The Fed Raises Interest Rates by 0.75%;
The Propaganda Media Pretends It's The Fed That's Choking the Economy, Rather Than Biden's Toxic Profligacy That Forced The Fed to Impose Higher Interest Rates

The Fed raised interest rates by 0.75% again. This is the third time they've raised it by three quarters of a point.

The Dow fell 522 points by the close.

The Atlanta Fednow tracker for GDP projection has reduced its forecast for the third quarter to almost zero -- 0.3%.

They're trying to avoid the psychological shock of a full one point hike.

The media is offering headlines suggesting it's the Fed who is "taking the economy off the side of a cliff."

No, it was Joe Biden and the Democrat Congress who did that. They caused this runaway inflation. When you set a fire, the next thing that happens is that the fire department comes to put it out -- and you can't complain when they spray water everywhere and ruin all your furniture by soaking it.

But that's how the media is playing it. It's The Fed's fault!

Why is The Fed ruining Joe Biden's wonderful economy?!!

SMALL BUSINESS PLAYBOOK

The Fed just raised interest rates by another 0.75%, putting Main Street economy 'dangerously close' to edge of lending cliff

That's the unfortunate intention. Biden pumped a trillion plus dollars of excess dollar bills into the economy. And then, just a month ago, he pumped in another $740 billion.

The only way the Fed knows how to correct for this is to raise interest rates so high so as to make it hard to borrow money. This makes it hard for banks to inject new money into the economy -- borrowed money is basically money taken from the future and put into circulation in the present. By reducing the amount of money that can be "borrowed from the future," the Fed hopes to offset the trillions of extra dollars Biden has already flooded the economy with right now.

This is a painful process. It's ugly. It's miserable.

Which is why governments usually attempt to not unleash toxic hyperinflation upon their country.

But your leftwing propaganda lugenpresse is here to tell you: It's all the Fed's fault. They're the ones doing this!

Small business owners have not faced lending costs reaching into the double-digit percentages in decades.

Small Business Administration loans could rise to above 9% by year-end if the Federal Reserve continues to raise rates in its battle against inflation.

Rates should never be the sole determinant of business growth strategy and a decision to source new capital, but lending costs are nearing a point where monthly cash flow may not be enough to cover debt repayment in a softer economy.

...

If the Federal Reserve's FOMC next moves match the market's expectation for two more interest rate hikes by the end of the year, small business loans will reach at least 9%, maybe higher, and that will bring business owners to a difficult set of decisions. Businesses are healthy today, especially those in the rebounding services sector, and credit performance remains good throughout the small business community, according to lenders, but the Fed's more aggressive turn against inflation will lead more business owners to think twice about taking out new debt for expansion.

Partly, it is psychological: with many business owners never having operated in anything but a low interest rate environment, the sticker shock on debt stands out more even if their business cash flow remains healthy enough to cover the monthly repayment. But there will also be more businesses finding it harder to make cash flow match monthly repayment at a time of high inflation across all of their other business costs, including goods, labor, and transportation.

"Demand for lending hasn't changed yet, but we're getting dangerously close to where people will start to second guess," said Chris Hurn, the founder and CEO of Fountainhead, which specializes in small business lending.

"We're not there yet," he said. "But we're closer."

Businesses which are struggling will find that they can only get loans at high interest rates. They will have to choose between borrowing at high interest rates -- which may be unprofitable -- or just shutting down.

Businesses which are looking to expand will face the same choice: Borrow at a cost which will make expansion unprofitable, or forgo expansion? Many will chose not to expand in this borrowing climate.

People thinking about starting up a business face the same choice, but with an even tougher bite: Starting up a business is always tough. Many businesses do not turn profitable for the first couple of years, and many business owners do not pay themselves a salary during this period. They live on borrowed money.

But the cost of borrowed money is high, and going up still further. So the costs of starting up a business is very high.

Many people thinking about starting a business will therefore choose not to do so, and those who choose to give it a go will find it even more painful than they expected.


But, again:

1, this is, unfortunately, the entire intention behind raising interest rates. There is too much "fake money" in the system and that fake money must be bled out of the system through catheters in the banking system.

2, this is why you don't elect Democrats, ever.

3, this is why "Luxury Socialism" and BigJuicyBootynomics can never work.

One good thing: All the Fake Tech Businesses which have never, ever been profitable but which have continued to persist in a lich-like state due to infusions of fresh blood in the form of cheap borrowed money should soon be exposed to sunlight and vaporized.

Increasing energy production would take some of the sting out of this

but nahhhhh why do that
Posted by: BlackOrchid

YUP! If you actually create real value to match the fake dollars, turning them into REAL dollars, then you reduce inflation (and increase real wealth). Inflation is a mismatch between scraps of paper which are supposed to denote value and actual things of value; if you increase things of actual value so that they are closer in number to the scraps of paper denoting value, you have less inflation.

But naaaaahhhhh

Let's just make more fake dollars! And make *less* energy!
Posted by: ace

Posted by: Ace at 04:54 PM




Comments

(Jump to bottom of page)

1 First?

Posted by: BunkerintheBurbs at September 21, 2022 03:54 PM (y8NK7)

2 I'll go get the otters

Posted by: BunkerintheBurbs at September 21, 2022 03:54 PM (y8NK7)

3 As my wife has long observed, "Democrats will sell the country's silver".

Posted by: ... at September 21, 2022 03:55 PM (pIwnI)

4 The Unpalatble image of a “ Big Juicy Booty” returns!!!!

Posted by: kraken at September 21, 2022 03:56 PM (Vr12I)

5 this will do WONDERS for my ARM

Posted by: kallisto at September 21, 2022 03:57 PM (dCxaZ)

6 "Too many people spending money; we need less jobs."

Yours truly
Washington DC

Posted by: Glenn John at September 21, 2022 03:57 PM (M3hSG)

7 >>>4 The Unpalatble image of a “ Big Juicy Booty” returns!!!!


it's because I know i'm #triggering you guys

Posted by: ace at September 21, 2022 03:57 PM (B3oWe)

8 AOC and Sloopy Girl ought to have a dance off of sorts.

Posted by: Count de Monet at September 21, 2022 03:57 PM (4I/2K)

9 Good afternoon everyone.

Posted by: Tonypete at September 21, 2022 03:57 PM (LsEU/)

10 They should have raised the rates last year.

Posted by: kraken at September 21, 2022 03:58 PM (Vr12I)

11 this is, unfortunately, the entire intention behind raising interest rates. There is too much "fake money" in the system and that fake money must be bled out of the system through catheters in the banking system.

------

Leeches are so 18th century.

Posted by: Just Lily at September 21, 2022 03:58 PM (/BF8M)

12 I'm curious what happens on 9/24.

Posted by: Mr Aspirin Factory at September 21, 2022 03:58 PM (W/9Bb)

13 "Too many people spending money; we need less jobs."

Yours truly
Washington DC
Posted by: Glenn John at September 21, 2022 03:57 PM (M3hSG)

*slaps Glenn John upside the head* It's fewer, not less!

Posted by: Your 12th Grade English teacher at September 21, 2022 03:58 PM (4I/2K)

14 increasing energy production would take some of the sting out of this

but nahhhhh why do that

Posted by: BlackOrchid at September 21, 2022 03:59 PM (w0NJk)

15 Well, at least they're not blaming Trump this time.

Posted by: Archimedes at September 21, 2022 03:59 PM (ayzS/)

16 Well to be brutally honest, I find Cake Girl extremely triggering. Please do not throw me in that frosting batch.

Posted by: ... at September 21, 2022 03:59 PM (pIwnI)

17 Every guy just wants to "raise my rates".

Posted by: AOC at September 21, 2022 03:59 PM (w9Wax)

18 Yeah, for fifteen years the whole economy has oriented itself around the idea that borrowed money was basically free.

The correction to that will be brutal.

Posted by: The ARC of History! at September 21, 2022 03:59 PM (I2/tG)

19 Are we in an official recession yet? I know all the fundamentals are in place, and we're poised for an economic comeback and all, just wondering when the official government agency will sacrifice a child, read the entrails, and determine if we're in recession next.

Posted by: Economic Assessment at September 21, 2022 03:59 PM (JCZqz)

20 12 I'm curious what happens on 9/24.


stop scaring me I'm going away this weekend!

Posted by: BlackOrchid at September 21, 2022 03:59 PM (w0NJk)

21 Partly, it is psychological: with many business owners never having operated in anything but a low interest rate environment, the sticker shock on debt stands out more even if their business cash flow remains healthy enough to cover the monthly repayment. But there will also be more businesses finding it harder to make cash flow match monthly repayment at a time of high inflation across all of their other business costs, including goods, labor, and transportation.
++++
That's a nice way to put it. There is going to be a great upheaval in the business world as companies fall into one of two categories:
1. Debt-dependent and failing
2. Debt-optional and succeeding

Any enterprise that depends on debt to shore up cashflow, that depends on regular debt activities (namely rollovers and expansion) are going to be eaten alive by what's coming. Refinancing all the time to take care of your debt will work so long as interest rates are falling. You can be "in business" with no product or service *at all* if you can keep refinancing. When the rate environment shifts from "falling" to "rising," though, your face gets ripped off.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 03:59 PM (t0OGg)

22 lol AOC is already aging poorly

Posted by: NJ Class Traitor at September 21, 2022 03:59 PM (c1efv)

23 Lookatthat BIG ASS.
Big juicy booty!

Lookatthat BIG RATE HIKE
Not big enough.

Posted by: anchorbabe fashion cop at September 21, 2022 04:00 PM (NKUrN)

24 Meta/Facebook just announced cost reduction initiatives.

Posted by: Huck Follywood at September 21, 2022 04:00 PM (PUXju)

25 When you set a fire, the next thing that happens is that the fire department comes to put it out

Joey B.'s a fire bug.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at September 21, 2022 04:00 PM (z/NLz)

26 Too many people spending money; we need less jobs."

Yours truly
Washington DC
Posted by: Glenn John at September 21, 2022 03:57 PM (M3hSG)

*slaps Glenn John upside the head* It's fewer, not less!

Ouch!

Posted by: Glenn John at September 21, 2022 04:00 PM (M3hSG)

27 The reason the BADORANGEMAN Cult is having orgasms about that partisan hack DA in NYC going after Trump and his family that has been all over the newz. The plummeting economy must be ignored. The cultists at work have been on and on about BADORANGEMAN today. Nuthin' about the Chernobyl grade dumpster fire the economy is in.

Odd that.

Posted by: Puddleglum at work at September 21, 2022 04:00 PM (D8mow)

28 Everyone carrying a balance on their credit cards just saw their minimum payment amount go up.

I predict pain!

Posted by: Clubber de Monet at September 21, 2022 04:00 PM (4I/2K)

29 I'm curious what happens on 9/24.

Posted by: Mr Aspirin Factory at September 21, 2022 03:58 PM (W/9Bb)

Eh. I can't go getting all spun up over what some random appointed German government official says.

Posted by: ... at September 21, 2022 04:01 PM (pIwnI)

30 Joey B.'s a fire bug.

Posted by: Braenyard, _ want nuremberg trials? badger your congressman at September 21, 2022 04:00 PM (z/NLz)

Joey B's a cum-guzzling gutter slut.

Posted by: Washington Nearsider at September 21, 2022 04:01 PM (AZ2ED)

31 Joey B.'s a fire bug.


lol he actually looks like that Mad TV character Fire Marshal Bill

Posted by: BlackOrchid at September 21, 2022 04:01 PM (w0NJk)

32 Get a better return on a CD.

Posted by: Bertram Cabot, Jr. at September 21, 2022 04:01 PM (63Dwl)

33 this will do WONDERS for my ARM
Posted by: kallisto at September 21, 2022 03:57 PM (dCxaZ)

*Sobs*

Posted by: Michelle Fields at September 21, 2022 04:01 PM (NKUrN)

34 Unfortunately the Covid giveaways began under Trump and he also internally campaigned that the Fed not raise the rate when it was obviously needed to head off the coming inflation. More unfortunate was Biden or at least his ruling Commitee said 'hold my beer ! ' .

Posted by: polynikes at September 21, 2022 04:01 PM (1XoKP)

35 >>>ncreasing energy production would take some of the sting out of this

but nahhhhh why do that
Posted by: BlackOrchid

YUP! If you actually create real value to match the fake dollars, turning them into REAL dollars, then you reduce inflation (and increase real wealth).

But naaaaahhhhh

Posted by: ace at September 21, 2022 04:02 PM (B3oWe)

36 lol AOC is already aging poorly
Posted by: NJ Class Traitor at September 21, 2022 03:59 PM (c1efv)

Like skim milk.

Posted by: Count de Monet at September 21, 2022 04:02 PM (4I/2K)

37 Fire Marshal Bill

Posted by: BlackOrchid at September 21, 2022 04:01 PM (w0NJk)

Holy shit, without the beard, it's him!

Posted by: ... at September 21, 2022 04:02 PM (pIwnI)

38 18 Yeah, for fifteen years the whole economy has oriented itself around the idea that borrowed money was basically free.

The correction to that will be brutal.
Posted by: The ARC of History! at September 21, 2022 03:59 PM

It isn't free? I ain't paying this shit back. Biden can forgive it, but I ain't paying shit. Sally Mae not see a dime of this loan, but I'll give her some D.

Posted by: Commie College Kid with $120k student loan debt at September 21, 2022 04:02 PM (JCZqz)

39 Which is why governments usually attempt to not unleash toxic hyperinflation upon their country.

*

You're looking at it wrong.

There was a coup. They looted the treasury. It's no different than the hundreds of other times this exact same thing happened.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:02 PM (Wndnv)

40 Akshully, professional firemen are pretty good at minimizing water damage.

Someone like me shows up with like a week of fire training every couple of years and you're basement will be flooded.

Posted by: sniffybigtoe at September 21, 2022 04:02 PM (Y5qcH)

41 One good thing: All the Fake Tech Businesses which have never, ever been profitable but which have continued to persist in a lich-like state due to infusions of fresh blood in the form of cheap borrowed money should soon be exposed to sunlight and vaporized.
++++
Not just tech, though they're the prime example. This comes in two forms: cheap debt (direct) and stock (indirect). A lot of firms can - and do - issue more shares, but those shares have to get bought by someone and there is a ton of debt (both in direct margin debt and indirectly) on the equity side, too.

With rates rising, both get more expensive and therefore the operations become less valuable.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:02 PM (t0OGg)

42
this will do WONDERS for my ARM
Posted by: kallisto


Mine too

Posted by: Michelle Fields at September 21, 2022 04:03 PM (63Dwl)

43 Committee = committe

Posted by: polynikes at September 21, 2022 04:03 PM (1XoKP)

44 S'OK. No worries.
They can just raise more taxes to service the debt.

Posted by: wth at September 21, 2022 04:03 PM (v0R5T)

45 >>>ncreasing energy production would take some of the sting out of this

*

You mean the ONE manufacturing advantage the United States possessed?

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:03 PM (Wndnv)

46 When the rate environment shifts from "falling" to "rising," though, your face gets ripped off.
Posted by: Joe Mannix (Not a cop!) at September 21, 2022 03:59 PM (t0OGg)

Exactly.
We will be surprised at some of the failures, I am sure.

Posted by: Deplorable Ian Galt at September 21, 2022 04:03 PM (NKUrN)

47 Although the interest rates don't really affect me as much because I've paid off my mortgage and have not CC debt, my kids are in the market for houses.

There actually is a minor upside, which is that when rates spike like this, the RE market dries up, so that you have your choice of houses. Yes, you'll pay out the wazoo because of the rates, but they can eventually come down. In a RE panic like the one we've recently experienced, you're lucky to get any house.

Posted by: Archimedes at September 21, 2022 04:03 PM (ayzS/)

48 Wokeness is getting more expensive.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:04 PM (LvTSG)

49 S'OK. No worries.
They can just raise more taxes to service the debt.
Posted by: wth at September 21, 2022 04:03 PM (v0R5T)

Something's gotta give.

Posted by: Count de Monet at September 21, 2022 04:04 PM (4I/2K)

50 Hey! We did a lot of work driving up the cost of . . . well . . everything. Why aren't we getting some credit too?

Posted by: Regulators Who Choked Off US Energy Production at September 21, 2022 04:04 PM (RZert)

51 Our bedrock assets are energy and agriculture. So, of course, our government shits all over them.

Posted by: kraken at September 21, 2022 04:04 PM (Vr12I)

52 I'm curious what happens on 9/24.

Posted by: Mr Aspirin Factory at September 21, 2022 03:58 PM (W/9Bb)
........

Germany announce plan to invade Russia in December.

Posted by: wth at September 21, 2022 04:04 PM (v0R5T)

53 Wokeness is getting more expensive.

*

And it's Trump's fault.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:04 PM (Wndnv)

54 Christopher Rufo just now:

EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."

Lovely

Posted by: Sharkman at September 21, 2022 04:04 PM (Gda1b)

55 the idea that borrowed money was basically free

For years, the MMT types were shrieking that the government should be borrowing far more money to do good things with, since the cost of borrowing was near-zero.

If you want to see brutality, wait until the current $305 billion in interest payments on Federal debt goes to a trillion or so. (The "discretionary" part of the Federal budget is $1.688 trillion - total expenditures including Social Security, Medicare, and Medicaid is $6.011 trillion.)

Posted by: The ARC of History! at September 21, 2022 04:05 PM (I2/tG)

56 They better put up the "Pain Ahead, Grab Some Lube" signs. Because a lot of the market wanted a bigger rate hike.

Posted by: Marcus T at September 21, 2022 04:05 PM (BxH25)

57 54 Christopher Rufo just now:

EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."

Lovely
Posted by: Sharkman at September 21, 2022 04:04 PM (Gda1b)

=========

Pointing this out is literal violence.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:05 PM (LvTSG)

58 "Main Street" is facing a lending cliff?

Really? Explain.

Because, from what I can see, they aren't the ones borrowing to finance their operations.
There is a group-- the banksters--that are, and they sure as hell ain't on Main Street.
But, don't you just love that--multibillion dollar corps are going to suffer but they dress it up in Mom and Pop's Hardware clothes.

Posted by: People's Hippo Voice at September 21, 2022 04:05 PM (Zf0+a)

59 54 Christopher Rufo just now:

EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."

Lovely


we just want to get married

Posted by: ace at September 21, 2022 04:05 PM (B3oWe)

60 EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."


well there's more public money well spent

can't understand how we're hyperinflationary when our public sector is so efficient

Posted by: BlackOrchid at September 21, 2022 04:05 PM (w0NJk)

61 59 we just want to get married
Posted by: ace at September 21, 2022 04:05 PM (B3oWe)

=========

In Satanic ceremonies, it seems.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:05 PM (LvTSG)

62 I'm curious what happens on 9/24.

Posted by: Mr Aspirin Factory at September 21, 2022 03:58 PM (W/9Bb)

Eh. I can't go getting all spun up over what some random appointed German government official says.


Why, what have you heard?

Posted by: Poland at September 21, 2022 04:06 PM (ayzS/)

63 Christopher Rufo just now:

EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."

