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Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: June 06, 2021 11:29AM

The real war has already started. We are at the beginnings of a civil war. I don't know if it will actually become a physical war or not but the leadership is divided and so is the country. 13% of the population (blacks) has divided the rest. All it will take is a larger uprising and division within military leadership. This has happened twice. The first civil war was actually during our independence when many people in north america were actually british and part of the british military broke away and we fought the british to become the USA. The second civil war was fought over economics of slavery and political control of that system.

Current accelerated inflation being shrugged off by the left, low interest rates the fed cannot raise due to massive debt and risk of default (happened under Carter and shut down the economy), risk of hyperinflation, invasion by latino illegals and added strain to the financials to give them free schooling etc, raising taxes on growth creators and corporations, paying people to not work, other countries trying to figure out a way to get away from the US dollar standard (and this will literally destroy our financial system if we can no longer print money)...it's all the perfect storm.

My prediction: we have 5-10 years at most left before the US completely collapses

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Re: Turn Out The Lights, The Party's Over
Posted by: VeryVeryInteresting ()
Date: June 06, 2021 11:40AM

“Every great revolution is a civil war,” as David Armitage has recently remarked. That insight could change the way we think about the American Revolution. Contemporaries understood it that way—or at least, they did at first. David Ramsay, the first patriot historian of the war, held that the Revolution was “originally a civil war in the estimation of both parties.” Mercy Otis Warren wrote that the fires of civil war were kindled as early as the Boston massacre. But in the narratives of these historians, the moment the United States declared independence was the moment the conflict stopped being a civil war. It was no longer being fought within a single imperial polity. Now it was a war between two nations."

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Re: Turn Out The Lights, The Party's Over
Posted by: Just sayn ()
Date: June 06, 2021 01:13PM

LookingAhead Wrote:
-------------------------------------------------------
> The real war has already started. We are at the
> beginnings of a civil war. I don't know if it will
> actually become a physical war or not but the
> leadership is divided and so is the country. 13%
> of the population (blacks) has divided the rest.
> All it will take is a larger uprising and division
> within military leadership. This has happened
> twice. The first civil war was actually during our
> independence when many people in north america
> were actually british and part of the british
> military broke away and we fought the british to
> become the USA. The second civil war was fought
> over economics of slavery and political control of
> that system.
>
> Current accelerated inflation being shrugged off
> by the left, low interest rates the fed cannot
> raise due to massive debt and risk of default
> (happened under Carter and shut down the economy),
> risk of hyperinflation, invasion by latino
> illegals and added strain to the financials to
> give them free schooling etc, raising taxes on
> growth creators and corporations, paying people to
> not work, other countries trying to figure out a
> way to get away from the US dollar standard (and
> this will literally destroy our financial system
> if we can no longer print money)...it's all the
> perfect storm.
>
> My prediction: we have 5-10 years at most left
> before the US completely collapses


Tldr but the real war is the rich top 5% destroying the working class rights
Trump followers are their useful idiots
They laugh at you

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Re: Turn Out The Lights, The Party's Over
Posted by: Your The Idiot Commuist here ()
Date: June 06, 2021 01:52PM

If you ever get your wish and the millions of Red Chinese invade , your surprise as they enslave you and work you to death with daily beatdowns will be so amusing to them , No one has any use for you but your own selfish stupid leftist idiots who are the "woke"

Your side is mostly now the elitist rich with liability lawyers scammers and big tech multimillionaire/billionaires who support the Democrats

You want a dwindling middle class of conservatives a big well off to rich class of elitist Democrat liberals in power and a gigantic poverty class of low info voters to keep you in power for the welfare you dole out to keep them on your hopeless (D) plantation

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Re: Turn Out The Lights, The Party's Over
Posted by: The Really Funny Thing Is ()
Date: June 06, 2021 02:02PM

>Tldr but the real war is the rich top 5% destroying the working class rights
Trump followers are their useful idiots
They laugh at you

Dregs like you are the ones who are the low info impoverished ones living a ghetto like existence as you post right here

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Re: Turn Out The Lights, The Party's Over
Posted by: ppfvu ()
Date: June 06, 2021 02:09PM

It's true. Just look at Biden and the DNC's latest handout proposal to the wealthy as an "infrastructure bill".

Nothing like paying nursing homes via tax credits and vouchers, grocery stores and large food manufacturers via govt subsidies, universal basic income for doing nothing, big payments to universities that teach nothing, and big subsidies to Asia masked as green energy.

The modern mobocracy is the democrat party and the payers of protection money/tribute /graft are people who WORK, AKA the tax payer. Meanwhile the poors actually jump up and down thinking they're getting something for nothing from democrats. The DNC runs the inner-shitties and has for 75 years - mayors, alderman, city council, chiefs in every city department, etc.

And after 75 YEARS of handouts brought to you by the DNC, the poors are still poor. Why is that??

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Re: Turn Out The Lights, The Party's Over
Posted by: Democrats Can't Get Enough Poor ()
Date: June 06, 2021 05:34PM

So they have been inviting them to come over our southern US border for at least 20 years now, lately like there's no tomorrow just look at what its done to Fairfax and our schools . They need a endless supply of poor to keep them in power so the poor never get ahead , they just stay perpetually poor and that is really truly racist because the poor are disproportionately people of color !

There is a reasonable non racist remedy . Never vote for a Democrat

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Re: Turn Out The Lights, The Party's Over
Posted by: This Checks Out! ()
Date: June 06, 2021 06:01PM

ppfvu Wrote:
-------------------------------------------------------
> It's true. Just look at Biden and the DNC's latest
> handout proposal to the wealthy as an
> "infrastructure bill".
>
> Nothing like paying nursing homes via tax credits
> and vouchers, grocery stores and large food
> manufacturers via govt subsidies, universal basic
> income for doing nothing, big payments to
> universities that teach nothing, and big subsidies
> to Asia masked as green energy.
>
> The modern mobocracy is the democrat party and the
> payers of protection money/tribute /graft are
> people who WORK, AKA the tax payer. Meanwhile the
> poors actually jump up and down thinking they're
> getting something for nothing from democrats. The
> DNC runs the inner-shitties and has for 75 years -
> mayors, alderman, city council, chiefs in every
> city department, etc.
>
> And after 75 YEARS of handouts brought to you by
> the DNC, the poors are still poor. Why is that??


This Checks Out!

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Re: Turn Out The Lights, The Party's Over
Posted by: Uncle Adolf ()
Date: June 06, 2021 09:17PM

.
Attachments:
a81faa17a403bc89.png

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Re: Turn Out The Lights, The Party's Over
Posted by: The Poor The Poor The Poor ()
Date: June 06, 2021 10:53PM

Never enough poor to satisfy a Democrat for another low income welfare vote as USS USA slowly is going down burdened by overwhelming Democrat spend spend spend debt

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Re: Turn Out The Lights, The Party's Over
Posted by: Just askn ()
Date: June 07, 2021 09:07AM

Who got rich under trump and who didn't?

Hint we lost 25% of our coal jobs under trump

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: June 07, 2021 11:24AM

Just askn Wrote:
-------------------------------------------------------
> Who got rich under trump and who didn't?
>
> Hint we lost 25% of our coal jobs under trump

Getting rich doesn't follow party lines. Whether there is a Democrat or Republican president, the same people get rich and the same people stay poor.

"The U.S. has the highest level of income disparity of all industrialized nations, with over 40 million people living in poverty. Between 1980 and 2014 (the span of one generation as well as having both Democrat and Republican presidents), the income of the bottom 50% of U.S. earners (adjusted for inflation) basically stagnated while for the top 10% of earners, it increased 121% and for the top 1%, it increased 205%. The majority of America’s millennials today are worse off than their parents were at a similar age."

- in other words, Democrat and Republican leaders unanimously enact what is in favor of the wealthy but both try to convince you that they care about the poor and middle class

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Re: Turn Out The Lights, The Party's Over
Posted by: Jus Askin ()
Date: June 07, 2021 11:36AM

Hint we lost 25% of our coal jobs under trump

Of course Democrat's ran on shutting down coal mines and they have pushed federal regulations that has resulted in miners being laid off

But pay no mind to that because we lie our asses off about everything we do that's bad for America like passing blame on Trump for the Covid when we did nothing in congress to help in 2020 , then we lie and say we did the great things too like getting the Covid 19 vaccine out in record time when Trump did just that

Were Democrats of course

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Re: Turn Out The Lights, The Party's Over
Posted by: XOXOXOXO ()
Date: June 07, 2021 11:54AM

Jus Askin Wrote:
-------------------------------------------------------
> Hint we lost 25% of our coal jobs under trump
>
> Of course Democrat's ran on shutting down coal
> mines and they have pushed federal regulations
> that has resulted in miners being laid off
>
> But pay no mind to that because we lie our asses
> off about everything we do that's bad for America
> like passing blame on Trump for the Covid when we
> did nothing in congress to help in 2020 , then we
> lie and say we did the great things too like
> getting the Covid 19 vaccine out in record time
> when Trump did just that
>
> Were Democrats of course


It's obvious you didn't read the post above yours. It's ok. Everyone should just keep drinking the kool-aid that their preferred dishonest political party is putting out.

In the meantime, just turn a blind eye to the financial crisis that has already started. In a few years, you'll be eating roadkill and dried grass for dinner.

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Re: Turn Out The Lights, The Party's Over
Posted by: lying libfags lying again ()
Date: June 07, 2021 12:08PM

Just askn Wrote:
-------------------------------------------------------
> Who got rich under trump and who didn't?
>
> Hint we lost 25% of our coal jobs under trump


You can't turn around an industry after 8 years of decimating it. And it wasn't 25% of coal jobs under Trump. It was about 1000 jobs lost total from early 2017 to early 2020, out of a total number of about 50,000 coal mining jobs. Liar!

https://www.forbes.com/sites/chuckjones/2020/03/07/the-coal-industry-has-lost-almost-one-thousand-jobs-since-trump-became-president/?sh=64692c392e29

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Re: Turn Out The Lights, The Party's Over
Posted by: The Yepster ()
Date: June 07, 2021 12:09PM

Troofer Wrote:
-------------------------------------------------------

> - in other words, Democrat and Republican leaders
> unanimously enact what is in favor of the wealthy
> but both try to convince you that they care about
> the poor and middle class


yep

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Re: Turn Out The Lights, The Party's Over
Posted by:   ()
Date: June 07, 2021 12:10PM

2031. That's the year we implode. Be ready and don't say you weren't told. It's all been written.

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Re: Turn Out The Lights, The Party's Over
Posted by: HolyCrap ()
Date: June 07, 2021 01:28PM

Reported today. Ouch.

"By the end of Biden’s term in 2024, the debt ratio as a share of the nation’s economy is projected to reach nearly 114 percent. What’s more, the levels of federal spending would average 24.5 percent of the nation’s economy for a decade.

Let’s put that in historical context. Biden’s budget blows beyond the massive government spending during WWII and FDR’s New Deal when public debt measured to economic output reached 106 percent in 1946. Let’s also not forget it was Vice President Biden who promised us that President Obama’s trillion dollar stimulus package and its “shovel-ready” projects would lead us out of recession. Now he’s pitching a $6 trillion spending spree that calls for this Iowa farmer to stick to his guns on fiscal discipline. Otherwise, this administration will hook up Uncle Sam’s fire hose to the U.S. Treasury and fuel the fires of inflation that harm lower-income families and seniors on fixed incomes the most. And that puts the Federal Reserve in a pickle to hike interest rates to keep the lid on inflation, which in turn, would increase the government’s borrowing costs, quickly spiraling our country even deeper into debt."

The OP talked about inability to raise interest rates due to the high debt.

OP's post checks out.

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Re: Turn Out The Lights, The Party's Over
Posted by: All 4 Me doesn't work ()
Date: June 07, 2021 02:53PM

To blame the current problems in America on blacks displays the OP's blatant racism. It is certainly true that well over 50% of America's blacks are in favor of radically restructuring the country's social, economic and political system. Blacks are not the only ones who feel this way. Blacks do not constitute a majority of either those who feel this way or their leaders. In fact you cannot even say that it is a liberal thing. Many conservatives today are just as much in favor of a radical restructuring of the country's social, economic and political system. Those conservatives just have different goals for that restructuring.

America the great was the United States that came out of WW2. It was not a place where anyone who wanted to would be a great success. It was however a place where if you were white, male and physically fit, then if you worked hard and didn't make stupid mistakes you stood a reasonable chance of achieving a comfortable lifestyle regardless of where you started out. It worked mostly because the bulk of white male Americans, rich or poor, liberal or conservative, urban or rural, business owner or employee bought into a social contract which said "It isn't all about you. It is also about what is best for society". Most blacks and women in the 1960s were just asking to be included in that bargain.

Then in the 1980s we took that social contract and fed it into the shredder. Since then it has been every man, woman or whatever or themselves. If rich people and companies are able to insist that they be allowed to play the game in a way that benefits them, then why shouldn't poor people and "minorities" be allowed to do the same. If rich people insist that the government spend billions on benefits for them, then why can't poor people do the same.

The salvation of America won't happen by traditionalists insisting that the disgruntled shut up and accept the way things are. There are a hell of a lot more disgruntled out there than there are of you. Salvation requires the slaughtering some some of your golden cows.

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Re: Turn Out The Lights, The Party's Over
Posted by: ksdhfebhj ()
Date: June 07, 2021 03:20PM

All 4 Me doesn't work Wrote:
-------------------------------------------------------
> To blame the current problems in America on blacks
> displays the OP's blatant racism.

I don't think the op blamed blacks for our problems but he/she did use the racial issues as part of our division. Look at the whole post and its clear that there are many issues at play in what he/she called the perfect storm.

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Re: Turn Out The Lights, The Party's Over
Posted by: Yeah right…. ()
Date: June 07, 2021 03:50PM

I think this would be a wonderful opportunity to pause for a moment and give thanks for the great contributions of the black community to our society. Their peaceful and generous nature makes them ideal neighbors, lending testimony to their exceptional family values and parenting skills unrivaled by any other culture. Their child-rearing practices and skills mixed with their unparalleled work ethic are second to none. Their rational and logical thought toward circumstances coupled with their innate capability to de-escalate situations is to be envied and coveted. Their commitment to academic excellence enriches our schools and serves as an example to all who hope to achieve prominence as a people. Real estate values are fueled by the mix of African-Americans into an area due to their caring and respectful nature of these communities, an example of all they have achieved through their enthusiasm for self-improvement, hard work and a self-reliant nature. Without their industrious and creative drive, we would be poorer as a nation.

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Re: Turn Out The Lights, The Party's Over
Posted by: ObserverInChief ()
Date: June 07, 2021 03:54PM

Yeah right…. Wrote:
-------------------------------------------------------
> I think this would be a wonderful opportunity to
> pause for a moment and give thanks for the great
> contributions of the black community to our
> society. Their peaceful and generous nature makes
> them ideal neighbors, lending testimony to their
> exceptional family values and parenting skills
> unrivaled by any other culture. Their
> child-rearing practices and skills mixed with
> their unparalleled work ethic are second to none.
> Their rational and logical thought toward
> circumstances coupled with their innate capability
> to de-escalate situations is to be envied and
> coveted. Their commitment to academic excellence
> enriches our schools and serves as an example to
> all who hope to achieve prominence as a people.
> Real estate values are fueled by the mix of
> African-Americans into an area due to their caring
> and respectful nature of these communities, an
> example of all they have achieved through their
> enthusiasm for self-improvement, hard work and a
> self-reliant nature. Without their industrious and
> creative drive, we would be poorer as a nation.

LOL. Well-said.

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Re: Turn Out The Lights, The Party's Over
Posted by: TriggeredMasses ()
Date: June 07, 2021 05:09PM

ksdhfebhj Wrote:
-------------------------------------------------------
> All 4 Me doesn't work Wrote:
> --------------------------------------------------
> -----
> > To blame the current problems in America on
> blacks
> > displays the OP's blatant racism.
>
> I don't think the op blamed blacks for our
> problems but he/she did use the racial issues as
> part of our division. Look at the whole post and
> its clear that there are many issues at play in
> what he/she called the perfect storm.

People read what they have been conditioned to read and are generally blind to any rational thoughts

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Re: Turn Out The Lights, The Party's Over
Posted by: Got A Brain So Start Thinking ()
Date: June 07, 2021 05:48PM

>It's obvious you didn't read the post above yours. It's ok. Everyone should just keep drinking the kool-aid that their preferred dishonest political party is putting out.

Keep on sitting on the fence screwing yourself and the US people , today you must choose between the worst of two evils and never vote for that party, That worst evil is the lying scheming racial pandering no good DEMOCRATS all the way. The GOP has its share of self serving POS who are mostly Bush Rinos but there not anywhere close to the corruption of our constitution of the (D) People think they vote on principals, theres no principal to a Democrat a vote on principal is a vote for the worst of the worst the (D) How's the price of gas lumber and everything that's going up with principal , how about staying out of wars , sure thing principal will get the US right into one with the incompetent (D) running the country now

Trump was a billionaire and still is , he needed nothing , he ran to get this country back into the sanity of good government , the Democrat's were inflamed so badly its a god dammed surprise they all did not catch fire over their hate and their still about to catch like gas every time Trump pops up in their heads

Trump must be living in yours rent free too on principal , say its not so

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Re: Turn Out The Lights, The Party's Over
Posted by: Use it properly ()
Date: June 07, 2021 07:34PM

A brain misused is worse than a brain underused.

Donald Trump was the worst president to serve in my lifetime. Since I lived through the Carter years that is saying something. Now that he is no longer in office I don't give him a thought. That you still revere the guy despite him spending four years showing how utterly incompetent he is says all I need to know about you.

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Re: Turn Out The Lights, The Party's Over
Posted by: Truth is truth ()
Date: June 07, 2021 08:17PM

Got A Brain So Start Thinking Wrote:
-------------------------------------------------------
> >It's obvious you didn't read the post above
> yours. It's ok. Everyone should just keep drinking
> the kool-aid that their preferred dishonest
> political party is putting out.
>
> Keep on sitting on the fence screwing yourself and
> the US people , today you must choose between the
> worst of two evils and never vote for that party,
> That worst evil is the lying scheming racial
> pandering no good DEMOCRATS all the way. The GOP
> has its share of self serving POS who are mostly
> Bush Rinos but there not anywhere close to the
> corruption of our constitution of the (D) People
> think they vote on principals, theres no principal
> to a Democrat a vote on principal is a vote for
> the worst of the worst the (D) How's the price of
> gas lumber and everything that's going up with
> principal , how about staying out of wars , sure
> thing principal will get the US right into one
> with the incompetent (D) running the country now
>
> Trump was a billionaire and still is , he needed
> nothing , he ran to get this country back into the
> sanity of good government , the Democrat's were
> inflamed so badly its a god dammed surprise they
> all did not catch fire over their hate and their
> still about to catch like gas every time Trump
> pops up in their heads
>
> Trump must be living in yours rent free too on
> principal , say its not so


Let's just be real
This is about whites wanting to install apartheid(sp) in America because they are getting out numbered and left behind
Folks should have studied more, and been willing to work in the fields and of course had more babies

Saying college is for libs and manual labor is for spiccs hasn't worked out so well

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Re: Turn Out The Lights, The Party's Over
Posted by: Nig Nogs Party All The Time ()
Date: June 07, 2021 10:28PM

LookingAhead Wrote: https://youtu.be/iWa-6g-TbgI
-------------------------------------------------------
> The real war has already started. We are at the
> beginnings of a civil war. I don't know if it will
> actually become a physical war or not but the
> leadership is divided and so is the country. 13%
> of the population (blacks) has divided the rest.
> All it will take is a larger uprising and division
> within military leadership. This has happened
> twice. The first civil war was actually during our
> independence when many people in north america
> were actually british and part of the british
> military broke away and we fought the british to
> become the USA. The second civil war was fought
> over economics of slavery and political control of
> that system.
>
> Current accelerated inflation being shrugged off
> by the left, low interest rates the fed cannot
> raise due to massive debt and risk of default
> (happened under Carter and shut down the economy),
> risk of hyperinflation, invasion by latino
> illegals and added strain to the financials to
> give them free schooling etc, raising taxes on
> growth creators and corporations, paying people to
> not work, other countries trying to figure out a
> way to get away from the US dollar standard (and
> this will literally destroy our financial system
> if we can no longer print money)...it's all the
> perfect storm.
>
> My prediction: we have 5-10 years at most left
> before the US completely collapses

https://youtu.be/iWa-6g-TbgI
Attachments:
763E81CB-DE19-43A2-BFCE-9AFCD5846DE3.gif
18A9A16F-F9F1-48D8-8275-5753D1F2A30A.jpeg
F9785D66-910F-4659-94E7-87D154930082.gif
D03893B0-0E14-401D-98D3-6A3F3CFA6E00.gif
B40DBAF9-3652-4A95-BBA5-3D85125D0AC4.gif

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Re: Turn Out The Lights, The Party's Over
Posted by: Truth Hurts Liberals ()
Date: June 07, 2021 11:54PM

>The salvation of America won't happen by traditionalists insisting that the disgruntled shut up and accept the way things are. There are a hell of a lot more disgruntled out there than there are of you. Salvation requires the slaughtering some some of your golden cows.

The salvation of America starts with deporting all illegals and massively reducing the number of legal immigrants to only allow those who we need with job skills that can be self sufficient in the US today

The poor the poor ! That's all you hear from the Democrats as they continue to allow poor illegals into the USA who for the great majority will be on welfare the minute they become parents of an American citizen as well as the legal leech immigrant who come here for our welfare and they now number in the millions and reliably vote (D) once they become US citizens for the endless welfare

In the 1960s a US war on poverty was started , it will never end , never be won and has been forgotten because the Democrats can't get enough poor into the USA as fast as they want to insure votes for the (D) to gain complete control of the country to steer it toward a socialist then communist state. Your US rights as a citizen are at risk with these out of control leftists today that have no respect for the constitution as they scream about rules of law while they ignore so many rules of law to weaken America. The ones joining in on this with them over "systemic racism ,climate change and other leftist decisive garbage are the greatest fools and stooges in the history of mankind

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Re: Turn Out The Lights, The Party's Over
Posted by: If Have A Brain Use IT And Think ()
Date: June 08, 2021 12:23AM

>A brain misused is worse than a brain underused.

Think about the ways Democrats are trying to ruin your country and stop being their stooge looking for ways to play their race cards

. I was sucked into voting for Jimmy Carter a good man and a somewhat weak president for "the change" , JOE Biden is not even a good man and he is a far worse and weaker president then Jimmy Carter. Trump was a great strong president who looked out for the American people which made you and the left show how much you truly hate the people of the USA with your hypocritical hate of Trump while forgiving Joes huge faults that far outshadow any other presidents .If Trump had a strong Republican congress not riddled with weak jealous Bush Rinos he would have got many more projects good for America on the fast track to completion and the American people would adore him for it, reelecting him with ease

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Re: Turn Out The Lights, The Party's Over
Posted by: Use it properly ()
Date: June 08, 2021 09:00AM

I also think about all the ways the Republicans are trying to ruin my county, and the (supposedly) non-Republican Trumpers. It isn't a battle between GOOD and EVIL. It is a battle between differing versions of blatant self interest and hypocrisy.

Donald Trump was not a great, strong president who looked out for the American people. He was a bombastic president, woefully unprepared for the job and unwilling to learn, who looked out for himself. As I said before that you still revere the guy says all I need to know about you.

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Re: Turn Out The Lights, The Party's Over
Posted by: unipt ()
Date: June 08, 2021 10:37AM

Trump = America First
Uniparty = America Last

That's just fact. It's not about Trump. It's about America First.

