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  1. #91
    Lol RRR3's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Regardless of which one of them is better it should be obvious to anyone paying attention that both Biden and Trump serve the rich and not the working class. Anyone who can't see this is propagandized.

  2. #92
    Whap'em ZenMaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by RRR3 View Post
    Regardless of which one of them is better it should be obvious to anyone paying attention that both Biden and Trump serve the rich and not the working class. Anyone who can't see this is propagandized.
    It must be incredibly boring only to ever make the same point over and over again just to be part of the lib superiority contest, that you're so smart and can see through it all that others fall for. Meanwhile you've never managed to solve anything big in life and can't connect the dots on any particular subject.

  3. #93
    The Renaissance man bladefd's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by ZenMaster View Post
    Yes I'm sure bladed got a nice story about how his bank account is booming and I'd love to hear it.
    But it is. Obviously, I'm not a millionaire, but I am not dirt poor. I can afford food and rent. Certainly better now than I was 5yrs ago.

  4. #94
    Local High School Star AKA_AAP's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by bladefd View Post
    But it is. Obviously, I'm not a millionaire, but I am not dirt poor. I can afford food and rent. Certainly better now than I was 5yrs ago.
    You can barely afford food and rent in a red state. But if you were to move to California, you can't say the same thing. That makes you dirt poor, AlwaysWrongBladefd

  5. #95
    I get superstar calls j3lademaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by ZenMaster View Post
    It must be incredibly boring only to ever make the same point over and over again just to be part of the lib superiority contest, that you're so smart and can see through it all that others fall for. Meanwhile you've never managed to solve anything big in life and can't connect the dots on any particular subject.
    It’s that Norcaliblunt guy as well. Most reasonable people probably have a problem with both candidates, but there still needs to be conversations on who is the better choice. Whether you want to participate in the conversations is up to you, but going in every thread announcing you aren’t voting for either because they’re both evil… it’s the equivalence to those people who act like they’re above ‘comparing’ players but are in every Lebron vs Kobe thread arguing their side. I don’t agree with you on everything, but at least you have your own opinions and back them up with facts you have access to and converse in good faith. I fvcks with u.

  6. #96
    Lol RRR3's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by ZenMaster View Post
    It must be incredibly boring only to ever make the same point over and over again just to be part of the lib superiority contest, that you're so smart and can see through it all that others fall for. Meanwhile you've never managed to solve anything big in life and can't connect the dots on any particular subject.
    ^propagandized

  7. #97
    Whap'em ZenMaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by bladefd View Post
    But it is. Obviously, I'm not a millionaire, but I am not dirt poor. I can afford food and rent. Certainly better now than I was 5yrs ago.
    No wonder you were so bitter during Trump presidency if you couldn't afford food and rent for a place to live. Glad to hear you got more stability in your life now, ISH members shouldn't be sleeping on the streets.

  8. #98
    Whap'em ZenMaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by j3lademaster View Post
    It’s that Norcaliblunt guy as well. Most reasonable people probably have a problem with both candidates, but there still needs to be conversations on who is the better choice. Whether you want to participate in the conversations is up to you, but going in every thread announcing you aren’t voting for either because they’re both evil… it’s the equivalence to those people who act like they’re above ‘comparing’ players but are in every Lebron vs Kobe thread arguing their side. I don’t agree with you on everything, but at least you have your own opinions and back them up with facts you have access to and converse in good faith. I fvcks with u.


    People like RRR3 and Norcal function on certain triggers, meaning that when certain conditions are met within a conversation and given their disruptive thinkining is at the first order(they can only see through one layer), they're "supposed" to parrot their line of thinking that both parties are exactly the same.

    There was this great podcast recently with a very smart life long democrat, who explains exactly why people like RRR3, Norcal, RMGW, OTC, bladed etc. behave the way they do. It's fairly fascinating and expained at level of depth I don't care to put down in words on a basketball website, but I highly recommend listening to the first 43 minutes and again from 2:49:00 to the end for the parts relating to politcs and the election.


  9. #99
    NBA Legend and Hall of Famer warriorfan's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by ZenMaster View Post
    No wonder you were so bitter during Trump presidency if you couldn't afford food and rent for a place to live. Glad to hear you got more stability in your life now, ISH members shouldn't be sleeping on the streets.


    during trump he made a thread whining about how he can’t afford his internet bill. (he was living with his parents and paying no rent, paying for the internet was his form of contribution and he wasn’t even able to do that.)

