Tweet
Originally posted by froot loops
View Post
-
So cute.I feel like I am watching the destruction of our democracy while my neighbors and friends cheer it on -
I didn’t even realize NASDAQ was down under Biden. Weird. Fortunately DJIA is rolling. 6% for a few months is great. Need my 529s to hold up!Originally posted by Hannibal View Post
Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
-
Nick Cage = Ned Beatty. Well, Nick doesn’t have heart failure or diabetes."The problem with quotes on the Internet is that it is sometimes hard to verify their authenticity." -Abraham LincolnComment
-
Burn in hellDan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
-
Tech stocks were the safe harbor during the pandemic and inflated a bunch of them. Would be healthy to see the Dow do better for a while.Comment
-
I was surprised the markets rebounded so quickly after COVID. It’s important they keep plugging along. We are in the midst of baby boomer pensions coming due and could use every last cent.Dan Patrick: What was your reaction to [Urban Meyer being hired]?
Brady Hoke: You know.....not....good.Comment
-
The CARES act impact was phoenomenal, had Congress done the bare minimum like they did back in 2008-2009 the stock market would not have been so fortunate. Trump stumbled into a good pick at the Fed has helped immensely as well. Powell > BernakeComment
-
The stock market runup is going to be severely tested over the next 20 years as the baby boomers start cashing out. And then even moreso when Gen X gets to retirement age. We are the 401K generation. The cushy jobs that supply the fat 401K plans and pensions are fading away and I don't see those being available for future generations the way that they were available for us.Last edited by Hannibal; March 26, 2021, 08:03 AM.Comment
-
The government printed a bunch of money that ended up inflating the stock market. If you, like me, are super heavily invested in the stock market, then this has been a huge boon for you. If not, you're getting royally fucked.Originally posted by froot loops View Post
I ain't complaining. The government has redistributed more then enough wealth away from me over my lifetime, but last year's stock market runup is one of the greatest wealth transfers of all time. But thank God it went into the financial markets somehow instead of food and gasoline. Hyperinflation of asset values is good for asset owners like me. For now, at least.
Well, actually, it has been affecting prices too. Have you looked at gas prices or your grocery bill lately?Last edited by Hannibal; March 26, 2021, 08:06 AM.Comment
-
Meanwhile, the national debit is up to $28 trillion and still climbing exponentially. Joe Biden is proposing some massive tax increases to help shore up the deficit. Can't say I disagree at this point. I'd rather taxes be transparent than to have stealth taxes via printing money.Last edited by Hannibal; March 26, 2021, 08:06 AM.Comment
-
Pffft ..... MMTMission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.Comment
-
There was a simile in one WSJ comment section that received a tremendous number of likes from both parties this morning:
Watching the press ask Biden questions is like watching a group of adults try to help a small child win a game of Monopoly and still failing.Comment
-
This weird fixation on gas prices cracks me up. The gas prices were unusually low because of a giant demand shock due to a pandemic. The same guy demanding open, open, open then complains when the gas prices return to pre-pandemic levels when things are pretty much open.Comment
-
I watched the press conference. It sure is nice to have adults in charge again.I feel like I am watching the destruction of our democracy while my neighbors and friends cheer it onComment
-
Historic rates of inflation can be found here. There's no number for March yet but Feb was 1.7%. That's lower than all of 2018 and all but 2 months of 2017. The tax cuts possibly helped increase it even more than the stimmy checks have.
Comment
Comment