aceofspadeshq at gee mail.com
CBD:
cbd.aoshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com
"Catastrophic" Market Crash; Are We In a New Recession?
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There is a "catastrophic stock market crash" unfolding. And it might last a while.
It wasn't just Biden's spending -- it was also all the quantitative easing during the covid lockdowns, which just added to all the quantitative easing under Obama's serial Recovery Summers. But Brandon's drunken-sailor spending spree seems to have been the last straw. The economy defied basic economic physics and somehow did not show high inflation even through all of Obama's excessive spending and constant quantitative easing from his fed chairman, leading some very stupid people to conclude, impossibly, that inflation was no longer a threat. That we were in a "post-inflationary economy" or something. It's so stupid I can't believe I just wrote that. But Biden throwing another couple of trillion onto the National Money Barbecue ignited high inflation which is causing the fed to raise interest rates which in turn is puncturing the speculative bubble in the market and causing it to crash. Which may ignite another recession. A "major recession," Andy Puzder writes. On Bloomberg, an analyst says we're headed for a "bumpy road" but predicts there won't be a recession, but suddenly the R-word is on everyone's mind. And if there is another recession -- then what will the government and fed do? Spend more trillions? Cut interest rates again? They've already done too much of that. Those bullets have done been shot off already. So we're probably going to have to just mostly ride this one out without fiscal and monetary interventions. (Conservative monetary theorists probably welcome seeing this happen.) As Obama once said: "Never underestimate Joe Biden's ability to fuck everything up."
As a week-long selloff that’s pushed major indexes down to the brink of bear-market territory intensifies, investment banks are warning clients the worst may be yet to come, with some experts warning that the S&P 500 could plunge as much as 11% more if corporate earnings continue to disappoint as the Federal Reserve begins raising interest rates. Dragged down by a fifth straight day of steep losses in the tech sector, the S&P 500 fell nearly 4% to 4,236 Monday morning, pushing the index down more than 10% for the year, before an end-of-day surge that helped it tick up 0.4%. A "disappointing" start to fourth-quarter earnings season could spell trouble for stocks this year, Goldman Sachs' David Kostin wrote in a Monday note, forecasting the S&P could plunge as much as 11% from Friday's close (to 3,914) if higher interest rates and the reduction in Fed stimulus push annual corporate profits down 4% from 2021. Morgan Stanley's Michael Wilson struck a similar tone, telling clients on Monday to "hunker down for a few more months," as slowed earnings growth joins monetary policy uncertainty as primary market concerns. "It's too early to be bullish," Wilson said, warning the S&P could plunge another 10% while pointing out the "most speculative parts" of the market have been hit the hardest, with names like Peloton down 75% in six months. As inflation falls once the Fed starts hiking rates, Wilson says he's "most bearish" on consumer goods, apparel and housing-related stocks that have benefited from rising prices. Kostin says some sort of catalyst--such as a slowdown in inflation--will be necessary to curb the broad-market selloff, but Goldman economists don't expect prices will cool down until the second quarter; other potential catalysts include an "extremely strong" earnings season or a Fed policy pivot.
Watch the moment @JoeBiden is confronted by a reporter with the massive list of his failures...
— Young Americans for Liberty (@YALiberty) January 20, 2022
He responds, "I didn't overpromise. And I have probably outperformed what anyone thought would happen."
Yes, he really said that. 😳 pic.twitter.com/EofCGuD9fb
Comments
(Jump to bottom of comments)Posted by: ... at January 24, 2022 04:35 PM (dscaa)
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:36 PM (v2fyE)
Posted by: Jak Sucio at January 24, 2022 04:36 PM (T4dlg)
Also the constant drone from the media and Democrats is one of complete Tokyo Rose demoralization.
This will be the end result.
Posted by: ... at January 24, 2022 04:36 PM (dscaa)
I mean...we're due for a major correction, but I don't think today was that day.
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:37 PM (LvTSG)
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:37 PM (v2fyE)
Posted by: Skip at January 24, 2022 04:37 PM (2JoB8)
Posted by: fd at January 24, 2022 04:37 PM (vrz2I)
Posted by: andycanuck (UHVv4) at January 24, 2022 04:37 PM (UHVv4)
Posted by: Jordan61 at January 24, 2022 04:38 PM (Ez6QX)
Posted by: WisRich at January 24, 2022 04:38 PM (G0vdT)
Posted by: Skip at January 24, 2022 04:38 PM (2JoB8)
Posted by: Christopher R Taylor at January 24, 2022 04:38 PM (KZzsI)
Posted by: Puddin Head at January 24, 2022 04:38 PM (0chEi)
Posted by: Mark1971 at January 24, 2022 04:38 PM (xPl2J)
Posted by: Boss Moss at January 24, 2022 04:39 PM (todmg)
Posted by: Zombie Robbo the Llama Butcher at January 24, 2022 04:39 PM (dfRN6)
Posted by: Mark Andrew Edwards, RIP Oregon Muse at January 24, 2022 04:39 PM (V6f9+)
Posted by: Skip at January 24, 2022 04:39 PM (2JoB8)
i was assured, ASSURED that the economy was doing fantastic and that's why prices had risen.
anyone want odds on the explanation for the market crash to be that the economy is doing so well the investors are taking their profits, which is causing the sell off and making things look bad when they're really great, honest guys...
Posted by: SturmToddler (8D42x) at January 24, 2022 04:39 PM (8D42x)
Posted by: Wyatt Earp at January 24, 2022 04:39 PM (XSRBF)
Anyone here believe the UE rate is 3.9%?
That's what they're telling us it is.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:37 PM (v2fyE)
Well they got there by reducing the denominator, people seeking work. Afaik number of people working is still below the 2019 watermark.
People should keep in mind that the stock market is not the economy. An increase in interest rates can be sensible policy, but will generally be received negatively by stocks. Inflation is bad, but stocks will rise with inflation.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:39 PM (z5Vrg)
Posted by: Dr. T at January 24, 2022 04:39 PM (bhRsz)
Markets need a catalyst, and there is zero good news in prospect right now.
Posted by: Huck Follywood, Break The Teachers Unions at January 24, 2022 04:39 PM (1Q2Jm)
Posted by: Jukin the Deplorable and Totally Unserious at January 24, 2022 04:39 PM (iDcra)
Anyone here believe the UE rate is 3.9%?
That's what they're telling us it is.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:37 PM (v2fyE)
========
I believe their calculations are correct.
I believe that the rate tells an incomplete story that the media is happy to latch onto, though. Also, it doesn't seem to matter that the government says that unemployment is at 3.9%. The people seem pretty down on the economy in general despite the propaganda.
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:40 PM (LvTSG)
Posted by: Capital Eff at January 24, 2022 04:40 PM (GYllL)
Posted by: Christopher R Taylor at January 24, 2022 04:40 PM (KZzsI)
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:40 PM (5pTK/)
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:40 PM (DU+/6)
Isn't it peculiar how they're saying biden's supposed UE rate is lower than President Trump's lowest?
Weird how we're at record low unemployment and also at Flat GDP Growth. Very, berry, weird....
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:40 PM (v2fyE)
Posted by: Boss Moss at January 24, 2022 04:40 PM (todmg)
---------------------
Buy Exxon. Never get out of the boat, either.
Posted by: Puddin Head at January 24, 2022 04:40 PM (0chEi)
hah. It doesn't seem appropriate. good reminder, though.
it should be something that's less serious.
Posted by: ace at January 24, 2022 04:40 PM (0G13K)
Posted by: Hairyback Guy at January 24, 2022 04:40 PM (/1l9x)
Posted by: rhomboid at January 24, 2022 04:40 PM (HyGvN)
Posted by: Fan of Flaming Skulls at January 24, 2022 04:41 PM (MK1zk)
I was promised stocks! Who are we putting in them?
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at January 24, 2022 04:41 PM (pNxlR)
It might be that low if all you count is "people who are looking for work but cannot find it". I mean, a huge number of people are unemployed right now but don't give a damn and plan on staying that way unless "massage boy for Instagram Model for 7 figures a year" comes their way.
Posted by: Christopher R Taylor at January 24, 2022 04:41 PM (KZzsI)
-----------------------------
Remember - for all the hits we've taken these last few years, for all the naysayers predicting our decline, America still has the largest, most prosperous economy in the world. (Applause.) No workers - no workers are more productive than ours. No country has more successful companies, or grants more patents to inventors and entrepreneurs. We're the home to the world's best colleges and universities, where more students come to study than any place on Earth.
What's more, we are the first nation to be founded for the sake of an idea - the idea that each of us deserves the chance to shape our own destiny. That's why centuries of pioneers and immigrants have risked everything to come here.
-----------------------------
Now think about how this speech would be received or reported on now. How even though it's uniformly boilerplate platitudinous bullshit, at one time it sounded pretty good to the average person. And today it could probably never even be made. Would never be made. Think of how catastrophically *different* the world we live in is, how different the constant drone in your ear is, and how fast it happened.
Posted by: ... at January 24, 2022 04:41 PM (dscaa)
okay
Posted by: kallisto at January 24, 2022 04:41 PM (DJFLF)
Posted by: Indignatio Vindicatorem at January 24, 2022 04:42 PM (oWBc3)
Well they got there by reducing the denominator, people seeking work.
Posted by: Red Turban Someguy
Exactly.
They are simply Not Counting/Including a "record" number of unemployed people. Historic!
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:42 PM (v2fyE)
Posted by: Wyatt Earp at January 24, 2022 04:39 PM (XSRBF)
How long until you retire or need the money?
Posted by: Nova local at January 24, 2022 04:42 PM (exHjb)
Posted by: The Free Shit Army at January 24, 2022 04:42 PM (Xrfse)
Posted by: Thrawn at January 24, 2022 04:42 PM (Rl7KJ)
Posted by: Eromero at January 24, 2022 04:42 PM (0OP+5)
Posted by: G'rump928(c) at January 24, 2022 04:43 PM (yQpMk)
Posted by: JoeF. at January 24, 2022 04:43 PM (mR6Gs)
Posted by: ace at January 24, 2022 04:43 PM (0G13K)
Posted by: Mister Scott (formerly GWS) at January 24, 2022 04:43 PM (bVYXr)
hah. It doesn't seem appropriate. good reminder, though.
it should be something that's less serious.
Posted by: ace
lol, you're right
But that sure is one cute little duckie!
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:43 PM (v2fyE)
Posted by: Thomas Paine at January 24, 2022 04:43 PM (5kI0z)
Posted by: JoeF. at January 24, 2022 04:43 PM (mR6Gs)
Posted by: San Franpsycho at January 24, 2022 04:43 PM (EZebt)
Posted by: Mister Scott (formerly GWS) at January 24, 2022 04:43 PM (bVYXr)
=========
Graft.
I expected graft.
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:43 PM (LvTSG)
====
Damn you supply chain problems!!!!
Posted by: Peloton at January 24, 2022 04:43 PM (iDcra)
Teachers "Kids are resilient."
Yeah they'll adapt and overcome, and develop a terrible contempt that will outlive you. And you'll deserve it.
Posted by: BourbonChicken at January 24, 2022 04:43 PM (44ww/)
---------------------
Hear how they jing, jinga-linga
Posted by: andycanuck (UHVv4) at January 24, 2022 04:44 PM (UHVv4)
Meanwhile, my little attempts at investing are looking sorry and pathetic. Might has well just hope the companies don't go under entirely and maybe my stock will be worth something 30 years from now.
Posted by: Synova at January 24, 2022 04:44 PM (BD/yx)
Posted by: BourbonChicken at January 24, 2022 04:44 PM (44ww/)
Posted by: tcn in AK at January 24, 2022 04:44 PM (okGHj)
Posted by: banana Dream at January 24, 2022 04:44 PM (+Z1Gj)
I would have thought the empty store shelves but....apparently not.
Can't wait for Biden to draft kids for his war of choice and make them take the clot shot.
It will be LIT to have the left tell me its our patriotic duty!
Posted by: 18-1 at January 24, 2022 04:44 PM (ESjRY)
Buy on the dip
Posted by: guy who's always buying things on the dip at January 24, 2022 04:44 PM (0G13K)
Posted by: Insomniac - Outlaw. Hoarder. Wrecker. at January 24, 2022 04:44 PM (II3Gr)
Posted by: Mark Andrew Edwards, RIP Oregon Muse at January 24, 2022 04:44 PM (V6f9+)
Posted by: Skip at January 24, 2022 04:39 PM (2JoB
I have never understood the stock market, but I would venture a guess that either a) someone was pumping things behind the scenes this afternoon or b) investors are betting the Fed won't spike interest rates if they think the market's about to turn bear; and that's why we saw the end-of-day rally. Could be wrong.
Posted by: Dr. T at January 24, 2022 04:44 PM (bhRsz)
Posted by: kallisto at January 24, 2022 04:44 PM (DJFLF)
Posted by: The Who at January 24, 2022 04:44 PM (todmg)
Yeah, the This Is Serious yellow duckie is best for the next fake "problematic" crisis by a green-hair on tiktok.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:44 PM (v2fyE)
Posted by: JoeF. at January 24, 2022 04:43 PM (mR6Gs)
At least in the end there will be only chaos. So I've heard anyway.
