You are a loon

A loon for this roaring economic growth!!!

Looks like the markets are turning.
Crypto could be the canary in the coal mine, I am not one who gets into crypto but it's deflating steadily.

Everyone telling me to get back into Crypto, but that's like getting back with an ex girlfriend who you know is crazy as shit but a good fuck. You just don't want to deal with the crazy side again.

Jan 21, 2022 23:42:08 GMT iNCY said:

Looks like the markets are turning.
Crypto could be the canary in the coal mine, I am not one who gets into crypto but it's deflating steadily.

Hope that people remember socialism is bad and causes inflation when the multimarket crash that everyone is saying this foreshadows hits.  But lets face it, US will just give do a 2 to 4 trillion bailout as companies support capitalism for profit and socialism for losses.

Jan 22, 2022 0:06:59 GMT KING KID said:

Everyone telling me to get back into Crypto, but that's like getting back with an ex girlfriend who you know is crazy as shit but a good fuck. You just don't want to deal with the crazy side again.

But you got to buy that dip.  Go all in on that dog money.  

Jan 22, 2022 0:36:41 GMT c said:

Jan 22, 2022 0:06:59 GMT KING KID said:

Everyone telling me to get back into Crypto, but that's like getting back with an ex girlfriend who you know is crazy as shit but a good fuck. You just don't want to deal with the crazy side again.

But you got to buy that dip.  Go all in on that dog money.  

For 150 doge I will take What is ponzi scheme

Dog money will never die!!!


Funny to see all of the hardcore Trumpers now rallying against capitalism as the market is crashing. They taking more and more to calling the wealthy communists and want to overthrow them and take back their money. Almost like the socialism part of national socialism matters.


Fun watching WBS rip itself apart as their meme stocks are all crashing super hard too with people screaming not to sell and others checking out before they lose even more cash.



iNCY , Keep an eye on the collateralized debt obligation market.  This is basically the subprime mortgage market repackaged with risky debt being sold as AAA investments.  

Story on the boom of this market.  The business loan market in particular is not sustainable in any way in the face of inflation and rising wages.

www.wsj.com/articles/clos-wrap-up-record-year-11640637572

Jan 22, 2022 2:51:37 GMT c said:

Dog money will never die!!!


Funny to see all of the hardcore Trumpers now rallying against capitalism as the market is crashing. They taking more and more to calling the wealthy communists and want to overthrow them and take back their money. Almost like the socialism part of national socialism matters.


Fun watching WBS rip itself apart as their meme stocks are all crashing super hard too with people screaming not to sell and others checking out before they lose even more cash.



iNCY , Keep an eye on the collateralized debt obligation market.  This is basically the subprime mortgage market repackaged with risky debt being sold as AAA investments.  

Story on the boom of this market.  The business loan market in particular is not sustainable in any way in the face of inflation and rising wages.

www.wsj.com/articles/clos-wrap-up-record-year-11640637572

WSB died with Gamestop it became full of anti capitalist people wanting to score a win for the little guy
What made WSB charming was the ruthlessly degenerate pursuit of gains at any social or moral cost.

It's also interesting watching the long term bond rate climbing.
This bubble is going down, all that remains to be seen is if it is a slow leak or a bang.

Crypto is also dying and it's the dems going after it the hardest, government is so predictable, if they cannot control something they will ban it.

The WSB people all left that sub for SuperStonk. Superstonk is now the original WSB. Was a lot of drama over whether or not they were being manipulated by people using them to pump or not.

Dems are targeting crypto over environmental concerns, the drain on chips during the shortage and link to criminal markets. Crypto's power demands are massive and already at .5% of global power production and their tech is taking up 10% of the chip market hurting many companies ability to get the hardware they need. This bleeds into other industries as well, as people move to product crypto chips over other chips for consumer goods.

For criminal markets, crypto is what fuels the modern criminal market. Drug deals, money laundering, dark political money, bootleg markets, ect all run on crypto since they believe it is untraceable and usually dirty money goes in and comes out clean. FBI showed though it is no anonymous and is entirely traceable.

I want the market to die so I can get stuff that uses chips without paying thousands of dollars because of crypto demand for the same gear, but Web 3.0 runs off crypto. It will be the defining feature of the 3.0 era. Once it dies we will move to Web 4.0, which is likely Zuck's Metaverse. Both are shit options, since we will move from mineable crypto to company issued tokens.

7.5% and counting.
Russia poised to invade Ukraine next week.
Ain't life grand?


www.theguardian.com/business/2022/feb/10/us-inflation-reached-highest-level-40-years-january

Fun thing about inflation is it is not affecting the poor as much as the rich. Based on what is inflating, it is mostly things that the poor could not afford anyway. Hotels, furniture, houses, new cards, expensive cuts of meat, ect.

