"Catastrophic" Market Crash; Are We In a New Recession?

Note: The market actually rebounded from today's lows, but the general down trend of the past week, and general pessimism for the next year, isn't fixed by a bounce off a daily low.

Here's how it looked earlier for Joey Waffle Cone:

Screenshot (1342).png


There is a "catastrophic stock market crash" unfolding.

And it might last a while.


As a week-long selloff thatís 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.

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."

Cute duck via Soothsayer.

Posted by: Ace at 04:35 PM




Comments

(Jump to bottom of page)

1 Why Not

Posted by: ... at January 24, 2022 04:35 PM (dscaa)

2
Is this serious, Ace?

Posted by: Soothsayer's Untrue But Accurate Tales at January 24, 2022 04:36 PM (v2fyE)

3 AMAT stock is up 3.13%.

Posted by: Jak Sucio at January 24, 2022 04:36 PM (T4dlg)

4 Trump's exit took away any hope this country had.

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)

5 A crash that recovered by the end of the day, right?

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)

6
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)

7 At least it's not a flaming skull

Posted by: Skip at January 24, 2022 04:37 PM (2JoB8)

8 Meh. I'll wait until tomorrow and sell everything.

Posted by: fd at January 24, 2022 04:37 PM (vrz2I)

9 in before Joe Xiden!

Posted by: andycanuck (UHVv4) at January 24, 2022 04:37 PM (UHVv4)

10 in before Joe Xiden!
Posted by: andycanuck (UHVv4) at January 24, 2022 04:37 PM (UHVv4)


Heh.

Posted by: Jordan61 at January 24, 2022 04:38 PM (Ez6QX)

11 crash? Looks more like whiplash. Markets finished in the green.

Posted by: WisRich at January 24, 2022 04:38 PM (G0vdT)

12 Anyone who got those first Covid dollars should have know this was coming, paying everyone when most didn't need it was going to cost.

Posted by: Skip at January 24, 2022 04:38 PM (2JoB8)

13 Did Biden cure cancer yet?

Posted by: Christopher R Taylor at January 24, 2022 04:38 PM (KZzsI)

14 A Dark and Deadly Winter was promised by Shits in Vatican.

Posted by: Puddin Head at January 24, 2022 04:38 PM (0chEi)

15 Psyche!

Posted by: Mark1971 at January 24, 2022 04:38 PM (xPl2J)

16 We are emerging from less than a day of a bear market.

Posted by: Boss Moss at January 24, 2022 04:39 PM (todmg)

17 A red headline without the Flaming Skull is the equivalent of "just the tip", isn't it.

Posted by: Zombie Robbo the Llama Butcher at January 24, 2022 04:39 PM (dfRN6)

18 It was gonna crash sooner or later. But all the big money men wanted Trump gone so...

Posted by: Mark Andrew Edwards, RIP Oregon Muse at January 24, 2022 04:39 PM (V6f9+)

19 Even if it's not today, it will happen.

Posted by: Skip at January 24, 2022 04:39 PM (2JoB8)

20 but, but that's unpossible.

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)

21 Serious question to smart Morons. I have stocks in my deferred comp, and the stocks are aggressive. Do I drop the stocks, and move it to a stable fund, or do i ride this out for the next two years?

Posted by: Wyatt Earp at January 24, 2022 04:39 PM (XSRBF)

22 6
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)

23 A post-inflationary economy? Who the hell is dumb enough even to suggest that? Besides Brandon, I mean.

Posted by: Dr. T at January 24, 2022 04:39 PM (bhRsz)

24 Some will be fooled by the bounce today. Investors are thinking the Fed is weak-kneed and will back off the rate hikes they've promised, because the market has cratered so violently these last few weeks. I wouldn't bet on the Fed bailing the market out this time. They might...but I wouldn't bet on it. Stay safe and stay out of the stock market for now, would be my advice. Maybe wait a few months, maybe even until November. What good news does anyone expect?

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)

25 Joepedo likes to destroy just like all democrats and leftists do.

Posted by: Jukin the Deplorable and Totally Unserious at January 24, 2022 04:39 PM (iDcra)

26 6
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)

27 Beans, boolettes, bandages, and silver dimes.

Posted by: Capital Eff at January 24, 2022 04:40 PM (GYllL)

28 I don't really view this as a crash, let alone catastrophic, but its definitely a drop which even the Obama administration was able to stave off pretty well despite their disastrous economy.

Posted by: Christopher R Taylor at January 24, 2022 04:40 PM (KZzsI)

29 so glad the house and cars are paid for.

Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:40 PM (5pTK/)

30 I have a bit of money in some individual stocks related to my employment. I have been on the fence about unloading them. I still am. I'm not inclined to touch or reallocate by 401(k) stuff because it'll be a couple of decades before it becomes relevant, but the stuff I actually own gives me pause.

Posted by: Joe Mannix (Not a cop!) at January 24, 2022 04:40 PM (DU+/6)

31
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)

32 Once your UE benefits run out you're employed.

Posted by: Boss Moss at January 24, 2022 04:40 PM (todmg)

33 21 Serious question to smart Morons. I have stocks in my deferred comp, and the stocks are aggressive. Do I drop the stocks, and move it to a stable fund, or do i ride this out for the next two years?
---------------------
Buy Exxon. Never get out of the boat, either.

Posted by: Puddin Head at January 24, 2022 04:40 PM (0chEi)

34 >>>Is this serious, Ace?

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)

35 Good.

Hope it all goes up in smoke.

Like Cheech & Chong's movie.

Posted by: Hairyback Guy at January 24, 2022 04:40 PM (/1l9x)

36 Biden and company are idiot children no serious country would ever allow near power, but blame for fiscal and inflation situation shared by mNy, including Trump - just lowers credibility to pretend otherwise.

Posted by: rhomboid at January 24, 2022 04:40 PM (HyGvN)

37 No Flaming Skull?

Posted by: Fan of Flaming Skulls at January 24, 2022 04:41 PM (MK1zk)

38
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)

39 Anyone here believe the UE rate is 3.9%?

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)

40 Name that Speaker:

-----------------------------
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)

41 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 at January 24, 2022 04:41 PM (DJFLF)

42 Market up at the end, war always has that effect. It's our economy people - drugs and weapons.

Posted by: Indignatio Vindicatorem at January 24, 2022 04:42 PM (oWBc3)

43
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)

44 21 Serious question to smart Morons. I have stocks in my deferred comp, and the stocks are aggressive. Do I drop the stocks, and move it to a stable fund, or do i ride this out for the next two years?
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)

45 We're gonna need a bigger cookie jar.

Posted by: The Free Shit Army at January 24, 2022 04:42 PM (Xrfse)

46 Know what will stave off an impending recession?

Battling the Rooskies over Ukraine!

Posted by: Thrawn at January 24, 2022 04:42 PM (Rl7KJ)

47 I first read the top line as Castrato Market. I immediately thought of what Rush used to call the media. It's been a year, I miss him but I'm glad he's not here to see this goatcluster.

Posted by: Eromero at January 24, 2022 04:42 PM (0OP+5)

48 In fairness, the Dow30 stocks are only back to last June in value.

Posted by: G'rump928(c) at January 24, 2022 04:43 PM (yQpMk)

49 Inflation, recession, China about to take Taiwan, Russia about to invade Ukraine-spurring possible war with the US, rampant crime......I believe we're on the eve of destruction

Posted by: JoeF. at January 24, 2022 04:43 PM (mR6Gs)

50 >>>37 No Flaming Skull?


i put it up

Posted by: ace at January 24, 2022 04:43 PM (0G13K)

51 When you inject about $8 TRILLION of fake money into the economy over 2-3 years because of covid what did you expect to happen?

Posted by: Mister Scott (formerly GWS) at January 24, 2022 04:43 PM (bVYXr)

52
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)

53 The market magically closed green today. I would posit one very large buyer.

Posted by: Thomas Paine at January 24, 2022 04:43 PM (5kI0z)

54 "Well at least it's not a flaming skull"

look again

Posted by: JoeF. at January 24, 2022 04:43 PM (mR6Gs)

55 I'm short so this is great news.

Posted by: San Franpsycho at January 24, 2022 04:43 PM (EZebt)

56 51 When you inject about $8 TRILLION of fake money into the economy over 2-3 years because of covid what did you expect to happen?
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)

57 the "most speculative parts" of the market have been hit the hardest, with names like Peloton down 75% in six months.
====

Damn you supply chain problems!!!!

