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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%

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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.

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

TTT

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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.

Options: ReplyQuote
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.

Options: ReplyQuote
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.

Options: ReplyQuote
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.

Options: ReplyQuote
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.

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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.

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