Rose 6.5%.

Nice.

Bloomberg news blip.

Would it be premature to call bullchit....

Show us whatcha got.

https://www.autoblog.com/las%20vegas-nv-gas-prices/

Oh I don’t know, gas at $4 a gallon, $ 9-13 for a fpooking 2x4, crops are shot, a decent steak around $15-25 a piece. Yep the economy is booming.

WSJ did a report on how the economy does under Ds and Rs. It actually did better under Ds. Not because their policies are better but because they spend . And Wall Street loves spending.

Everything that’s down should be up and everything that’s up should be down. It’s a perspective thingy.

AP reporting the same 6.5% increase.

Our gas is 2.65/9 per gallon, lumber prices and futures are falling and crops in our area aren’t shot even with the rains we’ve had.

You’re right about store beef prices.

Or the Republicans make it things happen, and the effects are gleaned by the dems in the next term.....

Printing money doesn’t create wealth.

The economy is being propped up artificially. That's why the inflation..

AND surprise! The poverty level plummeted. https://www.thefiscaltimes.com/2021/07/29/Federal-Dollars-Drive-Record-Drop-Poverty

Because more people are working? Because they got raises?

Nope. It's called Socialism, folks.

Aren't they still pumping "money" into the economy.

This money pump should continue with recent headlines about "infrastructure" and reconciliation. Looks like the fools in the repub party are almost all in.

Everyone knows this is unsustainable. I think the elites are busy working the Great Reset solution to the worlds debt. They just need more time to mind meld the worlds population.

The whole industrialized world is pumping money in trying to stimulate.

It is very obvious the treasury is in the process of being pillaged. The future is being destroyed with the idea that some form of authoritarianism will provide the "solution" in the future. When? Who knows.

Ah.

Globalism at work.

The increase was expected to be closer to 10%. 6.5% actually shows there are issues, especially with inflation. If the Dems pass their bloated spending plan, there's a significant risk of inflation spiraling out of control and triggering a major recession in our future.

It's worse than that. The 3rd world is being given money to squander with no return.

The whole world will participate in the great train wreck.

Do you think it will (((work)))?

I'm just interested in how Joey,s gang of financial dipschits is manipulating the CPI turning blinders on to inflation to spin some bullschit 2 or 3 % COLA on my retirement pay.
Schit should be around 4.5 to 6 % based on what I have google foo,d

I bet them fuggs come up with some bullschit spin on it all....

Prices are up on everything.......
And will never drop correspondingly.
And if they drop it will be at the least at a 25% level above pre C19 price.
And I'm being generous with that specualtion.

New norm will be.
Be happy with what we sell at our price for max profit.
When you can find what we decided to make with our resources


Oh you where looking for barnes TTSX loads????

Make due with our new cup and core lead bullets.
Cause that is all we wanta make and sell for max bottom line.

Just using a analogy to describe the overall perception I have of the situation with the ammo thing......

How about the price of groceries. Ex: A box of chicken wings from Publix Deli is now $13.99.

Steak, hamburger, chicken, fish, vegetables all up. Same with dairy products, + now coming in smaller packages. Same price.

When you can make the news say what you want, doesn't matter what the reality is.

I N F L A T I O N !

Exactly, and it’s unsustainable .

The “poverty level” you mentioned is a joke. Ethiopia has starving children.

Yeah sure some US kids may go to bed hungry , but starving in the streets...... bs

Everything.....
Everything..............

And it is all being dismissed or excused by Joey from what his spin masters tell him to say.

my buddy went to sams club to buy a 3/pk of baby backs. 55 bucks. like 6 bucks a pound. guess ribs are off the menu at the rem ranch

I've been in several stores that are selling packs of 2 ribeyes for $30-40/pack. Can't blame that on the farmers.

Lumber is almost back to pre covid. Coming soon to your local yard.

https://www.cnbc.com/2021/06/30/lum...june-biggest-monthly-drop-on-record.html

https://markets.businessinsider.com...-pre-pandemic-levels-homebuilding-2021-7

Whitehouse considering another lockdown.

Dumbasses.

Oh, we'll use what didn't work the first time...