Posted by: Peloton at January 24, 2022 04:43 PM (iDcra)

58 From previous:
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/)

59 Beans, boolettes, bandages, and silver dimes.
---------------------
Hear how they jing, jinga-linga

Posted by: andycanuck (UHVv4) at January 24, 2022 04:44 PM (UHVv4)

60 I over heard my boss talking to his son this morning and using the term "we may be looking at a buying situation."

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)

61 Go long on flaming skull futures. BUY BUY BUY.

Posted by: BourbonChicken at January 24, 2022 04:44 PM (44ww/)

62 He didn't mean he outperformed, he meant he out-shit-his-drawers. In front of the Pope. And then crapped on every American. So, there's that.

Posted by: tcn in AK at January 24, 2022 04:44 PM (okGHj)

63 Yeah if the stock markets look bumpy take a look at crypto. I'm RICH! poor RICH! poor ... and that's just a Monday. I don't see how they could be a good investment.

Posted by: banana Dream at January 24, 2022 04:44 PM (+Z1Gj)

64 I do wonder what the breaking point of Americans is.

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)

65
Buy on the dip

Posted by: guy who's always buying things on the dip at January 24, 2022 04:44 PM (0G13K)

66 All kinds of things are fucked up. Quite possibly for the rest of our lives and beyond.

Posted by: Insomniac - Outlaw. Hoarder. Wrecker. at January 24, 2022 04:44 PM (II3Gr)

67 The skull is a great look

Posted by: Mark Andrew Edwards, RIP Oregon Muse at January 24, 2022 04:44 PM (V6f9+)

68 Even if it's not today, it will happen.
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)

69 I guess all those Peloton billionaires are wiped out now

Posted by: kallisto at January 24, 2022 04:44 PM (DJFLF)

70 The kids are resilient.

Posted by: The Who at January 24, 2022 04:44 PM (todmg)

71
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)

72 49 Inflation, recession, China about to take Taiwan, Russia about to invade Ukraine-spurring possible war with the US, rampant crime......I believe we're on the eve of destruction
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)

73 53 The market magically closed green today. I would posit one very large buyer.
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)

74 We have a government ship full of people dumping gasoline everywhere with an arsonist at helm.

This will end well.

Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:45 PM (5pTK/)

75 That we were in a "post-inflationary economy" or something.
--------------------
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)

76 the Dow30 stocks are only back to last June in value.

Some might even call this an adjustment down to proper value.

Posted by: Christopher R Taylor at January 24, 2022 04:45 PM (KZzsI)

77 OMG! A Flaming Skull!
Now Weare Doomed!

Posted by: Skip at January 24, 2022 04:45 PM (2JoB8)

78 Um, well, yes.

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)

79 I would like to see the buy/sell orders of the members of Congress.

Posted by: Eisenhorn at January 24, 2022 04:45 PM (TpxxY)

80 The sneaky flaming skull has arrived!

Posted by: Jukin the Deplorable and Totally Unserious at January 24, 2022 04:45 PM (iDcra)

81 I have absolute contempt for the idiots who voted for this senile fuckward.

Posted by: IC - #FJB at January 24, 2022 04:45 PM (hV9ir)

82 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)
++++
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)

83 Daily Daddario:

https://tinyurl.com/25pvxb2y

Posted by: TheJamesMadison, Searching with John Ford at January 24, 2022 04:45 PM (LvTSG)

84 Deferred comp is over 300K. Put in money from the day I joined the department. I intend to find another job when I leave this one, so it's not a huge issue.

I just don't want to be wiped out

Posted by: Wyatt Earp at January 24, 2022 04:45 PM (XSRBF)

85 24 What good news does anyone expect?

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)

86 Biden Bounce!

Posted by: Commissar of Plenty and Lysenko Solutions at January 24, 2022 04:45 PM (Yu9rW)

87 58 From previous:
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)

88 We're ruined, Mortimer, RUINED!

Posted by: Randolph Duke at January 24, 2022 04:46 PM (guGkK)

89 We've now had the 10% periodic correction... Fed will now intervene.

Posted by: Romeo13 at January 24, 2022 04:46 PM (oHd/0)

90
When doctors start buying, it's time to sell.

Posted by: Hadrian the Seventh at January 24, 2022 04:46 PM (/U27+)

91 twitchy has a video from 2019 of Joe Biden saying that, unlike Trump, he'll stand up to Putin.

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)

92 Yeah if the stock markets look bumpy take a look at crypto.

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)

93 At least in the end there will be only chaos. So I've heard anyway.

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)

94 Wait until the fed can't stop inflation, and the prime hits about three percent. At that point, interest on the US debt will consume all tax dollars.

Posted by: Thomas Paine at January 24, 2022 04:46 PM (5kI0z)

95 It might not have even be PPT
---------------

Pre-programmed trading? What?

Posted by: Deplorable Jay Guevara at January 24, 2022 04:46 PM (YqDXo)

96 Not to worry. Our new Warbike will revolutionize martial conflict the world over. We specialize in selling shit at 10 times any reasonable cost, so it's a natural.

Posted by: Peloton at January 24, 2022 04:46 PM (sWM8x)

97 Dread naught what you could do for your country but Dread what your country could do to you.


Plus Dread Scott and Judge Dread.

Posted by: Archer at January 24, 2022 04:46 PM (gmo/4)

98 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)

What is this "retirement" of which you speak?

Posted by: tcn in AK at January 24, 2022 04:46 PM (okGHj)

99 Citizen, it seems like maybe you aren't as supportive of the fabulous economy being led by the nice, nice man who is our Leader.

Perhaps you want to rewrite your post?

Posted by: Google/Meta/FCC at January 24, 2022 04:46 PM (9otr5)

100 I'm a little biased I suppose but shouldn't this be the Biden Sniffing Skull?

Posted by: ... at January 24, 2022 04:46 PM (dscaa)

101 When you inject about $8 TRILLION of fake money into the economy over 2-3 years because of covid what did you expect to happen?
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/)

102 40 Name that Speaker:

Kennedy?

Posted by: Synova at January 24, 2022 04:47 PM (BD/yx)

103 Buy cheap and sell dear. It is really that simple.

Posted by: G'rump928(c) at January 24, 2022 04:47 PM (yQpMk)

104 84 Deferred comp is over 300K. Put in money from the day I joined the department. I intend to find another job when I leave this one, so it's not a huge issue.

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)

105 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)

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)

106 Wyatt,

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)

107 I hate Peloton and their stupid commercials.

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)

108 I remember where I was when the partial day bear market hit.

Posted by: Boss Moss at January 24, 2022 04:47 PM (todmg)

109 Daily Daddario:

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)

110 Haven't seen the flaming skull for a while.

Posted by: Infidel at January 24, 2022 04:47 PM (qpolg)

111 When you inject about $8 TRILLION of fake money into the economy over 2-3 years because of covid what did you expect to happen?

Yep. There was no need for it.

Posted by: Notorious BFD at January 24, 2022 04:47 PM (Xrfse)

112 109 TJM remains a great man.
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)

113 -----------------------------
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)

114 Raise interest rates and decrease the money supply.

Posted by: Archer at January 24, 2022 04:48 PM (gmo/4)

115 84 Deferred comp is over 300K. Put in money from the day I joined the department. I intend to find another job when I leave this one, so it's not a huge issue.

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)

116 Stocks are due for a 10-15% downturn, cash is trash. Real estate market likely passed people by. Stay balanced, buy ammo and bourbon.

Posted by: Indignatio Vindicatorem at January 24, 2022 04:48 PM (oWBc3)

117 81 I have absolute contempt for the idiots who voted for this senile fuckward.
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)

118 Let's take a minute to thank all the Karens, brain dead socialists, NeverTrumper's, Neocons, clueless college kids, superannuated FDR voters, ghetto rats and latte-sipping virtue-signaling "Hate Has No Home Here" trust-funders for ridding us of the scourge of Donald J. Trump.

Posted by: JoeF. at January 24, 2022 04:48 PM (mR6Gs)

119 Marie Antoinette: Let them eat cake!

Joey Twofingers: Let them eat bugs!

Posted by: 18-1 at January 24, 2022 04:48 PM (ESjRY)

120 >>>89 We've now had the 10% periodic correction... Fed will now intervene.


can they when there's already a 40 year high in inflation?

Posted by: ace at January 24, 2022 04:48 PM (0G13K)

121 I do wonder what the breaking point of Americans is.

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)

122 Stocks be Krayzeee today!

1100 point swing on the Dow!

