Unexpectedly, Dow Drops Over 600 Unexpected Points After GDP Unexpectedly Flatlines to Unexpectedly Low 1.6%

Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.
The Dow Jones Industrial Average slid 611 points, or 1.6%, weighed down by steep declines in Caterpillar and IBM. The S&P 500 dropped 1.3%, and the Nasdaq Composite lost 1.7%.
U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said. Economists polled by Dow Jones forecast GDP growth would come in at 2.4%.

And inflation surged, too:

Along with the downbeat growth rate for the quarter, the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance. This raised concern over persistent inflation and put into question whether the Federal Reserve will be able to cut rates anytime soon.

This may sound bad to you, but don't worry, the Washington Post's "journalist" says this is "very solid" growth we should all be pleased by.

Note that "solid" growth is usually thought to be 3% or higher and "very solid" would be 3.5% or 4.0%.

But now 1.6% growth, which we all know is a snapshot of a falling line and we'll probably be at near-0% next quarter, is "very solid" because we have to all pull together and drag this evil rotten-brained husk of a rapist across the finish line again.

It increased by a negative amount
Posted by: Lemmiwinks

Posted by: Disinformation Expert Ace at 12:06 PM

Comments

(Jump to bottom of comments)

1 last

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:07 PM (GBKbO)

2 Prepare the "Republicans Pouncing and Seizing" macro.

Posted by: The MSM at April 25, 2024 12:07 PM (PiwSw)

3 Pump more federal tax dollars into the economy! Hire more federal employees!

Turn those machines back on!

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:08 PM (GBKbO)

4 Sponge!

Posted by: Our Country is Screwed at April 25, 2024 12:08 PM (N39Ws)

5 meh. Call me when it drops 6000.

Posted by: fd at April 25, 2024 12:09 PM (vFG9F)

6 If it were just gdp wouldn't necessarily be interpreted negatively since that could mean rate cuts, it's that plus the inflation.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:09 PM (eYoxG)

7 The fundamental problem??? Biden killing American energy production? Which cascades down to everywhere?

Posted by: tubal at April 25, 2024 12:09 PM (PCK5/)

8 Can you say stagflation?

Sure you can.

Posted by: JackStraw at April 25, 2024 12:09 PM (LkLld)

9 Insert Chip Diller character "All is well!" Clip from Animal House [Here].

Posted by: Beartooth at April 25, 2024 12:09 PM (XT+5H)

10 Is that "quantative easing" still going on?

Posted by: BignJames at April 25, 2024 12:10 PM (AwYPR)

11 Summarizing some earlier Stock Operator Pedantry for Ace: It's DJIA, not DOW. We use percentages now, not points.

Posted by: gp In The Center Of A Stool Boom at April 25, 2024 12:10 PM (MvF+J)

12 It increased by a negative amount

Posted by: Lemmiwinks at April 25, 2024 12:10 PM (cKlsY)

13 Quick!! Print more money!!!

Posted by: Joe Biden at April 25, 2024 12:10 PM (AD14M)

14 Hi Ace

Yikes!
I was sure that the Fed would support Biden's 4 more years by cutting the Fed rate. But I guess they have decided to Pause.

Posted by: sharon(willow's apprentice) at April 25, 2024 12:10 PM (t/2Uw)

15 Lot of funemployment and funflation!

Norms restored!

Posted by: Heavy Meta at April 25, 2024 12:10 PM (Ys9p5)

16 A 600 point drop is statistical noise for an over inflated dow. I would start getting concerned if it drops by 2,500 in a 24 hour period.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:10 PM (QNSds)

17 "Spending big on services and being choosy on goods."

Interesting. Note that they don't go into reasons.

Services are often inelastic. If you need to go to the doctor or have the furnace fixed or whatever, that *has* to happen. You will cut other things to achieve it. And what will you cut? Goods. You're not being "choosy" so much as you're being forced out.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:10 PM (HnUIn)

18 This may sound bad to you, but don't worry, the Washington Post's "journalist" says this is "steady" growth we should all be pleased by.

-
Nothing to see here, comrade. Move along!

Posted by: Anonosaurus Wrecks, I've Been Through the Desert On a Horse With No Shame at April 25, 2024 12:10 PM (FVME7)

19 FedGov spending is never moderating but skyrocketing under Biden. The spigot for pandemic has been shut down but redirected to hundreds of other losing causes with no end in sight. Nice try Heather.

Posted by: Cheri at April 25, 2024 12:11 PM (oiNtH)

20 That WP “reporter”… sigh. As much as we hate the media, it’s not nearly enough

Posted by: LinusVanPelt at April 25, 2024 12:11 PM (+r3lU)

21 We need Nr. MooMoo to interpret these data for us.

Posted by: Muldoon at April 25, 2024 12:11 PM (l4B/J)

22 "U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said. Economists polled by Dow Jones forecast GDP growth would come in at 2.4%."

Take out all of the federal government deficit spending and we are at negative growth and have been for some time.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:12 PM (QNSds)

23 A 600 point drop is statistical noise for an over inflated dow. I would start getting concerned if it drops by 2,500 in a 24 hour period.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:10 PM (QNSds)

What's the threshold where they shut down trading?

Posted by: BignJames at April 25, 2024 12:12 PM (AwYPR)

24 All is well! Return to your homes! ALL IS WELL!!!!!

Posted by: Biergood at April 25, 2024 12:12 PM (PwgSL)

25 The GDP is just an idea, man!

- The Sniffer-in-Chief

Posted by: Doof at April 25, 2024 12:12 PM (gtY/l)

26 Don't forget the New Rules: Every penny the DOW drops is a panic worthy impeachable offense proving the idiocy and incompetence of everyone in power. *

* (When you don't like who's in power)

Hey, i don't make the rules. Don't blame me.

Posted by: Warai-otoko at April 25, 2024 12:12 PM (GkFGh)

27 Economic stagnation isn't happening, and it's good that it's happening.

Posted by: Dr. T at April 25, 2024 12:13 PM (bhRsz)

28 22 Take out all of the federal government deficit spending and we are at negative growth and have been for some time.
Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:12 PM (QNSds)

=========

Almost like the feds are gaming the system by printing money in order to create positive headlines for political purposes.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:13 PM (GBKbO)

29 There was that tweet by Biden crowing about all the jobs created since he took office.

And the response:

Yeah, and most people have to work two of them to make ends meet.

Posted by: People's Hippo Voice at April 25, 2024 12:13 PM (yikga)

30 None of the media is worth the paper it's printed on or the pixels it occupies. They are all liars and one party shills. Any gossip is likely to contain more truth than what "journalists" spout off.

Posted by: Decaf at April 25, 2024 12:13 PM (unUNN)

31 By choosy does she mean choosing beans and rice and 1 ply toilet paper over steak so bills get paid?

Posted by: Piper at April 25, 2024 12:14 PM (ZdaMQ)

32 None of the media is worth the paper it's printed on or the pixels it occupies. They are all liars and one party shills. Any gossip is likely to contain more truth than what "journalists" spout off.

Are you suggesting Taylor Swift DIDN'T have Biden's baby?

Posted by: Archimedes at April 25, 2024 12:14 PM (CsUN+)

33 31 By choosy does she mean choosing beans and rice and 1 ply toilet paper over steak so bills get paid?
Posted by: Piper at April 25, 2024 12:14 PM (ZdaMQ)

Poor People food and motel TP…

Posted by: tubal at April 25, 2024 12:15 PM (PCK5/)

34 Being "choosy" = no longer being able to afford it. Never trust economic advice from somebody named Heather.

Posted by: Lady in Black at April 25, 2024 12:15 PM (mupln)

35 A 600 point drop is statistical noise for an over inflated dow. I would start getting concerned if it drops by 2,500 in a 24 hour period.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:10 PM (QNSds)

What's the threshold where they shut down trading?

Posted by: BignJames at April 25, 2024 12:12 PM

A bing search says a 20% drop will suspend trading for two hours.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:15 PM (QNSds)

36 [O/T -- Jeebus, as I predicted, Bongino is all over the Secret Service DIE hire story and ...]

I had no idea that the Agency is being run by DIE Director hire Kimberly A. Cheatle -- an F. Joe Mugabe flunky.

"Where have you gone Atomic Tranny DogBoy?
A nation turns its empty leash to you ... woo, hoo, hoo"

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:15 PM (/JOu+)

37 Those two quarters of negative growth. Wasn't that a recession? Why did no one call it that?

Posted by: Lex at April 25, 2024 12:16 PM (fMN7A)

38 Sooo... GDP growth is much less than the rate of inflation.... but they won't call it a recession, or depression.

We need some media to start ALLOWING the truth to get out..

Posted by: Romeo13 at April 25, 2024 12:16 PM (xaFKb)

39 I actually agree with this WP nitwit's read of the actual numbers, but not with her conclusion. The numbers as published do in fact show big services spending moderated by reduced goods spending (looks like cars are way down).

It also shows reduced government spending. It's that last part that seems completely wrong to me. How can gov't spending be down?? Shouldn't it be up?? I wonder if these numbers aren't all just pulled out of someone's asshole.

I suspect this is the beginning of the op to give the Fed cover to reduce rates to try to juice Joey Showers' chances in November.

Posted by: Elric Blade at April 25, 2024 12:16 PM (iFTx/)

40 Imagine making the claim that government spending is "moderating".

Posted by: spindrift at April 25, 2024 12:16 PM (OguvZ)

41 Decent chance they just declare a climate emergency and seize dictatorial power

Posted by: steevy at April 25, 2024 12:16 PM (FQmDC)

42 Meh, no biggie. Have I mentioned that my house is so big you can fucking see it from space?

Posted by: Mr Noo Noo at April 25, 2024 12:16 PM (2UnvF)

43 Saying that federal spending is 'moderating' after the pandemic surge is like saying flooding moderated on the Titanic once the bow went under.

Posted by: Citizen Cake at April 25, 2024 12:17 PM (CwhoI)

44 >>>I was sure that the Fed would support Biden's 4 more years by cutting the Fed rate. But I guess they have decided to Pause.

I bet they'll leak they're thinking about cutting rates anyway.

Posted by: ace at April 25, 2024 12:17 PM (KRtlO)

45 Anyone here know offhand how much we have pissed away on Ukraine?? Also, how much on illegals??

Posted by: tubal at April 25, 2024 12:17 PM (PCK5/)

46 Wait, Taylor Swift had Joe's baby? Or Hunters? I gotta know!

Because I thought Taylor Swift was too old to get Joe's attention.

But if this is true, it might explain why it looks like Swift has hit the wall hard in the last few months. Ever since she started dating that football player, her looks, such as she had, have gone downhill in a hurry. She used to be moderately cute, but now her face, ewww.

Posted by: SimoHayha at April 25, 2024 12:17 PM (N/k1H)

47 fortunately there is massive market growth room in commercial real estate and nothing is safer than municipal bonds.

Posted by: Kindltot at April 25, 2024 12:18 PM (D7oie)

48 Adding 1 Trillion in deficit spending every 100 days is "moderating spending." Yeah, that's the ticket.

Posted by: Storm of Ale at April 25, 2024 12:18 PM (i14/a)

49 Also, as far as that "spending big on services" claim goes, the government report says most of the increase there came from health care and insurance--you know, the sort of things that are necessities for most people.

Consumers were being "choosy" on goods because they couldn't choose not to be.

Posted by: Dr. T at April 25, 2024 12:18 PM (bhRsz)

50 U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said.
++++
Ouch. Double ouch when you consider something that economists resolutely - almost religiously - refuse to consider.

From the BEA:
Current-dollar GDP increased 4.8 percent at an annual rate, or $327.5 billion

So, unadjusted for inflation (the raw figure), we added $327.5 billion to GDP.

The US federal deficit spending from January through March was around $550 billion. The deficit *alone* for that period is smaller than the growth in GDP.

Every penny of that growth and then some was borrowed - and borrowed not by the economy at large, but by the feds alone. Absolutely none of this growth is real. If you subtract out the deficit - not all government spending, but just the deficit spending - GDP fell by nearly a quarter trillion dollars.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:18 PM (HnUIn)

51 If you want propaganda, go over to the Bureau of Labor Shititstics.

This supposedly non-partisan organization has over called employment so badly that it had to revise downward every initial report for 13 straight months.

Posted by: SMOD at April 25, 2024 12:18 PM (RHGPo)

52 "It's the fault of the extreme MAGA Republicans and Donald Trump. "

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:18 PM (IRhCl)

53 47 fortunately there is massive market growth room in commercial real estate and nothing is safer than municipal bonds.
Posted by: Kindltot at April 25, 2024 12:18 PM (D7oie)

I love me some humor in the morning!!

Posted by: tubal at April 25, 2024 12:18 PM (PCK5/)

54 37 Those two quarters of negative growth. Wasn't that a recession? Why did no one call it that?
Posted by: Lex at April 25, 2024 12:16 PM (fMN7A)

It's one of those things where everyone has decided to ignore it. We had a pretty clear recession in tech and office space, some of the effects of which are still rolling off, but that's why a lot of 2023 looked more like economic recovery from recession, albeit a weak bounceback.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:19 PM (eYoxG)

55 Currently there are 10 states that have a combined rate at or above 50%. Under Biden plan for his 2nd term, 36 states will have combined taxation at or above 50%.

Clearly, we need a Constitutional Amendment to cap combined taxation at 50%.

Posted by: SMOD at April 25, 2024 12:19 PM (RHGPo)

56 Look phat, the new Five Year Plan is going to be so awesome it will blow away all those tired old statistical-thingees. So, shut up and hand over your ballot to our neighborhood captains. We will vote it for you.

Posted by: The Junta, looking for some understanding at April 25, 2024 12:19 PM (e+E3X)

57 Remember, these governnment economic figures are also dishonestly favorable to whatever the actual reality is. If Trump were President right now with this same economy, the regime's GDP figures would be negative, news anchors would somberly by declaring a Recession, and impeachment proceedings would be commencing for Trump's criminal mismanagement of the economy.

Posted by: Buck Throckmorton at April 25, 2024 12:19 PM (d9Cw3)

58 Going to crash and burn sooner or later

Posted by: Skip at April 25, 2024 12:19 PM (mb6GH)

59 Sure, officer, I was doing 187mph. But I was moderating my speed. I hit 191 just a few minutes before that.

Posted by: spindrift at April 25, 2024 12:19 PM (OguvZ)

60 I was sure that the Fed would support Biden's 4 more years by cutting the Fed rate. But I guess they have decided to Pause.

I bet they'll leak they're thinking about cutting rates anyway.

Posted by: ace at April 25, 2024 12:17 PM

I was convinced that the fed would give biden 4 rate cuts this year to help him win in November, boy was I wrong.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:19 PM (QNSds)

61 Negative growth is what an Admiral Ackbar link induces.

Posted by: Muldoon at April 25, 2024 12:20 PM (l4B/J)

62 GDP, chocolate rations, whatever.

Posted by: Pious Agnostic at April 25, 2024 12:20 PM (BFEJQ)

63 Time for a Fed bond auction ?

Posted by: wth at April 25, 2024 12:20 PM (v0R5T)

64 "Spending big on services and being choosy on goods."

Interesting. Note that they don't go into reasons.

Services are often inelastic. If you need to go to the doctor or have the furnace fixed or whatever, that *has* to happen. You will cut other things to achieve it. And what will you cut? Goods. You're not being "choosy" so much as you're being forced out.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:10 PM (HnUIn)

Good news everyone! People are spending all they have, and more, just to stay alive and cannot improve their lot! This is just the way that I, and the rest of the global aristocracy, envision life for American peasants before we determine the optimal means for putting them down.

-- Journalist unaware that she isn't "actually" a member of the global aristocracy

Posted by: I used to have a different nic at April 25, 2024 12:20 PM (IUd0M)

65 Uh oh.. Bidenomics is on the ropes... Quick.. Get some more Trump indictments STAT !

Posted by: Joe at April 25, 2024 12:20 PM (Akjoo)

66 45 Anyone here know offhand how much we have pissed away on Ukraine?? Also, how much on illegals??
Posted by: tubal at April 25, 2024 12:17 PM (PCK5
These two investments will yield dividends for the next hundred years.
- uniparty crooks

Posted by: Eromero at April 25, 2024 12:21 PM (o2ZRX)

67 38 Sooo... GDP growth is much less than the rate of inflation.... but they won't call it a recession, or depression.

We need some media to start ALLOWING the truth to get out..
Posted by: Romeo13 at April 25, 2024 12:16 PM (xaFKb)

GDP as reported is already adjusted for inflation. Now given inflation is understated or gdp growth overstated, then that's true.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:21 PM (eYoxG)

68 I had no idea that the Agency is being run by DIE Director hire Kimberly A. Cheatle -- an F. Joe Mugabe flunky.

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:15 PM

And she reports to...Mayorkas.

