https://www.google.com/amp/s/www.nbc...amp/rcna149580
https://www.cnn.com/2024/04/25/econo...gdp/index.html
Think it's bad now? Just wait.. you are in for the ride of your life. This will wipe out most of the working class... it will be really bad.
Think 1970's on steroids and multiple that by 10.
Some of you voted for this. You deserve this. I hope every Biden supporter loses everything and finally comes to the realization that they messed up everything because they thought Orange Man was Bad.
Biden's America 🤡
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Thread: Stagflation is coming!!
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04-26-2024, 05:19 PM #1
Stagflation is coming!!
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04-26-2024, 05:25 PM #2
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04-26-2024, 05:27 PM #3
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04-26-2024, 05:28 PM #4
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04-26-2024, 05:47 PM #10
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04-26-2024, 05:57 PM #11
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04-26-2024, 08:05 PM #12
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04-26-2024, 09:09 PM #15
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04-26-2024, 09:22 PM #16
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04-27-2024, 12:30 AM #17
In on daily bear porn thread.
Saw these threads before any of you were born, before there was internet… 100% srs. Before there were any websites or threads or forums. People always said the same stupid sheit you’re saying now.
Markets and media are specifically designed to scare you. It’s good for clicks, and for market profits when you sell.
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04-27-2024, 12:34 AM #18
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04-27-2024, 12:42 AM #19
Everything and nothing. Just like always. You can’t predict it, just invest in top 1% of the best companies in the world and inflation hedges, I prefer digital gold aka bitcoin. During periods of so called stagflation defensive stocks and inflation hedges may not be a bad idea.
But to be scared of some collapse or some stagflation is like sitting on a toilet after you eat because at some point you will have to poop. No, go about your life.
remember also that price is not same thing as value. People say well during stagflation your house or any real estate doesn’t go up in price… so what??? It still has the same value as yesterday.
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04-27-2024, 12:54 AM #20
Hasn't stopped NVDA from shooting back up out of its major drop in less than a week. Still not even that close to their earnings report or any other catalyst to trigger it yet. Google reached an all time high.
If you read the article from OP, it mentions concern about the PCE, the day before it was announced, and PCE turned out not too bad, just slightly (0.2%) above expectations. PCE is what the feds focus on the most when it comes to determining the interest rate changes.
Not a doomer until there's a reason to be.i7-14700k
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Everything I write is NOT financial advice.
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04-27-2024, 01:36 AM #21
Hopefully the stagflation Jamie Dimon has mentioned doesn't last long. It is easy to see that scenario happening though.
With that said, Biden does want to keep spending more and more money, and additionally raise taxes much higher. I can imagine would slow the economy more and wake inflation worse.
It is kind of funny in that cutting taxes has been shown to improve the economy which in turn leads to more money for the government. I'm assuming this is what Biden wants but by Biden's latest budget proposal he does not appear interested in that.
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04-27-2024, 03:09 AM #22
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04-27-2024, 04:27 AM #23
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04-27-2024, 04:30 AM #24
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04-27-2024, 04:53 AM #25
- Join Date: Jul 2011
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Inflation below 4% is historically low over the last few decades. People have gotten used to 0% interest rates and free money so they think that's the norm. 0% interest rates and free money are the signs of a bad economy that needs to be stimulated and which can often result in the inflation that was just recently beaten back.
And no, 3.5% inflation is not a big deal. Real wages are up since 2021 boyo.
Stop fear mongering OP.Early AM workout crew.
Holy crap dude, Satan's huge crew.
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04-27-2024, 05:07 AM #26
It means you are pretty much screwed. Pretty easy to see in simple terms. Govt turns on the money printing machine and everyone has to pay. Of course everything thinks it sucks but the wealthy can endure since they have investments creating income while the working man continues to work, make the same wage.....yet everything goes up in price.
I took my family to Italy for spring break and everything there was so much cheaper. Especially the quality and price of food. I honestly dont know how middle class america survives and saves these days.
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04-27-2024, 05:11 AM #27
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04-27-2024, 05:18 AM #28
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04-27-2024, 05:37 AM #29
Bro it's already dead gone. Middle class is done for. It's over. There's zero way middle class is saving or getting ahead. It's over
Just buy gold and silver it will be the best performer for a decade. It's going to 10k oz.
Also, your wrong about them lowering rates before 2%
Any type of financial crisis will result in lowering rates. Dot com bubble, 2008 crisis, covid, the market crashed. What did the Fed do to save the economy? Lowered rates to 0%. We've had a decade of almost 0% rates. Companies got greedy and sre loaded with debt. Banks as well. There's gonna be a crack or crisis if rates are up for so long only a matter of time.
But this time if the crisis is inflation, how wlare they gonna lower rates this time around? How can they bail banks out this time? By printing more money?
We've got disaster written all over it....just byt gold and silver. It's over.Last edited by MarioMiami305; 04-27-2024 at 05:46 AM.
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04-27-2024, 05:48 AM #30
That's the thing, they can't really lower rates this time. So the economy dies and prices are still high. AKA Stagflation.
People with assets will be ok. But evreyone else gets fuked.
I agree they will likely try to cut before Inflation is 2%, but it will still happen long after things begin breaking.
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