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Re: Turn Out The Lights, The Party's Over
Posted by: whackedoutpeeps ()
Date: June 08, 2021 03:10PM

its a fact its been over for a while now, its just picking up speed

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Re: Turn Out The Lights, The Party's Over
Posted by: Low Info People Don't Care ()
Date: June 08, 2021 03:32PM

They are far too uninformed and are now waiting for legal weed on 7-1-21 in Virginia,if they are people of color they parrot what the leftist masters tell them to think, even if they are the well off privileged white liberal elites with advanced college degrees they do the same which really comes down to what a waste of money higher education is on them because they are voting for their own self destruction in due time

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Re: Turn Out The Lights, The Party's Over
Posted by: kwfewgfg ()
Date: June 08, 2021 04:12PM

Low Info People Don't Care Wrote:
-------------------------------------------------------
> They are far too uninformed and are now waiting
> for legal weed on 7-1-21 in Virginia,if they are
> people of color they parrot what the leftist
> masters tell them to think, even if they are the
> well off privileged white liberal elites with
> advanced college degrees they do the same which
> really comes down to what a waste of money higher
> education is on them because they are voting for
> their own self destruction in due time


Agree in overall message with one change. There are sheep on both sides.

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Re: Turn Out The Lights, The Party's Over
Posted by: True Because ()
Date: June 08, 2021 05:40PM

The Democrats of all types spend their lives as screamers because conservatives are living in their heads stopping them from their socialist dreams

The conservitives spend their lives having fun with the money they worked hard to earn

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Re: Turn Out The Lights, The Party's Over
Posted by: MarketWatch ()
Date: June 09, 2021 12:28PM

Another day, global concerns rise about inflation and the every-day person is gonna take it up the ass with prices and job losses if it continues.

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Re: Turn Out The Lights, The Party's Over
Posted by: lsefhrhervjek ()
Date: June 10, 2021 03:29PM

For those of you who won't read, I will summarize: we are fucked

Just reported June 7 by Deutsche Bank:

According to the report, “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”

As Deutsche Bank notes, “The current fiscal stimulus is more comparable with that seen around WWII. Then, US deficits remained between 15-30% for four years. While there are many significant differences between the pandemic and WWII we would note that annual inflation was 8.4%, 14.6% and 7.7% in 1946, 1947 and 1948 after the economy normalised and pent-up demand was released.”

The Deutsche Bank report concludes with this dire warning, “We worry that inflation will make a comeback. Few still remember how our societies and economies were threatened by high inflation 50 years ago. The most basic laws of economics, the ones that have stood the test of time over a millennium, have not been suspended. An explosive growth in debt financed largely by central banks is likely to lead to higher inflation. … Rising prices will touch everyone. The effects could be devastating, particularly for the most vulnerable in society. Sadly, when central banks do act at this stage, they will be forced into abrupt policy change which will only make it harder for policymakers to achieve the social goals that our societies need.”

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: The Nutshell Doom Analyst ()
Date: June 10, 2021 04:41PM

Democrats have super screwed the American people for decades now giving our money away to greedy world nations that we rebuilt with trillions after a few asshole racist countries started trying to blow the world up 82 years ago

We could have handled that even though the US got no respect from these peoples who let us do the dirty job of defending the free world from communism which they and our Democrats now want as Democrats call their harmful socialist programs and dreams "Democracy" to consume all of us , while The world the US rebuilt got richer and more well off today then we are to the point they look down at us with scorn , they hated President Trump for his America first stance especially over NATO but JOE is no favorite as they think he is nothing but an foolish old Democrat hack and a stooge

Enter the Chinese Covid 19 virus which Democrats resisted every good deed President Trump did to put the American people first of every race and religion as they threw race cards at his efforts to contain the virus and laughed at him on their leftist "news" , "shit-u-ation" comedy's and no talent late night shows that brain wipe millions to vote (D) to be with the "popular crowd that hates Trump and the GOP " a programed emotion which the leftist media jackals exploit successfully as Democrats resisted every move Trump made and did nothing to even try to stop the spread of C19 in the USA to pass blame on Trump that "he did it" with their lying media

No comes JOE who thinks he's got a "mandate" with no senate majority and a slim majority in the house as he lamely attempts more half ass social engineering programs to ruin the USA by insolvency like Obama started . Programs in JOES world controlled by his leftist masters which are nothing but race pandering and way out eviro freak paybacks for votes so JOE can brag he's the hero if he gets his way to ruin as this county is the deepest debt crisis its ever been in and will be fighting for its life to dig its way out

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Webster English Interpreter ()
Date: June 10, 2021 04:48PM

Ahh a "Shit-U-Ation" is anything Democrats get involved in or propose , It's going on here in Virginia right now as MCAWFUL will be the Democrat running for governor

That's a real example of a very bad Shit-U-Ation for Virginia

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Re: Turn Out The Lights, The Party's Over
Posted by: Prospective Felon And Murderer ()
Date: June 10, 2021 04:51PM

For me it's great news , my con artist comrades drug pushers pickpockets and thieves agree all the way about it

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Registered Democrat ()
Date: June 10, 2021 05:12PM

So what about inflation and high interest bank loans and way high credit cards, so what that house loans were 9 and 10 % so what! 50 years ago I got a free toaster with my new savings acct and it paid 6 % interest. I also had a NRA savings certificate for 2500 dollars I held it for 10 years and got a new Weatherby 460 magnum to hunt elephants right before they outlawed ivory. Im a big winner of inflation !

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Re: Turn Out The Lights, The Party's Over
Posted by: LOL At Fools ()
Date: June 10, 2021 06:00PM

>The Nutshell Doom Analyst ()

If it wasn't for Democrats you would not have shit and you know it idiot!
Attachments:
trailertrash.jfif

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: 89p89p ()
Date: June 10, 2021 10:15PM

I bet hiring a bucket loader is the HIGH COST and longer hours way to get those homes into a dumpster

MUST BE A DEMOCRAT RUN PROJECT

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Re: Turn Out The Lights, The Party's Over
Posted by: How Those ARM Loans ()
Date: June 10, 2021 10:29PM

Ready to see Democrat voters thrown out of their homes for their JOE vote

Or "principals" again , then there's the principled RINOS who hated on Trump and went with JOE who also will be losing homes with their ARM'S

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Re: Turn Out The Lights, The Party's Over
Posted by: That's Funny ()
Date: June 10, 2021 10:31PM

When the RINOS get the shaft
Attachments:
thatsfunny.gif

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Re: Turn Out The Lights, The Party's Over
Posted by: LookingGlass ()
Date: June 10, 2021 10:33PM

It would be smart to be intelligently prepared ie freezer full of food, canned foods (beans, meats, etc), (unhealthy but sustainable) boxed foods like mac/cheese or beans and rice

Ask any 55+ year old adult about 1980, 13% inflation, prime interest rate of 20%, and unemployment rate fluctuating between 11-20%. It was the worst recession the US has ever had and the current situation is setting us up for something far worse.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: ivysdad ()
Date: June 10, 2021 10:44PM

LookingGlass Wrote:
-------------------------------------------------------
> It would be smart to be intelligently prepared ie
> freezer full of food, canned foods (beans, meats,
> etc), (unhealthy but sustainable) boxed foods like
> mac/cheese or beans and rice
>
> Ask any 55+ year old adult about 1980, 13%
> inflation, prime interest rate of 20%, and
> unemployment rate fluctuating between 11-20%. It
> was the worst recession the US has ever had and
> the current situation is setting us up for
> something far worse.

In my 63 years, the last 4 years have been the worst 4 years hands down. The 1980 recession was nothing. Everyone could get jobs, degree or no degree, the economy rebounded quickly, and we had 8 years of poking fun at Ronnie and snorting coke off of Nancy's face. The short lived gas crisis was no crisis at all, especially for me driving a company car.

Trump's tenure will be remembered as it was, and history will not be kind to the worst president of the 21st century. Deny if you like but don't any of you have a life?

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: June 10, 2021 10:54PM

ivysdad Wrote:
-------------------------------------------------------

> In my 63 years, the last 4 years have been the
> worst 4 years hands down. The 1980 recession was
> nothing. Everyone could get jobs, degree or no
> degree, the economy rebounded quickly, and we had
> 8 years of poking fun at Ronnie and snorting coke
> off of Nancy's face. The short lived gas crisis
> was no crisis at all, especially for me driving a
> company car.
>
> Trump's tenure will be remembered as it was, and
> history will not be kind to the worst president of
> the 21st century. Deny if you like but don't any
> of you have a life?

You said nothing honest in your post. Anyone can do a search for worst recession Carter.

And Trump is gone so now you can focus on the current president, though I am confident you will defend him even if he got caught on camera fondling a kid.

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Re: Turn Out The Lights, The Party's Over
Posted by: Registered Democrat ()
Date: June 10, 2021 10:54PM

Can never happen with Joe in , with his strong economy and solid business experience our border secured far better then in years , black unemployment at a 50 year low plus his sterling character dealing with Russia and China his strong showing when he met with Kim Jong Un leader of North Korea keeping the US military strong and the US out of new wars getting a vaccine out in production in record time cutting overbearing red tape to save lives

WTF am I saying ! That Was TRUMP ! WITH JOE THE STOOGE OR KAMAL THE LAUGHING CLOWN WERE F..Ked !
Attachments:
onhisknee.jfif
clown.gif

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Re: Turn Out The Lights, The Party's Over
Posted by: PosterInChief ()
Date: June 10, 2021 10:59PM

ivysdad Wrote:
-------------------------------------------------------
> LookingGlass Wrote:
> --------------------------------------------------
> -----
> > It would be smart to be intelligently prepared
> ie
> > freezer full of food, canned foods (beans,
> meats,
> > etc), (unhealthy but sustainable) boxed foods
> like
> > mac/cheese or beans and rice
> >
> > Ask any 55+ year old adult about 1980, 13%
> > inflation, prime interest rate of 20%, and
> > unemployment rate fluctuating between 11-20%.
> It
> > was the worst recession the US has ever had and
> > the current situation is setting us up for
> > something far worse.
>
> In my 63 years, the last 4 years have been the
> worst 4 years hands down. The 1980 recession was
> nothing. Everyone could get jobs, degree or no
> degree, the economy rebounded quickly, and we had
> 8 years of poking fun at Ronnie and snorting coke
> off of Nancy's face. The short lived gas crisis
> was no crisis at all, especially for me driving a
> company car.
>
> Trump's tenure will be remembered as it was, and
> history will not be kind to the worst president of
> the 21st century. Deny if you like but don't any
> of you have a life?


here you go dickweed, because you're too lazy to do a search

https://www.federalreservehistory.org/essays/recession-of-1981-82

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Re: Turn Out The Lights, The Party's Over
Posted by: Ya Know ()
Date: June 10, 2021 11:05PM

Democrats are born and breed to lie

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Re: Turn Out The Lights, The Party's Over
Posted by: rtwtrwewr ()
Date: June 12, 2021 02:48PM


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Re: Turn Out The Lights, The Party's Over
Posted by: Its ALL GONE TO HELL WITH JOE ()
Date: June 12, 2021 06:26PM

The worst president of all time WEAK Pandering Senseless JOE BIDEN (DEMOCRAT)

Go fill up with JOE gas and PAY$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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Re: Turn Out The Lights, The Party's Over
Posted by: WIN ()
Date: June 13, 2021 06:45AM

W.I.N. Whip Inflation Now!

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Re: Turn Out The Lights, The Party's Over
Posted by: Hunter's laptop ()
Date: June 13, 2021 09:43AM

Its ALL GONE TO HELL WITH JOE Wrote:
-------------------------------------------------------
> The worst president of all time WEAK Pandering
> Senseless JOE BIDEN (DEMOCRAT)
>
> Go fill up with JOE gas and
> PAY$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$


This is true. Carter was a horrible president, but a nice guy. Xiden is a horrible president and a horrible guy as well. Carter oversaw the worst economy since the Great Depression. Xiden will surpass Carter's ineptitude for sure and dig us a hole that we won't be able to get out of. As long as Hunter's getting his $50 million a year and Xiden's getting his 10%, it's all good though.

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Re: Turn Out The Lights, The Party's Over
Posted by: JOE IS Con-sumed With Pandering ()
Date: June 13, 2021 02:48PM

The people where CONNED by the leftist lying and Democrat loving media manufactured hate of President Trump

NOW WE all pay for the weak pandering fool known as JOE as he flounders about pandering to race and every leftist and un American cause he can find

Less then 5 months in and JOES legacy is already formed : Worst US President Of All Time JOE BIDEN

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Re: Turn Out The Lights, The Party's Over
Posted by: Ya You Know ()
Date: June 13, 2021 03:00PM

Joes the 46th president , 46 that's at least the highest number he will be on the list of any lousy ,so so , ok , decent , good or great president , While Trump will up in the top 10 forever of the great US Presidents !

The gigantic difference is Trump looks out for AMERICANS FIRST .

JOE looks out For JOE as a race and foreign nationals panderer because JOE cant tell what's right vs wrong anymore he just likes being the lefts presidential puppet ! JOE LOOKS OUT FOR AMERICA LAST !

WHILE KAMAL IS BECOMING HYSTERICAL LAUGHING AT IT ALL LIKE ITS JOES JOKE ON US
Attachments:
laughingkamal.gif

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Re: Turn Out The Lights, The Party's Over
Posted by: Crystal Ball Owner ()
Date: June 13, 2021 03:05PM

My ball says Joe Biden will be the first US president to take the walk of shame after being impeached and removed for office in 2023 . Then we have to deal with the Joker a while till Trump comes back and gets us out of the insane danger zone and back to sanity and prosperity
Attachments:
Kamalthejoker.jfif

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: June 13, 2021 06:06PM

Crystal Ball Owner Wrote:
-------------------------------------------------------
> My ball says Joe Biden will be the first US
> president to take the walk of shame after being
> impeached and removed for office in 2023 . Then we
> have to deal with the Joker a while till Trump
> comes back and gets us out of the insane danger
> zone and back to sanity and prosperity

Been saying this since the beginning. Alzheimers Joe getting elected was not about him, but rather about getting him to quit due to "health issues" (ie braindead) and let a woman take over. It's all part of the social agenda to have a woman as president.

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Re: Turn Out The Lights, The Party's Over
Posted by: kaehfggw ()
Date: June 14, 2021 08:05AM

Ya You Know Wrote:
-------------------------------------------------------

> WHILE KAMAL IS BECOMING HYSTERICAL LAUGHING AT IT
> ALL LIKE ITS JOES JOKE ON US

My opinion is that Kameltoe has a mental disorder called Pseudobulbar, a condition that's characterized by episodes of sudden uncontrollable and inappropriate laughing. Either that, or she's just a psychotic criminal put in place to destroy freedom.

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Re: Turn Out The Lights, The Party's Over
Posted by: Xi_Jinping ()
Date: June 14, 2021 08:50AM

China is watching. You will soon default on your interest payments due to your debt. We will then have a serious talk with the US. We own part of your debt. We are part owner of the United States. When you default on your mortgage, your house is taken from you by the bank. We are the bank. And we will be taking your country.

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Re: Turn Out The Lights, The Party's Over
Posted by: FCPS-Teacher ()
Date: June 14, 2021 11:22AM

It importent to teach kids to learn the systtem of governments to get thruogh this future because they can be succes and forget china becuz china teaches math but math is not importent when filling form to get benefit

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Re: Turn Out The Lights, The Party's Over
Posted by: " insane danger zone " ()
Date: June 14, 2021 12:58PM

Any place Democrats are in control is the insane danger zone, prove me wrong I'll prove Im right with higher crime stats and welfare rolls illegals drugs perverts and freaks the works

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Re: Turn Out The Lights, The Party's Over
Posted by: ClackityClack ()
Date: June 14, 2021 01:05PM

FCPS-Teacher Wrote:
-------------------------------------------------------
> It importent to teach kids to learn the systtem of
> governments to get thruogh this future because
> they can be succes and forget china becuz china
> teaches math but math is not importent when
> filling form to get benefit

Holy fuck I hope you're not really a teacher. You sound like a retard that failed out of the 1st grade. Parents, you should be worried.

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Re: Turn Out The Lights, The Party's Over
Posted by: TheColdTruth ()
Date: June 14, 2021 08:07PM

FCPS-Teacher Wrote:
-------------------------------------------------------
> It importent to teach kids to learn the systtem of
> governments to get thruogh this future because
> they can be succes and forget china becuz china
> teaches math but math is not importent when
> filling form to get benefit

More proof that it's over for the US. The border is non-existent despite clear laws to defend it. The US is now filled with handout addicts, potheads, people just hoping for their time to be offended, social media bullshit lies (on both political sides), people refusing to work because handouts pay better, and a government that will go to every extreme to keep the votes coming their way.

The ONLY thing that saves the US is the ability to print money. Of course, that devalues your current money. In the end, the dollar will be abandoned as the standard and the US will crumble. You will ask for a payout but all they will give you is a shrug. Your kids' futures are piles of shit at this point.

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Re: Turn Out The Lights, The Party's Over
Posted by: JOE THE PANDERER IS SO WEAK ()
Date: June 14, 2021 10:26PM

He makes Neville Chamberlain look like Genghis Khan

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Re: Turn Out The Lights, The Party's Over
Posted by: Registered Democrat ()
Date: June 14, 2021 10:33PM

Pandering and weakness is one of our core values . Why face anything like Chinas military built up when you can hide in the basement and tell all your weak pandering and stupid friends on your side fairy tales about climate change

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Re: Turn Out The Lights, The Party's Over
Posted by: The Founders Speak Out ()
Date: June 14, 2021 10:42PM

The weak take the people ability to defend their county away by taking guns despite constitutional protections, gun that can be used to defend the US homeland against invaders by millions of brave American patriots , but once their gone and the constitution is broken the nation will be very weak on the home front,

When creating an US armed force of 4 million men at arms in the military would be very difficult and take time that does not exist it is insane to deprive the people of their arms to disarm 20 million and more Americans who will join with the armed forces to defend homeland USA

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Re: Turn Out The Lights, The Party's Over
Posted by: Ya You Know ()
Date: June 14, 2021 10:45PM

Besides so many of those drafted who are liberal Democrats will flee to Canada and Mexico , It happened before during the Vietnam War

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Re: Turn Out The Lights, The Party's Over
Posted by: RERERERE ()
Date: June 15, 2021 08:16AM

..
Attachments:
60a012ca146b2.jpeg

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Re: Turn Out The Lights, The Party's Over
Posted by: Red wave a coming ()
Date: June 15, 2021 11:34AM

Biden and Harris,Slow and Ho, are the best reasons to bring Trump back. You couldn't ask for a better team to do that. I think about that every fill up at the gas pump, and every time I see some illegal piss in the street. Thanks Joe and Ho. there will be a Red tsunami at the mid terms, it can not happen soon enough! Kick em all to the curb.

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Re: Turn Out The Lights, The Party's Over
Posted by: DeSantis Guy ()
Date: June 15, 2021 11:42AM

Troofer Wrote:
-------------------------------------------------------
> Crystal Ball Owner Wrote:
> --------------------------------------------------
> -----
> > My ball says Joe Biden will be the first US
> > president to take the walk of shame after being
> > impeached and removed for office in 2023 . Then
> we
> > have to deal with the Joker a while till Trump
> > comes back and gets us out of the insane danger
> > zone and back to sanity and prosperity
>
> Been saying this since the beginning. Alzheimers
> Joe getting elected was not about him, but rather
> about getting him to quit due to "health issues"
> (ie braindead) and let a woman take over. It's all
> part of the social agenda to have a woman as
> president.


Xiden wasn't elected. Trump was. Xiden was installed by the uniparty and media to keep Trump from setting them back 30 years in his second term. They spent decades building up their graft and sleazy ways. Trump was about to blow that up.

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Re: Turn Out The Lights, The Party's Over
Posted by: KingRedPill ()
Date: June 15, 2021 12:49PM

At this point, it doesn't matter who's in office or who was elected. Both parties are nothing more than elevated organized crime.

Whoever wins/steals/buys the next election is going to inherit a disaster bigger than anything the United States (and world) has ever seen.

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Re: Turn Out The Lights, The Party's Over
Posted by: weel  ()
Date: June 15, 2021 02:28PM

KingRedPill Wrote:
-------------------------------------------------------
> At this point, it doesn't matter who's in office
> or who was elected. Both parties are nothing more
> than elevated organized crime.
>
> Whoever wins/steals/buys the next election is
> going to inherit a disaster bigger than anything
> the United States (and world) has ever seen.


Thus the term "uniparty", just two sides of the same coin. They are the political wing of the deepstate.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: 88RP88 ()
Date: June 16, 2021 12:31PM

weel  Wrote:
-------------------------------------------------------
> KingRedPill Wrote:
> --------------------------------------------------
> -----
> > At this point, it doesn't matter who's in
> office
> > or who was elected. Both parties are nothing
> more
> > than elevated organized crime.
> >
> > Whoever wins/steals/buys the next election is
> > going to inherit a disaster bigger than
> anything
> > the United States (and world) has ever seen.
>
>
> Thus the term "uniparty", just two sides of the
> same coin. They are the political wing of the
> deepstate.


All politicians, despite whatever flavor punch you drank, are criminals and all deserve to be lynched. They make policy based on what benefits them, not what benefits the country.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: FedChief ()
Date: June 16, 2021 04:24PM

It's started, as predicted...

Today:
The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials discussed the issue at the meeting. The raised expectations come amid the biggest rise in consumer prices in about 13 years.

Markets tanked on the news.

And yet, there are still people saying the inflation isn't bad or that it will not last long. We will see. In any event, get your non-adjustable mortgage now. The fed will start raising rates incrementally.

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Re: Turn Out The Lights, The Party's Over
Posted by: Grandma Ratchet ()
Date: June 16, 2021 06:04PM

I beg to differ. The party is just beginning only this time it's the people's turn
to do the celebrating.

We have been slaves so long, brainwashed so long, worked to death so long we don't know how to be happy anymore. No more negative. Only positive.

We will be happy. This is not left or right, color of skin, it's WE THE PEOPLE. ALL THE PEOPLE. And we're long overdue for some good living.

Everyone will have what they need and want including good health.

All good memories, all the bad memories erased. Loving one another like we should.

True freedom and abundance about to become real.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Jgfthjkjvd ()
Date: June 17, 2021 12:09AM

Grandma Ratchet Wrote:
-------------------------------------------------------
> I beg to differ. The party is just beginning only
> this time it's the people's turn
> to do the celebrating.
>
> We have been slaves so long, brainwashed so long,
> worked to death so long we don't know how to be
> happy anymore. No more negative. Only positive.
>
> We will be happy. This is not left or right, color
> of skin, it's WE THE PEOPLE. ALL THE PEOPLE. And
> we're long overdue for some good living.
>
> Everyone will have what they need and want
> including good health.
>
> All good memories, all the bad memories erased.
> Loving one another like we should.
>
> True freedom and abundance about to become real.

Wow, you on some great drugs

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: CheeseBoard ()
Date: June 17, 2021 08:44AM

Grandma Ratchet Wrote:
-------------------------------------------------------

> All good memories, all the bad memories erased.
> Loving one another like we should.
>
> True freedom and abundance about to become real.


I see you have been assimilated perfectly. Enjoy your cheese.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: July 13, 2021 09:26AM

Reported today:

The numbers: The cost of living leaped in June by the largest amount since 2008 as inflation spread more broadly through the U.S. economy, raising fresh questions about whether the spike in prices will subside as quickly as the Federal Reserve predicts.

