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Post by biminitwisted on Jan 30, 2024 12:51:49 GMT -5
Good response. First off, mutual funds (what you are really talking about when you say, "401K") are mostly growing somewhere around 9% to 11% per annum. When compared with real inflation (including luxuries like food, gasoline, utilities, and clothes) that 9-11% is real value net loss of anywhere from 3% to 8% in just the last year. That doesn't count the major hit taken in the real value of the dollar in 2021, nor the net value losses in 2022. Then you ay "unemployment is low." That is only true if you use the lies told by the Bureau of Labor Statistics when they manipulate the data. They are so blatant in their lies that they publish the data and tell you how they are lying! If, instead of the artificial calculations offered by the bureaucrats, you used the data they provide - without manipulation - it is pretty obvious. The BLS says 157,232,000 people were working last month. What they DON'T say (but do list in their tables) is that 22,458,000 of those people had PART TIME jobs, and at least half of those P/T workers couldn't get full time jobs. The BLS neglects to point out that 23,003,000 of the Full time jobs were government. Nor do they advertise that only 60.3% of healthy adult Americans younger than retirement age were working at all (either full or part time). That 60.3% labor participation rate is hovering around the lowest since records were kept. To say unemployment is low is just not true. It is also disingenuous to say that if you want a job, you can get a job. According to BLS over 20 Million people are working P/T because they could not find ANY full time job. The "Median weekly earnings of the nation's 120.8 million full-time wage and salary workers were $1,145 in the fourth quarter of 2023" according to BLS last week. Even if an American worker is lucky enough to have a full time job, $4,500 a month only goes about 75% as far as it did in 2020. That's like a $1,000 a month pay cut and Bidenomics ain't done yet! Take it up with Trump. According to him it's his stock market after all . |
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Post by jsd on Jan 30, 2024 14:46:59 GMT -5
Good response. First off, mutual funds (what you are really talking about when you say, "401K") are mostly growing somewhere around 9% to 11% per annum. When compared with real inflation (including luxuries like food, gasoline, utilities, and clothes) that 9-11% is real value net loss of anywhere from 3% to 8% in just the last year. That doesn't count the major hit taken in the real value of the dollar in 2021, nor the net value losses in 2022. Then you ay "unemployment is low." That is only true if you use the lies told by the Bureau of Labor Statistics when they manipulate the data. They are so blatant in their lies that they publish the data and tell you how they are lying! If, instead of the artificial calculations offered by the bureaucrats, you used the data they provide - without manipulation - it is pretty obvious. The BLS says 157,232,000 people were working last month. What they DON'T say (but do list in their tables) is that 22,458,000 of those people had PART TIME jobs, and at least half of those P/T workers couldn't get full time jobs. The BLS neglects to point out that 23,003,000 of the Full time jobs were government. Nor do they advertise that only 60.3% of healthy adult Americans younger than retirement age were working at all (either full or part time). That 60.3% labor participation rate is hovering around the lowest since records were kept. To say unemployment is low is just not true. It is also disingenuous to say that if you want a job, you can get a job. According to BLS over 20 Million people are working P/T because they could not find ANY full time job. The "Median weekly earnings of the nation's 120.8 million full-time wage and salary workers were $1,145 in the fourth quarter of 2023" according to BLS last week. Even if an American worker is lucky enough to have a full time job, $4,500 a month only goes about 75% as far as it did in 2020. That's like a $1,000 a month pay cut and Bidenomics ain't done yet! Take it up with Trump. According to him it's his stock market after all . It's not so much the stock market it's the inflation drowning out realized profits. |
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BIDENOMICS
Jan 30, 2024 14:57:54 GMT -5
via mobile
jsd likes this
Post by johngalt on Jan 30, 2024 14:57:54 GMT -5
So what? It’s the top seven companies that are propping it up. Along with government spending and hiring. Take it up with Trump. According to him it's his stock market after all . Could care less who’s it is. It’s a house of cards. You really should seek some professional help with that TDS infection. |
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BIDENOMICS
Jan 30, 2024 15:02:42 GMT -5
via mobile
Post by jsd on Jan 30, 2024 15:02:42 GMT -5
This is definitely the weirdest Great economy I've ever seen.
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Post by biminitwisted on Jan 30, 2024 17:14:07 GMT -5
Today the Dow closed at another record high.
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Post by luapnor on Jan 30, 2024 18:03:29 GMT -5
Did we print more money? Or did they lower the interest rates enough to drive the chumps out of treasuries back into the stock market?
