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Started By
Message
re: Inflation to Rockering Stagflation - It’s going to get bad guys
Posted on 8/5/21 at 2:57 pm to jonnyanony
Posted on 8/5/21 at 2:57 pm to jonnyanony
How many years has this been going on now, though?
The bills proposed and those pasted recently are for Trillions not mere millions or billions.
The gap between the haves and have nots is increasing and there’s no stop gap to reverse the trend. Research it yourself to see how printing and spending this amount of money is unsustainable and can crush an economy.
The bills proposed and those pasted recently are for Trillions not mere millions or billions.
The gap between the haves and have nots is increasing and there’s no stop gap to reverse the trend. Research it yourself to see how printing and spending this amount of money is unsustainable and can crush an economy.
0
Posted on 8/5/21 at 3:17 pm to fjlee90
quote:
At least we don't have mean tweets anymore. Am I Right?
Well... "at least the mean tweets are only directed toward Republicans."
Posted on 8/5/21 at 3:27 pm to BooBearTigerMom
The scary thing is we are staring down the barrel of 15-20% price increases rolling in this quarter for anything imported (which is a huge part of the economy). Ocean freight has gone from $4k to $21k since last year. Covid restrictions. Trucker not coming back to work etc being the reason
It is going to be brutal. Add on to that the planned tax increases in the $3.5 b spending package the Dems have lined up for next month. Much of it paid for with major tax increases. Costs that will again have to be passed on to consumers
The crew in charge right now is going to take us into a major recession next year.
It is going to be brutal. Add on to that the planned tax increases in the $3.5 b spending package the Dems have lined up for next month. Much of it paid for with major tax increases. Costs that will again have to be passed on to consumers
The crew in charge right now is going to take us into a major recession next year.
Posted on 8/5/21 at 3:29 pm to LSUBadger
Posted on 8/5/21 at 3:38 pm to BooBearTigerMom
quote:
It’s going to get bad guys
Welcome to last year.
I'm not being flippant, some of us have been seeing the Inflationary writing on the economic wall since we noticed the FED printing money (even including the accounting change to M1) last year and discussed it here earlier in the year (usually within threads about increasing the Minimum Wage).
Posted on 8/5/21 at 3:39 pm to skidry
quote:
Downsized my house by 1/3. Will have autos paid off by Christmas. Have 2 years cash on hand. I’m as ready as I can be.
same here, house paid of, have a truck note that will be done in about 12-18 months. I do have a loan for renovations to the house and now pretty much everything is New...new house on the cheap. between those two bills which is small i in the grand scheme of things... it gives us about 2-3 years of cash... I DO NOT want to spend it digging out from this assholes administration.
Posted on 8/5/21 at 3:41 pm to BooBearTigerMom
quote:
Now the value of the Chinese and EU currency increases.
Most analysts expect the dollar to strengthen relative to the Euro and Yuan.
Posted on 8/5/21 at 3:59 pm to Bard
quote:
Welcome to last year.
I'm not being flippant, some of us have been seeing the Inflationary writing on the economic wall since
Didn't take a rocket scientist to figure out the bullet situation. You could not even find crappy FMJ .22, .25, much less trying to buy the high calibre stuff. That should have been one of the first indications that shite was not normal and inflation clown stuff was afoot.
Posted on 8/5/21 at 4:10 pm to skidry
quote:
Downsized my house by 1/3. Will have autos paid off by Christmas. Have 2 years cash on hand. I’m as ready as I can be.
That cash is losing value at a quick pace now.
Posted on 8/5/21 at 4:11 pm to Auburn1968
“Rockering” is racist!!
Posted on 8/5/21 at 4:21 pm to BooBearTigerMom
quote:
Inflation to Rockering Stagflation - It’s going to get bad guys
The next administration may have to work hard but they can correct it.
Posted on 8/5/21 at 4:22 pm to skidry
quote:
Have 2 years cash on hand. I’m as ready as I can be.
Posted on 8/5/21 at 4:25 pm to BooBearTigerMom
Don’t you think this is transitory?
Posted on 8/5/21 at 4:25 pm to skidry
quote:
Downsized my house by 1/3. Will have autos paid off by Christmas. Have 2 years cash on hand. I’m as ready as I can be.
Maybe...how is your ammo supply?
Posted on 8/5/21 at 4:46 pm to BooBearTigerMom
I'm really considering selling my house now and banking the profits, living in a small luxury apartment for a year or two, then buying a new house when the market inevitably crashed.
Posted on 8/5/21 at 4:52 pm to TigerFanatic99
quote:
I'm really considering selling my house now and banking the profits, living in a small luxury apartment for a year or two, then buying a new house when the market inevitably crashed.
That's what I did. Just being patient now waiting for real estate prices to come back down to earth.
Posted on 8/5/21 at 4:57 pm to BooBearTigerMom
quote:
Thoughts?
Fluff piece in the typical us (republicans) versus them (democrats) fashion. Trump = good. Biden = bad. When the reality is that both R & D have gotten us to where we are today. The gov't manipulating the economy is ALWAYS going to end poorly. The author seems to think the Rs did a good job while the Ds did a bad one. The answer is that they both suck.
Posted on 8/5/21 at 5:05 pm to BooBearTigerMom
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