The consumer price index climbed 0.9% last month, the government said Tuesday. The cost of used cars accounted for more than one-third of the increase, but prices for food, energy, clothing, plane tickets and shelter also rose sharply.

The increase easily exceeded forecasts. Economists polled by The Wall Street Journal had estimated a 0.5% advance.

The rate of inflation in the 12 months ended in June climbed to 5.4% from 5% in the prior month. The last time prices rose that fast was in 2008, when oil hit a record $150 a barrel.

Another closely watched measure of inflation that omits volatile food and energy also rose 0.9% In June. The 12-month rate increased to 4.5% from 3.8% and stood at a 29-year high.

Yet even the Fed admits it was caught off guard by how high inflation has risen. There’s a risk inflation could stay higher for longer than it expected, according to minutes of the Fed’s most recent strategy session.
.........................

It's gonna get a lot worse. You have been warned. ;)

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: notgood ()
Date: July 13, 2021 10:35AM

HolyCrap Wrote:
-------------------------------------------------------
> Reported today. Ouch.
>
> "By the end of Biden’s term in 2024, the debt
> ratio as a share of the nation’s economy is
> projected to reach nearly 114 percent. What’s
> more, the levels of federal spending would average
> 24.5 percent of the nation’s economy for a
> decade.
>
> Let’s put that in historical context. Biden’s
> budget blows beyond the massive government
> spending during WWII and FDR’s New Deal when
> public debt measured to economic output reached
> 106 percent in 1946. Let’s also not forget it
> was Vice President Biden who promised us that
> President Obama’s trillion dollar stimulus
> package and its “shovel-ready” projects would
> lead us out of recession. Now he’s pitching a $6
> trillion spending spree that calls for this Iowa
> farmer to stick to his guns on fiscal discipline.
> Otherwise, this administration will hook up Uncle
> Sam’s fire hose to the U.S. Treasury and fuel
> the fires of inflation that harm lower-income
> families and seniors on fixed incomes the most.
> And that puts the Federal Reserve in a pickle to
> hike interest rates to keep the lid on inflation,
> which in turn, would increase the government’s
> borrowing costs, quickly spiraling our country
> even deeper into debt."
>
> The OP talked about inability to raise interest
> rates due to the high debt.
>
> OP's post checks out.

CNN just posted:

But if prices continue to exceed expectations, it could prompt the central bank to raise interest rates in an attempt to cool off the economy.

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Re: Turn Out The Lights, The Party's Over
Posted by: Holysmolies ()
Date: July 13, 2021 10:39AM

Washington Post:

This bad news comes as other assessments also point to higher inflation ahead. Increased globalization likely put downward pressure on inflation as more goods were purchased from countries using cheaper labor. The pandemic and political pressure on China, however, may be reversing that pattern. If true, that would mean higher prices for consumers even as businesses bring some jobs back to the United States or high-wage countries. A recent survey of economists by the Wall Street Journal found that they expect inflation to be higher than 3 percent in the fourth quarter of this year, while a survey of Americans released Monday by the New York Federal Reserve Bank found they thought inflation next year would be 4.8 percent. Both sets of expectations were sharply up from identical surveys conducted just a month earlier.

Economists and Americans are both likely to be still underestimating future inflation. We have experienced low levels of inflation for so long that it’s hard for most people to imagine things can change so rapidly. But something did change rapidly during the pandemic: the amount of money that the government handed out to people who didn’t need it. Round after round of stimulus checks sent to most Americans regardless of need have translated to skyrocketing personal incomes even as millions were out of work. Data from the St. Louis Federal Reserve Bank clearly shows that the checks gave Americans billions of dollars more per month than they ever had before. Much of that money was saved, but all that means is that most Americans can now afford higher prices. Those who didn’t lose their jobs during the pandemic can and will shell out more for everything, drawing down their savings in the process.

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Re: Turn Out The Lights, The Party's Over
Posted by: 9e3ph9e3ph ()
Date: July 13, 2021 03:36PM

LookingAhead Wrote:
-------------------------------------------------------
> The real war has already started. We are at the
> beginnings of a civil war. I don't know if it will
> actually become a physical war or not but the
> leadership is divided and so is the country. 13%
> of the population (blacks) has divided the rest.
> All it will take is a larger uprising and division
> within military leadership. This has happened
> twice. The first civil war was actually during our
> independence when many people in north america
> were actually british and part of the british
> military broke away and we fought the british to
> become the USA. The second civil war was fought
> over economics of slavery and political control of
> that system.
>
> Current accelerated inflation being shrugged off
> by the left, low interest rates the fed cannot
> raise due to massive debt and risk of default
> (happened under Carter and shut down the economy),
> risk of hyperinflation, invasion by latino
> illegals and added strain to the financials to
> give them free schooling etc, raising taxes on
> growth creators and corporations, paying people to
> not work, other countries trying to figure out a
> way to get away from the US dollar standard (and
> this will literally destroy our financial system
> if we can no longer print money)...it's all the
> perfect storm.
>
> My prediction: we have 5-10 years at most left
> before the US completely collapses

Why do you give us that long?

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: July 13, 2021 06:20PM

9e3ph9e3ph Wrote:
-------------------------------------------------------
> LookingAhead Wrote:
> --------------------------------------------------
> -----
> > The real war has already started. We are at the
> > beginnings of a civil war. I don't know if it
> will
> > actually become a physical war or not but the
> > leadership is divided and so is the country.
> 13%
> > of the population (blacks) has divided the
> rest.
> > All it will take is a larger uprising and
> division
> > within military leadership. This has happened
> > twice. The first civil war was actually during
> our
> > independence when many people in north america
> > were actually british and part of the british
> > military broke away and we fought the british
> to
> > become the USA. The second civil war was fought
> > over economics of slavery and political control
> of
> > that system.
> >
> > Current accelerated inflation being shrugged
> off
> > by the left, low interest rates the fed cannot
> > raise due to massive debt and risk of default
> > (happened under Carter and shut down the
> economy),
> > risk of hyperinflation, invasion by latino
> > illegals and added strain to the financials to
> > give them free schooling etc, raising taxes on
> > growth creators and corporations, paying people
> to
> > not work, other countries trying to figure out
> a
> > way to get away from the US dollar standard
> (and
> > this will literally destroy our financial
> system
> > if we can no longer print money)...it's all the
> > perfect storm.
> >
> > My prediction: we have 5-10 years at most left
> > before the US completely collapses
>
> Why do you give us that long?

Because even an 8th grader should have the ability to read a few paragraphs and comprehend the very basics. God, I hope you don't breed.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: The Problem ()
Date: July 13, 2021 06:32PM

How many illegals how many immigrants we did not really need came into the USA since 1980 Theres the problem , we did need doctors and some tech people but we could have done more to produce them from our own people, we are now going down the drain a nation becoming weaker as we go due to the influence of these immigrants and their values which collide with traditional American values , yet when SHTF it will be mostly immigrants who will abandon us for their home countries

The answer less and much more selective legal immigration , shutting our southern border down to a scant number of illegal entries and deporting all illegals the minute they come into police contact because they violated a law.

That does not fit the Democrats will , they need masses of poor to insure future (D) votes keep coming in, masses of poor are the most important item in the shitty soup of pure communism with a large master ruling class and small middle class

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Fake All Fake Issues ()
Date: July 13, 2021 09:41PM

That's all Democrats are doing , mining fake issues so minorities blacks especially who will catch fire like gas will get pissed at all Republicans as they have been trained by their Democrat masters to do

All about dividing the people look at their fake "voting rights bill" right now , what Democrats are really saying is blacks are too lazy or stupid to get a govt issued photo , that's racist but it goes over the blacks heads when they are on fire

Face it they just want people to cheat and cast illegal votes for the (D)

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: TheEconomist ()
Date: July 14, 2021 01:41PM

Powell spoke today and, of course, stated again that the inflation is temporary. But analysts think otherwise. Powell tried to deflect and stated that we need to focus on jobs. This conversation about jobs is taking place while the Democrats are focused on the $3.5 TRILLION expenditure approval which would keep people from going back to work.

My opinion: The plan is to keep people out of work until 2023 with a slow recovery so the Democrats can claim a recovery and that voters should not change course bringing in a new President. Meanwhile, the US population will be paying higher prices (and higher taxes on purchases due to the higher prices) while the Democrats work their plan and take the US further into unrecoverable debt. They said no increased taxes on the middle class, but this inflation is actually an increased stealth tax.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Democrats Overplayed Their Hand ()
Date: July 14, 2021 01:47PM

When "JELLYFISH JOE" was sworn in

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: kwejwefgfrg ()
Date: July 14, 2021 03:05PM

Remember this post...

"the fed cannot raise [rates] due to massive debt and risk of default (happened under Carter and shut down the economy)"

Today, Powell is saying to stick it out in HOPES that inflation goes down. But, the real truth is that the fed can't raise rates to slow down inflation because the US would default due to excessive interest.

Today's news is just a smoke screen. Most aren't paying attention (or don't know enough to look for it) to the interest on debt and the inability to raise interest rates.

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Re: Turn Out The Lights, The Party's Over
Posted by: Pc retardzz ()
Date: July 14, 2021 03:22PM

The dollar has nowhere to go and will crash.

The Dems cheated their way into being lynched by the public. They will be destroyed by what’s going to happen.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: XOXOXO ()
Date: July 14, 2021 03:38PM

TTT...just in case people can read

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Almost Had It ()
Date: July 14, 2021 04:44PM

>Face it they just want people to cheat and cast illegal votes for the (D)

while they ruin the US financially, all the better to make commies out of masses of poor so they think they can be on top of the steaming pile as the elite ruling class because there too weak to deal with China

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: EyesWideShut ()
Date: July 15, 2021 11:58AM

Released today from Forbes and The Hill and Politico:

Instead of a country enjoying a strong recovery with stable prices and sustainable deficits, we now have rampant inflation, falling real wages and spiraling federal debt.

White House economic officials are privately worried inflation could become a prolonged problem, even as they publicly dismiss such concerns, Politico reported Tuesday.

What’s more: It could get worse.

Democrats have giddily announced their plan to spend $3.5 trillion on “infrastructure,” notwithstanding fresh reports showing inflation heating up to the highest level since the 1990s.

Even as Democrats plot to rack up bigger budget deficits to build their power base, the Bureau of Labor Statistics provides yet more evidence that inflation is taking hold. The producer price index for June jumped 7.3 percent from a year ago, beating forecasts that have constantly been, like the Federal Reserve, behind the curve.

It’s simple: between the Federal Reserve spewing out more than $4 trillion in cheap money over the past year, and Congress signing off on “relief” packages totaling an unprecedented $3 trillion, there is too much money chasing too few goods.

If Democrats get their way and shove another $3.5 trillion into the mix, inflation will get much, much worse. Already, the out-of-control spending is slamming workers’ paychecks.

Because of rising prices, real wages are falling, even as the job market is tight as a drum. As reported by Bloomberg, “Wage growth rose steadily through the second quarter, but higher consumer prices are taking a toll. Inflation-adjusted average hourly earnings fell 1.7% in June after slumping 2.9% a month earlier…”

Inflation will only get hotter if Biden and congressional Democrats press ahead with even more grandiose spending, attempting to insert the federal government into every nook and cranny of Americans’ lives. Sen. Bernie Sanders (I-Vt.), head of the Senate Budget Committee, who describes himself as a democratic socialist, is effectively running the show; he wants to give Americans free college, free health care, free childcare, free senior care, free housing and who knows what else.

Sanders does not seem to care where the money will come from or who it hurts; he has a vision.

Senate Majority Leader Chuck Schumer (D-N.Y.) and House Speaker Nancy Pelosi (D-Calif.) have a vision, too — to send hundreds of billions of dollars to the teacher unions, the SEIU and other special interest groups.

Biden has a somewhat weaker vision. He has promised not to raise taxes on anyone making less than $400,000 a year. But rising prices on everyday goods is the worst kind of taxation, hurting low-income earners and seniors on fixed incomes.

Price increases no longer look “transitory,” which has been the ready answer from economists singing in unison with Federal Reserve Chairman Jerome Powell. Rather, inflation appears to be gaining speed and taking hold. A growing number of analysts are now describing the price hikes as entrenched, and likely to endure.
.

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Re: Turn Out The Lights, The Party's Over
Posted by: ejsjhbafeaj ()
Date: July 15, 2021 03:05PM

Pretty pictures.
.
Attachments:
inflation0023.jpg
5dm2x5.jpg

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: July 15, 2021 04:09PM

dollar is worthless, even more so

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: BraceYourselves ()
Date: July 16, 2021 09:28AM

Today:

Much of the responsibility—and the blame—lies within the Marriner Eccles Building in Washington, home of the Federal Reserve. As a new PBS “Frontline” documentary explores, the Fed has spent the better part of the past dozen years printing money out of thin air, in the hopes of generating economic growth.

The Fed’s quantitative easing programs have indeed generated growth, but more in the form of Wall Street profits than anything else. Sadly, the after-effects of its policies—from the burgeoning spike of inflation to massive increases in both asset prices and debt—could linger for decades.

That word—addiction—powerfully describes markets’ utter dependence on cheap money from the Fed, and the danger the central bank, to say nothing of the broader economy, face after the pandemic.

With trillions and trillions of dollars sloshing around the system, ending markets’ dependence on Fed-created money could cause another financial crisis. The infamous “taper tantrum” of summer 2013, when Wall Street sold off as soon as then-Fed Chairman Ben Bernanke announced the bank was contemplating increases in interest rates, provides a warning about what markets could face whenever the Fed decides to end its money-printing regime this time.

In this case, the moves the Fed used—even more aggressive than those during the financial crash—means risk lurks around every corner. As Richard Fisher, formerly the head of the Dallas Fed, told PBS: “Cheap money is the fuel for a financial speculator and for a financial investor.” With prices skyrocketing on Wall Street, bond markets, and in the housing sector, the end of that cheap money could cause asset bubbles to burst, with potentially significant consequences.

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Re: Turn Out The Lights, The Party's Over
Posted by: AdditionDude ()
Date: July 16, 2021 09:39AM

Also today...

So now we have these price spikes cascading from product to product, and from service to service. This surge of inflation is becoming ingrained in the inflation expectations of company decision makers and consumers alike, and they’re adjusting to it, and in this manner inflation becomes persistent.

Even economists are now getting the message. According to a Wall Street Journal poll of those economists, their average forecast for the end of next year in terms of core inflation – which excludes food and energy – has risen to 3.2%.

But wait… They’re using the lowest lowball inflation measure available in the US, namely the “core PCE” inflation measure that the Fed uses as its target and that normally runs far lower than the standard CPI that is cited in the news media.

This core PCE inflation measure, the lowest lowball measure of the land, well, March, April, and May combined produced an annualized core PCE inflation rate of 6.4%, meaning that if price-increases continue for 12 months at the pace of those three months, the annual inflation rate would be 6.4%. That’s over three times the Fed’s target of 2%.

There is now a lot of clamoring among economists and Wall Streeters that the Fed will wait too long, fall too far behind the curve, keep stimulating for too long despite rampant inflation, and thereby trigger an inflation spiral that would be hard to bring under control, and that these belated efforts to bring inflation under control when it’s totally out of control would wreck the economy and asset prices.

They’re not worried about hyperinflation. They’re worried about 5%, 7%, 10% inflation for years. That kind of inflation would blow all kinds of assumptions out of the water. No one is ready for this.

This type of inflation makes long-term planning difficult for companies, and it’s a drag on the economy, and it’s a drag on real consumer spending.

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Re: Turn Out The Lights, The Party's Over
Posted by: Questionnn ()
Date: July 16, 2021 01:21PM

So basically our money is worth less and worth even less now that the govt printed money?

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Re: Turn Out The Lights, The Party's Over
Posted by: jashfagvcxqhjfj ()
Date: July 16, 2021 03:00PM

From the CNN wire this morning:

Housing is also a key aspect of Biden’s sweeping infrastructure agenda and is likely to be included as part of the $3.5 trillion budget Democrats are working toward passing along party lines through the reconciliation process.

“I say it all the time: housing is infrastructure. Building homes is good for everyone — workers, communities, tenants, homeowners, businesses. When we talk about the Build Back Better Agenda, we’re talking about building and rehabilitating more than two million homes,” Fudge tweeted from the White House account Friday.
--------------------

So the plan is to take part of the $3.5 TRILLION and build more homes. Sounds great until there is a flood of homes on the market and that drives down the price of YOUR home.

Have a nice weekend ;)

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Re: Turn Out The Lights, The Party's Over
Posted by: ksadjafheh ()
Date: July 16, 2021 03:07PM

Also reported today:

Yellen backtracks...

Treasury Secretary Janet Yellen acknowledged “rapid inflation” will persist for several more months after she repeatedly downplayed the risk of consumer price increases.

But Yellen, along with top Federal Reserve officials, predicted inflation wouldn’t be a concern.

“We will have several more months of rapid inflation,” Yellen told CNBC. “So I’m not saying that this is a one-month phenomenon.”

Yet in February, Yellen downplayed the risks of inflation, saying the Treasury Department had the tools to deal with the risk “if it materializes.” She also pushed back on former Treasury Secretary Larry Summers’ warning that President Joe Biden’s $1.9 trillion coronavirus relief package would trigger massive, once-in-a-generation inflation.

One month later, the Treasury secretary downplayed inflation again when asked if the $1,400 stimulus checks included in the relief package could boost prices, according to the Associated Press. She again pushed the legislation.

“I really don’t think that is going to happen,” she said in the March 8 interview, the AP reported. “We had a 3.5% unemployment rate before the pandemic and there was no sign of inflation increasing.”

Then, one week later, Yellen doubled down, arguing again that there wouldn’t be significant inflation.
------------------------------

It's obvious these dumbasses don't have a clue.

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Re: Turn Out The Lights, The Party's Over
Posted by: jadhwfhgfrj ()
Date: July 16, 2021 03:34PM

You people have a great weekend with your higher prices on gas, groceries, restaurants, etc. Make sure you deny any wrongdoing from the current administration. Double down on your wrong feelings. That'll change things for sure.

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Re: Turn Out The Lights, The Party's Over
Posted by: Wings ()
Date: July 16, 2021 03:44PM

I went to get hot wings 2 nights ago and the price was up 50%

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: kadjhfehgcwjh ()
Date: July 16, 2021 03:50PM

just wait, it's gonna get worse

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Re: Turn Out The Lights, The Party's Over
Posted by: Around Nova These Democrats ()
Date: July 16, 2021 04:07PM

What do fat ass over paid feds care, they could lose 45K this year and never know it

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Re: Turn Out The Lights, The Party's Over
Posted by: InvestorInChief ()
Date: July 21, 2021 12:15PM

Posted yesterday:

Biden wants to triple-tax your capital gains with inflation and a tax hike

Even though they provide greater economic growth than any other sort of income, capital gains are already taxed twice.

inflation threatens to impose a third round of taxation on capital gains, pushing the real top tax rate to potentially tens of points higher.

So, let's say Biden does get his way. Money that eventually becomes capital gains would first be taxed as corporate income, then at Biden's higher capital gains tax rate, and then through the effective inflation tax that punishes currency holders while enriching the currency's issuer. That's a triple tax.

Biden's pitch to boost the top marginal tax rate is bad enough. But to do so without indexing capital gains to inflation would be a trickle-down nightmare.

Yes, the majority of capital gains do go to the most wealthy, but the people on Main Street are the ones invested in the market for their retirement. Only a minority of households directly own stock, but 53% have a stake in the stock market through ETFs and mutual funds, mostly held in 401(k) plans and Roth IRAs.

For the past 20 years, the nominal average annual total return on the S&P 500 index has been about 8.6%. If this continues in the future and the Federal Reserve succeeds in hitting its 2% inflation target—an optimistic prospect, given wildly excessive fiscal policies this year—total real returns, after inflation, will be about 6.6%. A 58% tax rate on an 8.6% nominal return is the equivalent of a 76% tax on after-inflation returns of 6.6%. An investor would keep less than a quarter after-inflation gain.
----------------------------

So, your (middle class) IRA/401K etc are all about to get punished even further from the run-away inflation. Nice!!

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Re: Turn Out The Lights, The Party's Over
Posted by: The Wise Never Vote Democrat ()
Date: July 21, 2021 01:55PM

The pompous ass white liberal elites , the now legally or illegally drugged, the new leech "citizen" and our home grown welfare kings and queens who are the low info voters who don't care always vote for the (D)

That's why this country is going to hell as it mirrors them whose screams will be loudest when their shaky world falls apart as the US is plunged into a deep depression worse then the 1930's at the hands of ignorant pandering Democrats

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Re: Turn Out The Lights, The Party's Over
Posted by: And The Pensioners ()
Date: July 21, 2021 02:15PM

Very true AND the retired government and all others in the private sector who get a defined benefit pension union or not as all pension funds gain or can lose income through stocks and other investments that Democrats want to punish with excessive taxes to siphon off money for their social programs directed toward small minority groups for votes (by race or others such as abortionists ,criminals, Illegals, gun grabbers and sex freaks), yet when the Democrat voters future income is at stake by their vote they still stupidly vote for the (D) because of their emotional feelings that Democrats target to their advantage , which is why we see so many Democrat supporting mass media SOB stories all around us today all to subliminally direct hate toward the Republicans by Democrats so the stupid fools buy their propaganda and vote to self destruct in time taking the rest of us down with them

>but the people on Main Street are the ones invested in the market for their retirement. Only a minority of households directly own stock, but 53% have a stake in the stock market through ETFs and mutual funds, mostly held in 401(k) plans and Roth IRAs.

THE MORAL Never vote for the Democrat to keep your nation free, your constitutional rights , your life , your income , your future solvency and your children's and theirs to come

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Re: Turn Out The Lights, The Party's Over
Posted by: TheFedReporter ()
Date: July 26, 2021 02:48PM

Posted today on Reuters

Fed now facing twin inflation, growth risks as virus jumps and supply chains falter

- That view has remained mostly intact at the Fed and the White House even as prices pop, virus variants threaten to perpetuate supply chain bottlenecks and some price increases, like rising rents, create the risk that high inflation might last for a while.

The Fed, which meets this week, is openly nervous about rising prices, but it isn’t doing anything abrupt to counteract them. It says it needs to weigh the risk of inflation against the threat of slowing a labor market that is still missing nearly seven million jobs compared to levels under Trump before Biden was sworn in.

Powell, Whatever You Do, Don't Say the "T" Word. For months, Fed officials have been trying to convince the world that inflation is transitory. The Biden administration wants a simpler vocabulary. T-words like “transitory” and “temporary” have shown up frequently in speeches and interviews in recent months. At its June meeting, the FOMC said “inflation has risen, largely reflecting transitory factors.” Going forward, however, Powell likely will be wary of using language that has become tainted in the eyes of the White House.
-------------------------------

In other words, the fed is going to soften their stance so they don't scare people into saving money rather than paying the invisible tax (inflation)

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Re: Turn Out The Lights, The Party's Over
Posted by: FedAdvisor ()
Date: July 26, 2021 03:17PM

Ouch:

Fed weighs curbing cash machine as critics warn of housing, stock bubble; Lawmakers are warning that the central bank’s vast purchases of government debt are feeding financial bubbles.

Today, house prices are surging, stocks have continued their stratospheric rise, and banks have more cash than they know what to do with. Yet the Fed is still pumping billions into the economy. Why? That’s what a growing number of lawmakers, investors and even some Fed officials themselves are demanding to know. They are warning that the central bank’s vast purchases of government bonds and mortgage-backed securities are feeding financial bubbles in the housing, stock and even cryptocurrency markets, and stoking higher consumer prices, with little apparent benefit to ordinary Americans.
-----------------------------------

Get ready. The fed will have to pull back within a few months. Your 401K/IRA is gonna get pummeled.