Lovely

Posted by: Sharkman at September 21, 2022 04:04 PM (Gda1b)

Soon.

Posted by: Face colander at September 21, 2022 04:06 PM (yHsuS)

64 59

Lovely


we just want to get married
Posted by: ace at September 21, 2022 04:05 PM (B3oWe)

Love is Love !!!!

Posted by: kraken at September 21, 2022 04:06 PM (Vr12I)

65 There is one thing to keep in mind in all this, which is undoing QE (sometimes called "Quantitative Tightening" or "QT" - though it hasn't been named yet in a way that has stuck).

Traditionally, the interest rate is the only mechanism the Fed has to tackle money supply problems. That is no longer true today. They printed gobs of money during the QE rounds and bought a shit ton of assets, mostly bonds (and mostly mortgage-backed securities) and treasuries. They can remove excess money from the market by selling off their balance sheet. This has started, but they are not moving aggressively. One problem with doing this at all is that by selling off their vast reserves of financial instruments, they will reduce the price of those instruments. That causes two nasty side effects:
1. Their balance sheet gets less valuable, marked to market. They cannot extract as much money as they added. The balance sheet is underwater and it will get worse as markets decline - and get worse faster if they sell faster because that itself will move the market
2. It will move the market and cause declining asset prices in the classes they're selling. This means *everyone* takes it in the ass.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:06 PM (t0OGg)

66
I can say (so far) looks like Karl Denninger was write. Me, I was leaning that the Fed couldn't do a Volcker (they haven't gone full Volcker yet, but they are holding the course in that direction) 'cause that would just blow up the federal govt ($30T in debt, high fraction in short term bills and notes, which must rolled over rapidly).

Denninger's position was no, the Fed is not going to let the dollar die and unleash hyperinflation, cause that would take them down as well. The Fed is made up of the bankster class, and the bankster class doesn't want to be taken down in the collapse of the dollar scenario.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:06 PM (Mzdiz)

67
Every guy just wants to "raise my rates".
Posted by: AOC


It's $20, same as in town, right?

Posted by: IllTemperedCur at September 21, 2022 04:07 PM (n+4am)

68 Black Orchid and ace have said it all.

Posted by: Ben Had at September 21, 2022 04:07 PM (OqjtX)

69 I'm curious what happens on 9/24.

The German government is seizing all private bank accounts.

Posted by: The ARC of History! at September 21, 2022 04:07 PM (I2/tG)

70 As i keep noting, the Democrats have crashed the economy five times in my lifetime, and they have become very good at it.

Posted by: G'rump928(c) at September 21, 2022 04:07 PM (yQpMk)

71 >>>BigJuicyBootynomics

Inject more silicone into the problem areas.

Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at September 21, 2022 04:07 PM (yHsuS)

72 BTW, the more they keep allowing illegal immigrants to cross the border and live off the taxpayers, the worse this gets.

Posted by: Marcus T at September 21, 2022 04:07 PM (BxH25)

73 "But, again:

2, this is why you don't elect Democrats, ever."

This rule should be taught to all K-12 this year. Mine have grasped this fully from now on. The discussion is you don't have to always vote the R, but you sure as hell can never vote the D...unless you want this again!

Posted by: Nova local at September 21, 2022 04:07 PM (exHjb)

74 Christopher Rufo just now:

EXCLUSIVE: The national teachers union’s "LGBTQ+ Caucus" has created a website and badge for public school employees that promotes a how-to guide for "anal sex," "bondage," "rimming," "domination," "sadomasochism," "muffing," and "fisting."

Lovely
Posted by: Sharkman at September 21, 2022 04:04 PM (Gda1b)

When the Teachers Lounge is a-rockin'
Don't bother knockin'

SRV version: https://youtu.be/-G84P5K-W1c

Posted by: Count de Monet at September 21, 2022 04:08 PM (4I/2K)

75 73 This rule should be taught to all K-12 this year. Mine have grasped this fully from now on. The discussion is you don't have to always vote the R, but you sure as hell can never vote the D...unless you want this again!
Posted by: Nova local at September 21, 2022 04:07 PM (exHjb)

==========

*pokes bear*

Vote D in TX-2 to get rid of Dan Crenshaw!

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:08 PM (LvTSG)

76 On a personal level, this doesn't affect my finances immediately. I don't carry a balance on my credit cards, nor do I have an ARM (fixed rate instead.)

But of course the ripple affects *WILL* affect me significantly by driving up the costs of goods and services. My medications already increased quite a bit, as has food. I don't make a lot of money, but I live comfortably. Now I feel like I'm living paycheck to paycheck, even though I haven't really increased my lifestyle in any meaningful way.

Posted by: "Perfessor" Squirrel at September 21, 2022 04:08 PM (YIVH2)

77 As Ace pointed out in an earlier thread, you can afford to be a diversity hire in Trump's economy. In Brandon's, not so much.

Our company created additional cost centers throughout 2021 by ramping up DIE hiring, while squeezing the profit centers for more productivity.

When cutting time comes, the man holding the axe isn't going to swing for the team that makes money. Enjoy the grift while it lasts, diversity hires!

Posted by: NJ Class Traitor at September 21, 2022 04:08 PM (c1efv)

78 I guess the fed has decided that having deficits just to pay the interest on government spending is the lesser of evils at this point. They are probably correct. But I'm sure I'm not the only person who figured "meh, the fed cannot raise interest rates much cuz the government won't be able to mange ITS debt if they do that," so there probably is some mental shock at play as well as the runaway spending by the commiecrats.

Posted by: PaleRider is simply irredeemable at September 21, 2022 04:08 PM (3cGpq)

79 I have a brother who is retired and living off his investments. A part of me feels bad for him. But the cold blooded part of me wants to say to him, "You voted for this."

Posted by: nerdygirl at September 21, 2022 04:09 PM (+lVUW)

80 Wow, the DOW was a real roller coaster this afternoon. In the course of 2 hours, it was +200, then -250, then +300, ending the day -522. Not sure what's so hard to predict...Biden's economy sucks, more pain is coming, and it's going to he very painful.

Posted by: Economic Moron at September 21, 2022 04:09 PM (JCZqz)

81 77 When cutting time comes, the man holding the axe isn't going to swing for the team that makes money. Enjoy the grift while it lasts, diversity hires!
Posted by: NJ Class Traitor at September 21, 2022 04:08 PM (c1efv)

=========

I guarantee you that there will be organizations that cut themselves down to just HR and DEI sectors.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:09 PM (LvTSG)

82 "It's little Johnny's turn to ride in the fuck swing."

Posted by: Mr Aspirin Factory at September 21, 2022 04:09 PM (W/9Bb)

83 >> Their balance sheet gets less valuable, marked to market.

Yes. If the Fed's balance sheet goes underwater, which means the liabilities (which are the money in the system) are the less than the assets, which supposedly "back" the dollar. Of course, the dollar has been back with dog shit for a long time, starting with the Crash of '08.

This is very bad, at least psychologically. They were anticipating this possibility as far back as 2010 or so, when they added a "this one neat hack" to the balance sheet accounting to keep that from happenning. It's just an accounting gimmick, and probably illegal per the Federal Reserve Act.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:10 PM (Mzdiz)

84 When cutting time comes, the man holding the axe isn't going to swing for the team that makes money. Enjoy the grift while it lasts, diversity hires!
Posted by: NJ Class Traitor at September 21, 2022 04:08 PM (c1efv)

It's Topical!

Posted by: Warai-otoko at September 21, 2022 04:10 PM (6FeV1)

85 75 73 This rule should be taught to all K-12 this year. Mine have grasped this fully from now on. The discussion is you don't have to always vote the R, but you sure as hell can never vote the D...unless you want this again!
Posted by: Nova local at September 21, 2022 04:07 PM (exHjb)

==========

*pokes bear*

Vote D in TX-2 to get rid of Dan Crenshaw!
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:08 PM (LvTSG)

You have a death wish. Vote the bastard in and FIND A NEW CANDIDATE FOR THE PRIMARY next time...or at least, vote the Libertarian this time...don't give a D a vote...ever!

Posted by: Nova local at September 21, 2022 04:10 PM (exHjb)

86 Donald J. Trump @realDonaldTrump

Another Witch Hunt by a racist Attorney General, Letitia James, who failed in her run for Governor, getting almost zero support from the public, and now is doing poorly against Law & Order A.G. candidate, highly respected Michael Henry. I never thought this case would be brought - until I saw her really bad poll numbers. She is a fraud who campaigned on a “get Trump” platform, despite the fact that the city is one of the crime and murder disasters of the world under her watch!

Posted by: SMOD at September 21, 2022 04:10 PM (RHGPo)

87 Inflation is a tax that impacts everyone. It raises the cost of living across the board. Your money buys less. Period. Whether you clean "afford" that tax is another matter. Ergo it hits those who can least afford it the hardest.

Posted by: Marcus T at September 21, 2022 04:10 PM (BxH25)

88 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.

Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)

89 Gee the left and the media never said a thing when the Fed started cranking up interest rates the picosecond that Trump won the election in 2016. In fact they were happy with it.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:11 PM (bVYXr)

90 >>>BigJuicyBootynomics
........

A fat ass will last longer during the food shortages.

Posted by: wth at September 21, 2022 04:11 PM (v0R5T)

91 The markets always start with a reaction that is completely algorithm driven, to a reaction when actual investors actually digest the news and look for silver linings, to finally reality.

I call it the Three Stages of Clusterfuckery

Posted by: The Unvaxed and Unmasked Ranger - Emotionally Supporting Cancelled Sexy Russian Women at September 21, 2022 04:11 PM (VTu1l)

92 I feel like I could make "fuck swing" work as an absurdist insult in a rant... maybe... might take some doing...

Posted by: Warai-otoko at September 21, 2022 04:11 PM (6FeV1)

93 After market isn't any better. Right now it's down -541

Posted by: Marcus T at September 21, 2022 04:11 PM (BxH25)

94 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.

Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)

The Fed is not seizing it. Yet.

Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at September 21, 2022 04:11 PM (yHsuS)

95 How do we get rid of this guy and Harris???

Posted by: Ferd Berfall at September 21, 2022 04:12 PM (0vFtj)

96 Putin looks at U.S. markets and says "Hold my vodka":

The MOEX Russia Index—the ruble-denominated benchmark of the Russian stock market—sank as much as 10 percent on Wednesday, cutting losses at 2,150, according to data from Trading Economics.

According to the website, which provides economic data for 196 countries, the fall in the Russian stock market is a direct consequence of Putin's call for more troops to fight in Ukraine, Russia's first mobilization since World War II.

Posted by: Adirondack Patriot at September 21, 2022 04:12 PM (lf83v)

97 85 You have a death wish. Vote the bastard in and FIND A NEW CANDIDATE FOR THE PRIMARY next time...or at least, vote the Libertarian this time...don't give a D a vote...ever!
Posted by: Nova local at September 21, 2022 04:10 PM (exHjb)

=========

The House isn't going to hinge on one seat. Sacrifices can be made. Crenshaw is a major problem within the party, and I'd take any effort to knock him out.

SC-1 went Mark Sanford to Joe Cunningham (D) to Nancy Mace. Cunningham was around for a single Congress, not even long enough to get a Congressional pension.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:12 PM (LvTSG)

98 I saw Luxury Socialism open for Van Halen in 1984 at the Cow Palace.

Everyone had box seats.

Posted by: Czech Chick at September 21, 2022 04:12 PM (haWye)

99 Dow down 522 at the end. Who were those institutions buying big chunks of stock all day? They are literally using clients money to try and prop up their political fellow travelers. Making people money is now secondary to supporting the Biden Admin.

Posted by: Fish at September 21, 2022 04:12 PM (39SCl)

100 There actually is a minor upside, which is that when rates spike like this, the RE market dries up, so that you have your choice of houses. Yes, you'll pay out the wazoo because of the rates, but they can eventually come down. In a RE panic like the one we've recently experienced, you're lucky to get any house.
Posted by: Archimedes at September 21, 2022 04:03 PM (ayzS/)
++++
Some will, then others pay about the same, because prices will come down. People buy payments, not houses. Interest rate and purchase price dictate the payment. If interest goes up, price will eventually come down because it has to.

Inventories will fall because those who want to sell but do not *need* to sell will hold their property off-market to improve their odds of being able to sell when the time comes. Time on market also increases but prices remain stable. Then someone *has* to sell and will cut the price because they need the property to move. This will happen many times and then those owners on the sidelines will flood in to sell before the prices collapse.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:12 PM (t0OGg)

101 Remember how aggressive the FED was as soon as Trump became President? But they gave Obama 8 years of 0% interest rates.

They should have been doing this years ago, but every President screams about any interest rate hikes, including Trump.

I feel like about a third of my net worth has been wiped out all for some meaningless checks in the mail that maybe bought an iPhone.

Posted by: Blago at September 21, 2022 04:12 PM (PwNLq)

102 “Attorney General Letitia ‘Peekaboo’ James, a total crime fighting disaster in New York, is spending all of her time fighting for very powerful and well represented banks and insurance companies, who were fully paid, made a lot of money, and never had a complaint about me, instead of fighting murder and violent crime, which is killing New York State,” Trump wrote. “She is a failed A.G. whose lack of talent in the fight against crime is causing record numbers of people and companies to flee New York. Bye, bye!”

Posted by: SMOD at September 21, 2022 04:12 PM (RHGPo)

103 Businesses are healthy today

lol wut

Posted by: antisocial justice beatnik at September 21, 2022 04:12 PM (DTX3h)

104 I heard the other day that our current interest payments are $500 billion a year.

I want that to be wrong because that is insane.

But, I fear it's true.

Also, lol at SBA loans. Show me a business relying on SBA loans and I'll show you a business guaranteed to fail. SBA is the lender of last resort, when all other for-profit finances ran screaming from your financials and business plan.

Posted by: People's Hippo Voice at September 21, 2022 04:12 PM (Zf0+a)

105 88 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.
Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)

========

The good news is that I'm set to buy the dip for as long as it lasts.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:12 PM (LvTSG)

106
The Fed just raised interest rates by another 0.75%, putting Main Street economy 'dangerously close' to edge of lending cliff

___________

*lights cigar with $100 bill*

Won't bother us a bit.

Posted by: Hedgies at September 21, 2022 04:13 PM (1Nxff)

107 Inflation is a tax that impacts everyone. It raises the cost of living across the board. Your money buys less. Period. Whether you clean "afford" that tax is another matter. Ergo it hits those who can least afford it the hardest.
Posted by: Marcus T

Just so, comrade.

Posted by: Justice Roberts at September 21, 2022 04:13 PM (ftFVW)

108 You'd be walking fine if that damned surgeon hadn't cut off your leg!

Posted by: Cancer at September 21, 2022 04:13 PM (OzNIz)

109 94 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.

Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)

The Fed is not seizing it. Yet.
Posted by: Comrade flounder, Wrecker, Hoarder, Saboteur at September 21, 2022 04:11 PM (yHsuS)

It'd better get off its ass and seize those while there's still some value to seize.

Posted by: bear with asymmetrical balls at September 21, 2022 04:13 PM (ppBhU)

110 Here is the original Hang On Sloopy music video featuring the lovely and talented Lisa Leonard Dalton, and sung by no other than Rick Derringer (of Rock and Roll Hootchie Coo fame):

https://youtu.be/ztmoPIG_2wI

Here's Rock and Roll Hootchie Coo, as well. Just for the hell of it:

https://youtu.be/KdSQA3SgWqk

Posted by: Sharkman at September 21, 2022 04:14 PM (Gda1b)

111 I feel like about a third of my net worth has been wiped out all for some meaningless checks in the mail that maybe bought an iPhone.


think of the elaborate hair extensions, Blago! think about the extension that YOU made possible!

Posted by: BlackOrchid at September 21, 2022 04:14 PM (w0NJk)

112
We'll get a bailout, just like last time.

Posted by: Banks and Brokerages at September 21, 2022 04:14 PM (1Nxff)

113 80 Wow, the DOW was a real roller coaster this afternoon. In the course of 2 hours, it was +200, then -250, then +300, ending the day -522. Not sure what's so hard to predict...Biden's economy sucks, more pain is coming, and it's going to he very painful.
Posted by: Economic Moron at September 21, 2022 04:09 PM (JCZqz)

People were day-trading and didn't know if the fed rate increase being under 1%, but then the fed promising a higher ending rate, was "good" news or "bad" news for trading...

Posted by: Nova local at September 21, 2022 04:14 PM (exHjb)

114 Not sure what's so hard to predict...Biden's economy sucks, more pain is coming, and it's going to he very painful.
Posted by: Economic Moron at September 21, 2022 04:09 PM (JCZqz)


Russia reintroducing conscription, and a clear threat to use nukes.
Yeah, more pain is coming.

Posted by: Diogenes at September 21, 2022 04:14 PM (anj39)

115 "DOW was a real roller coaster this afternoon. In the course of 2 hours, it was +200, then -250, then +300, ending the day -522. "

yeah, saw this headline and was like "no it bounced back, it was just up a couple hundred"

Dip buyers maybe ... some dips don't recover for a decade or more, but as rates went from 15% to 0% over 30 years, we've only known easy money and bull market (mostly, except a couple brief cracks). They tried to solve "zero bound" with QE infinite MMT confetti money.

Posted by: illiniwek at September 21, 2022 04:14 PM (Cus5s)

116 When the gubmint reintroduces the $500 bill, you know it is bad.

Posted by: Deplorable Ian Galt at September 21, 2022 04:14 PM (NKUrN)

117 >>I'm curious what happens on 9/24.

Can't be the Mets clinching a playoff berth cause that already happened.

Posted by: JackStraw at September 21, 2022 04:15 PM (ZLI7S)

118 This bumbling idiot is also screwing Europe so bad that their ass's may never heal.

Posted by: Ferd Berfall at September 21, 2022 04:15 PM (0vFtj)

119 The "good news" is i'm sitting on a mountain of cash and non-equity assets, waiting for the bottom of this equity shitslide to hit and gobble up all the tasty cheap index ETFs. And I'm not planning on retiring any time soon.

And even if things go full colander-facemask, then it's all a moot point and i'm not really gonna give a shit either way.

So it's a win-win for me. But i'm pissed of on everyone else's behalf, all the same.

Posted by: Warai-otoko at September 21, 2022 04:15 PM (6FeV1)

120 40% increase in the money supply via bennies, treasuries, unfunded debt and other happy giveaways.

But this is not the only inflation because many things are valued above their actual worth, like properties, capital equipment to make green energy equipment and uncompleted Ford trucks. Add that into possible inflation if the various companies holding those things suddenly has to liquidate or raise additional cash by selling them

Then, of course, there is foreign held debt that is in many cases held as foreign exchange reserves to support various currencies. Argentina holds about 30,000, and they have been selling it off because of their own recession and financial crises, they held about 40K a year ago. If this is a world wide issue, all the USD comes back to us, and increases our inflation again because of all those dollars are more than the equivalent value in the system. Add that to the possible problems.

