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Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
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One would have to think that Powell is re-thinking his strategery
FJB & FJT
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Joined: Apr 2011
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Campfire Savant
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Campfire Savant
Joined: Apr 2011
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Where is that orange hair man????
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Joined: Mar 2010
Posts: 24,128
Campfire Ranger
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OP
Campfire Ranger
Joined: Mar 2010
Posts: 24,128 |
Where is that orange hair man???? mean tweets vs extreme poverty, lack of food and fuel?
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Joined: Jan 2012
Posts: 26,469
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,469 |
A MAJOR correction was way over due.
How far??
FJB & FJT
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Joined: Mar 2010
Posts: 24,128
Campfire Ranger
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OP
Campfire Ranger
Joined: Mar 2010
Posts: 24,128 |
A MAJOR correction was way over due.
How far?? Lots of 1000 point drops the past few months due to Biden policies and still down trending
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Joined: Feb 2008
Posts: 8,517
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 8,517 |
Just a Little Factoid..
Volker caused Two Recession to Fight Inflation..
Given the Volker Balance Sheet and Powell’s Balance Sheet just how many Powell Recession will it take for Inflation to become Tame..
3400 on the S&P is Optimistic..
I’m wait for the 401k Herd to see buying the Dip is how they hand you the Bag..
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Joined: Aug 2004
Posts: 69,595
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,595 |
Molɔ̀ːn Labé Skýla!
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Joined: Jan 2004
Posts: 4,573
Campfire Tracker
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Campfire Tracker
Joined: Jan 2004
Posts: 4,573 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend.
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Joined: Jan 2020
Posts: 5,165
Campfire Tracker
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Campfire Tracker
Joined: Jan 2020
Posts: 5,165 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend. Another idiot who blames Trump. Trump had US rolling and can get US rolling again.
Life is good live it while you can.
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Joined: Jan 2012
Posts: 26,469
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,469 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend. Another idiot who blames Trump. Trump had US rolling and can get US rolling again. DJT also knew that low energy prices was one of the main keys to keeping inflation tamed.
FJB & FJT
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Joined: May 2008
Posts: 25,506
Campfire Ranger
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Campfire Ranger
Joined: May 2008
Posts: 25,506 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend. Wrong…but thanks for playing. 😂
�Politicians are the lowest form of life on earth. Liberal Democrats are the lowest form of politician.� �General George S. Patton, Jr.
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~Molɔ̀ːn Labé Skýla~
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Joined: Jan 2020
Posts: 5,165
Campfire Tracker
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Campfire Tracker
Joined: Jan 2020
Posts: 5,165 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend. Another idiot who blames Trump. Trump had US rolling and can get US rolling again. DJT also knew that low energy prices was one of the main keys to keeping inflation tamed. Trump was preaching bringing jobs and industry back to the US, and keeping a secure border. I'm spitballing, but how many commodities are the illegals consuming since FJB was appointed that US citizens need?
Life is good live it while you can.
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Joined: May 2008
Posts: 1,677
Campfire Regular
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Campfire Regular
Joined: May 2008
Posts: 1,677 |
The Dow is down through the floor. The Nasdac is down and S&P is down. Plus the idiot is heading to Asia. Ducking all responsibility. His mantra is that it always someone else’s fault. Biden is without a doubt the worst president EVER! Tighten your belts people. MTG
Vena dura, ocyus occide, excusas non offer!
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Joined: Jan 2003
Posts: 10,936
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2003
Posts: 10,936 |
so we approaching retirement ( dreaming ....) will have a lot less money..
BUT on the flip side...the dollars we do have will be worth less.
Gee Trump was bad....
When a country is well governed, poverty and a mean condition are something to be ashamed of. When a country is ill governed, riches and honors are something to be ashamed of
. Confucius
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Joined: Oct 2004
Posts: 23,366
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,366 |
DOW was at 27,000 Nov 2 2020.
With what Biden and Co have done in 18 months, why should it be even 1 point higher than that now?
I’m prepared to see 27,000 again soon
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
This isn’t Trump’s fault per se, but he did have a hand in it. To say otherwise is at best naive, and more than likely just flat out dishonest. We’ve been screwed by politicians of both colors all my life. You can’t leave the fed rate at zero, and print and hand out money recklessly and not expect inflation and market instability.
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Joined: Jun 2008
Posts: 6,076
Campfire Tracker
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Campfire Tracker
Joined: Jun 2008
Posts: 6,076 |
Where is that orange hair man???? Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend. Another idiot who blames Trump. Trump had US rolling and can get US rolling again. DJT also knew that low energy prices was one of the main keys to keeping inflation tamed. Trump was preaching bringing jobs and industry back to the US, and keeping a secure border. I'm spitballing, but how many commodities are the illegals consuming since FJB was appointed that US citizens need? We’ve been competing with all the folks that they threw cash at for 2 years AND 30-40 million illegals (and millions of LEGALS) to boot. You had folks with little money, GETTING money, and folks who had plenty, getting “fun money”, too. Hell, just look at gun prices. Everyone sitting on their azzes at home, a $2000 check shows up from Govt. You can’t take a trip. There aren’t any trucks to buy. “Hey, Ima get me a gun! What the heck, I’ll bid it up a bit higher. I didn’t have to EARN this money! It was FREE!” Now, apply that same principle to food, housing, autos, whatever. Apparently, it never crossed anyone’s mind that illegals gotta eat, drive, have shelter, TOO! Oh, and you just went through 2 years where products weren’t getting made in large numbers, as well. It’s all been a perfect storm of easy money and lack of available goods, with too many people (and $$$) chasing “too little goods”. Just like Mr. Friedman, said...
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Joined: Oct 2004
Posts: 23,366
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,366 |
This isn’t Trump’s fault per se, but he did have a hand in it. To say otherwise is at best naive, and more than likely just flat out dishonest. We’ve been screwed by politicians of both colors all my life. You can’t leave the fed rate at zero, and print and hand out money recklessly and not expect inflation and market instability. I think you might want to check this link and compare the Fed rate from The Obama and Biden years to Trumps years. There is a difference- but essentially I get your point.👍 https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Joined: Mar 2010
Posts: 24,128
Campfire Ranger
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OP
Campfire Ranger
Joined: Mar 2010
Posts: 24,128 |
The Russian sanctions sure helped lower global fuel prices lol. And China Subsequently shut down our supplies adding to the problem. We have idiots( run by Obama) running our economic and foreign policies and phugging up as usual.
Good job commie fighters
As mentioned Trump kept fuel prices cheap and a very strong respected foreign policy and was taming run away inflation. Biden did a reversal
Last edited by ribka; 05/18/22.
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