Posted by: naturalfake at January 24, 2022 04:48 PM (OMayC)

123 diverse = diversify (damn spell check)

Posted by: Nova local at January 24, 2022 04:48 PM (exHjb)

124 Pre-programmed trading? What?

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)

125
Second look at Haitian penny stocks?

Posted by: Hadrian the Seventh at January 24, 2022 04:48 PM (/U27+)

126 When doctors start buying, it's time to sell.
------------------------------------
All my money is in Limerick futures!

Posted by: andycanuck (UHVv4) at January 24, 2022 04:48 PM (UHVv4)

127 "And if there is another recession -- then what will the government and fed do? Spend more trillions? Cut interest rates again?"

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)

128 The best thing to do is have tea and lemon like I'm having

Posted by: Skip at January 24, 2022 04:48 PM (2JoB8)

129
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 Jerk Back Psaki say so herself.

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at January 24, 2022 04:48 PM (pNxlR)

130 >>>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

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)

131 Nothing like a good war to bring us back to even keel...

Posted by: gourmand du jour at January 24, 2022 04:49 PM (jTmQV)

132 Market crash? Once the shooting war with the Rooskies starts, we probably won't care.

Posted by: Weasel at January 24, 2022 04:49 PM (0IeYL)

133 Appropriate?

*steps back out and checks sign and with moose*

Posted by: Aetius451AD Work Laptop at January 24, 2022 04:49 PM (f4mjo)

134 BREAKING: Biden Pivots to Economy; Promises to Spend Our Way Out of the Coming -- but Necessary in Order to "Build Back Better" -- Major Depression and Societal Collapse.

Posted by: ShainS -- Beware the Branch Covidians at January 24, 2022 04:49 PM (CtltA)

135 Second look at Haitian penny stocks?
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)

136 Biden just announced he's sending troops to Wall Street.

Posted by: Dr Spank at January 24, 2022 04:49 PM (ciNt1)

137 50 >>>37 No Flaming Skull?

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)

138 95 It might not have even be PPT
---------------

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)

139 re 69: 'Beyond Meat' and the like also down a lot lately. No wonder, maybe late 2019 I went into a Stop n Shop for something or other and noticed that 'beyond meat' was twice the price of regular ground beef.

Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:49 PM (Ynyl9)

140 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.
===

CHALLENGE ACCEPTED!!

Posted by: Joe Biden at January 24, 2022 04:49 PM (iDcra)

141 Also, Burning Skeleton Head!

Posted by: Weasel at January 24, 2022 04:49 PM (0IeYL)

142 i am expecting a live action version of The Road.
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)

143 How the f*ck are people paying for their dinners?

I'm comfortable financially and my grocery bills are making me wince.

Posted by: 18-1 at January 24, 2022 04:49 PM (ESjRY)

144 Dread naught what you could do for your country but Dread what your country could do to you.
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/)

145 Market crash? Once the shooting war with the Rooskies starts, we probably won't care.
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)

146 I hate Peloton and their stupid commercials.

Those things are really expensive clothes hangers

Posted by: Christopher R Taylor at January 24, 2022 04:50 PM (KZzsI)

147 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)


This is a non-zero possibility

Posted by: blaster at January 24, 2022 04:50 PM (9otr5)

148 I heard the zombie real estate companies were back. Housing bubble 2022.

Posted by: Boss Moss at January 24, 2022 04:50 PM (todmg)

149 @111

>>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)

150 108 I remember where I was when the partial day bear market hit.
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)

151
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)

152 I've taken some hits, but I wasn't heavily invested in tech, so it wasn't too bad. And I still have the dividends coming.

Posted by: sniffybigtoe at January 24, 2022 04:50 PM (UuD2k)

153 late 2019 I went into a Stop n Shop for something or other and noticed that 'beyond meat' was twice the price of regular ground beef.


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)

154
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)

155 When doctors start buying, it's time to sell.
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)

156 128 The best thing to do is have tea and lemon like I'm having

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)

157 'Beyond Meat' and the like also down a lot lately.

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)

158 149 @111

>>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)

159 >>>I do wonder what the breaking point of Americans is.

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)

160 Honestly, I never liked Biden, but this bullshit makes me angry. F you leftists who wanted to restore norms.

To quote Tony Montana, "You stupid f**ks, look at you now!"

Posted by: Wyatt Earp at January 24, 2022 04:51 PM (XSRBF)

161 147 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)

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)

162 123 diverse = diversify (damn spell check)
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)

163 We've been doing trillion dollar+ spending bills since Obama in 2008 to "prime the pump."

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)

164 why would anyone pay $2500 for an exercise bike when gyms have mostly reopened? Also, in the past two years, a couple of other companies have started making exercise bikes like Peloton makes and for a lot less.

Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:52 PM (Ynyl9)

165 I never understood why anyone voted for Carter or Clintoon either.

Posted by: Infidel at January 24, 2022 04:52 PM (qpolg)

166 How the f*ck are people paying for their dinners?

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)

167 139 re 69: 'Beyond Meat' and the like also down a lot lately. No wonder, maybe late 2019 I went into a Stop n Shop for something or other and noticed that 'beyond meat' was twice the price of regular ground beef.
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)

168 I used to be all rah-rah for business. Not any more. I love it when companies like Peloton and Netflix take it in the shorts.

I fucking love it.

Posted by: Meade Lux Lewis, Domestic Terrorist at January 24, 2022 04:52 PM (sWM8x)

169 Did ace's post generate a buying frenzy?

Posted by: Anti doesn't matter at January 24, 2022 04:52 PM (sUMfc)

170 Biden just announced he's sending troops to Wall Street.
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)

171 96 Not to worry. Our new Warbike will revolutionize martial conflict the world over. We specialize in selling shit at 10 times any reasonable cost, so it's a natural.
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)

172 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)
++++
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)

173 Walmart has exercise bikes for between $100-$1000.

That's quite a markup Peloton has...

Posted by: 18-1 at January 24, 2022 04:53 PM (ESjRY)

174 Deferred comp is over 300K. Put in money from the day I joined the department. I intend to find another job when I leave this one, so it's not a huge issue.

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)

175 Believe only pre-shutdown job replacement so far - and mostly in states who had least idiotic policies. Nowhere near Trump 2019 economy, qualitatively or quantitatively.

Posted by: rhomboid at January 24, 2022 04:53 PM (HyGvN)

176 Damn wreckers and hoarders!

Posted by: Bete at January 24, 2022 04:53 PM (F9322)

177 I'm now taking 15%. Inflation made it happen.

Posted by: Joe Biden at January 24, 2022 04:53 PM (iDcra)

178 Stay balanced, buy ammo and bourbon.
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)

179 Nothing like a good war to bring us back to even keel...
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)

180 164 why would anyone pay $2500 for an exercise bike when gyms have mostly reopened? Also, in the past two years, a couple of other companies have started making exercise bikes like Peloton makes and for a lot less.
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)

181 The troops Biden is sending : https://tinyurl.com/y85oh7ho

Posted by: Dr Spank at January 24, 2022 04:53 PM (ciNt1)

182 Fuck Joe Biden

Posted by: thathalfrican - The One at January 24, 2022 04:53 PM (YglAn)

183 Long Bitcoin, bitchez ... cuz when all digital currencies NOT controlled by governments are criminalized and/or the grid goes down permanently -- at least I'll be able to eat my digital wallet.

Posted by: ShainS -- Beware the Branch Covidians at January 24, 2022 04:53 PM (CtltA)

184 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)



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)

185 "The Conservative Case that a Recession is a Good Thing!"

Next up on the National Bulwark!

Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 04:54 PM (5pTK/)

186 How the f*ck are people paying for their dinners?

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)

187 > I would have thought the empty store shelves but....apparently not.

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)

188 it's prob worse than we think, the Fed is going to pump more $ they don't care

Posted by: Tim Riggins at January 24, 2022 04:54 PM (ZZK0E)

189 the other day I mentioned the possible double top, but we had not broken the 34,000 (DOW) neckline (baseline, whatever). So today we gapped down 200, and then followed on down to 33, 160 or so. ... Then PPT or da Fed or maybe it was just short covering came to the resuce.

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)

190 I'm heavily invested in the stock market so I'd rather not see a "crash" but in all honesty every dollar invested is just a line on someone's register. It's all paper. It's value is whatever the markets make it from day to day. It's there primarily for the kids. If we're wiped out, so are they. I'll be sure to let them know every fucking time this is brought up who crashed the economy and the markets and if voting still matters, vote accordingly.

Posted by: Martini Farmer at January 24, 2022 04:55 PM (BFigT)

191 I'm still flabbergasted that Senile Joe didn't just stick with what Trump was doing. And take credit for it. You know the MSM would've followed along.