Oh it worked as intended, more people on the government cheese. I`m guessing the next one will be even more successful imho.

6.5% growth compared to what......this time last year? If so, that's a pretty easy standard to exceed I'd think.

You are watching the destruction of the USD. Throughout history all fiat collapses...AII.... kinda like socialism, history shows it has never worked.
The reason fiat currencies collapse is because of exactly what they are doing now... debasing it with creating it out of thin air.
Anyone with two working brain cells can figure out you can't create prosperity or wealth from the printing of money.
The hangover is about to hit and some are going to suffer greatly.

Indeed...

If there's a kid going to bed hungry in this country it's because their parent are lazy dumbphucks. There's a job for everyone who wants one and there's more handouts for those who don't than I'd care to even acknowledge. All they'd have to do is waddle their dumbass to the local DHS office.

Exactly!

True prosperity, true wealth, is always created through personal innovation and the production of goods and products at the economic base. You must have robust production.

Financial instruments are in the end just a tax on society. Free market or not.

The European Union just posted 13% growth.

(the correct question is: compared to what?)

All Ponzi schemes come to an end and when they do, most participants are losers

Old Toot has become their useful propaganda idiot. Congratulations?

LMAO

Proctor & Gamble just reported Quarterly Earnings. They reported that their costs are increasing & they will be increasing prices on their products accordingly. Prices on a lot of this stuff is already up so get ready for even more increases. As soon as the market realizes that inflation is not “transitory” and interest rates start to turn up it will be a stampede to get out of the stock market.

How about when people discover many of the top priced companies produce no profit?

A lot of those “people” fit into the old saying: “A fool and their money is soon parted”.

He was born into that.

Shouldn't suprise anyone. Remember that little thing called COVID? It tanked the economy, it was on it's way up in the fall and continued to recover, regardless of who was in the WH, it was going to climb

I think we are all aware. My point was the left, as they typically do, change the meanings of words to suit them.

Added (Lazy or using gvt subsidies for crack , meth, cigarettes and PBR....)

Old_Toot is usually right about everything, so I would suggest always be hesitant to criticize him.

Personally, I am a B student, only right 80% of the time, so it is not a good idea for me to criticize anyone... especially Old_Toot.

Did covid tank the economy or the politicians reaction to it? pretty important distinction dontcha think?

Sure thing, Karen

Right on. Their goal is a one world currency.

Remember the expectations were in mid-20s (cuz he was starting so horribly low) so 6.5% is an abject failure.

It missed the 8.5% consensus estimate by 25%. We’re running on a stimulus high, too much cash and too low of interest rates for too long. This isn’t going to end well for anyone. Biden and Janet Yellen are both lying fools. 2022 is going to be a kick in the ball sack. The government is raping us by printing money hand over fist.

And they will blame capitalism and the useful idiots will lap it up

Bottom line, JG.

It’ll follow the coming international monetary reset . I think that most here at The Campfire will live to see it come to fruition.

It is only an important distinction if people are willing and able to do something about it, which I don't think they are yet. Holocough 2.0 could possibly change that but probably won't.

Good point..... things will get real when the stimi money and enhanced unemployment, rent moratoriums etc.... run out

And I think we are all going to live to see history repeat itself, and the gvt confiscate PMs again.

I read an interesting article that is predicting a huge world wide computer crash as a means for the re-set . Crippling financial institutions, fuel, food etc

There is a definite fragility to where the world now is.

Klaus Martin Schwab called it. He started and chairs the World Economic Forum. Kinda of like Fauci called the pandemic. Extraordinary prognosticators.

Which simply proves the economy is fake and unsustainable

You can jump off a tall building, it works,--- for a while.

Some major power could always start a war and get it back on track.
Sarc...

Agreed, for discussion of economic growth this quarter, how we got tanked is irrelevant. We are coming out of a horrible economic period, it's expected to grow

AMZN

$110B revenue this quarter. = $440B/year
$1.689T market capitalization

If Amazon stopped growing and made 5% profit on all goods = $22B/year, and we bought dividend stocks with 10% return on investment, then the company would be worth $2.2T.

Check my math, but Amazon stock looks cheap.