newfie
Well-Known Member
feel free to bet the house on this economy .
dow jones
- Thread starter Jkloc420
- Start date
newfie
Well-Known Member
2 quarters of a recession and projections the next quarter will also be down. 3.5 unemployment percent to be exact with
not keeping up with inflation
do you believe that will continue with interest rates going up dramatically?
stock market is down 15 percent. if you have the right picks then you should be running your own financial investment service.
like i said bet the house and tell us how it goes.
It's dark times right now but the government will not list the market collapse
You may be paying $7 for a banana....
newfie
Well-Known Member
so you dont think adding trillions to government spending increases inflation?
the formula seems pretty simple. if your economy has too much money competing for the same products than the price of the product goes up.
newfie
Well-Known Member
they let it collapse in 2009.
they let it collapse in the late 70's and early 80's when inflation and the feds drove the prime rate up to 20 percent.
some would argue that recessions of some type are a necessary evil for a number of reasons.
you can adjust for a recession and make better investment decisions that minimize the pain and may even result in a small return.
but @PT Car Washer shining a turd just to defend his parties mismanagement of this economy does not do anyone any good.
In the 1970s Adele had a 5% return for the whole decade
From 2000 to 2010 the s&P had a total return of a negative 1.9%
Up In Smoke
Well-Known Member
We've spent 100ish trillion dollars over the last 20 years without major inflation spikes. IMO, we had a great opportunity to gain control of fiscal policies in 2019 and the Fed flinched. The time between then and now we have done little but throw money at our problems. Too much spending, too much subsidizing, too many programs, too many takers and now rubber band can't take anymore without snapping us back. No politician is willing to step up and say no more for fear of losing their seat. Instead they talk tough on the campaign trail and cave in the Capital.
newfie
Well-Known Member
i dont know who adele is but a 20 percent prime is a hit to most people.
interest rate on your home around 21 to 22 percent.
whats a car or appliance?
newfie
Well-Known Member
i think we somewhat agree.
we've spent about 8 trillion in the last three years. our government spends like drunken sailors but they've never flooded the eocnomy with bucks like they have the last couple of years.
fiscal responsibility does not even have to mean making cuts just slowing the rate of increase.
the trump tax cuts did actually increase our revenue when implemented. the problem was the spending went up even more.
the whole process is too cooked and complicated for the general public to understand it and hold them accountable.
Up In Smoke
Well-Known Member
Yes, I believe we see the world in much the same way. If somehow we could force term limits into our local, state and federal laws, I believe we could come together and solve a lot of these issues. The party politics is sickening.
Jiangshi
Heavily Moderated User, Loves Sailfish
Do you have any facts to back up your fantasy?
Up In Smoke
Well-Known Member
It's impossible to say the tax cuts created the increase in revenues or just the fact that more people went to work each month. Revenues increased but not at the same rate as spending. It's important to remember that government spending contributes to both tax revenues and GDP. Revenues 2016: 6T, 2017: 6.1T, 2018: 6.5T, 2019: 6.8T, 2020: 6.8T, 2021: 7.7T. Spending 2015: 6.4T, 2016: 6.7T, 2017: 7T, 2018: 7.2T, 2019: 7.7T, 2020: 10T, 2021: 10T. That's a lot of government.
Fred's Myth
Nonhyphenated American
Term limits would probably just mean faster crooks.
The tax cuts meant more being kept by business and individuals which meant more spending and more hiring. Thus more taxes overall collected. JFK was famous for pointing this out. I wonder if he would be a Republican today or a liberal like Teddy?
With unemployment being in a record low I guess social security should be in better shape?
DELACROIX
In the Spirit of Honore' Daumier
A lot of people are not contributing to the social security system..getting paid under the table, cash only..illegal immigrants...welfare recipients...etc
That has always been the case but on the other hand for employment has been at a record low
I really hate this suggest another tax because it always goes up
But the flat tax system would weed out a lot of the underground economy
reagan and clinton fudged unemployment numbers to lower it
im not sure whats going on with unemployment. maybe alot of ppl leaving work bc of covid
Cancel culture
newfie
Well-Known Member
last i heard its scheduled to run out of money in 10 to 15 years.
labor participation is still decreasing.
