Great news! Inflation has slowed but it is still alive. I am working through my July PO's and pricing has only raised incrementally instead of taking leaps and bounds as in previous months. Two thoughts come to mind. Are the prices reaching a point on non affordability or have companies and their customers started running out of money? At this level of expense I do not see where this economy is sustainable.

Of course go print more money so the poor can get poorer. Tax the large corporations that will only tax everyone else in the form of price increases. Politicians must really think American people are extremely ignorant.

Let me repeat this for anyone who thinks taxing anyone is a good idea. No matter the Government boasts it only taxes the rich is a lie. ANY AND ALL TAXES FALL ON THE WORKING CLASS ONE WAY OR THE OTHER.

(07-29-2022 01:32 PM)BlueDragon Wrote:  Great news! Inflation has slowed but it is still alive. I am working through my July PO's and pricing has only raised incrementally instead of taking leaps and bounds as in previous months. Two thoughts come to mind. Are the prices reaching a point on non affordability or have companies and their customers started running out of money? At this level of expense I do not see where this economy is sustainable.

Of course go print more money so the poor can get poorer. Tax the large corporations that will only tax everyone else in the form of price increases. Politicians must really think American people are extremely ignorant.

Let me repeat this for anyone who thinks taxing anyone is a good idea. No matter the Government boasts it only taxes the rich is a lie. ANY AND ALL TAXES FALL ON THE WORKING CLASS ONE WAY OR THE OTHER.

I suspect production costs for raw materials is starting to decine because orders are have begun to dip. Demand desruction is underway.

Jimmy is thanking creepy Joe.

(07-29-2022 02:16 PM)Attackcoog Wrote:  

(07-29-2022 01:32 PM)BlueDragon Wrote:  Great news! Inflation has slowed but it is still alive. I am working through my July PO's and pricing has only raised incrementally instead of taking leaps and bounds as in previous months. Two thoughts come to mind. Are the prices reaching a point on non affordability or have companies and their customers started running out of money? At this level of expense I do not see where this economy is sustainable.

Of course go print more money so the poor can get poorer. Tax the large corporations that will only tax everyone else in the form of price increases. Politicians must really think American people are extremely ignorant.

Let me repeat this for anyone who thinks taxing anyone is a good idea. No matter the Government boasts it only taxes the rich is a lie. ANY AND ALL TAXES FALL ON THE WORKING CLASS ONE WAY OR THE OTHER.

I suspect production costs for raw materials is starting to decline because orders are have begun to dip. Demand destruction is underway.

From all the indications I read and what I could see going on the spring led me to believe that by October the economy is going to come to a grinding halt. Much worse than what the indices have shown so far.

That is most likely the reason to infuse more money into the system to get you through November elections. Delaying the inevitable.

If you havent already I would divest as much as I could stand from the stock market unless you have deep pockets of course carry on.

Shrinking the Economy is a Feature, Not a Flaw – Massive Layoffs and Unemployment Likely Hits in September

Quote:The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.

Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.

In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:





Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.

Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.

Desperation is not a good situation for any society.

Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’

Do yourself a favor and start buying non-perishable foods now. Fill the freezer. Buy seeds. Anything that you know you will absolutely have to buy or do to maintain your home, start now.

(07-29-2022 03:20 PM)CrimsonPhantom Wrote:  Shrinking the Economy is a Feature, Not a Flaw – Massive Layoffs and Unemployment Likely Hits in September

Quote:The distance between Wall Street and Main Street has never been as brutally obvious as it is today. It is simply stunning to watch the cheerleading and casual nature of the economic and financial pundits as they speak esoterically about how policies intended to reduce the U.S. economy are so wonderful.

Seriously, the disconnect in life impact has never been as stark. At least in previous times of economic contraction there was a smidgen of appreciation for the pain that unemployment and rising costs bring to the blue collar and middle-income working class. In this new era, the financial stress and visible outcomes of destroyed families are simply shrugged aside as if these are abstract consequences.

In this segment former Federal Reserve vice-chair Randal Quarles, notes with a casual flippance how the economic policies of the Biden administration are simply doing what needs to be done in order to intentionally reduce the U.S. economy. Sure, massive unemployment, in direct correlation to the scale of the inflation that precedes it, is almost certain, but hey…. the economy must be collapsed if the Build Back Better, Green New Deal, agenda is to be fully implemented. WATCH:





Maybe this flippancy seems starker because those who consider themselves outside the collateral damage impact zone were not visible in prior generations. Perhaps it is because modern technology and the information era allows us to see conversations that were previously only described in print newspapers and journals. Whatever it is, the shameless disconnect between the unaffected rulers and the proles who have to live with the consequences are far more visible today than before.

Smiling while describing a future where working men are emasculated by their inability to support their families. Smiling and shrugging while explaining a landscape where moms are worried about how to feed their children, as the checkbook in the household creates a type of stress these ‘betters’ have likely never experienced, is almost psychotic in its detachment.

Desperation is not a good situation for any society.

Worse yet, laughing in the face of desperation leads to the type of outcomes that eventually hits the ‘betters.’

Thats because they want those retail investors to pile into the bear market rally thinking this is the bottom.

My wife and I have worked very hard over the last 2 decades to become debt free for peace of mind and for just such an event. We will be fine. Ill just reallocate some investments into recession proof industries(Health Care..Staples..Utilities...ect) and ride it out.