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Re: Bidenflation and Shortage thread

Posted: Tue Apr 26, 2022 4:19 pm
by SeattleGriz
Next will be that food shortages are transitory.


Re: Bidenflation and Shortage thread

Posted: Tue May 03, 2022 6:39 am
by houndawg
SeattleGriz wrote: Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.

I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit. :coffee:

Re: Bidenflation and Shortage thread

Posted: Tue May 03, 2022 7:15 am
by SeattleGriz
houndawg wrote: Tue May 03, 2022 6:39 am
SeattleGriz wrote: Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.

I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit. :coffee:
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"

Re: Bidenflation and Shortage thread

Posted: Tue May 03, 2022 9:24 am
by GannonFan
SeattleGriz wrote: Tue May 03, 2022 7:15 am
houndawg wrote: Tue May 03, 2022 6:39 am

Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit. :coffee:
Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great. :roll:

Re: Bidenflation and Shortage thread

Posted: Tue May 03, 2022 9:39 am
by Winterborn
GannonFan wrote: Tue May 03, 2022 9:24 am
SeattleGriz wrote: Tue May 03, 2022 7:15 am

Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great. :roll:
Image

Re: Bidenflation and Shortage thread

Posted: Wed May 04, 2022 4:35 am
by houndawg
GannonFan wrote: Tue May 03, 2022 9:24 am
SeattleGriz wrote: Tue May 03, 2022 7:15 am

Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great. :roll:
It won't be so bad if you don't have a mortgage

Re: Bidenflation and Shortage thread

Posted: Wed May 04, 2022 6:42 am
by GannonFan
houndawg wrote: Wed May 04, 2022 4:35 am
GannonFan wrote: Tue May 03, 2022 9:24 am

Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great. :roll:
It won't be so bad if you don't have a mortgage
Not bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good. :roll:

Re: Bidenflation and Shortage thread

Posted: Wed May 04, 2022 3:37 pm
by AZGrizFan
GannonFan wrote: Tue May 03, 2022 9:24 am
SeattleGriz wrote: Tue May 03, 2022 7:15 am

Ha! Years ago when I got my first house mortgage, my mom was bitching to my dad that I had to get an 8% loan. My dad replied with, "don't you remember rates going to 18%?"
Yeah, my dad said 18% for his mortgage too. Gosh, I really hope we can return the stagflation of the '70's, that would be great. :roll:
We’re there. Negative GDP, runaway inflation. Fucking awesome.

Re: Bidenflation and Shortage thread

Posted: Wed May 04, 2022 3:38 pm
by AZGrizFan
GannonFan wrote: Wed May 04, 2022 6:42 am
houndawg wrote: Wed May 04, 2022 4:35 am

It won't be so bad if you don't have a mortgage
Not bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good. :roll:
Dems. Bitch on one hand about young people not being able to afford houses, and then drive the economy off a cliff to the point where rates are skyrocketing and they will NEVER be able to afford one now. Seriously, you can’t make this shit up.

Re: Bidenflation and Shortage thread

Posted: Wed May 04, 2022 10:00 pm
by SDHornet
AZGrizFan wrote: Wed May 04, 2022 3:38 pm
GannonFan wrote: Wed May 04, 2022 6:42 am

Not bad for me, I'm locked in at 2.75% for my mortgage. Unfortunately for those looking for houses now, those aren't the rates and they don't have the cash to get a smaller or no mortgage. Rental rates are through the roof too so no relief there. If people could just get used to not having a home I'm sure we'd be all good. :roll:
Dems. Bitch on one hand about young people not being able to afford houses, and then drive the economy off a cliff to the point where rates are skyrocketing and they will NEVER be able to afford one now. Seriously, you can’t make this shit up.
So glad I locked in a 15 year note at 2.75 back in 2016.

Re: Bidenflation and Shortage thread

Posted: Fri May 06, 2022 9:30 am
by AZGrizFan
SDHornet wrote: Wed May 04, 2022 10:00 pm
AZGrizFan wrote: Wed May 04, 2022 3:38 pm

Dems. Bitch on one hand about young people not being able to afford houses, and then drive the economy off a cliff to the point where rates are skyrocketing and they will NEVER be able to afford one now. Seriously, you can’t make this shit up.
So glad I locked in a 15 year note at 2.75 back in 2016.
You should have refinanced in 2021. 15-year rates were 2%.

Re: Bidenflation and Shortage thread

Posted: Fri May 06, 2022 10:55 am
by Winterborn
I am happy I had mine locked in at 3.6% back in March.

Re: Bidenflation and Shortage thread

Posted: Sun May 08, 2022 8:29 pm
by SDHornet
AZGrizFan wrote: Fri May 06, 2022 9:30 am
SDHornet wrote: Wed May 04, 2022 10:00 pm

So glad I locked in a 15 year note at 2.75 back in 2016.
You should have refinanced in 2021. 15-year rates were 2%.
Don't/didn't need another 15 year note.

Re: Bidenflation and Shortage thread

Posted: Wed May 11, 2022 4:48 am
by BDKJMU
New all time high $4.37.
https://www.msn.com/en-us/money/markets ... NewsSearch

Edit. Nevermind, that is day old news. Now AAA now $4.40,
up 18 cents in the last week alone.

Re: Bidenflation and Shortage thread

Posted: Wed May 11, 2022 6:11 am
by Winterborn
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.

The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982.

Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain, seemingly dashing hopes that inflation had peaked in March.