Posted by: Thrawn at January 24, 2022 04:44 PM (Rl7KJ)
Posted by: Thomas Paine at January 24, 2022 04:43 PM (5kI0z)
It might not have even be PPT - I mentioned in the other thread, all fed employee TSP buys hit on Mondays...they probably dropped this afternoon. That number every other Monday is a large institutional buy...
Posted by: Nova local at January 24, 2022 04:44 PM (exHjb)
This will end well.
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:45 PM (5pTK/)
--------------------
I told my sons that whenever someone deprecates the old rules and says, "Things are different now" they should pull their coats up over their heads and run for the exit.
Posted by: Deplorable Jay Guevara at January 24, 2022 04:45 PM (YqDXo)
Some might even call this an adjustment down to proper value.
Posted by: Christopher R Taylor at January 24, 2022 04:45 PM (KZzsI)
Now Weare Doomed!
Posted by: Skip at January 24, 2022 04:45 PM (2JoB8)
First, technology acted like a liquidity sponge for a while and reduced inflationary pressures. (Big Screen Tv's for example prices came way down in span of 10 15 years).
But now we have had two years of reduced productivity, and broken supply lines so now have shortages of goods. Prices rise. And a lot of people have retired quit. Shortage of labor. Wages rising.
Its a designed failure. There is no other way to unwind the ridiculous positions a number of nations. Thus, a bonfire of the vanities.
Posted by: Style Guide at January 24, 2022 04:45 PM (cwIXc)
Posted by: Eisenhorn at January 24, 2022 04:45 PM (TpxxY)
Posted by: Jukin the Deplorable and Totally Unserious at January 24, 2022 04:45 PM (iDcra)
Posted by: IC - #FJB at January 24, 2022 04:45 PM (hV9ir)
Weird how we're at record low unemployment and also at Flat GDP Growth. Very, berry, weird....
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:40 PM (v2fyE)
++++
The UE rate is lower, and total employment is up by six million since a year ago.
But total employment is still below - by about three million - than it was in December of '19. On the plus side, the labor participation rate has also declined, as has the total size of the labor force. So because the labor force shrank by enough, the added employment over the past year drove the rate down to lower than we saw under Trump, but we're still off by almost 3 million as compared to the last really good month pre-pandemic.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:45 PM (DU+/6)
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:45 PM (LvTSG)
I just don't want to be wiped out
Posted by: Wyatt Earp at January 24, 2022 04:45 PM (XSRBF)
Posted by: Huck Follywood, Break The Teachers Unions at January 24, 2022 04:39 PM (1Q2Jm)
None. There will be bad news and worse news. Meh, I guess I'd be more worried about my retirement funds if I thought there was any chance I'd live to see retirement.
Posted by: antisocial justice beatnik at January 24, 2022 04:45 PM (DTX3h)
Posted by: Commissar of Plenty and Lysenko Solutions at January 24, 2022 04:45 PM (Yu9rW)
Teachers "Kids are resilient."
Yeah they'll adapt and overcome, and develop a terrible contempt that will outlive you. And you'll deserve it.
Posted by: BourbonChicken at January 24, 2022 04:43 PM (44ww/)
Kids have always put up with loads of adult bullshit. Doesn't mean they don't see it for what it is.
These are people that have to exert their power over children to feel good about themselves. Think that one through.
Posted by: tcn in AK at January 24, 2022 04:45 PM (okGHj)
Posted by: Randolph Duke at January 24, 2022 04:46 PM (guGkK)
Posted by: Romeo13 at January 24, 2022 04:46 PM (oHd/0)
Posted by: Hadrian the Seventh at January 24, 2022 04:46 PM (/U27+)
and yes, we could be in the middle of a significant stock market decline, but once Jen Spaki explains that Poland was always a part of Minehead, everything will be okay.
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:46 PM (Ynyl9)
the thing that suxx about crypto is not even the price swings...there's no divvy
so unless you're the best crypto timer ever, you make ungatz
Posted by: kallisto at January 24, 2022 04:46 PM (DJFLF)
You want Tzeentch.
You'll settle for Khorne
You'll get an unholy combination of Slaanesh and Nurgle.
Posted by: 18-1 at January 24, 2022 04:46 PM (ESjRY)
Posted by: Thomas Paine at January 24, 2022 04:46 PM (5kI0z)
Posted by: Deplorable Jay Guevara at January 24, 2022 04:46 PM (YqDXo)
Posted by: Peloton at January 24, 2022 04:46 PM (sWM8x)
Plus Dread Scott and Judge Dread.
Posted by: Archer at January 24, 2022 04:46 PM (gmo/4)
Posted by: antisocial justice beatnik at January 24, 2022 04:45 PM (DTX3h)
What is this "retirement" of which you speak?
Posted by: tcn in AK at January 24, 2022 04:46 PM (okGHj)
Perhaps you want to rewrite your post?
Posted by: Google/Meta/FCC at January 24, 2022 04:46 PM (9otr5)
Posted by: ... at January 24, 2022 04:46 PM (dscaa)
Posted by: Mister Scott (formerly GWS) at January 24, 2022 04:43 PM (bVYXr)
=========
Graft.
I expected graft.
Posted by: TheJamesMadison
i am expecting a live action version of The Road.
Posted by: BifBewalski @ (IJES/) - at January 24, 2022 04:46 PM (IJES/)
Posted by: Synova at January 24, 2022 04:47 PM (BD/yx)
Posted by: G'rump928(c) at January 24, 2022 04:47 PM (yQpMk)
I just don't want to be wiped out
Posted by: Wyatt Earp at January 24, 2022 04:45 PM (XSRBF)
Assuming you're broadly diversified, the only way you get wiped out in a way that doesn't recover in a few years is if the US comes crashing down.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:47 PM (z5Vrg)
Posted by: tcn in AK at January 24, 2022 04:45 PM (okGHj)
They're usually narcissists. And sometimes they're parents. Ask me how I know.
Posted by: Insomniac - Outlaw. Hoarder. Wrecker. at January 24, 2022 04:47 PM (II3Gr)
If you're not needing the money anytime soon then I wouldn't.
In my case all this market means right now is the possibility to buy because I still have a long way to go and if all the money I put into the market goes up in flames during some epic economic doomsday collapse then the alternative of having a bunch of cash sitting under a mattress isn't going to do me much good when it won't be worth the paper its on.
My only regret then is I should have spent it on booze, hookers and more hookers.
For now I'll wait another 20 years for the booze, hookers, and more hookers
Posted by: H Badger at January 24, 2022 04:47 PM (n/0Nw)
I also hate Biden and everything the Dems have done to this country.
F this Administration for their incompetence and willingness to destroy this our country.
Posted by: Czech Chick at January 24, 2022 04:47 PM (haWye)
Posted by: Boss Moss at January 24, 2022 04:47 PM (todmg)
https://tinyurl.com/25pvxb2y
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:45 PM (LvTSG)
++++
TJM remains a great man.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:47 PM (DU+/6)
Posted by: Infidel at January 24, 2022 04:47 PM (qpolg)
Yep. There was no need for it.
Posted by: Notorious BFD at January 24, 2022 04:47 PM (Xrfse)
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:47 PM (DU+/6)
========
Beach, please.
Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:48 PM (LvTSG)
Remember - for all the hits we've taken these last few years, for all the naysayers predicting our decline, America still has the largest, most prosperous economy in the world. (Applause.) No workers - no workers are more productive than ours. No country has more successful companies, or grants more patents to inventors and entrepreneurs. We're the home to the world's best colleges and universities, where more students come to study than any place on Earth.
What's more, we are the first nation to be founded for the sake of an idea - the idea that each of us deserves the chance to shape our own destiny. That's why centuries of pioneers and immigrants have risked everything to come here.
-----------------------------
Referenced in Comment 40. That was Obama in 2011.
Posted by: ... at January 24, 2022 04:48 PM (dscaa)
Posted by: Archer at January 24, 2022 04:48 PM (gmo/4)
I just don't want to be wiped out
Posted by: Wyatt Earp at January 24, 2022 04:45 PM (XSRBF)
Usually you diverse by age - my conservative rule of thumb (that I follow b/c I'm conservative with money) is to be conservative/moderate with your money by 1% for every year old you are (more aggressive folks would say 1% for every year over 22 you are - aka, after you started work)...
So, depending on your age, keep some aggressive, but maybe back a little out to a more moderate (or even conservative) position
Posted by: Nova local at January 24, 2022 04:48 PM (exHjb)
Posted by: Indignatio Vindicatorem at January 24, 2022 04:48 PM (oWBc3)
Posted by: IC - #FJB at January 24, 2022 04:45 PM (hV9ir)
--------------
Me too. Contempt, and no small amount of rage. How could they have been so stupid? Biden was already playing handball with his own shit BEFORE the election.
Posted by: Deplorable Jay Guevara at January 24, 2022 04:48 PM (YqDXo)
Posted by: JoeF. at January 24, 2022 04:48 PM (mR6Gs)
Posted by: 18-1 at January 24, 2022 04:48 PM (ESjRY)
can they when there's already a 40 year high in inflation?
Posted by: ace at January 24, 2022 04:48 PM (0G13K)
I would have thought the empty store shelves but....apparently not.
Posted by: 18-1 at January 24, 2022 04:44 PM (ESjRY)
Cutting off the internet so they can't TikTok, Netflix and chill, and post pictures of their dinner on IG. That's my guess.
Posted by: Jordan61 at January 24, 2022 04:48 PM (Ez6QX)
Posted by: naturalfake at January 24, 2022 04:48 PM (OMayC)
Posted by: Nova local at January 24, 2022 04:48 PM (exHjb)
Posted by: Deplorable Jay Guevara at January 24, 2022 04:46 PM (YqDXo)
Plunge Protection Team
Posted by: kallisto at January 24, 2022 04:48 PM (DJFLF)
Posted by: Hadrian the Seventh at January 24, 2022 04:48 PM (/U27+)
------------------------------------
All my money is in Limerick futures!
Posted by: andycanuck (UHVv4) at January 24, 2022 04:48 PM (UHVv4)
If only we had some impending military action, then we could rally the populace, spend more money we don't have, and blame the enemy for our economic woes...
Posted by: Biden's Handlers at January 24, 2022 04:48 PM (JCZqz)
Posted by: Skip at January 24, 2022 04:48 PM (2JoB8)
the "most speculative parts" of the market have been hit the hardest, with names like Peloton down 75% in six months.
okay
Posted by: kallisto
Well, their products are all stuck in shipping crates donchano? I heard Circle
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at January 24, 2022 04:48 PM (pNxlR)
Posted by: Red Turban Someguy
Thanks, and thanks Nova Local. I check my quarterly reports, but I am usually totally confused at trying to read the market.
Posted by: Wyatt Earp at January 24, 2022 04:48 PM (XSRBF)
Posted by: gourmand du jour at January 24, 2022 04:49 PM (jTmQV)
Posted by: Weasel at January 24, 2022 04:49 PM (0IeYL)
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:49 PM (f4mjo)
Posted by: ShainS -- Beware the Branch Covidians at January 24, 2022 04:49 PM (CtltA)
Posted by: Hadrian the Seventh at January 24, 2022 04:48 PM (/U27+)
Ummmmmm....Yes.
Posted by: Billy Jeff, Rapist at January 24, 2022 04:49 PM (/1l9x)
Posted by: Dr Spank at January 24, 2022 04:49 PM (ciNt1)
i put it up
Posted by: ace
Ace left out the skull because he was trying not to overpromise
Posted by: Hands at January 24, 2022 04:49 PM (786Ro)
---------------
Pre-programmed trading? What?
Posted by: Deplorable Jay Guevara at January 24, 2022 04:46 PM (YqDXo)
Plunge Protection Team
Posted by: Nova local at January 24, 2022 04:49 PM (exHjb)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:49 PM (Ynyl9)
===
CHALLENGE ACCEPTED!!
Posted by: Joe Biden at January 24, 2022 04:49 PM (iDcra)
Posted by: Weasel at January 24, 2022 04:49 PM (0IeYL)
Posted by: BifBewalski @ (IJES/) - at January 24, 2022 04:46 PM (IJES/)
This is a non-zero possibility
Posted by: blaster at January 24, 2022 04:49 PM (9otr5)
I'm comfortable financially and my grocery bills are making me wince.
Posted by: 18-1 at January 24, 2022 04:49 PM (ESjRY)
Plus Dread Scott and Judge Dread.
Posted by: Archer
i am in dread for the puns this comment has 'spent' itself upon*
*(not in, we practice safe pun here)
Posted by: BifBewalski @ (IJES/) - at January 24, 2022 04:50 PM (IJES/)
Posted by: Weasel at January 24, 2022 04:49 PM (0IeYL)
++++
If that happens, it will cause a huge dislocation as a lot of stocks dive during major reprioritization. I would expect entertainment and defense-affiliated industrials to climb, though...
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:50 PM (DU+/6)
Posted by: Christopher R Taylor at January 24, 2022 04:50 PM (KZzsI)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:47 PM (z5Vrg)
This is a non-zero possibility
Posted by: blaster at January 24, 2022 04:50 PM (9otr5)
Posted by: Boss Moss at January 24, 2022 04:50 PM (todmg)
>>Yep. There was no need for it.
Well....
--
Everybody who was able to skim a little bit off the top. sides and bottom.
Posted by: Thomas Bender at January 24, 2022 04:50 PM (lTTSV)
Posted by: Boss Moss at January 24, 2022 04:47 PM (todmg)
The Great Siesta
Posted by: Warai-otoko at January 24, 2022 04:50 PM (6FeV1)
Here's why I don't trust Crypto in one simple sentence:
The entirety of all "crypto" could be literally Switched Off by the US government any time they please.
