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» CPI comes in at 8.2% year over year, estimated 8.1%
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post 1669411643 10-13-2022, 10:16 AM
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#31
  1. NYPat
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Originally Posted By Retoaded
8% inflation

7% interest rates

markets losing 25% this year

canceled Keystone XL Pipeline deal

used half our strategic reserve of oil for political reasons

very dangerous war

no student loan cancellation

lost Arabs to Russia

infrastructure bill with no infrastructure

anti-inflation bill with no anti-inflation

43 genders

2 scoops
Lol remember when everyone said the withdrawal from Afghanistan was going to be the end of Biden? Yeah, no one is going to remember any of that chit you listed in two years when Trump inflation is gone and Trump recession is over.

Oh and two words: Six More Years!
post 1669411783 10-13-2022, 10:19 AM
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#32
  1. HateLiberals
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This is deboonked the inflation act is literally saving lives via climate change something or other
post 1669411963 10-13-2022, 10:23 AM
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#33
  1. Titansfan08
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Originally Posted By NYPat
Lol remember when everyone said the withdrawal from Afghanistan was going to be the end of Biden? Yeah, no one is going to remember any of that chit you listed in two years when Trump inflation is gone and Trump recession is over.

Oh and two words: Six More Years!
Patty, please don't have another meltdown
post 1669412043 10-13-2022, 10:23 AM
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#34
  1. Ratfish
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we need stimulus checks to help us with these increased costs
Make Europe Germany Again
post 1669412243 10-13-2022, 10:26 AM
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#35
  1. Guyfawkes1010
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Originally Posted By Ratfish
we need stimulus checks to help us with these increased costs
lol as much as I want to say yeah make it all burn down faster, that is exactly what the WEF fukkers want. So they can rebuild it under their international banker laws.
post 1669413293 10-13-2022, 10:40 AM
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#36
  1. GuitarJerry
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Seems to me we’re living in Trumps mess. Bidens mess will hit us in a few years. Trump got to take credit for Obama’s awesome economic upswing.

No sitting President impacts the economy to any large extent. It takes years for the fallout.

But, I know y’all know this.
post 1669413563 10-13-2022, 10:44 AM
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#37
  1. OliverHeldens
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Originally Posted By GuitarJerry
Seems to me we’re living in Trumps mess. Bidens mess will hit us in a few years. Trump got to take credit for Obama’s awesome economic upswing.

No sitting President impacts the economy to any large extent. It takes years for the fallout.

But, I know y’all know this.
This is all related to spending and lockdowns from Covid. There is one party who was in favor of shutting down the economy for Covid.
post 1669413633 10-13-2022, 10:46 AM
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#38
  1. saltypits
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Originally Posted By NYPat
Lol remember when everyone said the withdrawal from Afghanistan was going to be the end of Biden? Yeah, no one is going to remember any of that chit you listed in two years when Trump inflation is gone and Trump recession is over.

Oh and two words: Six More Years!
Come next month the Biden administration will be utterly powerless.
post 1669414213 10-13-2022, 10:55 AM
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#39
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Originally Posted By Retoaded
8% inflation

7% interest rates

markets losing 25% this year

canceled Keystone XL Pipeline deal

used half our strategic reserve of oil for political reasons

very dangerous war

no student loan cancellation

lost Arabs to Russia

infrastructure bill with no infrastructure

anti-inflation bill with no anti-inflation

43 genders

2 scoops
and no mean tweets
post 1669415013 10-13-2022, 11:07 AM
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#40
  1. Silencespeaks
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Post deleted by user
post 1669415403 10-13-2022, 11:14 AM
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#41
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Originally Posted By Silencespeaks
This

Except maybe art? Idk but there has to be a market that the elite will funnel money into.

Stocks crypto and real estate are done for now until interest rates are cut again.
Mortgages going from 3% -> 8% in a year is absolutely fukking psycho and I think mortgagecel crew is in denial of that. Home prices would have to fall in half for the same monthly payment, and buyers were tapped out on that high monthly payment to begin with.