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)

192 Posted by: Wyatt Earp at January 24, 2022 04:39 PM (XSRBF)

If the aggressive stocks are NASDAQ, get out of those.

Posted by: Clutch at January 24, 2022 04:55 PM (9UmRs)

193 Plunge Protection Team
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)

194
"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)

195 anyway, if you were able to buy in spring 2020, you saw your stocks gain a.lot. Now you give back some, unless you were lucky enough to sell near the top.

Posted by: mallfly the Peach of Hobokem at January 24, 2022 04:55 PM (Ynyl9)

196 Did ace's post generate a buying frenzy?
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)

197 So, real inflation sits at about 15%. Quick 10% drop on my IRA and Stocks...

What a WONDERFUL way to start Retirment.

Posted by: Romeo13 at January 24, 2022 04:55 PM (oHd/0)

198 Recession? Probably not. Depression? Now we're talking!

Posted by: Blanco Basura - moronhorde.com. Not insurgents, counterrevolutionaries. at January 24, 2022 04:55 PM (SchxB)

199 Remember when the debt was 3 trillion?

Posted by: Aetius451AD Work Laptop at January 24, 2022 04:55 PM (f4mjo)

200 I don't think it's over. At least I'm not cheering that we managed to recover back to the dismal situation we have been in for a while now. Big down day, small up day, big down day, big down day, small up day....just lower lows.
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)

201 >>>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.

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)

202 165 I never understood why anyone voted for Carter or Clintoon either.
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)

203 Corporate earnings have been kept afloat by cheap money from the Fed.

Posted by: aelfheld at January 24, 2022 04:55 PM (Zy9Yy)

204 Obama managed to double the cost of groceries...but it took him 8 years.

Looks like Biden will hit that mark at around 1.5 years.

Posted by: 18-1 at January 24, 2022 04:55 PM (ESjRY)

205 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)

--------

"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)

206 Biden just announced he's sending troops to Wall Street.

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)

207 We need a Drooling Skull for Biden's presidential bulls.

Posted by: All Hail Eris at January 24, 2022 04:56 PM (zqYE5)

208 Stock market is now following the rest of the economy down a well. PRC which does all our manufacturing is falling apart. Fake pandemic has killed economic momentum from previous administration. Government is going broke paying people not to work. But hey, no more mean tweets or insults given to overly proud politicians. Totally worth it, right?

/heavy sarc

Posted by: exdem13 at January 24, 2022 04:56 PM (W+kMI)

209 I'm still flabbergasted that Senile Joe didn't just stick with what Trump was doing. And take credit for it. You know the MSM would've followed along.

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)

210 totally OT but I've been sick and busy but wtf id going on with Russia and Ukraine? Did Biden instigate hostilities unknowingly (because he is a fuckward)?

Posted by: IC - #FJB at January 24, 2022 04:56 PM (hV9ir)

211 Sure, the market could go down. But mean tweets are down 100%

Posted by: Hands at January 24, 2022 04:56 PM (786Ro)

212 I'm still flabbergasted that Senile Joe didn't just stick with what Trump was doing. And take credit for it. You know the MSM would've followed along.

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)

213 "Crackers, for some reason, were nowhere to be found."


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)

214 can they when there's already a 40 year high in inflation?
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)

215 why would anyone pay $2500 for an exercise bike when gyms have mostly reopened? Also, in the past two years, a couple of other companies have started making exercise bikes like Peloton makes and for a lot less.
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)

216 Buy cheap and sell dear. It is really that simple.
Posted by: G'rump928(c)

*winks at Randolph*

Posted by: Mortimer Duke at January 24, 2022 04:56 PM (QzkSJ)

217 I have my best people hunting them down. They can't hide forever.
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)

218 Ace left out the skull because he was trying not to overpromise
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)

219 All that money disappearing is the economy trying to tell you to stop printing do much.

Posted by: sniffybigtoe at January 24, 2022 04:57 PM (UuD2k)

220 Post Trump Economy

Posted by: AlaBAMA at January 24, 2022 04:57 PM (4fSQf)

221 I have beyond meat almost every day, I call it salad

Posted by: Skip at January 24, 2022 04:57 PM (2JoB8)

222 207 We need a Drooling Skull for Biden's presidential bulls.
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)

223 Away from the internet for awhile. Come back to a flaming skull about a market crash and I look and all the indices are up. They're just toying with us now. I believe they want us to jump off of tall buildings ala in 1929.

Posted by: neverenoughcaffeine at January 24, 2022 04:57 PM (2NHgQ)

224 gas is just about $5 here is So Cal. Working from home might become a necessity.

Posted by: IC - #FJB at January 24, 2022 04:57 PM (hV9ir)

225 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)

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)

226 It's just people complaining about delayed treadmills again.

Posted by: Jen Psaki at January 24, 2022 04:58 PM (4n6fw)

227 I think Biden's plan was to declare victory over COVID last summer but the Karenwaffen wouldn't let him.

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)

228 >>>All that money disappearing is the economy trying to tell you to stop printing do much.

Posted by: sniffybigtoe

Also yes.

Posted by: Wyatt Earp at January 24, 2022 04:58 PM (XSRBF)

229 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)

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)

230 ace, if you're still here, I saw your post last thread about the color "puce".

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)

231 Pelotons make people incontinent. It was on the Daily Mail yesterday.

Posted by: Jordan61 at January 24, 2022 04:58 PM (Ez6QX)

232 That's why it bears mentioning as a caveat. Countries do collapse.

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)

233 137 50 >>>37 No Flaming Skull?

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)

234 "Cascade failure" is what we're about to see.

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)

235 I believe they want us to jump off of tall buildings ala in 1929.
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)

236 >> It's just people complaining about delayed treadmills again.

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)

237 Away from the internet for awhile. Come back to a flaming skull about a market crash and I look and all the indices are up. They're just toying with us now. I believe they want us to jump off of tall buildings ala in 1929.
===\
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)

238 136 Biden just announced he's sending troops to Wall Street.
___________

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)

239 It's like un unseen hand came up and bought the sale priced stocks.

Posted by: Boss Moss at January 24, 2022 04:58 PM (todmg)

240 Looks like Biden will hit that mark at around 1.5 years.
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)

241 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)
---------------
Wreckers, hoarders, and saboteurs? Sic the NKVD on them!

Posted by: Deplorable Jay Guevara at January 24, 2022 04:59 PM (YqDXo)

242 Lesson for Today

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)

243 How did our pork bellies do today, Winthrop?

Posted by: Mortimer Duke at January 24, 2022 04:59 PM (guGkK)

244 Just closed on my 3% refi this morning suckas! Guess I lucked out!

Posted by: Defenestratus at January 24, 2022 04:59 PM (ZDwIQ)

245 I usually mangle the historical vignettes

Posted by: kallisto at January 24, 2022 04:59 PM (DJFLF)

246 136 Biden just announced he's sending troops to Wall Street.
------------------
To Occupy Wall Street?

Posted by: Deplorable Jay Guevara at January 24, 2022 04:59 PM (YqDXo)

247 So glad the adults are back in charge. Right?

Posted by: Jane D'oh at January 24, 2022 04:59 PM (ptqGC)

248 gas is just about $5 here is So Cal. Working from home might become a necessity.
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/)

249 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)

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)

250 Yeah, no. Have you been to the grocery lately? I think its done.

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)

251 How many banks are only holding on because they're getting money from the fed for free?

==
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)

252 war drums...and inflation. what can go wrong?

Posted by: Chunky Cheese at January 24, 2022 05:00 PM (5aWFq)

253 223 Away from the internet for awhile. Come back to a flaming skull about a market crash and I look and all the indices are up. They're just toying with us now. I believe they want us to jump off of tall buildings ala in 1929.

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)

254 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/)

you escaped at a good time.

Posted by: IC - #FJB at January 24, 2022 05:00 PM (hV9ir)

255 Can't stock up when there is no stock.

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)

256 I'd really like for Trump to pull a coup and take over the economy. Remember the good economy... like a year ago?

---

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)

257 Full Disclosure; I own BTI
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)

258 We'll be back to trading wampum and scalps before the years over.

Posted by: Capital Eff at January 24, 2022 05:00 PM (GYllL)

259 I have my best people hunting them down. They can't hide forever.
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/)

260 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)


This cannot stand.

Posted by: Mr Aspirin Factory at January 24, 2022 05:01 PM (mdaT8)

261 240 Looks like Biden will hit that mark at around 1.5 years.
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)

262 I just don't want to be wiped out
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)

263 One end of the snake is eating the other.

I call that a fun Saturday night at Man's Country!