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Re: Turn Out The Lights, The Party's Over
Posted by: Housing And Commercial ()
Date: July 26, 2021 03:31PM

Prices are going way up because steel is 75% higher then it was last August 2020 with the great majority of the cost increase under JOE Biden Lumber the same !

Joes a disaster the people were sucked in by PC !

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Re: Turn Out The Lights, The Party's Over
Posted by: BadNewsAhead ()
Date: July 26, 2021 04:04PM

Reported:

Wall Street Cheers...but the consumer gets burned

Corporate profit margins are holding up despite cost inflation

Between the lines: These with all those reports of executives sounding the alarm on inflation.

Many of those same reports note that executives were planning to pass rising costs to their customers through price increases.

33% of respondents to NABE’s survey said prices charged were rising

For the next three months, 43% said they expected prices to rise

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Re: Turn Out The Lights, The Party's Over
Posted by: FrontDesk ()
Date: July 26, 2021 04:23PM

Ouch:

Today...

WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies.

This week’s meeting occurs against the backdrop of a risky policy bet by Fed Chair Jerome Powell. Yet the stakes around that bet are rising, with consumer prices having jumped 5.4% in June from a year ago, the biggest increase in 13 years. Last month’s surge marked a fourth straight month of unexpectedly large price increases. The main concern is that the Fed will end up responding too late and too aggressively to high inflation by quickly jacking up interest rates and perhaps causing another recession. Powell stated more explicitly than before that the Fed won’t hesitate to raise rates should it decide that inflation is getting out of control.
-------------------------------------

I think they will delay a rate increase and continue to buy up. But this is because they CANT raise rates due to impending default if they do. In addition, that default would create a recession and that would be a bad thing for Biden. This is a big gamble they are taking and, as a result, are forcing you to pay an invisible tax.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoreInflationComing ()
Date: August 02, 2021 04:28PM

Reported today in the news:

“Companies once again posted robust margins,” BofA equity and quant strategists said in their note. “However, we are starting to see the good inflation environment turning into a bad inflation environment with many companies citing accelerating cost inflation, particularly around wages.”

Labor inflation mentions have picked up the most among the categories tracked by BofA, while companies citing higher costs tied to supply chains also more than doubled, the report shows.

“Companies are less enthused,” the BofA strategists said. “A number of companies have highlighted accelerating inflationary pressure, with some companies expecting cost pressure to outpace pricing power.”

"There is now a shortage of workers for all the businesses that are trying to reopen today. This has caused the businesses to raise wages to get people back to work (there is no reason to work due to the tax-payer funded federal money being handed out), thus an increase in products and services they provide.

"the Fed is already using its capacity to borrow in the reverse-repo market to reduce money supply growth. But the excess reserves of the private-banking system are still almost $4 trillion. The bad news is that if the inflation problem doesn’t go away and market interest rates start to rise, the reserve overhang has the potential to cause a money-supply eruption. The use of any of the Fed’s powers to stop the growth in the money supply and inflation will only send interest rates higher."

"U.S. “M2” money supply (coin currency, physical paper, central bank reserves, demand deposits, travelers’ checks, savings deposits and money market shares) has increased from about $15.4 trillion to nearly $20.4 trillion. That’s a 24% increase, annualizing to an inflation rate of about 16% — if production of goods and services kept up. But it didn’t. U.S. gross domestic product dropped from more than $21.4 trillion in 2019 to less than $20.1 trillion in 2020. Inflation is a hidden tax. Instead of hitting you up for a dollar or ten, the government just makes that $100 bill in your wallet worth $99 or $90 in terms of what you can buy with it now as opposed to what you could buy yesterday."

"Transitory inflation could mean higher prices for years, not months, and Powell's stance could complicate his future as Fed chief. The minute the Fed starts saying transitory is not just a few months or a few quarters, it could be one to two years," El-Erian told CNBC on Monday. "The whole notion of transitory becomes meaningless at this point. The risk we have is that inflation would get embedded into the system."
------------------------------------

If you didn't care to read, here's the cliff's notes version: Bend over. It's about to get worse.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: kjwegwegwej ()
Date: August 02, 2021 07:10PM

TTT

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: ShitHitFan ()
Date: August 02, 2021 10:30PM

Shit's gonna hit the fan and it's already started

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Re: Turn Out The Lights, The Party's Over
Posted by: ReporterInChief ()
Date: August 03, 2021 11:31AM

Reminder:

When the democrats pass (without support from the opposition) the $3,500,000,000.00 spending bill for infrastructure (and to pay for immigration), they have to print more money to do it. What is not printed will come from corporations. Corporations don't pay taxes. Corporations pass through the cost of taxes onto the consumer. YOU pay for the additional taxes.

This money printing will also again decrease the value of the money you have/make.

More invisible taxes coming soon and will be paid by you (the average person).

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Re: Turn Out The Lights, The Party's Over
Posted by: jadhegareh ()
Date: August 03, 2021 11:33AM

ReporterInChief Wrote:
-------------------------------------------------------
> Reminder:
>
> When the democrats pass (without support from the
> opposition) the $3,500,000,000.00 spending bill
> for infrastructure (and to pay for immigration),
> they have to print more money to do it. What is
> not printed will come from corporations.
> Corporations don't pay taxes. Corporations pass
> through the cost of taxes onto the consumer. YOU
> pay for the additional taxes.
>
> This money printing will also again decrease the
> value of the money you have/make.
>
> More invisible taxes coming soon and will be paid
> by you (the average person).


Forgot 3 zeroes ;) it's $3,500,000,000,000.00

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Re: Turn Out The Lights, The Party's Over
Posted by: Democrats Don't Care ()
Date: August 03, 2021 07:37PM

Just look at how America has slumped since Trump left,no one paying attention to the WOKE kneeing Olympics , now we have Cuomo staying instead of resigning after being exposed by the NY State AG for sexual harassment , JOE keeping our southern border wide open, inflation climbing and no one but a few care . A sad sick end at the hands of Democrats is all we can see for our future

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Re: Turn Out The Lights, The Party's Over
Posted by: Congrats JOE BIDEN ()
Date: August 03, 2021 07:47PM

And Democrats , you have plunged the USA into another great depression

How are your feelings going to be in a few months DEMOCRATS once people really start to loose their hats and asses

Say what you want woke haters this would not be happening with TRUMP in office now

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Re: Turn Out The Lights, The Party's Over
Posted by: ksdhdsgdch ()
Date: August 04, 2021 11:35AM

Posted today:

On average, supply managers expect their companies’ prices to rise by another 7.7% over the next 12 months

Powell risks 1970s inflation to keep his job:
Mr. Biden’s proposed $4 trillion infrastructure, industrial policy, and social spending will hardly be fully financed with new taxes. Too many of his proposed levies are unpopular within the Democratic caucus. He must borrow more and rely on the Fed to print money to purchase even more Treasuries or let interest rates rise. Higher interest rates would curb new home construction and raise costs in capital-intensive industries like electric vehicles, green energy, and semiconductors, the president wants to boost.
----------------------------

Reminder: What the Fed isn't telling you is that they CANNOT raise interest rates because the US will default on our debt. Powell is just holding out with Biden's disastrous plan until he gets re-appointed.

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Re: Turn Out The Lights, The Party's Over
Posted by: visibility ()
Date: August 04, 2021 12:32PM

for visibility, read

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Re: Turn Out The Lights, The Party's Over
Posted by: sheet ()
Date: August 04, 2021 01:43PM

Today:

Dow slips 300 points after ADP payrolls marks weakest gain since February

The main U.S. stocks headed lower Wednesday, after a report on private-sector jobs for July came in much weaker than expected, setting the stage for Friday’s monthly nonfarm-payrolls report to disappoint

The ADP report showed that 330,000 jobs were added last month, missing consensus estimates of economists surveyed by Dow Jones for 653,000 and marking the smallest monthly gain since February. On top of that, the job tally for June was lowered to 680,000 from an initial reading of 692,000

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Re: Turn Out The Lights, The Party's Over
Posted by: jkashwegewrj ()
Date: August 04, 2021 04:43PM

TTT for visibility

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Re: Turn Out The Lights, The Party's Over
Posted by: f'n democrat nitwits (redundant) ()
Date: August 04, 2021 06:20PM

Questionnn Wrote:
-------------------------------------------------------
> So basically our money is worth less and worth
> even less now that the govt printed money?

Basically democrats are working overtime to destroy the dollar's value.

[sarcasm]Works great for those they claim to care about most... people on fixed incomes which are the bulk of the poors. [/sarcasm]

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Re: Turn Out The Lights, The Party's Over
Posted by: What's The Best Conditions For ()
Date: August 04, 2021 09:12PM

Communism

The reason is masses of impoverished people when Democrats flatline the US economy and this country is beyond life support from other nations because they wont give us a dime, our national credit is shot

Buy Gold Buy Sliver Buy Guns Buy Ammo Everything else In God We Only Trust the rest pay in G & S or G & A

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Re: Turn Out The Lights, The Party's Over
Posted by: RockStarr ()
Date: August 05, 2021 09:52AM

Inflation is a TAX. Call it an invisible tax if you want. The fed has no reason to solve the issue right now. They are getting more tax revenue from it. And this isn't going away anytime soon. There is $19 TRILLION in handouts floating around the economy and not being spent. They printed money to do this and that de-valued your money. Lots of money floating around, people not incentivized to work, companies having to pay more to recruit people to work, leads to a cost of doing business, leading to a rise in prices. Your money is less valuable and prices rise. That is a disaster.

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Re: Turn Out The Lights, The Party's Over
Posted by: RomanEmporer ()
Date: August 05, 2021 03:35PM

Almost two thousand years ago there was the great currency debasement of the Roman Empire.

At the turn of the second century, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people lived under Roman rule, with 55–65 million as the most accepted range. — approximately 20% of the world population.

Yet, 150 years later the empire was near collapse.

There were several reasons (of which one was that they went broke from social programs and couldn't pay their soldiers to defend the empire), BUT...

The biggest factor was the debasement of the Roman currency. The debasement of the Roman currency ultimately led to over-taxation and inflation, which in turn caused a financial crisis.

What began as steady devaluation soon became a rapid destruction of the currency in Rome. You see, the debasement starts slowly at first (it always does). It’s easy to debase in the beginning. Shave a little silver here, add a few more coins there, what’s the big deal!? In the end, you overdose by taking too much. The same holds true for currency debasement; in the end your currency collapses.

the problem with currency debasement is that it is a hard habit to kick. Worse, most don’t even realize that it’s bad. This held true in Rome, held true in Weimar, Germany and holds true today.

They simply cannot turn off the printers. If they attempt to slow down inflation (typically by raising interest rates and turning off the money printers), within weeks if not days, you would see immediate bankruptcies, unemployment, strikes, hunger, violence, and possibly even revolution in an extreme case.

Boys and girls, this is not a matter of "if", it's just a matter of when.

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Re: Turn Out The Lights, The Party's Over
Posted by: BumpGuy ()
Date: August 05, 2021 03:46PM

I bumpeth ye

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Re: Turn Out The Lights, The Party's Over
Posted by: Lock and load ()
Date: August 05, 2021 06:00PM

It’s time to get serious. All patriots need to be fully armed and available to help drive any illegal Covid infected alien back to whatever 3rd world shithole they emerged from. Confiscate any property they have and sell it to pay for more deportions. The same goes for terrorist BLM and Antifa. Send those assholes to either Africa or Cuba or China or some other Marxist hellhole. We need to put America first and keep America great. Also we need to arrest all corrupt and lying Democrat libtards and send them to prison as punishment for screwing over the country.

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Re: Turn Out The Lights, The Party's Over
Posted by: 64jjh ()
Date: August 05, 2021 07:58PM

Property? LOL

They show up with a blanket and a binky. WTF??

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Re: Turn Out The Lights, The Party's Over
Posted by: Mark j ()
Date: August 06, 2021 01:04AM

The Nutshell Doom Analyst Wrote:
-------------------------------------------------------
> Democrats have super screwed the American people
> for decades now giving our money away to greedy
> world nations that we rebuilt with trillions after
> a few asshole racist countries started trying to
> blow the world up 82 years ago
>
> We could have handled that even though the US got
> no respect from these peoples who let us do the
> dirty job of defending the free world from
> communism which they and our Democrats now want as
> Democrats call their harmful socialist programs
> and dreams "Democracy" to consume all of us ,
> while The world the US rebuilt got richer and more
> well off today then we are to the point they look
> down at us with scorn , they hated President Trump
> for his America first stance especially over NATO
> but JOE is no favorite as they think he is nothing
> but an foolish old Democrat hack and a stooge
>
> Enter the Chinese Covid 19 virus which Democrats
> resisted every good deed President Trump did to
> put the American people first of every race and
> religion as they threw race cards at his efforts
> to contain the virus and laughed at him on their
> leftist "news" , "shit-u-ation" comedy's and no
> talent late night shows that brain wipe millions
> to vote (D) to be with the "popular crowd that
> hates Trump and the GOP " a programed emotion
> which the leftist media jackals exploit
> successfully as Democrats resisted every move
> Trump made and did nothing to even try to stop the
> spread of C19 in the USA to pass blame on Trump
> that "he did it" with their lying media
>
> No comes JOE who thinks he's got a "mandate" with
> no senate majority and a slim majority in the
> house as he lamely attempts more half ass social
> engineering programs to ruin the USA by insolvency
> like Obama started . Programs in JOES world
> controlled by his leftist masters which are
> nothing but race pandering and way out eviro freak
> paybacks for votes so JOE can brag he's the hero
> if he gets his way to ruin as this county is the
> deepest debt crisis its ever been in and will be
> fighting for its life to dig its way out

And this is it in a nutshell...we are one breathe away from Communism. We have been set up and had. We have been too complacent as a country. Pain is coming for us all..some will be shocked

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Re: Turn Out The Lights, The Party's Over
Posted by: Too Much Greed To Much Softness ()
Date: August 06, 2021 01:33AM

To much Charmin thick steaks lobster rolls a hundred types of ice cream in stores hundred of cold beers , trips to Aruba, expensive trips to places that no one has heard off to be the coolest one upper in town while too many don't want to work they have been fed the taste of public assistance and no rent payments and they like it , then the pompous asshole liberal elites who are so loving with their cares about "human rights" because they are so well of personally who are the biggest hypocrites on earth

The founders would be ashamed of this country , and worry that its time to start over , they would think "they took a great thing and f'd it all up with their Democrat votes for the weakest people on the planet earth"

American was once a strong kick ass nation of hardworking strong people , we are but a mere shadow of that today a nation of excuse makers and whiners not worth a damn who all vote for the (D) for the easy way out of anything

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Re: Turn Out The Lights, The Party's Over
Posted by: bumpy ()
Date: August 06, 2021 10:10AM

bump

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Re: Turn Out The Lights, The Party's Over
Posted by: AnotherReport ()
Date: August 06, 2021 03:48PM

Reported today:

New York (CNN Business)Democratic Senator Joe Manchin is taking the Federal Reserve to task over inflation.
In a Thursday letter to Fed Chairman Jerome Powell, Manchin called for the US central bank to immediately reverse course and remove stimulus support for the economy before it overheats.
"With the recession over and our strong economic recovery well underway, I am increasingly alarmed that the Fed continues to inject record amounts of stimulus into our economy," the moderate lawmaker from West Virginia wrote.

"It is imperative we begin to understand that long term policy responses tailored for an economic depression," Manchin wrote, "may not be what is required for today's economy and could result in higher than desired inflation if not removed in time."

Manchin's critique was not exclusive to the Fed. The Democrat said he is "deeply concerned" that the Fed stimulus, on top of proposals for additional fiscal stimulus, "will lead to our economy overheating and to unavoidable inflation taxes that hard working Americans cannot afford."

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Re: Turn Out The Lights, The Party's Over
Posted by: GRAB THE LIFELINE NOT OUR GUNS ! ()
Date: August 06, 2021 04:35PM

How will the woke fake "loving human rights" Democrats will be able to go 60% electric car crazy by 2030 , jus got to know how the impoverished who will be in numbers of many millions more by then will be able to buy any thing at all with the inflation disaster pandering JOE is bringing riots and looting will be the national norm in Democrat controlled areas the rest will be glum no hope zones with an occasionally Democrat ivory tower where some lazy fat cat government hack lives with their electric POS's

BTW do you really think amnesty will get Democrats to close the southern border , even Democrat shills know that's BS the impoverished will become even more poor while the middle class will be come even more poor everything will be going to hell , where there going to be anyone that can afford a new car but the few thousand Democrat millionaires and billionaires , you cant run a country with only that JOE and your vastly stupid woke Democrats

Here's a lifeline to save this floundering nation that's sinking under the weight of Democrat wokeness and weakness in everything they do

Its only requirement to save this county with you on board is to hold on tight and NEVER VOTE FOR THE DEMOCRAT EVER AGAIN

If a DEMOCRAT offers you their "lifeline" don't touch it, its fake and only suspends you over the raw sewage tanks of a waste treatment plant , their lifeline is on fire and slowly burning away ! You'll be dropped like a used rubber ! watch out!

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Re: Turn Out The Lights, The Party's Over
Posted by: dindonuffins ()
Date: August 09, 2021 02:00PM

bump

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Re: Turn Out The Lights, The Party's Over
Posted by: Shiiiiiitt ()
Date: August 10, 2021 11:46AM

Posted today on CNN...LMAO

New York CNN Business —

Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear.

But those fatter paychecks aren’t going as far, thanks to rising inflation.

In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according to an analysis by Jason Furman, an economics professor at Harvard University.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoMoneyMoMoney ()
Date: August 10, 2021 02:46PM

Your money just lost more value today. The fed will now have to print $1.2 TRILLION dollars due to the infrastructure bill that was just passed.

Taxes aren't always direct. They often appear as invisible taxes. You don't pay them out of your paycheck, but instead you pay them as increased costs for goods/services or (like today) your money becomes less valuable.

Sadly, the senate immediately after the passage today began working on another $3.5 TRILLION dollar "human infrastructure" plan which they cannot pay for. Get ready for more invisible taxes with a side of your inflation.

Your government doesn't care about you.

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Re: Turn Out The Lights, The Party's Over
Posted by: What They Need To Spend On ()
Date: August 10, 2021 06:11PM

Is at least 100000 new public toilets and showers with the trillion from the. Bs " infrastructure " bill , they can be unisex as it won't be long that millions upon millions of Americans will lose there hat and ass due to the vast Democrat squandering of now trillions of dollars.

When the people are living in hobo jungles at least there will be warm places for the loose shoe crowd to dump and take a shower

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Re: Turn Out The Lights, The Party's Over
Posted by: already gone ()
Date: August 10, 2021 06:25PM

Buy land. As much as you can afford. It is the only hedge against the globalist plans being implemented by the usurper Xiden. With land, you can grow your own crops, tend your own animals and live the way God intended you to live. By the time they get around to seizing private property, we'll be in a shoot war with the gubmint anyway. Money, precious metals, and bitcoin are all man-made assets that are worth only what the power brokers say they are. You have been warned.

And to the liberals here, STAY THE FUCK OUT OF RED STATES. You aren't welcome and we will kill you if we have to.

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Re: Turn Out The Lights, The Party's Over
Posted by: Sgt. Hulka ()
Date: August 10, 2021 06:34PM

Lighten up Francis.

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Re: Turn Out The Lights, The Party's Over
Posted by: ur on the list ()
Date: August 10, 2021 06:43PM

Sgt. Hulka Wrote:
-------------------------------------------------------
> Lighten up Francis.


You wanted a war faggots. You're going to get one.

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Re: Turn Out The Lights, The Party's Over
Posted by: All Democrats Can Do Is Pander ()
Date: August 11, 2021 12:29AM

Be it pandering to race, or pandering to squander trillions on crap only handfuls of leftist Democrats want but they make it sound like we all need

Infrastructure , a few bridges worked on and a huge pile of progressive projects that fail because they wont create any new jobs or real opportunities for those who need them the most

Bailing out college loans ! That's good for those doped that had to take them out and can't or worse refuse to pay them back to keep the (D) in their vote , its horribly bad for the rest of the millions of Americans who got nothing but the bill , many just getting by who only keep paying the debts the Democrats rack up for their votes not the nation as a whole

20 stupid RINO suckups need to be tossed when their terms end who voted for this crap in the US Senate

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Re: Turn Out The Lights, The Party's Over
Posted by: TaxManCometh ()
Date: August 11, 2021 02:59PM

Reported today...

After soaring at the fastest pace since 2008, economists and the Fed expected the surge in Consumer Prices to slow very modestly in July to +5.3%. They were WRONG as CPI came in high and rose 5.4% (up 0.5% from their projection).


Price growth is winning the race’: Inflation is devouring wage gains
New data shows inflation jumped again in July, as price hikes overshadow the benefits of wage gains.

In other news, the $3.5 TRILLION budget resolution passed in a divided Senate and will be adding to YOUR taxes via printing money and de-valuing your paycheck (ie an invisible tax).

You're welcome.

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Re: Turn Out The Lights, The Party's Over
Posted by: Votes At Any Cost To Country ()
Date: August 11, 2021 05:58PM

Democrats

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Re: Turn Out The Lights, The Party's Over
Posted by: dayyuumm ()
Date: August 11, 2021 08:05PM

this thread is quickly becoming reality

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Re: Turn Out The Lights, The Party's Over
Posted by: RuutRoohhh ()
Date: August 13, 2021 01:09PM

Reported on CNN yesterday:

Producer price inflation, which measures the prices US producers receive for their goods and services, rose 7.8% over the 12 months ended in July. That was more than economists had expected and marked a new record high since the Bureau of Labor Statistics first began calculating the index in November 2010.

But stripping out more volatile components, such as food, energy and trade services, inflation still rose sharply in July. For the 12 months ended in July, prices rose 6.1%, the biggest increase since the BLS first started calculating this data in August 2014.

Other news:

Biden blames OPEC for inflation instead of reckless spending as approval on economy plummets (good one Mr Let's Shut Down the Pipeline)

More other news:

Inflation is not going down anytime soon, according to economic forecasters. Forecasters lowered economic growth projections for this year and lifted inflation expectations into 2022 across a variety of metrics, according to Bloomberg’s latest monthly survey of economists.

Ongoing supply chain strains and labor market shortages are not only holding back economic growth but also raising costs for companies, said James Knightley, chief international economist at ING. “Demand outstripping supply not only means higher inflation, but missed growth opportunities.”

**** Compared to a year earlier, the personal consumption expenditures price index is now expected to rise 4% in the third quarter and 4.1% in the fourth, double the Federal Reserve’s 2% goal. Expectations for the core measure, which strips out the volatile food and energy components, were also revised higher.
--------------------------

Oh boy. Sorry boys and girls. You may want to start stocking up on ramen noodles.