And of course there may be a new global currency that will leave the US and the Euro in the dirt. El Salvador and Zimbabwe are going bitcoin, and there are a couple of networks built to handle retail purchases and clearing on crypto. So there is that as well.

Posted by: Kindltot at September 21, 2022 04:15 PM (xhaym)

121 And also your fault for "talking down the economy."

Posted by: Zek at September 21, 2022 04:15 PM (OzNIz)

122 The good news is that I'm set to buy the dip for as long as it lasts.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:12 PM (LvTSG)



You can't time the bottom but, we aren't anywhere near it yet.

Posted by: G'rump928(c) at September 21, 2022 04:15 PM (yQpMk)

123 116 When the gubmint reintroduces the $500 bill, you know it is bad.
Posted by: Deplorable Ian Galt at September 21, 2022 04:14 PM (NKUrN)

==========

What is it when they simply stop printing money and force everyone onto digital currency?

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:15 PM (LvTSG)

124 The Fed Has To Keep Polishing Joe's Turd Economy.

Good Luck With That...

Posted by: Hairyback Guy at September 21, 2022 04:15 PM (YScEb)

125 Banks also create money. They are allowed to lend out a fraction of the funds on deposit (the reserve ratio). They loan money and some comes back as deposits. Now they have more money on deposit, so they can lend more, adding to money in the economy.

Tbe Fed knows this and can increase the reserve ratio.to reduce lending and money creation..

Posted by: JM in Florida at September 21, 2022 04:15 PM (tESdR)

126 Remember how aggressive the FED was as soon as Trump became President? But they gave Obama 8 years of 0% interest rates.

They should have been doing this years ago, but every President screams about any interest rate hikes, including Trump. ...
Posted by: Blago at September 21, 2022 04:12 PM (PwNLq)
++++
The Fed is political and they want to help out Big State. The interest rate increases - which have come in probably 2010 or 2012, if not continuing right through the GFC and continued the trend starting in the mid aughts - began at the tail end of Obama's term. The low interest rate environment *had* to be reversed. It should have started a lot earlier than it did, but the Fed also has a ton of conflicting interests from politics to Wall Street to foreign governments. They always act late.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:15 PM (t0OGg)

127 Breakfast tacos just got a lot more expensive.

Posted by: wth at September 21, 2022 04:15 PM (v0R5T)

128 88 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.
Posted by: Ultra pj at September 21, 2022 04:10 PM

You evil capitalists pretend you love freedom so much, so we're helping you out. Once you have nothing, "freedom's just another word for, nothing left to lose"

Posted by: 60s hippie commie child at September 21, 2022 04:16 PM (JCZqz)

129 So what do we do if Putin uses Battlefield Nukes in Ukraine ????

Posted by: Ferd Berfall at September 21, 2022 04:16 PM (0vFtj)

130 Inventories will fall because those who want to sell but do not *need* to sell will hold their property off-market to improve their odds of being able to sell when the time comes. Time on market also increases but prices remain stable. Then someone *has* to sell and will cut the price because they need the property to move. This will happen many times and then those owners on the sidelines will flood in to sell before the prices collapse.

I've told them to wait because we're in that in-between period now when sellers haven't yet accepted that they won't get what people got a year ago, while rates are high compared to what they were then. At some point, reality will intrude, and prices will start to fall. We aren't there yet.

Posted by: Archimedes at September 21, 2022 04:16 PM (ayzS/)

131 I'm curious what happens on 9/24.
Posted by: Mr Aspirin Factory at September 21, 2022 03:58 PM


Well...I'm going to see Little Shop of Horrors on stage. Beyond that, I dunno...dinner?

Posted by: RedMindBlueState at September 21, 2022 04:16 PM (4p7Em)

132 What is it when they simply stop printing money and force everyone onto digital currency?
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:15 PM (LvTSG)

AmSoc

Posted by: Georgie Orwell at September 21, 2022 04:16 PM (NKUrN)

133 I've told them to wait

Them being my kids. They probably won't listen.

Posted by: Archimedes at September 21, 2022 04:17 PM (ayzS/)

134 Hubbymayhem and I were going to get a manufactured home to replace our old and falling down house. The company he was working for said hey these fuel prices are killing us and we may have to downsize you. We put the new purchase on hold. Thank goodness. Because the interest rates on the manufactured home would have killed us.

Now we are debt free and can put some shekels into fixing a few things. Not big ticket items but stuff to delay the final collapse of this old house until the economy has improved.

Posted by: Madamemayhem (uppity wench) at September 21, 2022 04:17 PM (Wy1BU)

135
Full speed ahead!

Posted by: Student Loan Debt Forgiveness at September 21, 2022 04:17 PM (1Nxff)

136 Too big juicy booty to fail.

Posted by: Curly Shuffle at September 21, 2022 04:17 PM (TNyrE)

137 >>>BigJuicyBootynomics
........

A fat ass will last longer during the food shortages.
Posted by: wth at September 21, 2022 04:11 PM (v0R5T)

Life begins at hips 40+". Grab the gusto with double handfuls!

Posted by: Count de Monet at September 21, 2022 04:17 PM (4I/2K)

138 thank God, parasites like gnats and politicians don't need to worry about interest rates and jobs, Good luck to pretty much everyone else. At least most people might not need to eat their cats.

Posted by: gnats local 678 at September 21, 2022 04:17 PM (Ynyl9)

139 129 So what do we do if Putin uses Battlefield Nukes in Ukraine ????


sweet baby jesus even I hope we do NOTHING

Posted by: BlackOrchid at September 21, 2022 04:17 PM (w0NJk)

140 "She could be the hottest woman since Helen of Troy and Betty Rubble".

Posted by: Sharkman at September 21, 2022 04:18 PM (Gda1b)

141 There actually is a minor upside, which is that when rates spike like this, the RE market dries up, so that you have your choice of houses. Yes, you'll pay out the wazoo because of the rates, but they can eventually come down. In a RE panic like the one we've recently experienced, you're lucky to get any house. Posted by: Archimedes
--------------------
Housing prices like labor pricing are 'sticky'. The first thing that will happen is that companies building new houses will stop doing that and they are. The next will be that the upgrading market will come to an end--where you sell your starter home and move up the value chain or sell to relocate for retirement. Then the last will be existing house prices dropping because owners are loathe to 'lose' expected gains and will do so only under compelling circumstances like foreclosure. That is months away probably as unemployment is a lagging feature of recessions and not a predictive one.

Posted by: whig at September 21, 2022 04:18 PM (CXr4y)

142 22 lol AOC is already aging poorly
Posted by: NJ Class Traitor at September 21, 2022 03:59 PM (c1efv)
________

Exactly what I've noticed. Note how many of the hotties on our side age well.

Posted by: Eeyore at September 21, 2022 04:18 PM (TgBWG)

143 "But that's how the media is playing it. It's The Fed's fault!

You know what would really turn things around? More illegal alien invasion, elevated import of fentanyl, looser violent crime laws with concomitant release of felons, cutting petroleum production and distribution, and war with China over Taiwan.

Do those things and the US has a real chance for a rebound.

Posted by: AnonyBotymousDrivel Remembers Babbitt and Perna at September 21, 2022 04:18 PM (aXxgO)

144 115 "DOW was a real roller coaster this afternoon. In the course of 2 hours, it was +200, then -250, then +300, ending the day -522."
Posted by: illiniwek at September 21, 2022 04:14 PM (Cus5s)

"I'm ok. Just got the wind knocked out of me."

Posted by: Sergeant Horvath at September 21, 2022 04:18 PM (MkuC5)

145
I guarantee you that there will be organizations that cut themselves down to just HR and DEI sectors.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang


I can't wait for Ford to start marketing the new Equitymobile when they take the DEI payroll activists and move them to the production line.

Posted by: IllTemperedCur at September 21, 2022 04:18 PM (n+4am)

146 Digital currency is every tyrants' dream.
Don't like my policies?
No money for you.
You think you have money in the bank?
Ha.

Posted by: gourmand du jour, w new lease on life at September 21, 2022 04:18 PM (jTmQV)

147 123 116 When the gubmint reintroduces the $500 bill, you know it is bad.
Posted by: Deplorable Ian Galt at September 21, 2022 04:14 PM (NKUrN)
==========
What is it when they simply stop printing money and force everyone onto digital currency?
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:15 PM

It's an outrage, and a direct attack on our livelihood! To the streets!

Posted by: Wheelbarrow Manufacturers Union Local 420 at September 21, 2022 04:18 PM (JCZqz)

148 But this is not the only inflation because many things are valued above their actual worth, like properties, capital equipment to make green energy equipment and uncompleted Ford trucks. ...
Posted by: Kindltot at September 21, 2022 04:15 PM (xhaym)
++++
Capital equipment is tightly tied to cost of money since a lot of equipment is too expensive to finance out of cash reserves and you have to borrow for it. We've had massive - even catastrophic - inflation in assets since the financial crisis, and cheap money is why. The more liquid it is (bonds, etc.), the more the inflation has been because it's easier to move. Declines in the capital markets are going to happen, and they're going to be severe. The Fed's goal, I suspect, is to try to manage it as a slow burn rather than a crash.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:18 PM (t0OGg)

149 It should have started a lot earlier than it did, but the Fed also has a ton of conflicting interests from politics to Wall Street to foreign governments. They always act late.
Posted by: Joe Mannix (Not a cop!)
___

Isnt it funny though they didn't act "late" as soon as Trump was sworn in? Something like 8 times interest rates were raised in his 4 years as President.

But they are definitely "late" when obama and Biden were president.

Posted by: Blago at September 21, 2022 04:18 PM (PwNLq)

150 I'm curious what happens on 9/24.

I'm still working on a premise.

Posted by: Some German Politician at September 21, 2022 04:18 PM (Xrfse)

151 Jeebus, what a fucking finish on the market today. Fuck. Its good to be short. Oh, and the resistance to lower lows got its ass busted but good. Fucking eh.

Posted by: Pudinhead at September 21, 2022 04:18 PM (g/54t)

152
Can't be the Mets clinching a playoff berth cause that already happened.
Posted by: JackStraw at September 21, 2022 04:15 PM (ZLI7S)

I happy for you and the 50 other fans.

Posted by: Mr Aspirin Factory at September 21, 2022 04:18 PM (W/9Bb)

153 Big Juicy Booty !

that one is good, hahaha

Posted by: Hatari somewhere on Ventura Highway at September 21, 2022 04:18 PM (M+Lyo)

154 Posted by: Paul at September 21, 2022 04:19 PM (CCM9V)

=======

Blame FL Democrats for funding it when they voted for it.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:19 PM (LvTSG)

155 They're actually right, but for the wrong reason, of course.

The FED rates ARE totally idiotic because they're utterly insufficient to actually do anything to tame inflation, so they ARE causing problems to absolutely no gain.

In the late 70's to tame the inflation they had to hike it nearly to TWENTY PERCENT.

3.25% ain't gonna make even a dent.

Posted by: DudeAbiding at September 21, 2022 04:19 PM (AjL/0)

156 As my wife has long observed, "Democrats will sell the country's silver".

Posted by: ... at September 21, 2022 03:55 PM (pIwnI)


Well, they gotta finish draining the SPR first. 750 million bbl capacity; currently sitting at 350. And still pumping it out.

The Fed expanded their mission statement from a 2% inflation target max to 2% AND full employment. By keeping rates low, and enabling the gubmint paying the couch/Stelter potatoes to quit applying for jobs thru cheap borrowing, they managed it for a while.

Now both goals are swirling in the toilet bowl. And the Dems scream Spend Spend Spend, as they always do and with a Big Assist from RINOS, as they also always do.

Posted by: GnuBreed at September 21, 2022 04:19 PM (JOtiF)

157 Not sure what's so hard to predict...Biden's economy sucks, more pain is coming, and it's going to he very painful.
Posted by: Economic Moron at September 21, 2022 04:09 PM (JCZqz)


Russia reintroducing conscription, and a clear threat to use nukes.
Yeah, more pain is coming.
Posted by: Diogenes at September 21, 2022 04:14 PM (anj39)

Yeah, the Democrats ( and RINOS) are going to go with "WAR... to improve the economy."

God Help Us all

Posted by: Pete Townshend at September 21, 2022 04:19 PM (mR6Gs)

158 97 85 You have a death wish. Vote the bastard in and FIND A NEW CANDIDATE FOR THE PRIMARY next time...or at least, vote the Libertarian this time...don't give a D a vote...ever!
Posted by: Nova local at September 21, 2022 04:10 PM (exHjb)

=========

The House isn't going to hinge on one seat. Sacrifices can be made. Crenshaw is a major problem within the party, and I'd take any effort to knock him out.

SC-1 went Mark Sanford to Joe Cunningham (D) to Nancy Mace. Cunningham was around for a single Congress, not even long enough to get a Congressional pension.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:12 PM (LvTSG)

And that's what every community R will say who doesn't personally like their guy...and at the end of the election day, we'll still have Pelosi in charge. You take one for the team b/c in the House, you HAVE to have the gavel to get anything done. That's worth anything.

Posted by: Nova local at September 21, 2022 04:20 PM (exHjb)

159 What is it when they simply stop printing money and force everyone onto digital currency?
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:15 PM
-------------
Its called war. Kind of hard to have digital currency with no electricity.

Posted by: Pudinhead at September 21, 2022 04:20 PM (g/54t)

160 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
__________

You know, we have a whole drawer full of sternly worded letters.

Right above the drawer with the "Stop, or we will ask you to stop again!" letters.

Posted by: The State Department at September 21, 2022 04:20 PM (lf83v)

161 Off Pete Townshend sock

Posted by: JoeF. at September 21, 2022 04:20 PM (mR6Gs)

162
I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.

Totally not a recession, though.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:20 PM (Mzdiz)

163 But the cost of borrowed money is high, and going up still further. So the costs of starting up a business is very high.

Interest rates are still half of what they should be in a functioning economy.

I get the usefulness of blaming Biden for his part in the mess, but most of the inflation problem is a result of deliberately inflating the stock market for the last couple of decades.

Posted by: Methos at September 21, 2022 04:20 PM (kOpft)

164 So what do we do if Putin uses Battlefield Nukes in Ukraine ????


Watch it burn.

Posted by: Deplorable Ian Galt at September 21, 2022 04:20 PM (ufFY8)

165 I've seen a lot of houses on the market now cutting their asking price.
12 months ago, houses were selling in 2 week or less often at 10% above asking.

Lotta folks overpaid for houses they are soon not going to be able to afford ....

Posted by: People's Hippo Voice at September 21, 2022 04:21 PM (Zf0+a)

166 Removes foul infantry sock for logical soap insertion pending disciplinary action.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:21 PM (MkuC5)

167 I can't wait for Ford to start marketing the new Equitymobile when they take the DEI payroll activists and move them to the production line.
Posted by: IllTemperedCur at September 21, 2022 04:18 PM


An Equitymobile...a car for all of the folx? We like this idea.

Posted by: Democrats at September 21, 2022 04:21 PM (4p7Em)

168 one sure fire way to tame inflation is to replace fossil fuels with 'green' energy. When people need to spend an extra couple of hundred dollars a month for heat air air conditioning, there will be less money to spend on other things. Unless you are primitive enough to include the cost of the green energy, there will be a quick end to inflation and probably obesity.

Posted by: gnats local 678 at September 21, 2022 04:21 PM (Ynyl9)

169 I'm one of the few here who lives in Crenshaw's district. I'm never casting another vote for that guy. I don't give a shit if you can supply a mathematical proof that failing to do so will usher in the end times.

Posted by: bear with asymmetrical balls at September 21, 2022 04:22 PM (ppBhU)

170 "computatoonal mistake"

sums it up

perfectly

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:22 PM (MkuC5)

171 159 And that's what every community R will say who doesn't personally like their guy...and at the end of the election day, we'll still have Pelosi in charge. You take one for the team b/c in the House, you HAVE to have the gavel to get anything done. That's worth anything.
Posted by: Nova local at September 21, 2022 04:20 PM (exHjb)

=========

My vote isn't automatic.

The Republican has to earn it. If I lived in TX-2, I'd say that Crenshaw hadn't earned it.

I'm probably going to be voting against Mace cause she's kind of an idiot.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:22 PM (LvTSG)

172 OT-I don't know this guy who happens to be a Black Republican running for Congress in Michigan, but I like this ad. It shows some humor:

https://tinyurl.com/yrv5kjvj

Posted by: FenelonSpoke at September 21, 2022 04:22 PM (vH/6k)

173 The "lets sit one out" card aint even in the deck

Posted by: REDACTED at September 21, 2022 04:22 PM (us2H3)

174 According to the website, which provides economic data for 196 countries, the fall in the Russian stock market is a direct consequence of Putin's call for more troops to fight in Ukraine, Russia's first mobilization since World War II.

There is a rumor that Russia is going to close the borders and not let people leave - perhaps limited to males of military age (like Ukraine has done), perhaps more generally.

For years, Russian military, police, judges, prosecutors, and several other classes of government employees have been forbidden from traveling to the West, so there is precedent.

Posted by: The ARC of History! at September 21, 2022 04:22 PM (I2/tG)

175 In the late 70's to tame the inflation they had to hike it nearly to TWENTY PERCENT.

3.25% ain't gonna make even a dent.
Posted by: DudeAbiding at September 21, 2022 04:19 PM (AjL/0)

Same effect as pissing into a bracing breeze.

Posted by: Count de Monet at September 21, 2022 04:22 PM (4I/2K)

176
Yes, the "dual mandate" of the Fed, keep inflation low *and* ensure full employment is contradictory. They can't do both.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:22 PM (Mzdiz)

177 >>It should have been TWELVE THOUSAND THREE HUNDFED DOLLLARS PER SEAT.
It is the bus seats that cost $1230

And it changed the entire dynamic of the midterm elections and moved illegal immigration and leftist hypocrisy further into the spotlight.

Outstanding investment at twice the price.

Posted by: JackStraw at September 21, 2022 04:22 PM (ZLI7S)

178 This is the whole problem with the FED and why people like Ron Paul were right all along. But the TruCons made Ron Paul into some anti-semitic boogeyman because he didn't like the Iraq War.

The entire premise of an unelected bankers basically throwing the economy into boom and bust cycles is an absurd premise. When we were on a gold standard a $1 was worth the same 100 years apart. We also didn't have the ability to run trillions into debt.

Posted by: Blago at September 21, 2022 04:22 PM (PwNLq)

179 158 Not sure what's so hard to predict...Biden's economy sucks, more pain is coming, and it's going to he very painful.
Posted by: Economic Moron at September 21, 2022 04:09 PM (JCZqz)
--------------
Nice succinct and accurate summary. I would add the Zombies, Cannibals and Vampires to round it out.

Posted by: Pudinhead at September 21, 2022 04:23 PM (g/54t)

180
I'm one of the few here who lives in Crenshaw's district. I'm never casting another vote for that guy.

------

But... voting GOP is super important and stuff. For reasons 'n' things. I'm beginning to doubt your commitment to Sparkle Motion.