  10. #100
    Whap'em ZenMaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by warriorfan View Post


    during trump he made a thread whining about how he canÂ’t afford his internet bill. (he was living with his parents and paying no rent, paying for the internet was his form of contribution and he wasnÂ’t even able to do that.)
    While I'm glad bladed is doing better, his post is a great example that if you knock people down far enough, they will eventually be happy with very little. He did mention a thought about being a millionaire, so there might still be some fire in his soul to do better and I'll give him one for free:

    @bladed, once Kamala is made to be the next President, there'll be a new run of immigrants to replace the current population. So what you can do is look into creating an agency in your state which imports foreign workers. As an agency, you will find available jobs(get out and make some deals with various companies who are looking for cheap labor) and handle all applications to streamline the process of coming to America for your clients. You can charge somewhere in the range of 5-10K per client and market this over in Mumbai or similar, people there will find the money.

    Of course you'll have some expenses too and it won't all be profit, but at 5K per client you should be able to make good money once you have the process down on how to apply for visa and gvt benefits on their behalf.
    Then when you get some money flowing into your company, use that to buy an apartment for the area where you have jobs available, so now you can offer your clients a place to live as well. They'll stay 5-10 people there in one apartment without complaining, giving you good profits through rent - just ask the mayor of Springfield, Ohio.

    Maybe get a partner who's good at executing the finding jobs part while you handle the application processes, depends on where you're most comfortable.

  11. #101
    Great college starter Off the Court's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by ZenMaster View Post
    Yes I'm sure bladed got a nice story about how his bank account is booming and I'd love to hear it.



    https://fortune.com/2023/09/25/pande...reserve-covid/

    This doesn't mean a damn thing, for one the balances are still higher at the end, but 2nd no one keeps mass wealth in their bank accounts. Rich people don't even have over $20k in their checking, they put that money to work.

  12. #102
    Whap'em ZenMaster's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by Off the Court View Post
    This doesn't mean a damn thing, for one the balances are still higher at the end, but 2nd no one keeps mass wealth in their bank accounts. Rich people don't even have over $20k in their checking, they put that money to work.
    The number covers both checking and savings accounts.

    Balances are 11% higher on average, but inflation is more than 11% for the period, hence why the article states that people now have less cash than before the pandemic after adjusting for inflation. All the graphs are trending downwards too, so might not be too long until people have less cash even without this adjustment.



    The people in the 1st quartile do keep most of their "mass wealth" in their bank accounts, while the 2nd quartile is split due to 401K options. Per Gallup survey published last month, only 25% of households with a yearly income at 40K or below own stocks, and between 40K-99K there's still one third of households who doesn't own stocks either. The distribution of stocks is also bad, the bottom 50% when it comes to networth only own 1% of US stocks collectively, while the top 10% holds 87%. So while it's a nice thought that all Americans in low income brackets have amassed a bunch of money through stocks and doesn't have cash on their bank accounts because of it, it's not reality for most of those people.

    It's natural too, if you only have 2K sitting on your checking + savings account combined and someone hands you another 2K, the first thought for most people isn't to invest that in stocks, especially not if inflation is raging and everything around you is getting more expensive and maybe you're in risk of losing your job as well.

  13. #103
    Great college starter Off the Court's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Hardly anyone with considerable wealth keeps it liquid in a bank account of any kind, checking or savings. What people keep laying around as liquid cash is hardly an indicator of any kind but even with what you are showing there is hardly a difference from pre-covid to now. Republicans are trying to sell the notion that everyone is broke and homeless.

    So with that, let me ask you like you just asked blade, are you broke and homeless? Are you considerably poorer than you were 5 years ago?

    Polling on this topic almost always concludes with the individual being asked saying "I'm fine but everyone else is suffering". And that can be seen on this forum where every Trump voter here declares that they are wealthy but acts like they are some kind of anomaly and everyone else in the country is homeless. When in reality being a millionaire is common AF.

  14. #104
    Great college starter Charlie Sheen's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by Off the Court View Post
    Hardly anyone with considerable wealth keeps it liquid in a bank account of any kind, checking or savings. What people keep laying around as liquid cash is hardly an indicator of any kind but even with what you are showing there is hardly a difference from pre-covid to now. Republicans are trying to sell the notion that everyone is broke and homeless.

    So with that, let me ask you like you just asked blade, are you broke and homeless? Are you considerably poorer than you were 5 years ago?

    Polling on this topic almost always concludes with the individual being asked saying "I'm fine but everyone else is suffering". And that can be seen on this forum where every Trump voter here declares that they are wealthy but acts like they are some kind of anomaly and everyone else in the country is homeless. When in reality being a millionaire is common AF.
    Zen is not arguing what you are arguing here. I think he is saying that for majority of Americans... not the considerably wealthy... their declining savings indicates a higher risk they will not be able to meet their debt obligations.

  15. #105
    Local High School Star AKA_AAP's Avatar
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    Default Re: Stock market panic around the world due to fears about the US entering a recessio

    Quote Originally Posted by warriorfan View Post


    during trump he made a thread whining about how he can’t afford his internet bill. (he was living with his parents and paying no rent, paying for the internet was his form of contribution and he wasn’t even able to do that.)
    Ouch. I hope you are joking. Also, isn't AlwaysWrongBladefd in his late 40's?

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