DOW currently down 900 points on higher than expected inflation numbers

[Patrick Chewing]

How's that Inflation Reduction Act working out huh? blade? Off The Court? Any comments?


Asking for a friend.

[BigKobeFan]

if you throw 2T$ in the economy and then increase everyone's minimum wage, what do you expect.

This does not account biden's loan forgiveness that hasn't started yet or california's push to $22 an hour for fast food workers.

[bladefd]

Inflation reduction act was just passed. Change does not happen in a couple weeks.

This is not good though. Feds will continue to raise the rates to get inflation down. It could be a brutal 6 month period as the interest rates keep going up. Bad time to buy a house or car or anything that requires a large loan. Just hunker down for now.

[Patrick Chewing]

Inflation reduction act was just passed. Change does not happen in a couple weeks.

This is not good though. Feds will continue to raise the rates to get inflation down. It could be a brutal 6 month period as the interest rates keep going up. Bad time to buy a house or car or anything that requires a large loan. Just hunker down for now.

:oldlol::oldlol::oldlol::oldlol::oldlol:

[Off the Court]

First off inflation is still going down just not enough for the Fed to end rate hikes.

Second much of the Inflation Reduction Act doesn't take place until 2023 or even 2024 :oldlol:

[Patrick Chewing]

First off inflation is still going down just not enough for the Fed to end rate hikes.

Second much of the Inflation Reduction Act doesn't take place until 2023 or even 2024 :oldlol:

LOL that's even more laughable. :roll:


What a joke!

[Patrick Chewing]

https://i.ibb.co/cb06jfR/Fcj-Hrlb-WAAYGHy6.jpg

[bladefd]

First off inflation is still going down just not enough for the Fed to end rate hikes.

Second much of the Inflation Reduction Act doesn't take place until 2023 or even 2024 :oldlol:

True. Month over month inflation rose only 0.1% so we are at the peak or just about. Get your laughs in while you can because after the peak, inflation is all downhill from there. That's when the clowns like Chewbacca will disappear.

[ShawkFactory]

So are we really going to make threads when the market has a good or bad day, depending on what team we're on?

Is that actually a thing that is going to happen?

[Patrick Chewing]

So are we really going to make threads when the market has a good or bad day, depending on what team we're on?

Is that actually a thing that is going to happen?

Considering Biden is about to have a speech at the White House about the Inflation Reduction Act and considering how the DOW has crashed further to 1200 points, yeah I think so.

[ShawkFactory]

Considering Biden is about to have a speech at the White House about the Inflation Reduction Act and considering how the DOW has crashed further to 1200 points, yeah I think so.

The stipulations of the IRA were almost surely to have a short term negative effect on many stocks. That was presumably weighed against potential long-term disaster of sustained hyperinflation. I have mixed feeling on the IRA itself but markets temporarily decreasing is not a shock.

The good news for us, as I'm sure you know, is that markets don't live and die in 2 week or even 2 month intervals. As of today the DOW is still higher than pre-COVID levels, and will continue to increase over time as it always has, barring a complete global economic collapse unlike any we've seen. So if you're not a day trader or looking to pull a huge portion of your investments out right now for a huge purchase then you're fine.

[Lakers Legend#32]

Child poverty fell by 46% in 2021 amid tax credit expansions. This benefits many more Americans that those only wealthy enough to invest in the stock market.

Oh yeah, gas prices have also fallen for 90 days in a row--the longest streak since 2015.

[oldtimer28]

Considering Biden is about to have a speech at the White House about the Inflation Reduction Act and considering how the DOW has crashed further to 1200 points, yeah I think so.

I admire your endurance with arguing with fools (Shawkfactory trying to deflect from a fair thread with the market good or bad day escape move)

No one sane could defend Biden, his administration, and numerous failures.

How people do not riot about gas prices bewilders me. Automation or another major shock to jobs will ruin the U.S and similar (e.g Australia). Increasing rates and decreasing employment equals....

[ShawkFactory]

I admire your endurance with arguing with fools (Shawkfactory trying to deflect from a fair thread with the market good or bad day escape move)

No one sane could defend Biden, his administration, and numerous failures.

How people do not riot about gas prices bewilders me. Automation or another major shock to jobs will ruin the U.S and similar (e.g Australia). Increasing rates and decreasing employment equals....

This goes for both sides. It’s not a deflection.

It’s something that happens and it’s silly, and completely ignores the actual cause and prospective solutions.

[JohnnySic]

The real crash hasn't happened yet. The market is gonna spike one last time to all-time highs, then crash very, very hard.

[Off the Court]

The real crash hasn't happened yet. The market is gonna spike one last time to all-time highs, then crash very, very hard.
Exactly.

Also covid will completely vanish once Biden is elected.

[rmt]

Oh yeah, gas prices have also fallen for 90 days in a row--the longest streak since 2015.

And inflation rose 0.1% in August even with sharp drop in gas prices. In the words of House Stark - winter is coming.

https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html

And this tone deaf White House decides to celebrate the Inflation Reduction Act today - LOL.