Posted by: Barack Obama at January 24, 2022 05:01 PM (ESjRY)

264 if you're not already wealthy enough to afford a castle


What are we, chopped liver?

Posted by: Villagers with torches at January 24, 2022 05:01 PM (Yu9rW)

265 OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

Posted by: Jordan61 at January 24, 2022 05:01 PM (Ez6QX)

266 so...uh...does anyone have any survival compounds I can invade...er visit?

Posted by: Tim Riggins at January 24, 2022 05:01 PM (ZZK0E)

267 The place to invest now is in a company that makes Joe Biden I DID THIS stickers.

Posted by: Cicero (@cicero43) at January 24, 2022 05:01 PM (guGkK)

268 meh, I'm not gonna get wee-wee'd up about something I have no control over. furthermore, I don't really care what happens.

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)

269 Might be worthwhile to look into some animal skins, some rugs and beads. - just in case -

Posted by: Martini Farmer at January 24, 2022 05:01 PM (BFigT)

270 Yeah, I don't see any crackers at my grocery store either yesterday. Not even the Kroger brand ones.
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)

271 I wish Trump could just make the economy all better for his supporters, and let everyone else live in the idiot abject misery and squalor their scumbag policies create. *That* I would vote for.

Posted by: ... at January 24, 2022 05:01 PM (dscaa)

272
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)

273 250 Yeah, no. Have you been to the grocery lately? I think its done.

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)

274 I was hoping we could get rid of Biden and the Dems without an economic wipeout, but it's looking like we're going to need to go through hard times once again.

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)

275 The Cincinnati Bengals are contenders for the Super Bowl for the first time since my freshman year at Wright State. Obviously, this means the Republic is about to crash and burn. GO Bengals!

Posted by: exdem13 at January 24, 2022 05:02 PM (W+kMI)

276 Other thing Sundowner is doing is emptying out Gitmo, setting the terrorists free.

Posted by: Skip at January 24, 2022 05:02 PM (2JoB8)

277 I used to be all rah-rah for business. Not any more. I love it when companies like Peloton and Netflix take it in the shorts.

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)

278 265 OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

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)

279 But Brandon's drunken-sailor spending spree seems to have been the last straw.

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)

280 I thought a relative of mine was going to start a survival, charisma cult in a farm up state and I always thought I'd be able to hunker there if SHTF but I think he decided to trade bitcoin in NYC instead so there goes that idea.

Posted by: Tim Riggins at January 24, 2022 05:02 PM (ZZK0E)

281 The Webb Telescope has completed its final orbital insertion burn and is now in its final location. Over the next few months, they'll keep calibrating and focusing.

Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:02 PM (DU+/6)

282 Welcome to the Brandonsession!

Posted by: Droolin' Joe Biden! at January 24, 2022 05:02 PM (I2/tG)

283 I simply can't believe this man is my president. The POTUS is a moron and Russia and China know it. That's why they are going to pounce.

Posted by: sideny at January 24, 2022 05:02 PM (LJJah)

284 OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

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)

285 I'd really like for Trump to pull a coup and take over the economy. Remember the good economy... like a year ago?
==
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)

286 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)
------------------
That's the problem: inflationary expectations drive subsequent inflation.

Posted by: Deplorable Jay Guevara at January 24, 2022 05:02 PM (YqDXo)

287 The Learning Center is having its weekly thing at my church this afternoon.

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)

288 278 265 OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

----


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)

289
January 20th 2021.
The date when everything went to shit.

Posted by: YIKES! at January 24, 2022 05:03 PM (t6XCL)

290 140 "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."

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)

291 "14 A Dark and Deadly Winter was promised by Shits in Vatican.

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)

292 what, no sardines?
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)

293 The Conservative Case for the Stock Market Tanking.

Posted by: Jane D'oh at January 24, 2022 05:03 PM (ptqGC)

294 I'm going get crap for this but the economy boomed in spite of Trump. He just let it rebound from Obama . Whether proactive policies like his China policy would have created a bigger boom we will never know because of Covid. He should have allowed interest rates to be raised and he also had no problem increasing the debt. And all his gains were going to be lost with the trillions we spent on Covid Relief giveaways.

Posted by: Anti doesn't matter at January 24, 2022 05:04 PM (sUMfc)

295 I believe they want us to jump off of tall buildings ala in 1929.

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)

296 Obviously, this means the Republic is about to crash and burn. GO Bengals!

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)

297 People just don't get it. If you're going to eat stinky, take it outside
Posted by: kallisto

Girl!! Phrasing please!

Posted by: Tonypete at January 24, 2022 05:04 PM (mD/uy)

298 "Anyone here believe the UE rate is 3.9%?"

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)

299 It's a good thing we are all quite resilient.

Posted by: nurse ratched at January 24, 2022 05:04 PM (W2Pud)

300 so, Biden got schlonged by the stock market

Posted by: Tim Riggins at January 24, 2022 05:04 PM (ZZK0E)

301 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)


That is an oddly specific list.

Posted by: blaster at January 24, 2022 05:04 PM (9otr5)

302 I promise to track down the crackers that killed my ex and the waiter!

Posted by: O.J. Simpson at January 24, 2022 05:04 PM (UHVv4)

303 Aldi's today - said on last thread...

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)

304 That's the problem: inflationary expectations drive subsequent inflation.
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)

305 As someone commented on the Twatter bit about F. Joe's "overperforming": Yes, he did overperform. Everyone thought he'd be a mess -- but he's been a disaster.

Posted by: Wolfus Aurelius at January 24, 2022 05:05 PM (txdEq)

306 >>>Just closed on my 3% refi this morning suckas! Guess I lucked out!

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)

307 I saw Eat Stinky open up for Oingo Boingo back in '86.

Posted by: ... at January 24, 2022 05:05 PM (dscaa)

308 love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

"let me just warm this up in the microwave first"

Posted by: Christopher R Taylor at January 24, 2022 05:05 PM (KZzsI)

309
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)

310 The Webb Telescope has completed its final orbital insertion burn and is now in its final location. Over the next few months, they'll keep calibrating and focusing.

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)

311 Yeah, I don't see any crackers at my grocery store either yesterday.


No white people?

Posted by: Hands at January 24, 2022 05:05 PM (786Ro)

312 I'm paying about 50-60% more for grocery from when Trump left office, but the inflationary prices are accelerating.

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)

313 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)

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)

314 265 OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.
====
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)

315 of course les Francais are not allowed to eat at their desk.

They eat limburger cheese and stuff

Posted by: kallisto at January 24, 2022 05:05 PM (DJFLF)

316 January 20th 2021.
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)

317 Don't worry - war with Russia will fix our economy!

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)

318 Biking the Alps would be cool
--------------------------

Posted by: john kerry at January 24, 2022 05:05 PM (UHVv4)

319 I don't believe the financial gurus know what they are talking about but I say that the knotty pine branch they've been quantitatively easing up the economy's bunghole is about to be broke off and the market's going on a rough ride with a big stick up its backside. Could the dollar default? If interest rates go up the cost of that borrowed money will exceed our ability to pay it back.

Posted by: Minuteman at January 24, 2022 05:05 PM (LaNzR)

320 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)
-----------------

Didn't SF pass a law like that?

Posted by: Deplorable Jay Guevara at January 24, 2022 05:05 PM (YqDXo)

321
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)

322 The Fed has been a one trick pony for so long now it's comical. They can't lower rates and they can't inject cash into the system to stop this.

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)

323 19% still strongly approve of Joe. Do we have that many government employees? And pray for our soldiers, except the ones that would kill us as easily as they would a Ukrainian peasant or Russian dog face.

Posted by: Indignatio Vindicatorem at January 24, 2022 05:05 PM (oWBc3)

324 The Cincinnati Bengals are contenders for the Super Bowl for the first time since my freshman year at Wright State. Obviously, this means the Republic is about to crash and burn. GO Bengals!
==
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)

325 292 what, no sardines?
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)

326 315 of course les Francais are not allowed to eat at their desk.

---

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)

327 Not sure about the "f-up" part.

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)

328 285 I'd really like for Trump to pull a coup and take over the economy. Remember the good economy... like a year ago?
==
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)

329 Girl!! Phrasing please!

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)

330 It's a good thing we are all quite resilient.

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)

331 >>OT - love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

You try leftover fish head and rice? I heat in microwave.