For most people real inflation is down around 4%. For the wealthy is it is closer to 15%.

Got love corporations being able to borrow at 0 but consumer rates creeping up. Mortgages are up to 4% now and will go up fast when the feds jack the rates. They been using the upcoming rate hike to slowly increase them every few months to milk more profit.

"We're already fucked so who gives af?"
- The Poor

Basically. Steaks up like 15% but I cannot afford to drop $15 on small cut off beef. I mostly eat tofu for protein as meat prices have been going up for a decade. New cars are up 12% but I never had a new car.  Likely will be getting a bike soon to drive around town.  Houses are up 20% but most people rent and rent is only up 4%. Airfare and hotels are up 15% but who can afford to travel? Jewelry and designer dresses are up 10% but I generally can only afford to shop thrift. Electricity is up for many, but mostly gas markets. We use mostly green energy in CT so rates are much lower than fossil fuel states as we only use gas only for heat. Electric we use biogas or nuclear.

Feb 11, 2022 23:45:14 GMT c said:

Basically. Steaks up like 15% but I cannot afford to drop $15 on small cut off beef. I mostly eat tofu for protein as meat prices have been going up for a decade. New cars are up 12% but I never had a new car.  Likely will be getting a bike soon to drive around town.  Houses are up 20% but most people rent and rent is only up 4%. Airfare and hotels are up 15% but who can afford to travel? Jewelry and designer dresses are up 10% but I generally can only afford to shop thrift. Electricity is up for many, but mostly gas markets. We use mostly green energy in CT so rates are much lower than fossil fuel states as we only use gas only for heat. Electric we use biogas or nuclear.

Your argument from before and this one combine into some idea that there’s only a rich and incredibly poor in the country which isn’t true. The majority of the country is affected by the price increases in beef, new and used cars, hotels, clothing and gas. That you’re not affected as much doesn’t suggest this is only a problem for people who are building space ships for themselves.

Given the extreme rates of inequality most people would not even be middle class. But this is why spending patterns do not really change, what people refer to as inflation primarily affects the upper middle class and above. The traveling exec is seeing like 20% or higher inflation. The average poor or lower class middle person has not really seen much different effect in costs. Prices also have been gradually increasing for years, but people do not notice small increases, only jerks. So when companies decided to freeze prices in 2019 then raise then in 2021 for years people noticed the change. But the increases that happen every year most never see as they are not primed to think of rising costs.

And frankly, the companies jacking up costs are doing so well above and beyond cost of supplies and labor. If it costs an extra 5% percent to produce an item and you increase the price 15% to 20% that is not inflation, but profit that is driving the decision, and this is exactly what we are seeing.

A gallon of distilled water increased 20% over the last couple months. Not exactly a luxury item.

Feb 11, 2022 23:45:14 GMT c said:

Basically. Steaks up like 15% but I cannot afford to drop $15 on small cut off beef. I mostly eat tofu for protein as meat prices have been going up for a decade. New cars are up 12% but I never had a new car.  Likely will be getting a bike soon to drive around town.  Houses are up 20% but most people rent and rent is only up 4%. Airfare and hotels are up 15% but who can afford to travel? Jewelry and designer dresses are up 10% but I generally can only afford to shop thrift. Electricity is up for many, but mostly gas markets. We use mostly green energy in CT so rates are much lower than fossil fuel states as we only use gas only for heat. Electric we use biogas or nuclear.

It must be nice to live in a world where you can cherry pick facts to suit your arguments.
Fuel prices are impacting practically everyone
Grocery prices hurt.

You sound ridiculous claiming grocery prices aren't hurting people because you eat tofu.
EVERYTHING is either going up dramatically or is about to.

c puts the FU in tofu.

Feb 12, 2022 3:18:21 GMT iNCY said:

Feb 11, 2022 23:45:14 GMT c said:

Basically. Steaks up like 15% but I cannot afford to drop $15 on small cut off beef. I mostly eat tofu for protein as meat prices have been going up for a decade. New cars are up 12% but I never had a new car.  Likely will be getting a bike soon to drive around town.  Houses are up 20% but most people rent and rent is only up 4%. Airfare and hotels are up 15% but who can afford to travel? Jewelry and designer dresses are up 10% but I generally can only afford to shop thrift. Electricity is up for many, but mostly gas markets. We use mostly green energy in CT so rates are much lower than fossil fuel states as we only use gas only for heat. Electric we use biogas or nuclear.