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Re: Turn Out The Lights, The Party's Over
Posted by: BumberInChief ()
Date: August 13, 2021 01:20PM

Don't let the drug dealers keep you from seeing what's important

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Re: Turn Out The Lights, The Party's Over
Posted by: Obviously ()
Date: August 13, 2021 01:31PM

drug dealer obviously a democrat and doesn't want bad news

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Re: Turn Out The Lights, The Party's Over
Posted by: kdhwefgwehwj ()
Date: August 13, 2021 01:36PM

jon wick, I work from home and can bump this post all fucking day

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Re: Turn Out The Lights, The Party's Over
Posted by: BumpMOFO ()
Date: August 13, 2021 01:52PM

bump mofo

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Re: Turn Out The Lights, The Party's Over
Posted by: kewjergerhj ()
Date: August 13, 2021 02:01PM

don't buy von wick's weed...pay attention to the news

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Re: Turn Out The Lights, The Party's Over
Posted by: kashsdgweh ()
Date: August 13, 2021 02:03PM

von wick sucks dick

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Re: Turn Out The Lights, The Party's Over
Posted by: WSJ Report ()
Date: August 16, 2021 02:21PM

Wall Street Journal Reported today:

Average real wages have fallen for seven months in a row. In other words, the Biden inflation has reduced the real wages of workers in every month that he has been in office. This confirms yet again that high inflation is a way of cutting wages by sneaky central-bank means.

This inflation has come as a surprise to the Federal Reserve, as it busily monetizes government debt, but it is no surprise at all. It reflects the most fundamental principle in economics: Nothing is free. You pay for monetizing government debt by taking money from the wage earners and robbing the savers.

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Re: Turn Out The Lights, The Party's Over
Posted by: jewgwefcweh ()
Date: August 16, 2021 02:52PM

bump, facts aren't going to disappear

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Re: Turn Out The Lights, The Party's Over
Posted by: bompbomp ()
Date: August 16, 2021 02:58PM

weed bumpity bump

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Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: August 16, 2021 03:12PM

bump to piss off the weed gods

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Re: Turn Out The Lights, The Party's Over
Posted by: BumpMachine ()
Date: August 16, 2021 04:01PM

buuuuump

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Re: Turn Out The Lights, The Party's Over
Posted by: RamRod ()
Date: August 16, 2021 04:35PM

rammin dis bump up the weed dealer asshole

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Re: Turn Out The Lights, The Party's Over
Posted by: CartoonsGood ()
Date: August 16, 2021 05:13PM

Cartoon says it all
Attachments:
20210816edsuc-a.jpg

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Re: Turn Out The Lights, The Party's Over
Posted by: HelloThere ()
Date: August 16, 2021 06:15PM

Hope everyone had a great day working for 7% less money

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Re: Turn Out The Lights, The Party's Over
Posted by: gt5fr ()
Date: August 16, 2021 06:43PM


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Re: Turn Out The Lights, The Party's Over
Posted by: WTF Dude ()
Date: August 17, 2021 03:49PM

Reported today:

"Washington is lying to the consumer."

"They’re saying that we are going to increase taxes on corporations, we are going to increase taxes on the rich, but when you increase taxes on the corporations, guess what? Those corporations increase their prices and reflect it to the consumer," Catsimatidis stressed.

He argued that increased prices for food, gas and heating oil will most affect those who "least can afford to pay." Inflation is a "tax" on the middle class and the poor, before he argued that "there’s an attack on America" due to the "transfer of wealth."

Also...

The central bank has been stoking inflation and is stubbornly blind to the danger of getting more than it bargained for, of letting loose what Nobel Prize–winning economist Friedrich Hayek described as the “tiger.”

Inflation doesn’t have to be Venezuelan or Zimbabwean hyperinflation to be destructive. It’s a tax diminishing the value of dollars earned and saved, and it increases the effective income- and capital-gains tax rates. It can cause systemic malinvestment, and it transfers wealth from creditors to debtors — the biggest of which is Uncle Sam.

While the Fed has cultivated and enjoys a stellar reputation on both sides of the political aisle and with much of the public, its track record since its 1913 creation has been less than stellar. The dollar has lost 96 percent of its value, and the U.S. has suffered multiple financial and economic crises.
-------------------

Did you get that? The value of the dollar has lost 96% since 1913. But, hey, let's trust in what the government tells us. They never lie, right?

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Re: Turn Out The Lights, The Party's Over
Posted by: WowWeAreScrewed ()
Date: August 17, 2021 04:02PM

Breaking news today:

Dow Plunges 500 Points As Investors Worry About ‘Worst Possible’ Inflation Scenario

Census Bureau reported consumer spending fell 1.1% from June to July

consumer confidence levels that “shockingly” hit their lowest level in a decade last week as a reminder of the “real risk” the economic recovery slows

Released by Deutsche Bank Research, the report echoes other warnings from leading financial experts that Washington's massive stimulus and debt was driving higher inflation and threatening economic growth. According to the report, the dramatic shift in macroeconomic policy taking place in Washington is "scary," with inflation being downplayed while massive fiscal and monetary stimulus is being "coordinated in ways the world has never seen before."

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Re: Turn Out The Lights, The Party's Over
Posted by: Which Soil Is Richer ? ()
Date: August 17, 2021 09:41PM

To sow the seeds of communism and see them take root

The fertile soil of millions upon millions of poor American people in Democrat controlled cities with millions of poor immigrants and illegals imported into the USA by Democrats policies which is today

OR

The hardened unfertile soil of a content nation of hard working people who don't need or want welfare in a USA that lives within its means and has a strong economy and national defense like we once were

Now you know why the Democrats are doing what they are to this country

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Re: Turn Out The Lights, The Party's Over
Posted by: Welcome ()
Date: August 18, 2021 11:28AM

In a news article today:

"The Biden administration has also proposed trillions of dollars in tax hikes on businesses. This, similarly, will be passed on to consumers through higher prices. Raising the corporate income tax from 21 to 28 percent will certainly have this effect. According to a 2020 National Bureau of Economic Research paper, 31 percent of the corporate tax rate is borne by consumers through higher prices of goods and services."

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Re: Turn Out The Lights, The Party's Over
Posted by: Invisibility ()
Date: August 18, 2021 12:17PM

Newsweek:

Every American is going to pay higher taxes thanks to the Biden administration's policies.

Remember that inflation is a hidden tax. It is a powerful (and often unseen and unstoppable) way for a government to pay for its goods and services without raising visible taxes that make people angry.

Warren Buffett is widely regarded as the best long-term investor in America. He clearly has moved from concerns about unemployment to concerns about inflation.

"We are seeing very substantial inflation," Buffett said at the annual meeting of Berkshire Hathaway. "We are raising prices. People are raising prices to us, and it's being accepted."

Inflation will be the key byproduct of the Biden administration's desperate strategy of spending beyond its means.

Government cheating by inflating currency is as old as government itself.

When President Biden promises not to raise taxes on people who make less than $400,000 a year, he is profoundly misleading the American people. His big-spending, big-deficit program will raise the price of everything—and everyone will pay the hidden Biden tax.

Most of us are already paying the hidden Biden tax every time we buy gasoline. This is thanks to the combination of killing the Keystone XL Pipeline, restricting exploration on federal land and a weakening dollar raising the price of oil on the world market (where it is measured in dollars and therefore goes higher when the dollar declines).

-----------------

I'm Joe Biden, and I don't approve of this message.

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Re: Turn Out The Lights, The Party's Over
Posted by: HolyShitMFer ()
Date: August 20, 2021 01:35PM

News article posted today:

Brace yourself — inflation's coming back stronger than ever

The Federal Reserve insists that the current price inflation is “transitory.” Every sign points in the opposite direction, however, and we need to understand the economic and political implications of what is about to begin — an era of high inflation.

A country cannot raise its debt by 40 percent in two years (as the federal government has done since 2019, according to my calculations of the Treasury Library’s monthly statements of debt) or spend more than $6 trillion in 2020 and incur a 15-percent fiscal deficit on top of years of prior profligacy, all without consequences. Nor can the Fed spend money to buy assets, increasing its balance sheet to more than $8 trillion (up from $4.3 trillion in 2019) and not expect that money to spill out into the economy at some point. There are signs that this is already happening — and it is only the beginning.

The financial chickens have finally come home to roost. The era of inflation will have a momentous effect on our lives. The picture will not be pretty — at home or abroad. We’d better begin to face the facts. There is nothing transitory about them.

Also...

Biden and Pelosi Set to Impose Tax Hikes on Small Businesses

During his campaign, President Biden promised the American people that he would not raise taxes on small businesses. Now he is violating that promise, and next week House Democrats will vote on the framework to make the tax hikes possible.

Biden's small business tax promise was made on Feb. 20, 2020 before a national audience during a Democratic debate hosted by MSNBC:

MSNBC's Hallie Jackson: "I want to ask you about Latinos owning one out of every four new small businesses in the United States. Many of them have benefited from President Trump's tax cuts, and they may be hesitant about new taxes or regulations. Will taxes on their small businesses go up under your administration?"

Biden: "No. Taxes on small businesses won't go up."

The White House this week tried to downplay it by asserting Biden's increase in the top marginal income tax rate would "only" hit three percent of small businesses.

Three percent of 31.7 million small businesses is 951,000 small businesses. And the White House failed to mention the one million small businesses organized as C-corporations: the Biden plan calls for a federal corporate tax rate increase to a higher-than-communist China rate of 28 percent.

In addition, another tax is coming:

Elimination of stepped up basis would impose an automatic capital gains tax at death -- separate from, and in addition to -- the Death Tax.

Biden's proposal would tax an asset's unrealized appreciation at transfer. You mean Junior gets taxed whether or not he sells the business? Essentially, yes. The idea that you could build up your small business and escape death tax and income tax to pass it to your kids is on the chopping block. Biden would levy a tax on unrealized appreciation of assets passed on at death. By taxing the unrealized gain at death, heirs would get hit at the transfer, regardless of whether they sell the asset.

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Re: Turn Out The Lights, The Party's Over
Posted by: ksahdsfgwehw ()
Date: October 14, 2021 03:43PM

I have been warning you....

Reported today:

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.

The Labor Department reported Thursday that the monthly increase in its producer price index, which measures inflationary pressures before they reach consumers, was 0.5% for September compared to a 0.7% gain in August.

The 8.6% rise for the 12 months ending in September compared to an 8.3% increase for the 12 months ending in August, which had been the previous record 12-month gain.

On Wednesday, the government reported that inflation at the retail level rose 0.4% in September with its consumer price index up 5.4% over the past 12 months, matching the fastest pace since 2008.

The jump in inflation this year reflects higher prices for food and energy and a number of other items from furniture to autos as the pandemic has snarled supply chains and demand has outstripped supply.

The report on wholesale prices showed that core inflation at the wholesale level, excluding volatile energy and food, was up 0.2% in September from August and was 6.8% higher over the past 12 months.

Almost 80% of the overall increase in wholesale prices last month was attributed to a 1.3% rise in the price of goods, the largest increase since May. In September, 40% of the jump in goods prices reflected rising energy prices. Price increases for services rose a smaller 0.2%

Food costs at the wholesale level rose 2% in September while energy prices were up 2.8%, the biggest jump since a 5% surge in March.

-------------

Free money isn't free. It's your money the government gives to others. Then they print more money, making yours less valuable. Then your less valuable money is used to pay for more expensive goods and services. You are officially double-fucked.
.

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Re: Turn Out The Lights, The Party's Over
Posted by: jashedfgweh ()
Date: October 14, 2021 03:58PM

Also this reported today on WSJ:

The Inflation Tax Rises
Real average hourly earnings have declined 1.9% since Biden’s inaugural.

"We learned from Milton Friedman that inflation is always and everywhere a monetary phenomenon. And there’s no question the Fed has been pursuing one of the most radical monetary experiments in history since April 2020. The actions were warranted in the early pandemic days to offset the damage when the government shut down the U.S. economy. But the Fed has kept the same policies for some 19 months even as the economy has regained its pre-Covid level of GDP.

From AP:

Winter heating bills set to jump as inflation hits home

NEW YORK (AP) — Get ready to pay sharply higher bills for heating this winter, along with seemingly everything else.

With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.

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Re: Turn Out The Lights, The Party's Over
Posted by: HooolyCrap ()
Date: October 14, 2021 04:09PM

Wow, even Bloomberg (a left-leaning news outlet) is posting negative today:

The Inflation Numbers Are Undeniable Now

There’s no getting around it: The September data have dashed any hopes that inflation is transitory.
"The U.S. consumer price inflation data for September is with us. With it, I will say tentatively, the debate over whether the current dose of inflation is merely transitory is almost at an end. There’s room for much argument about what should be done about rising prices, but there’s no longer any sensible way to dismiss this inflation episode as merely transitory."

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Re: Turn Out The Lights, The Party's Over
Posted by: Explainer In Chief ()
Date: October 19, 2021 10:05AM

OP has been posting about this 4 months and it looks like all the data and news articles are correct; run-away inflation is here and will persist.

When people vote to get "free" stuff, they de-value the dollar and add to the debt. That is a double whammy. Next time you go to buy chicken at the grocery store, don't complain about it. But make sure to reflect on why the price has gone up.

When you pay people to not work, you are giving away your money to them. When they don't work, it creates a supply chain issue because there aren't enough products being produced. Supply and demand is thrown out of whack. Prices increase. And your de-valued money is forced to pay the higher costs.

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Re: Turn Out The Lights, The Party's Over
Posted by: Researcher ()
Date: October 19, 2021 05:14PM

Reported today on CNBC:

Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

Powell's five-point inflation checklist goes like this: Lack of broad-based pressures; lower moves in high-inflation items; low wage pressures; tepid inflation expectations, and long-lasting forces that have kept inflation low globally.

Since the speech, the data has pointed mostly to continuing and in some respects escalating price pressures. Markets have responded by pushing up the yield on the benchmark 10-year Treasury note by about a quarter percentage point.

But consumer expectations for inflation continue to surge, rising to 5.3% over the next year and 4.2% over the next three years, according to the New York Fed. Both are the highest in the history of a data series that goes back eight years.

And, on Forbes today:

Energy Crisis Threatens Return Of 1970s Inflation

The growing energy crisis is causing rising prices for groceries, cars, rent, and just about everything else. Americans have been here before — in the 1970s when oil shocks and soaring inflation defined the economy.

Is America on a similar course today? It can’t be ruled out.

While there are critical differences between the U.S. economy then and now, the inflation numbers speak for themselves, and Fed officials are no longer blindly assuming that rising prices are “transitory” and will reverse.

U.S. consumer prices increased solidly again in September, putting pressure on the Biden administration to urgently resolve strained supply chains, hampering economic growth.

In the 12 months through September, the Consumer Price Index (CPI) increased 5.4% after advancing 5.3% on a year-on-year basis in August. And that rate will move higher in the coming months as the recent energy price spike is factored in.

Today, oil prices are trading over $80 a barrel even though oil demand has not returned to pre-pandemic levels yet. Many experts think it is only a matter of time before they reach $100.

High fuel prices are also pushing up costs for deliveries of all goods, which threatens to stoke inflation further.

Household expenditures for all major home heating fuels will soar this winter, putting a huge, unexpected burden on consumers.

Compared with last winter, the U.S. Energy Information Administration forecasts propane expenditures will rise by 54%, heating oil by 43%, natural gas by 30%, and electricity by 6%. That means Americans will have less disposable income to spend on other goods and services.

The danger is that higher energy prices trigger demand destruction and cap economic growth. If that happens, there could be a scenario where 1970s style “stagflation” — inflation at higher-than-normal rates despite minimum growth — could make a return.
-----------------------

Looks like the lower and middle class are paying an invisible tax ;)

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Re: Turn Out The Lights, The Party's Over
Posted by: TodaysReport ()
Date: October 29, 2021 12:46PM

Today, CNBC reports:

Annual inflation rose at its fastest pace in more than 30 years during September despite a decline in personal income, the Commerce Department reported Friday.

Headline price pressures as gauged by the personal consumption expenditures price index including food and energy increased 0.3% for the month, pushing the year-over-year gain to 4.4%. That’s the fastest pace since January 1991.

The continued inflation jump came as personal income declined 1% in September, more than the expected 0.4% drop.

The headline inflation rate was pushed by a 24.9% increase in energy costs and a 4.1% gain in food. Services inflation rose 6.4% on the year while goods increased 5.9%.
------------------

Just getting worse ;)

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Re: Turn Out The Lights, The Party's Over
Posted by: EconomyChieftain ()
Date: November 09, 2021 09:04AM

Man oh man...reported this morning:

U.S. wholesale inflation surges again

The numbers: Wholesale prices in the U.S. surged again in October and offered little sign that the biggest increase in inflation in decades is going to peter out soon.

The producer price index rose 0.6% last month, the government said Wednesday. The wholesale cost of gas and vegetables both rose sharply.

Economists polled by The Wall Street Journal had forecast a 0.6% advance.

Since January wholesale prices have climbed at least 0.5% in every single month. Before the pandemic they averaged less than a 0.2% increase each month.

The pace of wholesale inflation over the past 12 months was flat at 8.6%. That’s the highest level since the index was reconfigured in 2009, and likely one of the highest readings since the early 1980s.

The yearly pace of inflation using the Federal Reserve’s preferred PCE price gauge just hit a 30-year high of 4.4%. And the better known consumer price index has jumped 5.4% in the same span. The latest CPI comes out Wednesday (tomorrow).
......................

How ya liking that invisible tax on middle class and lower income families that Joe Biden and Kamala Harris have ignored?

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Re: Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: November 10, 2021 10:26AM

Well, I told you so....

Reported today on CNBC:

U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.

Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.

The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate.

On a monthly basis, the CPI increased 0.9% against the 0.6% estimate.

Fuel oil prices soared 12.3% for the month, part of a 59.1% increase over the past year. Energy prices overall rose 4.8% in October and are up 30% for the 12-month period.

Within the food category, meat, poultry, fish and eggs collectively rose 1.7% for the month and 11.9% year over year.

The price increases meant that workers fell further behind.

In a separate report, the Labor Department said real wages after inflation fell 0.5% from September to October, the product of a 0.4% increase in average hourly earnings that was more than offset by the CPI surge.

Shelter costs, which make up one-third of the CPI computation, increased 0.5% for the month and are now up 3.5% on a year-over-year basis, pointing to more reasons for concern that inflation could be more persistent than policymakers anticipate. The annual pace is the highest since September 2019.
................................

Joe Biden and Kamala Harris love taxes so they will do nothing. This is an invisible tax on the poor and middle class. Have a nice day.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoMoneyMoMoney ()
Date: November 11, 2021 05:48PM

Today in the news:

Unrelenting Inflation Wiped Out Bump in Workers’ Wages

Last Friday, the DOL reported that average hourly earnings increased .4% in the month of October, about in line with analyst estimates CNBC reports.

Yesterday though, the DOL also reported that overall inflation added another .9% on top of 12-straight months of increasing prices, bringing inflation up 6.2% over the last year.

In fact, according to the Bureau of Labor Statistics, with the increase in inflation real average hourly earnings actually decreased .5% for the month.

----------------------------

Cliff's Notes version: Joe Biden and Kamala Harris have done nothing (ignored the problem) to solve the problem and now prices are going higher and your money is de-valued. Any salary raise or bump in hourly wage you may have gotten is now worthless and may have put you in a higher tax bracket. Way to go Joe and Kamala!!

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Re: Turn Out The Lights, The Party's Over
Posted by: WeAreFuqed ()
Date: November 15, 2021 11:22AM

Reported today:

(whichever poster said we couldn't raise the interest rate, you were dead on right)


The Consumer Price Index (CPI) jumped by 0.9 percent in October, rising 6.2 percent from 12 months prior. If annualized, that 0.9 percent rate would hit a double-digit inflation pace of 11.4 percent. The last time inflation hit double digits was from 1979 to 1981, when that three-year run devalued the dollar by 11, 13, and 10 percent annually before Federal Reserve Chairman Paul Volker and President Ronald Reagan wrung it out through tightened monetary policy and productivity increases.

We’re not likely to see either soon, as any increase in interest rates would immediately lead to a catastrophic increase in interest payments on the national debt, while President Biden’s regulatory policies and tax uncertainty are acting to discourage productivity investments.

The gloomy inflation news comes on the heels of a terrible Department of Labor third-quarter productivity report showing a 5 percent decline, the steepest drop since 1981. The same report indicated the price of labor per unit of output increased 8.3 percent at an annualized rate. The productivity decline was deepened by the early retirement of older, highly productive workers who were replaced by less experienced workers who are being paid more to entice them into the workplace.

additional note: it was just reported that CHINA just surpassed the United States in wealth...

Global Wealth Surges as China Overtakes U.S. to Grab Top Spot

(Bloomberg) -- Global wealth tripled over the last two decades, with China leading the way and overtaking the U.S. for the top spot worldwide.

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Re: Turn Out The Lights, The Party's Over
Posted by: ChickenGood ()
Date: November 15, 2021 04:15PM

Remember when the person posted that companies don't pay taxes, rather they raise prices to the consumer as a way to offset the increased cost of doing business?

Well...reported today:

Tyson Foods plans further price hikes to offset inflation pressures

The Springdale, Arkansas-based Tyson, the biggest U.S. meat company by sales, said chicken prices rose 19% during its fiscal fourth quarter while beef and pork prices jumped 33% and 38%, respectively.

- Note the increase in prices due to increased cost of doing business. That is the lower and middle class invisible tax hike you are paying.

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Re: Turn Out The Lights, The Party's Over
Posted by: jhefewhekjewjk ()
Date: December 02, 2021 11:11AM

Another grim prediction today:

https://www.forbes.com/sites/oliverwilliams1/2021/12/02/inflation-hits-15-fossil-fuels-boom-and-a-hypersonic-cold-war-starts-here-are-the-predictions-for-2022/?sh=c7e3a4b3fbbe

Inflation predicted to possibly be 15% in 2022. Not good.

"Employers will therefore have to increase wages for less desirable jobs. These increases could hit the "unprecedented" double-digit mark. Combine that with all the other inflationary pressures, an energy crisis, and supply chain disruption, and suddenly things spin out of control.

In such a scenario, the Federal Reserve will try to react, says Demik. "But this is already too late. It has lost credibility." Saxo Bank says U.S. inflation could go above 15% before 2023."

Also reported:

WASHINGTON — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can’t be sure that price increases will slow in the second half of next year as many economists expect.

In the past, Powell, who was nominated last week to a second four-year term by President Joe Biden, has frequently expressed his belief that these supply-and-demand imbalances should fade as the pandemic eases, which would reduce inflation. But on Wednesday, he said that while such an outcome is “likely,” it is only a forecast.

“The point is, we can’t act as if we’re sure of that,” he said. “We’re not at all sure of that. Inflation has been more persistent and higher than we’ve expected.”

On Tuesday, Powell said he was ready to “retire” the use of the word “transitory” to describe inflation. Instead, he said the “risk of higher inflation has increased.”
------------------------------

Wow, way to go Joe Biden and Kamala Harris. Just drive the car off the cliff.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoMoneyMoMoneyMoMoney ()
Date: December 03, 2021 09:57AM

In today's news:

WASHINGTON — Treasury Secretary Janet L. Yellen on Thursday said she believed it was time to stop characterizing inflation as temporary. Ms. Yellen’s remarks echoed those of Jerome H. Powell, the Federal Reserve chair, who said earlier this week that inflation was more than a short-term issue. “I am ready to retire the word transitory,” Ms. Yellen said. “I can agree that that hasn’t been an apt description of what we are dealing with.”

Also reported:

As prices creep higher for food, gasoline and other necessities, nearly half of U.S. households say they are feeling the financial strain, according to a Gallup survey released Thursday.

Roughly 45 percent of households are being hurt by price increases, according to a survey of nearly 1,600 people conducted Nov. 3 to Nov. 16. About 1 in 10 said that hardship was severe enough to affect their standard of living, while 35 percent described the hardship as “moderate.”

The effects were most acute in lower-income households, with 71 percent of those making less than $40,000 a year saying they experienced hardship, compared with 47 percent for middle-income households and 29 percent of those considered upper-income.