Posted by: BignJames at April 25, 2024 12:21 PM (AwYPR)

69 >>>Currently there are 10 states that have a combined rate at or above 50%.

*tugs on collar uncomfortably*

Posted by: California at April 25, 2024 12:21 PM (CwhoI)

70 Unexpectantly...
Unexpectantly...
Unexpectantly...

Wait for a few weeks when they quietly sneak out the "revised" numbers.

Posted by: Diogenes at April 25, 2024 12:21 PM (W/lyH)

71 If Trump makes it to the White House again and unfucks what *biden has done to the economy, the media will spin it as "the recovery is much smaller, slower, etc. than expected."

Forgetting that in 3 short years *biden and his minions destroyed most American's wealth, the country's infrastructure and economy.

Posted by: Martini Farmer at April 25, 2024 12:21 PM (Q4IgG)

72
Those two quarters of negative growth. Wasn't that a recession? Why did no one call it that?
Posted by: Lex

The dictionary is a living document. Like the constitution.

Posted by: Bertram Cabot, Jr. at April 25, 2024 12:21 PM (63Dwl)

73 Only a society that feels wealthy can afford the ridiculous WEF, transmania, illegal immigration policies that the Dems have imposed over the last three years.
The only positive is that by ignoring their normal consituencies for the Hamas wing of the party and illegal immigrants, they have alienated the consituency that helped them cheat last time. They did not get their expected reward. Instead of reparations and defund the police, they got inflation and loss of imfluence.

Posted by: sharon(willow's apprentice) at April 25, 2024 12:21 PM (t/2Uw)

74 I bet they'll leak they're thinking about cutting rates anyway.
Posted by: ace at April 25, 2024 12:17 PM (KRtlO)

Probably. I doubt they'll actually cut them in the end, but they'll let the speculation circulate as long as possible to make the market bullish again and give the junta some good news to point to.

Posted by: Dr. T at April 25, 2024 12:21 PM (bhRsz)

75 Why does that last graph look like a dead-cat bounce?

Posted by: jim (in Kalifornia) at April 25, 2024 12:22 PM (ynpvh)

76 Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment

Posted by: SMOD at April 25, 2024 12:22 PM (RHGPo)

77 Federal gov't spending is moderating after the pandemic surge

Why do I read this as, "Federal gov't spending on citizens is being cut as quickly as possible to free up money for importing more illegals and proxy wars overseas"?

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:22 PM (dZVON)

78 16 A 600 point drop is statistical noise for an over inflated dow. I would start getting concerned if it drops by 2,500 in a 24 hour period.
Posted by: Mister Scott
------
The stock market officially entered correction territory last week (aka losing ten percent off the peak this year) and this is putting a cherry on top of it.

While people have been partying on here--the Dow got pumped up a bit this year by expecting the Fed to start chopping interest rates. Since then, it has been quietly declining since about late February when the fed did not chop interest rates and signal cuts were coming. The Fed is concerned that inflation is persistently higher than target and thus are not likely to help the Biden junta this year unlike what the market expected.

Posted by: whig at April 25, 2024 12:22 PM (/AKWf)

79 Biden was misquoted. He didn't say "America is back." He said he'd knocked America on its back.

Posted by: Eeyore at April 25, 2024 12:22 PM (1bNHn)

80 I'm okay. People I know are okay.

Posted by: Nobel winner Paul Krugman at April 25, 2024 12:22 PM (VGOMa)

81 It increased by a negative amount
Posted by: Lemmiwinks

No, it advanced in reverse.

Posted by: jim (in Kalifornia) at April 25, 2024 12:22 PM (ynpvh)

82 the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance.

Yes, but think how good we'd be looking if arms shipments to the Ukraine were included in the GDP...

Posted by: t-bird at April 25, 2024 12:23 PM (ls1gy)

83 GDP as reported is already adjusted for inflation. Now given inflation is understated or gdp growth overstated, then that's true.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:21 PM

Inflation has been understated since the 1970s/80s when they started monkeying around with the formula. The "official" inflation numbers haven't been tethered to reality for over 50 years.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:23 PM (QNSds)

84 80 I'm okay. People I know are okay.

Posted by: Nobel winner Paul Krugman at April 25, 2024 12:22 PM (VGOMa)

Yo, PK! Barbeque of Haiti needs you personal advice; he needs you to visit him stat!

Posted by: jim (in Kalifornia) at April 25, 2024 12:23 PM (ynpvh)

85 If Trump makes it to the White House again and unfucks what *biden has done to the economy, the media will spin it as "the recovery is much smaller, slower, etc. than expected." ...
Posted by: Martini Farmer at April 25, 2024 12:21 PM (Q4IgG)
++++
He won't. Even if he makes it in, he won't.

This doesn't get solved without a balanced budget that stays balanced for a goodly while. Surpluses would be better, but we have to at least stop deficit spending for a while. That's up to Congress, and it won't happen. Too many pigs at the trough.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:23 PM (HnUIn)

86 Biden was misquoted. He didn't say "America is back." He said he'd knocked America on its back.
Posted by: Eeyore at April 25, 2024 12:22 PM (1bNHn)

That's a fact, Jack! Just like Ashley!

Posted by: Joe Biden at April 25, 2024 12:23 PM (bhRsz)

87
"Spending big on services and being choosy on goods."

Choosy mothers choose Jif.

Posted by: Bertram Cabot, Jr. at April 25, 2024 12:24 PM (63Dwl)

88 But Notable Prize Winner Krugtron the Invincible says it's all great.

Posted by: Eeyore at April 25, 2024 12:24 PM (1bNHn)

89 This can all be fixed by raising taxes on billionaires!!!

Posted by: Jay in PA at April 25, 2024 12:24 PM (i7Q7S)

90 I went to dinner last night at a fancy restaurant and everything looked fine to me!

Posted by: Don LeMon at April 25, 2024 12:25 PM (2UnvF)

91 Fedbov spending is moderating after pandemic surge = Refractory period.

Posted by: Muldoon at April 25, 2024 12:25 PM (l4B/J)

92 In all fairness, blue states are enacting legislation that will for sure destroy their economies.

Posted by: El Mariachi Attorney at Law at April 25, 2024 12:25 PM (nLFEI)

93 82" the report showed consumer prices increased at a 3.4% pace, well above the previous quarter's 1.8% advance."

Yes, but think how good we'd be looking if arms shipments to the Ukraine were included in the GDP...
Posted by: t-bird at April 25, 2024 12:23 PM (ls1gy)

They would be assuming they're made in the US.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:25 PM (eYoxG)

94 You can't afford groceries.
But they just sent $60 billion to Ukraine

You have maxed out your credit cards.
But they have sent $50 billion to terrorists in Iran.

You haven't gotten a raise in years.
But they tell you the economy is doing great.

You can't even think about a vacation.
But they're flying illegal aliens for free all over the country.

Your roads are falling apart.
But they are building a free seaport for the terrorists of Hamas.

You want to know what your kids are learning.
But they're pumping them full of hate and chemicals that sterilize.

You asked about a tax cut.
But they told you it's too expensive.

You want to vote for someone to fix it.
But they tell you he's a criminal and so are you.

When is it time for Americans to get help?

Posted by: People's Hippo Voice at April 25, 2024 12:25 PM (yikga)

95 It increased by a negative amount
Posted by: Lemmiwinks

brother, have you heard? gdp is growing!

Posted by: parsons at April 25, 2024 12:25 PM (v3pYe)

96 83 GDP as reported is already adjusted for inflation. Now given inflation is understated or gdp growth overstated, then that's true.

Posted by: Red Turban Someguy - The Republic is already dead! at April 25, 2024 12:21 PM

Inflation has been understated since the 1970s/80s when they started monkeying around with the formula. The "official" inflation numbers haven't been tethered to reality for over 50 years.

Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:23 PM (QNSds)

"Oh, steak is too expensive; lets substitute hamburger!"
and a whole host of other tricks.

Posted by: jim (in Kalifornia) at April 25, 2024 12:25 PM (ynpvh)

97 If you don't vote Biden then you ain't back.

Posted by: Bertram Cabot, Jr. at April 25, 2024 12:25 PM (63Dwl)

98 Smaller bars on the chart are good, right?

Posted by: fd at April 25, 2024 12:25 PM (vFG9F)

99 I bet heather wouldn't call shrinkage like that "solid growth" if it happened to her man.

Posted by: banana Dream at April 25, 2024 12:25 PM (Y6IkP)

100 -- Journalist unaware that she isn't "actually" a member of the global aristocracy
Posted by: I used to have a different nic

Journalist (or propagandists as I like to call them) at the elite media are now nepots and trust fund babies. It is a occupation with relatively high social status but well suited for the more stupid of the elite to be employed. All you have to do is follow the party line.

Posted by: whig at April 25, 2024 12:25 PM (/AKWf)

101 I guess we must all be finally paying our fair share of taxes.

Posted by: El Mariachi Attorney at Law at April 25, 2024 12:25 PM (nLFEI)

102 When Heather Long says the "economy is still very solid" HTF does this relate to people who can't afford gas, food, or rent?

Posted by: Seems Legit at April 25, 2024 12:26 PM (JeYYB)

103 Read Karl D. market ticker.
Everything DC does is wrong.

Posted by: DaveA at April 25, 2024 12:26 PM (PMJuY)

104 94
...

When is it time for Americans to get help?

Posted by: People's Hippo Voice at April 25, 2024 12:25 PM (yikga)

At some point, Americans will have to do it themselves, just like they always have.

Posted by: jim (in Kalifornia) at April 25, 2024 12:26 PM (ynpvh)

105 Those two quarters of negative growth. Wasn't that a recession? Why did no one call it that?
Posted by: Lex

The dictionary is a living document.
Posted by: Bertram Cabot, Jr.

Actually, it is. The language is constantly changing, so dictionaries require constant revision.

But yeah, I understand your point about TPTB purposely changing the definition of words ("vaccine," "recession") to suit their purposes. And that's something that real dictionaries should not be a party to.

Posted by: Bulgaroctonus at April 25, 2024 12:26 PM (9yWhg)

106 94 Your roads are falling apart.
But they are building a free seaport for the terrorists of Hamas.

i hear they broke ground on high-speed rail from la to vegas just the other day

Posted by: anachronda at April 25, 2024 12:26 PM (v3pYe)

107 Clearly, we need a Constitutional Amendment to cap combined taxation at 50%.
Posted by: SMOD

That would mean no-income tax states would be subsidizing income tax states, a subsidy like that one Trump eliminated.

Posted by: weft cut-loop at April 25, 2024 12:26 PM (IG4Id)

108 56 Look phat, the new Five Year Plan is going to be so awesome it will blow away all those tired old statistical-thingees. So, shut up and hand over your ballot to our neighborhood captains. We will vote it for you.
Posted by: The Junta, looking for some understanding at April 25, 2024 12:19 PM (e+E3X

And if that doesn't work, we'll make a "Great Leap Forward", just like Mao and all his Commie friends failed at.

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:26 PM (IRhCl)

109 "Oh, steak is too expensive; lets substitute hamburger!"
and a whole host of other tricks.
Posted by: jim
=======
Yep. They have steadily impoverished the middle and working classes in favor of themselves and their rent a vote poor welfare class.

Posted by: whig at April 25, 2024 12:27 PM (/AKWf)

110 Inflation has been understated since the 1970s/80s when they started monkeying around with the formula. The "official" inflation numbers haven't been tethered to reality for over 50 years.

Hey, what a coincidence! Our dollar has also been untethered from assets for over 50 years. What are the odds...

Posted by: t-bird at April 25, 2024 12:27 PM (ls1gy)

111 Economics is hard!

Posted by: Heather at April 25, 2024 12:27 PM (vtyCZ)

112 98 Smaller bars on the chart are good, right?

this is about the choco ration, isn't it?

Posted by: parsons at April 25, 2024 12:27 PM (v3pYe)

113 Marketing genius.

Single ply toilet paper: Get in youch with yourself.

Posted by: rickb223 at April 25, 2024 12:27 PM (Jxvt5)

114 When is it time for Americans to get help?

Posted by: People's Hippo Voice
---
I don't want "help" especially not for the fedgov definition of "help"

Just want to be left the fuck alone. But nobody can skim 10% off the top of that.

Posted by: screaming in digital at April 25, 2024 12:27 PM (wQXfi)

115 102 When Heather Long says the "economy is still very solid" HTF does this relate to people who can't afford gas, food, or rent?

Posted by: Seems Legit at April 25, 2024 12:26 PM (JeYYB)

Depends on the meaning of "economy", "is", "still", "very", and "solid"...

Posted by: jim (in Kalifornia) at April 25, 2024 12:27 PM (ynpvh)

116 Does anyone else feel that they don't take responsibility because they were so sure what they did would work?

Posted by: El Mariachi Attorney at Law at April 25, 2024 12:27 PM (nLFEI)

117 " Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment
Posted by: SMOD"

Oh no! Better give them another 48 hours to recover.

Posted by: fd at April 25, 2024 12:28 PM (vFG9F)

118 113 Marketing genius.

Single ply toilet paper: Get in youch with yourself.

Posted by: rickb223 at April 25, 2024 12:27 PM (Jxvt5)

If they add the splinters back, you'll use less.

Posted by: jim (in Kalifornia) at April 25, 2024 12:28 PM (ynpvh)

119 >>>This doesn't get solved without a balanced budget that stays balanced for a goodly while.

There's absolutely no political will in either party for the austerity budgets needed to get our debt under control. I think at this point they've decided to max out the credit cards and party until things go bust.

Posted by: Citizen Cake at April 25, 2024 12:28 PM (CwhoI)

120 44 >>>I was sure that the Fed would support Biden's 4 more years by cutting the Fed rate. But I guess they have decided to Pause.
+++

I bet they'll leak they're thinking about cutting rates anyway.

Posted by: ace at April 25, 2024 12:17 P

I worked so hard to slip in that clever(at least I thought it was clever) double entendre and no one got it.
Sigh

Posted by: sharon(willow's apprentice) at April 25, 2024 12:29 PM (t/2Uw)

121 Posted by: screaming in digital at April 25, 2024 12:27 PM (wQXfi)

Hey, SiD. Yesterday was Scream Day. Hope you had a good one -- a good day and a good scream.

Posted by: Bulgaroctonus at April 25, 2024 12:29 PM (9yWhg)

122 There's enough holes in the bucket now that the water is leaking out faster than they can pi55 in it.

Posted by: torabora at April 25, 2024 12:29 PM (DBd2Y)

123 And, of course, my stupid straddle on DIS stock locks it in at 113, the only price that hurts me the most.

LOL

Posted by: Deplorable Ian Galt at April 25, 2024 12:29 PM (3wEtP)

124 When Heather Long says the "economy is still very solid" HTF does this relate to people who can't afford gas, food, or rent?

Much like feces when someone is dehydrated is "very solid". That may be, but it's still shit.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:29 PM (dZVON)

125 119 There's absolutely no political will in either party for the austerity budgets needed to get our debt under control. I think at this point they've decided to max out the credit cards and party until things go bust.
Posted by: Citizen Cake at April 25, 2024 12:28 PM (CwhoI)

=======

"I'm all for cutting federal spending, as long as I still get mine."

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:29 PM (GBKbO)

126 " Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment
Posted by: SMOD"

I'm melting, I'm melting!! Oh my world....

Posted by: Student Protesters at April 25, 2024 12:30 PM (bhRsz)

127 Heather Long

Washington, D.C.
Editorial writer and columnist

Education: Wellesley College, BA in economics and English; Oxford University, master's in financial economics and medieval literature

Well . . . that explains it!

Posted by: Elric Blade at April 25, 2024 12:30 PM (iFTx/)

128 Be not afraid. There'll be plenty of cicadas to eat this year.

Posted by: Eeyore at April 25, 2024 12:30 PM (1bNHn)

129 106 94 Your roads are falling apart.
But they are building a free seaport for the terrorists of Hamas.

i hear they broke ground on high-speed rail from la to vegas just the other day

Posted by: anachronda at April 25, 2024 12:26 PM (v3pYe)

Boondoggle...again. Kali and it's desire to pay it's "benefactors" with all the money for these "trains to nowhere". Yo, Sacramento! How much money do I get if I "house" a few homeless guys? Some of those hotel owners were getting somewhere around $100k each...

Posted by: jim (in Kalifornia) at April 25, 2024 12:30 PM (ynpvh)

130
Yo, PK! Barbeque of Haiti needs you personal advice; he needs you to visit him stat!
Posted by: jim (in Kalifornia) at April 25, 2024 12:23 PM (ynpvh)

wowl this could be Paul Krugman's Friedman moment!

Posted by: Kindltot at April 25, 2024 12:30 PM (D7oie)

131 There is still time for Powell and company to do two or three quick rate cuts before November, to goose the markets just in time. But if Powell cares about his "legacy" maybe not, idk.