The price gains also meant that workers continued to lose ground. Real wages adjusted for inflation decreased 0.1% on the month despite a nominal increase of 0.3% in average hourly earnings. Over the past year, real earnings have dropped 2.6% even though average hourly earnings are up 5.5%.
https://www.cnbc.com/2022/05/11/cpi-april-2022.html

Re: Bidenflation and Shortage thread

Posted: Wed May 11, 2022 7:25 am
by HI54UNI
Winterborn wrote: Wed May 11, 2022 6:11 am
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.

The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close to the highest level since the summer of 1982.

Removing volatile food and energy prices, so-called core CPI still rose 6.2%, against expectations for a 6% gain, seemingly dashing hopes that inflation had peaked in March.

The price gains also meant that workers continued to lose ground. Real wages adjusted for inflation decreased 0.1% on the month despite a nominal increase of 0.3% in average hourly earnings. Over the past year, real earnings have dropped 2.6% even though average hourly earnings are up 5.5%.
https://www.cnbc.com/2022/05/11/cpi-april-2022.html
And the things that really matter to people -

"On a 12-month basis, energy costs were still up 30.3% while food rose 9.4%"

Re: Bidenflation and Shortage thread

Posted: Wed May 11, 2022 7:47 am
by GannonFan
HI54UNI wrote: Wed May 11, 2022 7:25 am
And the things that really matter to people -

"On a 12-month basis, energy costs were still up 30.3% while food rose 9.4%"
They can say "slight ease" all they want, but this is yet again another crappy inflation number. This is why you don't let inflation out of the bag in the first place, because it's incredibly hard to fix once its there. The central bank and the Biden administration couldn't have done a worse job economically than they have. This is Carter-esque in terms of economic management, and even then that might be too harsh on Carter.

Re: Bidenflation and Shortage thread

Posted: Wed May 11, 2022 8:42 am
by BDKJMU
Up almost 11% in the 16 months since Biden took office..

Re: Bidenflation and Shortage thread

Posted: Thu May 12, 2022 4:09 pm
by BDKJMU
Straight from the Bureau of Labor stats:

Re: Bidenflation and Shortage thread

Posted: Thu May 12, 2022 5:07 pm
by BDKJMU
Wholesale inflation climbs 11% in April, remaining near 40-year high
https://www.foxbusiness.com/economy/who ... april-2022

Meanwhile, Biden continues to blame Trump, Republicans, oil companies, the China Virus, Putin, and whatever else I left off..

Re: Bidenflation and Shortage thread

Posted: Thu May 12, 2022 8:50 pm
by SDHornet
BDKJMU wrote: Thu May 12, 2022 4:09 pm Straight from the Bureau of Labor stats:
Rent only up 5%? I call bullshit.

Re: Bidenflation and Shortage thread

Posted: Thu May 12, 2022 9:26 pm
by Baldy
houndawg wrote: Tue May 03, 2022 6:39 am
SeattleGriz wrote: Sat Mar 19, 2022 7:07 am Bahaha. Getting so bad, Dems are bringing in the evil gas executives to blame for the high prices.

I sure hope one of the gas executives points out like last time (to paraphrase), how they make .08 cents a gallon profit, while the Government adds .80 in taxes. So who is gouging the public?
Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit. :coffee:
Yeah, and I remember there was another Donk in the White House at that time too.
Strange coincidence. :suspicious:

Re: Bidenflation and Shortage thread

Posted: Fri May 13, 2022 5:50 am
by houndawg
Baldy wrote: Thu May 12, 2022 9:26 pm
houndawg wrote: Tue May 03, 2022 6:39 am

Wipe your nose, sweetheart. You must be young that you don't remember we've been here before, and worse. I remember taking a mortgage at 10.5% - this ain't shit. :coffee:
Yeah, and I remember there was another Donk in the White House at that time too.
Strange coincidence. :suspicious:
Gerald Ford - Whip Inflation Now :coffee:

I give it a gentleman's "C"

Re: Bidenflation and Shortage thread

Posted: Fri May 13, 2022 6:18 am
by AZGrizFan
houndawg wrote: Fri May 13, 2022 5:50 am
Baldy wrote: Thu May 12, 2022 9:26 pm
Yeah, and I remember there was another Donk in the White House at that time too.
Strange coincidence. :suspicious:
Gerald Ford - Whip Inflation Now :coffee:

I give it a gentleman's "C"
:lol: :lol: :lol:

Classic Donk deflection. Blame the guy who was in the seat for less than 2 years, not the guy who literally fucked up everything he touched between 1976 and 1980. :rofl: :rofl:

Re: Bidenflation and Shortage thread

Posted: Fri May 13, 2022 6:43 am
by houndawg
AZGrizFan wrote: Fri May 13, 2022 6:18 am
houndawg wrote: Fri May 13, 2022 5:50 am

Gerald Ford - Whip Inflation Now :coffee:

I give it a gentleman's "C"
:lol: :lol: :lol:

Classic Donk deflection. Blame the guy who was in the seat for less than 2 years, not the guy who literally fucked up everything he touched between 1976 and 1980. :rofl: :rofl:
...wrong, as, evidently, is your custom. :coffee:


I know, I know, you were in diapers while the Republicans showed us how to deal with inflation during the early-70s recession but you'd think a guy involved in banking would have a better feel for the historical record of something so important to his vocation. Nobody was happier that Jimmy Carter won in '76 than Gerald Ford.