The Internet, what's on the Internet, the Satellites that beam the Internet Tubes into our homes...it's all controlled by the government.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:50 PM (v2fyE)
Posted by: sniffybigtoe at January 24, 2022 04:50 PM (UuD2k)
The irony is that a cow could have converted that garbage into real meat for less money.
Posted by: Cicero (@cicero43) at January 24, 2022 04:50 PM (guGkK)
Anyone know what Nancy Pelosi's selling?
I'd say invest in pharmaceuticals and the defense industry, but those stocks are probably out of our price range.
Posted by: lowandslow at January 24, 2022 04:50 PM (4thlk)
Posted by: Hadrian the Seventh at January 24, 2022 04:46 PM (/U27+)
I thought it was when shoe-shine boys start giving market tips is when you get out.
Posted by: JoeF. at January 24, 2022 04:50 PM (mR6Gs)
Posted by: Skip at January 24, 2022 04:48 PM (2JoB
brew a cuppa for me skippy boy!
lol
Posted by: kallisto at January 24, 2022 04:51 PM (DJFLF)
My local grocery stores have been out of meats every so often and yet the fake meat section is always full.
Something weird there - I presume grocery stores are being paid to carry that crap.
Posted by: 18-1 at January 24, 2022 04:51 PM (ESjRY)
>>Yep. There was no need for it.
Well....
Everybody who was able to skim a little bit off the top. sides and bottom.
Posted by: Thomas Bender at January 24, 2022 04:50 PM (lTTSV)
10% for the Big Guy?
Posted by: Romeo13 at January 24, 2022 04:51 PM (oHd/0)
I would have thought the empty store shelves but....apparently not.
I think I'm starting to get why people said, prior to the American and French Revolutions, that a large republic couldn't work. People are mostly so dispersed, away from the center of power, that it's difficult to bring sufficient pressure to bear on the government to heed their demands, and so eventually they stop trying.
The only ones who do regularly make a go of it are the urban mob, while any republic has those, it's difficult to counterbalance them in the larger ones.
Glad I figured this out just as we're completing the slide to fascist empire.
Posted by: Dr. T at January 24, 2022 04:51 PM (bhRsz)
To quote Tony Montana, "You stupid f**ks, look at you now!"
Posted by: Wyatt Earp at January 24, 2022 04:51 PM (XSRBF)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:47 PM (z5Vrg)
This is a non-zero possibility
Posted by: blaster at January 24, 2022 04:50 PM (9otr5)
That's why it bears mentioning as a caveat. Countries do collapse.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:51 PM (z5Vrg)
Posted by: Nova local at January 24, 2022 04:48 PM (exHjb)
-----------------
The only "diversity" that's actually worth a damn.
Posted by: Deplorable Jay Guevara at January 24, 2022 04:51 PM (YqDXo)
That's 13 years now. Or over $13 trillion for the folks in Rio Linda.
Inflation adjusted, World War 2 cost around $4 trillion ....
Posted by: Well at January 24, 2022 04:52 PM (cdHtX)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:52 PM (Ynyl9)
Posted by: Infidel at January 24, 2022 04:52 PM (qpolg)
I'm comfortable financially and my grocery bills are making me wince.
Posted by: 18-1 at January 24, 2022 04:49 PM (ESjRY)
Mwuh-hahahahahaaaaa!
Posted by: Chase, Citi, Wells Fargo, Discover.... at January 24, 2022 04:52 PM (6FeV1)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:49 PM (Ynyl9)
And the phytoestrogens in that stuff will give you bitch tits. (I already miss Meatloaf.)
Posted by: sniffybigtoe at January 24, 2022 04:52 PM (UuD2k)
I fucking love it.
Posted by: Meade Lux Lewis, Domestic Terrorist at January 24, 2022 04:52 PM (sWM8x)
Posted by: Anti doesn't matter at January 24, 2022 04:52 PM (sUMfc)
Posted by: Dr Spank at January 24, 2022 04:49 PM (ciNt1)
I doubt that. He might send troops to Main Street to confiscate what little wealth we have left but he'll leave his deep state buddies on wall street alone.
Posted by: Somewhere South of I-80 at January 24, 2022 04:52 PM (ItDAh)
Posted by: Peloton at January 24, 2022 04:46 PM (sWM8x)
Funny, I never see Peloton ads anymore. But I AM seeing ads featuring Colin Kaepernick flogging a rowing machine from some rival company (and babbling about something I can't even comprehend).
Posted by: Zombie Robbo the Llama Butcher at January 24, 2022 04:53 PM (dfRN6)
Posted by: Cicero (@cicero43) at January 24, 2022 04:50 PM (guGkK)
++++
Innovative New Process Converts Vegetables Into Meat By Feeding Them To Cows
https://is.gd/A0hGi6
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:53 PM (DU+/6)
Posted by: 18-1 at January 24, 2022 04:53 PM (ESjRY)
I just don't want to be wiped out
==
remember what was it 2008 - market lost 50% of its value or something ridiculous like that. gained it all back and a lot more since then. Granted it was because they dialed interest to zero and let the banks invest in the stonk market with free money, but still. As long as you weren't retiring in 2008, or 2009 or 2010 you were okay. It's going to tank a bit once they turn off the free money. Which they are going to have to do pretty soon.
Posted by: i think this applies at January 24, 2022 04:53 PM (zqgUS)
Posted by: rhomboid at January 24, 2022 04:53 PM (HyGvN)
Posted by: Bete at January 24, 2022 04:53 PM (F9322)
Posted by: Joe Biden at January 24, 2022 04:53 PM (iDcra)
Posted by: Indignatio Vindicatorem
I must live a charmed life - hit the liquor store early today. Found a bottle of Rittenhouse Rye and decided to try out Balcones Texas Pot Still Bourbon among others.
Posted by: Tonypete at January 24, 2022 04:53 PM (mD/uy)
Posted by: gourmand du jour at January 24, 2022 04:49 PM (jTmQV)
This is why they want to get rid of Covid fear and mandates all of a sudden.
They need us "united" again for war against Russia
Posted by: JoeF. at January 24, 2022 04:53 PM (mR6Gs)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:52 PM (Ynyl9)
More, people over the last couple of years figured out they NEED human contact... and you get that going to the gym, not by riding an exercise bike at home.
Posted by: Romeo13 at January 24, 2022 04:53 PM (oHd/0)
Posted by: Dr Spank at January 24, 2022 04:53 PM (ciNt1)
Posted by: thathalfrican - The One at January 24, 2022 04:53 PM (YglAn)
Posted by: ShainS -- Beware the Branch Covidians at January 24, 2022 04:53 PM (CtltA)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:51 PM (z5Vrg)
and sometimes they change the rules. I had some bank stock go to zero back in 2008 when the government arbitrarily changed reserve requirements for non-Democrat affiliated banks.
Posted by: G'rump928(c) at January 24, 2022 04:53 PM (yQpMk)
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:54 PM (5pTK/)
I don't know. Even the cheap stuff is really expensive. And it keeps going up.
Posted by: Christopher R Taylor at January 24, 2022 04:54 PM (KZzsI)
I was at the grocery store this weekend. Milk and eggs were nowhere to be found. Crackers, for some reason, were nowhere to be found.
Meat was at least 30% costlier than normal.
Posted by: bonhomme at January 24, 2022 04:54 PM (RaNzC)
Posted by: Tim Riggins at January 24, 2022 04:54 PM (ZZK0E)
Fed Chairman gives a statement this Wednesday, and he had to keep stocks floating, but appear to fight inflation. Maybe today was WallStreet's warning to him that they like their free money thank-you-very-much, and he better not think of taking their punch bowl away?
Posted by: illiniwek at January 24, 2022 04:54 PM (Cus5s)
Posted by: Martini Farmer at January 24, 2022 04:55 PM (BFigT)
Everyone would be happy and then slowly they could've gotten every single fucking thing they wanted.
And the punchy would've been the new FDR which is what he wanted instead of a hated pile o' poo which is what he is.
Posted by: naturalfake at January 24, 2022 04:55 PM (OMayC)
If the aggressive stocks are NASDAQ, get out of those.
Posted by: Clutch at January 24, 2022 04:55 PM (9UmRs)
Posted by: Nova local at January 24, 2022 04:49 PM (exHjb)
----------------
Pretty obscure abbreviation, isn't it?
Posted by: Deplorable Jay Guevara at January 24, 2022 04:55 PM (YqDXo)
"Filler" and Soy are cheap. I imagine the profit margin for Fake Meat products is quite high.
Cellulose is the filler they want us to consume with their Soybean and Corn crap.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:55 PM (v2fyE)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:55 PM (Ynyl9)
Posted by: Anti doesn't matter at January 24, 2022 04:52 PM (sUMfc)
Crocs Footwear is up two and a half today.
Posted by: Cicero (@cicero43) at January 24, 2022 04:55 PM (guGkK)
What a WONDERFUL way to start Retirment.
Posted by: Romeo13 at January 24, 2022 04:55 PM (oHd/0)
Posted by: Blanco Basura - moronhorde.com. Not insurgents, counterrevolutionaries. at January 24, 2022 04:55 PM (SchxB)
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:55 PM (f4mjo)
I'm in mutual funds covering several different sectors and all hit in this downturn. No benefit to selling at this point but being retired, it is a nerve wracking situation. I don;t think anything will change until November and a lot of harm can happen until then.
Posted by: sharon(willow's apprentice) at January 24, 2022 04:55 PM (Y+l9t)
Posted by: i think this applies
I'd really like for Trump to pull a coup and take over the economy. Remember the good economy... like a year ago?
Posted by: Wyatt Earp at January 24, 2022 04:55 PM (XSRBF)
Posted by: Infidel at January 24, 2022 04:52 PM (qpolg)
They could afford to.
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:55 PM (f4mjo)
Posted by: aelfheld at January 24, 2022 04:55 PM (Zy9Yy)
Looks like Biden will hit that mark at around 1.5 years.
Posted by: 18-1 at January 24, 2022 04:55 PM (ESjRY)
Posted by: Romeo13 at January 24, 2022 04:53 PM (oHd/0)
--------
"THE PEOPLE AT THE GYM ARE ALL ATTEMPTED MURDERERS TRYING TO KILL ME WITH THE VIRUS, H8R!" -- Big Karen
Posted by: ShainS -- Beware the Branch Covidians at January 24, 2022 04:56 PM (CtltA)
Congress.
Can't pass an Enabling Act without troops present in the House and Senate chambers, after all.
Posted by: Droolin' Joe Biden! at January 24, 2022 04:56 PM (I2/tG)
Posted by: All Hail Eris at January 24, 2022 04:56 PM (zqYE5)
/heavy sarc
Posted by: exdem13 at January 24, 2022 04:56 PM (W+kMI)
Everyone would be happy and then slowly they could've gotten every single fucking thing they wanted.
And the punchy would've been the new FDR which is what he wanted instead of a hated pile o' poo which is what he is.
Posted by: naturalfake at January 24, 2022 04:55 PM (OMayC)
At the risk of sounding terse and not meaning to, if they wanted to continue what Trump was doing they wouldn't have stolen the election.
Posted by: ... at January 24, 2022 04:56 PM (dscaa)
Posted by: IC - #FJB at January 24, 2022 04:56 PM (hV9ir)
Posted by: Hands at January 24, 2022 04:56 PM (786Ro)
Everyone would be happy and then slowly they could've gotten every single fucking thing they wanted.
----------------
Yeah, but Biden was in the pocket of the hard-left, and they wanted communism NOW.
Posted by: Deplorable Jay Guevara at January 24, 2022 04:56 PM (YqDXo)
I have my best people hunting them down. They can't hide forever.
Posted by: Merrick Garland at January 24, 2022 04:56 PM (FJYfm)
Posted by: ace
---
better buy some bread, folks, because the answer is yes and the next answer is, er will be, "a loaf of bread costs $200."
Posted by: Tim Riggins at January 24, 2022 04:56 PM (ZZK0E)
Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:52 PM (Ynyl9)
Virtual Biking has to be out there some where. Riding an exercise bike might be a great workout but it's boring as hell. I'd buy a virtual exercise bike. Biking the Alps would be cool
Posted by: Anti doesn't matter at January 24, 2022 04:56 PM (sUMfc)
Posted by: Mortimer Duke at January 24, 2022 04:56 PM (QzkSJ)
Posted by: Merrick Garland
---
lol, domestic terrorists are gouging the stock market for purely personal political reasons.
Posted by: Tim Riggins at January 24, 2022 04:57 PM (ZZK0E)
Posted by: Hands at January 24, 2022 04:49 PM (786Ro)
Yeah, well, he's really doing a lot better than anyone could have expected.
Posted by: blaster at January 24, 2022 04:57 PM (9otr5)
Posted by: sniffybigtoe at January 24, 2022 04:57 PM (UuD2k)
Posted by: AlaBAMA at January 24, 2022 04:57 PM (4fSQf)
Posted by: Skip at January 24, 2022 04:57 PM (2JoB8)
Posted by: All Hail Eris at January 24, 2022 04:56 PM (zqYE5)
Endorsed.
