stock market was up today...

[Ernest T. Vol]

Well to be fair of you're going to increase spending you'll need to increase taxes. The GOP version of increased spending paired with tax cuts doesn't work either.

No more spending and no more taxes. Biden and Schumer are negotiating with Manchin right now to do both in reconciliation.

 

[utvolpj]

Historically revenue has gone up when taxes are cut.

Sort of but it's still outpaced with new spending.

 

[hog88]

Sort of but it's still outpaced with new spending.

True but increasing taxes while increasing spending has an even worse effect on the deficit.

 

[Ernest T. Vol]

Next they'll want to print more money to hand out to help with inflation

I know you meant that as a joke but the democrats will try just that. We are headed for a disaster. There will be an "official" recession in the July report. Congress will want to fix it with more spending on unemployment, stimmy checks, etc. The fed will then have to be even more aggressive in raising. This is stomping on the brakes and gas at the same time. Will the fed really act in opposition?

 

[Rasputin_Vol]

Wait, why are you people talking about taxes? We've shown over the last 2 years we don't need tax revenues to run the country.

 

[NorthDallas40]

So yesterday I posted expectations were that inflation would hit a 40 year high and new peak of 8.8% apparently I was overly optimistic

US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big — Bloomberg

 

[allvol123]

So yesterday I posted expectations were that inflation would hit a 40 year high and new peak of 8.8% apparently I was overly optimistic

US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big — Bloomberg

Biden is doing an excellent job at surpassing the best guesses of economists everywhere.

 

[theFallGuy]

I know you meant that as a joke but the democrats will try just that. We are headed for a disaster. There will be an "official" recession in the July report. Congress will want to fix it with more spending on unemployment, stimmy checks, etc. The fed will then have to be even more aggressive in raising. This is stomping on the brakes and gas at the same time. Will the fed really act in opposition?

I meant it as a joke and kind of serious as well

 

[JOEY’S ALL VOL !!!]

So yesterday I posted expectations were that inflation would hit a 40 year high and new peak of 8.8% apparently I was overly optimistic

US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big — Bloomberg

It’s quite possible that 9.1 is being generous.

 

[Orangeburst]

It’s quite possible that 9.1 is being generous.

I think it was accurate about 6 months ago but will hit 12 in 6 months

 

[NorthDallas40]

It’s quite possible that 9.1 is being generous.

Double digit inflation on the horizon after we were humming along nicely in just the spring of 2020. What a world.

 

[JOEY’S ALL VOL !!!]

I think it was accurate about 6 months ago but will hit 12 in 6 months

I’ve seen some economists that stated it could be as high as 11.4 over 2 months ago.

 

[volinbham]

White House says economy is strongest in history

 

[NorthDallas40]

White House says economy is strongest in history

I figured that has to be a Klain quote but it was someone just as clueless KJP

 

[volinbham]

I figured that has to be a Klain quote but it some some just as clueless KJP

plenty to choose from

 

[JOEY’S ALL VOL !!!]

White House says economy is strongest in history

Sheww ... well that’s a relief. I feel so much more at ease now.

 

[theFallGuy]

It’s quite possible that 9.1 is being generous.

Oh it's definitely been massaged

 

[Godfatha]

Record inflation, rising interest rates, and a recession all at the same time? Great times.

 

[theFallGuy]

White House says economy is strongest in history

Everything is fine here!

Meanwhile

 

[Godfatha]

Oh it's definitely been massaged

No doubt. They're weighting it somehow so that it doesn't look as bad. If you take a look at the detailed reports the Bureau of Labor Statistics does, it would contradict that it's only 9%.

 

[Thunder Good-Oil]

The “core” CPI is really the opposite. Food and energy should be the “core”. Everybody eats and uses energy.

 

[Velo Vol]

More stimulus ahead?

 

[lawgator1]

The “core” CPI is really the opposite. Food and energy should be the “core”. Everybody eats and uses energy.

I think it had to do with historical volatility.

 

[walkenvol]

I’ve been in close contact with symptomatic Covid positive people (alpha and omicron variants) and I never got sick. I’m unvaccinated.

I personally know 5 people that have died from Covid and none of them were vaxxed. My personal sample size is no more of a reflection on the effectiveness of the vaccine than your personal sample size. I do have to wonder however that all the folks I know were infected over a year or more back and I haven’t heard of anyone else in my circle that knows of recent deaths. Maybe the high mortality variants that the vaccines were designed for are now in the past? I sure hope so!

 

[BigOrangeMojo]

It’s quite possible that 9.1 is being generous.

The 9.1 is the government manipulated number...