
Member since Aug 2009
22417 posts
Posted on 8/16/21 at 11:03 am to
quote:

I blame Trump for negotiating a withdrawal with the Taliban and I blame Biden for honoring the withdrawal.


This is a lie. Biden changed the agreed upon date of the agreement, therefore breaking the agreement. After doing so, the Taliban were not obligated and decided that if you are going to change the agreement we are going to initiate other measures. We are seeing those measures now. Trump had negotiated a face saving agreement for the US but the Biden crew were not going to abide by it because it was Trumps agreement. They were not willing to give the Orange man a diplomatic victory.

Do you even know what was in Trumps agreement?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74082 posts
Posted on 8/16/21 at 11:07 am to
quote:

Inflation is overrated

FFS



Whose alter is this? Such a terrible poster
Posted by BusterW
LA.
Member since Jul 2021
307 posts
Posted on 8/16/21 at 11:13 am to
You really did just print all that shite? Because that’s what it is shite
Posted by DangerousWafer
Member since Aug 2021
228 posts
Posted on 8/16/21 at 11:18 am to
Well, I'm of the belief that it needed to be done regardless of this crisis.

There's no ammunition left otherwise.

The highly leveraged model I'm trading right now relies on low rates but even I think that rates need to rise. I'll have to swap treasuries for consumer staples but I admire Volcker for the stance he took back then.
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 8/16/21 at 11:25 am to
quote:

I blame Trump for negotiating a withdrawal
I agreed with withdrawal, but Trump was a rank coward & did not want to do this in his 1st term & alienate a certain branch of his party before the 2020 Elections.

Most Americans just want out of that hellhole . Goodriddance.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
60430 posts
Posted on 8/16/21 at 11:35 am to
Posted by Crumblingcountry
Member since Jul 2021
559 posts
Posted on 8/16/21 at 11:36 am to
Trump also sent a harsh message to the Taliban that he would blow their arse up....And he meant it. Biden asked them please to leave our Embassy alone....and Nancy told the Taliban that we were watching them....lol....I'm sure that shook the Taliban greatly. Dems have fricked this country in so many ways.
Posted by ljhog
Lake Jackson, Tx.
Member since Apr 2009
19084 posts
Posted on 8/16/21 at 11:36 am to
quote:

at least we don't have a mean tweeter in office

I'd trade a few mean tweets a day for $1.49/gal gas again.
Posted by Crumblingcountry
Member since Jul 2021
559 posts
Posted on 8/16/21 at 11:37 am to
You are so full of shite.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17721 posts
Posted on 8/16/21 at 11:37 am to
Seriously, even as a Biden critic myself, how do you know this guy isn't just tweeting whatever he wants with "per WH official" at the end of it?
Posted by Crumblingcountry
Member since Jul 2021
559 posts
Posted on 8/16/21 at 11:41 am to
Your are going to see a market collapse that rivals ant previous dark periods of time. The markets are propped up due to massive printing of money to distribute. The chickens must come home to roost and when they do. ..boy
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22340 posts
Posted on 8/16/21 at 11:41 am to
quote:

but at least we don't have a mean tweeter in office.
Ms. Karen says: "Trump is mean and arrogant. Therefore, I'm voting for the man who will destroy the country".
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74082 posts
Posted on 8/16/21 at 11:44 am to
quote:

sugar71


You are a fool on many boards

Amazing
Posted by greygoose
Member since Aug 2013
11467 posts
Posted on 8/16/21 at 12:24 pm to
quote:

Are you saying the American public will remember this in a few weeks time?

It looks to me that Republicans are criticising Biden while Democrats are criticising Trump. Has it changed anybody's mind on things?

Do we still remember the fall of Saigon? Iranian Hostages? 9/11? Benghazi?

Do you remember the administrations that made those possible? There is a pattern.
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