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Post by biminitwisted on Jan 31, 2024 17:48:35 GMT -5
Who can even remember who appointed this guy?
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Post by OhMy on Jan 31, 2024 19:27:58 GMT -5
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Post by cadman on Feb 1, 2024 6:09:15 GMT -5
Your first mistake is going to Subway, which sucks. Subway was losing money in 2019.
Subway was sold to Roark Capital which owns Jimmy Johns, Sonic, Arbys, Miller's Ale House, and a bunch of others last year due to financial issues. My guess is they are trying to get Subway back in the black after paying $9 billion for the company.
Prices also vary by region and franchise owner. Not sure where you saw $9.49 for a 6 inch.
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Post by gardawg on Feb 1, 2024 8:28:18 GMT -5
America’s economy appears to have gone woke and is now fully supporting the reelection of Crooked Joe Biden. I’m not sure how this happened, but no matter how much we say the economy is terrible, it keeps unpatriotically refusing to be terrible, posing a direct threat to PRESIDENT Donald J. Trump in the 2024 presidential race. Just look at these recent headlines about the now-totally-liberal economy: “Consumer confidence hits highest level since December 2021.” “Falling inflation, rising growth give U.S. the world’s best recovery.” “As doomsday predictions dissipate, Biden aides savor booming economy.” Along with all that, the S&P 500, which we now know has a liberal bias, hit a record high Jan. 19, wage growth is beating inflation and jobless claims hit their lowest point since 2022. There must be fear! Good economic news forces the GOP to switch narrative to the border. A booming Biden economy is bad for America and worse for Trump None of this is good news if you care about President Trump or America. It’s clear Democrats are manipulating the economy and making it the strongest economy in the world in order to fool voters into thinking Biden is a competent president. Don’t believe me? If you own stocks or have a 401(k), just look at your balance and you’ll see EXACTLY what these cheaters are up to. They’re trying to buy your votes by putting more money in your pockets. That’s cheating. DON’T BE FOOLED! It’s clear true Trump supporters cannot be party to this kind of liberal skullduggery. So in response to this distressing spate of positive economic news, I hereby call on all MAGA faithful to remove themselves from the CORRUPTLY BOOMING BIDEN ECONOMY. 'Bidenomics' is working. It's too bad for Biden that Trump's message of doom is winning. Cash out your 401(k) and invest in the Trump Train, baby! If you have a 401(k), you need to immediately cash that out and either donate the money to President Trump’s reelection campaign/legal defense fund (he will give it back to you, with interest, once elected) or invest those funds in somethings sensible, like digital Trump Trading Cards. Traders work on the floor of the New York Stock Exchange (NYSE) on January 19, 2024 in New York City. Stocks closed up over 350 points while the S&P 500 closed at an all-time high on Friday. Traders work on the floor of the New York Stock Exchange (NYSE) on January 19, 2024 in New York City. Stocks closed up over 350 points while the S&P 500 closed at an all-time high on Friday. © Spencer Platt, Getty Images Next, you must quit your job. It’s on us to help President Trump’s campaign by bringing those unemployment numbers back up to where we think they should be under an incompetent president who doesn’t know what day it is. If you aren’t willing to quit your job, you must at least refuse any pay raise you’re offered. Only a squishy lib would allow himself to get paid more while a DEMONcrat is in office. Trump's trading cards got us thinking: Is it sad? Desperate? Or a time to be selfless? Trump wants you to believe America is a disaster – do as he says Lastly, it is ABSOLUTELY imperative that you not feel confident about the future. America is a terrible place. It is falling apart. The economy is in shambles and your personal economic situation is a garbage fire. Darkness is everywhere. Living is anguish. All hope is lost. A screenshot of a Donald Trump digital trading card, weirdly featuring him wearing a space suit. © Screenshot Only by embracing these America-first beliefs, and believing Trump is the one person who can fix everything and make life perfect, will you be able to declare yourself a true MAGA loyalist. So get out there, fellow patriot, and disconnect from Biden’s economy. Sell stocks, put your retirement money in Trump’s coffers, embrace the gloom. When it comes to Biden’s hot economy, remember this: Go broke or you're woke. Follow USA TODAY columnist Rex Huppke on X, formerly Twitter, @rexhuppke and Facebook facebook.com/RexIsAJerk  www.msn.com/en-us/money/markets/true-maga-patriots-must-remove-themselves-from-biden-s-booming-economy-cash-out-401-k-s/ar-BB1hzr8I?ocid=msedgntp&pc=HCTS&cvid=5d027516b79f4dfcaab7e38957df2683&ei=59 |
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Post by meateater on Feb 1, 2024 11:27:07 GMT -5
for me personally the economy doesnt affect me much as im a straight up baller but i have heard from many friends and family that it totally sucks, groceries, going out to eat,credit card interest rates it does seem stuff is more expensive today but depending on your wealth you may not feel it.