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:57 PM (f4mjo)
Posted by: neverenoughcaffeine at January 24, 2022 04:57 PM (2NHgQ)
Posted by: IC - #FJB at January 24, 2022 04:57 PM (hV9ir)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 04:47 PM (z5Vrg)
This is a non-zero possibility
==
but if that happens your money wasn't going to do you any good anyway. You need a couple miniguns, some arty, a well, a couple hundred chickens, some goats, and an oil well would be nice.
Posted by: i think this applies at January 24, 2022 04:57 PM (krr9p)
Posted by: Jen Psaki at January 24, 2022 04:58 PM (4n6fw)
Now the "we beat COVID, celebrate people" faction of the Bidne junta see collapse around the corner and are getting desperate.
Meanwhile the "COVID PARTY DON'T STOP!" faction does not care.
Posted by: 18-1 at January 24, 2022 04:58 PM (ESjRY)
Posted by: sniffybigtoe
Also yes.
Posted by: Wyatt Earp at January 24, 2022 04:58 PM (XSRBF)
Meat was at least 30% costlier than normal.
Posted by: bonhomme at January 24, 2022 04:54 PM (RaNzC)
Yeah, I don't see any crackers at my grocery store either yesterday. Not even the Kroger brand ones.
Posted by: Thrawn at January 24, 2022 04:58 PM (Rl7KJ)
So I kind of butchered the story, but it did have to do with Marie Antoinette and her hubs Louis XVI:
https://tinyurl.com/4bpdz4dz
Posted by: kallisto at January 24, 2022 04:58 PM (DJFLF)
Posted by: Jordan61 at January 24, 2022 04:58 PM (Ez6QX)
On the upside, there's nothing you can do to preserve wealth in that event, if you're not already wealthy enough to afford a castle, so at least there's no point in worrying about it.
Posted by: Methos at January 24, 2022 04:58 PM (kOpft)
i put it up
Posted by: ace
Ace left out the skull because he was trying not to overpromise
we need a sustainable plant-based skull.
Posted by: Kulak Anachronda, behind the Newsom curtain at January 24, 2022 04:58 PM (oY6Yp)
How many banks are only holding on because they're getting money from the fed for free?
One run on one bank will crash all the rest ....
Posted by: Well at January 24, 2022 04:58 PM (cdHtX)
Posted by: neverenoughcaffeine at January 24, 2022 04:57 PM (2NHgQ)
Well now I don't want to any more.
Posted by: hogmartin at January 24, 2022 04:58 PM (P4LRL)
They need to just chill and have a margarita or go kick-boxing.
Posted by: publius, Rascally Rapscallion (Mzdiz) at January 24, 2022 04:58 PM (Mzdiz)
===\
Oh its an op all right. But, your emotional reaction to it, is just the icing on their cake.
Posted by: i think this applies at January 24, 2022 04:58 PM (QGq7R)
___________
Maybe he should just call them raaaaacists or white supremacists or something.
That always helps!
Posted by: TrivialPursuer--F*ck Joe Biden at January 24, 2022 04:58 PM (k4dH2)
Posted by: Boss Moss at January 24, 2022 04:58 PM (todmg)
Posted by: 18-1 at January 24, 2022 04:55 PM (ESjRY)
Yeah, no. Have you been to the grocery lately? I think its done.
Posted by: blaster at January 24, 2022 04:59 PM (9otr5)
Posted by: Tim Riggins at January 24, 2022 04:57 PM (ZZK0E)
---------------
Wreckers, hoarders, and saboteurs? Sic the NKVD on them!
Posted by: Deplorable Jay Guevara at January 24, 2022 04:59 PM (YqDXo)
Its not a "stock market" its a "market of stocks". So the basics (also known as fundamentals) apply when investing i.e. evaluate your stock purchase on earnings, debt, dividends, growth potential etc etc etc.
For example; BTI (British Tobacco) was up a buck a share today AND pays a dividend of over 7% (per share).
If you been speculating, you got mossed the last few weeks.
Full Disclosure; I own BTI
Posted by: Muthaucker at January 24, 2022 04:59 PM (en2M8)
Posted by: Mortimer Duke at January 24, 2022 04:59 PM (guGkK)
Posted by: Defenestratus at January 24, 2022 04:59 PM (ZDwIQ)
Posted by: kallisto at January 24, 2022 04:59 PM (DJFLF)
------------------
To Occupy Wall Street?
Posted by: Deplorable Jay Guevara at January 24, 2022 04:59 PM (YqDXo)
Posted by: Jane D'oh at January 24, 2022 04:59 PM (ptqGC)
Posted by: IC - #FJB at January 24, 2022 04:57 PM (hV9ir)
-------------
Yeah, it was like entering bizarro world when I was in CA to pick up the rest of our furniture. $3.26 for gasoline here, around $5, or more, just over the border.
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:59 PM (5pTK/)
Posted by: Thrawn at January 24, 2022 04:58 PM (Rl7KJ)
I had to get the small box of Chicken in a biscuit!
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:59 PM (f4mjo)
I'm paying about 50-60% more for grocery from when Trump left office, but the inflationary prices are accelerating.
Posted by: 18-1 at January 24, 2022 04:59 PM (ESjRY)
==
Oh geez, let's see. back of the envelope calculation . . .
yeah, that's got it --- ALL OF THEM.
Posted by: i think this applies at January 24, 2022 05:00 PM (YubW7)
Posted by: Chunky Cheese at January 24, 2022 05:00 PM (5aWFq)
do i have to wear a mask when i jump?
Posted by: Kulak Anachronda, behind the Newsom curtain at January 24, 2022 05:00 PM (oY6Yp)
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:59 PM (5pTK/)
you escaped at a good time.
Posted by: IC - #FJB at January 24, 2022 05:00 PM (hV9ir)
Really a dangerous situation here.
No inventory because no transportation or workers. Massive inflation, now recession. People lose jobs and the whole situation gets much worse. One end of the snake is eating the other.
Posted by: AlaBAMA at January 24, 2022 05:00 PM (4fSQf)
---
those jerry-rigged charts showing how awesome Biden is, if you squint and compare Trumps days 1022-1233 to Biden's day 40-43 are going to have be updated.
Posted by: Tim Riggins at January 24, 2022 05:00 PM (ZZK0E)
Posted by: Muthaucker at January 24, 2022 04:59 PM (en2M
How much do they hit you with foreign taxes?
Posted by: sniffybigtoe at January 24, 2022 05:00 PM (UuD2k)
Posted by: Capital Eff at January 24, 2022 05:00 PM (GYllL)
Posted by: Merrick Garland
you should totes look at south american cattle hands.
Posted by: BifBewalski @ (IJES/) - at January 24, 2022 05:00 PM (IJES/)
Posted by: Aetius451AD Work Laptop at January 24, 2022 04:59 PM (f4mjo)
This cannot stand.
Posted by: Mr Aspirin Factory at January 24, 2022 05:01 PM (mdaT8)
Posted by: 18-1 at January 24, 2022 04:55 PM (ESjRY)
Yeah, no. Have you been to the grocery lately? I think its done.
Posted by: blaster at January 24, 2022 04:59 PM (9otr5)
-----------------
My wife was about to buy spare ribs she saw on a store's website for $12. By the time she got there, they were $20. I'm not making this up.
Posted by: Deplorable Jay Guevara at January 24, 2022 05:01 PM (YqDXo)
Posted by: Wyatt Earp at January 24, 2022 04:45 PM (XSRBF)
=================
Wyatt, do you have an advisor?
Informally the general advice they offer goes something like this: unless you like trading, and if you won't need your money for several months or years, just leave it alone and don't think about it.
When markets go up, they rise just as suddenly as this downdraft you've been seeing. To benefit from fast improving markets you have to stay invested, and suffer through the crashes and the do-nothing bear markets.
Traders love market volatility like this because they trade stocks they know well. But most people are investors and you cannot really time a market. Invest and keep investing.
So make your decision, based on your time horizon and the risk you can tolerate. If market crashes make you feel terrible, sell out and batten down the hatches.
Posted by: Huck Follywood, Break The Teachers Unions at January 24, 2022 05:01 PM (1Q2Jm)
Posted by: Barack Obama at January 24, 2022 05:01 PM (ESjRY)
Posted by: Villagers with torches at January 24, 2022 05:01 PM (Yu9rW)
Posted by: Jordan61 at January 24, 2022 05:01 PM (Ez6QX)
Posted by: Tim Riggins at January 24, 2022 05:01 PM (ZZK0E)
Posted by: Cicero (@cicero43) at January 24, 2022 05:01 PM (guGkK)
getting what they "voted" for, good and hard ! LOL !
*invokes "5 o'clock somewhere" clause*
Posted by: sock_rat_eez (9CuDT) at January 24, 2022 05:01 PM (9CuDT)
Posted by: Martini Farmer at January 24, 2022 05:01 PM (BFigT)
Posted by: Thrawn
At Aldi's this morning crackers were in good supply. Not only the Aldi's brand stuff but the Ritz, Cheeze Its, Wheat Thins, etc.
But, a monster empty space where Ramen noodles would be. Nothing, nada, zip, zilch.
Posted by: Tonypete at January 24, 2022 05:01 PM (mD/uy)
Posted by: ... at January 24, 2022 05:01 PM (dscaa)
Again, what the Fed has been doing for the last 14 years or so. Behold the monetary base:
https://fred.stlouisfed.org/
series/BOGMBASE
Posted by: publius, Rascally Rapscallion (Mzdiz) at January 24, 2022 05:01 PM (Mzdiz)
I'm paying about 50-60% more for grocery from when Trump left office, but the inflationary prices are accelerating.
Posted by: 18-1 at January 24, 2022 04:59 PM (ESjRY)
--------
Yep, its getting bad.
Posted by: WisRich at January 24, 2022 05:02 PM (G0vdT)
There's no way out of this, Dems can't "not" try throwing trillions at their cronies.
Curious if a tax increase is now off the table, usually the spending bills are the easy part and the tax increases are what's hard.
Posted by: Blago at January 24, 2022 05:02 PM (ThPIN)
Posted by: exdem13 at January 24, 2022 05:02 PM (W+kMI)
Posted by: Skip at January 24, 2022 05:02 PM (2JoB8)
I was never rah rah for huge businesses, only smaller ones. Citi Bank, Amazon, stuff like that can go to hell.
Posted by: Christopher R Taylor at January 24, 2022 05:02 PM (KZzsI)
Posted by: Jordan61 at January 24, 2022 05:01 PM (Ez6QX)
rude food
People just don't get it. If you're going to eat stinky, take it outside
Posted by: kallisto at January 24, 2022 05:02 PM (DJFLF)
No mention about Brandon reversing all of Trump's
de-regulation activity. No mention that Brandon has re-regulated this economy to death. Literally.
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:02 PM (1Avgt)
Posted by: Tim Riggins at January 24, 2022 05:02 PM (ZZK0E)
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:02 PM (DU+/6)
Posted by: Droolin' Joe Biden! at January 24, 2022 05:02 PM (I2/tG)
Posted by: sideny at January 24, 2022 05:02 PM (LJJah)
Posted by: Jordan61 at January 24, 2022 05:01 PM (Ez6QX)
what, no sardines?
Posted by: Chunky Cheese at January 24, 2022 05:02 PM (5aWFq)
==
Those days are gone forever, you'd need a magic wand to bring it back.
Posted by: the people who want you to settle for misery and want at January 24, 2022 05:02 PM (zqgUS)
Posted by: 18-1 at January 24, 2022 04:59 PM (ESjRY)
------------------
That's the problem: inflationary expectations drive subsequent inflation.
Posted by: Deplorable Jay Guevara at January 24, 2022 05:02 PM (YqDXo)
I had to run by and pick up a packet for a church Zoom meeting this evening. Saw a Biden sticker on a car, and as expected, the woman who got out was masked and had that angry, crazy look in her eyes.
They're at least easy to identify now.
Posted by: Jane D'oh at January 24, 2022 05:02 PM (ptqGC)
----
I watched the fourth installment of Amazon's Top-Gear replacement show where Jeremy and the boys take the piss out of France and all things French, they said in France, it's illegal to eat lunch at your desk.
Posted by: Tim Riggins at January 24, 2022 05:03 PM (ZZK0E)
Posted by: YIKES! at January 24, 2022 05:03 PM (t6XCL)
I'm broadly invested! AMC, Gamestop, Dogecoin, NFTs...what could go wrong?
Posted by: Millennial Ape Investor at January 24, 2022 05:03 PM (JCZqz)
Posted by: Puddin Head at January 24, 2022 04:38 PM (0chEi) "
only thing he ever said that was believable.
Posted by: sock_rat_eez (9CuDT) at January 24, 2022 05:03 PM (9CuDT)
Posted by: Chunky Cheese at January 24, 2022 05:02 PM (5aWFq)
I should bring some tomorrow. And burnt popcorn.
Posted by: Jordan61 at January 24, 2022 05:03 PM (Ez6QX)
Posted by: Jane D'oh at January 24, 2022 05:03 PM (ptqGC)
Posted by: Anti doesn't matter at January 24, 2022 05:04 PM (sUMfc)
The coof didn't thin the herd quite like they had hoped for.
Posted by: Notorious BFD at January 24, 2022 05:04 PM (Xrfse)
Its not a sign of the apocalypse like a Lions Superbowl. I still remember the Ikky shuffle
Posted by: Christopher R Taylor at January 24, 2022 05:04 PM (KZzsI)
Posted by: kallisto
Girl!! Phrasing please!