The nation’s median rent swelled 17.8 percent from January to November, according to the Apartment List’s National Rent Report. The median sales price of a single-family home hit $353,900 in October, according to the National Association of Realtors, up more than 13 percent year over year. Beef prices are up 20 percent in the same period, according to the BLS, and the cost of a carton of eggs has risen nearly 30 percent. On Thursday, the national average for a gallon of gas was $3.37, according to AAA, compared with $2.15 a year ago.
---------------------

Way to go Joe Biden and Kamala Harris. Keep doing nothing so your voters continue to suffer.

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Re: Turn Out The Lights, The Party's Over
Posted by: WatchOutMoFo ()
Date: December 07, 2021 09:54AM

Get ready. The new inflationary numbers will be released Friday 12/10 and economists are predicting the numbers are going to be bad. It's now predicted that this "transitory" inflation will extend through 2023.

Way to go Joe Biden and Kamala Harris. You ignored (and actually promoted) an invisible tax on the poor and middle class.

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Re: Turn Out The Lights, The Party's Over
Posted by: JOE IS More Interested ()
Date: December 07, 2021 10:25AM

In playing to the far leftists and his Democrats ,then upholding our constitution and standing up for the American people.

Its all building to a climax when he will take the walk of shame in 2023 after the American people minus the Democrat hacks have had enough

Joe Biden Worst US president of all time (DEMOCRAT)

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Re: Turn Out The Lights, The Party's Over
Posted by: MoPayLessWork ()
Date: December 07, 2021 02:39PM

This is really bad news...

CNBC reported today:

Labor productivity declined 5.2% from the previous three-month period. That was the biggest quarterly decline since the second quarter of 1960.

Unit labor costs, or the measure of how much businesses pay their per unit of input, rose 9.6% from the second quarter, which reflected a 3.9% increase in compensation combined with the decline in productivity.

Federal Reserve officials watch the productivity data closely for its impact on inflation. Low productivity levels tend to boost inflation as companies are forced to raise prices as unit labor costs increase and profit margins come under pressure.
----------------------

In other words, get ready for even more higher prices.

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Re: Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: December 10, 2021 01:43PM

The numbers came out today for November...really bad news

Reported today:

Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982

Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve.

The consumer price index, which measures the cost of a wide-ranging basket of goods and services, rose 0.8% for the month, good for a 6.8% pace on a year over year basis and the fastest rate since June 1982.

Energy prices have risen 33.3% since November 2020, including a 3.5% surge in November. Gasoline alone is up 58.1%.

Food prices have jumped 6.1% over the year, while used car and truck prices are up 31.4%, following a 2.5% increase last month.

Shelter costs increased 3.8% on the year, the highest since 2007 as the housing crisis accelerated.

------------------------

Joe Biden and Kamala Harris love the extra taxes you pay on increased prices. I warned you guys back in June what to expect.

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Re: Turn Out The Lights, The Party's Over
Posted by: ShyyyytMoFo ()
Date: December 10, 2021 01:55PM

An hour ago:

President Biden brushed off government data showing the highest inflation in 39 years Friday, arguing that the declining value of the US dollar means that Congress should pass his $2 trillion social and environmental spending bill.

The Congressional Budget Office says the bill would add $367 billion in unfunded spending, potentially worsening inflation.
-------------------------------

You may hate Trump, but Joe Biden and Kamala Harris are a complete disaster and they want the US to jump off the cliff.

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Re: Turn Out The Lights, The Party's Over
Posted by: 654738 ()
Date: December 10, 2021 04:59PM

biden said no increase tax on anyone making less than 400k but we are paying the inflation tax and now he wants to take us further in debt which will make inflation worse and give us even more taxes. this aint a good move for anyone except the rich and they aint suffering like the poor and middle class.;

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Re: Turn Out The Lights, The Party's Over
Posted by: LookingAhead ()
Date: December 13, 2021 01:40PM

The Fed is meeting tomorrow to make a decision on how much they will taper and possibly raise interest rates.

I told you 6 months ago about this. Now, it's too late. Welcome to the next phase of a crushed economy: stagflation. Joe Biden and Kamala Harris spent so much money and raised the debt so high that tapering and raising interest rates will crush the economy. People will not buy houses. Businesses will not invest and expand. The economy will stagnate.

Stock market is tanking again today on the news about the Fed finally waking up (way too late) and trying something that will be ineffective because they were asleep at the wheel and taking orders from Joe Biden and Kamala Harris.

Reported today on the Wall Street Journal:

"The Biden Stagflation Is Coming
His approach to the economy is already causing prices to rise. It will soon stifle growth as well."
-------------------------------

Keep believing in those fucking idiots Joe Biden and Kamala Harris. You can certainly help them push the United States off the cliff. 2022 is NOT going to be a good year. I hope you saved your cash and stocked up on canned good. You're gonna need it.

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Re: Turn Out The Lights, The Party's Over
Posted by: ObamaEconomist ()
Date: December 13, 2021 08:06PM

Also reported today:

Top Obama Economist Debunks Biden Talking Point About Root Causes of Inflation

On Monday, Lawrence Summers — who worked as Treasury Secretary under the Clinton administration and National Economic Council director under the Obama administration — explained on social media that he “cannot understand” why White House officials “cling to the idea that inflation is caused by bottlenecks” and “will soon recede to normal levels.”

Summers also called it a “long shot” to believe that inflation will soon revert to “levels anywhere near” the Federal Reserve’s targets.

According to Summers, housing prices have increased by as much as 20% since last year — leading to a true inflation rate in the double digits. “Either the official indices are just wrong or more likely 3 to 4 points of inflation from housing are coming in 2022, even if there is no further increase in rents or home prices,” he explained. “This effect far exceeds any benefit from lower energy or used car prices.”

Summers therefore sees no immediate end in sight for high price levels.

“Given housing prices and tightening labor markets, there is no compelling reason to expect major deceleration in inflation,” he repeated. “But, even if inflation subsided to .2 percent a month, the annualized inflation rate would be 6.5% in March 5.1% in June and 4.0% before the election in September.”

(remember that part: trying to reduce before September elections so Biden can claim to have everything running just fine)

“I think it’s possible but quite unlikely that inflation will recede back to its normal 2 percent level without some significant change in the path … we’re now on,” he said. “I think the Fed has made a significant mistake in the approach that it’s taking by doubling down on the massive fiscal stimulus we had at the beginning of the year with really easy monetary policy.”
---------------------------------

Just amazing how disastrous Joe Biden and Kamala Harris actually are. And we are paying for it.

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Re: Turn Out The Lights, The Party's Over
Posted by: TheBigLie ()
Date: December 13, 2021 08:13PM

Pay attention to this one...because it DIRECTLY affects you:

Last week, Bureau of Labor Statistics officials trotted out a new inflation-reporting gimmick. They will adjust the formula for measuring CPI.

The two-sentence announcement simply states the index will use consumer expenditure data from 2019-2020. There isn’t enough detail to know exactly what this means, but it looks like an effort to raise the baseline numbers and thereby moderate reported price increases.

(Yes, it's a deliberate attempt to lie about how high inflation is rising. It's like changing the definition of average so obese people don't feel as bad.)

Americans will know for sure the fix is in when the headline CPI numbers begin to decline, and the financial press starts cheering Biden and the Fed for conquering the inflation dragon.
---------------------------------

Get ready for the Great Big Lie.

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Re: Turn Out The Lights, The Party's Over
Posted by: AnotherLie ()
Date: December 14, 2021 09:14AM

Today:

Marketwatch:

Senate Democrats are expected to vote Tuesday to raise the borrowing limit, just one day before the date on which Treasury Secretary Janet Yellen had warned the country would default on its outstanding bills.

“Last week we advanced bipartisan legislation that will enable the chamber to address the debt ceiling on a fast-track basis,” Senate Majority Leader Chuck Schumer said in a floor speech on Monday. “For the information of all, the Senate will act tomorrow to prevent default.”

While Schumer didn’t specify by how much the Senate would raise the debt limit, analysts expect the sum to be around $2 trillion, enough to get the Treasury comfortably past the mid-term elections.
----------------------------

Raise the debt limit, lower the value of your money further, all in an attempt to postpone default beyond midterm elections. $2 TRILLION more??? Way to go Joe Biden and Kamala Harris. Kick the can down the road a little so democrats have a better chance in the midterm elections.

But then your money has no value. It's ok, as long as the politicians stay in office. Right?

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Re: Turn Out The Lights, The Party's Over
Posted by: WhoaPPI ()
Date: December 14, 2021 09:55AM

Just reported:

New York (CNN Business) A key inflation gauge showed that US prices continued to climb in November.

The producer price index (PPI) — which tracks the average changes in selling prices that domestic producers receive over time — rose 9.6% over the 12 months ended in November. It was the biggest jump since the data series was first calculated in November 2010, according to the Bureau of Labor Statistics, and a larger advance than economists had expected.
----------------------------

Another loss for the consumer under Joe Biden and Kamala Harris. Nice.

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Re: Turn Out The Lights, The Party's Over
Posted by: ReportedToday ()
Date: December 15, 2021 09:14AM

Reported today:

The numbers: The cost of imported goods increased sharply in November, contributing to the highest rate of U.S. inflation in almost 40 years.

The U.S. import price index jumped 0.7% last month, the government said Wednesday. Economists polled by The Wall Street Journal had forecast a 0.6% advance.

Over the past year import prices has climbed 11.7%. The last time they rose that fast before the pandemic was in 2011.

Also reported:

U.S. retail sales climb tepid 0.3% in November as Americans confront high inflation

The numbers: Amazon, Target and other retailers posted a small 0.3% increase in sales in November, but high inflation suggests consumers bought fewer goods and services than expected at the start of the holiday shopping season.

Economists polled by The Wall Street Journal had forecast a 0.8% increase.

Yet the rise in sales was outstripped by a higher cost of living. The consumer price index jumped 0.8% in November to push the yearly rate of inflation to a 39-year high of 6.8%. Adjusted for inflation retail sales appeared to have declined. The big danger is if high inflation persists and price increases become embedded in the economy. That could force the Federal Reserve to jack up interest rates, further raise business costs and discourage consumers from buying as many goods and services.
-----------------------------------------

Looks like Joe Biden and Kamala Harris have ignored the problem so long now that shoppers have almost stalled out retail sales. Joe Biden, go take another nap and make sure to ignore the problem and the people telling you about the hardships they are having with your economy.

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Re: Turn Out The Lights, The Party's Over
Posted by: RateHikesComing ()
Date: December 15, 2021 03:58PM

Reported today from the Fed meeting:

The Federal Reserve on Wednesday announced plans to accelerate the wind down of pandemic-era stimulus for the U.S. economy and penciled in at least three interest rate hikes next year as policymakers seek to combat the hottest inflation in four decades.

The Federal Open Market Committee said at the conclusion of its two-day policy-setting meeting this week that it would double the reduction of its asset-purchase program to $30 billion a month, a timeline that could phase out the purchases entirely by March rather than the original June trajectory laid out last month.

Every Fed official has penciled in at least one rate hike next year – a considerable shift from September, when half of the central bankers believed interest rate increases were not warranted until at least 2023.

Officials now project rates to stand at 0.9% at the end of 2022, 1.6% at the end of 2023 and 2.1% at the end of 2024.
--------------------------------------------

1. It's about fucking time
2. People, get your loans and FIXED mortgages while you can before the rates go up
3. I can't stand Dementia Joe and his administration but I hope this works our way out of the Biden-ignored inflation.

We'll see if "tapering" works. Because federal interest rate hikes are also a tax on the poor and middle class.

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Re: Turn Out The Lights, The Party's Over
Posted by: TheTaxesComputed ()
Date: December 16, 2021 11:44AM

This was posted today:

The Wharton School of Business at the University of Pennsylvania ran the numbers to analyze what American households will have to spend in 2021 to maintain the same living standard from 2020 or 2019. Their analysis reports that “inflation in 2021 will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in recent previous years.”

That’s right: Thanks to the ongoing price inflation, families basically just got $3,500 poorer. The Wharton analysis also notes that lower-income households will be hit even harder by these price increases than higher-earning families, because lower-income families tend to spend relatively more of their money on particular goods that have seen the heaviest price hikes.
----------------------------------------------

Think about that. The inflation tax that Joe Biden ignored cost you $3500 extra. If your household income is $100k (unlikely for many of you), that was a 3.5% tax increase AFTER you already paid your federal taxes on that $100k. Assuming you pay 20% taxes, that $80K take-home pay with an extra $3500 inflation bill (extra money for goods and services post-tax) actually comes out to be an additional 4.4% tax due to the inflation that Joe Biden ignored.

This doesn't take into account how bad that inflation tax was for lower middle-income and poor families.

Way to go Joe! You sack of shit.

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Re: Turn Out The Lights, The Party's Over
Posted by: 2022Outlook ()
Date: January 05, 2022 04:03PM

Ouch, that's gonna hurt...

reported today...and then the market tanked:

Federal Reserve officials at their meeting last month eyed a faster timetable for raising interest rates this year, potentially as soon as in March, amid greater discomfort with high inflation.

Minutes of their Dec. 14-15 meeting, released Wednesday (today 1/5/2022), showed officials believed that rising inflation and a very tight labor market could call for lifting short-term rates “sooner or at a faster pace than participants had earlier anticipated.”

Inflation could linger longer than previously expected, Federal Reserve officials discussed in December. When Fed leaders convened in mid-December, they made their strongest move yet to tackle inflation, moving up the timeline for what could be as many as three interest rate hikes in 2022.
-----------------------

Joe Biden and Kamala Harris sure did phuck this one up. Ladies and Gents, get ready for a bad 2022.

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Re: Turn Out The Lights, The Party's Over
Posted by: Single, No Kids ()
Date: January 05, 2022 08:49PM

TheTaxesComputed Wrote:
-------------------------------------------------------
> This was posted today:
>
> The Wharton School of Business at the University
> of Pennsylvania ran the numbers to analyze what
> American households will have to spend in 2021 to
> maintain the same living standard from 2020 or
> 2019. Their analysis reports that “inflation in
> 2021 will require the average U.S. household to
> spend around $3,500 more in 2021 to achieve the
> same level of consumption of goods and services as
> in recent previous years.”
>
> That’s right: Thanks to the ongoing price
> inflation, families basically just got $3,500
> poorer. The Wharton analysis also notes that
> lower-income households will be hit even harder by
> these price increases than higher-earning
> families, because lower-income families tend to
> spend relatively more of their money on particular
> goods that have seen the heaviest price hikes.
> ----------------------------------------------
>
> Think about that. The inflation tax that Joe Biden
> ignored cost you $3500 extra. If your household
> income is $100k (unlikely for many of you), that
> was a 3.5% tax increase AFTER you already paid
> your federal taxes on that $100k. Assuming you pay
> 20% taxes, that $80K take-home pay with an extra
> $3500 inflation bill (extra money for goods and
> services post-tax) actually comes out to be an
> additional 4.4% tax due to the inflation that Joe
> Biden ignored.
>
> This doesn't take into account how bad that
> inflation tax was for lower middle-income and poor
> families.
>
> Way to go

I make $259.
I’ll be okay.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: DaNumbahs ()
Date: January 10, 2022 09:55AM

New inflation numbers due out Wednesday Jan 12. Analysts predict the numbers are going to be bad.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: TheJungle ()
Date: January 12, 2022 10:01AM

Welcome to the jungle...

Reported today, and predicted by analysts:

Inflation surges 7% in December, highest rate in 40 years

So-called core prices, which exclude more volatile measurements of food and energy, soared 5.5% in December from the previous year – a sharp increase from November, when it rose 4.9%. It was the steepest 12-month increase since 1991.

"It’s the highest annual CPI number since 1982 and driven not by energy prices, but by just about everything else."

The eye-popping reading – which marked the seventh consecutive month the gauge has been above 5% – will likely amp up pressure on the Federal Reserve to begin hiking interest rates as soon as March in order to combat the recent price surge. Hiking interest rates tends to create higher rates on consumers and business loans, which slows the economy by forcing them to cut back on spending.
-------------------------

Get ready boys and girls. 2022 is gonna be a bumpy ride with a crashing economy (with at least 3 fed rate increases) and (my prediction) filled with layoffs.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: 2022to2024 ()
Date: January 14, 2022 11:53AM

Forbes released a news article...really scary:

With the Consumer Price Index up seven percent in the 12 months through December, it will soon be time for the Fed to get started. But once the Fed tightens, how long will it take for inflation to retreat?

A common rule of thumb has been a two-year time lag between monetary policy and inflation. The lag from policy to spending, production and employment is shorter, but the time lag to change inflation is long. A recent survey shows even longer time lags.

Tomas Havranek and Marek Rusnak, writing in the International Journal of Central Banking, conducted a meta-analysis of 67 published studies of the time lag. They concluded, “The average transmission lag is twenty-nine months ….” They also found the time lag to be longer, on average in developed countries such as the United States.

71% of analysts predict high inflation will be with us through 2024.

However, the average length of the time lags argues for high inflation for some time to come. The Fed’s stimulus was huge in March and April of 2020. That is, no doubt, driving current inflation in 2022. But 2021’s stimulus was very strong from February through November, with less stimulus—but still stimulus—planned in 2022. So 2022’s inflation is probably baked in the cake, with 2023’s inflation substantially determined by monetary policy that has already occurred.

When the Fed slows it’s purchases of long-term bonds and mortgage-backed securities, and then raises short-term interest rates a bit, inflation will appear to be unresponsive to monetary policy. The Fed, having tapped the brakes to no effect, will have to press down harder and on a sustained basis. Jerome Powell’s Senate testimony made clear that the Fed was not about to stomp hard on the brake pedal. That means that inflation will probably remain high through 2024.

Those pesky time lags of monetary policy, however, will probably lead the Fed to wait too long (and they probably already have) and then fight inflation in a way that leaves the economy in recession. It’s not a happy outcome, and it won’t happen right away, but business leaders should prepare for a downturn in the next few years.
-------------------------

For those of you who were too busy or lazy to read:

Be prepared to pay the inflation tax for the next 2 years (at least) as well as a distinct possibility for a real possibility of recession/stagflation and layoffs.

You may want to remove you Joe Biden and Kamala Harris bumper stickers.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Every Bad Event Since 1976 ()
Date: January 14, 2022 07:51PM

Can be traced directly to Democrats

In today's world , in the last 20 years when has the national Democrats done anything but create a bad US economy which also effects the whole worlds markets

You know who never to vote for if you want to see a good US economy and watch your investments grow for your families future and your solvent retirement

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Well... ()
Date: January 15, 2022 01:47AM

Given the fact Bush 43 was a RINO thats pretty much true , do I feel safer today after all those young Americans died in the middle east

NO its the people here who will actually kill you after a robbery beatdown or rape or just for kicks and most of them are Democrats

But Bush and Dick Cheney did give Saddam a good ass kicking and thats what we needed to see as a partial payback for 911 but a RINO is only half Democrat and Half Republican. Cheany may be 3/4 Republican and the rest he got from his daughter the Democrat in disguise as a Republican hes getting old can you blame him we all slip a little

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Ya.. WE All Slip a Little ()
Date: January 15, 2022 01:51AM

But JOE has slipped a lot! That cheese will not stay on his cracker anymore, you know he is pushing 80 , we have to be kinder to the elderly

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: TheRealTruth ()
Date: January 21, 2022 10:20AM

Inflation is here to stay, especially with the increase in minimum wage. The wage increase isn't just for the burger flipper. Wage increase starts at the farm where they hire people to work, then for the people who package, then the shipping company, the drivers, marketing and accounting people for the fast food company, and the list goes on and on. This wage increase is across all industries.

Businesses pass on the costs to you. You pay the inflation tax when you buy things. And when you don't buy things, people will be laid off. Then production goes down and goods become scarce and their prices go up again.

Get ready for more bad news. When interest rates go up under Joe Biden and Kamala Harris, things will come to a stand still. The housing market (nationally) will slow to a crawl, businesses will slow down, and you will then be dealing with layoffs. 2022 is, unfortunately, going to be a tough year. And this is not taking into account that there will be at least one more covid variant fucking with the economy.

Stock up on canned goods.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: 2022Doom ()
Date: January 24, 2022 12:15PM

I warned you...now possibly 7 interest rate hikes....ouch

Reported today:

US stocks tumbled again Monday, with the S&P 500 falling as much as 3% to enter a correction as investors braced for the Federal Reserve to sharply tighten monetary policy to tame hot inflation, while major tech companies report earnings this week.

The S&P 500 during Monday's session marked an 11% decline from its all-time high of 4818.62 logged just two weeks ago on January 4. Six of its 11 sectors were down by more than 2%, led by the energy group as oil prices slumped.

The Dow Jones Industrial Average was close to a correction, down by 9.4% from its all-time high of 36,952.65 notched on January 5. The Nasdaq Composite entered into a correction last week with its drop of more than 10% from a recent high.

This Wednesday, the Fed will release its first policy decision of the year. And with inflation near 40-year highs, the central bank is set to ramp up interest rates soon and draw back further on its emergency, monetary response to the pandemic.

Traders expect the Fed to increase rates four times this year, starting in March with a 25-basis-point increase. But some analysts believe policymakers could move even more quickly. Goldman Sachs economists said the Fed may hike rates at every meeting from March — or seven increases in total.
-----------------

Good luck everyone. Be prepared for a 2022 economic disaster thanks to Joe Biden and Kamala Harris intentionally ignoring the inflation issue leading to you paying the inflation tax and setting up the US economy for a disastrous 2022 crash.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: OhFuuudge ()
Date: February 09, 2022 02:13PM

Get ready for more bad news. The new insulation report will be released on Thursday but here is the prediction according to analysts.

The latest US inflation report will be released on Thursday at 13:30 GMT. Forecasts suggest inflationary pressures continued to heat up, pushing the yearly CPI rate to its highest level in four decades. Markets are already pricing in more than five Fed rate hikes this year and a hot inflation print can add more fuel to those bets.

Money markets are currently pricing in five rate increases for this year and have started to entertain the idea of a sixth.

In fact, incoming data has been so strong that traders now assign a 36% probability for a ‘double’ hike of 50 basis points at the March meeting amid speculation that the Fed may need to resort to more drastic measures.

In January, the yearly CPI rate is expected to have risen to 7.3%, from 7.0% previously. Similarly, the core rate that strips out volatile items like energy and food is seen at 5.9%, up from 5.5% in December.

—————-

Slow Joe Biden and Kamala Harris…ignored the financial crisis and you’re paying the inflation tax.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: When Fried Chicken Goes Way Up ()
Date: February 09, 2022 10:34PM

There will all hell to pay

I just saw a pack of wings 22 dollars that were 8 tops when Trump was in

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: So Will Joe Push For 6 Trillion ()
Date: February 09, 2022 10:38PM

From Red China to give all those on welfare a COLA that actually will be keeping up with inflation , if not robberies will skyrocket, the money for hot wings skrimp lobster steaks and hoes has got to come from somewhere

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Hoe ()
Date: February 09, 2022 10:42PM

Thanks for looking out for me I need my Joe inflation raise too, everyone does

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Hgdyj ()
Date: February 10, 2022 03:30PM

Hoe Wrote:
-------------------------------------------------------
> Thanks for looking out for me I need my Joe
> inflation raise too, everyone does

The problem with the rate of increase in pay is that it is not keeping up with the rate of inflation. You may be an exception but an exception does not define the rule.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Wowsa ()
Date: February 10, 2022 03:31PM

Reported today:

Feb 10 (Reuters) - Wall Street sank on Thursday after U.S. consumer prices data came in hotter than expected, and subsequent comments from a Federal Reserve official raised fears the U.S. central bank will hike rates aggressively to fight inflation.

