Continuous flow of good economic data

[sdholloway56]

MSM girls and bois with nice hair had to shelve the “economic anxiety” stories until there’s a bad print.

[Packard27]

The happy reality of President Joe Biden’s stock market is that if you had only $200K invested in the S&P 500 Index on January 1st, then you have already made nearly $18K while you slept this past month. Hurray & God bless America...ehhh? What a country!

Unfortunately, the bottom half of the 130 million US Households did not have anything invested in the S&P 500, so they got jack. Zero. Nada.

But what of those households in the middle, and those other millions of families who live all the way up to the 90th percentile? Well, they did make money, but it was measured in the hundreds of dollars. It was certainly better than what the bottom 50% didn’t get (i.e. zip), but it will not likely be nearly enough to cover their next month’s electric, grocery, and gas bills. 

Meanwhile, our great hundred billion dollar Ukrainian military adventure continues, millions of illegal aliens are still streaming across our open southern border, Fentanyl deaths spike at a rate of 100K/year, our seditious and fully weaponized DOJ & FBI work feverishly to protect the Biden family’s...ahhh...”overseas business interests,” reported government inflation numbers are a sleight of hand game meant only to placate the gullible social security recipients, Black Crimes (Still) Matter, and our blowhard POTUS becomes more and more senile with each passing day.

A very good thing the stock market is going up. At least Warren, Bill, the two Jeffs, Tim, Elon, Jamie, Michael and George all had cause to celebrate this past month. Happy days are here again, I suppose.

[BA Deere]

This is why I at least try to stay off the "economy goin` to hell.... soon" This printing.. raise the debt limit can or more importantly has went on already 35 years longer than I thought and I still consider myself a "young man" 😀

When you have the world`s reserve currency and and by far the world`s largest Navy.. who in the world will question the boss dipping in the till if his personal checkbook is a little short this month?

The media and "two handed economists" can put numbers out there and then revise last quarter`s numbers when the coast is clear to little fanfare over a holiday weekend.   And if nothing else, change the definition of recession, inflation and unemployment. 

It`ll work until it doesn`t.  

[sdholloway56]

"But the Debt/deficit" is just an excuse for guntotin' butthurt trash folks to justify themselves. They couldn't care less about tax cuts for the wealthy and corporations that ballon the debt.

As far as stock returns go, you can paint any picture of stock returns you'd like via the timeframe you choose- except that in the very long term it does go up.

Anybody who didn't view stocks and particularly bonds as wildly overvalued at the beginning of '22 deserves to have ridden the retracement.

[aljessen61]

If today inflation went to zero, the average investor might break even in 10 years. The dumb fargs think everything is rosy and that is why we have these clowns we do controlling the economy today.

[rickgthf]

... who passed a $1.4 trillion tax almost exclusively for the top 10% four years ago? 

  And if you're going to complain about Ukraine war spending let me point out something.  All those M26 rocket motors that make up half of the ground-launched small-diameter missiles that we're sending to Ukraine.  They are rocket motors salvaged from cluster bomb munitions not allowed by international agreement, paid for years ago.  And the bombs themselves are repurposed dumb bombs fitted with wings & a guidance system.  Pretty good use of resources if you ask me.

  And all those combat jackets the Ukrainian soldiers are wearing, old stock retired from the Iraq & Afgan war, again bought & paid for years ago.

[sdholloway56]

This is a conversation with some real morons.

[sdholloway56]

Rick- you are correct.

Like in Gulf I, the old ordinance gets counted at cost but it really isn’t.

[aljessen61]

You two have to be the dumbest idiots on earth.

[bruce MN]

…whether to xxxx or go blind:

https://l.smartnews.com/RAkTo/zyKLHV