Posted by: Taiwanese Office Worker at January 24, 2022 05:07 PM (GYllL)

332 I look forward to reading Monty's Doom Thread as I enter my golden years.

Posted by: Jinx the Cat at January 24, 2022 05:07 PM (wZxsP)

333 What people wished for in 2018: Promotions, a nice vacation, that new marvel movie to be good.

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)

334 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)


Same here. Refi'ed at 2.5% last August.

Posted by: Jordan61 at January 24, 2022 05:07 PM (Ez6QX)

335 I'm going get crap for this but the economy boomed in spite of Trump. He just let it rebound from Obama . Whether proactive policies like his China policy would have created a bigger boom we will never know because of Covid. He should have allowed interest rates to be raised and he also had no problem increasing the debt. And all his gains were going to be lost with the trillions we spent on Covid Relief giveaways.
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)

336 was so traumatized that Chicken in a Biskit is still out there...and people are eating them!

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)

337 days are getting longer...

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)

338 I'll believe the fed will raise interest rates by more than a token tiny amount when I see it. Sure they probably should do it, but I don't think they can because they've run the debt up so high. But perhaps they can manage a short period of selling new debt to pay interest on old debt. Normal rules don't apply to the feds. At some point I think reality must win out, but the fantasy has been going far longer than *I*, non economist, not even business person, would have thought it possibly could do.

Posted by: PaleRider is simply irredeemable at January 24, 2022 05:08 PM (3cGpq)

339 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)
------------------
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)

340 If they can deny you medicine they damn sure can deny you food.

Posted by: gourmand du jour at January 24, 2022 05:08 PM (jTmQV)

341 Chicken in a Biscuit is the best snack cracker.

What are you, a commie?

Posted by: Aetius451AD Work Laptop at January 24, 2022 05:08 PM (f4mjo)

342 I was told that I stunk up the entire lunch room at work today eating chicken Pho.

Posted by: Archer at January 24, 2022 05:08 PM (gmo/4)

343 The Dollar Store is raising prices to $1.25. Really a 25% increase!? Thats just gouging!

Posted by: Chunky Cheese at January 24, 2022 05:08 PM (5aWFq)

344 319 I don't believe the financial gurus know what they are talking about but I say that the knotty pine branch they've been quantitatively easing up the economy's bunghole is about to be broke off and the market's going on a rough ride with a big stick up its backside. Could the dollar default? If interest rates go up the cost of that borrowed money will exceed our ability to pay it back.
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)

345 Never underestimate Joe Biden's ability to fuck everything up.

- Barry

If anything, I've over-delivered.

- Joe

Posted by: Grudge Harbor at January 24, 2022 05:08 PM (wBpKf)

346 Not to worry, we are currently hunting down all the wreckers, saboteurs, and kulaks damaging our economy!

These traitors will not go unpunished!

Posted by: Droolin' Joe Biden! at January 24, 2022 05:09 PM (I2/tG)

347 I don't believe there is any way for an individual investor to beat teh computerized mass trades that the big guys make. I did my own trading for many years and had some terrific picks but also some really really bad ones. Now I am in mutual funds with a big company, but several different ones so technically should not get hurt unless the entire market goes but even then I have to rely on the "big" guys to figure out what to do. So far over the time I have done this have done very well. Information about performance is available for mutual funds in multiple places so you can see their long term averages. Then dollar cost average into those funds.

Posted by: sharon(willow's apprentice) at January 24, 2022 05:09 PM (Y+l9t)

348 Economists: 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.

FJB: Hold my Aricept.

Posted by: Cat Ass Trophy at January 24, 2022 05:09 PM (F4b8f)

349 >>>love it when people bring salmon and brussels sprouts for lunch and then eat at their desks.

*Laughs in durian*

Posted by: Citizen Cake at January 24, 2022 05:09 PM (HmZuC)

350 Welp, looks like I'll be lighting cigars with 50s instead of 100s for a while.

Posted by: Weasel at January 24, 2022 05:09 PM (0IeYL)

351 Deferred comp is over 300K. Put in money from the day I joined the department. I intend to find another job when I leave this one, so it's not a huge issue.

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)

352 I don't know anyone who is a big Peloton fan, but I think the virtual workout is a big selling point. You can join a fitness class remotely and have the benefit of the group class rather than a solo workout.

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)

353 19% still strongly approve of Joe.

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)

354 341 Chicken in a Biscuit is the best snack cracker.

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)

355 What are all these people doing for money that have all decided to quit? I have never seen anything like this, I couldn't get a plumber today to save my life. Nobody is working at places anymore.

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)

356 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)

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)

357
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)

358 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)

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)

359 279 But Brandon's drunken-sailor spending spree seems to have been the last straw.

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)

360 I really want to throat-punch the next prog who says, "But Joe has been super busy un-doing all the bad things Trump did!"

Name one "bad thing," tool bag.

Posted by: Jane D'oh at January 24, 2022 05:10 PM (ptqGC)

361 It ended up +99 ?

Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:10 PM (g43JH)

362 I was told that I stunk up the entire lunch room at work today eating chicken Pho.

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)

363 September 2008 Labor force participation rate was 66. that is about when we knew Obama would be elected and save us from the capitalists, and he would pay for our free stuff out of his stash.
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)

364 I don't know anyone who is a big Peloton fan


The Allstate Mayhem commercials with stationary bikes are hilarious!

Posted by: Archer at January 24, 2022 05:11 PM (gmo/4)

365 No Wheat Thins or any other crackers at Boston area Wegmans yesterday. Bare spots on shelves all over the place, also in meat, dairy and pre-made/takeaway sections. Was unnerving.

Posted by: Goldilocks at January 24, 2022 05:11 PM (hUjT1)

366 If you are "investing" in a couple mini-guns.. best to also invest heavily in ammo..

Posted by: Inogame at January 24, 2022 05:11 PM (53oGX)

367 *invokes "5 o'clock somewhere" clause*
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)

368 Crackers? Walmart near me has the Premium Saltines on the bottom shelf, and the WM house brand, $1 cheaper -- but those are up on the top shelf where only basketball players can reach. Or you have to ask a clerk for help, if you can find one. Sneaky.

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)

369 364 I don't know anyone who is a big Peloton fan

------------------

Dana Bush Perino is.

Posted by: Jane D'oh at January 24, 2022 05:12 PM (ptqGC)

370 Joey Bidet, "Build back better!"

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)

371 All I know is that the country is ungovernable and the Presidency is too big for one man with a magic wand.

Posted by: G'rump928(c) at January 24, 2022 05:12 PM (yQpMk)

372 The thing is we *as a country* won't really collapse into utter ruin for a while because "we" make the rules.

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)

373 You won't be wiped out if you don't sell out at a major loss.

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)

374 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)
---------------------
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)

375 I need a smaller carry piece or larger pants...

Posted by: Chunky Cheese at January 24, 2022 05:12 PM (5aWFq)

376 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)


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)

377 The old joke was that Democratic presidents give you wars, and Republican presidents give you recessions, but I'm going to give you both!

Posted by: Droolin' Joe Biden! at January 24, 2022 05:12 PM (I2/tG)

378 If you are really prepping for a mad max future you want a rifle that can handle anything and is easy to fix.

Miniguns would not be on my list.

Posted by: 18-1 at January 24, 2022 05:12 PM (ESjRY)

379 355 What are all these people doing for money that have all decided to quit? I have never seen anything like this, I couldn't get a plumber today to save my life. Nobody is working at places anymore.

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)

380 I want to know how it was down 1100 and ended up + 99

Posted by: It's me donna .. God bless and Keep OM, Tami and Red at January 24, 2022 05:12 PM (g43JH)

381 Crackers? Walmart near me has the Premium Saltines on the bottom shelf, and the WM house brand, $1 cheaper -- but those are up on the top shelf where only basketball players can reach. Or you have to ask a clerk for help, if you can find one. Sneaky.

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)

382
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)

383 No Wheat Thins or any other crackers at Boston area Wegmans yesterday. Bare spots on shelves all over the place, also in meat, dairy and pre-made/takeaway sections. Was unnerving.
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/)

384 Life is good, just caught a hog pod in the open and dropped one at plus/minus 130 yards with my Bergera 308, in the rain. I'm in my truck, but in the rain.

Posted by: Indignatio Vindicatorem at January 24, 2022 05:13 PM (oWBc3)

385 What's the deal with crackers being out?

Posted by: bonhomme at January 24, 2022 05:13 PM (RaNzC)

386 Strategy for success: overpromise and underdeliver. You will have them clamoring for more!

Posted by: Cat Ass Trophy at January 24, 2022 05:13 PM (F4b8f)

387 I hosted a huge celebratory party at our church for our new pastor last night. Wine was served, and I was told a certain Karen was displeased.