U.S. Labor Department data showed consumer prices surged 7.5% last month on a year-over-year basis, topping economists' estimates of 7.3% and marking the biggest annual increase in inflation in 40 years.

————-

I hope you people are stocking up on canned goods. It’s only going to get worse. And when the Fed raises rates in March, get ready for a recession.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Khfrhncd ()
Date: February 23, 2022 10:32PM

OK boys and girls, get ready for a rough 2022. Everything that has been predicted as a worst case scenario is now a reality. Gasoline prices are through the roof and inflation is an all time high. Next month, there’s a 50% chance that there will be a half point fed rate increase and guaranteed to be a quarter point fed rate increase. This will be one of four fed rate increases for the year. Companies will have to lay people off because they cannot afford to keep people. People are an investment and when money becomes more expensive, companies don’t invest as much. In addition to all of this, companies also will have to lay off because they don’t have any products to sell and the products that they do have are too pricey. The final issue is the price of gas. Companies rely on shipping to get their products and of course the cost of business is also determined by what companies have to pay to get products delivered to them. When the Fed rate increases, the economy is going to tank. As was suggested earlier in this thread, you should probably start stocking up on canned goods and dried noodles lol. This is all because Joe Biden and Kamala Harris decided to ignore all of the analysts and recommendations last year to increase the Fed rate before inflation got out of hand.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: TheScene ()
Date: February 24, 2022 04:11PM

It looks like the fed interest hike in March is going to be a quarter point but they said unfortunately it looks like a recession will be very very difficult to avoid. The change was because of the Russian invasion of Ukraine which has driven inflation even higher on energy. I don’t know if you’ve looked at the price of gas lately but it’s pretty steep. The already costly inflation added to a quarter point increase in the fed rate will most likely add to a recession. If you haven’t already, you may want to start stocking up on the basics. I went to Wegmans this morning and things are a little scarce.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Troofer ()
Date: February 24, 2022 04:19PM

There is a recession indicator called the inverted yield curve. Do a search on Google news for inverted yield curve recession and you will see that the people in the know actually understand that a recession is very likely. The inverted yield curve has predicted at nearly 100% accuracy every recession. Things are not looking good.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: We’re Fuqd ()
Date: February 26, 2022 10:52AM

Reported yesterday:

The personal consumption expenditures price index rose at a 6.1% annual rate through January, its highest since 1982 and more than triple the 2% inflation rate the Fed has set as its target for the U.S. economy. read more

That measure of annual inflation, reported monthly by the government, has been as higher or higher than in the prior month for 14 straight months - a run not seen since the 1970s and a blow to arguments commonly heard at the Fed last year that rising prices would prove "transitory" and disappear as the economy reopened.
—————————-

As pointed out previously, our economy is a complete disaster. There is no fix beyond raising interest rates. When the Fed starts raising interest rates, the economy is going to tank even further and it will also put extreme pressure on the federal government repaying the debt. This is going to be nearly impossible when we are in a recession. 2022 is not a good year thanks to Joe Biden and Kamala Harris and the damage that they did by ignoring a serious problem that all the atlas told them was coming.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LightsOut ()
Date: March 10, 2022 09:03AM

Remember, these numbers are BEFORE the Russian invasion on Ukraine

Just reported:

US Inflation Sets a Fresh 40-Year High Over Past Year: 7.9%

Labor Department reflected the 12 months ending in February and didn’t include most of the oil and gas price increases that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32

Even before the war further accelerated price increases, U.S. consumer inflation rose to its highest level in four decades. What’s more, housing costs, which make up about a third of the government’s consumer price index, have risen sharply, a trend that’s unlikely to reverse anytime soon.

These number won't reflect the oil and gas spikes of the past week, which will likely catapult prices even higher in coming months.

Federal Reserve is set to raise interest rates several times this year beginning with a modest hike next week. The Fed faces a delicate challenge, though: If it tightens credit too aggressively this year, it risks undercutting the economy and perhaps triggering a recession.
-----------------------------------------------

Did you people load up on canned goods yet? Joe Biden and Kamala Harris have done everything they can to screw the people of the United States. They shut the pipeline, made policy so unfavorable to oil companies that the companies have no incentive to drill for oil, and then Joe and Kamala thought it would be a good idea to cut off oil from Russia and instead try to get oil from Iran and Venezuela (who are just as bad as Russia). The Saudis have told Biden to pound sand lol.

When the fed starts raising rates next week, the current crisis will look like Disneyland. You have been warned.

Have a great day everyone. Save your pennies, not that they are worth anything now. But maybe they will taste good when you cannot afford a loaf of bread.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LightsOut ()
Date: March 10, 2022 09:11AM

LightsOut Wrote:
-------------------------------------------------------
> Remember, these numbers are BEFORE the Russian
> invasion on Ukraine
>
> Just reported:
>
> US Inflation Sets a Fresh 40-Year High Over Past
> Year: 7.9%
>
> Labor Department reflected the 12 months ending in
> February and didn’t include most of the oil and
> gas price increases that followed Russia’s
> invasion of Ukraine on Feb. 24. Since then,
> average gas prices nationally have jumped about 62
> cents a gallon to $4.32
>
> Even before the war further accelerated price
> increases, U.S. consumer inflation rose to its
> highest level in four decades. What’s more,
> housing costs, which make up about a third of the
> government’s consumer price index, have risen
> sharply, a trend that’s unlikely to reverse
> anytime soon.
>
> These number won't reflect the oil and gas spikes
> of the past week, which will likely catapult
> prices even higher in coming months.
>
> Federal Reserve is set to raise interest rates
> several times this year beginning with a modest
> hike next week. The Fed faces a delicate
> challenge, though: If it tightens credit too
> aggressively this year, it risks undercutting the
> economy and perhaps triggering a recession.
> -----------------------------------------------
>
> Did you people load up on canned goods yet? Joe
> Biden and Kamala Harris have done everything they
> can to screw the people of the United States. They
> shut the pipeline, made policy so unfavorable to
> oil companies that the companies have no incentive
> to drill for oil, and then Joe and Kamala thought
> it would be a good idea to cut off oil from Russia
> and instead try to get oil from Iran and Venezuela
> (who are just as bad as Russia). The Saudis have
> told Biden to pound sand lol.
>
> When the fed starts raising rates next week, the
> current crisis will look like Disneyland. You have
> been warned.
>
> Have a great day everyone. Save your pennies, not
> that they are worth anything now. But maybe they
> will taste good when you cannot afford a loaf of
> bread.


One additional warning...

If you rent an apartment, get ready for sticker shock with your upcoming renewal. Plan on a 25-30% increase on your renewal rate. Yes, that is not an exaggeration. My friend rents an apartment and he just got a 30% increase on his renewal. When he discussed with the management office, they said increase is due to inflation as well as the money that real estate investment companies could not collect from people during covid.

Have a great day!!

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: SettingRecords ()
Date: March 15, 2022 03:24PM

Reported today:

Wholesale Prices Soar 10% In February, Highest Level On Record

Wholesale prices soared again last month to their highest level on record as inflation continues to spiral out of control. The Labor Department on Tuesday said the producer price index, which measures inflation at a wholesale level before products are sold to consumers, rose 10% in February from a year ago.

Meanwhile, (employee/worker) earnings fell again, according to the bureau’s data. “Real inflation-adjusted average hourly earnings for the month fell 0.8% in February, contributing to a 2.6% decline over the past year, according to the BLS. That came even though headline earnings rose 5.1% from a year ago, but were outweighed by the price surge,” CNBC reported.

--------------------------

Stock up. This is going to be a long bumpy ride. Joe Biden and Kamala Harris will continue to assume you are an idiot while they blame Russia for the current disaster that's been building for more than a year.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: ItsON ()
Date: March 17, 2022 02:13PM

Today:

Higher prices of gas, groceries, new cars and mortgage rates got you down? Americans may have to get used to it. The rate of inflation might not return to pre-pandemic levels of less than 2% for at least another three years.

That’s the blunt message the Federal Reserve delivered on Wednesday. For the first time since 2007, the central bank predicted inflation would end the year above 3% — in fact, well above that level.

The Fed estimated the rate of U.S. inflation, using its favorite PCE price index, would average a whopping 4.3% in 2022.

That’s up from the bank’s 2.6% estimate four months ago and just 1.9% a year earlier. These are earthquake-like alterations for a conservative central bank that rarely make big changes in its forecasts.

Another note:

By itself, a quarter-percentage-point increase will not make a big difference to a credit card’s annual percentage rate (APR) or a savings account’s annual percentage yield (APY), experts say. But stack several rate increases together and consumers will start to feel the pinch, they note.

Markets are expecting six, quarter-point increases this year. (On Wednesday, St. Louis Fed President James Bullard argued for a 50 basis-point increase in a dissent.)
------------------------------

As noted, the Fed acknowledged that they brushed off the problem. They = Joe Biden and Kamala Harris. The fed does nothing without input from or briefing to the executive office.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: fdsgbjugce ()
Date: March 20, 2022 05:12PM

Facts bump

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LookOut ()
Date: March 25, 2022 02:26PM

Reported today:

Inflation predicted to be 8.6% in April's report (up from 7.9% in report a few weeks ago). Also reported, next fed rate hike will be a half point and followed by a few more half point hikes this year.
-----------------------------

Joe Biden and Kamala Harris did too little too late after ignoring analysts and allowing inflation to skyrocket. Inflation was fueled by supply and demand, but was driven by handing out trillions of dollars in "free" money and devaluing the dollar.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: LookOut ()
Date: April 06, 2022 02:50PM

LookOut Wrote:
-------------------------------------------------------
> Reported today:
>
> Inflation predicted to be 8.6% in April's report
> (up from 7.9% in report a few weeks ago). Also
> reported, next fed rate hike will be a half point
> and followed by a few more half point hikes this
> year.
> -----------------------------
>
> Joe Biden and Kamala Harris did too little too
> late after ignoring analysts and allowing
> inflation to skyrocket. Inflation was fueled by
> supply and demand, but was driven by handing out
> trillions of dollars in "free" money and devaluing
> the dollar.

The fed meeting minutes were just released and the fed is going to get more aggressive. Be ready for an aggressive rate increase. The government is already projected to go from zero to 3.5% by summer next year. The only way they can do that is with aggressive rate increases. This will lead to a recession. This will also lead to higher rates on your credit cards and any other adjustable rate loans. You are about to get recession tax-fucked even worse by Joe Biden and Kamala Harris.

Also released today: New polling reveals 81% of adult Americans think the economy will likely experience a recession this year. David Tinsley, a senior economist at the new Bank of America Institute, joins CBS News' Tanya Rivero and Meg Oliver to discuss the state of the economy.

Also released today:

Deutsche Bank Joins Predictions of Coming Recession – Experts can’t agree when a recession will hit the U.S. economy – but they do seem to agree that a recession is coming. After Former Federal Reserve Governor Lawrence Lindsey warned on Monday that rising inflation will slash consumer spending and trigger a recession by July, Deutsche Bank issued its own forecast for a similar crisis.
---------------------

Joe Biden and Kamala Harris...wow. Way to ignore the experts and screw over the people of the United States.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: HolyCrapola ()
Date: April 07, 2022 05:14PM

LookOut Wrote:
-------------------------------------------------------
> LookOut Wrote:
> --------------------------------------------------

> This will lead to
> a recession. This will also lead to higher rates
> on your credit cards and any other adjustable rate
> loans. You are about to get recession tax-fucked
> even worse by Joe Biden and Kamala Harris.


Reported today:

The numbers: Total consumer credit increased $41.8 billion in February, up sharply from a rise of $8.9 billion in the prior month, the Federal Reserve said Thursday. That translates into an 11.3% annual rate in February, up from a 2.4% gain in the prior month. This is the highest rate since November 2001.

Key data: Revolving credit, like credit cards, rose at a 20.7% rate in February after 4% gain in the prior month.
--------------

This is a recipe for disaster when the fed raises rates and (lower income) people start defaulting on their credit cards.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Tuesday ()
Date: April 11, 2022 11:52AM

Reported today:

Get ready for a nasty inflation report

A new inflation reading is due out Tuesday (tomorrow) morning, and it looks to be a doozy. The Consumer Price Index for March will reflect the surge, which is likely to push the headline number to yet another multi-decade high.

Analysts surveyed expect the release to show 8.4% inflation over the last year, which would be the highest overall inflation rate since December 1981. The rate was 7.9% for the year ended in February. Excluding food and energy, the forecast is for 6.6% inflation, which would be the highest since August 1982.

Fed has signaled a potential half point rate increase at their next meeting.

------------------------

Hurricane Biden Harris continues to destroy the lower and middle class.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: HolySheet ()
Date: April 12, 2022 03:45PM

Hello boys and girls. It's a bit of a read, but welcome to another disastrous Fed report that was released this morning:

Prices climbed 8.5% in March compared to last year amid growing fears of economic slowdown.The administration has tried to rebrand the recent spike of inflation as a “Putin Price Hike.” But that rhetoric does not seem to have lifted Biden’s approval rating on the economy ahead of the 2022 midterms.

The food index rose 1 percent in March compared to February. It is up 8.8 percent compared to the prior 12 months, the largest increase since May 1981. Few categories have been left untouched. Breakfast cereal was up 2.4 percent from February to March. Rice prices rose 3.2 percent, ground beef grew 2.1 percent, and eggs were up 1.9 percent. Milk was up 1.3 percent, potatoes 3.2 percent, and canned fruits and vegetables tacked on 3.8 percent. Rents were up 4.4 percent compared to the year before, and 0.4 percent in March compared to February alone.

Persistently high inflation comes as economists and analysts increasingly fear a looming economic slowdown. In March, Bank of America analysts lowered their estimates for growth in 2022 from 3.6 percent to 3.3 percent. The Federal Reserve also recently downgraded its GDP forecasts.

In order to try and arrest the growth of inflation, the Fed in mid-March launched its first rate hike since the pandemic began and penciled in six more for later this year. In the past few weeks, officials have signaled that even more aggressive hikes could come in the next few months. “The expectation going into this year was that we would basically see inflation peaking in the first quarter, then maybe leveling out,” Fed Chair Jerome H. Powell said in March. “That story has already fallen apart. To the extent that it continues to fall apart, my colleagues and I may well reach the conclusion that we’ll need to move more quickly.”
------------------------

You're already paying the Biden Harris Inflation Tax. Are you ready for the "Biden Harris Recession"? It's coming.
.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: Wed_Nes_Day ()
Date: April 13, 2022 06:41PM

Reported today:

New York (CNN Business) The Producer Price Index is the latest data point showing the price pressure.
The index, which measures what America's producers get paid for their goods and services on average over time, rose 11.2% in the year ended in March, the Bureau of Labor Statistics reported Wednesday.
It was the biggest jump in prices since the data series began in November 2010, exceeding analysts' expectations and the double-digit jumps recorded in the first two months of the year.
--------------------------

Biden Harris destruction of the United States continues. In simple terms...the more you pay workers, the more products and services cost the consumer. Yeah, I know that sounds almost stupid to have to explain that to you. But, there are people who argue making the national minimum wage $15/hr won't have an effect. Yes, it will. Pay people more, operating expenses go up (along with taxes that corporations pass through to the consumer), and companies have to charge more for goods and services in order to make a profit.

It's amazing how truly stupid the Biden Harris team is.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: April2022News ()
Date: April 29, 2022 12:20PM

Reported today:

Key U.S. inflation gauge jumped 6.6% in March — most since 1982

An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy.

Biden has pointed to a strong job market and solid consumer spending as evidence that his policies have helped Americans.

But that view absorbed a setback Thursday, when the government reported that the economy shrank in the first three months of this year at a 1.4% annual rate. That was the first contraction since the coronavirus-driven recession that took hold in the second quarter of 2020.
--------------------

Next week, we will get the inflation numbers for April. Be ready for bad news, to include greater chance for a Biden / Harris recession.

Options: ReplyQuote
Re: Turn Out The Lights, The Party's Over
Posted by: ItsTheRussians ()
Date: April 30, 2022 04:35PM

Reported on CNN today:

New York (CNN Business)

Total compensation costs for civilian workers declined 3.7% over the past 12 months ending in March, after accounting for inflation, according to the Employment Cost Index report published Friday.
It's the largest decline since the Bureau of Labor Statistics began inflation-adjusted records in 2001.

The inflation-adjusted cost of wages and salaries fell 3.6%, while benefit costs dropped 4.2%, both the largest decreases since the series started 21 years ago.
"For workers, this is bad news," Jason Furman, an economics professor at Harvard University and former chair of the Council of Economic Advisers in the Obama administration, said of the inflation-adjusted data. "Wages are falling very rapidly over the last year and are way below where they were two years ago."

The latest compensation report will likely keep the Fed in a pretty hawkish mood, said Kathy Bostjancic, chief US economist at Oxford Economics. She expects the central bank to raise rates by another 50 basis points at EACH of its May AND June policy meetings.
-----------------------------------

Come on Joe Biden. I'm sure you can come up with another lie after you've blamed the Russian war that didn't start until the end of Feb 2022. Joe Biden and Kamala Harris are disasters. Sure, we don't have to endure a few mean Tweets, but now we are paying the Biden/Harris incompetence tax.

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Re: Turn Out The Lights, The Party's Over
Posted by: DayBeforeTomorrow ()
Date: May 03, 2022 02:10PM

Get ready, it's about to get really bad....

With concerns growing over an inevitable recession due later this year, the Federal Reserve plans to raise interest rates at its fastest clip in three decades, the Associated Press reported on Monday.

The maneuver, which will make it costlier to borrow everything, from a line of credit to a mortgage on a home, will also further strain Americans' pocketbooks and likely weaken the economy. But it is considered the only way to potentially stave off the even harsher economic consequences of a wider recession.

Economists predict the first rate hike will hit Wednesday, following a rate-setting meeting where the central bank is expected to announce that it's raising its benchmark short-term interest rate by a half-percent — the sharpest rate hike since 2000.

For months, the president and his Federal Reserve officials assuaged fears over soaring inflation by claiming the crisis was only “transitory” and failing to take steps to reverse the trend.

"We lost a whole year on addressing the issue. Only because, frankly, we have leadership today in America that isn't willing to admit when they're wrong. They made a terrible blunder here, and now the price has got to be paid."

That price would be jacked-up interest rates at the same levels as inflation or higher — meaning above 8.5% — as the only potential way to achieve a “soft landing.”

It seems the Fed now agrees with this assessment. Though even with an interest rate hike plan, many fear a recession is still unavoidable.

“A recession at this stage is almost inevitable,” former Fed vice chair Roger Ferguson told CNBC on Monday. “It’s a witch’s brew, and the probability of a recession I think is unfortunately very, very high because their tool is crude and all they can control is aggregate demand.”
-----------------------------------------------

Buy your canned goods now. Tomorrow will start the real panic. Also, make sure you have at least a month's income in cash. Really, you should have 6 months as an emergency fund. Credit cards don't count. If you use those, your interest rate is about to go up, so you'll be doubly-fucked.

But, hey, Joe Biden and Kamala Harris say everything is going great. It is, for them.

Good luck.

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Re: Turn Out The Lights, The Party's Over
Posted by: 39MinutesAway ()
Date: May 04, 2022 01:36PM

Article just posted to tell you about the trouble Americans (and businesses) are about to encounter...get ready, it's going to start to get even worse:

"Your credit card debt is going to get more expensive in a hurry, and it's not going to stop anytime soon," Schulz said in an email.

Expect to see higher APRs in a billing cycle or two after the Fed's announcement, he added. After the Fed's March hike, interest rates for credit cards increased across 75% of the 200 cards that Schulz reviews every month, he said.

"Most Americans' financial margin for error is small, and when gas, groceries and seemingly everything else gets more expensive and interest rates go up, too, it makes it much harder," he wrote.

Other types of credit with adjustable rates may also see an impact, such as home equity lines of credit and adjustable-rate mortgages, which are based on the prime rate. Auto loans may also rise, although these can be more sensitive to competition for buyers.

Homebuyers have already been walloped by surging mortgage rates, which have jumped about two percentage points in one year, topping 5%.That's adding thousands to the annual cost of buying a home. For instance, a purchaser buying a $250,000 home with a 30-year fixed loan at last week's average rate of 5.3% will pay $3,300 a year more compared to what they would have paid with the same mortgage in April 2021, according to figures from the National Association of Realtors.
-----------------------

Remember when Joe Biden and Kamala Harris said the poor and middle class wouldn't pay more taxes (ie only $450k and above would get an increase)? Well, you ARE paying the Biden Harris tax because they ignored a growing problem. But I am relieved that they are rich and doing just fine.

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Re: Turn Out The Lights, The Party's Over
Posted by: GetReady ()
Date: May 04, 2022 02:25PM

Just reported:

WASHINGTON, May 4 (Reuters) - The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.
-----------------------

Get ready for more inflation due to higher interest rates paid by businesses. This will be followed by a recession and layoffs because people stop spending in an effort to pay their most important bills and higher interest on credit cards.

The remainder of this year is not going to be good. I hope you stocked up heavily on canned goods and vacuum-packed meat.

Joe Biden and Kamala Harris will continue to live a prosperous life while telling us everything will be alright.
.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoreBadNews ()
Date: May 05, 2022 09:47AM

News just got worse...reported today:

The numbers: The productivity of American workers and businesses sank at an 7.5% annual pace in the first quarter — the biggest drop since 1947.

The amount of goods and services produced, known as output, fell at a 2.4% rate in the first three months of the year. Yet hours worked rose at a 5.5% annual rate, the government said Thursday.

Unit-labor costs surged at 11.6% annual pace in the first quarter. Over the past year these costs have risen at the fastest clip in 40 years.

Yet adjusted for inflation compensation fell 5.5%, showing that rising prices are hurting breadwinners. Wages aren’t keeping up with inflation.
........................

Stock market tanked this morning after the news release. Have a nice day lol

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Re: Turn Out The Lights, The Party's Over
Posted by: kjwgefwej ()
Date: May 05, 2022 01:35PM

MoreBadNews Wrote:
-------------------------------------------------------

> Stock market tanked this morning after the news
> release. Have a nice day lol

"tanked" is an understatement

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Re: Turn Out The Lights, The Party's Over
Posted by: TheDayBeforeTomorrow ()
Date: May 10, 2022 03:58PM

Get ready for tomorrow's inflation report. ;)

In the meantime, reported today:

New York (CNN Business)In another blow to the US economy, prices at the pump soared to fresh record highs.
The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the prior record of $4.33 set on March 11.
The gas spike — prices are up 17 cents in the past week alone — will only add to inflationary pressures that have raised recession fears, rocked financial markets and soured Americans' views on the economy.

CNBC: Consumer debt and credit rose 1.7% in the first quarter to $15.84 trillion. The rise in total household credit was propelled largely by a $250 billion increase in mortgage debt, which now stands at $11.18 trillion, an increase of 10% from the first quarter in 2021.

Credit card balances are at $71 billion, or about 9% higher than they were for the same period a year ago.

-------------------------------

Are you ready for the Joe Biden Kamala Harris recession and bubble burst? They set the stage perfectly for it.

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Re: Turn Out The Lights, The Party's Over
Posted by: AprilReport ()
Date: May 11, 2022 09:49AM

April inflation report is out. It's not as bad, but still high.

Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

New York (CNN Business)US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace than in previous months.

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.

The Consumer Price Index was up 8.3% (was predicted to be 8.1%) in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday, slightly higher than economists had predicted. It was a decrease from the 8.5% recorded in March.