Someone (not sure if it was Team Biden or the Fed Reserve goofs) already promised rate cuts this year, even after they "paused" recently.

Posted by: illiniwek at April 25, 2024 12:30 PM (Cus5s)

132 If they're still online go look at the stories about the economy under Bush. Even actual growth was written in the most catastrophically negative terms. It's funny.

Posted by: ... at April 25, 2024 12:30 PM (rAQ0h)

133 i hear they broke ground on high-speed rail from la to vegas just the other day
Posted by: anachronda at April 25, 2024 12:26 PM (v3pYe)

Dammit -- should have called me first

Posted by: Lyle Landley at April 25, 2024 12:30 PM (gtY/l)

134 "No worries, Mr. President, we'll just tell them next week that you created 300,000 new jobs in April."

Posted by: Fake ... Everything at April 25, 2024 12:30 PM (qUkBO)

135 Much like feces when someone is dehydrated is "very solid". That may be, but it's still shit.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:29 PM (dZVON)

hurts, too

Posted by: BignJames at April 25, 2024 12:31 PM (AwYPR)

136 You want to vote for someone to fix it.
But they tell you he's a criminal and so are you.

When is it time for Americans to get help?
Posted by: People's Hippo Voice at April 25, 2024 12:25 PM (yikga)

I hope we see the effects of a "silent majority" -- if I can bring back that old idea.

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:31 PM (IRhCl)

137 108 56 Look phat, the new Five Year Plan is going to be so awesome it will blow away all those tired old statistical-thingees. So, shut up and hand over your ballot to our neighborhood captains. We will vote it for you.
Posted by: The Junta, looking for some understanding at April 25, 2024 12:19 PM (e+E3X

And if that doesn't work, we'll make a "Great Leap Forward", just like Mao and all his Commie friends failed at.

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:26 PM (IRhCl)

Ya, right over a cliff...

Posted by: jim (in Kalifornia) at April 25, 2024 12:31 PM (ynpvh)

138 When is it time for Americans to get help?
Posted by: People's Hippo Voice
=======
There is no one coming over the hill, least of all GOP in Congress, to our aid. If anything, the GOP is all in with the Dems in destroying the Federal public fisc.

As productive types, we have to develop essentially a parallel economy and society and that requires a change in one's thinking and economic decisions. Go around, behind, underneath, and create and remember barter is always an option.

Posted by: whig at April 25, 2024 12:31 PM (/AKWf)

139 There's absolutely no political will in either party for the austerity budgets needed to get our debt under control. I think at this point they've decided to max out the credit cards and party until things go bust.
Posted by: Citizen Cake at April 25, 2024 12:28 PM (CwhoI)
++++
Yup.

I've described it as "loot the bitch empty before it augers in" or the "loot the empire stage" of development. The non-retards in power - and there are many - know that this doesn't end well. But they also know that the power structure utterly depends on theft and corruption, so they have no choice but to continue and accelerate until it's all gone. Those at the tippity-top probably expect to be able to jump clear of the wreckage when that happens.

The music is still playing, so they're going to keep dancing.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:31 PM (HnUIn)

140 Are the RNG forecasts for GDP growth out yet for next quarter?

Posted by: Muldoon at April 25, 2024 12:31 PM (l4B/J)

141 Be not afraid. There'll be plenty of cicadas to eat this year.
Posted by: Eeyore at April 25, 2024 12:30 PM (1bNHn)
---
I live smack dab in the middle of cicada country. I am expecting a bumper crop this year!

At least my cats and I won't go hungry for a while...

Posted by: "Perfessor" Squirrel at April 25, 2024 12:31 PM (7fElN)

142 Stagflation

If our Republican Congress had a spine (and wasn’t following Trumps orders) they would cut off all this stimulus that’s propping up the economy.

$1 trillion in debt every hundred days, but let’s give another hundred billion to defend other countries borders

Posted by: Benchmark at April 25, 2024 12:31 PM (YZ529)

143 134 "No worries, Mr. President, we'll just tell them next week that you created 300,000 new jobs in April."
Posted by: Fake ... Everything at April 25, 2024 12:30 PM (qUkBO)

Which they will probably do

Posted by: It's me donna at April 25, 2024 12:31 PM (Akjoo)

144 GDP is only one of many yardsticks, and it's a pretty stupid one. It measures only output. Dog a ditch and fill it back in and got GDP. Government spending is a direct component of GDP as well - and they are spending well over 1 trillion a year more than they have, it's like maxing out your credit card to clear out the Rent2Own place and saying you're doing awesome now. Combine government spending along with digging and refilling ditches, and you've got Washington DC.

Posted by: Chuck Hemangioma at April 25, 2024 12:31 PM (X3M8m)

145 "Be not afraid. There'll be plenty of cicadas to eat this year.
Posted by: Eeyore"

You are not kidding. They are all over the place here.
Come and git it yall!

Posted by: fd at April 25, 2024 12:31 PM (vFG9F)

146 109 "Oh, steak is too expensive; lets substitute hamburger!"
and a whole host of other tricks.
Posted by: jim
=======
Yep. They have steadily impoverished the middle and working classes in favor of themselves and their rent a vote poor welfare class.

Posted by: whig at April 25, 2024 12:27 PM (/AKWf)

Eating flat screen TVs just doesn't work. Besides, I can live with my old TV for quite a while, but I need gas for the car, food in my belly, and electricity and gas form my house...

Posted by: jim (in Kalifornia) at April 25, 2024 12:32 PM (ynpvh)

147 I think retail financial institutions have been expecting this downturn. Last month my company laid off about 3000 people. We were told in November that the bonuses in 2024 wouldnt be as generous as 2023...that was around the same time our DIE VP was let go quietly.

Posted by: Mishdog at April 25, 2024 12:32 PM (Mykux)

148 We don't care about austerity, cutting spending or budget deficits. EVERYONE knows the answer is increased revenue! Now pay the tax and eat the bugs. And shut up.

Posted by: Congress at April 25, 2024 12:32 PM (AD14M)

149 Can you say stagflation?

Sure you can.
Posted by: JackStraw at April 25, 2024 12:09 PM

If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.

Posted by: RedMindBlueState at April 25, 2024 12:32 PM (Wnv9h)

150 The trick is to figure out how to rotate in and out of the dead cat bounce.
The Congresscritters got the inside track no matter what.

Posted by: torabora at April 25, 2024 12:32 PM (DBd2Y)

151 117 " Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment
Posted by: SMOD"

Oh no! Better give them another 48 hours to recover.

Posted by: fd at April 25, 2024 12:28 PM (vFG9F)

The water needs more chlorine. It's for the gene pool!

Posted by: jim (in Kalifornia) at April 25, 2024 12:32 PM (ynpvh)

152 Hey, SiD. Yesterday was Scream Day. Hope you had a good one -- a good day and a good scream.
Posted by: Bulgaroctonus
---
Hey, B. Good to see you as always. No screaming here, it freaks out my 84 year old mother and the cat.

Posted by: screaming in digital at April 25, 2024 12:32 PM (wQXfi)

153 106 94 Your roads are falling apart.
But they are building a free seaport for the terrorists of Hamas.

----

I understand that I'm a dunce but isn't that treason?

Posted by: Seems Legit at April 25, 2024 12:32 PM (JeYYB)

154 Those at the tippity-top probably expect to be able to jump clear of the wreckage when that happens.
Posted by: Joe Mannix
=======
Those at the tippity top depend more on society and its productive workers because they literally do not know how to produce anything.

That, plus easy enough for drones to make the tippity top have to live in caves and cower in fear for what they have done to society.

Posted by: whig at April 25, 2024 12:32 PM (/AKWf)

155 This doesn't get solved without a balanced budget that stays balanced for a goodly while. Surpluses would be better, but we have to at least stop deficit spending for a while. That's up to Congress, and it won't happen. Too many pigs at the trough.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:23 PM (HnUIn)

My only qualification to make this comment is I stayed at a Holiday Inn last night… but I disagree. If Trump gets in if all he does is unleash energy production and begin eliminating regulations again… the positive impact will be quite noticeable IMHO

Posted by: LinusVanPelt at April 25, 2024 12:33 PM (+r3lU)

156 DU has a thread on this...but no relevant discussion lol. There are other threads trying to hype up the "positives" of Bidenomics, though.

New US Home Sales Jump to Highest Level Since September! Sales of new homes in the US bounced back in March in a broad advance as prospective buyers toughed out high mortgage rates. New single-family home sales increased 8.8% to a 693,000 annual pace last month, the fastest since September, government data showed Tuesday. Economists surveyed by Bloomberg gave a median estimate of 668,000.

US applications for jobless claims fall to lowest level in 9 weeks. The Labor Department reported Thursday that unemployment claims for the week ending April 20 fell by 5,000 to 207,000 from 212,000 the previous week. That's the fewest since mid-February.

Best President of my lifetime! (Dark Brandon image) And possibly most underappreciated.

And the stock markets immediately tank. Big money players think that too many commoners getting jobs will bite into their share of the pie.

The markets are WAAAAAAAAYYYYYY overdue for a correction. notably a 10% one.

Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 25, 2024 12:33 PM (QG++7)

157 [Looks at bank account.] The economy is booming! Well, *my* economy is! [Smirks.]

Posted by: Heather Long at April 25, 2024 12:33 PM (qUkBO)

158 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState

Don't comment on old threads.

Posted by: Bulgaroctonus at April 25, 2024 12:33 PM (9yWhg)

159 "Spending big on services and being choosy on goods."

Interesting. Note that they don't go into reasons.

Services are often inelastic. If you need to go to the doctor or have the furnace fixed or whatever, that *has* to happen. You will cut other things to achieve it. And what will you cut? Goods. You're not being "choosy" so much as you're being forced out.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:10 PM (HnUIn)

Also does spending big actually mean an increase, or is it just a shift in the proportions--with services spending perhaps being static or even decreasing, but not as fast as goods spending has cratered?

Posted by: TexasDan at April 25, 2024 12:33 PM (z/ifB)

160 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState
--------------
In the economy that we are heading into, you won't be able to afford pants nor the fabric to make them. You might be able to make and wear a loincloth.

Posted by: whig at April 25, 2024 12:34 PM (/AKWf)

161 Dang, I'm hungry. I know, I'll have a muffin!

LETS DANCE!

https://www.youtube.com/watch?v=HGV3yV9q4Q4

Posted by: Jimmy Carter at April 25, 2024 12:34 PM (X4yCj)

162 126 " Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment
Posted by: SMOD"

I'm melting, I'm melting!! Oh my world....

Posted by: Student Protesters at April 25, 2024 12:30 PM (bhRsz)

"No one told me we'd be made to shower!"

Posted by: jim (in Kalifornia) at April 25, 2024 12:34 PM (ynpvh)

163 Remember with all of this garbage data, the directors and executives at Bear Stearns and Lehman had to end up somewhere. These idiots had connections 15 years ago...they didn't disappear.

Posted by: Mishdog at April 25, 2024 12:34 PM (Mykux)

164 Looks like it was a very bad day for Team Lawfare at the Supreme Court today.

Posted by: JackStraw at April 25, 2024 12:34 PM (LkLld)

165 127 Heather Long

Washington, D.C.
Editorial writer and columnist

Education: Wellesley College, BA in economics and English; Oxford University, master's in financial economics and medieval literature

Well . . . that explains it!

Posted by: Elric Blade at April 25, 2024 12:30 PM (iFTx/)

Yes! Propaganda supporting Medieval economics.

Posted by: jim (in Kalifornia) at April 25, 2024 12:34 PM (ynpvh)

166 "New single-family home sales increased 8.8% to a 693,000 annual pace last month, the fastest since September, government data showed Tuesday."
---
"government data"

I think I found a flaw in your argument...

Posted by: "Perfessor" Squirrel at April 25, 2024 12:34 PM (7fElN)

167 Under my watch, the economic recovery has hit. Pause. New heights, giving Americans. Pause. Hope for the future.

Posted by: POTUS at April 25, 2024 12:34 PM (CwhoI)

168 I laugh over the FNM still pretending we are not in a recession. We've formally been in one for years now.

And combining it with the current Biden hyperinflation? Worst economy since the great Depression.

Posted by: 18-1 at April 25, 2024 12:35 PM (ibTVg)

169 "If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState"

How about plaid shorts?

Posted by: fd at April 25, 2024 12:35 PM (vFG9F)

170 156 And the stock markets immediately tank. Big money players think that too many commoners getting jobs will bite into their share of the pie.

The markets are WAAAAAAAAYYYYYY overdue for a correction. notably a 10% one.
Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 25, 2024 12:33 PM (QG++7)

======

Interesting that the big money antagonism is still there...despite their constant cheering on of big money interests.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:35 PM (GBKbO)

171 I wonder what the actual debt limit is? Not the voted upon one, but the real one where no one will buy T bills. 50T?

Posted by: Nick in Tallahassee at April 25, 2024 12:35 PM (uTFcg)

172 130
Yo, PK! Barbeque of Haiti needs you personal advice; he needs you to visit him stat!
Posted by: jim (in Kalifornia) at April 25, 2024 12:23 PM (ynpvh)

wowl this could be Paul Krugman's Friedman moment!

Posted by: Kindltot at April 25, 2024 12:30 PM (D7oie)

Ha! Or Fried-man...LOL

Posted by: jim (in Kalifornia) at April 25, 2024 12:35 PM (ynpvh)

173 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState

...

I'd be okay with plaid if we get a decent reboot of the Olds 442.

Posted by: TexasDan at April 25, 2024 12:35 PM (z/ifB)

174 Best President of my lifetime! (Dark Brandon image) And possibly most underappreciated.

Posted by: Intercepted DU Transmissions brought by the Intrepid AoS Liaison at April 25, 2024 12:33 PM (QG++7)

born at night...last night

Posted by: BignJames at April 25, 2024 12:35 PM (AwYPR)

175 135 Much like feces when someone is dehydrated is "very solid". That may be, but it's still shit.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:29 PM (dZVON)

hurts, too

Posted by: BignJames at April 25, 2024 12:31 PM (AwYPR)

Quicksand. Quicksand all the way down...

Posted by: jim (in Kalifornia) at April 25, 2024 12:36 PM (ynpvh)

176 U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said. Economists polled by Dow Jones forecast GDP growth would come in at 2.4%.

And they're lying about that.

Rest assured that number will be quietly adjusted downwards in a few weeks.

Posted by: General at April 25, 2024 12:36 PM (YAtuc)

177 It may be too late. I hope it's too late.
This was NYC this morning:

https://tinyurl.com/52w5e3ec

Posted by: sharon(willow's apprentice) at April 25, 2024 12:36 PM (t/2Uw)

178 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState

Don't comment on old threads.
Posted by: Bulgaroctonus at April 25, 2024 12:33 PM (9yWhg)

Damn, Bulg -- that was well played.
*steady loud clap*

Posted by: Doof at April 25, 2024 12:36 PM (gtY/l)

179 Looks like an exponential decay curve, with a few blips in it.

Posted by: Alberta Oil Peon at April 25, 2024 12:36 PM (tkR6S)

180 Moose and Squirrel just punted a hundred billion into the war vortex against Natasha and Boris Badenov.
Just what did you think would happen when that much wealth was removed from our economy?
There is no free lunch.

Posted by: torabora at April 25, 2024 12:36 PM (DBd2Y)

181 145 "Be not afraid. There'll be plenty of cicadas to eat this year.
Posted by: Eeyore"

You are not kidding. They are all over the place here.
Come and git it yall!

Posted by: fd at April 25, 2024 12:31 PM (vFG9F)

Cicada burgers,
Cicada Fries,
Cicada with pineapple,
Cicada fricassee,
Cicada...

Posted by: jim (in Kalifornia) at April 25, 2024 12:37 PM (ynpvh)

182 Panic as Automatic Sprinklers Soak Harvard’s Anti-Israel Encampment
Posted by: SMOD at April 25, 2024 12:22 PM (RHGPo)

Has anyone informed them that it's Zionist water?

Posted by: I used to have a different nic at April 25, 2024 12:37 PM (IUd0M)

183 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState
---
How about any of these?

https://tinyurl.com/2t9u6xmf

Posted by: screaming in digital at April 25, 2024 12:37 PM (wQXfi)

184 Most, if not all of the "GDP" growth is coming from gov spending. So, really no growth is occurring, is my bet. Inflation, from my grocery spending is running in the 10-15 percent range. Saw price increases and shrinkflation happening over the past 4,-8 weeks. Good times.

Posted by: Ganowicz Commie Exterminators, LTD. at April 25, 2024 12:37 PM (A2E7p)

185 If Biden has lost NYC...

Posted by: sharon(willow's apprentice) at April 25, 2024 12:37 PM (t/2Uw)

186 New single-family home sales increased 8.8% to a 693,000 annual pace last month, the fastest since September, government data showed Tuesday."
---
"government data"

I think I found a flaw in your argument...
Posted by: "Perfessor" Squirrel at April 25, 2024 12:34 PM (7fElN)

Is that 8.8 percent YOY, or just compared to the crappy month before? Same question for Sept of last year the "previous fastest" one.