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)

388 Ace, did you forget to use the word "transitory" when talking about our imminent financial collapse?

Posted by: Darth Randall at January 24, 2022 05:13 PM (7TsB3)

389 Of course we're starting into a depression. We can already look at the numbers in the red and there's no sign of stopping.

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)

390 I love WASA crackers, so shoot me.

Posted by: Chunky Cheese at January 24, 2022 05:13 PM (5aWFq)

391 Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:07 PM (DU+/6)

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)

392 Went grocery shopping yesterday at Safeway and placed at least a dozen I Did That stickers on empty shelves.

Posted by: Capital Eff at January 24, 2022 05:14 PM (GYllL)

393 No mean tweets, though, so it's cool.

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)

394
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)

395 So the Powerball jackpot tonight in a few months might buy one grocery cart of food...

Thanks Joeey.

Posted by: Anna Puma at January 24, 2022 05:14 PM (J6Mwf)

396 I assume part of the people out of the work force is people that needed more money to live "well" but can get by on savings and some under the table work for a long time. Sort of an early retirement.

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)

397 Enjoy the show

Posted by: azjaeger at January 24, 2022 05:14 PM (45uJa)

398 380 I want to know how it was down 1100 and ended up + 99
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)

399 257 Full Disclosure; I own BTI
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)

400 "What's the deal with crackers being out?"

No more white Pipo on tv ads!

Posted by: gourmand du jour at January 24, 2022 05:15 PM (jTmQV)

401 I hosted a huge celebratory party at our church for our new pastor last night. Wine was served, and I was told a certain Karen was displeased.

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)

402 I'm trying to wrap my head around having brussels sprouts and salmon together. I like 'em both. Not together tho'.

Posted by: Martini Farmer at January 24, 2022 05:15 PM (BFigT)

403 The world's coming apart...and we're discussing crackers. That's why I love this place.

Posted by: Citizen Cake at January 24, 2022 05:15 PM (HmZuC)

404 Now I am in mutual funds with a big company, but several different ones so technically should not get hurt unless the entire market goes but even then I have to rely on the "big" guys to figure out what to do. So far over the time I have done this have done very well.
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)

405 You could've made 2% or so on the market today if you wouldn't have been bothered losing 2-5% if things had gone the other way.

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)

406 But Brandon's drunken-sailor spending spree seems to have been the last straw.

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)

407 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)

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)

408 Hello darkness, my old friend . . . .

Posted by: flounder, wrecker, hoarder, saboteur, mourner at January 24, 2022 05:16 PM (SH2Zi)

409 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 (Xrfse)

410 Hyperbole much?

Posted by: AstroDB at January 24, 2022 05:16 PM (a48q1)

411 "What's the deal with crackers being out?
Posted by: bonhomme "

I already figured Vegetable Wheat Thins where ghey.

Posted by: fd at January 24, 2022 05:16 PM (vrz2I)

412 What started all of this was the decision to close down the pipeline, rescind leases, and do everything possible to raise the price of transporting goods. The first step in inflation. Gas prices almost doubled. We went from energy independence to imprting oil from Russia! Close down thousands of small businesses with additional regulations. None of this wouldhave happened under Trump.

Posted by: sharon(willow's apprentice) at January 24, 2022 05:16 PM (Y+l9t)

413 > The Fed is between a rock and hard place, having put monetary policy into the coffin corner of the envelope.

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)

414 394 Ah, the manufactured "global recession" of 2008.
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)

415 Of course we're starting into a depression. We can already look at the numbers in the red and there's no sign of stopping.
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)

416 I have a dude who retired some years back and loves doing handiwork. He does everything from mechanical fixes, to assorted structural modifications, indoor and out, to basic plumbing. He has a woodshop where he manufactures and modifies whatever he needs for the job. He does it to keep himself occupied so only charges $25 per hour. He also only does things right, or not at all.

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)

417 DOW - up - 99.13 (0.29%)
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)

418 We are overdue for a recession. Just glad it is happening on Brandon's watch.

Posted by: Matt Harris at January 24, 2022 05:17 PM (g1cnc)

419 344 319 I don't believe the financial gurus know what they are talking about but I say that the knotty pine branch they've been quantitatively easing up the economy's bunghole is about to be broke off and the market's going on a rough ride with a big stick up its backside. Could the dollar default? If interest rates go up the cost of that borrowed money will exceed our ability to pay it back.
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)

420 343 The Dollar Store is raising prices to $1.25. Really a 25% increase!? Thats just gouging!
=========
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)

421 I'll believe the fed will raise interest rates by more than a token tiny amount when I see it. Sure they probably should do it, but I don't think they can because they've run the debt up so high. But perhaps they can manage a short period of selling new debt to pay interest on old debt. Normal rules don't apply to the feds. At some point I think reality must win out, but the fantasy has been going far longer than *I*, non economist, not even business person, would have thought it possibly could do.
==
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)

422 301 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)

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+)

423 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 (Xrfse)
---
They retired.

Posted by: Ace-Endorsed Author A.H. Lloyd at January 24, 2022 05:17 PM (llXky)

424 It's the End of the World as We Know It
It's the End of the World as We Know It

Posted by: kraken at January 24, 2022 05:17 PM (6Je/Q)

425 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)

Maybe they'll take a page from Erdogan and advocate for rate cuts?

Posted by: Thrawn at January 24, 2022 05:17 PM (Rl7KJ)

426 409 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 (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)

427 397 Enjoy the show
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)

428 21 wyatt earp Ride it out is what I would do.

Posted by: Theodore at January 24, 2022 05:17 PM (GJnvT)

429
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)

430

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)

431 What's the deal with crackers being out?

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)

432 This redhead in a bikini is getting some skiing in this year, since she won't be able to afford it next year:
https://is.gd/fal11B

Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:18 PM (DU+/6)

433 What? You didn't think you would get all this for $20, did you?

Posted by: Just the Punchline at January 24, 2022 05:18 PM (yQpMk)

434 Joe can now finally admit he outperformed the stock market.

Posted by: Roy at January 24, 2022 05:18 PM (Ti+Tv)

435 Milos sweet tea at my Walmart went from $0.98 to $1.18.

But its all transitory.

Posted by: Anna Puma at January 24, 2022 05:18 PM (J6Mwf)

436 All markets are up today. What the fuck are you talking about?

Posted by: AstroDB at January 24, 2022 05:18 PM (a48q1)

437 hiya

Posted by: JT at January 24, 2022 05:18 PM (arJlL)

438 DOW - up - 99.13 (0.29%)
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)

439 417 DOW - up - 99.13 (0.29%)
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)

440 405 You could've made 2% or so on the market today if you wouldn't have been bothered losing 2-5% if things had gone the other way.

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)

441 Recession?

Wasn't it Biden that said chy na wasn't that bad... nice people$

Posted by: artisanal ette at January 24, 2022 05:19 PM (xKKnI)

442 423 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 (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)

443 There's probably some plan to get rid of the word "cracker" so they will all disappear and then come back renamed something like "Healthy Crisps" or some ghey one world shit like that.

Posted by: fd at January 24, 2022 05:19 PM (vrz2I)

444 417 DOW - up - 99.13 (0.29%)
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)

445 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)

Or that the govt doesn't re-write the rules.

Posted by: GM shareholders at January 24, 2022 05:19 PM (F9322)

446 436 All markets are up today. What the fuck are you talking about?
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)

447 All these financials don't matter.

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)

448 None of this wouldhave happened under Trump.
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)

449 you know, next global panic stock day, I'm going to buy options for the rebound.

Posted by: Tim Riggins at January 24, 2022 05:20 PM (ZZK0E)

450 They prefer the term, "white people," or "Caucasian."

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)

451
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)

452 Herbert Hoover smirks from somewhere beyond the veil. Maybe even laughs.

Posted by: Erik In Texas at January 24, 2022 05:20 PM (mIJ9W)

453
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)

454 New personal conspiracy theory:

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)

455 Trump was able to run the race. He could offset the inflation, spending and cheap credit by his own tax cuts and economic policy, but mostly by the perception of a business-friendly environment.

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)

456 Can I just say that maybe it's just me but cheese and crackers is one of those things that is just waayyyyy better than it should be. Gets me by surprise every time.

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)

457 451
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)

458
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)

459 Trump's stock has gone from 12 to 179, then back to 30s and is now around 80 again. Value.

Posted by: LASue at January 24, 2022 05:21 PM (Ed8Zd)

460 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)

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)

461 I hope Jeff Sessions is living large in his retirement.

Posted by: Capital Eff at January 24, 2022 05:21 PM (GYllL)

462 California starts to take it to the next level:

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)

463
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+)

464
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)

465 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)

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)

466 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)

It hit the 10% correction, then the computers bought.