[BigKobeFan]

And inflation rose 0.1% in August even with sharp drop in gas prices. In the words of House Stark - winter is coming.

https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html

And this tone deaf White House decides to celebrate the Inflation Reduction Act today - LOL.

The people who vote for democrats are usually people who work at starbucks or college students who know nothing about economics or the stock market and how their retirement plan is tanking to the grave

[bladefd]

So are we really going to make threads when the market has a good or bad day, depending on what team we're on?

Is that actually a thing that is going to happen?

I have noticed these sorts of threads are mostly started by the alt-right clown show.

[ShawkFactory]

And inflation rose 0.1% in August even with sharp drop in gas prices. In the words of House Stark - winter is coming.

https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html

And this tone deaf White House decides to celebrate the Inflation Reduction Act today - LOL.

It appears that the housing market is largely to blame for that. But yes, a recession does seems more and more likely.

It's just funny to me that people don't seem to care about the actual cause and are more interested in pointing fingers at the other side because it's more fun or satisfying. Or easier.

[bladefd]

https://i.ibb.co/cb06jfR/Fcj-Hrlb-WAAYGHy6.jpg

According to that graph, inflation peaked in June. It's all downhill from here for you, boyo.

[Lakers Legend#32]

America manufacturing is roaring back:

--Corning: $42.5 billion on fiber optics

--LG/Honda: $4.4 billion on EV batteries

--Micron: $40 billion on chips

--Qualcom: $4.2 billion on chips

--Intel: $100 billion on chips

Republicans use jobs as talking points.

Democrats create them.

[Nanners]

So are we really going to make threads when the market has a good or bad day, depending on what team we're on?

Is that actually a thing that is going to happen?

I wonder if you were complaining about the creation of threads a few years back when this subforum was full of libtard created threads about how the latest nothingburger in the Mueller investigation was going to be the end of Trumps career :oldlol:

[ShawkFactory]

I wonder if you were complaining about the creation of threads a few years back when this subforum was full of libtard created threads about how the latest nothingburger in the Mueller investigation was going to be the end of Trumps career :oldlol:

I didn’t frequent the political forum then. But as I previously stated, it goes for both sides and it’s silly.

This type of behavior didn’t begin with Democrats and Trump. I’m sure they had to hear all kinds of shit here during Obama’s admin, regardless of legitimacy. And it didn’t start with Republicans then. Etc.

[Patrick Chewing]

I wonder if you were complaining about the creation of threads a few years back when this subforum was full of libtard created threads about how the latest nothingburger in the Mueller investigation was going to be the end of Trumps career :oldlol:

Exactly. And I kept all those receipts from all those years prior. I haven't even remotely come close to cashing those in yet.

[Off the Court]

Exactly. And I kept all those receipts from all those years prior. I haven't even remotely come close to cashing those in yet.

Yeah right there was no poster during that time with TDS equal to your BDS.

I bet the number of threads you've created with the word "liberal" in the title is in the hundreds.

[Patrick Chewing]

Yeah right there was no poster during that time with TDS equal to your BDS.

I bet the number of threads you've created with the word "liberal" in the title is in the hundreds.

You're right. There was no one poster during that time. There was SEVERAL of you. Like you, MaxFly. Like DonDadda/SomeBlackDude. Like andgar, blade, Facepalm, LakersLegend, LAmbruh, DoctorP, brownmamba, Overdrive, ItsMillerTime, RRR3, dreamshake, Norcaliblunt, kabar, Jasper, Pointguard, BurningHammer, LoneyROY7, Stanley Kobrick, SATAN, Axe, highwhey.....anyone else I miss?


I GOT F'N RECEIPTS

[SATAN]

You're right. There was no one poster during that time. There was SEVERAL of you. Like you, MaxFly. Like DonDadda/SomeBlackDude. Like andgar, blade, Facepalm, LakersLegend, LAmbruh, DoctorP, brownmamba, Overdrive, ItsMillerTime, RRR3, dreamshake, Norcaliblunt, kabar, Jasper, Pointguard, BurningHammer, LoneyROY7, Stanley Kobrick, SATAN, Axe, highwhey.....anyone else I miss?


I GOT F'N INSANELY HIGH CHOLESTEROL LEVELS

:biggums:

[bladefd]

Exactly. And I kept all those receipts from all those years prior. I haven't even remotely come close to cashing those in yet.

You have cashed in those receipts 10 times apiece. Now you are just a pest opening nonsense threads every week (or more).

[HoopsNY]

Democrat and Republican aside, the problem is the Federal Reserve. When you have an endless printing of money, which ultimately results in the devaluing of the dollar, then it makes sense as to why we are seeing high levels of inflation.

Low interest rates, an infusion of $7 trillion dollars, and further QE from since 2008 have all contributed to the problem. I highly recommend watching this documentary from PBS about the fed and their actions from the great recession. And that was only $700 billion. Imagine what the more recent printing of $7 trillion will do to the economy over the next 10-20 years.


https://www.youtube.com/watch?v=9RbL8lTsITY&t=1867s&ab_channel=FRONTLINEPBS%7COfficial