Posted by: TexasDan at April 25, 2024 12:37 PM (z/ifB)

187 149 Can you say stagflation?

Sure you can.
Posted by: JackStraw at April 25, 2024 12:09 PM

If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.

Posted by: RedMindBlueState at April 25, 2024 12:32 PM (Wnv9h)

Stagflation sounds like a Jimmy Carter Porno.

Posted by: jim (in Kalifornia) at April 25, 2024 12:37 PM (ynpvh)

188 Looks like it was a very bad day for Team Lawfare at the Supreme Court today.

Don't worry, I'll pick up the slack!

Posted by: The Fascist Attorney General of Arizona! at April 25, 2024 12:37 PM (YAtuc)

189 But now 1.6% growth, which we all know is a snapshot of a falling line and we'll probably be at near-0% next quarter, is "very solid" because we have to all pull together and drag this evil rotten-brained husk of a rapist across the finish line again.

To break even the US economy has to grow more then Bidenflation, immigration, and government debt.

So if the economy grows 1.6% in a quarter, but we've got 2.6% inflation per quarter (a stupidly low ball estimate) we are already at -1% growth, not including population growth and increased debt.

Posted by: 18-1 at April 25, 2024 12:37 PM (ibTVg)

190 Eating flat screen TVs just doesn't work. Besides, I can live with my old TV for quite a while, but I need gas for the car, food in my belly, and electricity and gas form my house...
Posted by: jim
-----
Our elites are in the same mindset as Marie Antoinette was when she expressed that the poor should eat cake when they could not afford bread.

(Bit more of obscure French economics at the time to what Marie said but the principle is the same).

Posted by: whig at April 25, 2024 12:37 PM (/AKWf)

191 Education: Wellesley College, BA in economics and English; Oxford University, master's in financial economics and medieval literature
------
Someone needs it up the nether ye good and hard!

Posted by: andycanuck (vtyCZ) at April 25, 2024 12:37 PM (vtyCZ)

192 185 If Biden has lost NYC...
Posted by: sharon(willow's apprentice) at April 25, 2024 12:37 PM (t/2Uw)

=======

Trust me.

He hasn't lost Tammany's ballots.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:37 PM (GBKbO)

193 Damn, Bulg -- that was well played.
*steady loud clap*
Posted by: Doof

Thanks, Doof. Not the first time I've used it.

No one seemed to notice my Stuyvesant pun in the last thread, though.

Posted by: Bulgaroctonus at April 25, 2024 12:38 PM (9yWhg)

194 150 The trick is to figure out how to rotate in and out of the dead cat bounce.
The Congresscritters got the inside track no matter what.

Posted by: torabora at April 25, 2024 12:32 PM (DBd2Y)

So F*cking the dead cat.

Posted by: jim (in Kalifornia) at April 25, 2024 12:38 PM (ynpvh)

195 Great news! No unrealized capital gains to tax!

You’re welcome.

Posted by: Jack Squat Bupkis at April 25, 2024 12:38 PM (GD2xa)

196 My only qualification to make this comment is I stayed at a Holiday Inn last night… but I disagree. If Trump gets in if all he does is unleash energy production and begin eliminating regulations again… the positive impact will be quite noticeable IMHO
Posted by: LinusVanPelt at April 25, 2024 12:33 PM (+r3lU)
++++
That will help, to be sure. There is a boot on the neck and removing that boot (or even just reducing the pressure) will help. It will not solve the problem unless productivity increases enough to offset the deficit, which has the same final net effect on the budget as cutting: balance.

The deficits *must* be brought under control or the problem cannot be solved. It might - maybe - be able to be delayed a bit. But until deficits hit zero (or, at bare minimum, no longer exceed GDP growth), the continue to corrode the economy. There is no other choice. Things *must* always balance.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:38 PM (HnUIn)

197 195 Great news! No unrealized capital gains to tax!

You’re welcome.
Posted by: Jack Squat Bupkis at April 25, 2024 12:38 PM (GD2x

=======

Also, we have to increase taxes.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:38 PM (GBKbO)

198 Yes, but think how good we'd be looking if arms shipments to the Ukraine were included in the GDP...
Posted by: t-bird at April 25, 2024 12:23 PM (ls1gy)

Would $1.78 really make that big a difference?

Posted by: I used to have a different nic at April 25, 2024 12:38 PM (IUd0M)

199 188 Looks like it was a very bad day for Team Lawfare at the Supreme Court today.

Don't worry, I'll pick up the slack!
Posted by: The Fascist Attorney General of Arizona! at April 25, 2024 12:37 PM (YAtuc)

Is that good ? I heard the Trump lawyers were awful

Posted by: It's me donna at April 25, 2024 12:38 PM (Akjoo)

200 In the economy that we are heading into, you won't be able to afford pants nor the fabric to make them. You might be able to make and wear a loincloth.
Posted by: whig at April 25, 2024 12:34 PM

The Horde will be ahead of the fashion curve. So we got that going for us. Which is nice.

Posted by: RedMindBlueState at April 25, 2024 12:39 PM (Wnv9h)

201 The small GDP we do have is purely a result of government spending like drunken sailors

All spending bills start in the House of Representatives, but our fearless leaders won’t cut this off at the knees.

We already had two consecutive quarters of negative GDP, but they change the definition of what a recession is to cover for Biden

Posted by: Benchmark at April 25, 2024 12:39 PM (YZ529)

202 196
The deficits *must* be brought under control or the problem cannot be solved. It might - maybe - be able to be delayed a bit. But until deficits hit zero (or, at bare minimum, no longer exceed GDP growth), the continue to corrode the economy. There is no other choice. Things *must* always balance.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:38 PM (HnUIn)

=========

Can people please stop buying government bonds, please?

Let's just get this party started.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:39 PM (GBKbO)

203 financial economics and medieval literature

Well . . . that explains it!
Posted by: Elric Blade

**********

Heather Long's Economic predictions, by G. Chaucer:

...and Heather dud abib leet fle a fart,
As greet as it had been a thonder-dent,

Posted by: Muldoon at April 25, 2024 12:39 PM (l4B/J)

204 The fiscal crisis is inevitable and we can see it coming like a ship that's about to hit the bridge.

The only way to avoid it is to cut government outflows and increase private sector growth. Fat chance of that happening with the central-planning statists in charge.

Posted by: Caesar North of the Rubicon at April 25, 2024 12:39 PM (r5tfK)

205 3.6 roentgens , not great not terrible.

Posted by: Some Dead Russian at April 25, 2024 12:39 PM (DBd2Y)

206 There is no free lunch.
Posted by: torabora at April 25, 2024 12:36 PM (DBd2Y)

...

In my wife's family there is a cousin who is usually "homeless" which is to say drugged out and living on the streets.

He does sometimes show up at family events. One year when I was there his brothers started dragging him for being an idiot about where he went dumpster diving.

Like, go dumpster diving at the steakhouse, not the burger king.

Posted by: TexasDan at April 25, 2024 12:39 PM (z/ifB)

207 I did recently buy a new TV. And they were cheaper then the last time I was in market for one...10 years ago.

But I do not care about inflation or lack there of for TVs because I buy one once a decade.

Now the meat I buy every single week being 100% more then 4 years ago? That I, and my wallet, care about.

Posted by: 18-1 at April 25, 2024 12:39 PM (ibTVg)

208 Don't comment on old threads.
Posted by: Bulgaroctonus at April 25, 2024

You won today! Woohoo!

I am going to go make a smoothie. I am starving. It will be in your honor.

Posted by: Piper at April 25, 2024 12:39 PM (ZdaMQ)

209 16 A 600 point drop is statistical noise for an over inflated dow. I would start getting concerned if it drops by 2,500 in a 24 hour period.
Posted by: Mister Scott (Formerly GWS) at April 25, 2024 12:10 PM (QNSds)

Well, the DJI hir its 2024 high of 39,807 on March 28. It's "only" about 4.5% off that high

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:39 PM (joIaL)

210 Moose and Squirrel just punted a hundred billion into the war vortex against Natasha and Boris Badenov.
Just what did you think would happen when that much wealth was removed from our economy?

Now, now, most of that money is going to patriotic American arms manufacturers!

It's economic stimulus, baby!

Posted by: The ARC of History! at April 25, 2024 12:39 PM (YAtuc)

211 I look forward to the return of the 70's leisure suits!

Posted by: Ganowicz Commie Exterminators, LTD. at April 25, 2024 12:40 PM (A2E7p)

212 Interesting that the big money antagonism is still there...despite their constant cheering on of big money interests.
Posted by: TheJamesMadison

I think it was you or maybe someone else that mentioned that DU is probably composed of government employees posting while on the job.

Bureaucrats have a natural antipathy to wealthy because it always reminds them someone is better off than them. Envy is the very basis of the hierarchy in a bureaucracy.

Posted by: whig at April 25, 2024 12:40 PM (/AKWf)

213 54....my point is it would have been called a recession if under Trump. But under Biden, as you say, ignored. It's just amusing the reporter posted that graph to show how the economy is supposedly doing well, but those two bars that go down...WTF is that? Doesn't she know?

Posted by: Lex at April 25, 2024 12:40 PM (fMN7A)

214 Almost like the feds are gaming the system by printing money in order to create positive headlines for political purposes.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:13 PM

The fact that you even think that is indicative of a level of cynicism that is well beyond your tender years.

Posted by: Duncanthrax at April 25, 2024 12:40 PM (c6wLM)

215 Heather Long's Economic predictions, by G. Chaucer:

...and Heather dud abib leet fle a fart,
As greet as it had been a thonder-dent,

Posted by: Muldoon at April 25, 2024 12:39 PM (l4B/J)

Hall of Fame.

Posted by: Caesar North of the Rubicon at April 25, 2024 12:40 PM (r5tfK)

216 Thanks, Doof. Not the first time I've used it.

No one seemed to notice my Stuyvesant pun in the last thread, though.
Posted by: Bulgaroctonus at April 25, 2024 12:38 PM (9yWhg)

I missed it. But I wouldn't have gotten it anyway.

Posted by: Doof at April 25, 2024 12:40 PM (gtY/l)

217 And to cap it all off, or maybe to pop a cap in it, Bai-Den has announced that the feds are now wanting a "zero-emissions freight sector". Apparently they plan to starve us out by making everything too expensive for any but the richest to afford to survive.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:40 PM (dZVON)

218 I'd be okay with plaid if we get a decent reboot of the Olds 442.
Posted by: TexasDan at April 25, 2024 12:35 PM (z/ifB)

Mein Fuhrer, Oldsmobile ... Oldsmobile died 20 years ago.

Posted by: spindrift at April 25, 2024 12:40 PM (OguvZ)

219 Can people please stop buying government bonds, please?

Let's just get this party started.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:39 PM (GBKbO)
++++
Right now? No. The primary dealer system ensures that bonds get sold.

The US government might not like the price, though.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:40 PM (HnUIn)

220 >>Is that good ? I heard the Trump lawyers were awful

Sure didn't sound that way. It did sound like the government prosecutor was awful but then he was a bit hampered by having a completely bullshit case.

Posted by: JackStraw at April 25, 2024 12:40 PM (LkLld)

221 How about any of these?

https://tinyurl.com/2t9u6xmf
Posted by: screaming in digital at April 25, 2024 12:37 PM

That was not a nice thing you just did.

Posted by: RedMindBlueState at April 25, 2024 12:40 PM (Wnv9h)

222 You won today! Woohoo!

I am going to go make a smoothie. I am starving. It will be in your honor.
Posted by: Piper

Thanks, Piper!

Posted by: Bulgaroctonus at April 25, 2024 12:41 PM (9yWhg)

223 Clearly, we need a Constitutional Amendment to cap combined taxation at 50%.
Posted by: SMOD at April 25, 2024 12:19 PM (RHGPo)

The end result of such a cap would be that it also becomes a floor. THAT, you can bank on it.

Posted by: Alberta Oil Peon at April 25, 2024 12:41 PM (tkR6S)

224 just wrapped up at SCOTUS.

Posted by: BruceWayne at April 25, 2024 12:41 PM (CIS44)

225 219 Right now? No. The primary dealer system ensures that bonds get sold.

The US government might not like the price, though.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:40 PM (HnUIn)

=======

We could always use someone who says, "Arrest me. I'd rather be in jail than buy this shit."

But that's asking a lot.

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:41 PM (GBKbO)

226 Things have gotten so tight that this brunette in a dress can no longer afford socks:
http://tiny.cc/aexuxz

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:41 PM (HnUIn)

227 207 I did recently buy a new TV. And they were cheaper then the last time I was in market for one...10 years ago.

----

TVs are cheap because the "smart" tvs collect your data and sell it to advertisers. They make far more on that than the price of the TV.

Posted by: Seems Legit at April 25, 2024 12:41 PM (JeYYB)

228 224 just wrapped up at SCOTUS.
Posted by: BruceWayne at April 25, 2024 12:41 PM (CIS44)

======

How was the catering?

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:42 PM (GBKbO)

229 I look forward to the return of the 70's leisure suits!
Posted by: Ganowicz Commie Exterminators, LTD. at April 25, 2024 12:40 PM

Cut. Jib. Newsletter?

Posted by: Leisure Suit Larry at April 25, 2024 12:42 PM (c6wLM)

230 190 Eating flat screen TVs just doesn't work. Besides, I can live with my old TV for quite a while, but I need gas for the car, food in my belly, and electricity and gas form my house...
Posted by: jim
-----
Our elites are in the same mindset as Marie Antoinette was when she expressed that the poor should eat cake when they could not afford bread.

(Bit more of obscure French economics at the time to what Marie said but the principle is the same).

Posted by: whig at April 25, 2024 12:37 PM (/AKWf)

Yes. I read that cake was the ends of the bread that were cut off or something like that.

Posted by: jim (in Kalifornia) at April 25, 2024 12:42 PM (ynpvh)

231 Like, go dumpster diving at the steakhouse, not the burger king.
Posted by: TexasDan at April 25, 2024 12:39 PM (z/ifB)
****
That reminds me. There's a Texas Roadhouse (steak joint) a few minutes away.
Thanks for the tip!

Posted by: torabora at April 25, 2024 12:42 PM (DBd2Y)

232 The Horde will be ahead of the fashion curve. So we got that going for us. Which is nice.
Posted by: RedMindBlueState
------
I see the Horde mainly as 29 year old Vikings that are pillaging and scourging our betters. If you see a guy with a horned helmet and wearing a loincloth--they are probably of the Horde.

Posted by: whig at April 25, 2024 12:42 PM (/AKWf)

233 We could always use someone who says, "Arrest me. I'd rather be in jail than buy this shit."

But that's asking a lot.
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:41 PM (GBKbO)
++++
Nah. But they could quit being primary dealers. Right now, though - and for the foreseeable future - the benefits of being in that club still outweigh the costs.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:42 PM (HnUIn)

234 The deficits *must* be brought under control or the problem cannot be solved. It might - maybe - be able to be delayed a bit. But until deficits hit zero (or, at bare minimum, no longer exceed GDP growth), the continue to corrode the economy. There is no other choice. Things *must* always balance.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:38 PM (HnUIn)

...

And we never pay of the debt, just the interest, and we're therefore super vulnerable to the interest rate...

Posted by: TexasDan at April 25, 2024 12:42 PM (z/ifB)

235 223 Clearly, we need a Constitutional Amendment to cap combined taxation at 50%.
Posted by: SMOD at April 25, 2024 12:19 PM (RHGPo)

The end result of such a cap would be that it also becomes a floor. THAT, you can bank on it.
Posted by: Alberta Oil Peon at April 25, 2024 12:41 PM (tkR6S)

-----

50%????????????

It should be at about 5% Tops.

Posted by: Seems Legit at April 25, 2024 12:42 PM (JeYYB)

236 204 The fiscal crisis is inevitable and we can see it coming like a ship that's about to hit the bridge.

The only way to avoid it is to cut government outflows and increase private sector growth. Fat chance of that happening with the central-planning statists in charge.
Posted by: Caesar North of the Rubicon at April 25, 2024 12:39 PM (r5tfK)

Did someone call me?

Posted by: Vivek Ramaswamy at April 25, 2024 12:42 PM (joIaL)

237 194 150 The trick is to figure out how to rotate in and out of the dead cat bounce.
The Congresscritters got the inside track no matter what.

Posted by: torabora at April 25, 2024 12:32 PM (DBd2Y)

So F*cking the dead cat.

Posted by: jim (in Kalifornia)

= =

Sufferin' succotash! Can't a dead cat have some peace!?!?