Posted by: Tonypete at January 24, 2022 05:04 PM (mD/uy)
that doesn't count the 6-16% that are "FunEmployed", not working but still collecting a check from BigBrother.
I think the worker participation rate has gone down while unemployment also magically went down. Due to government paying as well as staying home, I hear .. haven't really checked the stats lately.
Posted by: illiniwek at January 24, 2022 05:04 PM (Cus5s)
Posted by: nurse ratched at January 24, 2022 05:04 PM (W2Pud)
Posted by: Tim Riggins at January 24, 2022 05:04 PM (ZZK0E)
Posted by: i think this applies at January 24, 2022 04:57 PM (krr9p)
That is an oddly specific list.
Posted by: blaster at January 24, 2022 05:04 PM (9otr5)
Posted by: O.J. Simpson at January 24, 2022 05:04 PM (UHVv4)
No fresh chicken of any kind
No fresh salmon (I went to Safeway and got the last piece of fresh salmon they had)
No saltines
Might have been missing more, but it was the meat/fish department that was wiped out. I did get some of their never any ground pork for $3.99/lb b/c carrots were uber cheap and egg roll bowls might be my next Sunday food thread contribution...
Aldi's raw honey was also up $1 (didn't buy) - my natural peanut butter was up $.50 (didn't buy) - I had been buying both expecting a bump, but it was sad to see it happen...
Posted by: Nova local at January 24, 2022 05:04 PM (exHjb)
Posted by: Deplorable Jay Guevara at January 24, 2022 05:02 PM (YqDXo)
++++
Yup. Here's a real-life example.
My house will need a roof in as few as three years and as many as five. I can afford to do it right now. Do I try to beat inflation by replacing it early? If I do, I will contribute to inflationary pressure. If I don't, it will likely cost me a lot more. What is my time worth versus how I *expect* inflation to go? Is throwing away three years' worth of roof worth it given where I expect costs to go?
I haven't answered these questions and made a decision yet, but I am definitely not the only one asking them.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:05 PM (DU+/6)
Posted by: Wolfus Aurelius at January 24, 2022 05:05 PM (txdEq)
I did that last year. Sitting pretty now, especially since I didn't take a lot of cash out and still have a principal well below market value.
Posted by: Citizen Cake at January 24, 2022 05:05 PM (HmZuC)
Posted by: ... at January 24, 2022 05:05 PM (dscaa)
"let me just warm this up in the microwave first"
Posted by: Christopher R Taylor at January 24, 2022 05:05 PM (KZzsI)
At the risk of sounding terse and not meaning to, if they wanted to continue what Trump was doing they wouldn't have stolen the election.
Posted by: ... at January 24, 2022 04:56 PM (dscaa)
Well, they wanted to be in power and they wanted their agenda, so there's your stolen election.
But, their an intelligent way to get what you want and a stupid way, and they chose not only the stupid way, but-
the catastrophically stupid way.
Add in their red hot racism and you got a great recipe for societal collapse.
Posted by: naturalfake at January 24, 2022 05:05 PM (OMayC)
And I'm telling you our small second moon we just found is not a natural satellite. I'm not saying its aliens...but its ALIENS!
Posted by: Giorgio A. Tsoukalos's decendant in 10,000 years at January 24, 2022 05:05 PM (ESjRY)
Posted by: Hands at January 24, 2022 05:05 PM (786Ro)
Posted by: 18-1
Y'all do not do wonders for my peace of mind. Just as I'm trying to put the numbers together to get a place again, too.
Posted by: Brother Tim has nothing much to say, lately at January 24, 2022 05:05 PM (OUMaO)
de-regulation activity. No mention that Brandon has re-regulated this economy to death. Literally.
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:02 PM (1Avgt)
On the one hand, I wonder if they really believed their own hype and that the economy was primed to do great by Obama and Trump merely reaped the benefit.
On the other, looking increasingly likely, that they want to collapse everything and blame capitalism.
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:05 PM (f4mjo)
====
People who bring brussels sprouts for lunch should be thrown off the roof of their workplace.
Posted by: exdem13 at January 24, 2022 05:05 PM (W+kMI)
They eat limburger cheese and stuff
Posted by: kallisto at January 24, 2022 05:05 PM (DJFLF)
The date when everything went to shit.
Posted by: YIKES! at January 24, 2022 05:03 PM (t6XCL)
The shutdowns happened long before that.
Posted by: Anti doesn't matter at January 24, 2022 05:05 PM (sUMfc)
Imagine all the cleanup work that will need to be done after the nukes go off!
Posted by: Droolin' Joe Biden! at January 24, 2022 05:05 PM (I2/tG)
Posted by: john kerry at January 24, 2022 05:05 PM (UHVv4)
Posted by: Minuteman at January 24, 2022 05:05 PM (LaNzR)
Posted by: Tim Riggins at January 24, 2022 05:03 PM (ZZK0E)
-----------------
Didn't SF pass a law like that?
Posted by: Deplorable Jay Guevara at January 24, 2022 05:05 PM (YqDXo)
Inflation is just getting started -- not even in high gear yet. Spring and into summer it's going to get in high gear and will be brutal. The Fed is between a rock and hard place, having put monetary policy into the coffin corner of the envelope.
Posted by: publius, Rascally Rapscallion (Mzdiz) at January 24, 2022 05:05 PM (Mzdiz)
The only way out of this is higher rates, real normal growth and the government slashing taxes and cutting spending by a lot.
Posted by: AlaBAMA at January 24, 2022 05:05 PM (4fSQf)
Posted by: Indignatio Vindicatorem at January 24, 2022 05:05 PM (oWBc3)
==
It is written that should a tiger win, in a contest of strength, a large bowl, then the Sardo Numspa will rise and rule over the World. Until the golden scalp weasel cometh!!
Posted by: Script treatment at January 24, 2022 05:06 PM (HycnW)
Posted by: Chunky Cheese at January 24, 2022 05:02 PM (5aWFq)
I should bring some tomorrow. And burnt popcorn.
Posted by: Jordan61 at January 24, 2022 05:03 PM (Ez6QX)
I had a colleague that brought split pea soup for lunch one day, which is fine. Except pea gave him terrible gas so he spent the whole afternoon in his office, farting away. We made him close his door even though he did not care for it.
Posted by: IC - #FJB at January 24, 2022 05:06 PM (hV9ir)
---
you are required to drink coffee for two hours at un cafe and talk about philosophy
Posted by: Tim Riggins at January 24, 2022 05:06 PM (ZZK0E)
They orchestrated the supply chain "crisis" and are now orchestrating the movement of food and goods across borders by attacking the truckers with mandates.
As the truckers are mobilizing protests in the US and up in Canada, it's not getting much play. I heard that the tax-payer funded socialist arm of the gov media up in Canada called the CBC reported that the truckers were protesting the conditions of the roads they drive on, not liberty and freedom and no experimental poison jab mandates. I have to look this up but I believe it. It's an all out war on the truth.
Posted by: artisanal ette at January 24, 2022 05:06 PM (xKKnI)
==
Those days are gone forever, you'd need a magic wand to bring it back.
Posted by: the people who want you to settle for misery and want at January 24, 2022 05:02 PM
The Good News: Biden won't last longer than 2024.
The Bad News: You're not guaranteed someone better
The Ugly News: even if someone better is elected, a global cabal of mega-corporations, governments and entrenched US bureaucrats will cripple meaningful, positive change
Posted by: Political Prognosticator at January 24, 2022 05:06 PM (JCZqz)
Posted by: Tonypete at January 24, 2022 05:04 PM (mD/uy)
I'm sorry! I had a mental break...was so traumatized that Chicken in a Biskit is still out there...and people are eating them!!@!!
Posted by: kallisto at January 24, 2022 05:06 PM (DJFLF)
Posted by: nurse ratched
Speak for yourself. I feel like I'm staring my fate down day by day.
Posted by: Brother Tim has nothing much to say, lately at January 24, 2022 05:07 PM (OUMaO)
You try leftover fish head and rice? I heat in microwave.
Posted by: Taiwanese Office Worker at January 24, 2022 05:07 PM (GYllL)
Posted by: Jinx the Cat at January 24, 2022 05:07 PM (wZxsP)
What people will wish for in 2022: Food. Peace. Not being arrested for saying the wrong thing.
Posted by: 18-1 at January 24, 2022 05:07 PM (ESjRY)
Posted by: Citizen Cake at January 24, 2022 05:05 PM (HmZuC)
Same here. Refi'ed at 2.5% last August.
Posted by: Jordan61 at January 24, 2022 05:07 PM (Ez6QX)
Posted by: Anti doesn't matter at January 24, 2022 05:04 PM (sUMfc)
++++
I disagree. He did a lot more than stay out of the way. His regulatory reform was gigantic in terms of its importance. His going hard on China was very important, too, as well as Mexico. He used trade policy as a foreign policy tool for the first time in a long time. The tax reform helped as well. His energy policy was a great multiplier. He took a lot of meaningful actions on the economy.
Until COVID. If Trump were still in control, we'd still have some inflation. He did a lot of damage with COVID response. I do not think it would be this bad at all, in part because of forward expectations and in part because he wouldn't have turfed our energy and trade policies.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:07 PM (DU+/6)
I think they are tasty
. There aren't many crackers I do not like though.Posted by: Christopher R Taylor at January 24, 2022 05:08 PM (KZzsI)
just looked out the window and it's still light out. there's hope. the chair is against the door. john has a long mustache.
Posted by: Tim Riggins at January 24, 2022 05:08 PM (ZZK0E)
Posted by: PaleRider is simply irredeemable at January 24, 2022 05:08 PM (3cGpq)
My house will need a roof in as few as three years and as many as five. I can afford to do it right now. Do I try to beat inflation by replacing it early? If I do, I will contribute to inflationary pressure. If I don't, it will likely cost me a lot more. What is my time worth versus how I *expect* inflation to go? Is throwing away three years' worth of roof worth it given where I expect costs to go?
I haven't answered these questions and made a decision yet, but I am definitely not the only one asking them.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:05 PM (DU+/6)
------------------
Labor takes a look at inflation, and wants pay raises that exceed inflation. Which in turn drives more inflation in the classic inflationary spiral.
Posted by: Deplorable Jay Guevara at January 24, 2022 05:08 PM (YqDXo)
Posted by: gourmand du jour at January 24, 2022 05:08 PM (jTmQV)
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:08 PM (f4mjo)
Posted by: Archer at January 24, 2022 05:08 PM (gmo/4)
Posted by: Chunky Cheese at January 24, 2022 05:08 PM (5aWFq)
Posted by: Minuteman at January 24, 2022 05:05 PM (LaNzR)
If the dollar goes into hyperinflation, the market will hyperinflate with it, offsetting most but not all of the losses. Remember that stock represents an ownership interest in actual stuff, like Coca Cola's factories.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:08 PM (z5Vrg)
- Barry
If anything, I've over-delivered.
- Joe
Posted by: Grudge Harbor at January 24, 2022 05:08 PM (wBpKf)
These traitors will not go unpunished!
Posted by: Droolin' Joe Biden! at January 24, 2022 05:09 PM (I2/tG)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:09 PM (Y+l9t)
FJB: Hold my Aricept.
Posted by: Cat Ass Trophy at January 24, 2022 05:09 PM (F4b8f)
*Laughs in durian*
Posted by: Citizen Cake at January 24, 2022 05:09 PM (HmZuC)
Posted by: Weasel at January 24, 2022 05:09 PM (0IeYL)
I just don't want to be wiped out
Posted by: Wyatt Earp
You're gonna write a book, right ?
RIGHT ?
Posted by: JT at January 24, 2022 05:09 PM (arJlL)
I follow a guy on YouTube who puts out different bodyweight workouts (squats, pushups, whatnot). It's kind of nice to have someone else put it together with visual and audio time prompts and music and all that. He also has different workouts for different skill levels.
Posted by: bonhomme at January 24, 2022 05:09 PM (RaNzC)
I've gotta say the fentanyl have gotten even better under President...uh...who is the president again? Bitcoin? Oh yeah I heard of him, totally approve.
Now, uh, do I get my $50 now? Or do I have to blow you first?
Posted by: Some Biden supporter at January 24, 2022 05:09 PM (ESjRY)
What are you, a commie?
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:08 PM (f4mjo)
I'm not a fan. I honestly thought they went away, like in 1983
Posted by: kallisto at January 24, 2022 05:10 PM (DJFLF)
I'm really asking for specifics, what are these people taking advantage of? I know people got a couple one time checks, but that basically pays a few months of an electric bill. You can't live off that. At least in my state, UE benefits ran out.
Posted by: Blago at January 24, 2022 05:10 PM (ThPIN)
My house will need a roof in as few as three years and as many as five. I can afford to do it right now. Do I try to beat inflation by replacing it early? If I do, I will contribute to inflationary pressure. If I don't, it will likely cost me a lot more. What is my time worth versus how I *expect* inflation to go? Is throwing away three years' worth of roof worth it given where I expect costs to go?
I haven't answered these questions and made a decision yet, but I am definitely not the only one asking them.
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:05 PM (DU+/6)
Wait it out till the next big wind or hail storm.. then find a friendly roofing company to do an estimate on hail damage.
Have insurance buy a new roof.
