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You won’t like this….just sayin’

ADIDAS00 said:
It’s a slow debasement of currency. We’ve been doing it for years. Both parties. It’s nothing new

It started after 2008. We outlawed depressions and just slowly printed money and debased the dollar. It helps with the debt and makes markets go up and everyone’s happy.

The market has went up on average about 8% -10% a year since 2008…which is roughly the same as actual inflation. 401K’s are now basically savings accounts so you don’t erode your purchasing power. Holding cash is no bueno. Nothing stops this debasement train.
Click to expand...
The Germans learned the lesson after the Weimar Republic. Perhaps the rest of the world will learn it in the 21st century?
 
Poor Jerome. The guy brought down inflation from 9% down to 2.5% all while keeping the jobs numbers looking good. Also, the stock market, gold, and Bitcoin are all hitting all time highs.

And there are people calling for him to resign. That’s crazy!! They should be giving him an award.
 
ADIDAS00 said:
Poor Jerome. The guy brought down inflation from 9% down to 2.5% all while keeping the jobs numbers looking good. Also, the stock market, gold, and Bitcoin are all hitting all time highs.

And there are people calling for him to resign. That’s crazy!! They should be giving him an award.
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Did you miss that it wasn't a record high?

That's because it was 6 months of recovery
 
GDP crushed expectations this week. Can we admit we were wrong about the tariffs? We have low inflation, and GDP outperformance. None of this was supposed to happen. lol
 
ll74 said:
No one was wrong about tariffs.

They are taxes on consumers.
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They’re apparently a tax that no consumer is paying, lol. Nothing has gone up in price. The producers and middle men are eating the cost. No inflation = no tax on consumers
 
ADIDAS00 said:
They’re apparently a tax that no consumer is paying, lol. Nothing has gone up in price. The producers and middle men are eating the cost. No inflation = no tax on consumers
Click to expand...
lol....except they are.

Beef prices are a good example.

PG and Ford have an ounce.25% increase in prices
 
ADIDAS00 said:
GDP crushed expectations this week. Can we admit we were wrong about the tariffs? We have low inflation, and GDP outperformance. None of this was supposed to happen. lol
Click to expand...

Nope. The tariff effect has not really started to impact yet, but indications are that inflation is starting to creep up - which is why Powell held rates steady. They're not going to drop and come Sept we MAY see an increase as the effects kick in. It's going to take a while but it WILL happen.
 
The fucking tarriffs were ALL supposed to take effect today AUGUST 1st.,,
Hardly any countries bent their knees enough so he’s still threatening to raise tarriffs.

And

TACO.., Mexico gets another 90 days!!
Who else got a reprieve?? Super deal maker? Fuck no!

Where is Canada getting their new fighters from!?? Is that why he raised their tarriff again?

Make Amerikkka Great Again? Hardly!!
Make All Globe Amerikkkafree
 
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