It must be nice to live in a world where you can cherry pick facts to suit your arguments.
Fuel prices are impacting practically everyone
Grocery prices hurt.

You sound ridiculous claiming grocery prices aren't hurting people because you eat tofu.
EVERYTHING is either going up dramatically or is about to.

Gas prices are 3.30 here.  Majority of the past 20 years they been higher than they are now.  Feels to me like a correction.

People will adjust their diets around expensive foods.  They always have.  And the grocery prices are up because people sat by and said nothing as the big five bought out their competition.  Walmart, Costco, Kroger and Ahold Delhaize control the stores, Kraft Heinz, General Mills, Conagra, Unilever and Delmonte own most of the stuff in them.  Cost of manufacturing with automation has been dropping prices, and they are pay less and less for commodities, but prices are going up.  They have a trust, have lobbyist to protect the trust, and can do whatever they want.  Fuel costs are up slightly, but still cheaper than it was 10 years ago.  Trucker pay is still the same with cost of living increases less than inflation.  Only thing that changed was the narrative that prices were rising so companies will take advantage.  If everyone in the trust circle does it, they all can benefit.  This is not inflation based, this is greed pure and simple.  The main costs increases when you big into the numbers are in the marketing departments and the executive compensation, with a small bump in general labor costs at the retail level.  Costs may have risen 5% but prices are going up 15% to 20% for many products as the producer wants their cut of extra profits and the retailer wants their cut of extra profits.  

Simply put people willed inflation into existence by giving companies permission to do price hikes using it as an excuse.  And since prices are sticky, these are now permanent price hikes.

And to go back to my point men's business Attire has twice the inflation rate as women's business attire or men's casual attire, and suits are up nearly 30%. The companies know who they are pricing too.

A huge part of this inflation movement is bleeding the upper middle class of ever cent they can in the name of inflation.  Put together items that an upper middle class person who travels for work would buy in a year and they are looking at 25% inflation or higher.  This is not what us are poor people are getting hit with.  

The companies are literally targeting all of this at bleeding you dry while blaming others for their massive rate hikes so you do not stop and ask what is the justification for the massive increases in costs.  Easier to say fuck Joe Biden than think the car rental place really upped the rental rate by 50% after declaring bankruptcy two years ago just to increase exec bonuses and stock buybacks.  

C make a cooking thread. Let's talk about tofu.

Tofu is what you have to eat when you get regular blood work done. Now even having normal cholesterol levels is a concern for doctors as it go increase.

But most people in the lower income brackets stopped buying a lot of meat when the prices did the run last decade. Choice cuts doubled in priced before the pandemic with mad cow and the pork culls. Off cuts remain low though. So boneless porkchops and bacon are inflating, bone in and butt is much lower. Do not really eat much beef, but for chickens breasts are up, thighs and leg quarters are not. Stuff we were already priced out of we will not start to buy now as it rises higher. Which is where tofu shit and comes in anyway, it is a dirt cheap protean that meat prices made all the more attractive.

Also the US needs to move away from animal farming anyway. If you ever been to a pig town you will know how fucking gross they are. To deal with the shit they make artificial lakes of pig shit.  This all seeps then into the ground then the local water supplies bringing disease.  These towns smell from miles away.  The pig shit lakes was said to be done to make biogas, but the biogas side of it never game to be as coal is king in pigland, so places like NC are just full of town filled with this literal shit.  They also pump the shit and spray it all over the state as fertilizer which itself then makes people sick.  Why much of the NC has a slight shit smell to it.

7.9%... We are not in Kansas anymore Toto.

www.theguardian.com/us-news/2022/mar/10/us-inflation-increase-labor-department-report-latest

Good time to jack up prices again. Consumers still have savings from the COVID epidemic. Need to get every dime of that into the hands of the wealthy.

Mar 11, 2022 4:38:40 GMT c said:

Good time to jack up prices again. Consumers still have savings from the COVID epidemic. Need to get every dime of that into the hands of the wealthy.

Thank you 😂

...I needed that

Just wait for Trump round 2. More tax cuts for the wealthy followed by likely 10 trillion in spending. Sure he will also eliminate the national debt again like he did in his first term.

Lock seems almost complete. His supporters took over election boards in prep for 2024, with states expanding and confirming their power to throw out popular election results and replace them with legislative results.

You're getting mixed up c, this is the thread where you make up reasons why the fiscal outlook is good, not the one where you make up political narratives that suit your vision of the world.

That is right, Trump will pay off the national debt so the fiscal outlook looks great!!!

He will Make America Great Again, Again.