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Post by luapnor on Feb 1, 2024 11:46:20 GMT -5
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Post by whitebacon on Feb 1, 2024 11:52:34 GMT -5
for me personally the economy doesnt affect me much as im a straight up baller but i have heard from many friends and family that it totally sucks, groceries, going out to eat,credit card interest rates it does seem stuff is more expensive today but depending on your wealth you may not feel it. I just don't get it. Well I kinda get it. Prices have gone up here on imported stuff. I still have my % interest in the company back home, and fortunately we are the biggest so we kInd of dictate the prices. I have no debt. I don't know why people older than 40 have debt. My hardest decision today will be what to do with this girl on a long term basis, and how to get the highest premium on AAPL covered calls for March. |
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Post by biminitwisted on Feb 1, 2024 18:04:39 GMT -5
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Post by olmucky on Feb 1, 2024 21:36:56 GMT -5
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Post by cadman on Feb 2, 2024 7:01:00 GMT -5
January jobs report is due out today and is expected to show the jobs market is still strong with unemployment at 3.8%. Economists expect the unemployment numbers to rise to 4.1% this year and that will not be a bad thing as long as it doesn't go any higher. The "soft landing" the Fed wants. Here is an alternative view of those layoffs and why they are not the end of the world. www.cbsnews.com/news/layoffs-economy-2024-why-are-job-cuts-happening/ |
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Post by johngalt on Feb 2, 2024 9:38:48 GMT -5
January jobs report is due out today and is expected to show the jobs market is still strong with unemployment at 3.8%. Economists expect the unemployment numbers to rise to 4.1% this year and that will not be a bad thing as long as it doesn't go any higher. The "soft landing" the Fed wants. Here is an alternative view of those layoffs and why they are not the end of the world. www.cbsnews.com/news/layoffs-economy-2024-why-are-job-cuts-happening/ They are not the end of the world, as long as you’re not the one getting laid off!😁😁😁😁 |
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Post by nuevowavo on Feb 2, 2024 15:56:01 GMT -5
"January jobs report expected to show that hiring slowed last month" www.foxbusiness.com/economy/january-jobs-report-expected-show-hiring-slowed-last-month
"U.S. heads toward slow recovery with 353,000 jobs added in January"
""So much for the cooling labor market," said Robert Frick, corporate economist with Navy Federal Credit Union. "The best part of the blockbuster number is how widespread the hiring has become. ... This shows a growing labor market reflecting a broad-based economic expansion, and not just recoveries in a few sectors such as health care and government."
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Post by tonyroma on Feb 2, 2024 22:10:07 GMT -5
Some would call this economy resilient.
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Post by luapnor on Feb 3, 2024 21:29:41 GMT -5
Southern border.