Posted by: Yudhishthira's Dice at September 21, 2022 04:23 PM (oINRc)

181 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.
Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)


It is going to get worse. Much Worse.

Posted by: rd at September 21, 2022 04:23 PM (Z32m1)

182 Got my new Assault Rifle today, a Rossi 20 inch barrel lever gun in .357 magnum. 10+1 capacity! Illegal in four States because it is "high capacity".

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:23 PM (bVYXr)

183 Posted by: Paul at September 21, 2022 04:19 PM (CCM9V)

---------------
Do you also apologize for your spelling, grammar, and life partner mistakes?

Posted by: Curly Shuffle at September 21, 2022 04:23 PM (TNyrE)

184 160 What is it when they simply stop printing money and force everyone onto digital currency?
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:15 PM
-------------
Its called war. Kind of hard to have digital currency with no electricity.


nah. we'll just have to use those multi-part forms and the old credit card zoopers to zoop or digital dollar cards until the electricity comes back online.

(was at an ihop a while back when their credit card processor was offline. they a) didn't know how to use the zooper and b) only had one of the multi-part forms left, which they used on me so the poor fellow behind me couldn't pay)

Posted by: kulak anachronda at September 21, 2022 04:23 PM (v3pYe)

185 Russia reintroducing conscription, and a clear threat to use nukes.
Yeah, more pain is coming.
Posted by: Diogenes at September 21, 2022 04:14 PM (anj39)


Um, no. Russia has a draft, and uses it each year to grab 135k conscripts. One year of service though. They've just upped the # they plan to draft. Here. read a bit about it yourself:

https://en.wikipedia.org/wiki/
Conscription_in_Russia

Posted by: GnuBreed at September 21, 2022 04:24 PM (JOtiF)

186 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.
Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq

My savings account interest rates going up. Almost 1% now. Woo Hoo !!! I'm rich.

I remember when complaining that the savings account interest rate had fallen to 4% in 2007 IIRC .

Posted by: polynikes at September 21, 2022 04:24 PM (1XoKP)

187 <=== is very pleased he refinanced his house at 1.6% fixed for 30 years with no points a few years ago.

Posted by: Washington Nearsider at September 21, 2022 04:24 PM (AZ2ED)

188 5 So what do we do if Putin uses Battlefield Nukes in Ukraine ????


Watch it burn.

Posted by: Deplorable Ian Galt at September 21, 2022 04:20 PM (ufFY

Democrats pull their usual tough guy act and plunge us into war while watching their "approval" skyrocket just in time for the next fake election.

Posted by: ... at September 21, 2022 04:24 PM (Xm6hb)

189 So what do we do if Putin uses Battlefield Nukes in Ukraine ????

Give more money to Raytheon. Miley has his future board seat to consider, after all.

Posted by: The ARC of History! at September 21, 2022 04:24 PM (I2/tG)

190 When we were on a gold standard a $1 was worth the same 100 years apart. We also didn't have the ability to run trillions into debt.
--------------
Please note, you pennies are copper claded zinc tokens.

Posted by: Pudinhead at September 21, 2022 04:24 PM (g/54t)

191 My sister bought a condo at the top of the market in 2008. She was upside down for more than 12 years.

Posted by: G'rump928(c) at September 21, 2022 04:24 PM (yQpMk)

192 I've seen a lot of houses on the market now cutting their asking price.
12 months ago, houses were selling in 2 week or less often at 10% above asking.


They want only 50% more than it cost 5 years ago, rather than 60%. Reality hasn't really hit yet.

Posted by: Archimedes at September 21, 2022 04:24 PM (ayzS/)

193
This bumbling idiot is also screwing Europe so bad that their ass's may never heal.
Posted by: Ferd Berfall



Fuck Europe. Fucking ingrates. They should thank their lucky stars that the US stuck around after WWII, otherwise they'd all be speaking Russian while waiting 6 hours in line to buy a loaf of sawdust bread for the week.

Posted by: IllTemperedCur at September 21, 2022 04:24 PM (n+4am)

194 182 So the bad news is that your IRA just lost 25% of its value, but the good news is....

wait, there is no good news.
Posted by: Ultra pj at September 21, 2022 04:10 PM (G1dq6)

It is going to get worse. Much Worse.


go long on gold rubles

Posted by: kulak anachronda at September 21, 2022 04:24 PM (v3pYe)

195 170 I'm one of the few here who lives in Crenshaw's district. I'm never casting another vote for that guy. I don't give a shit if you can supply a mathematical proof that failing to do so will usher in the end times.
Posted by: bear with asymmetrical balls at September 21, 2022 04:22 PM (ppBhU)

Gone are they days when the letter after one's name was a guaranteed vote. The Republican party is every bit as complicit in our decline as the Democrats. If the R in question is a quisling deep state shithead, then third party or stay the hell home. Kayfabe is no way to run a country.

Posted by: Warai-otoko at September 21, 2022 04:24 PM (6FeV1)

196
Some history on the '70s inflation. Tricky Dick blamed the Fed in part for his 1960 loss. He thought they tightened in the lead, and that cost him the election.

So, when he finally got to be President, he put a political lackey, Arthur Burns, in as Fed Chair. There are storied of Nixon physically threatening Burns to keep money loose.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:24 PM (Mzdiz)

197
I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.

__________

Corporate always likes laying people off in November. It's called "hunting season" for a reason. Just before Christmas is better.

Posted by: Hadrian the Seventh at September 21, 2022 04:24 PM (1Nxff)

198 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
Posted by: Ferd Berfall at September 21, 2022 04:16 PM (0vFtj)
........

Send Zelenskyy another $50 billion?

Posted by: wth at September 21, 2022 04:25 PM (v0R5T)

199 go long on gold rubles
Posted by: kulak anachronda at September 21, 2022 04:24 PM (v3pYe)

Pooterrands?

Posted by: Warai-otoko at September 21, 2022 04:25 PM (6FeV1)

200 I'm one of the few here who lives in Crenshaw's district. I'm never casting another vote for that guy. I don't give a shit if you can supply a mathematical proof that failing to do so will usher in the end times.
Posted by: bear with asymmetrical balls at September 21, 2022 04:22 PM (ppBhU)

Hear hear! I used to live in his district until they gerrymandered me out of it. Not voting for Crenshaw this November was going to be the zenith of my voting career.

Posted by: Count de Monet at September 21, 2022 04:25 PM (4I/2K)

201 I feel like about a third of my net worth has been wiped out all for some meaningless checks in the mail that maybe bought an iPhone.

Posted by: Blago
-----------------------
Federal deficit spending since 00 plus entitlement promises pretty much baked this into the cake. The question before the Fed was inflate away the debt or default. They chose the historical way that most government chose in such a crisis--inflate the debt away.

Posted by: whig at September 21, 2022 04:25 PM (CXr4y)

202 Judas Fucking Priest, at this rate my 401k will be worthless.

FUCK JOE BIDEN!!!

And an especially big FUCK YOU to all the bloody sycophants that support this regime.

Posted by: Scuba_Dude at September 21, 2022 04:25 PM (WsJuq)

203 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
______________

Copious amounts of SPF 10,000.

Posted by: Adirondack Patriot at September 21, 2022 04:25 PM (lf83v)

204 @27

>>The reason the BADORANGEMAN Cult is having orgasms about that partisan hack DA in NYC going after Trump and his family that has been all over the newz.

Even Andy McCarthy and Billy BagPipes said this is complete hacktastic partisan bullsh*t.

Which is nice, but f**k those guys anyway.

Posted by: Thomas Bender at September 21, 2022 04:25 PM (Xm7Q9)

205 Isnt it funny though they didn't act "late" as soon as Trump was sworn in? Something like 8 times interest rates were raised in his 4 years as President. ...
Posted by: Blago at September 21, 2022 04:18 PM (PwNLq)
++++
Trump came in after the Fed started raising rates. The Fed raised rates twice during Obama's presidency, once per year in each of the last two years of his administration (2015 and 2016), a quarter point each time. They accelerated under Trump, with three hikes in 2017 and four in 2018, still a quarter point each time. Then they reversed course and *cut* rates three times in 2019 (still a quarter point each time), before the emergency cuts in 2020 which dragged them back to zero percent.

Trump was elected after the Fed had started its hikes. They did accelerate under Trump but the trend had already started. Then the Fed blinked in 2019 and started cutting again, and I think it was at least partly due to political pressure from the Trump administration, probably as a quid pro quo when Powell was appointed in 2018 (though this is, of course, speculation).

The Fed plays politics, but this isn't a case of "Because Trump."

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:25 PM (t0OGg)

206 Posted by: Paul at September 21, 2022 04:19 PM (CCM9V)

The moose out front is letting one name trolls in again.

Posted by: Somewhere South of I-80 at September 21, 2022 04:25 PM (1DgE4)

207 179 This is the whole problem with the FED and why people like Ron Paul were right all along. But the TruCons made Ron Paul into some anti-semitic boogeyman because he didn't like the Iraq War.

The entire premise of an unelected bankers basically throwing the economy into boom and bust cycles is an absurd premise. When we were on a gold standard a $1 was worth the same 100 years apart. We also didn't have the ability to run trillions into debt.

Posted by: Blago at September 21, 2022 04:22 PM (PwNLq)

========

Meh. Ron Paul was right in the aggregate, but I think he was pretty much a conman in the particulars. He pushed crap for his district in bills that he then voted against. He never bothered to try to build a coalition. He was there to fundraise off of his crankism, even though I largely agreed with his crankism.

Rand Paul is honestly not much better. I have a soft spot for these cranks because I want their ideas to win, but they're not in DC to make actual changes. (Well, Ron is retired, but whatevs.)

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:25 PM (LvTSG)

208 Anyone think that Trump's trillion dollar 2020 deficit maybe contributed to the current inflation?
Posted by: Paul at September 21, 2022 04:24 PM (CCM9V)



The Democrat Congress's covid spending sure didn't help but, at least energy prices were low and keeping inflation down.

Also, shut up, Dunce.

Posted by: G'rump928(c) at September 21, 2022 04:26 PM (yQpMk)

209 It is going to get worse. Much Worse.

go long on gold rubles
Posted by: kulak anachronda at September 21, 2022 04:24 PM (v3pYe)

I even like the smell of gold.

Posted by: William Devane at September 21, 2022 04:26 PM (v0R5T)

210 Not that it matters, Crenshaw skated through his primary and he'll be reelected handily. For all their carping about weird sexual fetishes, conservatives are masochists of the first water. They'll all be at the polls in their bondage gear voting for Crenshaw, involuntary smiles plastered to their faces from their open-mouth gags.

Posted by: bear with asymmetrical balls at September 21, 2022 04:26 PM (ppBhU)

211 "The Propaganda Media Pretends It's The Fed That's Choking the Economy, Rather Than Biden's Toxic Profligacy That Forced The Fed to Impose Higher Interest Rates"


Say what? The dolts I installed in the White House can't do anything right.

Hey dummies - there's a big election in 48 days! You are supposed to blame MAGA Republicans for EVERYTHING bad or potentially bad, from here on out!!!!

You don't blame a Federal Board chaired by a guy recently re-appointed by Joe!

Decent employees are damned hard to find these days.

Posted by: George Soros at September 21, 2022 04:26 PM (AMIL/)

212 @190
Undoubtedly. I wish he hadn't done it.

See, that's how adults deal with things. You should try it.

Posted by: Archimedes at September 21, 2022 04:26 PM (ayzS/)

213 Posted by: Blago at September 21, 2022 04:22 PM (PwNLq)

You do know the gold standard had its own problems right? And Ron Paul was a nut.

Posted by: polynikes at September 21, 2022 04:26 PM (1XoKP)

214
During the peak of Volcker doing the Volcker the FFR did go *over* 20%. I don't think the long term T-note rates every got over 20%, but they were close.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:26 PM (Mzdiz)

215 if Putin uses nukes, it will violate official US Foreign Policy.

Posted by: Col Bearclaw at September 21, 2022 04:26 PM (Ynyl9)

216 So what do we do if Putin uses Battlefield Nukes in Ukraine ????


Watch it burn.
Posted by: Deplorable Ian Galt at September 21, 2022 04:20 PM (ufFY


That would be the smart move, but with this administration... All bets are off.

Posted by: Diogenes at September 21, 2022 04:26 PM (anj39)

217 what do we do if Putin uses Battlefield Nukes in Ukraine ????

Drink.

Posted by: Commissar of Plenty and Lysenko Solutions at September 21, 2022 04:27 PM (dgOAm)

218 I think that's the President's standard job to shake his fist at the FED chair and complain that they are killing your perfectly good economy.

But now Volunteer Pravda thinks that this is their (plural) role?

Posted by: Axeman at September 21, 2022 04:27 PM (krQz2)

219 Shannon Brandt, the 41-year-old accused of murdering 18-year-old Cayler Ellingson for being a supposed “Republican extremist,” was freed Tuesday from the Stutsman County jail in North Dakota, Breitbart News has confirmed.

Just $50,000 Bond for Man Who Said He Ran Down ‘Republican Extremist’ Teen

Posted by: SMOD at September 21, 2022 04:27 PM (RHGPo)

220 Anyone think that Trump's trillion dollar 2020 deficit maybe contributed to the current inflation?

________

Nope.

Bye, Felicia.

Posted by: Adirondack Patriot at September 21, 2022 04:27 PM (lf83v)

221 Waaay back when in Vermont?

The NRA decided Independent Socialist Bernie Sanders was better than the Republican. It was only one term after all. How many re-elections ago?

Posted by: rd at September 21, 2022 04:27 PM (Z32m1)

222 They've just upped the # they plan to draft.

No, they have also called up 300,000 military veterans from the reserves, effective immediately.

This isn't just an increase in draft calls.

I can't imagine how pissed the people who did their year of army service a couple years ago must be to get reinducted with no notice and sent to Ukraine.

Posted by: The ARC of History! at September 21, 2022 04:27 PM (I2/tG)

223 195 then third party or stay the hell home. Kayfabe is no way to run a country.
Posted by: Warai-otoko at September 21, 2022 04:24 PM (6FeV1)

==========

Don't stay home.

Non-votes don't get counted, and there's the possibility of non-used ballots used for cheating purposes.

Voting 3rd party/write in > not voting.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:27 PM (LvTSG)

224
The media put the same heat on Volcker back then as well. Time magazine did a cover with a picture of Volcker chomping on a big cigar, making him look like Mr. Potter.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:27 PM (Mzdiz)

225 if Putin uses nukes, it will violate official US Foreign Policy.

Posted by: Col Bearclaw at September 21, 2022 04:26 PM (Ynyl9)
---
Nasty letters will be drafted.

Pearls will be clutched on the UN floor.

Posted by: Axeman at September 21, 2022 04:28 PM (krQz2)

226
No, they have also called up 300,000 military veterans from the reserves, effective immediately.

_________

The world's biggest drunk tank.

Posted by: Hadrian the Seventh at September 21, 2022 04:28 PM (1Nxff)

227 I don't predict much good out of the mid-terms, despite all.

I feel like America is the back half of TWA 800,
with some inertia in its favor but unlikely to prevail against gravity, it's just a matter of time.

Posted by: Sarahw at September 21, 2022 04:28 PM (g1vnC)

228 Lol, news feed was pimping a poll showing Kelly 12 points ahead of Masters.

Sure.

Posted by: People's Hippo Voice at September 21, 2022 04:28 PM (Zf0+a)

229 183 Got my new Assault Rifle today, a Rossi 20 inch barrel lever gun in .357 magnum. 10+1 capacity! Illegal in four States because it is "high capacity".

Posted by: Mister Scott
------------
You should enjoy it. Only thing is be careful of sharp edges inside the receiver. The inside of loading gate area is one of those areas that can draw blood if you are not careful.

Ask me how I know.

Posted by: whig at September 21, 2022 04:28 PM (CXr4y)

230 And it changed the entire dynamic of the midterm elections and moved illegal immigration and leftist hypocrisy further into the spotlight.

Outstanding investment at twice the price.


This is like the Dems refusing to build the wall because it cost to much. Yeah, that's the reason.

Posted by: Archimedes at September 21, 2022 04:28 PM (ayzS/)

231 Paul can't even afford a marksalot to take into the gloryhole

Posted by: REDACTED at September 21, 2022 04:29 PM (us2H3)

232 I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.
>>>>
Corporate always likes laying people off in November. It's called "hunting season" for a reason. Just before Christmas is better.
Posted by: Hadrian the Seventh at September 21, 2022 04:24 PM (1Nxff)

We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.

Posted by: Bob Slydell at September 21, 2022 04:29 PM (4I/2K)

233 Meh. Ron Paul was right in the aggregate, but I think he was pretty much a conman in the particulars. He pushed crap for his district in bills that he then voted against. He never bothered to try to build a coalition. He was there to fundraise off of his crankism, even though I largely agreed with his crankism.

Rand Paul is honestly not much better. I have a soft spot for these cranks because I want their ideas to win, but they're not in DC to make actual changes. (Well, Ron is retired, but whatevs.)
Posted by: TheJamesMadison
___

I think all politicians are conmen, but how many conservatives were ever talking about the Federal Reserve besides him?

It's funny because if you want small government, cutting up the government's unlimited credit card known as the FED is a big part of it.

Posted by: Blago at September 21, 2022 04:29 PM (PwNLq)

234 Voting 3rd party/write in > not voting.

Posted by: TheJamesMadison
-------------------
Yep. Or you can vote for local officials only if they meet your muster. Not voting entirely is how you become a floater and others vote in your name.

Posted by: whig at September 21, 2022 04:30 PM (CXr4y)

235 233 I think all politicians are conmen, but how many conservatives were ever talking about the Federal Reserve besides him?

It's funny because if you want small government, cutting up the government's unlimited credit card known as the FED is a big part of it.
Posted by: Blago at September 21, 2022 04:29 PM (PwNLq)

=========

Talk is cheap. I appreciate it, but Ron Paul never tried to build a coalition in Congress to even begin to curb the Fed's powers.

Instead, he got his Congressional pension.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:30 PM (LvTSG)

236 197
I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.
Posted by: Hadrian the Seventh at September 21, 2022 04:24 PM (1Nxff)

Ooooo PACKAGE! Me!! Me!!

Time to retire anyway, and have another iron in the fire I need to attend to.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:30 PM (MkuC5)

237 Fun fact: Frosk is from Middle English and means "frog".

Posted by: Wesley Crusher at September 21, 2022 04:31 PM (nEMOH)

238 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
Posted by: Ferd Berfall at September 21, 2022 04:16 PM (0vFtj)
.........

Pray that Joe forgets the codes.

