Gold Member BOHICA Posted August 26, 2022 Gold Member Share Posted August 26, 2022 Powell says expect the pain… https://www.cnbc.com/amp/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html Quote Link to comment Share on other sites More sharing options...
Pete Posted August 26, 2022 Share Posted August 26, 2022 Poor plugs and the left. They own this 100%. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 26, 2022 Share Posted August 26, 2022 20 minutes ago, Pete said: Poor plugs and the left. They own this 100%. They own most of it but not 100%, the spending that happened under Trump is also a factor. Could you imagine if every biz took PPP money? That mess would have gone into the trillions. Quote Link to comment Share on other sites More sharing options...
Pete Posted August 26, 2022 Share Posted August 26, 2022 6 minutes ago, snoughnut said: They own most of it but not 100%, the spending that happened under Trump is also a factor. Could you imagine if every biz took PPP money? That mess would have gone into the trillions. Of course I realize this. The PPP was a crock of shit and now we are paying for it. However the left likes to solely blame the right for everything THEY have done so it’s tit for tat. It’s not going to ever change Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 26, 2022 Share Posted August 26, 2022 9 minutes ago, snoughnut said: They own most of it but not 100%, the spending that happened under Trump is also a factor. Could you imagine if every biz took PPP money? That mess would have gone into the trillions. Well, the left wanted to spend MORE than what trump did, so how is it that no one will actually say that if they would have had their way, it would be worse? 1 Quote Link to comment Share on other sites More sharing options...
Plissken Posted August 26, 2022 Share Posted August 26, 2022 1 hour ago, racer254 said: Well, the left wanted to spend MORE than what trump did, so how is it that no one will actually say that if they would have had their way, it would be worse? He seems pretty proud of PPP here. Even goes so far as to complain the democrats won’t renew it? Quote Link to comment Share on other sites More sharing options...
Cold War Posted August 26, 2022 Share Posted August 26, 2022 Fucking hilarious how guys want to count & scrutinize every dollar that goes to Americans, but everything streaming out of the country or to people streaming in. 🦗 2 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 26, 2022 Share Posted August 26, 2022 Good deals are coming. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted August 26, 2022 Gold Member Share Posted August 26, 2022 14 minutes ago, spin_dry said: Good deals are coming. On Vans ? Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 26, 2022 Share Posted August 26, 2022 Just now, EvilBird said: On Vans ? Maybe. Definitely some more land in the high desert. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 26, 2022 Share Posted August 26, 2022 1 hour ago, Cold War said: Fucking hilarious how guys want to count & scrutinize every dollar that goes to Americans, but everything streaming out of the country or to people streaming in. 🦗 Good point Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 26, 2022 Share Posted August 26, 2022 Nice job Jerome. Send the market crashing. Down 750 when I left the office. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 26, 2022 Share Posted August 26, 2022 4 hours ago, snoughnut said: They own most of it but not 100%, the spending that happened under Trump is also a factor. Could you imagine if every biz took PPP money? That mess would have gone into the trillions. While I agree that trumps spending was excessive, Biden spent into a flourishing economy. That was just sheer stupidity. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 26, 2022 Share Posted August 26, 2022 2 hours ago, spin_dry said: Good deals are coming. Are they? Your savings are being devalued at a pace that currently exceeds any deflation in price. 2 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 26, 2022 Share Posted August 26, 2022 1 minute ago, SkisNH said: Are they? Your savings are being devalued at a pace that currently exceeds any deflation in price. People that have cash will be getting bargains here shortly, people up to there eyeballs in debt will be drowning in their tears. It happened in the last recession, it happens in all recessions. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted August 26, 2022 Platinum Contributing Member Share Posted August 26, 2022 36 minutes ago, DriftBusta said: Nice job Jerome. Send the market crashing. Down 750 when I left the office. Almost 1000 now Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 26, 2022 Share Posted August 26, 2022 5 minutes ago, SkisNH said: Are they? Your savings are being devalued at a pace that currently exceeds any deflation in price. You’re so pessimistic. Lighten up!!! Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 26, 2022 Share Posted August 26, 2022 (edited) this low interest inflation bubble which was accelerated full throttle by trillions in stimulus goes all the way back to Greenspan, Bernacke, Yellen with Clinton, Bush, Obama... Powell Trump and Biden... and Wall Street. you mental midgets... Edited August 26, 2022 by Crnr2Crnr 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 26, 2022 Share Posted August 26, 2022 43 minutes ago, DriftBusta said: Nice job Jerome. Send the market crashing. Down 750 when I left the office. Dow is down $1000.90 as of this moment. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 26, 2022 Share Posted August 26, 2022 1 minute ago, Crnr2Crnr said: Dow is down $1000.90 as of this moment. It’s should go down a lot more. The silly explosion of the market was supported mainly by the feds constant injection of cash over the last several years. Time for some reality. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 26, 2022 Share Posted August 26, 2022 Just now, spin_dry said: It’s should go down a lot more. The silly explosion of the market was supported mainly by the feds constant injection of cash over the last several years. Time for some reality. I still have standing buy orders under the June lows that haven't been filled. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 26, 2022 Share Posted August 26, 2022 26 minutes ago, snoughnut said: People that have cash will be getting bargains here shortly, people up to there eyeballs in debt will be drowning in their tears. It happened in the last recession, it happens in all recessions. Except your cash is being devalued at a rate of close to 9% annually...and prices of goods is still going up (for now) 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted August 26, 2022 Share Posted August 26, 2022 4 minutes ago, SkisNH said: Except your cash is being devalued at a rate of close to 9% annually...and prices of goods is still going up (for now) Depends on what you’re buying. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted August 26, 2022 Gold Member Share Posted August 26, 2022 11 minutes ago, spin_dry said: Depends on what you’re buying. Guess you might be right. Pussy, Ass and fentanyl is still cheap 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 26, 2022 Share Posted August 26, 2022 46 minutes ago, snoughnut said: People that have cash will be getting bargains here shortly, people up to there eyeballs in debt will be drowning in their tears. It happened in the last recession, it happens in all recessions. I'm flush with cash, no debt. Been very patiently waiting for 2008/2009 all over again for a while now. Quote Link to comment Share on other sites More sharing options...
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