Posted by: Inogame at January 24, 2022 05:10 PM (53oGX)
Brother Tim, has "geoff" been around at that other blog lately?
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:10 PM (v2fyE)
Posted by: i think this applies at January 24, 2022 04:57 PM (krr9p)
That is an oddly specific list.
==
Well you can't McGyver this stuff up. You can fix up a still pretty easy for hooch. The other thing that 's tough is pharmaceuticals. Get a book on herbal medicine, wilderness meds. Marry a pharmacist and stock pile.
Posted by: Oddly specific person at January 24, 2022 05:10 PM (zqgUS)
No mention about Brandon reversing all of Trump's
de-regulation activity. No mention that Brandon has re-regulated this economy to death. Literally.
=========
Remember, Brandon is being propped up by a junta of Obummer's hard left minions to make sure the agenda gets accomplished without fail this time. Jen Psaki said so. And the old white man gets to be the fall guy. Not that will save any of them.
Posted by: exdem13 at January 24, 2022 05:10 PM (W+kMI)
Name one "bad thing," tool bag.
Posted by: Jane D'oh at January 24, 2022 05:10 PM (ptqGC)
Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:10 PM (g43JH)
Posted by: Archer
Uncle Roger reviews Rachel Ray's Pho
Spoiler: He doesn't like it - at all
https://youtu.be/bDi__5FcebM
Posted by: Tonypete at January 24, 2022 05:11 PM (mD/uy)
Fell to 62.5 in October 2015, recovered some under Trump as the trend down reversed, that was stopped dead in its tracks with Plandemic.
December 2021 it was 61.9
Fred Charts
https://is.gd/GFCUUw
Posted by: illiniwek at January 24, 2022 05:11 PM (Cus5s)
The Allstate Mayhem commercials with stationary bikes are hilarious!
Posted by: Archer at January 24, 2022 05:11 PM (gmo/4)
Posted by: Goldilocks at January 24, 2022 05:11 PM (hUjT1)
Posted by: Inogame at January 24, 2022 05:11 PM (53oGX)
Posted by: sock_rat_eez (9CuDT) at January 24, 2022 05:01 PM (9CuDT)
ahem
Posted by: blaster at January 24, 2022 05:11 PM (9otr5)
I bought some whole-grain crackers, their brand, and will grab some more at the Dollar Twenty-Five store tonight.
Posted by: Wolfus Aurelius at January 24, 2022 05:12 PM (txdEq)
Posted by: Jane D'oh at January 24, 2022 05:12 PM (ptqGC)
Indigo Montoya raises a gloved hand, pauses, and just stalks off muttering darkly under his breath.
Posted by: Anna Puma at January 24, 2022 05:12 PM (J6Mwf)
Posted by: G'rump928(c) at January 24, 2022 05:12 PM (yQpMk)
The equivalent of:
1. You spend nonexistent money (borrowed from the bank) out the butt for a long time.
2. The bank comes and says "Uh... now you owe us $5,000,000 plus a shitload of interest for all that shit you bought on our dime and haven't repaid".
3. You say "Okay I'll give you 10 cents, we'll pretend it's $100,000, and then you can be on your merry way. And by the way, kiss your wife's boyfriend for me, fuckboy."
4. They accept.
Posted by: ... at January 24, 2022 05:12 PM (dscaa)
Assuming you're in funds that spread your risk around in major firms, the likelihood of any one company going under and taking your dollars with them is slim.
I'm heavily invested in tech, which is all funny money anyway. Somehow twitter is work a trillion dollars without making a dollar. Shit like that makes me think it's all rigged. I just follow around the big predators like a buzzard getting me some crumbs.
Posted by: AlaBAMA at January 24, 2022 05:12 PM (4fSQf)
Posted by: publius, Rascally Rapscallion (Mzdiz) at January 24, 2022 05:05 PM (Mzdiz)
---------------------
That's my concern: the options for dealing with inflation at this point are bad, very bad, or catastrophically bad.
Posted by: Deplorable Jay Guevara at January 24, 2022 05:12 PM (YqDXo)
Posted by: Chunky Cheese at January 24, 2022 05:12 PM (5aWFq)
Posted by: Blago at January 24, 2022 05:10 PM (ThPIN)
I don't know if this is the answer, but people have been getting their child tax credits monthly instead of getting it after they file their taxes. $300 per kid I think?
Posted by: Jordan61 at January 24, 2022 05:12 PM (Ez6QX)
Posted by: Droolin' Joe Biden! at January 24, 2022 05:12 PM (I2/tG)
Miniguns would not be on my list.
Posted by: 18-1 at January 24, 2022 05:12 PM (ESjRY)
I'm really asking for specifics, what are these people taking advantage of? I know people got a couple one time checks, but that basically pays a few months of an electric bill. You can't live off that. At least in my state, UE benefits ran out.
Posted by: Blago at January 24, 2022 05:10 PM (ThPIN)
It's not mostly the plumbers quitting. Scarcity in the trades has been building for a long time and appears likely to only get worse in the coming decades.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:12 PM (z5Vrg)
Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:12 PM (g43JH)
Posted by: Wolfus Aurelius at January 24, 2022 05:12 PM (txdEq)
Geez I thought this was an Alex post.
Posted by: ... at January 24, 2022 05:13 PM (dscaa)
If a market crash bothers you, then you shouldn't be in the market. In fact, don't even talk about the market. And you should quit posting here. And leave the country.
Posted by: Manly Swinging Dick Market Guy at January 24, 2022 05:13 PM (laUZs)
Posted by: Goldilocks at January 24, 2022 05:11 PM (hUjT1)
--------------
Yeah, I did a "This is America" rant at Mrs. Blake over the empty shelves debacle.
I hope all of the third world citizens we've imported enjoy the homelike atmosphere they're getting in today's America.
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 05:13 PM (5pTK/)
Posted by: Indignatio Vindicatorem at January 24, 2022 05:13 PM (oWBc3)
Posted by: bonhomme at January 24, 2022 05:13 PM (RaNzC)
Posted by: Cat Ass Trophy at January 24, 2022 05:13 PM (F4b8f)
She's the same person who never lifts a hand to help with anything. So no effs given.
Posted by: Jane D'oh at January 24, 2022 05:13 PM (ptqGC)
Posted by: Darth Randall at January 24, 2022 05:13 PM (7TsB3)
Posted by: Moron Robbie - read closely, it's impossible to get a negative result from the free COVID tests at January 24, 2022 05:13 PM (20dEU)
Posted by: Chunky Cheese at January 24, 2022 05:13 PM (5aWFq)
Except for China he just reversed Obama policies. Low hanging fruit IMO. What he didn't do was reduce spending and agree with the Fed to increase interest rates. The Covid response and spending may have irreversibly damaged the economy. That said , of course if Trump was re-elected we would still be in bad shape but not catastrophic shape like now.
Posted by: Anti doesn't matter at January 24, 2022 05:14 PM (sUMfc)
Posted by: Capital Eff at January 24, 2022 05:14 PM (GYllL)
Posted by: Moron Robbie - read closely, it's impossible to get a negative result from the free COVID tests at January 24, 2022 05:14 PM (20dEU)
Ah, the manufactured "global recession" of 2008.
Funny how we slipped into a panic the minute the Fake News and Democrats started a panic.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:14 PM (v2fyE)
Thanks Joeey.
Posted by: Anna Puma at January 24, 2022 05:14 PM (J6Mwf)
By making them gets shots, mask up, and all the other crap they were pushed out of the visible economy.
Posted by: 18-1 at January 24, 2022 05:14 PM (ESjRY)
Posted by: azjaeger at January 24, 2022 05:14 PM (45uJa)
Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:12 PM (g43JH)
Folks like me, had figured we were due a 10% correction.
It hit that point, and like me, a lot of people bought back into the market.
Posted by: Romeo13 at January 24, 2022 05:14 PM (oHd/0)
Posted by: Muthaucker at January 24, 2022 04:59 PM (en2M
How much do they hit you with foreign taxes?
Posted by: sniffybigtoe at January 24, 2022 05:00 PM (UuD2k)
The long name of the company is "British American Tobbaco Plc." There are no foreign taxes.
Posted by: Muthaucker at January 24, 2022 05:15 PM (en2M8)
Posted by: gourmand du jour at January 24, 2022 05:15 PM (jTmQV)
She's the same person who never lifts a hand to help with anything. So no effs given.
Posted by: Jane D'oh at January 24, 2022 05:13 PM (ptqGC)
---
Unless you're Baptists, I don't see the problem.
Posted by: Ace-Endorsed Author A.H. Lloyd at January 24, 2022 05:15 PM (llXky)
Posted by: Martini Farmer at January 24, 2022 05:15 PM (BFigT)
Posted by: Citizen Cake at January 24, 2022 05:15 PM (HmZuC)
Posted by: sharon(willow's apprentice)
This is what I do now also - and I even held my FINRA Series 6 & 7, and 63 licenses years ago. Most of us, no matter how well informed (and these days, it's impossible to get info any quicker that the monster firms) just don't have the time or temperament to routinely beat, or even match the market.
Posted by: Tonypete at January 24, 2022 05:15 PM (mD/uy)
That's how gambling works.
Posted by: Moron Robbie - read closely, it's impossible to get a negative result from the free COVID tests at January 24, 2022 05:15 PM (20dEU)
I think it’s probably just as much his inept weakness. The ability to spend like a drunken sailor requires that a nation not act like a drunken sailor. Once the national leader starts stumbling, stuttering, and falling, it becomes difficult to treat them as anything other than a drunken sailor.
Economies today are all pretend. Once you can no longer pretend, there is no economy.
Posted by: Stephen Price Blair at January 24, 2022 05:15 PM (CX3cf)
Funny how we slipped into a panic the minute the Fake News and Democrats started a panic.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:14 PM (v2fyE)
Ah Yes, the Great Bank Consolidation crises of 2008.
Now the Big Five really ARE too big to fail.
Posted by: Romeo13 at January 24, 2022 05:16 PM (oHd/0)
Posted by: flounder, wrecker, hoarder, saboteur, mourner at January 24, 2022 05:16 PM (SH2Zi)
I ask myself that every day. It's been two freaking years.
Posted by: Notorious BFD at January 24, 2022 05:16 PM (Xrfse)
Posted by: AstroDB at January 24, 2022 05:16 PM (a48q1)
Posted by: bonhomme "
I already figured Vegetable Wheat Thins where ghey.
Posted by: fd at January 24, 2022 05:16 PM (vrz2I)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)
Don't forget Brandon is sending over four "diverse" goons to the Fed to see what a different viewpoint might suggest.
We're boned. Like stegosaurus thighbone up the butthole boned.
Posted by: bonhomme at January 24, 2022 05:16 PM (RaNzC)
Funny how we slipped into a panic the minute the Fake News and Democrats started a panic.
Right before the election, just like 2020.
Posted by: Muthaucker at January 24, 2022 05:17 PM (en2M8)
Posted by: Moron Robbie - read closely, it's impossible to get a negative result from the free COVID tests at January 24, 2022 05:13 PM (20dEU)
Nothing like another "crisis" to start a couple of wars, says Cheney and Co.
Posted by: artisanal ette at January 24, 2022 05:17 PM (xKKnI)
Godsend isn't even the word, and I can't for shame to only pay him what he charges. Whatever we tend to to say about humanity in general, there are people on this Earth that we simply do not deserve.
Posted by: ... at January 24, 2022 05:17 PM (dscaa)
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:17 PM (1Avgt)
Posted by: Matt Harris at January 24, 2022 05:17 PM (g1cnc)
Posted by: Minuteman at January 24, 2022 05:05 PM (LaNzR)
If the dollar goes into hyperinflation, the market will hyperinflate with it, offsetting most but not all of the losses. Remember that stock represents an ownership interest in actual stuff, like Coca Cola's factories.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:08 PM (z5Vrg)
Although that assumes these companies can weather hyperinflation without declaring bankruptcy...
Posted by: Nova local at January 24, 2022 05:17 PM (exHjb)
=========
Sadly every store has also had a 25% price increase in the past 1.5 years. A 5-10% increase in '20, the rest in '21, and I can't imagine what this year will be like. Campbell's Soup is now $2.00 a can, with half the previous selections available. Time to get the torches and agricultural/gardening implements ready.
Posted by: exdem13 at January 24, 2022 05:17 PM (W+kMI)
==
Its unfixable, unless you burn the whole thing down. They wanted to inflate away the debt, 7% a year for a couple of decades and pay china back with cheaper money. However, they couldn't kick inflation into gear because of the technology deflationary effects. So, now they've over cooked it, and there's a shortage on top of too much money. they are going to flop the whole system, they think they can declare an emergency and confiscate your money to pay for their stupid decisions. Sure they can. Watch.
Posted by: Um, its a tax, actually at January 24, 2022 05:17 PM (gW+ga)
Posted by: i think this applies at January 24, 2022 04:57 PM (krr9p)
That is an oddly specific list.
we all know what the goats are for. *nudge* *nudge* say no more!
Posted by: Kulak Anachronda, behind the Newsom curtain at January 24, 2022 05:17 PM (sGtp+)
I ask myself that every day. It's been two freaking years.
Posted by: Notorious BFD at January 24, 2022 05:16 PM (Xrfse)
---
They retired.
Posted by: Ace-Endorsed Author A.H. Lloyd at January 24, 2022 05:17 PM (llXky)
It's the End of the World as We Know It
Posted by: kraken at January 24, 2022 05:17 PM (6Je/Q)
We're boned. Like stegosaurus thighbone up the butthole boned.