Shelter costs, which comprise about one-third of the CPI, rose at their fastest pace since 1991.

Inflation-adjusted earnings continued to decline for workers, falling 2.6% over the past year due to the surging cost of living.

April report showed that “this is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow.”

Federal Reserve officials have responded to the problem with two interest rate hikes so far this year and pledges of more until inflation comes down to the central bank’s 2% goal. However, Wednesday’s data shows that the Fed has a big job ahead.
---------------------

I told you before, this Biden Harris incompetence tax is going to be a long painful ordeal.

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Re: Turn Out The Lights, The Party's Over
Posted by: Additionally ()
Date: May 11, 2022 01:56PM

Adding to the news:

The disappointing consumer price inflation report for April keeps the focus squarely on the Federal Reserve and its plans for bringing inflation down.

A slew of Fed officials have spoken this week. Here are some of the major themes that have emerged with the next policy meeting only a little over a month away:
We’re going to move by 50 basis points in June and July. Next question.

At his news conference on May 4, Fed Chairman Jerome Powell said “there’s a broad sense on the committee that additional 50 basis increases should
be on the table for the next couple of meetings.” The Fed speakers this week have all embraced this plan.
---------------------------

2 more half-point increases coming up. Adjustable rate mortgages, credit cards, etc will see another rate increase. Businesses will stop investing. The housing and mortgage industries will come to a screeching halt. You will see unemployment bump up, and this may include you. Small businesses (making up almost half of the economy) will be bent over. But Joe Biden and Kamala Harris will continue to dine in luxury while telling you that they care about you and that it's not their fault. Come on Joe, lie to us!!!

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Re: Turn Out The Lights, The Party's Over
Posted by: MemorialDayReport ()
Date: May 27, 2022 10:54AM

More bad news (though not as bad lol):

The personal consumption expenditures price index, which measures costs that consumers pay for a variety of different items, showed that core prices – which exclude the more volatile measurements of food and energy – soared 4.9% in the year through April, according to the Bureau of Economic Analysis.

That measurement is the Fed's preferred gauge to track inflation; it marks the 13th consecutive month the gauge has been above the central bank's target range of 2%. Still, it was slightly below March's measurement of 5.2%, and is down from the 39-year high of 5.3% that was recorded in February.

The data is further evidence of a spike in prices illustrated by a separate measure – the consumer price index – which showed inflation rose by 8.3% in April from the previous year, which is also near a 40-year high.

Due to inflation, the consumer savings rate fell to 4.4% last month, the lowest level since 2008.
---------------------------

Not as bad as it could have been, but still bad nonetheless.

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Re: Turn Out The Lights, The Party's Over
Posted by: MoneyPrepper ()
Date: June 06, 2022 03:13PM

Get ready for another bad report June 14. Apparently, they are predicting another high CPI number and of course another half point increase in the Fed rate. Also reported, the price of gas is now nearly 2x what it was before Sleepy Joe took over and diesel (used in trucks etc to ship just about everything you buy) is priced through the roof. It's ok. At least we don't have to get hurt feelings from those mean tweets anymore.

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Re: Turn Out The Lights, The Party's Over
Posted by: TheDoomIsHere ()
Date: June 08, 2022 02:17PM

Reported today:

The MBA’s purchase index, a measure of the volume of applications for mortgages to buy homes, dropped 7% compared the previous week and was down 21% compared to the same week one year ago.

Refinance applications also moved lower, dropping 6% compared to last week and a whopping 75% year-over-year.

Also:

Adjusting for an official inflation rate of 8.3% and producer price index of 11% real wage growth is negative. This has resulted in a drop in the personal savings rate to 4.4%, the lowest since 2008.

For Q1 2022, Walmart's revenues increased 2.3% YoY while Target increased 4%. These are well below the inflation rate of 8-9%, indicating negative real revenue growth. Both retailers have also reported substantial increases in inventory, suggesting a slowing in sales volume.

Data from RetailDive found that 34% of small retail businesses could not pay their rent in April.

Research from J.D. Power foretasted a DROP in new car sales in May of 20.9%

The ADP non-farm small business payrolls MoM change was -91.46 thousand last month. This decline last occurred during each of the previous two recessions. This is telling as small businesses tend to identify changes in economic conditions first.

Two common precursors to recession are a rising oil price and yield curve inversion. Both conditions have taken place and are signaling with great probability that a recession follows.


----------------------------

Housing/real estate and mortgage industries will soon start the layoffs. Recession has already started, despite what Joe Biden and Kamala Harris tell you. They ignored the problem early on and you are paying for it now. The rest of the year and well into next year are going to be painful with layoffs and a significant recession. I'm not talking out of my ass. Prepare yourselves.

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Re: Turn Out The Lights, The Party's Over
Posted by: ByTheNumbers ()
Date: June 10, 2022 08:47AM

The numbers are out this morning, and it ain't pretty. It's actually WORSE than they thought.

The numbers: The cost of living jumped 1% in May on the back of higher rents, gas and food prices, keeping the rate of U.S. inflation at a 40-year high.

The increase in the consumer price index in May was more than TRIPLE the gain in the prior month. Economists polled by The Wall Street Journal had forecast a 0.7% advance.

The increase in inflation over the past year moved up to 8.6% from 8.3%. a new cycle high. The last time inflation rose as rapidly was in 1981.

Stock market futures are reacting accordingly.
-------------------------------

The Joe Biden Kamala Harris inflation tax continues to kill the middle and lower class.

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Re: Turn Out The Lights, The Party's Over
Posted by: HolyFuuuuuuQQ ()
Date: June 10, 2022 11:28AM

Just reported:

The Federal Reserve will hike its benchmark interest rate by 75 basis points next week instead of the consensus 50 basis point move, due to the strong May consumer price index data that shows no sign that price pressures have peaked, said Jonathan Miller, senior U.S. economist.
----------------------------------------

Next stop: recession. Well, we're already in one actually. It just hasn't been officially announced. And I'm sure Joe Biden will try to downplay it to the public while he dines in luxury.

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Re: Turn Out The Lights, The Party's Over
Posted by: Implosion ()
Date: June 10, 2022 01:58PM

Reported yesterday:

Janet Yellen Rejects Idea Corporate Greed Is to Blame for Inflation

(Despite the message from Joe Biden and Nancy Pelosi) Treasury Secretary Janet Yellen rejected the idea that corporate greed is causing the US inflation surge, differing with fellow Democrats who have accused big businesses of price gouging.

But then she says this...

The United States is unlikely to suffer an economic downturn, despite sky-high inflation, US Treasury Secretary Janet Yellen said Thursday.

"There's nothing to suggest that there's a recession in the works," she said during an interview at The New York Times' economic forum. But the swiftness of the Fed's planned moves has increased fears of a recession, generally defined as two consecutive quarters of negative growth. "Is there a recession risk? Of course there's a recession risk," the Treasury secretary said. "But is it likely? I don't think so."
-------------------------------

This whole administration is delusional.

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Re: Turn Out The Lights, The Party's Over
Posted by: June14Report ()
Date: June 14, 2022 12:11PM

Reported today:

Associated Press, WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.

The costs for rent, new and used cars, medical care, and clothing also rose, evidence that inflation is spreading more broadly through the economy. The figures indicate that rising prices will continue to erode Americans’ paychecks and wreak havoc on household budgets in the coming months.

The Federal Reserve is expected to hike its short-term interest rate by three-quarters of a point on Wednesday, the largest increase since 1994, as it ramps up its efforts to rein in higher prices.
--------------------------------------

The Biden/Harris "soft landing" looks to be more like jumping off a cliff without a parachute. Your variable interest mortgages and credit card interest rates are about to inflict even more pain.

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Re: Turn Out The Lights, The Party's Over
Posted by: jsdbedvfehwj ()
Date: June 14, 2022 12:18PM

This is a really good point made today by one of the analysts...in other words, get ready for a more expensive life (permanently)

"It is too late for the Federal Reserve to control inflation, and that a return to 2 percent inflation will not happen "for the foreseeable future." He explained, "If [the Fed] gets inflation down from 8.5 to 5 or 4 percent… they'll declare victory at that point. Forget 2 percent."

Day spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the PDAC Convention in Toronto. He went on to forecast that the U.S. economy would undergo a period of stagflation.

Although Day claimed that Fed Chairman Jerome Powell would follow through with his tightening promises, he said that eventually Powell would buckle under pressure.

"If we see unemployment go up dramatically, this Fed and Powell will choose employment over inflation," Day remarked.

He added that the Fed's talk of 2 percent inflation within a few years is "fantasy."

"They simply cannot bring inflation down, to a reasonable level, without causing a recession," Day said. "The only thing that will prevent a recession at this point is the [Biden] administration and Congress doing more unfunded spending, more modern monetary theory, which the Fed will go along with, which means we're boosting inflation again."

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Re: Turn Out The Lights, The Party's Over
Posted by: MortgageRateExplosion ()
Date: June 14, 2022 04:54PM

Reported today on CNBC:

The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. The rate was 5.55% one week ago. Rising rates have caused a sharp turnaround in the housing market. Home sales have fallen for six straight months, according to the National Association of Realtors.

On a $400,000 home, with a 20% down payment, the monthly mortgage payment went from $1,399 at the start of January to $1,976 today, a difference of $577. That does not include homeowners insurance nor property taxes.
-------------------------

Your ability to buy a home just decreased. I wonder if Joe Biden and Kamala Harris are struggling to pay their mortgages.

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Re: Turn Out The Lights, The Party's Over
Posted by: Pedo Joe should resign ()
Date: June 14, 2022 06:34PM

MortgageRateExplosion Wrote:
-------------------------------------------------------
> Reported today on CNBC:
>
> The average rate on the popular 30-year fixed
> mortgage rose 10 basis points to 6.28% Tuesday,
> according to Mortgage News Daily. The rate was
> 5.55% one week ago. Rising rates have caused a
> sharp turnaround in the housing market. Home sales
> have fallen for six straight months, according to
> the National Association of Realtors.
>
> On a $400,000 home, with a 20% down payment, the
> monthly mortgage payment went from $1,399 at the
> start of January to $1,976 today, a difference of
> $577. That does not include homeowners insurance
> nor property taxes.
> -------------------------
>
> Your ability to buy a home just decreased. I
> wonder if Joe Biden and Kamala Harris are
> struggling to pay their mortgages.

I’m paying 2.625% for the next 28.5 years.

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Re: Turn Out The Lights, The Party's Over
Posted by: BadNewsContinues ()
Date: June 15, 2022 03:01PM

Reported today:

The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday, its biggest move since 1994, as the central bank ramps up its efforts to tackle the fastest inflation in four decades.

The big rate increase, which markets had expected, underlined that Fed officials are serious about crushing price increases even if it comes at a cost to the economy.

They project raising it to 3.4% by year-end, implying another 175 basis points of tightening this year.

The central bankers also revised their outlook for the economy from the "soft-landing" scenario of March to a bumpier touch down.

Powell signaled that a half-point or three-quarter point increase is most likely in July, though he reiterated that officials will make their decision on a meeting-by-meeting basis.

FOMC cuts 2022 GDP outlook; raises jobless-rate estimate.
-----------------------------------

I hope you are keeping a zero balance on your credit cards. If you have an adjustable rate loan, get ready to bend over. If you're looking to buy a car or a home, think again. Layoffs have started. I hope you have a significant savings on-hand.

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Re: Turn Out The Lights, The Party's Over
Posted by: iystwowgold ()
Date: June 16, 2022 07:54AM

How can you tell if gold is real?

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Re: Turn Out The Lights, The Party's Over
Posted by: MoreGloomSurfaces ()
Date: June 16, 2022 03:48PM

Prediction over the next few months:

Whatever the Fed does is very unlikely to change CPI in the next few months because Fed action will have a lag of 6 to 12 months. Whatever the Fed does is not massively going to change the market’s thinking in two to three months.

As of Thursday, data compiled by Bloomberg indicated that fixings traders expect the annual headline CPI rate to come in at 8.97% and 8.95%, respectively, for June and July — up from May’s 8.6% level. From there, year-over-year CPI is expected to hit 9.15% in August and 9.08% in September.

Traders of derivatives-like instruments related to Treasury inflation-protected securities, expect four straight months of annual headline consumer-price index readings at roughly 9% or higher from June through September. That would be the longest stretch of such elevated readings since 1981 — the same year that the Fed, led by Paul Volcker, was forced to push the fed-funds rate target to as high as 20%, according to FactSet data. The outlook for a roughly 9% September CPI rate has been in place since May’s CPI report was released last Friday.
------------------------------

Slow Joe Biden and his Fed really messed this one up. Get ready for a seriously bad economy. One of my colleagues just met on Capitol Hill to cover government contracts and she said the directive is to basically stop government solicitations after Feb 30 (end of the Federal fiscal year). If you're in government contracting (especially with small businesses with little to no contract vehicles), get ready for huge layoffs due to a stall in federal contracting.

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Re: Turn Out The Lights, The Party's Over
Posted by: Zak Morris ()
Date: June 17, 2022 06:52AM

Gold is a precious metal that has been used to manufacture jewelry, coins, and other beautiful goods for millennia. It is still a popular choice today, and it is frequently promoted as a secure investment. While establishing whether a piece of jewelry is made of gold is usually simple, determining whether a coin or other item is made of gold can be more complex. Fortunately, there are a few techniques for determining whether or not gold is genuine. Read more here https://iystwowgold.com/how-can-you-tell-if-gold-is-real/

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Re: Turn Out The Lights, The Party's Over
Posted by: June30Report ()
Date: June 30, 2022 08:17AM

Today's report:

U.S. economy shrank by 1.6 percent (first quarter) as Americans' disposable income, savings decreased

Disposable personal income decreased $58.8 billion (revised), or 1.3 percent

The PCE report results will be announced at 830am this morning. The market is currently down 371 points (futures) so my guess is the PCE report will be bad and indicate inflation is still red hot, and forcing the Fed to raise interest rates by another .75 points.

Hey Joe Biden and Kamala Harris, happy 4th of July holiday vacation as you dine in luxury while everyone else struggles.

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Re: Turn Out The Lights, The Party's Over
Posted by: NewsRelease ()
Date: June 30, 2022 09:11AM

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April.

Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color.

The government’s report also said that consumer spending rose at a sluggish 0.2% rate from April to May. Consumer spending is beginning to weaken in the face of high inflation.
-------------------

As Joe Biden rubs elbows with the other wealthy leaders in Europe, inflation didn't decrease and evidence shows people are having to cut back on spending. Get ready for another .75 point Fed rate increase. This will price you out of buying a home, cause further real estate layoffs, increase the interest payments on credit cards (especially for the poor), and put further pressure and worries on the average American.

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Re: Turn Out The Lights, The Party's Over
Posted by: July6Report ()
Date: July 06, 2022 04:03PM

Just reported:

Bloomberg - Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched, even if that slowed the US economy.

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the Federal Open Market Committee’s June 14-15 policy meeting released Wednesday in Washington.

Officials hiked rates by 75 basis points in June, the most since 1994, lifting their benchmark to a target range of 1.5% to 1.75%, and Chair Jerome Powell suggested they could do the same thing again in July.

He told reporters at a post-meeting press conference that another 75 basis-point increase, or a 50 basis-point move, was most likely on the table when policy makers gather July 26-27.
------------------------------------

How's that Joe Biden credit card interest tax increase feeling? Get used to it. It's about to get worse. And, the rich people like Joe Biden will still be able to afford housing whereas you will struggle to make ends meet.


Also reported today:

Reuters - The Biden administration EXPORTED more than 5 million barrels of oil from its emergency reserves that were released.

Joe Biden sent the oil to Asia and Europe, which was taken from the Strategic Petroleum Reserve (SPR).

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Re: Turn Out The Lights, The Party's Over
Posted by: Jully11Report ()
Date: July 11, 2022 12:30PM

Reported today:

Also coming down the pipe this week is a key Consumer Price Index (CPI) reading, due out Wednesday morning. Dow-polled economists expect the June CPI to rise 8.8% year-over-year, beating May’s yearly gain of 8.6%.

That might not seem like that much of a difference, but another jump to 8.8% means the CPI’s already parabolic move will only intensify.

That’s the Fed’s worst nightmare with a recession seemingly here already according to the Atlanta Fed’s latest Q2 GDP growth estimate (via GDPNow), which showed that US GDP contracted in Q2.
------------------------------

Likely more bad news coming Wednesday, but I'm sure Joe Biden will try to deflect blame to anything else (transitory, supply chain, Russia war that started well-after inflation started, etc) except his late action more than 18 months ago when analysts were trying to tell him about the coming storm if the administration continued to give away "free" money. Prepare for a .75 fed rate increase, more interest on your credit cards and variable rate loans, higher mortgage rates, higher auto loan rates, more layoffs because interest rates for investment are higher and the the cost of doing business is too high, etc.. Let's hope the economists are wrong.

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Re: Turn Out The Lights, The Party's Over
Posted by: July12Report ()
Date: July 12, 2022 04:15PM

Reported today:

The Biden administration is already in damage control mode ahead of the newest inflation data out this week (being announced tomorrow 7/13), which is expected to show another jaw-dropping figure as the price of everyday goods soared higher.

The Labor Department is releasing the highly anticipated consumer price index report on Wednesday morning, which is expected to show that prices surged 8.8% in June from the previous year — toppling the previous 40-year high of 8.6% notched in May.
-------------------

Of course Joe Biden is saying today that the inflation number will be inaccurate. He's been lying about everything since he took office. In addition, he's flying to Saudi Arabia to beg for more oil all while telling us we should buy $60k electric vehicles because oil is evil. His attempt to save the mid-term elections is very clear. He hates oil unless it hurts him politically.

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Re: Turn Out The Lights, The Party's Over
Posted by: GrabYourCankles ()
Date: July 13, 2022 09:26AM

Reported this morning:

Inflation surges 9.1% in June, accelerating more than expected to new 40-year high

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 9.1% in June from a year ago. Prices jumped 1.3% in the one-month period from May. Those figures were both far higher than the 8.8% headline figure and 1% monthly gain forecast by economists.

Price increases were extensive, suggesting that inflation may not be near its peak: Energy prices rose 7.5% in June from the previous month, and are up 41.6% from last year. Gasoline, on average, costs 59.9% more than it did one year ago and 11.2% more than it did in May. The food index, meanwhile, climbed 1% in June, as consumers paid more for items like cereal, chicken, milk and fresh vegetables.
---------------------------------

Joe Biden has been seen walking around mumbling to himself "Russia Russia Russia, we need to make the idiot voters stop focusing on my administration's complete failure and instead believe it's Russia"

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Re: Turn Out The Lights, The Party's Over
Posted by: EatinRoadkill ()
Date: July 13, 2022 02:33PM

On July 27, be prepared for a .75 (three quarter) percent hike in the fed rate and there's a (right now) 67% chance for a full 1% fed rate increase from what the fed funds futures is saying.

Ole Sleepy Joe really fucked us by delaying action on his transitory inflation tax. It's not a brilliant conclusion to predict that he will continue to blame everyone outside of his administration.

Your adjustable rate loans and credit cards are about to become even more expensive. Wanna buy a car or a home? Too fucking bad, or just bend over and pay the additional Biden tax.

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Re: Turn Out The Lights, The Party's Over
Posted by: InflationReporter ()
Date: July 14, 2022 08:42AM

More bad news released 10 min ago:

Wholesale inflation in June surged 11.3% from a year ago

WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy.

The Labor Department reported Thursday that the U.S. producer price index — which measures inflation before it hits consumers — rose at the fastest pace since hitting a record 11.6% in March.

Thursday’s report on wholesale prices came a day after the Labor Department reported that surging prices for gas, food and rent catapulted consumer inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve. Consumer prices soared 9.1% compared with a year earlier, the biggest yearly increase since 1981.
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Doesn't feel transitory, does it? ;)

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Re: Turn Out The Lights, The Party's Over
Posted by: July28Reporter ()
Date: July 28, 2022 11:01AM

Well, yesterday was no surprise. The Fed raised interest rate another 75 basis points (three quarter point interest rate increase). Your credit card interest accumulation just got worse. If you want a mortgage, good luck (unless you are wealthy). But who in their right mind would buy a house right now? The real estate market is tanking and in a recession.

Speaking of "recession".....

The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the U.S has already sunk into a recession.

Gross domestic product, the scorecard of sorts for the economy, had shrunk at a 1.6% pace in the first three months of the year.

Economists polled by The Wall Street Journal forecast a 0.3% increase in second-quarter GDP. All figures are adjusted for inflation.

The back-to-back declines in GDP were the first since the 2007-2009 Great Recession.

A sharp drop in business investment and declining inventory levels largely accounted for the negative GDP print in the second quarter. Government spending also fell sharply.

While two straight quarters of declining GDP has been commonly viewed as a recession, the group of prominent economists responsible for declaring official recessions takes a broader view that suggests the old rule of thumb does not always apply.

The definition of recession has become a subject of fierce debate ahead of the U.S. Congressional elections in the fall. The Biden White House has argued the U.S. is not in recession.
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Of course Biden says we aren't in a recession. He and other Democrats in power will deny deny deny at least until mid-term elections are over. If they agreed with the actual truth that we are in a recession, every democrat would lose their seat.

But...YOU know we are in a recession. You know this because the price of everything you buy has doubled and you are about to find out the worst part of the Fed fighting a recession...higher unemployment. Despite the unemployment rate not moving much currently, the labor participation rate is very high and people are not counted in the statistic when they stop looking for work and drop out of the numbers. The "real" unemployment number is twice what is being reported.

I hope everyone is hoarding their cash. Sep 30 is the brick wall scenario. The people running capitol hill have said fed funding and govt contracts will end. If you don't have existing contracts and funded contract vehicles for task orders, you will be royally fucked. This will be the final straw. Unemployment will go through the roof. You will need that cash and canned food. You have been warned.

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Re: Turn Out The Lights, The Party's Over
Posted by: TheHypeBuster ()
Date: August 10, 2022 11:06AM

Another bad report, though not as bad:

WASHINGTON (AP) — Falling gas prices gave Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from the four-decade high that was reached in June.

Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday.

Besides gasoline, among the consumer purchases whose prices sank from June to July were airfares, which plunged nearly 8%. Hotel room costs fell 2.7%.

compared with a year ago, core inflation amounted to 5.9% in July, the same year-over-year increase as in June.

Core prices have slowed in the recent past only to re-accelerate in subsequent months. And plenty of items are continuing to grow more expensive. Food prices kept surging in July, for example, and have risen 13% from a year ago, the largest such increase since 1979. The costs of rent, medical care and furniture also rose at elevated rates.

Jobs report for July that the government issued Friday — with 528,000 jobs added, rising wages and an unemployment rate that matched a half-century low of 3.5% — solidified expectations that the Fed will announce yet another three-quarter-point hike when it next meets in September.
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Don't forget that unemployment MUST rise in order to tame inflation. The fed will continue to raise rates three-quarter point, maybe including one half point increase. Unemployment doesn't include people who refuse to work or have stopped looking for work. The jobs report is based off of the postings from companies and employment/temp agencies. This doesn't mean the jobs are actually filled. Also, the CORE inflation rate hasn't gone down. Take out gas prices and inflation hasn't changed (as pointed out by the AP article).

I just watched the Biden speech. It was actually a good speech, especially about veterans. But, it was a feel-good speech. The truth of the matter is that inflation hasn't changed much (yet) and I still recommend you hoard your cash because the federal programs are jumping off the cliff after September (end of fed fiscal year).

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Re: Turn Out The Lights, The Party's Over
Posted by: bypuk ()
Date: August 14, 2022 08:01AM














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