Price cuts will grind on slowly, because RE is such an illiquid market, but we're not looking at a 5%-10% RE correction, we are looking at a 30%-50% crash unless the Fed pivots.
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
post 1669415753 10-13-2022, 11:19 AM
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#42
  1. saltypits
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Originally Posted By FA*******
Price cuts will grind on slowly, because RE is such an illiquid market, but we're not looking at a 5%-10% RE correction, we are looking at a 30%-50% crash unless the Fed pivots.
A crash like that will only happen if there are mass job losses.
post 1669415893 10-13-2022, 11:21 AM
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#43
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When libs scream "The bIdEn bOom!!", they're referring to the booming price of everyday necessities.
post 1669416013 10-13-2022, 11:23 AM
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#44
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Originally Posted By saltypits
A crash like that will only happen if there are mass job losses.
While I agree there would need to be job losses for a legit "crash", but values are already down 8% from the peak in many places. Albeit those prices were very inflated. Places like Miami will see likely see 20% drops even without significant job losses.
post 1669416243 10-13-2022, 11:27 AM
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#45
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Originally Posted By saltypits
A crash like that will only happen if there are mass job losses.
Good thing layoffs are starting!
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
post 1669416613 10-13-2022, 11:33 AM
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#46
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Originally Posted By GuitarJerry
Seems to me we’re living in Trumps mess. Bidens mess will hit us in a few years. Trump got to take credit for Obama’s awesome economic upswing.

No sitting President impacts the economy to any large extent. It takes years for the fallout.

But, I know y’all know this.
When a president can drive the policy on money printing, yes they do.

Trump printed money during covid. Should have stopped in the fall of 2020 but didn't because of elections.

BUT, biden should have stopped the money printing as soon as he got in office - instead he put his gas down on the pedal. This time last year they lied to us and told us inflation is not real and is transitory, and they continued to print money. They finally stopped QE and are no backpedaling hard to deal with runaway inflation.

What is hilarious is ppl are freaking out over the y/y inflation. If news outlets were to talk about inflation measured against 2 years back, then LOL ppl would understand how fukked this is.

Cliffs:
- yes trump has some culpability here
- but Biden really fukked us
mo e
post 1669417483 10-13-2022, 11:48 AM
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#47
  1. leoaa777
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Originally Posted By NYPat
Lol remember when everyone said the withdrawal from Afghanistan was going to be the end of Biden? Yeah, no one is going to remember any of that chit you listed in two years when Trump inflation is gone and Trump recession is over.

Oh and two words: Six More Years!
At this pace there won’t be a country in 6 years. Negged for mindless liberalism.
☆ Member of the Brave 767 crew ☆ Never forget.
-Florida Gators-
post 1669417663 10-13-2022, 11:50 AM
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#48
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Originally Posted By leoaa777
At this pace there won’t be a country in 6 years. Negged for mindless liberalism.
Yeah yeah we heard the same thing after 8 years of Obama by you morons. Negs back on recharge.
post 1669419053 10-13-2022, 12:09 PM
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#49
  1. katya422
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Originally Posted By mulletwarrior
When a president can drive the policy on money printing, yes they do.

Trump printed money during covid. Should have stopped in the fall of 2020 but didn't because of elections.

BUT, biden should have stopped the money printing as soon as he got in office - instead he put his gas down on the pedal. This time last year they lied to us and told us inflation is not real and is transitory, and they continued to print money. They finally stopped QE and are no backpedaling hard to deal with runaway inflation.

What is hilarious is ppl are freaking out over the y/y inflation.If news outlets were to talk about inflation measured against 2 years back, then LOL ppl would understand how fukked this is.

Cliffs:
- yes trump has some culpability here
- but Biden really fukked us
Many things have roughly doubled in price in that time period.
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1669419083 10-13-2022, 12:09 PM
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#50
  1. Retoaded
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Originally Posted By NYPat
Lol remember when everyone said the withdrawal from Afghanistan was going to be the end of Biden? Yeah, no one is going to remember any of that chit you listed in two years when Trump inflation is gone and Trump recession is over.
just two more years to flatten the inflation
post 1669426973 10-13-2022, 02:00 PM
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#51
  1. saltypits
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Originally Posted By OliverHeldens
While I agree there would need to be job losses for a legit "crash", but values are already down 8% from the peak in many places. Albeit those prices were very inflated. Places like Miami will see likely see 20% drops even without significant job losses.
8% is nothing.

Take a $1.5m shthole in NYC. Take off 8%. Wow, now it's only $1.38m. What a deal!

Fuk, take 20% off. Is it affordable now?
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