Posted by: William Devane at September 21, 2022 04:31 PM (v0R5T)

239 217 what do we do if Putin uses Battlefield Nukes in Ukraine ????


nuke NYC

worked in Failsafe

Posted by: REDACTED at September 21, 2022 04:31 PM (us2H3)

240 The more liquid it is (bonds, etc.), the more the inflation has been because it's easier to move. Declines in the capital markets are going to happen, and they're going to be severe. The Fed's goal, I suspect, is to try to manage it as a slow burn rather than a crash.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:18 PM (t0OGg)


Lower interest rates mean greater investment in capital goods (I am not contradicting you, just finessing here) and a lot of companies have too much money in capital investments that have a longer term for payback because they expected the interest rates to remain low. As such they are invested wrong and may have to liquidate. One term for this is "time preference" and has to do with the current not being as important as the eventual payoff.
The liquidation itself is a problem when a company that is a Billion dollars winds up worth thirty million, for example, with sixty million in liability.

Posted by: Kindltot at September 21, 2022 04:31 PM (xhaym)

241 lumber had really skyrocketed and now came back a lot, not all the way.

7/16" OSB 4x8 sheets were up around $35 for a while, now about $13.50. No too many years ago the were around $7-8. Shutdowns probably messed up supply chains, now stabilized, but still almost double. Might go lower if housing starts crater ... but energy to produce still expensive. idk what is next, I think markets go much lower.

Posted by: illiniwek at September 21, 2022 04:31 PM (Cus5s)

242 Could someone explain the whole 9/24 deal?

Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)

243 We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.

And there is a special note in the employees personnel file if you should bring in an armed guard before the termination interview.

Posted by: The ARC of History! at September 21, 2022 04:32 PM (I2/tG)

244 Posted by: Paul at September 21, 2022 04:24 PM (CCM9V

Good point, Paul. I personally feel that Trump is responsible for every evil to plague the United States and its citizens since his birth including sports team losses, pet disappearances and jock itch.

Posted by: Raul at September 21, 2022 04:32 PM (vH/6k)

245 The entire premise of an unelected bankers basically throwing the economy into boom and bust cycles is an absurd premise. When we were on a gold standard a $1 was worth the same 100 years apart. We also didn't have the ability to run trillions into debt.

Posted by: Blago at September 21, 2022 04:22 PM (PwNLq)



In fairness, we had financial panics in 1819, 1837, 1857, 1873, 1893, and 1907. It took the Federal Reserve to make depressions long lasting.

Posted by: G'rump928(c) at September 21, 2022 04:32 PM (yQpMk)

246 I am incoherent. sorry.

Posted by: Kindltot at September 21, 2022 04:32 PM (xhaym)

247 Anyone think that Trump's trillion dollar 2020 deficit maybe contributed to the current inflation?
Posted by: Paul at September 21, 2022 04:24 PM (CCM9V)
++++
I know you're a troll, but what the hell. Yes, it contributed to the current inflation. If Trump were still president, we'd still have inflation and rates would still be going up. It would, however, not be anything like as severe and it would be over faster, for a number of reasons:
1. Massive spending bills wouldn't have happened like they did under Biden. Infrastructure bill? Extra COVID relief? Green New Deal? Nope. None of it.
2. We'd still be producing enough energy and wouldn't have shocked the energy markets, and thus would not have a key upstream factor in fast-moving inflation.
3. There'd be no war in Ukraine, with no massive spending bills to intervene in that war or even more catastrophe in global energy markets and global food markets (look at cooking oils for an example) that have resulted in reductions in trade to protect various domestic markets and populations.
4. The regulatory environment would still be conducive to rapid business development.
5. The supply chain disruptions would have been lessened.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:32 PM (t0OGg)

248 what do we do if Putin uses Battlefield Nukes in Ukraine ????

Look for someone who doesn't want to die a virgin?

Posted by: Methos at September 21, 2022 04:32 PM (kOpft)

249
So what do we do if Putin uses Battlefield Nukes in Ukraine ????
Posted by: Ferd Berfall at September 21, 2022 04:16 PM (0vFtj)

Personally? I continue not giving a shit about a couple of Slavic tinpot dictators slugging it out over a port and some black earth.

But G-d only knows what the retards who run this country will do. Something awful, you can count on that.

Posted by: Yudhishthira's Dice at September 21, 2022 04:32 PM (oINRc)

250 The Fed just raised interest rates by another 0.75%, putting Main Street economy 'dangerously close' to edge of lending cliff

Only peons have to borrow money. If you're not getting scads of freshly laundered money thru the Ukraine- serves you right!

Posted by: The Federal Reserve Bank is None of Those Things at September 21, 2022 04:33 PM (Q14hI)

251 The Regime has failed, intentionally it seems, so spectacularly in every metric they have accomplished what I once thought impossible: I find myself longing for Jimmy Carter and his sweaters.

Posted by: Lost In Space at September 21, 2022 04:33 PM (/qNGG)

252 re 225: and Biden will say something that the Admin will promptly walk back. You know, like Whoopi, it was an attack not an attack-attack.

Posted by: Col Bearclaw at September 21, 2022 04:33 PM (Ynyl9)

253 24th Century cinema critics concur, Prometheus was an interesting film.

Posted by: Wesley Crusher at September 21, 2022 04:33 PM (nEMOH)

254 "Increased government spending doesn't affect inflation!"
-Leftist troll

"Trump's increased government spending caused inflation!"
-Same leftist troll

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:33 PM (LvTSG)

255 237 Fun fact: Frosk is from Middle English and means "frog".
--------------
That's hawt!

Posted by: Pudinhead at September 21, 2022 04:33 PM (g/54t)

256 We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.

That's the great think about Work From Home employees - you can just text them that they're fired!

Posted by: HR! at September 21, 2022 04:33 PM (I2/tG)

257 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
Posted by: Ferd Berfall at September 21, 2022 04:16 PM (0vFtj)


Mad Joe says the play he will make is destroying Putin's already destroyed Black Sea Fleet. Or destroying Putin's airbases and warplanes in Crimea that the Ukrainians have been hitting hard with missiles and saboteurs. I'll bet Putin is scared, really scared. Remind me whose side Joe is on and whose side he is supposed to be on.

Posted by: Gref at September 21, 2022 04:33 PM (AMIL/)

258 I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.
Posted by: Hadrian the Seventh at September 21, 2022 04:24 PM (1Nxff)

It will be good to watch some of these people sweat for a change.
Small comfort , I know, when I'll be getting it in the shorts too

Posted by: JoeF. at September 21, 2022 04:33 PM (mR6Gs)

259 Talk is cheap. I appreciate it, but Ron Paul never tried to build a coalition in Congress to even begin to curb the Fed's powers.

Instead, he got his Congressional pension.
Posted by: TheJamesMadison
___

I'm honestly not a big Ron Paul fan, I didnt vote for him, but what exactly is he supposed to do if his own party is trying to get rid of him because he was insufficiently pro-Iraq War? he ran on an issue no one else was even talking about.

I remember they tried to make a big stink about him regarding pork barrel projects, but that's not even a rounding error on federal budgets. That was McCain's big issue of virtue signaling nonsense.

Posted by: Blago at September 21, 2022 04:33 PM (PwNLq)

260 The media put the same heat on Volcker back then as well. Time magazine did a cover with a picture of Volcker chomping on a big cigar, making him look like Mr. Potter.
Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:27 PM (Mzdiz)
---
The the Evil/Good switcheroo that Volunteer Pravda likes to make every time the party alignment changes.

A conservative FED chair against a Dem president is always a symbol of greed and excess and no care for the pain they are causing through the economy.

A Dem-appointed FED chair is always doing the best they can and the "failing" Pub President just needs to suck it up and do a better job.

Posted by: Axeman at September 21, 2022 04:33 PM (krQz2)

261 My company made me go on a big hiring spree. I spent July and August getting them hired and trained so I can fire them in November. And likely me being gone in December. Gotta love manufacturing!

Posted by: Big Fat Meanie at September 21, 2022 04:34 PM (nnZPb)

262 As such they are invested wrong and may have to liquidate. One term for this is "time preference" and has to do with the current not being as important as the eventual payoff.
The liquidation itself is a problem when a company that is a Billion dollars winds up worth thirty million, for example, with sixty million in liability.
Posted by: Kindltot at September 21, 2022 04:31 PM (xhaym)
++++
Yup. It will cause serious problems, even in healthy businesses. The healthy businesses will survive, though, but the zombies will fail under the load.

Fake zombie companies like IBM are going to be interesting to watch.

Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:34 PM (t0OGg)

263 we lose a 20 year war with some stick toting towelheads on camels

and Putin has problems

Posted by: REDACTED at September 21, 2022 04:34 PM (us2H3)

264 and let me guess, it's not the Fed-Fed doing the ruining...you know the one that's been quantitively easing the economy for a decade now (i.e., buying stocks and govt bonds to do something but really to just hide our deficit spending through inflation)...

and it's not the new Fed who cares more about ESG/DIE and the current thing.

No, it's some sort of hypothetical fed that's doing, one run by straight old white men (ewww!) who are only concerned with the bottom line.

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:34 PM (OuH7W)

265 Um, no. Russia has a draft, and uses it each year to grab 135k conscripts. One year of service though. They've just upped the # they plan to draft. Here. read a bit about it yourself:

https://en.wikipedia.org/wiki/
Conscription_in_Russia
Posted by: GnuBreed at September 21, 2022 04:24 PM (JOtiF)
***

Haven't really tracked it since the early oughts. I was thinking this is an additional callup to the standard annual thing. Reserves and such.
Its a man-grab, and not in a good way.

Speculatin' here. A year from now Russia is sitting there with a million men underarms and fresh battle experience. NATO...What to do??? What to do???

Posted by: Diogenes at September 21, 2022 04:35 PM (anj39)

266 Posted by: Joe Mannix (Not a cop!) at September 21, 2022 04:32 PM (t0OGg)

I agree. Excellent list.

Posted by: polynikes at September 21, 2022 04:35 PM (1XoKP)

267 anyway, once the US collapses, we will be able to enter the Golden Age of Socialism. I think that's the whole idea, anyway.

Posted by: Col Bearclaw at September 21, 2022 04:35 PM (Ynyl9)

268 we just want to get married

Posted by: ace

*

Not sure if it was mentioned, but it was

We just want to visit our special friend in the hospital. Or maybe

We just want to get insurance for our special friend. I'm not sure which was first. Both of which were already legal.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:35 PM (Wndnv)

269 Leftists never take any blame

Posted by: Skip's phone at September 21, 2022 04:36 PM (rNhFv)

270 So what do we do if Putin uses Battlefield Nukes in Ukraine ????

*

Check to see if it's September 24th.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:36 PM (Wndnv)

271 when I'll be getting it in the shorts too
Posted by: JoeF. at September 21, 2022 04:33 PM


You say that like it's a bad thing.

Posted by: Surprise Otters at September 21, 2022 04:36 PM (nEMOH)

272 So what do we do if Putin uses Battlefield Nukes in Ukraine ????
______________

Copious amounts of SPF 10,000.

Posted by: Adirondack Patriot at September 21, 2022 04:25 PM


Broken Arrow, Broken Arrow. No eating, smoking or drinking for the next 10,000 years.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:36 PM (bVYXr)

273 I was reading on Denninger's forum that mass lay-offs in the coporate sectors are coming in Oct through Nov. Lots of people on the chopping block.

Posted by: Hadrian the Seventh at September 21, 2022 04:24 PM (1Nxff)
---
My continental division ("North American") just had a meeting about potential cut-backs. Lucky for me, they have funneled it through my superiors that they plan to make no changes in software staffing, and they still plan to increase it.

Posted by: Axeman at September 21, 2022 04:36 PM (krQz2)

274 In fairness, we had financial panics in 1819, 1837, 1857, 1873, 1893, and 1907. It took the Federal Reserve to make depressions long lasting.
Posted by: G'rump928(c)
___

Here's the thing, a gold standard doesn't guarantee no one ever feels financial pain. It does though make a more stable currency. You can see on a chart where a dollar in 1800 is worth just about the same as a dollar in 1900.

Since the Federal Reserve was created, our currency has lost 99% of its value. With the Federal Reserve's "mission" being a stable currency. It just shows the failure of what happens when you put the government in charge of fiat currency.

Posted by: Blago at September 21, 2022 04:37 PM (PwNLq)

275 259 I remember they tried to make a big stink about him regarding pork barrel projects, but that's not even a rounding error on federal budgets. That was McCain's big issue of virtue signaling nonsense.
Posted by: Blago at September 21, 2022 04:33 PM (PwNLq)

=========

It undermines his talk about deficit spending. "Deficit spending is bad, and I vote against every budget because of the deficits!" "Also, include my district's pork in that bill I'm gonna vote against that's guaranteed to pass."

In terms of "ending the fed", the point was that he was largely independent financially regarding his campaigns, which allowed him to saw whatever he wanted without worrying about the GOP primarying him or denying him funds. That's a strong place to start building a coalition, by extending that funding to fellow minds in Congress, getting them loyal to you rather than the GOPe. A slow process that has a better chance of actually affecting some change (a dozen R's in a close House refusing to vote for a bill? that's something) than just empty talk.

I don't hate the Pauls. They are not any kinds of leaders, though.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:37 PM (LvTSG)

276 242 Could someone explain the whole 9/24 deal?
Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)

PSYOP

Not worth worrying about.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:37 PM (MkuC5)

277 So what do we do if Putin uses Battlefield Nukes in Ukraine ????

///

oh, you know...we'll all die

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:37 PM (OuH7W)

278 The Regime has failed, intentionally it seems, so spectacularly in every metric they have accomplished what I once thought impossible: I find myself longing for Jimmy Carter and his sweaters.
Posted by: Lost In Space at September 21, 2022 04:33 PM (/qNGG)

I keep saying that as bad as Carter was, the country he led hadn't gone off the rails yet. No one was chopping off body parts, chemically castrating kids, cancelling everybody for things they said, and women were slim and eminently bangable, not tatted up blue-haired land whales. We had fewer Mexicans--at least outside of California-- and virtually no Muslims

Posted by: JoeF. at September 21, 2022 04:37 PM (mR6Gs)

279 Leftists never take any blame
Posted by: Skip's phone at September 21, 2022 04:36 PM (rNhFv)
---
Jim Jones was just this crazy reverend cult guru from Indiana!

Posted by: Axeman at September 21, 2022 04:38 PM (krQz2)

280 Could someone explain the whole 9/24 deal?

*

A German politician said everyone will remember where they would be on September 24th.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:38 PM (Wndnv)

281 The Regime has failed, intentionally it seems, so spectacularly in every metric they have accomplished what I once thought impossible: I find myself longing for Jimmy Carter and his sweaters.

////

they didn't fail.

they got rich, didn't they? The got their green new deal passed, all they had to do is name it something related to the current thing.

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:38 PM (OuH7W)

282 Leftists never take any blame
Posted by: Skip's phone at September 21, 2022 04:36 PM (rNhFv)


Never take blame
Never admit defeat

Posted by: JoeF. at September 21, 2022 04:39 PM (mR6Gs)

283 The entire premise of an unelected bankers basically throwing the economy into boom and bust cycles is an absurd premise. When we were on a gold standard a $1 was worth the same 100 years apart. We also didn't have the ability to run trillions into debt.
Posted by: Blago at September 21, 2022 04:22 PM (PwNLq)


Mostly it meant the governments couldn't run world wars and a military adventure for 80 years without going broke, and had to pay full price for vote buying construction projects

The Treasury and Congress could create some inflation via the redeeming value of silver against gold, and could issue things like the railroad bonds which were the reason for a number of the late 1800's panics.
Banks themselves could issue currency above reserves and go bankrupt as well, but this was something that was a short cycle correction

Posted by: Kindltot at September 21, 2022 04:39 PM (xhaym)

284 is there a term for when the economy shrinks for 3 quarters in a row?

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:39 PM (OuH7W)

285 Locked in home mortgage at 13.5% and payed 10% interest rates for the business in early 80's. Not feeling a lot of sympathy.

Posted by: olddog in mo at September 21, 2022 04:39 PM (ju2Fy)

286 Haven't really tracked it since the early oughts. I was thinking this is an additional callup to the standard annual thing. Reserves and such.

Nope, big change. The 300,000 reservists got their callup notices right after Putin's speech, and were given less than 24 hours to report to their local induction center.

Some parts of the Russian government still function, apparently.

Speculatin' here. A year from now Russia is sitting there with a million men underarms and fresh battle experience. NATO...What to do??? What to do???

Russia has two million people in the reserves.

Posted by: HR! at September 21, 2022 04:39 PM (I2/tG)

287 Bigger problem it's not just the Biden spending binge. The whole covid scam had huge cash infusions for everybody. Money was dropped by the pallets from airplanes across the country for a couple years. Unfortunately Trump went along with this.


It's going to take a whole lot more than a couple more 0.75% interest rates hikes to undo the effect of that. Too bad nobody tried warning about this disaster.

Posted by: Ripley at September 21, 2022 04:39 PM (MxEKc)

288 I keep saying that as bad as Carter was, the country he led hadn't gone off the rails yet. No one was chopping off body parts, chemically castrating kids, cancelling everybody for things they said, and women were slim and eminently bangable, not tatted up blue-haired land whales. We had fewer Mexicans--at least outside of California-- and virtually no Muslims

Try as you might, you will never make me nostalgic for the 70s. Well, with the exception of getting laid in college.

Posted by: Archimedes at September 21, 2022 04:39 PM (ayzS/)

289 A German politician said everyone will remember where they would be on September 24th.
Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:38 PM (Wndnv)

Will if you will remember it means you survive...

Posted by: It's me donna at September 21, 2022 04:39 PM (bs+z0)

290 A German politician said everyone will remember where they would be on September 24th.
Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:38 PM (Wndnv)



The Bundestag Fire.

Posted by: G'rump928(c) at September 21, 2022 04:39 PM (yQpMk)

291 Leftists never take any blame

*

It's just bad luck. Also the right people weren't in charge.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:39 PM (Wndnv)

292 Is it possible for an ideological conservative or anyone else serious about limited government to be a leader in the congressional GOP anymore? The party's working premise for a quarter century has been "just the tip." It's not really a few bad apples . . .

Posted by: bear with asymmetrical balls at September 21, 2022 04:39 PM (ppBhU)

293 I don't hate the Pauls. They are not any kinds of leaders, though.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:37 PM (LvTSG)
---
That's a good way to put it.

I like Rand more than I do Ron, though.

Posted by: Axeman at September 21, 2022 04:39 PM (krQz2)

294 284 is there a term for when the economy shrinks for 3 quarters in a row?
Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:39 PM (OuH7W)

========

The greatest economy in American history.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:40 PM (LvTSG)

295 Talk is cheap. I appreciate it, but Ron Paul never tried to build a coalition in Congress to even begin to curb the Fed's powers.

Instead, he got his Congressional pension.

Posted by: TheJamesMadison
-----------------------
Ron Paul had a predecessor. There was a guy named HR Gross who was a Congress critter from Iowa. He was known as the abominable no-man due to his objections and votes against government spending bills.

The problem with preaching austerity is that everyone wants to go to heaven but no one wants to die. Austerity is unpopular with the voting public until AFTER the inevitable disaster happens when a government spends too much and takes in too little in taxes. Arguably, for the US, the reset will be more difficult due to the use of the dollar as the world reserve currency for convenience. The Euro, yen, or the yuan are also in countries that have similar if not worse debt problems so dunno but world trading will collapse as a result somewhat like in the Great Depression.

