golfaddict1 Posted December 8, 2023 Report Share Posted December 8, 2023 https://finance.yahoo.com/news/inflation-expectations-hit-lowest-level-in-more-than-two-years-160047827.html 👍🏻 1 Quote Link to comment Share on other sites More sharing options...
concha Posted December 8, 2023 Report Share Posted December 8, 2023 15 minutes ago, golfaddict1 said: https://finance.yahoo.com/news/inflation-expectations-hit-lowest-level-in-more-than-two-years-160047827.html 👍🏻 Yet the effects remain and Americans will stay worse off. 1 1 1 Quote Link to comment Share on other sites More sharing options...
golfaddict1 Posted December 8, 2023 Report Share Posted December 8, 2023 https://x.com/atrupar/status/1733129287992025573?s=46&t=Ub_4ZB--blmAW22AUOdwqQ 😀 1 Quote Link to comment Share on other sites More sharing options...
DBP66 Posted December 8, 2023 Author Report Share Posted December 8, 2023 5 minutes ago, golfaddict1 said: https://x.com/atrupar/status/1733129287992025573?s=46&t=Ub_4ZB--blmAW22AUOdwqQ 😀 the market liked it....😉 1 Quote Link to comment Share on other sites More sharing options...
golfaddict1 Posted December 8, 2023 Report Share Posted December 8, 2023 S&P 500 made a new high today, which makes sense considering the corporate greed/profit “inflation” rate. https://www.axios.com/2023/11/30/corporate-profits-q3-2024 Quote Link to comment Share on other sites More sharing options...
Crusader12-0 Posted December 12, 2023 Report Share Posted December 12, 2023 Quote Link to comment Share on other sites More sharing options...
golfaddict1 Posted December 13, 2023 Report Share Posted December 13, 2023 Fed chair Powell spoke today and did a q&a afterwards. https://x.com/atrupar/status/1735049947362337007?s=46&t=Ub_4ZB--blmAW22AUOdwqQ 2 Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 13, 2023 Report Share Posted December 13, 2023 1 hour ago, golfaddict1 said: Fed chair Powell spoke today and did a q&a afterwards. https://x.com/atrupar/status/1735049947362337007?s=46&t=Ub_4ZB--blmAW22AUOdwqQ But but but… people feel differently! 1 Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 3 hours ago, GoBigBlack said: But but but… people feel differently! Indeed. ...about 6 in 10 Americans are failing to meet their basic needs, with their incomes falling short by almost $14,000 on average in 2022, LISEP noted. That underscores the struggles that many households are facing after two years of rising inflation, which has pushed up costs for everything from food to rent. https://www.cbsnews.com/news/middle-class-standard-of-living-best-expensive-cities-san-francisco/ 1 Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 14, 2023 Report Share Posted December 14, 2023 16 minutes ago, concha said: Indeed. ...about 6 in 10 Americans are failing to meet their basic needs, with their incomes falling short by almost $14,000 on average in 2022, LISEP noted. That underscores the struggles that many households are facing after two years of rising inflation, which has pushed up costs for everything from food to rent. https://www.cbsnews.com/news/middle-class-standard-of-living-best-expensive-cities-san-francisco/ And 7 out of 10 Americans can’t balance a household budget or distinguish between a basic need and completely frivolous waste of money. 1 Quote Link to comment Share on other sites More sharing options...
Nolebull813 Posted December 14, 2023 Report Share Posted December 14, 2023 4 minutes ago, GoBigBlack said: And 7 out of 10 Americans can’t balance a household budget or distinguish between a basic need and completely frivolous waste of money. That’s me! If my car breaks down I gotta sell my PS4. Lol 2 Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 14, 2023 Report Share Posted December 14, 2023 51 minutes ago, Nolebull813 said: That’s me! If my car breaks down I gotta sell my PS4. Lol You’re in good company. And if you tell someone that their shortcomings or misfortunes are all someone else’s fault then a lot more than 6 in 10 will happily agree. Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 6 hours ago, GoBigBlack said: You’re in good company. And if you tell someone that their shortcomings or misfortunes are all someone else’s fault then a lot more than 6 in 10 will happily agree. The Democrats will have a federal government program for your pains. It's someone else's fault. 1 Quote Link to comment Share on other sites More sharing options...
golfaddict1 Posted December 14, 2023 Report Share Posted December 14, 2023 12 hours ago, GoBigBlack said: And 7 out of 10 Americans can’t balance a household budget or distinguish between a basic need and completely frivolous waste of money. Retail sales up? Nooooooo! Quote Link to comment Share on other sites More sharing options...