Posted by: Romeo13 at January 24, 2022 05:21 PM (oHd/0)

467 Woke VFW is celebrating black veterans for black history month.

Posted by: Cat Ass Trophy at January 24, 2022 05:22 PM (F4b8f)

468 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)

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+)

469 This redhead in a bikini is getting some skiing in this year, since she won't be able to afford it next year:
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)

470 466
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)

471 466 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)

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)

472 I want to know how it was down 1100 and ended up + 99
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)

473 451
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)

474 Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
==
All of the good news in one place.

Posted by: Arghhhh at January 24, 2022 05:23 PM (YubW7)

475 I can't wait for June when the VFW celebrates LGBTQ vets.

Posted by: Cat Ass Trophy at January 24, 2022 05:23 PM (F4b8f)

476 At the risk of being mocked mercilessly, I actually bought a Peloton at the start of the pandemic and love it. It has gotten me to exercise regularly (5 or more times per week) and certain instructors and awesome playlists keep my interest. I agree they expanded too fast and some of their customers border on cult-insanity but their product and content is really great and for me is worth it. YMMV.

Posted by: Goldilocks at January 24, 2022 05:23 PM (hUjT1)

477 None of this wouldhave happened under Trump.

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)

478 463
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+)

479 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)


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)

480 do not for one minute believe the market went back up. You can bet a strategic phone call was made to Wall Street and an unidentified voice said something like, "nice market you have there, shame if something happened!"

Posted by: blake - semi lurker in marginal standing (5pTK/)) at January 24, 2022 05:23 PM (5pTK/)

481 If I could predict the stock market, I'd be a super rich dude tanning on my yacht in the Riviera while young French girls made me sandwiches and fetched me brewskis.

Posted by: Carlos at January 24, 2022 05:23 PM (T/LgB)

482 Unexpectedly!

Posted by: That flak who says "Unexpectedly!" at January 24, 2022 05:23 PM (a3Q+t)

483 "We bought our current home for $685 back in 2016."

Wow. I've dropped that much at the horse tracks...

Posted by: gourmand du jour at January 24, 2022 05:24 PM (jTmQV)

484 One resource I can't stress enough for things like retirement planning is Bogleheads.org.

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)

485 From down 1100 to up 99 doesn't compute
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)

486 Posted by: Cat Ass Trophy at January 24, 2022 05:20 PM (F4b8f)

I buy it.

Posted by: ... at January 24, 2022 05:24 PM (dscaa)

487 463
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)

488 Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.
==
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)

489 Make a fortune in the Trump economy. Now is the time to protect it.

Posted by: kraken at January 24, 2022 05:24 PM (6Je/Q)

490 445 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)

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)

491 The mistake is thinking today was the only down day and we recovered so good news, right. No, the market has been on a downward trend all month. All that happened today was we marked time. Went down and then came back but just barely above where it was when the day started. Market back where it was 6 months ago.

Posted by: sharon(willow's apprentice) at January 24, 2022 05:24 PM (Y+l9t)

492 I used to be a drunken sailor but I only spent MY OWN money.

Posted by: Bertram Cabot, Jr. at January 24, 2022 05:24 PM (63Dwl)

493 Tomorrow will be interesting. Will people who wish that they had sold today be selling tomorrow morning?

Posted by: G'rump928(c) at January 24, 2022 05:24 PM (yQpMk)

494 The associated low may be comparable to a Cat-2


Unprecedented! Climate change! Sea level rise!

Posted by: Cat Ass Trophy at January 24, 2022 05:25 PM (F4b8f)

495 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


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)

496 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)
++++
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)

497 I can't wait for June when the VFW celebrates LGBTQ vets.
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)

498 AI people.
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)

499 Now local news is running a horror story on the perils of snow sledding for children.

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)

500 Kraken, your advice about 4 weeks too late.

Posted by: sharon(willow's apprentice) at January 24, 2022 05:25 PM (Y+l9t)

501 448 None of this wouldhave happened under Trump.
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)

502
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)

503 493 Tomorrow will be interesting. Will people who wish that they had sold today be selling tomorrow morning?
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)

504 463
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)

505 What did Mz. Pelosi and company buy today?

Posted by: Martini Farmer at January 24, 2022 05:26 PM (BFigT)

506 488 Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.

---

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)

507 500 Kraken, your advice about 4 weeks too late.
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)

508
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)

509 What drives me nuts (#74 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)

510 has "geoff" been around at that other blog lately?

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)

511 Global Climate Change Warming Imperial Polar Armageddsnow Vortex Storm

Posted by: ... at January 24, 2022 05:27 PM (dscaa)

512 Trump was also forcing manufacturers back into the US and creating wealth for people.

Posted by: AlaBAMA at January 24, 2022 05:27 PM (4fSQf)

513 Posted by: Yudhishthira's Dice at January 24, 2022 05:20 PM (Cf/uA)

I can't disagree with that kinder evaluation.

Posted by: Anti doesn't matter at January 24, 2022 05:27 PM (sUMfc)

514 None of this wouldhave happened under Trump.
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)

515 >>>Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.

Yes, but what crackers go best with a blizzard?

Posted by: Citizen Cake at January 24, 2022 05:27 PM (HmZuC)

516 Thanks, Brandon and Democrats, for the loss of a pretty huge chunk of change in my 401K and savings, just as I begin to think of retirement.

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)

517 What drives me nuts (#74 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)
++++
"Dow Mixed on Manufacturing Uncertainty"

Posted by: Joe Mannix (Not a cop!) at January 24, 2022 05:28 PM (DU+/6)

518 What did Mz. Pelosi and company buy today?

Ammo

Posted by: Cat Ass Trophy at January 24, 2022 05:28 PM (F4b8f)

519
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)

520 Yes, but what crackers go best with a blizzard?
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)

521 515 >>>Monster blizzard forecast for the Northeast for next week. The associated low may be comparable to a Cat-2 hurricane.

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)

522 316 Is Monty still somewhere around to write about how screwed we are?

pretty sure they were cancelled.

Posted by: #3: The Larch at January 24, 2022 05:29 PM (oY6Yp)

523 > I actually bought a Peloton at the start of the pandemic and love it. It has gotten me to exercise regularly (5 or more times per week) and certain instructors and awesome playlists keep my interest.

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)

524
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)

525 Tomorrow will be interesting. Will people who wish that they had sold today be selling tomorrow morning?
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)

526 nood unmasking

Posted by: andycanuck (UHVv4) at January 24, 2022 05:30 PM (UHVv4)

527 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)


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)

528 499 Now local news is running a horror story on the perils of snow sledding for children.

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)

529 None of this wouldhave happened under Trump.

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)

530
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)

531 That used to be called a Nor'easter.

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)

532 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)
--------------------

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)

533 You get alot of this whipsawing action in the markets at the end of a bull run.
I did that ----LJB

Posted by: Lars Pilsen at January 24, 2022 05:54 PM (kJH1Z)

534 My 401K lost $1400 in 2 days. I just yanked it all out. Preparing to shelter in place for a while.

Posted by: insurgens ad opus at January 24, 2022 05:58 PM (Zl0qV)

535 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)
-----

That's a feature, not a bug.

Posted by: insurgens ad opus at January 24, 2022 06:04 PM (Zl0qV)

536 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)

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)

537 Anybody relying on a forecast for a blizzard this far out would also be a good candidate to hear from a Nigerian prince.

Posted by: Tofer732 at January 24, 2022 06:12 PM (GcxM3)

538 Blue Horseshoe loves Annicott Steel.

Posted by: Bud Fox at January 24, 2022 06:17 PM (Spr0s)

539 Catastrophic market crash? Please. Wake me when we're back to March 2009 lows.

Posted by: Ernie McCracken at January 24, 2022 06:21 PM (NQsoJ)

540 hang on tight if youre still in it...the last time the s & p did what it did today was in 2008 when another democrat was in the white house - the market fell another 35 percent after that

Posted by: sound awake at January 24, 2022 06:35 PM (eFmXj)

541 My American Buffalo's are looking kinda shiny right now.

Posted by: Sock Monkey * Ungovernable at January 24, 2022 06:44 PM (U48vO)

542 "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..."

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)

543 "PS - No business should ever be allowed to be too big to fail..."

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)

544 502
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)

545 Transitory Market Crash

Posted by: Java Joe at January 24, 2022 10:16 PM (VsPm9)

546 325 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.
----
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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