Posted by: Sylvester, The Dead Cat at April 25, 2024 12:43 PM (AD14M)

238 There’s a Biden official on Fox Business who is lying more than Biden. According to him, food inflation is 0 % , and everyone s buying power is increasing.

Posted by: Jen the original at April 25, 2024 12:43 PM (FrWOI)

239 It's going to be interesting to see what the UAW and Musk are going to do when the Chinese EV's hit the US shores via Sweden.
https://shorturl.at/kDJX6

Posted by: sidney at April 25, 2024 12:43 PM (Uy/WF)

240 Amusingly you can formally get "better economic growth" just be spending more Bidenbux.

Not only do they not county hyperinflation as a negative they implicitly count it as a positive.

Imagine, for example, that the real economic output in 2023 and 2024 are the same, but due purely to say 10% inflation the GDP "grew" from $20T to $22T. They would claim that was 10% growth.

Posted by: 18-1 at April 25, 2024 12:43 PM (ibTVg)

241 Oh, and now that the Ukrainians are refusing to renew passports and provide other consular services to Ukrainian males living abroad, the Poles have said that they will "assist" Ukraine in returning Ukrainian males in Poland back to Ukraine, so they can be drafted into the army.

This will be fun to watch.

Posted by: The ARC of History! at April 25, 2024 12:43 PM (YAtuc)

242 How was the catering?
Posted by: TheJamesMadison, f

day old bagels and limp veggies

Posted by: BruceWayne at April 25, 2024 12:43 PM (CIS44)

243 Don't comment on old threads.
Posted by: Bulgaroctonus at April 25, 2024 12:33 PM

Dare I say it, possible threadwinner.

Posted by: RedMindBlueState at April 25, 2024 12:43 PM (Wnv9h)

244 59 Sure, officer, I was doing 187mph. But I was moderating my speed. I hit 191 just a few minutes before that.

Posted by: spindrift at April 25, 2024 12:19 PM (OguvZ)

LOL.
I was driving down a desert road doing about 100 when I saw a spec of a car in the distance, so I started slowing down. It was a highway patrol, and he turned around and got me. Going 75 in a 65. LOL.

Posted by: jim (in Kalifornia) at April 25, 2024 12:43 PM (ynpvh)

245 Things have gotten so tight that this brunette in a dress can no longer afford socks:
http://tiny.cc/aexuxz

The dress doesn't really show it, but if she lives in the Alps like that picture makes it appear she's probably got some serious lung capacity.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 12:43 PM (dZVON)

246 Afternoon Ace. Listening to some White House economic advisor babble about how things are looking great and on the right track. Government spending is the only thing making the economy "look" good. These people are delusional

Posted by: Smell the Glove at April 25, 2024 12:43 PM (gzrLG)

247 That reminds me. There's a Texas Roadhouse (steak joint) a few minutes away.
Thanks for the tip!
Posted by: torabora at April 25, 2024 12:42 PM (DBd2Y)

...

I'm a little offended that given my nic you felt the need to explain Texas Roadhouse to me.

Posted by: TexasDan at April 25, 2024 12:43 PM (z/ifB)

248 Our elites are in the same mindset as Marie Antoinette was when she expressed that the poor should eat cake when they could not afford bread.

(Bit more of obscure French economics at the time to what Marie said but the principle is the same).

Posted by: whig

I think they've pretty much debunked that she ever said it. Some anti-Bourbon propogandist made it up. Maybe Voltaire.

Posted by: Bulgaroctonus at April 25, 2024 12:43 PM (9yWhg)

249 The fiscal crisis is inevitable and we can see it coming like a ship that's about to hit the bridge.

= =

Interesting metaphor!

Posted by: The Titanic at April 25, 2024 12:44 PM (AD14M)

250 Don't comment on old threads.
Posted by: Bulgaroctonus

That was bloody brilliant!

Posted by: Madamemayhem (uppity wench) at April 25, 2024 12:44 PM (4XwPj)

251 It's all bull shit, smoke and mirrors, Nacht und Nebel, lies, made up fairy tales and bush league psyche out shit.

The "economy" that is.

Go long on Ramen Noodles.

Posted by: Hairyback Guy at April 25, 2024 12:44 PM (cDEsv)

252 Just so we’re clear, Trump is not cutting government spending one penny either.

He’s obviously better than the alternative, but Trump is no small government conservative.

He handily outspent Obama

Posted by: Benchmark at April 25, 2024 12:44 PM (YZ529)

253 Fifty years ago I sported plaid pants, now I wear no pants. That's progress-that's America.

Posted by: No Book Thread For Me! at April 25, 2024 12:44 PM (V5BDR)

254 Go long on Ramen Noodles.
Posted by: Hairyback Guy at April 25, 2024 12:44 PM (cDEsv)
++++
The US Government: Making Giffen Goods Great Again!

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:44 PM (HnUIn)

255 I see the Horde mainly as 29 year old Vikings that are pillaging and scourging our betters. If you see a guy with a horned helmet and wearing a loincloth--they are probably of the Horde.
Posted by: whig at April 25, 2024 12:42 PM

Damn. Now I have to get a helmet.

Posted by: RedMindBlueState at April 25, 2024 12:44 PM (Wnv9h)

256 Fifty years ago I sported plaid pants, now I wear no pants. That's progress-that's America.
Posted by: No Book Thread For Me! at April 25, 2024 12:44 PM (V5BDR)
++++
LOL

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:44 PM (HnUIn)

257 This reminds me of the Obama years. Growth was so anemic under Obama because of his suffocating policies that they could not get to any sort of robust economic growth. So instead, the newspapers and airwaves were suddenly flooded with "experts" declaring the it wasn't possible to grow the economy more than 2.5% annually. And what do you know? That's what was happening at peak times under Obama--another A+! There was never any explanation for why better growth was possible and actually happened all the time before that. No matter. As of right then, 2.5% was the absolute metaphysical maximum possible growth rate. Because experts. None of whom were available after Trump took office and showed it was all a bunch of crap.

Posted by: Mad Max in VA at April 25, 2024 12:45 PM (4+3qm)

258 The only thing worse would be F. Joe Mugabe announcing he's repealing Trump's tax cuts and raising taxes -- including a "wealth tax' to tax your unrealized deplorable capital gains, deplorables!

Oh, wait ...

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:45 PM (/JOu+)

259 TVs are cheap because the "smart" tvs collect your data and sell it to advertisers. They make far more on that than the price of the TV.
Posted by: Seems Legit at April 25, 2024 12:41 PM (JeYYB)
****
See. No free lunch.

Posted by: torabora at April 25, 2024 12:45 PM (DBd2Y)

260 Looks like it was a very bad day for Team Lawfare at the Supreme Court today.

____________

Do you have a link to a source I can look at ?

Thanks

Posted by: Hatari somewhere on Ventura Highway at April 25, 2024 12:45 PM (NtVYv)

261 Damn. Now I have to get a helmet.
Posted by: RedMindBlueState

I want a picklelhaube.

Posted by: Bulgaroctonus at April 25, 2024 12:45 PM (9yWhg)

262 "Is that good ? I heard the Trump lawyers were awful"

Who did you hear it from? Most opinions expressed by "news" sources are the opposite of what they say.

Posted by: Caesar North of the Rubicon at April 25, 2024 12:45 PM (r5tfK)

263 Think of the deficit as the government printing a dollar without collecting a dollar in taxes.

Think of inflation as the dollar shrinking in value as a result.

Posted by: San Franpsycho at April 25, 2024 12:46 PM (RIvkX)

264 I suspected that Ms Long was not a fan of penis. I was wrong. She is married and has a kid. Her husband is a gay-looking Asian guy. Odd. What is it with these lilly-white AWFLs shacking up with swarthy (that NPR twat) or otherwise non-white guys? Gotta be some kind of virtue-signal.

Don't get me wrong, I've got nothing against dating or marrying outside of your race. Most of the girls I go out with are not white. My last few dates were Dominican, Chinese, Brazilian, and Zulu.

Posted by: Elric Blade at April 25, 2024 12:46 PM (iFTx/)

265 If our Republican Congress had a spine (and wasn’t following Trumps orders) they would cut off all this stimulus that’s propping up the economy.

If there's one thing that Republicans in Congress have shown that they will never turn their back on, it's "following Trumps orders".

Posted by: I used to have a different nic at April 25, 2024 12:46 PM (IUd0M)

266 255 I see the Horde mainly as 29 year old Vikings that are pillaging and scourging our betters. If you see a guy with a horned helmet and wearing a loincloth--they are probably of the Horde.
Posted by: whig at April 25, 2024 12:42 PM

Damn. Now I have to get a helmet.
Posted by: RedMindBlueState at April 25, 2024 12:44 PM (Wnv9h)

And I have to go get a loin cloth...

Posted by: Warai-otoko, horny and swingin' in the breeze at April 25, 2024 12:46 PM (GkFGh)

267 When the burning times come I'm going to make my loincloth from the upholstery of a dead Tesla.

Posted by: fd at April 25, 2024 12:46 PM (vFG9F)

268 I want a picklelhaube.
Posted by: Bulgaroctonus at April 25, 2024 12:45 PM

That doesn't sound kosher.

Posted by: RedMindBlueState at April 25, 2024 12:46 PM (Wnv9h)

269 ZIRP is what saved Obama. No growth, but ultra low interest rates and a stock market that benefited.

I will say I was shocked. We didn’t have any inflation problems under Obama.

Posted by: Benchmark at April 25, 2024 12:47 PM (YZ529)

270 TVs are cheap because the "smart" tvs collect your data and sell it to advertisers. They make far more on that than the price of the TV.
Posted by: Seems Legit at April 25, 2024 12:41 PM (JeYYB)
****"
You should check out our inexpensive laptop deals too!

Posted by: Walmart at April 25, 2024 12:47 PM (DBd2Y)

271 I see the Horde mainly as 29 year old Vikings that are pillaging and scourging our betters. If you see a guy with a horned helmet and wearing a loincloth--they are probably of the Horde.
Posted by: whig at April 25, 2024 12:42 PM

Damn. Now I have to get a helmet.
Posted by: RedMindBlueState at April 25, 2024 12:44 PM (Wnv9h)

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

Wait, you guys are wearing loincloths?

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:47 PM (/JOu+)

272 https://tinyurl.com/2t9u6xmf
Posted by: screaming in digital at April 25, 2024 12:37 PM

Impish, bordering on scamptitude.

Posted by: Duncanthrax at April 25, 2024 12:47 PM (C5+VE)

273 and Zulu
Posted by: Elric Blade

She was always on time. You could set your clock by her.

Posted by: Bulgaroctonus at April 25, 2024 12:47 PM (9yWhg)

274 259 TVs are cheap because the "smart" tvs collect your data and sell it to advertisers. They make far more on that than the price of the TV.
Posted by: Seems Legit at April 25, 2024 12:41 PM (JeYYB)
****
See. No free lunch.

Posted by: torabora at April 25, 2024 12:45 PM (DBd2Y)

That's why you never connected it to the internet or wifi. I like my TVs like my cars; stupid.

Posted by: jim (in Kalifornia) at April 25, 2024 12:47 PM (ynpvh)

275 I'd be okay with plaid if we get a decent reboot of the Olds 442.
Posted by: TexasDan at April 25, 2024 12:35 PM (z/ifB)

Mein Fuhrer, Oldsmobile ... Oldsmobile died 20 years ago.
Posted by: spindrift at April 25, 2024 12:40 PM (OguvZ)

...

I think we'd all agree it died a while before that even.

Posted by: TexasDan at April 25, 2024 12:48 PM (z/ifB)

276 The great thing about quoting Chaucer is that if you fat finger a word everybody just assumes it's an obscure Olde English word.

Posted by: Muldoon at April 25, 2024 12:48 PM (l4B/J)

277 I want a picklelhaube.

You want a picklehaube.

You'd settle for a samurai helmet.

You'll get a sombrero from Tijuana.

Posted by: Archimedes at April 25, 2024 12:48 PM (CsUN+)

278 217 And to cap it all off, or maybe to pop a cap in it, Bai-Den has announced that the feds are now wanting a "zero-emissions freight sector". Apparently they plan to starve us out by making everything too expensive for any but the richest to afford to survive.
----------
Rep. Marjorie Taylor Greene @RepMTG 4h
If you were wondering why AOC was holding hands with Joe Biden? Why she keeps playing ball with Congressional leadership (including Mike Johnson)?

It’s because she just got the Green New Deal!

Joe Biden just announced the Climate Corps (20,000 new federal agents) to police and terrorize the oil industry, the auto industry, and every small business across America.

These new feds will focus on “conservation, green energy and environmental justice work.” In other words, they’ll be coming after you, your car, and your business.

Speaker Johnson could have stopped this in his two-part omnibus in appropriations, but yet again he gave the Democrats everything they wanted.

It’s absolute insanity!

Posted by: andycanuck (vtyCZ) at April 25, 2024 12:48 PM (vtyCZ)

279 Watch for a flurry of media reports on the "Problem of American Obesity".

Food shortages to follow.

Posted by: Paco at April 25, 2024 12:48 PM (njExo)

280 If there's one thing that Republicans in Congress have shown that they will never turn their back on, it's "following Trumps orders".

Posted by: I used to have a different nic at April 25, 2024 12:46 PM (IUd0M)

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

Nominated for early thread-winner.

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:48 PM (/JOu+)

281 "Witness a real Viking funeral!"

Posted by: Anna Puma at April 25, 2024 12:48 PM (Jj0+x)

282 When you buy your in your home Big Brother spying device, don't forget the extended warranty.

Posted by: Extended Warranty at April 25, 2024 12:48 PM (DBd2Y)

283 I understand that I'm a dunce but isn't that treason?
Posted by: Seems Legit at April 25, 2024 12:32 PM (JeYYB)

None dare call it treason if I get a cut of the money allocated.

-- Congress pyrsyn

Posted by: I used to have a different nic at April 25, 2024 12:48 PM (IUd0M)

284 Wait, you guys are wearing loincloths?
Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:47 PM (/JOu+)

...

They go well with chaps.

Posted by: TexasDan at April 25, 2024 12:49 PM (z/ifB)

285 I think they've pretty much debunked that she ever said it. Some anti-Bourbon propogandist made it up. Maybe Voltaire.
Posted by: Bulgaroctonus

Rousseau.

That being said, there is a reason why the elite simply cannot comprehend people who have to work for a living to keep a roof overhead and the lights on. Today's saying would let the poor buy electric cars if they cannot afford a Lamborghini.

Posted by: whig at April 25, 2024 12:49 PM (/AKWf)

286 276 The great thing about quoting Chaucer is that if you fat finger a word everybody just assumes it's an obscure Olde English word.
Posted by: Muldoon at April 25, 2024 12:48 PM (l4B/J)

"I didn't know they used to spell waterfall with a 3!"

Posted by: Warai-otoko at April 25, 2024 12:49 PM (GkFGh)

287 261 Damn. Now I have to get a helmet.
Posted by: RedMindBlueState

I want a picklelhaube.

Posted by: Bulgaroctonus at April 25, 2024 12:45 PM (9yWhg)

My Grandpa took one off a dead German Colonel who got pinned to his bed in the trenches while he slept (Grandpa's company snuck in and caught them unawares). Was lost in a flood back in the 40's. Too bad. Silver-inlaid.

Posted by: jim (in Kalifornia) at April 25, 2024 12:49 PM (ynpvh)

288 Cicada burgers,
Cicada Fries,
Cicada with pineapple,
Cicada fricassee,
Cicada...
Posted by: jim (in Kalifornia)

And introducing -- new Cicada-Flavored Kaboom!

Posted by: Bulgaroctonus at April 25, 2024 12:49 PM (9yWhg)

289 Watch for a flurry of media reports on the "Problem of American Obesity".

Food shortages to follow.

Posted by: Paco at April 25, 2024 12:48 PM (njExo)

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

"Chronic Cricket Protein Malnutrition."

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:49 PM (/JOu+)

290 They go well with chaps.
Posted by: TexasDan
-----
Assless chaps as per AOS style manual.

Posted by: whig at April 25, 2024 12:49 PM (/AKWf)

291 The first economic concept I heard: "Inflation favors the debtor."

And who/what is the world's largest debtor?

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 12:49 PM (HDFv7)

292 I will say I was shocked. We didn’t have any inflation problems under Obama.
Posted by: Benchmark at April 25, 2024 12:47 PM (YZ529)
++++
We sequestered the inflation in foreign trade flows. Foreign trade totals continued to surge during that era, and that required a *lot* of dollars to lubricate. We were able to offshore a lot of our monetary emissions abroad and that helped both hide the problem and delay the reckoning.

But that era is over. Global trade is not growing fast enough to absorb the new emissions, and we've taken various policy steps that encourage non-dollar settlement (our response to the Russia/Ukraine war was very damaging, and radically reduced trust in USD for these purposes. The party ain't over, but it's waning).