Posted by: bonhomme at January 24, 2022 05:16 PM (RaNzC)
Maybe they'll take a page from Erdogan and advocate for rate cuts?
Posted by: Thrawn at January 24, 2022 05:17 PM (Rl7KJ)
I ask myself that every day. It's been two freaking years.
Posted by: Notorious BFD at January 24, 2022 05:16 PM (Xrfse
People were getting essentially paycheck loans against their child tax credits. Also, there was an eviction and student loan moratorium.
Posted by: AlaBAMA at January 24, 2022 05:17 PM (4fSQf)
Posted by: azjaeger at January 24, 2022 05:14 PM (45uJa)
Welcome back my friend, to the show that never ends.
You are now forc-ed to attend...
Wear your mask, come inside...
Posted by: Romeo13 at January 24, 2022 05:17 PM (oHd/0)
Posted by: Theodore at January 24, 2022 05:17 PM (GJnvT)
I need a smaller carry piece or larger pants...
Posted by: Chunky Cheese at January 24, 2022 05:12 PM
second look at open carry?
true fact: a scold of Karens will not accost you in an elevator if you are openly carrying
Posted by: AltonJackson at January 24, 2022 05:18 PM (DUIap)
Ah Yes, the Great Bank Consolidation crises of 2008.
Now the Big Five really ARE too big to fail.
Posted by: Romeo13
Exactly.
Because no one can tell me what's different now from then with Bad Loans.
Nothing was "fixed." It's business as usual. If anything, the banks and credit cards are even more out of control than 2008.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:18 PM (v2fyE)
Posted by: bonhomme at January 24, 2022 05:13 PM (RaNzC)
They prefer the term, "white people," or "Caucasian."
Posted by: flounder, wrecker, hoarder, saboteur, mourner at January 24, 2022 05:18 PM (SH2Zi)
https://is.gd/fal11B
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:18 PM (DU+/6)
Posted by: Just the Punchline at January 24, 2022 05:18 PM (yQpMk)
Posted by: Roy at January 24, 2022 05:18 PM (Ti+Tv)
Posted by: Anna Puma at January 24, 2022 05:18 PM (J6Mwf)
Posted by: AstroDB at January 24, 2022 05:18 PM (a48q1)
Posted by: JT at January 24, 2022 05:18 PM (arJlL)
NASDAQ - up - 86.21 (0.63%)
S&P 500 - up - 12.19 (0.28%)
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:17 PM (1Avgt)
--
Clown world? Propped up by the Fed? Both?
Posted by: Revenant at January 24, 2022 05:18 PM (cOGHc)
NASDAQ - up - 86.21 (0.63%)
S&P 500 - up - 12.19 (0.28%)
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:17 PM (1Avgt)
Dude!!!
Get with the Zeitgeist!
Posted by: kraken at January 24, 2022 05:18 PM (6Je/Q)
That's how gambling works.
Posted by: Moron Robbie - read closely, it's impossible to get a negative result from the free COVID tests at January 24, 2022 05:15 PM (20dEU)
Well say you're in the business of buying cattle. A cow is the same cow, regardless of what you pay for it. Maybe from experience you have some notion of what price might be cheap for a cow, and what price might be expensive. So the fluctuation in prices just becomes buying cows when they're cheap and selling them when they're expensive.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:18 PM (z5Vrg)
Posted by: artisanal ette at January 24, 2022 05:19 PM (xKKnI)
I ask myself that every day. It's been two freaking years.
Posted by: Notorious BFD at January 24, 2022 05:16 PM (Xrfse)
---
They retired.
Posted by: Ace-Endorsed Author A.H. Lloyd at January 24, 2022 05:17 PM (llXky)
There are also a LOT of Women, who were in the workplace, but now pretty much have to stay home, because you can't rely on your kid's school being open.
Posted by: Romeo13 at January 24, 2022 05:19 PM (oHd/0)
Posted by: fd at January 24, 2022 05:19 PM (vrz2I)
NASDAQ - up - 86.21 (0.63%)
S&P 500 - up - 12.19 (0.28%)
----
see...we panicked. Folks went bargain shopping and bought the dip.
Posted by: Tim Riggins at January 24, 2022 05:19 PM (ZZK0E)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:08 PM (z5Vrg)
Although that assumes these companies can weather hyperinflation without declaring bankruptcy...
Posted by: Nova local at January 24, 2022 05:17 PM (exHjb)
Or that the govt doesn't re-write the rules.
Posted by: GM shareholders at January 24, 2022 05:19 PM (F9322)
Posted by: AstroDB at January 24, 2022 05:18 PM (a48q1)
You can check the front page of the WSJ. There was a dip earlier in the day that moved things into correction territory, that later recovered.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:19 PM (z5Vrg)
The East Coast will be speaking Russian.
The West Coast will continue to speak Mandarin.
Posted by: Golfman at January 24, 2022 05:19 PM (hOMhY)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)
Trump was spending faster than I was comfortable with, but he was also clearing a path toward soaring prosperity. I think things would have turned out great under Trump with a reasonable amount of cooperation from Republicans.
Posted by: Emmie -- no mask, no passport, just classic rock at January 24, 2022 05:19 PM (6RgRK)
Posted by: Tim Riggins at January 24, 2022 05:20 PM (ZZK0E)
Posted by: flounder, wrecker, hoarder, saboteur, mourner at January 24, 2022 05:18 PM (SH2Zi)
Ok, I laughed.
Posted by: Chunky Cheese at January 24, 2022 05:20 PM (5aWFq)
see...we panicked. Folks went bargain shopping and bought the dip.
Posted by: Tim Riggins at January 24, 2022 05:19 PM (ZZK0E)
From down 1100 to up 99 doesn't compute
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH)
Posted by: Erik In Texas at January 24, 2022 05:20 PM (mIJ9W)
Although that assumes these companies can weather hyperinflation without declaring bankruptcy...
Posted by: Nova local at January 24, 2022 05:17 PM (exHjb)
Well the great news about hyperinflation is while your eggs now sell for a million a piece, you still only borrowed 500k from the bank when setting up your store.
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:20 PM (z5Vrg)
Back in July, there was a kerfluffle over a new Alzheimer's drug that would remove the amyloid plaques from the brain. A dysfunction in the brain's ability to remove amyloids is thought to cause alzheimers. The FDA advisory panel unanimously declined to recommend the drug for approval because although it did remove the plaques, there was no improvement in cognition. The FDA approved the drug, but advised further studies to show efficacy. This was so controversial that 3 members of the advisory committee quit.
My theory: the fda was pressured to approve the drug so they could use it on FJB.
Posted by: Cat Ass Trophy at January 24, 2022 05:20 PM (F4b8f)
Then there was COVID, and the money-drop that he did. Maybe he could have kept outrunning the fox. We'll never know.
Because, along came Brandon. Those regulatory and energy and trade policies immediately ended, and the business-friendly environment just evaporated.
But the inflation remained. The fox caught the rabbit. This was sadly predictable.
Posted by: Yudhishthira's Dice at January 24, 2022 05:20 PM (Cf/uA)
I look and I go, "oh, cheese and crackers, okay". Then I start eating them and I'm like "alright who put this pan seared filet mignon in my mouth"? Fuckin' cheese and crackers.
Posted by: ... at January 24, 2022 05:20 PM (dscaa)
From down 1100 to up 99 doesn't compute
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH)
People - bought.
Posted by: kraken at January 24, 2022 05:20 PM (6Je/Q)
I'm guessing Jim Kramer is telling his stupid viewers to Buy! Buy! Buy!, and has been for the last year.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:20 PM (v2fyE)
Posted by: LASue at January 24, 2022 05:21 PM (Ed8Zd)
Because no one can tell me what's different now from then with Bad Loans.
Nothing was "fixed." It's business as usual. If anything, the banks and credit cards are even more out of control than 2008.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:18 PM (v2fyE)
Remember those 'toxic assets' full of bad home loans? THEY ARE STILL BEING TRADED. Nothing changed at all.
Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)
Posted by: Capital Eff at January 24, 2022 05:21 PM (GYllL)
A Bay Area CVS worker was "violently" beaten during a robbery Saturday, police said.
...
Police said the two suspects then forced a female employee to go to a room where a safe was housed and demanded she open it. One of the suspects then allegedly beat the employee. She was hospitalized with non-life threatening injuries; her current condition is unclear.
Both individuals fled the CVS shortly after the alleged assault, with cash and medications in hand. Both were wearing masks, police said, and there appears to be no associated vehicle with the suspects.
This happened in quiet Santa Rosa, not one of the big cities.
Posted by: The ARC of History! at January 24, 2022 05:21 PM (I2/tG)
Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
Posted by: Hadrian the Seventh at January 24, 2022 05:21 PM (/U27+)
What are all these people doing for money that have all decided to quit?
I ask myself that every day. It's been two freaking years.
Posted by: Notorious BFD at January 24, 2022 05:16 PM
$10.00 per ballot to stuff the local ballot boxes. Tax free, under the table. Some guy in GA claims he made $45,000 that way. Not bad 'work' if you can get it.
Posted by: Traitor Joe's Military Surplus at January 24, 2022 05:21 PM (dQvv7)
Posted by: Emmie -- no mask, no passport, just classic rock at January 24, 2022 05:19 PM (6RgRK)
Right, and you know that was the case by how it could not be allowed to continue.
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:21 PM (f4mjo)
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH)
People - bought.
Posted by: kraken at January 24, 2022 05:20 PM (6Je/Q)
It hit the 10% correction, then the computers bought.
Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)
Posted by: Cat Ass Trophy at January 24, 2022 05:22 PM (F4b8f)
Posted by: Citizen Cake at January 24, 2022 05:05 PM (HmZuC)
When my wife and I bought our first home, we got underwater when the '08 housing bust hit. We won't do that again.
We bought our current home for $685 back in 2016. We just had it appraised for $1.3m for this refi. We pulled some cash money out for a renovation this summer but the bank was telling us to hit the 75/25 Loan-to-value limit and we didn't go that far by a long shot.
Posted by: Defenestratus at January 24, 2022 05:22 PM (HO1G+)
https://is.gd/fal11B
Posted by: Joe Mannix (Not a cop!)
That gal being in the sun like that has burnt herself to a crisp. I'm offering to slather cooling lotion all over her.
Posted by: Tonypete at January 24, 2022 05:22 PM (mD/uy)
It hit the 10% correction, then the computers bought.
Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)
AI people.
Posted by: kraken at January 24, 2022 05:22 PM (6Je/Q)
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH)
People - bought.
Posted by: kraken at January 24, 2022 05:20 PM (6Je/Q)
It hit the 10% correction, then the computers bought.
Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)
and it wasn't even at 2 AM.
Posted by: Roy at January 24, 2022 05:22 PM (Ti+Tv)
Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:12 PM (g43JH)
Everyone's happy that Punchy is leading into war in the Ukraine.
Or fixing to abandon a lot of American soldiers overseas.
Either or.
Posted by: naturalfake at January 24, 2022 05:22 PM (OMayC)
see...we panicked. Folks went bargain shopping and bought the dip.
Posted by: Tim Riggins at January 24, 2022 05:19 PM (ZZK0E)
From down 1100 to up 99 doesn't compute
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH
The market is so big now that a 500 pt swing is not a correction. It happens a lot now.
Posted by: AlaBAMA at January 24, 2022 05:23 PM (4fSQf)
==
All of the good news in one place.
Posted by: Arghhhh at January 24, 2022 05:23 PM (YubW7)
Posted by: Cat Ass Trophy at January 24, 2022 05:23 PM (F4b8f)
Posted by: Goldilocks at January 24, 2022 05:23 PM (hUjT1)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)
--------------------
Right. Gas is up because of no fracking, no pipeline, and distribution problems. Food is more expensive because it, now, costs more to produce, store and and distribute.
Every item that we are paying more for is because of Brandon's policies and policy reversals.
We are in an artificially induced inflationary environment.
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:23 PM (1Avgt)
Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
Posted by: Hadrian the Seventh at January 24, 2022 05:21 PM (/U27+)
FFS we just had a storm where we had gusts to 65mph at the house. Lost a couple shingles. Was supposed to have roofer come tomorrow to fix it but we're getting snow tonight and he's like ... I'll come next Tuesday... after the next big storm I guess.
Posted by: Defenestratus at January 24, 2022 05:23 PM (HO1G+)
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:21 PM (f4mjo)
Can't let regular Americans enjoy prosperity. It should be reserved for the elites.
Posted by: Emmie -- no mask, no passport, just classic rock at January 24, 2022 05:23 PM (6RgRK)
Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 05:23 PM (5pTK/)
Posted by: Carlos at January 24, 2022 05:23 PM (T/LgB)
Posted by: That flak who says "Unexpectedly!" at January 24, 2022 05:23 PM (a3Q+t)
Wow. I've dropped that much at the horse tracks...
Posted by: gourmand du jour at January 24, 2022 05:24 PM (jTmQV)
Non-political site about the mechanics of investing. I recommend it, wish I had known some of the concepts stressed there a long time ago.
Posted by: Blago at January 24, 2022 05:24 PM (ThPIN)
Posted by: It's me donna at January 24, 2022 05:20 PM (g43JH)
----------
Working Theory: After last weeks declines, a lot of amateur investors made changes to their portfolios and 401k plans over the weekend. All those sell orders hit in the morning then the professionals moved in.
