Up In Smoke
Well-Known Member
My bad, rolling headline inflation is 2.85% for the last 6 months.
Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
- Thread starter Analbumcover
- Start date
catstalking
ie qt
biden has presided over more inflation in 3 years than the 10 years of Trump and Obama before him
This should help bring down inflation.
Biden Approves $5 Billion In Student Loan Forgiveness For 80,000 As Key Deadline Nears
The Biden administration announced that 80,000 borrowers have been approved for nearly $5 billion in student loan forgiveness under a program that will soon end.
www.forbes.com
December 6, 2023
"3.6 million borrowers now approved for nearly $132 billion in loan forgiveness. This level of debt relief is unparalleled and we have no intention of slowing down.”
"The administration also noted that this brings the total amount of student loan forgiveness approved by the Biden administration under various programs to $132 billion."
Up In Smoke
Well-Known Member
Kind of reminds me of the Reagan years. Two bad administrations left the 70s as the lost decade and the 2010s will be remembered in the negative also.
BrownFlush
Woke Racist Reigning Ban King
newolddude
Well-Known Member
BrownFlush
Woke Racist Reigning Ban King
catstalking
ie qt
you know those are horrible figures right? even without talking about how low inflation is measured since it doesn't take housing cost into consideration, you know the largest part of our economy
newolddude
Well-Known Member
It really is true that people vote with their wallets. Hyperinflation in 1920s Germany paved the way for you-know-who.
newolddude
Well-Known Member
newolddude
Well-Known Member
I know it also sounds like white knighting for Biden but we really are screwed as a nation when it comes to housing. We're not building enough because Boomers and Gen X have mostly become NIMBYs. This isn't a left/right liberal/conservative thing. Too many people from both parties are screwed up.
They weren't before Biden was President?
newolddude
Well-Known Member
Fair point. They've/we've gotten worse.
catstalking
ie qt
they've been lies for decades
newolddude
Well-Known Member
Ken Griffin’s Citadel returning $7B to investors after banner year: source
Its flagship multi-strategy Wellington fund returned 14.8% this year through November, a second source said.
nypost.com
catstalking
ie qt
imagine that when 1/3 of the country are foreigners that shouldn't even be here
newolddude
Well-Known Member
Must be fun lying and believing your own BS.
Nearly 17 million illegal immigrants living in the US, 16% increase since 2021: analysis
The Federation for Immigration Reform (FAIR) group says that the number of illegal immigrants living in the U.S. has increased by more than 16% since early 2021 to 16.8 million.
Population Clock
Shows estimates of current USA Population overall and people by US state/county and of World Population overall, by country and most populated countries.
www.census.gov
17,000,000/335,000,000 = Just over 5%
Babagounj
Strength through joy
Warren Buffett selling $28.7 billion in stock rings alarm bell over economy
Buffett's Berkshire Hathaway has sold $28.7 billion in stocks during the first three quarters of 2023. Why?
www.newsweek.com
"The money supply of the United States, broadly measured [M2], started contracting in July 2022, and has been falling like a stone," Hanke said. "Since last year, the U.S. money supply has contracted by 3.3 percent."
According to Hanke, there have been only four periods in U.S. history—in 1920-21, 1929-33, 1937-38 and 1948-49—in which the money supply has had significant contractions.
"Each of those four episodes was followed by a serious recession," he said. "The current monetary contraction is clearly going to lead to precisely what monetary contractions always lead to: a recession."
David Wagner, portfolio manager at Aptus Capital Advisors, told Newsweek that Buffett is likely holding on to more cash because insurance costs have increased, and "historically, Buffett has stated that his company likes to hold cash on its balance sheet to cover potential insurance losses."
The billionaire might also be keeping cash on hand "for optionality if there is market weakness," Wagner said.
"And right now, cash is earning a relatively healthy nominal return. If the market were to take a fall, he'll be ready to buy when valuations are lower, much like what he did in 2008."