There's no place to hide it anymore, and those dollars have to come home while the new emissions have to stay home. This game is over.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:49 PM (HnUIn)

293 One thing we can count on is, the numbers they provided are inflated and it is worse than they are saying.

Posted by: Hatari somewhere on Ventura Highway at April 25, 2024 12:50 PM (NtVYv)

294 183 If we're going back to the 70s, we have to have to stand firmly against the return of plaid pants. I'm just sayin'.
Posted by: RedMindBlueState
---
How about any of these?

https://tinyurl.com/2t9u6xmf
Posted by: screaming in digital at April 25, 2024 12:37 PM (wQXfi)
__________

At least none of the girls had dicks

Posted by: Elric Blade at April 25, 2024 12:50 PM (iFTx/)

295 "I think we'd all agree it died a while before that even.
Posted by: TexasDan"

I'm not quite dead yet!

Oh,

no

I died

Posted by: The Calais at April 25, 2024 12:50 PM (vFG9F)

296 The Chilean army still uses the Pickelhaub.

Posted by: Anna Puma at April 25, 2024 12:50 PM (Jj0+x)

297 "Witness a real Viking funeral!"
Posted by: Anna Puma at April 25, 2024 12:48 PM

See Jews In Space!!!!

Posted by: RedMindBlueState at April 25, 2024 12:50 PM (Wnv9h)

298 Just so we’re clear, Trump is not cutting government spending one penny either.
He’s obviously better than the alternative, but Trump is no small government conservative.
He handily outspent Obama
Posted by: Benchmark at April 25, 2024 12:44 PM (YZ529)

Concur. The federal leviathan will never be tamed until it dies from overconsumption. We can't cut spending as all the federal layabouts on the payroll, all the moochers getting disability this or EBT that, all the defense contractors and fruit salad boys at the pentagon and all the rapists in congress just cannot live with less.

Oh No! Can't have that...cuts will never happen.

Ever.

Posted by: Hairyback Guy at April 25, 2024 12:50 PM (cDEsv)

299 Fifty years ago I sported plaid pants, now I wear no pants. That's progress-that's America.
Posted by: No Book Thread For Me! at April 25, 2024

My wife put a sign on our front door saying, "Hold on, we're probably not wearing pants ". She doesn't know about the Horde pants meme.

Posted by: Beartooth at April 25, 2024 12:50 PM (XT+5H)

300 I think they've pretty much debunked that she ever said it. Some anti-Bourbon propogandist made it up. Maybe Voltaire.

I've seen it attributed to Maria Theresa of Austria which seems more likely.

Posted by: 18-1 at April 25, 2024 12:50 PM (ibTVg)

301 89
This can all be fixed by raising taxes on billionaires!!!
Posted by: Jay in PA
......

and building High Speed Rail !

Posted by: wth at April 25, 2024 12:50 PM (v0R5T)

302 263 Think of the deficit as the government printing a dollar without collecting a dollar in taxes.

Think of inflation as the dollar shrinking in value as a result.

Posted by: San Franpsycho at April 25, 2024 12:46 PM (RIvkX)

Why, can't the Gov't just print money instead of collecting taxes?

::: channeling my inner DU stupidity :::

Posted by: jim (in Kalifornia) at April 25, 2024 12:50 PM (ynpvh)

303 I will say I was shocked. We didn’t have any inflation problems under Obama.

Yeah, it was amazing that we could inflate the money supply for as long as we did before inflation kicked in.

Posted by: The ARC of History! at April 25, 2024 12:50 PM (YAtuc)

304 My Grandpa took one off a dead German Colonel who got pinned to his bed in the trenches while he slept (Grandpa's company snuck in and caught them unawares). Was lost in a flood back in the 40's. Too bad. Silver-inlaid.
Posted by: jim (in Kalifornia)

Wow, cool.

Posted by: Bulgaroctonus at April 25, 2024 12:50 PM (9yWhg)

305 Nah, it’ll be fine.

Posted by: (Not) The Critical Drinker at April 25, 2024 12:50 PM (Obu2X)

306 I want a picklelhaube.

You want a picklehaube.

You'd settle for a samurai helmet.

You'll get a sombrero from Tijuana.
Posted by: Archimedes at April 25, 2024 12:48 PM (CsUN+)

I used to play a game called TeamFortress 2. They were early in the advent of in-game items. In particular, they introduced hats.

At first I thought okay but how many different kinds of hats are there really. The answer is infinity. There are infinity kinds of hats.

Posted by: TexasDan at April 25, 2024 12:51 PM (z/ifB)

307 286 276 The great thing about quoting Chaucer is that if you fat finger a word everybody just assumes it's an obscure Olde English word.
Posted by: Muldoon

To be thoroughly pedantic, Middle English.

Posted by: whig at April 25, 2024 12:51 PM (/AKWf)

308 Inflation is a regressive tax that punishes the working class more than the investing class.

The only winners in an inflationary economy are the owners of real assets, like oligarchs, landowners, homeowners, utilities.

Posted by: San Franpsycho at April 25, 2024 12:51 PM (RIvkX)

309 Democrats are like a chess player with a beautiful 75 move checkmate planned that is immediately upset when the Universe makes the one move their plan cannot counter.

Then they try to change the rules or argue that move was 'illegal'.

Posted by: JB1000 at April 25, 2024 12:51 PM (mRTZb)

310 264 I suspected that Ms Long was not a fan of penis. I was wrong. She is married and has a kid. Her husband is a gay-looking Asian guy. Odd. What is it with these lilly-white AWFLs shacking up with swarthy (that NPR twat) or otherwise non-white guys? Gotta be some kind of virtue-signal.

Don't get me wrong, I've got nothing against dating or marrying outside of your race. Most of the girls I go out with are not white. My last few dates were Dominican, Chinese, Brazilian, and Zulu.

Posted by: Elric Blade at April 25, 2024 12:46 PM (iFTx/)

Zulu, eh? Sounds like she was a feisty one.

Posted by: jim (in Kalifornia) at April 25, 2024 12:51 PM (ynpvh)

311 259 TVs are cheap because the "smart" tvs collect your data and sell it to advertisers. They make far more on that than the price of the TV.
Posted by: Seems Legit

That reminds me, I need to change the art on my Frame to a more spring and summer like piece!

Posted by: Piper at April 25, 2024 12:51 PM (ZdaMQ)

312 There's no place to hide it anymore, and those dollars have to come home while the new emissions have to stay home. This game is over.
Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:49 PM (HnUIn)

Or has it just begun ? - Queensryche ref, shhhh !

Posted by: Hatari somewhere on Ventura Highway at April 25, 2024 12:51 PM (NtVYv)

313 This can all be fixed by raising taxes on billionaires!!!

And you know it will be because the congress voting on those tax increases were selected by those same billionaires!

Posted by: 18-1 at April 25, 2024 12:51 PM (ibTVg)

314 Foreign trade totals continued to surge during that era, and that required a *lot* of dollars to lubricate. We were able to offshore a lot of our monetary emissions abroad and that helped both hide the problem and delay the reckoning.

But that era is over. Global trade is not growing fast enough to absorb the new emissions

Dang, lubrication, emissions...what school of economics did you attend?

Posted by: Archimedes at April 25, 2024 12:52 PM (CsUN+)

315 268 I want a picklelhaube.
Posted by: Bulgaroctonus at April 25, 2024 12:45 PM

That doesn't sound kosher.

Posted by: RedMindBlueState at April 25, 2024 12:46 PM (Wnv9h)

It's Kaiser, not Kosher.

Posted by: jim (in Kalifornia) at April 25, 2024 12:52 PM (ynpvh)

316 My Grandpa took one off a dead German Colonel who got pinned to his bed in the trenches while he slept (Grandpa's company snuck in and caught them unawares). Was lost in a flood back in the 40's. Too bad. Silver-inlaid.
Posted by: jim (in Kalifornia)

Wow, cool.
Posted by: Bulgaroctonus at April 25, 2024 12:50 PM (9yWhg)

Props to whoever grabbed the pickelhaub to ride out the flood though. Tragic maybe, but stylish.

Posted by: TexasDan at April 25, 2024 12:52 PM (z/ifB)

317 Rousseau.

That being said, there is a reason why the elite simply cannot comprehend people who have to work for a living to keep a roof overhead and the lights on. Today's saying would let the poor buy electric cars if they cannot afford a Lamborghini.

Posted by: whig at April 25, 2024 12:49 PM (/AKWf)

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

And when the economy and society collapse after a CBDC is instituted: "Let them eat their Digital Wallets if not their Teslas."

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:52 PM (/JOu+)

318 "I'm all for cutting federal spending, as long as I still get mine."
---
It's the over 65 crowd that should be screaming the loudest to stop the spending and inflation.
Because they are the very, very last--if at all-- that can go back to work.

And yet, polls show they support Biden the most.

I guess they figure they'll kick the bucket before the music stops ....

Posted by: People's Hippo Voice at April 25, 2024 12:52 PM (yikga)

319 There's no place to hide it anymore, and those dollars have to come home while the new emissions have to stay home. This game is over.
Posted by: Joe Mannix (Not a cop!) a
-----
Yep. Thoroughly agree.

Posted by: whig at April 25, 2024 12:52 PM (/AKWf)

320 My last few dates were Dominican, Chinese, Brazilian, and Zulu.

Are you just happy to see me or is that an Iklwa in your pocket?

Posted by: 18-1 at April 25, 2024 12:53 PM (ibTVg)

321 So, when the Kaiser was resident in Berlin, was he a jelly roll?

Posted by: Bulgaroctonus at April 25, 2024 12:53 PM (9yWhg)

322 Don't comment on old threads.
Posted by: Bulgaroctonus

*********

Props!

Posted by: Muldoon at April 25, 2024 12:53 PM (l4B/J)

323 Four more years! Pause...

Posted by: An idiot at April 25, 2024 12:54 PM (AXJ6N)

324 313 This can all be fixed by raising taxes on billionaires!!!

And you know it will be because the congress voting on those tax increases were selected by those same billionaires!

Posted by: 18-1 at April 25, 2024 12:51 PM (ibTVg)

Whoa! Isn't this a Democrat attempt at populism (gasp)? Two-faced scumbags. As always.

Posted by: Gref at April 25, 2024 12:54 PM (5fDan)

325 I can attest as a guy who sells food to people yeah, the economy is generally fucked.

Posted by: LenNeal at April 25, 2024 12:54 PM (9yXr+)

326 And when the economy and society collapse after a CBDC is instituted: "Let them eat their Digital Wallets if not their Teslas."
Posted by: ShainS
-----
Tis most lamentably true.

Posted by: whig at April 25, 2024 12:54 PM (/AKWf)

327 286 276 The great thing about quoting Chaucer is that if you fat finger a word everybody just assumes it's an obscure Olde English word.
Posted by: Muldoon at April 25, 2024 12:48 PM (l4B/J)

"I didn't know they used to spell waterfall with a 3!"

Posted by: Warai-otoko at April 25, 2024 12:49 PM (GkFGh)

Twas an old English letter not obsolete.

Posted by: jim (in Kalifornia) at April 25, 2024 12:54 PM (ynpvh)

328 Dang, lubrication, emissions...what school of economics did you attend?
Posted by: Archimedes at April 25, 2024 12:52 PM (CsUN+)
++++
My senior thesis was titled:
Economic Entendre: Vocabulary and its effects on economic literature, with four approaches to improving general demand for economic discourse

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:54 PM (HnUIn)

329 318 It's the over 65 crowd that should be screaming the loudest to stop the spending and inflation.
Because they are the very, very last--if at all-- that can go back to work.

And yet, polls show they support Biden the most.

I guess they figure they'll kick the bucket before the music stops ....
Posted by: People's Hippo Voice at April 25, 2024 12:52 PM (yikga)

=======

"Just give me my social security check and keep my drugs low cost, and I'll vote any way you like."

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 12:55 PM (GBKbO)

330 295 "I think we'd all agree it died a while before that even.
Posted by: TexasDan"

I'm not quite dead yet!

Oh,

no

I died

Posted by: The Calais at April 25, 2024 12:50 PM (vFG9F)

Just pining for the Fords.

Posted by: jim (in Kalifornia) at April 25, 2024 12:55 PM (ynpvh)

331 "I didn't know they used to spell waterfall with a 3!"

Posted by: Warai-otoko at April 25, 2024 12:49 PM (GkFGh)

Twas an old English letter not obsolete.
Posted by: jim (in Kalifornia)

yogh

Posted by: Bulgaroctonus at April 25, 2024 12:55 PM (9yWhg)

332 Dang, lubrication, emissions...what school of economics did you attend?
Posted by: Archimedes at April 25, 2024 12:52 PM

The Ribbed For Her Pleasure School.

Posted by: Paolo at April 25, 2024 12:55 PM (C5+VE)

333 Send in the scoops.

Posted by: Deplorable Ian Galt at April 25, 2024 12:55 PM (3wEtP)

334 Now, I can trot on over to Manhattan Contrarian, that bastion of Fiscal Conservatives who seem to believe they can talk sense to a mythical swayable people, also known as the Squishy Middle, who may believe in money as a medium of exchange instead of Magic and Alchemy, but I'm not going to bother.

Nope.

Posted by: LenNeal at April 25, 2024 12:56 PM (9yXr+)

335 I will say I was shocked. We didn’t have any inflation problems under Obama.

Yeah, it was amazing that we could inflate the money supply for as long as we did before inflation kicked in.

Posted by: The ARC of History! at April 25, 2024 12:50 PM (YAtuc)

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

All that inflation was exported to foreign countries. And when the U.S. Dollar ceases to be the World's Reserve Currency (#Soon), all those dollars will come flooding back -- causing hyperinflation (think Wiemar and Zimbabwe).

Long wheelbarrows ...

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:56 PM (/JOu+)

336
Whoa! Isn't this a Democrat attempt at populism (gasp)? Two-faced scumbags. As always.

Well...my point was that the current members of the Dems and GOPe are hand selected by the same billionaires that the left claims to want to tax...and yet somehow these always managed to tax the somewhat lower, unpoliticaly connected, cohorts.

Basically they promise to soak Bezos and yet instead they always hit the guy running a small business taking home $250K-$1M. Because higher then that and you can start buying Dem or GOPe politicians...

Posted by: 18-1 at April 25, 2024 12:56 PM (ibTVg)

337 It's going to be interesting to see what the UAW and Musk are going to do when the Chinese EV's hit the US shores via Sweden.
https://shorturl.at/kDJX6
Posted by: sidney at April 25, 2024 12:43 PM (Uy/WF)

Pretty sure that's vaporware. The Volvo/Geely marriage has been rocky.

Posted by: Alberta Oil Peon at April 25, 2024 12:56 PM (tkR6S)

338 324 313 This can all be fixed by raising taxes on billionaires!!!

And you know it will be because the congress voting on those tax increases were selected by those same billionaires!

Posted by: 18-1 at April 25, 2024 12:51 PM (ibTVg)

Whoa! Isn't this a Democrat attempt at populism (gasp)? Two-faced scumbags. As always.
Posted by: Gref

The latest half brained idea to loot the productive classes is the idea of taxing unrealized capital gains. That is if you received a house from Pop Pop that he spent 50k on in 1970's and that house is now worth 150k due primarily to inflation caused by big gubmint, then you should have to pay taxes on the 100k gain when you received the asset via estate as income.

This greases the upper class in stealing wealth because they will hide theirs in trusts etc. while the poors will have to sell their assets to pay the tax bills.

Posted by: whig at April 25, 2024 12:57 PM (/AKWf)

339 Aren't all chaps assless chaps?

Posted by: reason at April 25, 2024 12:57 PM (s3On1)

340 Well, off to my phlebotomy appointment. Later, All.

Posted by: Bulgaroctonus at April 25, 2024 12:57 PM (9yWhg)

341 I don't know about anyone else but, I've recently been having sexual knowledge with my gold bars and coins.

Is that wrong?

Posted by: Maj. Healey at April 25, 2024 12:57 PM (aFNOf)

342 To be thoroughly pedantic, Middle English.
Posted by: whig

********

Thanks Cliff!

Posted by: Muldoon at April 25, 2024 12:57 PM (l4B/J)

343 Pretty sure that's vaporware. The Volvo/Geely marriage has been rocky.
Posted by: Alberta Oil Peon
=====
You can depend on old Sid, whatever is said by it, believe the opposite is reality.

Posted by: whig at April 25, 2024 12:58 PM (/AKWf)

344 Aren't all chaps assless chaps?
Posted by: reason at

and how!
-Mayor Pete

Posted by: BruceWayne at April 25, 2024 12:58 PM (CIS44)

345 335 I will say I was shocked. We didn’t have any inflation problems under Obama.

Yeah, it was amazing that we could inflate the money supply for as long as we did before inflation kicked in.