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Post by johngalt on Feb 4, 2024 8:27:14 GMT -5
Your first mistake is going to Subway, which sucks. Subway was losing money in 2019. Subway was sold to Roark Capital which owns Jimmy Johns, Sonic, Arbys, Miller's Ale House, and a bunch of others last year due to financial issues. My guess is they are trying to get Subway back in the black after paying $9 billion for the company. Prices also vary by region and franchise owner. Not sure where you saw $9.49 for a 6 inch. Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎 |
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Post by cadman on Feb 4, 2024 8:59:41 GMT -5
Your first mistake is going to Subway, which sucks. Subway was losing money in 2019. Subway was sold to Roark Capital which owns Jimmy Johns, Sonic, Arbys, Miller's Ale House, and a bunch of others last year due to financial issues. My guess is they are trying to get Subway back in the black after paying $9 billion for the company. Prices also vary by region and franchise owner. Not sure where you saw $9.49 for a 6 inch. Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎 What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? |
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Post by luapnor on Feb 4, 2024 9:05:39 GMT -5
305,000 laid off in 2023
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Post by johngalt on Feb 4, 2024 9:19:37 GMT -5
Are you serious? Or are you just one of those that can find a silver lining in the brutal murder of your entire family? You know, like; look at all the money I will save this Christmas!😂 Or; I can go fishing like I wanted to instead of attending that reunion. 😎 What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? |
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Post by luapnor on Feb 4, 2024 11:28:53 GMT -5
What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? He has to always change the subject AWAY from Biden. |
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Post by cadman on Feb 4, 2024 14:57:46 GMT -5
What are you talking about? Prices go up. it is part of life. Subway sucks, it is part of life. I can get a footlong sub at Publix for less than $10. Who would pay $9 for a crappy six inch subway sandwich? What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? we've been deep in debt as a country for decades and decades. This came up during the recession when the debt climbed quickly and hit 100% of GDP and everyone said the U.S. would default and it would be the end of us. 5 to 7 years after that and nobody cared about the debt because the economy was doing great and interest rates were low. Go back to the late 80s and everyone said the debt would destroy us then too. It was claimed it was unsustainable then too due to the high interest rates. Fast forward to the 90s and nobody cared about the debt. Now everyone is upset over the debt again. Give it a few years and nobody will care again. It runs in cycles. Interest rates climb, inflation hits a little hard and everyone panics over the debt. The economy went through a short period of high inflation at the end of 2021 and 2022. It hit a high of 9.1 mid year 2022 and then started dropping and December 2023 was 3.4%. It will continue to decrease over 2024. Unemployment is at 3.7% and wages are increasing. Interest rates will drop in 2024. The economy is in pretty good condition right now. Hopefully that continues for the next couple of years. Does congress need to address deficit spending. sure they do. Do they need to fix Social Security, sure they do. Things are not perfect and there is work that needs to be done. But the end is not near and the U.S. will survive and endure. |
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Post by johngalt on Feb 4, 2024 15:55:18 GMT -5
What did that sub cost you a year ago? And I bet if you would pay attention you will notice it’s probably a little smaller now too. It’s not just about a sub. It’s about the economy and the financial security of this country. Why can’t you just admit that we are a country deep in debt? And a unsustainable debt? we've been deep in debt as a country for decades and decades. This came up during the recession when the debt climbed quickly and hit 100% of GDP and everyone said the U.S. would default and it would be the end of us. 5 to 7 years after that and nobody cared about the debt because the economy was doing great and interest rates were low. Go back to the late 80s and everyone said the debt would destroy us then too. It was claimed it was unsustainable then too due to the high interest rates. Fast forward to the 90s and nobody cared about the debt. Now everyone is upset over the debt again. Give it a few years and nobody will care again. It runs in cycles. Interest rates climb, inflation hits a little hard and everyone panics over the debt. The economy went through a short period of high inflation at the end of 2021 and 2022. It hit a high of 9.1 mid year 2022 and then started dropping and December 2023 was 3.4%. It will continue to decrease over 2024. Unemployment is at 3.7% and wages are increasing. Interest rates will drop in 2024. The economy is in pretty good condition right now. Hopefully that continues for the next couple of years. Does congress need to address deficit spending. sure they do. Do they need to fix Social Security, sure they do. Things are not perfect and there is work that needs to be done. But the end is not near and the U.S. will survive and endure. You do know that government spending and printing money is the main cause of inflation? Not to mention the devaluation of your savings and investments? But since it’s been going on for a few decades it’s no big deal. Especially since you’re not a little kid or a young adult trying to get ahead. 👍 |
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Post by richm on Feb 4, 2024 16:10:33 GMT -5
What does it take for a young adult to be successful?
Do they need to afford a house right out of school? Doesnt everyone have a “how i got my down payment story”? I remember those when i was saving to buy.
How about:
I know a 25 yr old girl making about $52k who recently turned down a 10 yr plan to being a department manager and partner at a company. Easy 6 digits and annual distribution check.
Wouldnt you call that successful?? Or no cause she didnt get it now before she was fully trained and capable?
People saying american dream is dead cause they dont get everything they want right now. We have folks risking their lives to get here cause the american dream is dead. Folks need to learn how to earn their way and stop expecting handouts.
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Post by misterjr on Feb 4, 2024 16:22:26 GMT -5
Boomers have all the money.
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Post by conchydong on Feb 4, 2024 16:40:12 GMT -5
Most boomers that I know had to survive on their own once they were 18 years old unless their parents were super wealthy. A lot of the kids today. don’t want to take on the challenge of trying to make it on their own because it entails sacrifice.
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