Posted by: whig at September 21, 2022 04:40 PM (CXr4y)

296 People who have low interest mortgages are not going to be selling.

That is going to drive inventory down, which will drive prices up. With higher interest rates. So demand will go down.



Posted by: blaster at September 21, 2022 04:40 PM (pwExq)

297 267 anyway, once the US collapses, we will be able to enter the Golden Age of Socialism. I think that's the whole idea, anyway.
Posted by: Col Bearclaw



They want to create a World without Sin. A Utopia.

All Utopia's lead to death camps.

Posted by: Puddleglum at work at September 21, 2022 04:40 PM (3FiQa)

298 A German politician said everyone will remember where they would be on September 24th.
Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:38 PM (Wndnv)

Who? A Socialist politician? A conservative? What did he say before that--and after that? Was it in response to a question? About what?
CONTEXT?

Posted by: JoeF. at September 21, 2022 04:40 PM (mR6Gs)

299 there a term for when the economy shrinks for 3 quarters in a row?

*

Possible inflation next year.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:40 PM (Wndnv)

300 Question: what's the deal with gold? I would have thought we'd be seeing significant price increases in this time of high inflation, but the price has actually fallen quite a bit.

Posted by: Paco at September 21, 2022 04:40 PM (njExo)

301 is there a term for when the economy shrinks for 3 quarters in a row?

Still Not A Recession!

Posted by: The Biden Administration! at September 21, 2022 04:40 PM (I2/tG)

302 If the rumors of possible nuke strikes aren't just pistol, why wouldn't Russia first use their version of our MOAB instead of tactical nukes? From what I recall it's 2x as powerful.

Posted by: polynikes at September 21, 2022 04:41 PM (1XoKP)

303 Could someone explain the whole 9/24 deal?
Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)

A Volkswagen / Audi parts bin car produced by Audi and rebadged as a Porsche.

Posted by: Harm Lagaay, Porsche AG, 924 designer at September 21, 2022 04:41 PM (4I/2K)

304 Is it possible for an ideological conservative or anyone else serious about limited government to be a leader in the congressional GOP anymore? The party's working premise for a quarter century has been "just the tip." It's not really a few bad apples . . .
Posted by: bear with asymmetrical balls at September 21, 2022 04:39 PM (ppBhU)
---
The crest of the GOP reads " Is Not The Hill To Die On".

Posted by: Axeman at September 21, 2022 04:41 PM (krQz2)

305 Darnit, possible RECESSION next year.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:41 PM (Wndnv)

306 DJIA Down 2.03 percent to 30,135
Mitch McConnell rating down 27 percent to 3.00


Posted by: Maj. Healey at September 21, 2022 04:41 PM (ZCool)

307 Layoffs started happening in the mortgage biz months ago. Office I worked at late last year was down 30% of employees 6 months after I finished my contract.

Posted by: Blake - semi lurker at large at September 21, 2022 04:41 PM (0oyLo)

308 I can't imagine how pissed the people who did their year of army service a couple years ago must be to get reinducted with no notice and sent to Ukraine.

Posted by: The ARC of History! at September 21, 2022 04:27 PM


Probably about the same number of Reservists I did Admin discharges on when they were activated and refused to deploy for desert Storm. There were a bunch.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:41 PM (bVYXr)

309 What doe "in fairness" really mean?

Posted by: That guy who always asks... at September 21, 2022 04:41 PM (Xrfse)

310 299 there a term for when the economy shrinks for 3 quarters in a row?

Yes they will say Trump lied or it's Trump's fault....

Posted by: Ferd Berfall at September 21, 2022 04:41 PM (eRS2I)

311 257 I'll bet Putin is scared, really scared.
Posted by: Gref at September 21, 2022 04:33 PM (AMIL/)

He is definitely not scared of us or most anyone else on the planet - but he is scared of losing Russia, and that country has a very bleak future because of demographics. Their population is declining rapidly, they are putting the one generation that can have kids right now through the military meat grinder in Ukraine. Russia has no strong future, period. They are on the decline. Putin knows this, which is why he's acting now.

It's a crapshoot what will happen regarding nukes. This is Russia's last hurrah. And I don't mean just Ukraine, they have other geographic holes they want to fill since the fall of the USSR.

Posted by: Colonel Travis at September 21, 2022 04:41 PM (RG7Wy)

312 anyway, once the US collapses, we will be able to enter the Golden Age of Socialism. I think that's the whole idea, anyway.
Posted by: Col Bearclaw

The Golden Age, when we all get pissed on

Posted by: JoeF. at September 21, 2022 04:41 PM (mR6Gs)

313 The greatest economy in American history.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:40 PM (LvTSG)

Time Magazine's Economy Of The Year

Posted by: Warai-otoko at September 21, 2022 04:41 PM (6FeV1)

314 Banksters. Fed Res Balance sheet is well north of $8 Trillion, more than 5 of that US Federal debt. Or, in other words they printed 5 trillion dollars and fed it to the economy.... as shown by their own M2 Money supply chart, and have that as debt of the US Government.

We pay interest on the Federal debt... and we now pay a LOT of that interest to? The Fed Res Bank... who just raised interest rates.. now, when the Fed makes money, they pay a dividend to??? Their stock holders, which are other Banks.

System is rigged by Bankers not explaining reality to Politicians, and Politicians spending... and we the Taxpayer who SAVED money... the ones not in debt, are getting screwed.

Ergo, banks will make money off of inflation.

Posted by: Romeo13 at September 21, 2022 04:41 PM (oHd/0)

315 The moar things get bad the moar Dems will talk about race.

Posted by: Pudinhead at September 21, 2022 04:41 PM (g/54t)

316 Biden, meanwhile, has pledged $2.9 billion to give to his donors...I mean address globol food insecurity.

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:41 PM (OuH7W)

317 Could someone explain the whole 9/24 deal?
Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)
---
The Germans want to add two days to the week.

Pagans.

Posted by: Axeman at September 21, 2022 04:41 PM (krQz2)

318 306 DJIA Down 2.03 percent to 30,135
Mitch McConnell rating down 27 percent to 3.00


Posted by: Maj. Healey at September 21, 2022 04:41 PM (ZCool)

=======

If Mitch were running for re-election this year, he'd win by 50 points.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:41 PM (LvTSG)

319 does

Posted by: That guy who always asks... at September 21, 2022 04:42 PM (Xrfse)

320 is there a term for when the economy shrinks for 3 quarters in a row?
Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:39 PM (OuH7W)

"Mounting fears of potential recession"

Posted by: Methos at September 21, 2022 04:42 PM (kOpft)

321 Pistol = psyop

Sheesh

Posted by: polynikes at September 21, 2022 04:42 PM (1XoKP)

322 It undermines his talk about deficit spending.
Posted by: TheJamesMadison
___

To me, this is like Trump talking up small government and then spending Obama under the table.

Except in Ron Paul's case, it really is a meaningless issue imo.

I can even sympathize with the idea that I want my Congressional rep to bring home federal dollars rather than say L.A. gets a lightrail system with my tax dollars while our roads and bridges crumble.

I don't really care about Ron Paul as a person, but I do think conservatives are ignoring a key piece of how to get smaller government by reforming the Federal Reserve.

Posted by: Blago at September 21, 2022 04:42 PM (PwNLq)

323 293 I don't hate the Pauls. They are not any kinds of leaders, though.


TJM this is a great point! Yes.

I always get people saying "you should lead this project you would be amazing" and at 29 I know myself. No. I would not. I'm great at advising and great at mentoring. I cannot lead.

Just a thing. And you're right, both Doctor Pauls are the same. A lot of lefties are the same, but they think they can do everything perfectly and have no inner voice, so...

Posted by: BlackOrchid at September 21, 2022 04:42 PM (w0NJk)

324 People who have low interest mortgages are not going to be selling.

That is going to drive inventory down, which will drive prices up. With higher interest rates. So demand will go down.


Perhaps, but that will be offset by people who MUST move, and by people who can't make ends meet after buying mortgages they couldn't afford, and then losing their jobs.

Posted by: Archimedes at September 21, 2022 04:43 PM (ayzS/)

325 314 Banksters. Fed Res Balance sheet is well north of $8 Trillion, more than 5 of that US Federal debt. Or, in other words they printed 5 trillion dollars and fed it to the economy.... as shown by their own M2 Money supply chart, and have that as debt of the US Government.

We pay interest on the Federal debt... and we now pay a LOT of that interest to? The Fed Res Bank... who just raised interest rates.. now, when the Fed makes money, they pay a dividend to??? Their stock holders, which are other Banks.

System is rigged by Bankers not explaining reality to Politicians, and Politicians spending... and we the Taxpayer who SAVED money... the ones not in debt, are getting screwed.

Ergo, banks will make money off of inflation.
-----------------
Winner, winner - chicken dinner.

Posted by: Pudinhead at September 21, 2022 04:43 PM (g/54t)

326 I don't really care about Ron Paul as a person, but I do think conservatives are ignoring a key piece of how to get smaller government by reforming the Federal Reserve.
Posted by: Blago at September 21, 2022 04:42 PM (PwNLq)

Ron or Rand ?

Posted by: It's me donna at September 21, 2022 04:43 PM (bs+z0)

327 Locked in home mortgage at 13.5% and payed 10% interest rates for the business in early 80's. Not feeling a lot of sympathy. Posted by: olddog

The good old days. I was trying to buy my first home during that period. It didn't go well, and I didn't get much of a place to live. It was then and there I permanently parted ways with the Left.

Posted by: Lost In Space at September 21, 2022 04:43 PM (/qNGG)

328 I put the bottom for the Dow at 20K, and the NASDQ closer to 4K than 6.

Posted by: G'rump928(c) predicts at September 21, 2022 04:43 PM (yQpMk)

329 The 70s were the last time the Pittsburgh Pirates won World Series ('71 and '79). They'll never win another. They're just a minor league team in a major league ballpark now.

Posted by: Puddleglum at work at September 21, 2022 04:43 PM (3FiQa)

330 System is rigged by Bankers not explaining reality to Politicians, and Politicians spending... and we the Taxpayer who SAVED money... the ones not in debt, are getting screwed.

Ergo, banks will make money off of inflation.
Posted by: Romeo13 at September 21, 2022 04:41 PM (oHd/0)

to put it in perspective, the Fed Res Bank just made $37.5 BILLION dollars over the next year, with this rate hike.

Posted by: Romeo13 at September 21, 2022 04:44 PM (oHd/0)

331 Also, the 'Russian Reserve' force is a paper tiger too. UnderstandingWar.org has a primer on how the reserve system works:

The Russian reserve has over two million former conscripts and contract servicemen on paper, but few are actively trained or prepared for war.[11] Historically, only 10 percent of reservists receive refresher training after completing their initial term of service.[12] Russia lacks the administrative and financial capacity to train reservists on an ongoing basis. According to a 2019 RAND analysis, Russia only had 4,000 to 5,000 troops in what would be considered an active reserve in the Western sense, meaning soldiers attending regular monthly and annual training.

https://tinyurl.com/3resx8z8

Posted by: GnuBreed at September 21, 2022 04:44 PM (JOtiF)

332 Perhaps, but that will be offset by people who MUST move, and by people who can't make ends meet after buying mortgages they couldn't afford, and then losing their jobs.
Posted by: Archimedes at September 21, 2022 04:43 PM (ayzS/)


So the bottom falling out will be ameliorated by the bottom falling out?

Posted by: blaster at September 21, 2022 04:44 PM (pwExq)

333 is there a term for when the economy shrinks for 3 quarters in a row?
Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:39 PM (OuH7W)

Impotent. Detumescent. Frightened turtle.

Posted by: Count de Monet at September 21, 2022 04:44 PM (4I/2K)

334 If the rumors of possible nuke strikes aren't just pistol, why wouldn't Russia first use their version of our MOAB instead of tactical nukes? From what I recall it's 2x as powerful.

To send a signal. Russia has specialized in building tiny nukes (less than a kiloton), specifically to send a signal without doing a lot of damage.

Posted by: The Biden Administration! at September 21, 2022 04:44 PM (I2/tG)

335 is there a term for when the economy shrinks for 3 quarters in a row?

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:39 PM (OuH7W)
---
You'll have to ask the White House Board of Decidin' Stuff.

Besides, we have 0.3% growth, so any recession there might have been is over! </sarc>

Posted by: Axeman at September 21, 2022 04:45 PM (krQz2)

336 China is about 10 years behind Russia on demographics. Gonna make for a wild decade.

By 2030 we will be living like the Flintstones

Posted by: Big Fat Meanie at September 21, 2022 04:45 PM (nnZPb)

337 When many times White House "officials" dispute the declarations made by Bogus Bonehead Biden, the "so-called" president of the United States, does anyone care to ask, who are these people? It seems like a reasonable query.

Posted by: washrivergal at September 21, 2022 04:45 PM (JxDRp)

338 I put the bottom for the Dow at 20K, and the NASDQ closer to 4K than 6.

Posted by: G'rump928(c) predicts at September 21, 2022 04:43 PM (yQpMk)
---
Trump overvalued the DOW and has cheated us all.

Posted by: Axeman at September 21, 2022 04:46 PM (krQz2)

339 292 Is it possible for an ideological conservative or anyone else serious about limited government to be a leader in the congressional GOP anymore? The party's working premise for a quarter century has been "just the tip." It's not really a few bad apples . . .

Posted by: bear with asymmetrical balls
---------------------
And when you start goring sacred cows, how many here are going to like reining in government pensions and health care, social security, and so on. The only way to bring taxes and spending back into balance is cut something like 40 percent of the federal budget OVERALL and the only way to do that cut is make it apply to everyone with no exclusions based on age, wealth, etc. Ultimately, everyone, voters and pols, agree only to kick it down the road.

Everyone hates austerity which is why the Greenies try to weasel out of the consequences of their actions but they are due to come up for a good rogering just as the peeps on Capitol Hill are this winter.

Posted by: whig at September 21, 2022 04:46 PM (CXr4y)

340 By 2030 we will be living like the Flintstones
Posted by: Big Fat Meanie at September 21, 2022 04:45 PM (nnZPb)

Without massive Brontosaurus Ribs to take out

Posted by: JoeF. at September 21, 2022 04:46 PM (mR6Gs)

341 Gotta say that I'm not erotically attracted to "big Juicy booty" on woman-or men, either, for that matter, but if I were, the pictures of A O-C dancing around does not show much of her booty.. They're usually from the waist up or she looks like she's saluting the earth like a Hindu or Muslim but you still can't see anything.

And no, please don't include links of said booty.

Posted by: FenelonSpoke at September 21, 2022 04:46 PM (vH/6k)

342 I have seen this type of thing before.

Posted by: Paul von Hindenburg at September 21, 2022 04:46 PM (z9V4B)

343 Also, the 'Russian Reserve' force is a paper tiger too.

It's true that Russia doesn't train their reserves, but I suspect that all the 300,000 people called up did their military service five years ago or less. (The callup is only 15% of Russia's total reserves.)

Putin promised that they would get refresher training before being sent to Ukraine.

Posted by: The Biden Administration! at September 21, 2022 04:46 PM (I2/tG)

344 315 The moar things get bad the moar Dems will talk about race.

Posted by: Pudinhead at September 21, 2022 04:41 PM (g/54t)


Fed Interest rates above 1% are racist!

Posted by: Gref at September 21, 2022 04:46 PM (AMIL/)

345 When many times White House "officials" dispute the declarations made by Bogus Bonehead Biden, the "so-called" president of the United States, does anyone care to ask, who are these people? It seems like a reasonable query.

Posted by: washrivergal at September 21, 2022 04:45 PM (JxDRp)
---
Biden would be in trouble if he told you.

Posted by: Axeman at September 21, 2022 04:46 PM (krQz2)

346 339 Everyone hates austerity which is why the Greenies try to weasel out of the consequences of their actions but they are due to come up for a good rogering just as the peeps on Capitol Hill are this winter.
Posted by: whig at September 21, 2022 04:46 PM (CXr4y)

=========

"Cut government spending, just not mine."
-The Tea Party, pretty much

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:47 PM (LvTSG)

347 To send a signal. Russia has specialized in building tiny nukes (less than a kiloton), specifically to send a signal without doing a lot of damage.

Didn't they put those in suitcases, like 30 years ago?

Posted by: Methos at September 21, 2022 04:47 PM (kOpft)

348 Is it possible for an ideological conservative or anyone else serious about limited government to be a leader in the congressional GOP anymore? The party's working premise for a quarter century has been "just the tip." It's not really a few bad apples . . .
---
There will never be a political coalition to cut spending.

We lost that argument badly.

There are two plans now:
1) keep spending and rub the fur off that lucky rabbit foot in hopes growth will absorb the $16 trillion pumped over the last 13 years. This is the Republican plan.
2) keep spending and blame the crash on Republicans.

Posted by: People's Hippo Voice at September 21, 2022 04:47 PM (Zf0+a)

349
Could someone explain the whole 9/24 deal?
Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)

_________

NHL pre-season starts.

So who's this "German politician"? That's all I ever see with this 9/24 stuffola.

Posted by: Hadrian the Seventh at September 21, 2022 04:47 PM (1Nxff)

350 So the bottom falling out will be ameliorated by the bottom falling out?

No, you said inventory would fall. There are offsetting factors in play.

Posted by: Archimedes at September 21, 2022 04:47 PM (ayzS/)

351 328 I put the bottom for the Dow at 20K, and the NASDQ closer to 4K than 6.
Posted by: G'rump928(c) predicts at September 21, 2022 04:43 PM (yQpMk)

That is also my bottom for buying - but I don't want to say that's the actual bottom b/c it could go even lower...

Posted by: Nova local at September 21, 2022 04:47 PM (exHjb)

352 How long until that glorious 0.3% is "revised downwards"?

Posted by: Warai-otoko at September 21, 2022 04:47 PM (6FeV1)

353 does anyone care to ask, who are these people?

Posted by: washrivergal at September 21, 2022 04:45 PM (JxDRp)
---
I've been known to ask that question.

Posted by: Jerry Seinfeld at September 21, 2022 04:47 PM (krQz2)

354 Who? A Socialist politician? A conservative? What did he say before that--and after that? Was it in response to a question? About what?
CONTEXT?
Posted by: JoeF

*

I ain't speak no German, yo.

I'm told "he misspoke" and it was about Russia invading Ukraine, but no one cares much about that, much less remembers where they were or the date it happened.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:47 PM (Wndnv)

355 352 How long until that glorious 0.3% is "revised downwards"?


just before Columbus Day weekend is my guess

Posted by: BlackOrchid at September 21, 2022 04:47 PM (w0NJk)

356 I remember when the American economy and financial companies ran very well with a 6% prime rate.

Posted by: Pork Chops & Bacons at September 21, 2022 04:47 PM (BdMk6)

357 Locked in home mortgage at 13.5% and payed 10% interest rates for the business in early 80's. Not feeling a lot of sympathy. Posted by: olddog

The good old days. I was trying to buy my first home during that period. It didn't go well, and I didn't get much of a place to live. It was then and there I permanently parted ways with the Left.