Posted by: The ARC of History! at April 25, 2024 12:50 PM (YAtuc)

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

All that inflation was exported to foreign countries. And when the U.S. Dollar ceases to be the World's Reserve Currency (#Soon), all those dollars will come flooding back -- causing hyperinflation (think Wiemar and Zimbabwe).

Long wheelbarrows ...

Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:56 PM (/JOu+)

Okay, I don't want this to be a Long Wheelbarrow vs Cross Wheelbarrow thread...

Posted by: jim (in Kalifornia) at April 25, 2024 12:58 PM (ynpvh)

346 This greases the upper class in stealing wealth because they will hide theirs in trusts etc. while the poors will have to sell their assets to pay the tax bills.
Posted by: whig at April 25, 2024 12:57 PM (/AKWf)

It also forces the sale especially of ranches and farms. Family run farm and ranch enterprises will end within a generation.

Posted by: TexasDan at April 25, 2024 12:58 PM (z/ifB)

347 Thanks Cliff!
Posted by: Muldoon
=======
Your penance is to read the Miller's Tale again.

Posted by: whig at April 25, 2024 12:58 PM (/AKWf)

348 339 Aren't all chaps assless chaps?

Posted by: reason at April 25, 2024 12:57 PM (s3On1)

Until someone puts their ass in it...

Posted by: jim (in Kalifornia) at April 25, 2024 12:59 PM (ynpvh)

349 339 Aren't all chaps assless chaps?
Posted by: reason at April

Yes.

Posted by: Piper at April 25, 2024 12:59 PM (ZdaMQ)

350 It's going to be interesting to see what the UAW and Musk are going to do when the Chinese EV's hit the US shores via Sweden.
https://shorturl.at/kDJX6
Posted by: sidney at April 25, 2024 12:43 PM (Uy/WF)
++++
It's already happened. The "Polestar" brand - which is part of Volvo - is already in the US, and has been for years. It is a "premium" car that competes directly against Tesla. It isn't a huge market, but it's already here and Polestar has been building out its service and parts network. The cars are also made in China.

All this move means to me is that Volvo is confident it has the kinks worked out enough to move down-market into Volvo's segment and have the service and parts capacity to deal with it. I suspect that Polestar was the beta test, and it's worked out well enough that they're ready to expand.

Posted by: Joe Mannix (Not a cop!) at April 25, 2024 12:59 PM (HnUIn)

351 Aren't all chaps assless chaps?
Posted by: reason at April 25, 2024 12:57 PM (s3On1)

...

Welcome to AOSHq mind the barrel over there.

Posted by: TexasDan at April 25, 2024 12:59 PM (z/ifB)

352
The latest half brained idea to loot the productive classes is the idea of taxing unrealized capital gains.

The amount of damage that idea would reek is amazing. In my area real estate prices have exploded and as you point out all those people that inherited their parent's house are going to have to sell and move.

They are doing the same thing with property taxes, though slower.

Posted by: 18-1 at April 25, 2024 12:59 PM (ibTVg)

353 Not a humblebrag. I made more than I have ever made last year in my 40 year career, way more. The tax bill really knocked down my expectations of the new income.

A real bummer, an insane amount. Oof

Posted by: Hatari somewhere on Ventura Highway at April 25, 2024 01:00 PM (NtVYv)

354 And the estima2025 ted COLA for Social Security for 2025 is a whopping 2.6%

Posted by: JM in Ill -- Behold the Manchurian Candidate at April 25, 2024 01:00 PM (bD7I/)

355 Just donated a truck to Vehicles for Veterans. Hope they can afford the gas to come pick it up.

Posted by: wth at April 25, 2024 01:01 PM (v0R5T)

356 Aren't all chaps assless chaps?
Posted by: reason at April 25, 2024 12:57 PM (s3On1

Not if they're on backwards...

Posted by: Warai-otoko at April 25, 2024 01:01 PM (GkFGh)

357 It also forces the sale especially of ranches and farms. Family run farm and ranch enterprises will end within a generation.
Posted by: TexasDan
======
Yep. All to the point of corps and trusts of the wealthy picking up assets on the cheap.

I never envied the rich but I am coming to the realization that unless the bien pensant rich are neutered as a political class that they will steadily make my life worse on behalf of their greed disguised as compassion.

Posted by: whig at April 25, 2024 01:01 PM (/AKWf)

358 "Just give me my social security check and keep my drugs low cost, and I'll vote any way you like."
Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda'

Exactly. In Mid America Stasis Land, made up of old people living on pensions and Medi-whatever, that is all they care about.

I sometimes ask, 'Do these decrepit people I see flirting with each other at McDonalds at 7:00 in the morning making overtures to each other involving their chronic, degenerative illnesses, believe they somehow they will never die? What have they done, what metaphysical preparations have they made?'

Posted by: LenNeal at April 25, 2024 01:01 PM (9yXr+)

359 356 Aren't all chaps assless chaps?
Posted by: reason at April 25, 2024 12:57 PM (s3On1

Not if they're on backwards...

Posted by: Warai-otoko at April 25, 2024 01:01 PM (GkFGh)

Would that make it a dickless chap? Tranny chap?

Posted by: jim (in Kalifornia) at April 25, 2024 01:01 PM (ynpvh)

360 They are really trying to stop the motor of the world.

Posted by: Deplorable Ian Galt at April 25, 2024 01:02 PM (3wEtP)

361 They are supposed to say that the GDP came in "Hot" and smashed some analysts expectations.

Posted by: Cat Ass Trophy at April 25, 2024 01:02 PM (PHukT)

362 Aren't all chaps assless chaps?
Posted by: reason at April 25, 2024 12:57 PM (s3On1)'

Beat me to it.

And yes.

Posted by: LenNeal at April 25, 2024 01:02 PM (9yXr+)

363 One very serious ongoing problem is economic disparity and too many small businesses. We are announcing a plan, called "Operation Kulak" to seize all businesses bigger than $1 million in sales, unless owned by a registered Party Member. Republicans still living after Operation Kulak goes into full production will be exiled to work on state enterprises in Alaska.

Income disparity will disappear under our plan, and the middle class will finally get what's coming to them.

Posted by: The Junta, looking for some understanding at April 25, 2024 01:02 PM (0yg/c)

364 ren't all chaps assless chaps?
Posted by: reason at April 25, 2024 12:57 PM (s3On1

Not if they're on backwards...

Posted by: Warai-otoko at

I think thats how DOCTOR Jill wear them so she accommodate her strap-on

Posted by: BruceWayne at April 25, 2024 01:02 PM (CIS44)

365 361 They are supposed to say that the GDP came in "Hot" and smashed some analysts expectations.

Posted by: Cat Ass Trophy at April 25, 2024 01:02 PM (PHukT)

Hah! Your hash is F*cked. LOL

Posted by: jim (in Kalifornia) at April 25, 2024 01:02 PM (ynpvh)

366 I just saw a story Legal Insurrection that Columbia students are asking for a refund since they can’t go to class. lol.

Posted by: Piper at April 25, 2024 01:02 PM (ZdaMQ)

367 From Insty:
"The difference between science and social science boils down to prediction. On Sept. 26, 2022, a NASA rocket hit the target at which it was aiming, a 560-foot diameter asteroid some 6.8 million miles from Earth.

In the same month, the Fed missed its target for the consumer-price index; inflation registered 8.2%, some six percentage points higher than the 2% reading at which the central bank was taking aim. Behold physics—and behold economics."

Posted by: Archimedes at April 25, 2024 01:02 PM (CsUN+)

368 Some analysts predicted a 10% contraction, so this 1.6 number is hot and smashed expectations! Go Joe!

Posted by: Cat Ass Trophy at April 25, 2024 01:03 PM (PHukT)

369 They are supposed to say that the GDP came in "Hot" and smashed some analysts expectations.
Posted by: Cat Ass Trophy at April 25, 2024 01:02 PM (PHukT

Biff. Bang. Ker-chonk.

Posted by: Warai-otoko at April 25, 2024 01:03 PM (GkFGh)

370 The amount of damage that idea would reek is amazing.

It would absolutely crash the economy.

Someone noted an example - you are someone working in a tech company who gets shares in an IPO.

The IPO happens, and you immediately have to sell a quarter of your shares to pay the tax bill, along with all other IPO shareholders.

What do you think happens to the stock price?

Posted by: The ARC of History! at April 25, 2024 01:03 PM (YAtuc)

371 Rooting for a poor economy just so you can implement fascism. So patriotic!

Too bad the economy is better than it's been since 2016.

Posted by: Sid at April 25, 2024 01:03 PM (sPcaX)

372 Oh, and now that the Ukrainians are refusing to renew passports and provide other consular services to Ukrainian males living abroad, the Poles have said that they will "assist" Ukraine in returning Ukrainian males in Poland back to Ukraine, so they can be drafted into the army.

Posted by: The ARC of History! at April 25, 2024 12:43 PM (YAtuc)

If someone were to make the assertion that the goal of the west in regards to the Russo/Ukraine war is to ensure the annihilation of the male half of the Ukrainian population, it would be hard to argue against.

Posted by: I used to have a different nic at April 25, 2024 01:03 PM (IUd0M)

373 It's easy to bust on Social Security recipients

Right up to the day when you too start drawing a monthly benefit

Posted by: Don Black at April 25, 2024 01:03 PM (/7KEl)

374 The IPO happens, and you immediately have to sell a quarter of your shares to pay the tax bill, along with all other IPO shareholders.

What do you think happens to the stock price?
Posted by: The ARC of History!

And THEN the realized capital gains tax on those shares

Posted by: BruceWayne at April 25, 2024 01:04 PM (CIS44)

375 Damn, too bad I can't lock that hash down

Posted by: Cat Ass Trophy at April 25, 2024 01:04 PM (PHukT)

376 New thread

Posted by: Zombie Breitbart at April 25, 2024 01:04 PM (0+kTp)

377 Trump didn't have to cut government spending because his tax cuts, deregulation, eneregy policies created wealth resulting in more revenue.
It was Biden's crazy energy policies that started the ball rolling. Cutting off oil and gas production here benefitted Russia, made them rich enough to go to war with Ukraine. Benefitted Iran and caused the uprising in the Middle East.
Strangled industries here and caused inflation.
Cheap energy priduces prosperous societies that can afford to be profligate.
This has been squandered.

Posted by: sharon(willow's apprentice) at April 25, 2024 01:04 PM (t/2Uw)

378 Also, for the young'uns, fentanyl is now so incredibly cheap it has almost eliminated junkie crime. You know, strungouts who will steal a potted plant off your porch, that is gone.
Fettie is so ubiquitous it is barely a commodity.
You can stay mortally fucked up for almost nothing.

Posted by: LenNeal at April 25, 2024 01:04 PM (9yXr+)

379 Undernood

Posted by: ... at April 25, 2024 01:04 PM (rAQ0h)

380 If someone were to make the assertion that the goal of the west in regards to the Russo/Ukraine war is to ensure the annihilation of the male half of the Ukrainian population, it would be hard to argue against.

Can't get Ukrainian "refugees" girls/sex workers if their father is still alive and supporting the family...

Posted by: 18-1 at April 25, 2024 01:05 PM (ibTVg)

381 Some anti-Bourbon propogandist made it up. Maybe Voltaire.
Posted by: Bulgaroctonus at April 25, 2024 12:43 PM (9yWhg)

I didn't know Voltaire was a Scot.

Posted by: I used to have a different nic at April 25, 2024 01:05 PM (IUd0M)

382 >Damn, too bad I can't lock that hash down

Posted by: Cat Ass Trophy at April 25, 2024 01:04 PM (PHukT)
---

f***it
that's classic

Posted by: Don Black at April 25, 2024 01:05 PM (/7KEl)

383 The left loves projection and gaslighting. I mean they must really enjoy it. It's like a beloved hobby.

Posted by: Seems Legit at April 25, 2024 01:05 PM (JeYYB)

384 373 It's easy to bust on Social Security recipients

Right up to the day when you too start drawing a monthly benefit

Posted by: Don Black at April 25, 2024 01:03 PM (/7KEl)

As is with Ponzi scams, the first to collect get more out than they put in. The rest of us who haven't yet retired (younger 29) will get schlonged. But at least we'll have our 401K's right? Right? The Left would NEVER touch those, RIGHT?!

Posted by: jim (in Kalifornia) at April 25, 2024 01:05 PM (ynpvh)

385 375 Damn, too bad I can't lock that hash down

Posted by: Cat Ass Trophy at April 25, 2024 01:04 PM (PHukT)

And appropriate as upthread talked about screwing the dead-cat bounce. LOL

Posted by: jim (in Kalifornia) at April 25, 2024 01:05 PM (ynpvh)

386 373 It's easy to bust on Social Security recipients

Right up to the day when you too start drawing a monthly benefit
Posted by: Don Black at April 25, 2024 01:03 PM (/7KEl)

=======

I only bust on them to demonstrate how there is no electorate for actually cutting spending.

"Cut theirs, not mine," is 99% of fiscal conservatism.

Apply that to government employees and their checks, contractors and their, well, contracts, or to Medicaid recipients and their "healthcare".

Remember "Get the government's hands off my Medicare"?

Posted by: TheJamesMadison, fighting kaiju with Ishiro Honda at April 25, 2024 01:06 PM (GBKbO)

387 Damn, too bad I can't lock that hash down
Posted by: Cat Ass Trophy at April 25, 2024 01:04 PM (PHukT)

It's perfect. Properly PHukT

Posted by: Hatari somewhere on Ventura Highway at April 25, 2024 01:06 PM (NtVYv)

388 What do you think happens to the stock price?
Posted by: The ARC of History! at April 25, 2024 01:03 PM (YAtuc)

Gotta love it when a plan really comes together!

And besides, gasoline prices in my area only went up 1% for each[b/] of the three most recent weekends.

Posted by: Commissar Hrothgar (hOUT3) ~ This year in Corsicana - again! ~ at April 25, 2024 01:06 PM (hOUT3)

389 Just so we’re clear, Trump is not cutting government spending one penny either.

He’s obviously better than the alternative, but Trump is no small government conservative.

He handily outspent Obama
Posted by: Benchmark at April 25, 2024 12:44 PM (YZ529)

And why was that? Do you recall?

Posted by: I used to have a different nic at April 25, 2024 01:06 PM (IUd0M)

390 I just saw a story Legal Insurrection that Columbia students are asking for a refund since they can’t go to class. lol.
Posted by: Piper'

Find your ring?

Posted by: LenNeal at April 25, 2024 01:06 PM (9yXr+)

391 If someone were to make the assertion that the goal of the west in regards to the Russo/Ukraine war is to ensure the annihilation of the male half of the Ukrainian population, it would be hard to argue against.

The arms companies get rich, and the Ukrainians get slaughtered.

What's not to like?

Nothing says "high morale" like trying to force male Ukrainians living abroad back to Ukraine, so they can be immediately drafted into the army.

Posted by: The Deep State! at April 25, 2024 01:07 PM (YAtuc)

392 You can depend on old Sid, whatever is said by it, believe the opposite is reality.
Posted by: whig at April 25, 2024 12:58 PM (/AKWf)

I don't think "sidney" is "sid". If they are, it's two different aspects of trollitude.

Posted by: Alberta Oil Peon at April 25, 2024 01:07 PM (tkR6S)

393 The Chilean army still uses the Pickelhaub.
Posted by: Anna Puma at April 25, 2024 12:50 PM (Jj0+x)

As does the Colombian Presidential Guard.

Posted by: Kindltot at April 25, 2024 01:07 PM (D7oie)

394 Average Joe's economic indicators:

Bank balance at or near the end of the month.
Tires on his wife's car with 20% tread left that cost 35% more then his last purchase.
Check engine light on his car that's been on for over a month but he's still paying for his kids broken arm.
The Dow is a terrible economic indicator.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:08 PM (hKZ+8)

395 You could have a 100% tax on income, wealth, property and capital gains.

And the rich will still not pay any more taxes than they are paying now.

No one at DU will ever be able to figure that one out.

Posted by: People's Hippo Voice at April 25, 2024 01:09 PM (yikga)

396 It's easy to bust on Social Security recipients

Right up to the day when you too start drawing a monthly benefit

If you retired after 2015 or so, you paid more money into the Social Security system than you are forecasted to get back in benefits.

One of the key functions of Social Security is to provide cheap financing for Federal deficits, at the expense of retirees.

Posted by: The Deep State! at April 25, 2024 01:09 PM (YAtuc)

397 If you want to guilt me for planning for my final years, and taking benefits due me, you're barking up the wrong tree

Posted by: Don Black at April 25, 2024 01:09 PM (/7KEl)

398 394 Average Joe's economic indicators:

Bank balance at or near the end of the month.
Tires on his wife's car with 20% tread left that cost 35% more then his last purchase.
Check engine light on his car that's been on for over a month but he's still paying for his kids broken arm.
The Dow is a terrible economic indicator.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:08 PM (hKZ+

Dowsing is more accurate.