Posted by: WisRich at January 24, 2022 05:24 PM (G0vdT)
Posted by: ... at January 24, 2022 05:24 PM (dscaa)
Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
Posted by: Hadrian the Seventh at January 24, 2022 05:21 PM (/U27
That'll help with store shelves.
Posted by: AlaBAMA at January 24, 2022 05:24 PM (4fSQf)
==
All of the good news in one place.
Posted by: Arghhhh at January 24, 2022 05:23 PM (YubW7)
That used to be called a Nor'easter.
Posted by: Archer at January 24, 2022 05:24 PM (gmo/4)
Posted by: kraken at January 24, 2022 05:24 PM (6Je/Q)
Posted by: Red Turban Someguy - The Republic is already dead! at January 24, 2022 05:08 PM (z5Vrg)
Although that assumes these companies can weather hyperinflation without declaring bankruptcy...
Posted by: Nova local at January 24, 2022 05:17 PM (exHjb)
Or that the govt doesn't re-write the rules.
Posted by: GM shareholders at January 24, 2022 05:19 PM (F9322)
Ah, yes...the payoff to the unions instead of the shareholders when bankruptcy looms but you're too big to fail.
PS - No business should ever be allowed to be too big to fail...
Posted by: Nova local at January 24, 2022 05:24 PM (exHjb)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:24 PM (Y+l9t)
Posted by: Bertram Cabot, Jr. at January 24, 2022 05:24 PM (63Dwl)
Posted by: G'rump928(c) at January 24, 2022 05:24 PM (yQpMk)
Posted by: Cat Ass Trophy at January 24, 2022 05:25 PM (F4b8f)
Posted by: Blago
It's my understanding that they went to other opportunities, i.e., got other jobs. The "Great Resignation" isn't folks dropping out entirely so much as a shuffling of the labor deck.
Posted by: Brother Tim has nothing much to say, lately at January 24, 2022 05:25 PM (OUMaO)
Posted by: Cat Ass Trophy at January 24, 2022 05:20 PM (F4b8f)
++++
Why would FDA approval or non-approval (or even banning) factor in to what Brandon gets to do, or what his handlers get to do to him?
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:25 PM (DU+/6)
Posted by: Cat Ass Trophy
WTF? Another charity I can no longer donate to.
Posted by: Infidel at January 24, 2022 05:25 PM (qpolg)
Posted by: kraken at January 24, 2022 05:22 PM
Some of the best people!
And, OrangeMan Bad!!
Posted by: NPC_10001001 at January 24, 2022 05:25 PM (a3Q+t)
For fuck's sake, it's a freak accident. No need to terrify parents and make them take away Another FUN ACTIVITY NOT CONNECTED TO A FUCKING CELL PHONE.
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:25 PM (f4mjo)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:25 PM (Y+l9t)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)
Trump was spending faster than I was comfortable with, but he was also clearing a path toward soaring prosperity
---------
don't forget how the uniparty dumped several last minute, panick-pass-it-now-or-we-all-die spending bills on him. He threatened to veto but never did.
Posted by: Tim Riggins at January 24, 2022 05:25 PM (ZZK0E)
FFS we just had a storm where we had gusts to 65mph at the house. Lost a couple shingles. Was supposed to have roofer come tomorrow to fix it but we're getting snow tonight and he's like ... I'll come next Tuesday... after the next big storm I guess.
Posted by: Defenestratus
Why doesn't Home Insurance pay for that type of roof damage but will pay for hail damage?
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:25 PM (v2fyE)
Posted by: G'rump928(c) at January 24, 2022 05:24 PM (yQpMk)
For their sake I hope not.
Posted by: kraken at January 24, 2022 05:26 PM (6Je/Q)
Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
Posted by: Hadrian the Seventh at January 24, 2022 05:21 PM (/U27
*digs in closet for snowmobile outfit and tuque*
Posted by: Jim Cantore at January 24, 2022 05:26 PM (Ti+Tv)
Posted by: Martini Farmer at January 24, 2022 05:26 PM (BFigT)
---
wow it's a race to see if I get my new heater installed ... what day does it hit>?
Posted by: Tim Riggins at January 24, 2022 05:26 PM (ZZK0E)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:25 PM (Y+l9t)
Yeah could be for some I'm afraid.
Posted by: kraken at January 24, 2022 05:26 PM (6Je/Q)
Will people who wish that they had sold today be selling tomorrow morning?
Posted by: G'rump928
I'd guess some people are spooked and already called their brokers.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:27 PM (v2fyE)
is reading the market "reports"- all political and guess work:
Dow up 1% on optimism after Biden doesn't fart in public for 7 days in a row.
Dow down 2% on fears that Trump will send mean tweets again.
Dow flat on renewed Omicron fears.
Nasdaq strengthens after Janet Yellen gets less awful haircut.
S&P flat on unexpected jobs report.
Posted by: LASue at January 24, 2022 05:27 PM (Ed8Zd)
Posted by: Soothsayer's Untrue But Accurate Tales
Not frequently. Can't remember when his last check-in was.
Posted by: Brother Tim has nothing much to say, lately at January 24, 2022 05:27 PM (OUMaO)
Posted by: ... at January 24, 2022 05:27 PM (dscaa)
Posted by: AlaBAMA at January 24, 2022 05:27 PM (4fSQf)
I can't disagree with that kinder evaluation.
Posted by: Anti doesn't matter at January 24, 2022 05:27 PM (sUMfc)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)
Trump was spending faster than I was comfortable with, but he was also clearing a path toward soaring prosperity
---------
don't forget how the uniparty dumped several last minute, panick-pass-it-now-or-we-all-die spending bills on him. He threatened to veto but never did.
Posted by: Tim Riggins
____
It would definitely be better under Trump right now, but Trump never took spending, debt, or inflation seriously either. He almost sounded like a Republican version of Modern Monetary Theory.
Posted by: Blago at January 24, 2022 05:27 PM (ThPIN)
Yes, but what crackers go best with a blizzard?
Posted by: Citizen Cake at January 24, 2022 05:27 PM (HmZuC)
But I guess to you rabble (i have other less polite words on my mind), folks that actually save and try to plan responsibly are a problem to your ilk and to be dismissed with contempt.
Is Monty still somewhere around to write about how screwed we are?
Posted by: RM at January 24, 2022 05:27 PM (U3LtS)
Dow up 1% on optimism after Biden doesn't fart in public for 7 days in a row.
Dow down 2% on fears that Trump will send mean tweets again.
Dow flat on renewed Omicron fears.
Nasdaq strengthens after Janet Yellen gets less awful haircut.
S&P flat on unexpected jobs report.
Posted by: LASue at January 24, 2022 05:27 PM (Ed8Zd)
++++
"Dow Mixed on Manufacturing Uncertainty"
Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:28 PM (DU+/6)
Posted by: Cat Ass Trophy at January 24, 2022 05:28 PM (F4b8f)
Not frequently. Can't remember when his last check-in was.
Posted by: Brother Tim
Ah. Thanks.
Hope he's doing okay.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:28 PM (v2fyE)
Posted by: Citizen Cake at January 24, 2022 05:27 PM (HmZuC)
Chicken in a Biscuit. In a true emergency, Club Crackers may be substituted.
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:28 PM (f4mjo)
Yes, but what crackers go best with a blizzard?
Posted by: Citizen Cake at January 24, 2022 05:27 PM (HmZuC)
White ones - presoaked in privilege.
Posted by: Roy at January 24, 2022 05:29 PM (Ti+Tv)
pretty sure they were cancelled.
Posted by: #3: The Larch at January 24, 2022 05:29 PM (oY6Yp)
See, this is what I assumed. Adding the streaming class seems like a big selling feature to me. Guided workouts help a ton with motivation.
Posted by: bonhomme at January 24, 2022 05:29 PM (RaNzC)
I'll go to Costco tonight and stock up on bacon, eggs, and meatballs.
Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 05:30 PM (v2fyE)
Posted by: G'rump928(c) at January 24, 2022 05:24 PM (yQpMk)
For their sake I hope not.
Posted by: kraken at January 24, 2022 05:26 PM (6
Wall Street trader holds out two fists with Hold Fast tattooed on them.
Posted by: Anti doesn't matter at January 24, 2022 05:30 PM (sUMfc)
Posted by: andycanuck (UHVv4) at January 24, 2022 05:30 PM (UHVv4)
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:25 PM (f4mjo)
I'm from the generation that was allowed to play without constant parental supervision. No bike helmets, knee pads with skates, etc.
Not afraid to live life.
Posted by: Archer at January 24, 2022 05:30 PM (gmo/4)
For fuck's sake, it's a freak accident. No need to terrify parents and make them take away Another FUN ACTIVITY NOT CONNECTED TO A FUCKING CELL PHONE.
Posted by: Aetius451AD Work Laptop at January 24, 2022 05:25 PM (f4mjo)
Some Cities passed laws that kids must wear helmets when sledding.
Posted by: Patrick From Ohio at January 24, 2022 05:31 PM (dKiJG)
Posted by: sharon(willow's apprentice)
--------------------
Right. Gas is up because of no fracking, no pipeline, and distribution problems. Food is more expensive because it, now, costs more to produce, store and and distribute.
Every item that we are paying more for is because of Brandon's policies and policy reversals.
We are in an artificially induced inflationary environment.
Posted by: Braenyard
This is why my only hope is that a wipeout of the Dems and a change in the House will see rational legislation to reverse a lot of these crazy policies most of which were done through executive action. The big question is whether we can survive until then. It's only January.
Posted by: sharon(willow's apprentice) at January 24, 2022 05:31 PM (Y+l9t)
Any snow event in my area (PA) seems to be Friday night into Saturday.
Posted by: Traitor Joe's Military Surplus at January 24, 2022 05:31 PM (dQvv7)
Posted by: Archer at January 24, 2022 05:24 PM (gmo/4)
----------------
Thought a Nor'easter came from the sea.
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:35 PM (1Avgt)
Posted by: sharon(willow's apprentice) at January 24, 2022 05:31 PM (Y+l9t)
--------------------
The closer we get to the election the more sideways things will go.
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:37 PM (1Avgt)
I did that ----LJB
Posted by: Lars Pilsen at January 24, 2022 05:54 PM (kJH1Z)
Posted by: insurgens ad opus at January 24, 2022 05:58 PM (Zl0qV)
Posted by: Braenyard says welcome to the new Cold War at January 24, 2022 05:37 PM (1Avgt)
-----
That's a feature, not a bug.
Posted by: insurgens ad opus at January 24, 2022 06:04 PM (Zl0qV)
Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)
AI people.
Posted by: kraken at January 24, 2022 05:22 PM (6Je/Q)
I've been looking to invest more for awhile, but I've held off figuring a big sell off was overdue. Inflation is making it untenable to be sitting on cash though. I'm sure a huge number of people have been waiting for this dip to get their money in.
Posted by: Sjg at January 24, 2022 06:09 PM (gDSJf)
Posted by: Tofer732 at January 24, 2022 06:12 PM (GcxM3)
Posted by: Bud Fox at January 24, 2022 06:17 PM (Spr0s)
Posted by: Ernie McCracken at January 24, 2022 06:21 PM (NQsoJ)
Posted by: sound awake at January 24, 2022 06:35 PM (eFmXj)
Posted by: Sock Monkey * Ungovernable at January 24, 2022 06:44 PM (U48vO)
Really? Equities and housing BOTH increased in value at far greater than nominal economic growth percentages. THAT is where ObamaFlation was hiding--along with GWBush/Fed Asset inflation.
This--the Trump/Biden/Congressional SuperExtravaganzaFestExpend-a-thon--is merely the top blowing off the volcano.
Posted by: dad29 at January 24, 2022 07:03 PM (mzJmr)
Agreed, and furthermore, if you're going to hand a big business a huge sum of money to make sure it doesn't die due to cash flow pinches, why not put that money to work on soething that's going to actually help the economy?
I stand behind my statement forever: give the money to Goldman Sachs all you want, on one condition - they use it to pay off mortgages. Yes, that absolutely rewards people who couldn't afford to pay for the house that they bought. But how much faster would we have recovered if instead of every one of them declaring bankruptcy, they all got a house paid off? As a nation, we'd all be much better off. Goldman Sachs gets out of their cash flow pinch. The victims of predator lending practices get bailed out. The only downside is that the people who were just stupid would get bailed out too, but what the hell? Nothing's perfect.
Posted by: Goober at January 24, 2022 07:46 PM (Hgvgt)
FFS we just had a storm where we had gusts to 65mph at the house. Lost a couple shingles. Was supposed to have roofer come tomorrow to fix it but we're getting snow tonight and he's like ... I'll come next Tuesday... after the next big storm I guess.
Posted by: Defenestratus
Why doesn't Home Insurance pay for that type of roof damage but will pay for hail damage?
----
State Farm redid my roof after we had a 'tornado' nearby or as they called it, straight-line winds.
Posted by: Ciampino at January 24, 2022 09:37 PM (qfLjt)
Posted by: Java Joe at January 24, 2022 10:16 PM (VsPm9)
----
That gas probably came from his dinner the night before. It takes a while for the stomach to do its thing and then many hours for peristalsis to get the food down there, where the gas gets produced.
Posted by: Ciampino at January 24, 2022 11:40 PM (qfLjt)
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