Indeed.
Time for another trillion dollar bill from Biden and the Democrats.
Biden and his administration are driving America into the ground.
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Stocks are a headed for a Big DropAfter Inflation Report
- Thread starter Earl
- Start date
Indeed.
Time for another trillion dollar bill from Biden and the Democrats.
Biden and his administration are driving America into the ground.
Year to date DOW loss is above 11%.
The CPI’s food index rose 11.4%, the largest year-over-year increase since May 1979.
In the past month alone, food prices jumped 0.8%.
Housing, medical care, new cars, and home furnishings were also more expensive.
In June, inflation reached a four-decade high of 9.1%.
In the 12 months ending in August, core prices jumped 6.3%, up from 5.9% in July. Rents, medical care services and new cars all grew more expensive in August.
The CPI’s food index rose 11.4%, the largest year-over-year increase since May 1979.
In the past month alone, food prices jumped 0.8%.
Housing, medical care, new cars, and home furnishings were also more expensive.
In June, inflation reached a four-decade high of 9.1%.
In the 12 months ending in August, core prices jumped 6.3%, up from 5.9% in July. Rents, medical care services and new cars all grew more expensive in August.
Monad Portal
Was it me?
That would be the bothists... That didn't come from one side. It is still stupid, but it wasn't from one party or the other, they worked "together" to make that crap happen.
Looks to also coincide with COVID recovery and the illegal Russian invasion of Ukraine and those two having a more likely affect than the Biden election, due to the facts that inflation is worldwide and hitting Europe harder than the USA.Can you tell when Biden was sworn in as president?
Monad Portal
Was it me?
ok. so the duopoly is to blame.
accept your role in it, libertarian unconditional corporate defender.
. Who Does Inflation Hurt and Help Most?
Inflation hurts poor people and those on fixed incomes the most.
Inflation helps borrowers and investors in stocks, real estate, and commodities.
https://investorplace.com/who-does-inflation-hurt-and-help-most/
Meh. You and I have nothing to worry about. It’s why I kept a 2.25% mortgage on one of my Hawaii properties. Wish I had kept the other.
Totally agree on that point. But there are many other foundational issues that have led us to this enormous income and wealth gap. Those discussions are for another day when sanity has been restored and we are actually talking about issues again. To your point, if I can borrow at less than 4% I know I'll come out ahead. My wife hates debt, and I did buy our current residence with cash, but mainly because the price was phenomenal because the seller couldn't take any finance offers. If rates come back down, I'll probably borrow against the house and invest the money. But since I retired and cracked the nest egg, I'm making way more than before I retired without touching principle. Rich guy problems.
We're finally going back to Hawaii next spring. Call me crazy, but I love Oahu.
hes also hurting the parasite class of Americans which could cost him even more.
the lower you are on the economic food chain the harder the bite in the ass becomes.
and winter is coming...
even drunken sailors cant believe what Pedo Joe is doing.
LOL...this from a guy who is a MEGA troll (see above for evidence).
Throwing ad hominem's around about anyone...like a loser.
Like he did above about Walt.
Plus?
He brags about how tough he is, how hot his wife is and how rich he is.
But offers ZERO evidence to back ANY of it up.
Bragging is SOO uncool.
Especially when you can't back it up.
Concart - a trolling braggard.
That is his online legacy.