Posted by: Lost In Space at September 21, 2022 04:43 PM (/qNGG)


Our first mortgage was also at 13.5%, in '80 or '81. That was the LOW for the year, so we felt lucky to get that rate. Oh. And Carter had requested all companies stop giving annual raises, and they happily obeyed. Go figure.

Posted by: GnuBreed at September 21, 2022 04:48 PM (JOtiF)

358 Biden would be in trouble if he told you.
Posted by: Axeman

little baby Beau up in heave would cry if he had to tell you

Posted by: sockamster, Aos ShowRunner at September 21, 2022 04:48 PM (OuH7W)

359 You were promised The Jetsons
You'll accept The Simpsons
You'll get The Flintstones

Posted by: JoeF. at September 21, 2022 04:48 PM (mR6Gs)

360
Didn't they put those in suitcases, like 30 years ago?
Posted by: Methos at September 21, 2022 04:47 PM (kOpft)

___________

"The Soviet microchip! The largest microchip in the world!"

Posted by: Hadrian the Seventh at September 21, 2022 04:48 PM (1Nxff)

361 By 2030 we will be living like the Flintstones

Dibs on Betty.

Posted by: Maj. Healey at September 21, 2022 04:48 PM (ZCool)

362 So the bottom falling out will be ameliorated by the bottom falling out?
---
Andrew Gillum gets upset when the bottom falls out.

Posted by: Axeman at September 21, 2022 04:48 PM (krQz2)

363 Ron or Rand ?
Posted by: It's me donna



I think Rand is a more "rational" voice than his dad, I like what he has to say. I dont think though he could ever win the Presidency, but I'm glad he's a Senator. At least he's willing to tackle issues that scare other GOP politicians.

He's sort of like a Barry Goldwater.

Posted by: Blago at September 21, 2022 04:48 PM (PwNLq)

364 Monty-like doom echos in the thread

Posted by: Zeera. 'Nobody Cares, Drink Harder' at September 21, 2022 04:48 PM (Oak/b)

365 How else can you slow inflation without raising the rates besides stopping the money printing? And that SS increases are connected to the inflation rate is going to be a killer.

Posted by: polynikes at September 21, 2022 04:48 PM (1XoKP)

366 336 China is about 10 years behind Russia on demographics. Gonna make for a wild decade.

By 2030 we will be living like the Flintstones
Posted by: Big Fat Meanie



You will own nothing, eat bugs, and live in pods.

Posted by: Klaus Schwab's creepy smile at September 21, 2022 04:48 PM (3FiQa)

367 Also, the 'Russian Reserve' force is a paper tiger too. UnderstandingWar.org has a primer on how the reserve system works:

Posted by: GnuBreed at September 21, 2022 04:44 PM (JOtiF)
---
Understandingwar.org is run by Victoria Nuland's husband. It's job is to promote war against Russia. I used to follow the site until I realized that it's entire purpose was to get US boots on the ground in Syria and Russia.

Posted by: Ace-Endorsed Author A.H. Lloyd at September 21, 2022 04:49 PM (llXky)

368 Probably about the same number of Reservists I did Admin discharges on when they were activated and refused to deploy for desert Storm. There were a bunch.

Coincidentally, a new Russian law just went into effect sharply increasing the penalties for things like desertion and refusing induction.

Posted by: The Biden Administration! at September 21, 2022 04:49 PM (I2/tG)

369 It's almost time to wag the dog.

Posted by: Biden at September 21, 2022 04:49 PM (zf3Ob)

370 334 If the rumors of possible nuke strikes aren't just pistol, why wouldn't Russia first use their version of our MOAB instead of tactical nukes? From what I recall it's 2x as powerful.

To send a signal. Russia has specialized in building tiny nukes (less than a kiloton), specifically to send a signal without doing a lot of damage.


Still is some localized radiation

Posted by: Ferd Berfall at September 21, 2022 04:49 PM (eRS2I)

371 On the bright side, such as it is, my SS COLA looks to be north of 10% for next year.

Posted by: G'rump928(c) at September 21, 2022 04:49 PM (yQpMk)

372
Inflation is good!

Posted by: Michelin Man at September 21, 2022 04:49 PM (WmGrA)

373 The neat part about 9/24 is when it comes true, and people wonder why the guy misspoke that specific date.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:49 PM (Wndnv)

374 People thinking about starting up a business face the same choice, but with an even tougher bite: Starting up a business is always tough. Many businesses do not turn profitable for the first couple of years, and many business owners do not pay themselves a salary during this period. They live on borrowed money.

---------

Not to mention that any tin-pot dictator of your city, county, state, or nation can issue diktats on a whim that require millions of small businesses to close and go bankrupt in the name of "emergency"and "crisis" so that the big stores and the 800-ton online gorilla can pad their bottom lines and corporate bonuses.

Why would anybody start a small business in that America?

Posted by: ShainS -- Go Galt or Go Rome at September 21, 2022 04:50 PM (VuxCM)

375 The French Revolution was on to something...the way they handled the elite at least.

Posted by: Seems Legit at September 21, 2022 04:50 PM (Lv84X)

376 "The Soviet microchip! The largest microchip in the world!"

Aka an abacus.

Posted by: Archimedes at September 21, 2022 04:50 PM (ayzS/)

377 People who have low interest mortgages are not going to be selling.

That is going to drive inventory down, which will drive prices up. With higher interest rates. So demand will go down.



Posted by: blaster at September 21, 2022 04:40 PM


We were looking at selling an moving back to Kentucky next spring, ain't gonna happen now. No way I am going to abandon a 3% mortgage that is over half paid off for an inflated price house at 6.25% or more.


We are going to stay here until everything settles out.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:50 PM (bVYXr)

378
Mad Joe says the play he will make is destroying Putin's already destroyed Black Sea Fleet. Or destroying Putin's airbases and warplanes in Crimea that the Ukrainians have been hitting hard with missiles and saboteurs. I'll bet Putin is scared, really scared. Remind me whose side Joe is on and whose side he is supposed to be on.
Posted by: Gref


If the gringos invade Cuba because they claim we sank the Maine, we'll vigorously respond... by sinking the Maine!

Pinche chingadera...

Posted by: Spain, circa 1898 at September 21, 2022 04:50 PM (n+4am)

379 Gotta say that I'm not erotically attracted to "big Juicy booty" on woman-or men, either, for that matter, but if I were, the pictures of A O-C dancing around does not show much of her booty.. They're usually from the waist up or she looks like she's saluting the earth like a Hindu or Muslim but you still can't see anything.

AOC doesn't have huge tits or a big juicy booty.
But she is petite, so those particular assets stand out more.

Posted by: JoeF. at September 21, 2022 04:50 PM (mR6Gs)

380
Here is what the Fed has done starting in '08:

https://tinyurl.com/y2cd5b6w

Looking at that chart, you say, "Weeee, Weimar here we come!" This is M0, monetary base.

Note, they are shrinking the base pretty good in relative terms now. Note that vertical jump in 2020. That was the Coof. Shutting the economy down required the Fed to print like a maniac, and that's was the final push that pushed us into this inflationary conflagration.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:50 PM (Mzdiz)

381
Coincidentally, a new Russian law just went into effect sharply increasing the penalties for things like desertion and refusing induction.

__________

Making shtrafbats great again.

Posted by: Hadrian the Seventh at September 21, 2022 04:50 PM (1Nxff)

382 365 How else can you slow inflation without raising the rates besides stopping the money printing? And that SS increases are connected to the inflation rate is going to be a killer.
Posted by: polynikes at September 21, 2022 04:48 PM (1XoKP)

It's why they released all the strategic reserves to bring down gas prices. SS is not linked to CPI, but to the CPI-W, which weights gas/energy much more strongly.

Why, when most old people don't drive - who knows...yes, you do...

Posted by: Nova local at September 21, 2022 04:50 PM (exHjb)

383 Do NOT trust content from the Institute for the Study of War.

It is a pure propaganda outfit. I've actually spoken with them in a professional capacity and their gig is to hype RUSSIA all the time and also try to get us back in Iraq.

Posted by: Ace-Endorsed Author A.H. Lloyd at September 21, 2022 04:50 PM (llXky)

384 375 The French Revolution was on to something...the way they handled the elite at least.
Posted by: Seems Legit at September 21, 2022 04:50 PM (Lv84X)

=========

Fiat money, wars on neighbors, blood in the streets, killing all of the early revolutionary leaders, a power vacuum filled by a foreign emperor?

Sounds like an interesting decade.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:51 PM (LvTSG)

385 Monty-like doom echos in the thread

All is well!!!

Posted by: That guy who always says... at September 21, 2022 04:51 PM (Xrfse)

386 Apropos..... why doe Supreme Court get a summer break?? Are they in a union? We all have to work 24/7 /365, why can't they?

Posted by: runner at September 21, 2022 04:51 PM (T+IcW)

387 On the bright side, such as it is, my SS COLA looks to be north of 10% for next year.
Posted by: G'rump928(c)

Feds are already sending up trial balloon of 8.6% COLAs, which they will lock in before the final quarter.

Posted by: Joe Mama at September 21, 2022 04:51 PM (WmGrA)

388 For me, things are really going great, but that's only because a week ago I thought I was gonna die from the covid...
That's the story of my life I suppose.
They tried to kill me. I lived!

Posted by: gourmand du jour, w new lease on life at September 21, 2022 04:51 PM (jTmQV)

389 What IS certain is that whatever nastiness Putin sets off, the media will attempt to tie it to Trump----and us.

Posted by: JoeF. at September 21, 2022 04:51 PM (mR6Gs)

390 Could someone explain the whole 9/24 deal?
Posted by: Seems Legit at September 21, 2022 04:32 PM (Lv84X)


I think it has something to do with German natural gas stocks or the end of some sort of purchasing agreement.

Posted by: Kindltot at September 21, 2022 04:52 PM (xhaym)

391 372
Inflation is good!
Posted by: Michelin Man at September 21, 2022 04:49 PM (WmGrA)

-----

Well, I laughed.

Posted by: Seems Legit at September 21, 2022 04:52 PM (Lv84X)

392 "when the Fed makes money, they pay a dividend to??? Their stock holders, which are other Banks." romeo

they get some expenses money, most goes back to the government. (The Fed Reserve is the government)

publius knows this stuff better than I do, but we discussed this previously.

Posted by: illiniwek at September 21, 2022 04:52 PM (Cus5s)

393 Biden would be in trouble if he told you.

Posted by: Axeman at September 21, 2022 04:46 PM (krQz2)

++++
How many times have we heard that one? They are the most absurd and strangest remarks I have ever witnessed. No one seems to ask, or care.

Posted by: washrivergal at September 21, 2022 04:52 PM (JxDRp)

394 It's almost time to wag the dog.
Posted by: Biden at September 21, 2022 04:49 PM (zf3Ob)
------------

Listen, you senile old pervert. You already broke a leg "chasing" me. What do you think is going to happen when you try to wag my tail?

Posted by: Biden's Dog at September 21, 2022 04:52 PM (0oyLo)

395 The monetary overhang inflation would have happened under Trump as well, but not the cost push inflation, or at least not to nearly the same extent.

Posted by: Ted Torgerson at September 21, 2022 04:52 PM (vN+oL)

396 376 "The Soviet microchip! The largest microchip in the world!"

Aka an abacus.
Posted by: Archimedes at September 21, 2022 04:50 PM (ayzS/)

I'm pretty sure it was a pirated TI Scientific calculator duck-taped to the inside of the lid of the suitcase.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:53 PM (MkuC5)

397 The French Revolution was on to something...the way they handled the elite at least.

https://www.youtube.com/watch?v=L9VoRmjxvPs

Posted by: The ARC of History! at September 21, 2022 04:53 PM (I2/tG)

398 Do NOT trust content from the Institute for the Study of War.

It is a pure propaganda outfit. I've actually spoken with them in a professional capacity and their gig is to hype RUSSIA all the time and also try to get us back in Iraq.


====

True dat. Kristol and Kagan are behind that one. Pure neo propaganda outfit.

Posted by: runner at September 21, 2022 04:53 PM (T+IcW)

399 Understandingwar.org is run by Victoria Nuland's husband. It's job is to promote war against Russia. I used to follow the site until I realized that it's entire purpose was to get US boots on the ground in Syria and Russia.

Posted by: Ace-Endorsed Author A.H. Lloyd at September 21, 2022 04:49 PM (llXky)


Thanks for that heads up. I did not know that. I'll still read their daily updates, but with a jaundiced eye. I do supplement with other sources.

Posted by: GnuBreed at September 21, 2022 04:53 PM (JOtiF)

400 Fiat money, wars on neighbors, blood in the streets, killing all of the early revolutionary leaders, a power vacuum filled by a foreign emperor?

Sounds like an interesting decade.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:51 PM (LvTSG)

-------

Heh, some of those are already happening. Wait, all of those are happening if you understand China is running Joe.

Posted by: Seems Legit at September 21, 2022 04:53 PM (Lv84X)

401 The sun will come up tomorrow! Tomorrow's just another day!

Posted by: That guy who always sings... at September 21, 2022 04:53 PM (Xrfse)

402 Betty would like to talk to you about some of those extra MRE's you've been hording.

https://tinyurl.com/mr39hxx2

Posted by: Maj. Healey at September 21, 2022 04:53 PM (ZCool)

403 "Cut government spending, just not mine."
-The Tea Party, pretty much

Posted by: TheJamesMadison

-------------------------
Same thing with taxes. Theoretically, we could forestall fiscal collapse by simply being realistic with our taxes which would require something like the British rates post WWII and that would also quell inflation by simply removing the ability to buy goods. But, inevitably, it would simply end up with more spending and borrowing rather than using the revenue to balance a budget.

Inflating away the debt which in the long run is worse for the economy than default is what the pols are likely to do unless you get a Pinochet enforcing Chicago School economics on the population.

Posted by: whig at September 21, 2022 04:53 PM (CXr4y)

404 Inflation is good!
Posted by: Michelin Man at September 21, 2022 04:49 PM (WmGrA)



What he said.

Posted by: Otto Pilot at September 21, 2022 04:54 PM (yQpMk)

405 375 The French Revolution was on to something...the way they handled the elite at least.
Posted by: Seems Legit at September 21, 2022 04:50 PM (Lv84X)

=========

Fiat money, wars on neighbors, blood in the streets, killing all of the early revolutionary leaders, a power vacuum filled by a foreign emperor?

Sounds like an interesting decade.


when leftists run a revolution

and then it takes a strongman to sort out the mess

Posted by: brak at September 21, 2022 04:54 PM (j5Tg0)

406 On the bright side, such as it is, my SS COLA looks to be north of 10% for next year.
Posted by: G'rump928(c)

Feds are already sending up trial balloon of 8.6% COLAs, which they will lock in before the final quarter.

Posted by: Joe Mama at September 21, 2022 04:51 PM


Yea! We get back half of what we lost from the last year as core food prices are all over 15% inflated and rising from last year.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 04:54 PM (bVYXr)

407 375 The French Revolution was on to something...the way they handled the elite at least.
Posted by: Seems Legit



Uh, there were a few setbacks.

Posted by: headless Maximillian Robespierre at September 21, 2022 04:54 PM (3FiQa)

408 Biden could tell you who's running the White House, but then...

his ice cream would take a serious hit.

Posted by: Axeman at September 21, 2022 04:54 PM (krQz2)

409 How many times have we heard that one? They are the most absurd and strangest remarks I have ever witnessed. No one seems to ask, or care.
Posted by: washrivergal at September 21, 2022 04:52 PM (JxDRp)

If the media actually started asking questions??
Did you see what that Brit historian did to Lemon the other night when he asked a question?

That's why they never ask questions.

Posted by: JoeF. at September 21, 2022 04:54 PM (mR6Gs)

410 The French Revolution was on to something...the way they handled the elite at least.
Posted by: Seems Legit
---
No. Just no.

Posted by: Axeman at September 21, 2022 04:54 PM (krQz2)

411 400 Fiat money, wars on neighbors, blood in the streets, killing all of the early revolutionary leaders, a power vacuum filled by a foreign emperor?

Sounds like an interesting decade.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:51 PM (LvTSG)

You forgot hacking up kids for fun and profit.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:54 PM (MkuC5)

412 I'm pretty sure it was a pirated TI Scientific calculator duck-taped to the inside of the lid of the suitcase.
Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:53 PM (MkuC5)

Da! Tverskaya Instrumentiy! Werry good for the calculating, Comrade!

Posted by: Warai-otoko at September 21, 2022 04:54 PM (6FeV1)

413 To send a signal. Russia has specialized in building tiny nukes (less than a kiloton), specifically to send a signal without doing a lot of damage.


Still is some localized radiation
Posted by: Ferd Berfall at September 21, 2022 04:49 PM (eRS2I)

3.6 Roentgen. Not great. Not terrible.

Posted by: Anatoly Dyatlov at September 21, 2022 04:54 PM (4I/2K)

414
Yes, the Federal Reserve profits, less their operating expenses all go back to the US Treasury. The modern "seignorage" in fiat currecy system is the profit from printing money. Not sovereign govt in it's right mind would give that up.

That's the way the Fed was set up.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:55 PM (Mzdiz)

415 Uh, there were a few setbacks.

Posted by: headless Maximillian Robespierre at September 21, 2022 04:54 PM (3FiQa)
---
A lot of people just lost their heads.

Posted by: Axeman at September 21, 2022 04:55 PM (krQz2)

416 posted by: JoeF. at September 21, 2022 04:50 PM (mR6Gs)

I actually generally try to avoid any appearances of A O-C. I watched this one because I wasn't sure what the video had to do with the article.

I think there should be a video of politicians dressed as pirate and pirate girls and have them dancing with big bags of Booty labelled as "political corruption" "graft and greed. They could use the same song though. However, I am unable to make up these sort of dancing computer graphic things.

Posted by: FenelonSpoke at September 21, 2022 04:55 PM (vH/6k)

417 with ongoing rollercoaster-like market volatility, underscore the unease of investors amid the magnified economic and market uncertainties driven by high inflation, corporate earnings warnings, geopolitical concerns... good time for an election.

Posted by: Pudinhead at September 21, 2022 04:55 PM (g/54t)

418 I'll always have admiration for Napoleon because of his rejection of fiat money.

It was painful, but worthwhile in the long term. He somehow managed to fund foreign adventurism with currency based on gold.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:55 PM (LvTSG)

419 410 The French Revolution was on to something...the way they handled the elite at least.
Posted by: Seems Legit
---
No. Just no.
Posted by: Axeman at September 21, 2022 04:54 PM (krQz2)

Yeah, the guillotines were fun, until the psychopaths turned them on the general populace.

Posted by: Warai-otoko at September 21, 2022 04:55 PM (6FeV1)

420 The only thing that can save us is another war. Always the Lefts go-to plan.

Posted by: Regular joe at September 21, 2022 04:56 PM (nnp+f)

421 Thanks for that heads up. I did not know that. I'll still read their daily updates, but with a jaundiced eye. I do supplement with other sources.