Posted by: jim (in Kalifornia) at April 25, 2024 01:09 PM (ynpvh)

399 Zulu, eh? Sounds like she was a feisty one.
Posted by: jim (in Kalifornia) at April 25, 2024 12:51 PM (ynpvh)

Released his Chaka for him, I expect

Posted by: Kindltot at April 25, 2024 01:09 PM (D7oie)

400 1. Import millions of people illegally
2. Borrow money to provide food, shelter, clothing, and medical care to them.
3. Call it economic growth.

Posted by: Emmett Milbarge at April 25, 2024 01:10 PM (5IFb9)

401 369 They are supposed to say that the GDP came in "Hot" and smashed some analysts expectations.
Posted by: Cat Ass Trophy at April 25, 2024 01:02 PM (PHukT

Biff. Bang. Ker-chonk.

Posted by: Warai-otoko at April 25, 2024 01:03 PM (GkFGh)

I bet all my quatloos that the Junta will call this Historic Positive News and Continued Proof that Bidenomics Works for All Americans!

Based on a statistic they'll find buried in the report, or that White House Interns will create out of whole cloth.

Posted by: Gref at April 25, 2024 01:10 PM (5fDan)

402 Check engine light on his car that's been on for over a month'

I take this one personally. I don't have mandatory inspections. I bought this car 6 years ago and it's been on the whole time. Those bulbs last a long time.

Posted by: LenNeal at April 25, 2024 01:10 PM (9yXr+)

403 I have big problems with some of you people.

Posted by: Mike Johnson at April 25, 2024 01:10 PM (aFNOf)

404 Words like "recession" and "bloodbath" are constantly being changed to take advantage of more useful definitions.

Posted by: SMOD at April 25, 2024 01:11 PM (RHGPo)

405 And the rich will still not pay any more taxes than they are paying now.

These idiots think that rich people actually paid the theoretical 80% marginal tax rate under Eisenhower.

Posted by: The ARC of History! at April 25, 2024 01:11 PM (YAtuc)

406 picked a bad week to start investing

and don't call me Shirley

Posted by: yikes at April 25, 2024 01:11 PM (us2H3)

407 4 MO YEZ POZ

Posted by: vmom stabby stabby stabby stabby stabamillion at April 25, 2024 01:11 PM (n/1xr)

408 Dowsing is more accurate.
Posted by: jim (in Kalifornia)

I'm stealing that one.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:11 PM (hKZ+8)

409 And why was that? Do you recall?
Posted by: I used to have a different nic

People with intentionally bad memory did not note that Trump's initial budget did have substantial cuts but GOPe led by Lyin Ryan and Bitch McConnell promptly ignored it and furthermore continued the no budget resolution approach followed by the Dems since 2010. That meant 2010 increases by Obammy were still baked into the cake.

Most people don't really understand the budget nor how Congress magically makes items disappear by calling them contingencies which means off the books.

Easier to simply blame Trump.

Posted by: whig at April 25, 2024 01:11 PM (/AKWf)

410 That meant 2010 increases by Obammy were still baked into the cake.

--

($800B "one time stimulus" has entered the chat)

Posted by: Moron Robbie - feminism took women from not sweating to tits and vagina deodorant in a generation at April 25, 2024 01:13 PM (9Ct69)

411 One of the key functions of Social Security is to provide cheap financing for Federal deficits, at the expense of retirees.
Posted by: The Deep State!
=======
LBJ in Hell lets out a Heh.

Posted by: whig at April 25, 2024 01:13 PM (/AKWf)

412 All that inflation was exported to foreign countries. And when the U.S. Dollar ceases to be the World's Reserve Currency (#Soon), all those dollars will come flooding back -- causing hyperinflation (think Wiemar and Zimbabwe).

Long wheelbarrows ...
Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:56 PM (/JOu+)

The first time this happened was under the Yuan dynasty when the paper currency was overprinted so much that its collapse economically wrecked central Asia

Posted by: Kindltot at April 25, 2024 01:14 PM (D7oie)

413 It could be worse. We could be the Chinese. They still think we're going to pay them pack.

Posted by: Bilwis Devourer of Innocent Souls, I'm starvin' over here at April 25, 2024 01:16 PM (z+89e)

414 Those bulbs last a long time.
Posted by: LenNeal

Sounds like the Ford Windstar I bought. Found out after I bought it, that it had the record for most recall notices. Drove that thing for 2 years until the reverse solonoid went out one night. Gave it to a lady at church who's son worked at a Transmission shop.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:16 PM (hKZ+8)

415 412 All that inflation was exported to foreign countries. And when the U.S. Dollar ceases to be the World's Reserve Currency (#Soon), all those dollars will come flooding back -- causing hyperinflation (think Wiemar and Zimbabwe).

Long wheelbarrows ...
Posted by: ShainS -- Blood-Bath-and-Beyond angel investor at April 25, 2024 12:56 PM (/JOu+)

The first time this happened was under the Yuan dynasty when the paper currency was overprinted so much that its collapse economically wrecked central Asia

Posted by: Kindltot at April 25, 2024 01:14 PM (D7oie)

I thought it was that Greek guy that owed a debt, so recalled all the coinage under penalty of death, restamped it to a higher denomination, and paid the bill. This of course caused automatic inflation...
But maybe you're talking Weimer-level and Hungarian Pengo level inflation...

Posted by: jim (in Kalifornia) at April 25, 2024 01:17 PM (ynpvh)

416
I take this one personally. I don't have mandatory inspections. I bought this car 6 years ago and it's been on the whole time. Those bulbs last a long time.

Posted by: LenNeal at April 25, 2024 01:10 PM

a $15 code reader from Walmart can clear that right up

Posted by: AltonJackson at April 25, 2024 01:17 PM (bEb2S)

417 366 I just saw a story Legal Insurrection that Columbia students are asking for a refund since they can’t go to class. lol.
Posted by: Piper at April 25, 2024 01:02 PM (ZdaMQ)

I would if my kid's college pulled this stunt...you can't just cancel science lab time at the end of the semester...

Posted by: Nova Local at April 25, 2024 01:18 PM (exHjb)

418 I only bust on them to demonstrate how there is no electorate for actually cutting spending.

"Cut theirs, not mine," is 99% of fiscal conservatism.

Apply that to government employees and their checks, contractors and their, well, contracts, or to Medicaid recipients and their "healthcare".

Remember "Get the government's hands off my Medicare"?
Posted by: TheJamesMadison

Never forget. SS monies were taken at gunpoint. No one else's were.

Posted by: rickb223 at April 25, 2024 01:18 PM (Jxvt5)

419 Thank goodness they increased the chocolate rations

Posted by: Gaff at April 25, 2024 01:18 PM (jPS2y)

420 Don't know if it has been stated, but that 1.6% will be revised downward in about a month.

Guaranteed.

Posted by: Adirondack Patriot at April 25, 2024 01:19 PM (lf83v)

421 a $15 code reader from Walmart can clear that right up
Posted by: AltonJackson'

I did run the codes and it wasn't anything serious so whatever. 6 years.

Posted by: LenNeal at April 25, 2024 01:19 PM (9yXr+)

422 The trend is your friend.

If we lived in pre-Communist America, Biden would be doomed.

Posted by: Ted Torgerson at April 25, 2024 01:19 PM (v+mv3)

423 I am guessing we just aren't economically sophisticated enough to appreciate this growth?

Posted by: blaster at April 25, 2024 01:19 PM (xhfG9)

424 I just saw a story Legal Insurrection that Columbia students are asking for a refund since they can’t go to class. lol.
_________

Is there a college major known as Go Fuck Yourself Studies?

If not, there should be.

Posted by: Adirondack Patriot at April 25, 2024 01:20 PM (lf83v)

425 I take this one personally. I don't have mandatory inspections. I bought this car 6 years ago and it's been on the whole time. Those bulbs last a long time.

Posted by: LenNeal at April 25, 2024 01:10 PM

a $15 code reader from Walmart can clear that right up
Posted by: AltonJackson

Not always. My mechanic can't get mine to stay off for any reason other than to replace the $300 part. Car runs fine as is.

Posted by: rickb223 at April 25, 2024 01:20 PM (Jxvt5)

426 within 10 years, probably less

all spending will have to take a 25-30% haircut

and it is not up for discussion, it will happen

Posted by: yikes at April 25, 2024 01:20 PM (us2H3)

427 423 I am guessing we just aren't economically sophisticated enough to appreciate this growth?

Posted by: blaster at April 25, 2024 01:19 PM (xhfG9)

Obama believes this is growth. He's been told that
::: making measurment gesture with thumb and forefinger :::
is 6".

Posted by: jim (in Kalifornia) at April 25, 2024 01:21 PM (ynpvh)

428 I do however need to look up the type of bulb used in Check Engine lights solely for their longevity.

6 YEARS?

Posted by: LenNeal at April 25, 2024 01:21 PM (9yXr+)

429 Just curious, how does everyone else deal with the constant loss of our freedoms? I feel a malaise.

Posted by: Seems Legit at April 25, 2024 01:21 PM (JeYYB)

430 429 Just curious, how does everyone else deal with the constant loss of our freedoms? I feel a malaise.
Posted by: Seems Legit at April 25, 2024 01:21 PM (JeYYB)

Embracing the outlaw lifestyle or praying a lot. Or both.

Posted by: Mark Andrew Edwards, Anti-Marxist, buy ammo at April 25, 2024 01:22 PM (xcxpd)

431 They are supposed to say that the GDP came in "Hot" and smashed some analysts expectations.
Posted by: Cat Ass Trophy at April 25, 2024 01:02 PM (PHukT)

well, Columbia came in hot, so . . .

Posted by: Kindltot at April 25, 2024 01:22 PM (D7oie)

432 "The economy is booming!"

The 70s called, they want some of what you are smoking.

Posted by: davidt at April 25, 2024 01:22 PM (SYTee)

433 One dash light that won't go off and doesn't affect vehicle operation?

TPMS sensor. Yeah. Driver's rear is bad.

Posted by: rickb223 at April 25, 2024 01:23 PM (Jxvt5)

434 Not to digress but again, there is no mandatory inspection by me. So if the Check Engine light is on, well, So What.
I bought the car, ran the codes, slightly out of emission spec etc. but nothing really serious, 6 years later still driving.

Posted by: LenNeal at April 25, 2024 01:23 PM (9yXr+)

435
After listening to a couple hours of the Supreme Court Q and A it was pretty interesting. Seems the left wants to open up the country (and Joe Biden to the rest of his life in a courtroom) while the majority don't think they wanna touch the hot poker. They cited Obama killing a US citizen and other acts of former Presidents.

Won't know until about May 9th or so.

Posted by: Divide by Zero at April 25, 2024 01:23 PM (RKVpM)

436 Embracing the outlaw lifestyle or praying a lot. Or both.
Posted by: Mark Andrew Edwards, Anti-Marxist, buy ammo at April 25, 2024 01:22 PM (xcxpd)

-----

I have been trying to hand this shit over to God but I feel I should be doing something. Maybe not.

Posted by: Seems Legit at April 25, 2024 01:23 PM (JeYYB)

437 We'd be near or under zero growth already if it weren't for the massive illegal immigration and deficit spending. Just like every net added job since Biden took over went to non-citizens every terrible Biden statistic is worse than you think.

Posted by: Big E at April 25, 2024 01:23 PM (D2+f+)

438 Yellen has stated the problem is those high interest rates and when interest rates were close to zero, the national debt didn't matter

another thing from Yellen's own balance sheet, the #1 asset of the US government is the student loan debt

and they are giving it away

Posted by: yikes at April 25, 2024 01:24 PM (us2H3)

439 If Yellen says it, it isn't so.

Posted by: Seems Legit at April 25, 2024 01:24 PM (JeYYB)

440 Not to digress but again, there is no mandatory inspection by me. So if the Check Engine light is on, well, So What.
I bought the car, ran the codes, slightly out of emission spec etc. but nothing really serious, 6 years later still driving.
Posted by: LenNeal

My $700 Ford Expedition has a "service vehicle soon" light on. Every time I start the car, it gets an F U Ford from me.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:26 PM (hKZ+8)

441 All that inflation was exported to foreign countries. And when the U.S. Dollar ceases to be the World's Reserve Currency (#Soon), all those dollars will come flooding back -- causing hyperinflation (think Wiemar and Zimbabwe).

Long wheelbarrows ...

It'll be nice to forgo a loaf of bread to pay my off my home loan. Too bad I'll be starving in my house.

Posted by: Blanco Basura - Z28.310 at April 25, 2024 01:27 PM (dZVON)

442 Engine codes are almost always emissions related and can be safely ignored unless the car starts running rough.

if the check engine light begins flashing those are the ones you need to pull over and fix.

Thanks, Feds!

Posted by: Moron Robbie - feminism took women from not sweating to tits and vagina deodorant in a generation at April 25, 2024 01:27 PM (9Ct69)

443 Or both.
Posted by: Mark Andrew Edwards, Anti-Marxist, buy ammo

Both. Definitely both.

Posted by: Sock Monkey * Monkey without a country at April 25, 2024 01:27 PM (hKZ+8)

444 Just curious, how does everyone else deal with the constant loss of our freedoms? I feel a malaise.
Posted by: Seems Legit'

I deal with it by living in a sea of low-income, lowlife criminals.

I really do not understand the sense of loss that seems to be happening with Good People who mowed their lawns, paid their taxes, sent their kids to Good Colleges. I never did any of that.

Posted by: LenNeal at April 25, 2024 01:27 PM (9yXr+)

445 Can you imagine being a parent with a kid at Columbia U who's not into this stupidity?

Yea, I'd want my money back.

Posted by: Martini Farmer at April 25, 2024 01:28 PM (Q4IgG)

446 Secret Service chick noods.

Posted by: Moron Robbie - feminism took women from not sweating to tits and vagina deodorant in a generation at April 25, 2024 01:29 PM (9Ct69)

447
Looks like it was a very bad day for Team Lawfare at the Supreme Court today.

Posted by: JackStraw at April 25, 2024 12:34 PM

Benny Johnson had a guest SC certified lawyer on after the court closed. He thinks it went well but there is the possibility it gets kicked back to a lower court for further clarification. He thought that would be good for Trump for some reason which I don't understand.

Posted by: Divide by Zero at April 25, 2024 01:29 PM (RKVpM)

448 I fix my house, I mow my grass, I obey all the laws, why is my life falling apart?

You failed to fight. You are a inbred house cat.

Posted by: LenNeal at April 25, 2024 01:31 PM (9yXr+)

449
Joe Biden just announced the Climate Corps (20,000 new federal agents) to police and terrorize the oil industry, the auto industry, and every small business across America.

Climate Emergency! Everyone to get from street!

Posted by: The Greenies Are Coming at April 25, 2024 01:31 PM (63Dwl)

450 446 Secret Service chick noods.

Posted by: Moron Robbie - feminism took women from not sweating to tits and vagina deodorant in a generation at April 25, 2024 01:29 PM (9Ct69)

No longer an under-Nood.

Posted by: jim (in Kalifornia) at April 25, 2024 01:31 PM (ynpvh)

451 Trump averaged 2.3% gdp growth. Ace rates that as lacking solid growth

Posted by: Paul banned at April 25, 2024 01:32 PM (ceokG)

452 Climate Emergency! Everyone to get from street!
Posted by: The Greenies Are Coming'

That made me laugh, what a great scene

Ee-mergenc-ee, Emergencee, Every-one to get from Street!

Posted by: LenNeal at April 25, 2024 01:34 PM (9yXr+)

453 Who could have antIcIpated that Trump's malIgnant aura could do thIs to the stock market whIle he Is In NYC?

Posted by: #OccupiedResoluteDesk at April 25, 2024 01:41 PM (O9Moz)

454 Education: Wellesley College

Yeah, Liberty League...my daughter played them in league golf. Mostly Asians, as I recall.

Posted by: Boswell at April 25, 2024 01:44 PM (K+UlC)

455 Your bread ration has risen to two loaves from four!

Posted by: WaPo at April 25, 2024 05:13 PM (mggQ3)

456 A stagnating GDP with inflating prices. If only there were some portmanteau word for such a situation!

Posted by: ameryx at April 25, 2024 06:26 PM (q9OK+)

457 "recession"

The last time we had a recession, the Federal Govt solved the problem by redefining what a "recession" actually is, so they could just say it didn't happen. Because there was a D POTUS in office at the time.

Posted by: Aarradin at April 26, 2024 02:03 AM (5kvQv)

458 Subtract federal spending from GDP to get a real measure of the economy.

Posted by: jj at April 26, 2024 01:48 PM (WN4MV)

459 Tһis is a topic that is near to my heart...
Tаke care! Where are your contact details though?

Posted by: pathway at April 27, 2024 06:40 AM (0vJKp)

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