15yds4gibberish Posted December 14, 2023 Report Share Posted December 14, 2023 14 hours ago, concha said: Indeed. ...about 6 in 10 Americans are failing to meet their basic needs, with their incomes falling short by almost $14,000 on average in 2022, LISEP noted. That underscores the struggles that many households are facing after two years of rising inflation, which has pushed up costs for everything from food to rent. https://www.cbsnews.com/news/middle-class-standard-of-living-best-expensive-cities-san-francisco/ Yup. Economic inequality is a problem. Here are some more quotes from your article: Florida not doing so great in your article...but I'm guessing you aren't ready to rethink your whole CA/Bay Area thing. The problem of inequality goes back much further than 2022. Never thought of you as a share the wealth guy though. On the bright side (not from your article which appears to stop with 2022 data), real wages have been rising throughout 2023, and this jobs recovery has been different. Average real (inflation-adjusted) wages for Production/Non-Supervisory workers (>80% of US private sector workers) are 2.7% above Jan 2020 levels, and are at pre-pandemic trend. Average for all workers is ~1% above Jan 2020 levels, but below trend. For once, we are seeing a small bit of wage compression with the lower end doing a little relatively better than the top. Quote Link to comment Share on other sites More sharing options...
World Citizen Posted December 14, 2023 Report Share Posted December 14, 2023 52 minutes ago, 15yds4gibberish said: Yup. Economic inequality is a problem. Here are some more quotes from your article: Florida not doing so great in your article...but I'm guessing you aren't ready to rethink your whole CA/Bay Area thing. The problem of inequality goes back much further than 2022. Never thought of you as a share the wealth guy though. On the bright side (not from your article which appears to stop with 2022 data), real wages have been rising throughout 2023, and this recovery has been different. Average real (inflation-adjusted) wages for Production/Non-Supervisory workers (>80% of US private sector workers) are 2.7% above Jan 2020 levels, and are at pre-pandemic trend. Average for all workers is ~1% above Jan 2020 levels, but below trend. For once, we are seeing a small bit of wage compression with the lower end doing a little relatively better than the top. Really? Pre 2022? I am shocked. I may have to rethink my 'Biden is to blame for...' strategy. I tell you brother, to have all that wealth those at the top have and not give it back is a moral failing that has no equal. They can give most away and STILL BE THE RICHEST IN THE WORLD. Why wouldn't they do that? Makes zero sense. Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 14, 2023 Report Share Posted December 14, 2023 4 hours ago, concha said: The Democrats will have a federal government program for your pains. It's someone else's fault. And the Republicans will have… absolutely nothing at all for you. Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 1 hour ago, GoBigBlack said: And the Republicans will have… absolutely nothing at all for you. Imagine having to rely on state and local government, the community and your church. Sacrilege. Da, Comrade? 1 Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 14 hours ago, GoBigBlack said: And 7 out of 10 Americans can’t balance a household budget or distinguish between a basic need and completely frivolous waste of money. And that situation is worsened when inflation outpaces wage growth. Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 14, 2023 Report Share Posted December 14, 2023 1 hour ago, concha said: Imagine having to rely on state and local government, the community and your church. Sacrilege. Da, Comrade? Rely on the church? Quote Link to comment Share on other sites More sharing options...
GoBigBlack Posted December 14, 2023 Report Share Posted December 14, 2023 1 hour ago, concha said: And that situation is worsened when inflation outpaces wage growth. Of course it is. Now they can only afford the iPhone 15 Pro Max and not the iPhone 15 Pro Max Ultra. Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 1 hour ago, GoBigBlack said: Rely on the church? Amongst other things. You do know that back in the day the church used to have hospitals and it helped the poor. I'm guessing the huge growth in the federal government and increased taxation directly led to a reduced ability of religious institutions to do so. Quote Link to comment Share on other sites More sharing options...
concha Posted December 14, 2023 Report Share Posted December 14, 2023 1 hour ago, GoBigBlack said: Of course it is. Now they can only afford the iPhone 15 Pro Max and not the iPhone 15 Pro Max Ultra. They're downgrading the Obamaphone specs? Shit. She's gonna be pissed. Quote Link to comment Share on other sites More sharing options...
World Citizen Posted December 14, 2023 Report Share Posted December 14, 2023 33 minutes ago, concha said: Amongst other things. You do know that back in the day the church used to have hospitals and it helped the poor. I'm guessing the huge growth in the federal government and increased taxation directly led to a reduced ability of religious institutions to do so. What increased taxation? Which churches are being taxed?? They aren't according to the IRS. Looks another lie from you, which would be totally shocking. 🤡 Quote Link to comment Share on other sites More sharing options...
concha Posted December 15, 2023 Report Share Posted December 15, 2023 3 hours ago, World Citizen said: What increased taxation? Which churches are being taxed?? They aren't according to the IRS. Looks another lie from you, which would be totally shocking. 🤡 Are you trying to beat DBP and that idiot from Louisiana for top dumbass on the board? Church-run hospitals used to provide free or nominal cost healthcare to the needy in our cities. There are now nearly 200 fewer Catholic hospitals than there were in 1960. And their ability to provide free care has been substantially reduced. Where do churches get money? From their members. Their parishioners. What happens when those people see more and more of their income disappear due to taxation? Don't hurt yourself attempting to think critically. It is clearly beyond you. Imbecile. 1 Quote Link to comment Share on other sites More sharing options...
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