Posted by: GnuBreed at September 21, 2022 04:53 PM (JOtiF)
----
I've been reading them for a long time, even built a wargame using their schematics. I reached out to them to discuss potential collaboration and I quickly realized that "accurate simulation/prediction" was not something they were interested in.

They are a typical DC lobbying outfit with regular turnover and when I last followed them circa 2016, I was surprised by how much of their staff was young, female post-grads. You know, *exactly* the profile of people interested in the finer points of conflicts and strategy.

Posted by: Ace-Endorsed Author A.H. Lloyd at September 21, 2022 04:56 PM (llXky)

422 People who have low interest mortgages are not going to be selling. That is going to drive inventory down, which will drive prices up. With higher interest rates. So demand will go down.

Perhaps, but that will be offset by people who MUST move, and by people who can't make ends meet after buying mortgages they couldn't afford, and then losing their jobs. Posted by: Archimedes

The Carter years replaced my youthful optimism with a dead fish understanding that I am at the whim of economic forces I have zero control over. Since then, I have structured the essential parts of my life, like shelter, transportation, and food so I can dial back the cash flow and still live a comfortable life. This approach is saving my ass right now. I am pretty sure I could get by on 24K per year or a bit less and still own my rather lovely house without breaking a sweat if it comes to that. Having lived with Grandparents that lived through the Great Depression just may have colored by thoughts here a bit too and unintentionally prepared me for the FJB Regime.

Posted by: Lost In Space at September 21, 2022 04:56 PM (/qNGG)

423 It was painful, but worthwhile in the long term. He somehow managed to fund foreign adventurism with currency based on gold.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:55 PM (LvTSG)



and plunder.

Posted by: G'rump928(c) at September 21, 2022 04:57 PM (yQpMk)

424 423 and plunder.
Posted by: G'rump928(c) at September 21, 2022 04:57 PM (yQpMk)

========

Plunder does help.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:57 PM (LvTSG)

425 Thousands of conscription-age Russian men appeared to be attempting to flee the country Wednesday as others planned how to avoid being sent to the front after President Vladimir Putin declared a partial military mobilization for the war in Ukraine.

“I don't want to be cannon fodder,” one 30-year-old Muscovite who asked for anonymity to speak freely told The Moscow Times.

The most obvious way for men to avoid conscription is to leave the country and Wednesday’s direct flights from Russia to Armenia, Turkey and Azerbaijan — nearby countries that allow Russians to enter without a visa — quickly sold out.

Prices for one-way flights to popular destinations later rose at least eightfold, with tickets from the Russian capital to Yerevan on Thursday being sold for about 160,000 rubles ($2,621) and from Moscow to Dubai priced at 170,000 rubles ($2,784).

Posted by: The ARC of History! at September 21, 2022 04:57 PM (I2/tG)

426
The Fed does pay a very small "dividend" to the member banks, which has actually been reduced.

Member banks must "buy stock" the Fed Reserve, in a mount proportional to their capital size, via some formula. And they were "at the discretion" of the Fed to be paid a dividend on that. It's very small, and is even smaller now.

This "stock purchase" is just money pulled out of the system to act as a buffer against any losses on the Fed's balance sheet (never happened. Yet). That is the Fed could "lose some money" and to make it up for it, it gets pulled out of the member banks capital. But only a small fraction of a loss could be handled that way.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:57 PM (Mzdiz)

427 Russia uses nukes in Ukraine?

If Brandon decides to get tough before the election for political reasons? Let's think this out.

Political response to Tapioca Joe's tough guy status? 24-72 hours.

Flight time of a Russian ICBM? 30-35 minutes.

Look at this way, after the EMP Strike, there will be NO Voting Machines. Not that anyone will really care.

Posted by: rd at September 21, 2022 04:57 PM (Z32m1)

428 423 It was painful, but worthwhile in the long term. He somehow managed to fund foreign adventurism with currency based on gold.
Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:55 PM (LvTSG)


and plunder.
Posted by: G'rump928(c) at September 21, 2022 04:57 PM (yQpMk)


But mostly plunder.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 04:57 PM (MkuC5)

429 SPR must be getting closer to the E and then we'll see those longed for $10/gal prices.

Even if the GOPe gets control, I don't see the courage to shut down the government happening, especially with BigK and Mitch back in the pilot seats.

So, how is it any leverage that we can bend Joey to some realistic action? Never happen. Two years out, we'll be deader than a door nail in no time. Yay.

Posted by: micky at September 21, 2022 04:58 PM (3byMq)

430 Same thing with taxes. Theoretically, we could forestall fiscal collapse by simply being realistic with our taxes which would require something like the British rates post WWII and that would also quell inflation by simply removing the ability to buy goods. But, inevitably, it would simply end up with more spending and borrowing rather than using the revenue to balance a budget.

___

The numbers I've seen, even if you say had a 90% tax rate on the "rich" it wouldn't come anywhere close to balancing the books.

The other problem with raising taxes is, the government will just spend the new dollars and take us right back to where we were.

Posted by: Blago at September 21, 2022 04:58 PM (PwNLq)

431 Hey, buddy! I don't work for you for $8,000 checks!

Posted by: joey biden at September 21, 2022 04:59 PM (yikp0)

432 Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:55 PM (LvTSG)

Allowed us to buy the Louisiana territory.

Posted by: polynikes at September 21, 2022 04:59 PM (1XoKP)

433 Don't even ask me what the hell LIBOR is. I don't think anyone actually knows.

Posted by: Warai-otoko at September 21, 2022 04:59 PM (6FeV1)

434 SPR must be getting closer to the E and then we'll see those longed for $10/gal prices.


*

It's going to happen immediately after mid terms. The White House announced it.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 04:59 PM (Wndnv)

435 Look at this way, after the EMP Strike, there will be NO Voting Machines. Not that anyone will really care.
Posted by: rd at September 21, 2022 04:57 PM (Z32m1)

If I have to miss the F1 race on Sunday because some marble-mouthed jackass detonates an EMP I am gonna lose it.

Posted by: CZ=FNG, Free Republic of Florida at September 21, 2022 05:00 PM (MkuC5)

436
A lot of people just lost their heads.
Posted by: Axeman at September 21, 2022 04:55 PM (krQz2)

-----

That was my point.

Posted by: Seems Legit at September 21, 2022 05:00 PM (Lv84X)

437 I tell you what, pal! Big man, Putin! And I want you to hear me!

You use nukes over in Ukraine and we'll send a 100 million American soldiers to meet them!

Posted by: President Charlie Foxtrot at September 21, 2022 05:00 PM (krQz2)

438
Looking at the latest DTS (Daily Treasury Statement) the Fed has paid $106B in profit to the Treasury over the last fiscal year.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 05:00 PM (Mzdiz)

439 PS - Just saw the sidebar of Youngkin campaigning for Lake - wow, there does seem to be a new wave growing together who is blowing off the old conservative power sources...

Posted by: Nova local at September 21, 2022 05:00 PM (exHjb)

440 Hey parents, remember when you wanted to be able to leave your children a million dollars? You probably will be able to.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 05:00 PM (Wndnv)

441 Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 04:57 PM (Mzdiz)

+++
Congratulations on your recent marriage to Miley. I am just thrilled for both of you and wish you the very best.

Posted by: washrivergal at September 21, 2022 05:01 PM (JxDRp)

442 Please deposit $31,000 for the next three minutes.

Posted by: Just the Punchline at September 21, 2022 05:02 PM (yQpMk)

443 London Inter Bank Overnight Rate?

Posted by: Chatterbox Mouse at September 21, 2022 05:02 PM (C1rbv)

444 Congratulations on your recent marriage to Miley. I am just thrilled for both of you and wish you the very best.

Ditto!!

Posted by: jewells45 at September 21, 2022 05:02 PM (nxdel)

445 The numbers I've seen, even if you say had a 90% tax rate on the "rich" it wouldn't come anywhere close to balancing the books.

The other problem with raising taxes is, the government will just spend the new dollars and take us right back to where we were.

Posted by: Blago
-----------------
Requires both high income taxes and consumption taxes like VAT etc. Pretty effective at curbing inflation simply because you put goods other than essentials beyond the power of most people to buy them. The Tories used that to curb consumption of the British until the late 60's while Labor tried to soldier on rationing at first but later with wage price controls which by the 70's, the Tories adopted too under Heath.

Spending though is always a problem under ANY government instituted by man.

Posted by: whig at September 21, 2022 05:02 PM (CXr4y)

446 "You use nukes over in Ukraine and we'll send a 100 million American soldiers to meet them!"

Couldn't we just send Corn Pop? I hear he's a "real bad dude", or some such.

Posted by: Somewhere South of I-80 at September 21, 2022 05:02 PM (1DgE4)

447 Hey parents, remember when you wanted to be able to leave your children a million dollars? You probably will be able to.

Posted by: Moron Robbie - don't ask me to accept what you are when you refused to accept what you are at September 21, 2022 05:00 PM (Wndnv)
---
That will be the single best trip to the grocery store of their short lives!

Posted by: President Charlie Foxtrot at September 21, 2022 05:02 PM (krQz2)

448 London Inter Bank Overnight Rate?
Posted by: Chatterbox Mouse at September 21, 2022 05:02 PM (C1rbv)

Twenty pounds, same as in the City.

Posted by: Warai-otoko at September 21, 2022 05:02 PM (6FeV1)

449
The Fed's "profits" are taking a big bite, too I see. Over the last month, they've only deposited $777M in profit to the treasury. Federal fiscal year ends Sept 30.

So $106B over a year, and now tailing to less than a billion over the last month.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 05:03 PM (Mzdiz)

450 NOOD: what color is a green she-hulk?

Posted by: bear with asymmetrical balls at September 21, 2022 05:03 PM (ppBhU)

451 "That is the Fed could "lose some money" and to make it up for it, it gets pulled out of the member banks capital. But only a small fraction of a loss could be handled that way." Posted by: publius

How does it work when it is QE "money", in the trillions? It doesn't earn real interest. BUT they can use it to buy bonds (even corporate) and probably stocks. But is is not real money, so if the zombie company bonds go to zero, no big deal? (they bought a lot of those during pandemic, as I understand it)

Posted by: illiniwek at September 21, 2022 05:03 PM (Cus5s)

452 >> Congratulations on your recent marriage to Miley.

Thank you all.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 05:03 PM (Mzdiz)

453 440 Hey parents, remember when you wanted to be able to leave your children a million dollars? You probably will be able to.

Posted by: Moron Robbie
----------------
A friend of mine from Turkey made me a Turkish millionaire by giving me a 1 million lira note back in the day worth about $3 bucks and change if I remember. That is how I made my first million.

Posted by: whig at September 21, 2022 05:03 PM (CXr4y)

454 @422

>> So demand will go down.

Ah but we are going to have an additional 12 million illegals by '24, so demand for housing of all types is going to skyrocket.

We are being crushed for all sides.

Some very bad things are going to start happening very, very soon.

Posted by: Thomas Bender at September 21, 2022 05:05 PM (Xm7Q9)

455 Hey parents, remember when you wanted to be able to leave your children a million dollars? You probably will be able to.

Portland and the surrounding metro recently passed a number of taxes only on "the rich" - you're only taxed on your income over $150,000.

It's amazing how many rich people there are going to be in Portland!

Posted by: The ARC of History! at September 21, 2022 05:05 PM (I2/tG)

456 Thousands of conscription-age Russian men appeared to be attempting to flee the country Wednesday as others planned how to avoid being sent to the front after President Vladimir Putin declared a partial military mobilization for the war in Ukraine.

“I don't want to be cannon fodder,” one 30-year-old Muscovite who asked for anonymity to speak freely told The Moscow Times.

Next stop, Martha's Vineyard

Posted by: JoeF. at September 21, 2022 05:05 PM (mR6Gs)

457 London Inter Bank Overnight Rate?
Posted by: Chatterbox Mouse at September 21, 2022 05:02 PM (C1rbv)

Offered rate. Expressed in bob or quid, but not shillings or farthings or three/sixpence.

Posted by: Count de Monet at September 21, 2022 05:06 PM (4I/2K)

458 According to Fortune inflation is not a problem
FORTUNE
Why you should be happy about inflation and worried about something else, top economist Brad DeLong says

Posted by: anon2020 at September 21, 2022 05:06 PM (RqMDa)

459 I'll always have admiration for Napoleon because of his rejection of fiat money.

It was painful, but worthwhile in the long term. He somehow managed to fund foreign adventurism with currency based on gold.

Posted by: TheJamesMadison, navigating the destiny machine with Fritz Lang at September 21, 2022 04:55 PM


Psst. Napoleon plundered and raped every every Country or City State he came across.

Posted by: Mister Scott (Formerly GWS) at September 21, 2022 05:06 PM (bVYXr)

460 This Bumbling Idiot has us heading for a Deep Recession.

And what method has been used previously in history to rev up economies to bring back economic prosperity ???

Posted by: Ferd Berfall at September 21, 2022 05:07 PM (eRS2I)

461 I have been retired from the military for 16 years and have no eagerness to go back in........

Posted by: Ferd Berfall at September 21, 2022 05:08 PM (eRS2I)

462
A Fed "loss": when you're dealing with an entity that can create and destroy money at will, and base money at that, things just don't work normally, although they try to use the same balance sheet terminology. This is done on purpose to obfuscate, I think.

Think of the Fed as living in some "negative universe". Their liabilities are the currency. That's hard money, the hardest of all in the normal positive universe. The hardest asset.

The Fed's asset are the debt and shit they buy with the money they create. Fed creates a dollar. To do that, it "buys" some debt instrument, usually US Ts, for $1, current market value. Asset side goes up a dollar. But then that dollar it just created goes on the liability side.

Suppose something happens and the market value of that T note it just bought drops to 75 cents. The Fed has "lost" 25 cents. That dollar it just created is only backed by 75 cents.

This is all on paper, mind you.

Posted by: publius, Rascally Rapscallion (Mzdiz) at September 21, 2022 05:08 PM (Mzdiz)

463 Pro Obama stimulus articles have a lot of great hypocrisy quotes about how great government generated economic activity.

Posted by: Shiggz (cool ranch MAGA) at September 21, 2022 05:09 PM (XKC3y)

464
On the bright side, such as it is, my SS COLA looks to be north of 10% for next year.
Posted by: G'rump928(c)

Feds are already sending up trial balloon of 8.6% COLAs, which they will lock in before the final quarter.
Posted by: Joe Mama


8.6% is the diet COLA

Posted by: Bertram Cabot, Jr. at September 21, 2022 05:09 PM (63Dwl)

465 That is how I made my first million.
Posted by: whig at September 21, 2022 05:03 PM (CXr4y)

I have a postage stamp from Germany during the Republic, you know, the one where the value is like 1M deutsche marks or some such...so, yeah...Imma millionaire!

Posted by: Boswell at September 21, 2022 05:10 PM (+Cgut)

466 Governments make no money, they just steal it

Posted by: Skip's phone at September 21, 2022 05:12 PM (k8B25)

467 The problem with this whole situation is that Biden is rooting for low unemployment and a growing GDP, while the Fed needs to raise unemployment and lower GDP to kill inflation. Forget about a 'soft landing' - it's never happened, and the Fed can't engineer one.

Until Biden & Co get religion on basic economic theory, our government won't have the collective guts to do what needs to be done - and they're going to either forestall the inevitable downturn, or put us into a vicious cycle of ongoing inflation. Under no circumstances do we want the public to get 'used' to an environment of wildly increasing prices.

Posted by: Darrell Harris at September 21, 2022 05:13 PM (TtpVP)

468 Off topic, but Jeez Louise! I am so tired of toe fungus ads on this site. Does that say something about me that toe fungus targets me? I don't even have toe fungus. Never had. It's just plain gross. Anyone know how I can arrange for less toe fungus and more big hooters?

Posted by: Martin Tell at September 21, 2022 05:15 PM (omW/d)

469 461 I have been retired from the military for 16 years and have no eagerness to go back in........

Posted by: Ferd Berfall at September 21, 2022 05:08 PM (eRS2I)

My records burned up so I doubt they know I exist, not that they are interested in broken down old men.

Posted by: Javems at September 21, 2022 05:17 PM (AmoqO)

470 nood she hulk

Posted by: joey biden at September 21, 2022 05:19 PM (yikp0)

471 3.6 Roentgen. Not great. Not terrible.

Posted by: Anatoly Dyatlov at September 21, 2022 04:54 PM (4I/2K)

Guerilla nuke warfare = Monkey Roentgen

Posted by: Quilter's Irish Death at September 21, 2022 05:24 PM (OgrpQ)

472 Weird as it sounds, I don't blame Biden for this. This bullshit has been going on for decades now. I point to W. as the one who really stomped on the gas when he shouldn't have. But hey, we had to export democracy and have a billion dollar embassy in Iraq that's now fucking useless.

Following W. was TFG who couldn't spend fast enough to deliver equity and fairness good and hard to every American who he hated with the fury of a nova. But because the first black president must be a success even though he was a fucking moron, the Fed dropped rates through the floor and helped set the stage for cheap, endless money.

Then we had Trump who absolutely spent through to the moon in his limited time. So now we've had 20 years of profligate, endless spending, and bills upon bills that are simply added to the bottom line so that money is constantly spent every year. Combined with near-zero rates, the disaster was always coming. The only question was when.

Posted by: Mr. Fabulist at September 21, 2022 05:31 PM (oK/V2)

473 Then Biden was elected and the Republicans threw the Georgia senate elections to teach Trump a lesson, and anyone with two brain cells to rub together could put two and two together to see what was coming. Disaster time, it's here. Enjoy!

Posted by: Mr. Fabulist at September 21, 2022 05:31 PM (oK/V2)

474 468 Off topic, but Jeez Louise! I am so tired of toe fungus ads on this site.

Maybe, you know, you outta get a doctor to look at that.

Posted by: Inspector Kemp at September 21, 2022 05:45 PM (+DS2f)

475 Fed will keep raising rates until we are in a deep recession. I see a lot of pain coming the rest of this year and next. The word "capitulation " will be in vogue

Posted by: Lars Pilsen at September 21, 2022 06:49 PM (kJH1Z)

476 Oh, no, businesses can't borrow money at artificially low rates any more, what are we to do?

I don't know, save up and pay cash, maybe?

Endless cheap credit is what got us into this position, more of it won't get us out of it.

Posted by: Unknownsailor at September 21, 2022 07:45 PM (emYfK)

477 I have an SBA loan whose rate is obviously tied to this, so even though it was a very manageable rate when I bought my business, my payments have gone up each time this happens. It’s getting scary for me.

Posted by: Piper at September 21, 2022 08:23 PM (0GTCG)

478
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Posted by: Felicia Hood at September 22, 2022 04:18 AM (aBCST)

479
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COPY AND OPEN THIS SITE__________ https://salarybaar.com

Posted by: Alberta Clayton at September 22, 2022 12:33 PM (4VYMZ)

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John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat