Inflation Ticking Down - Jobs UP - Market Up

[TimHauck 2,929]

@edjr Really wants a recession. It’s a little sick in my opinion

[edjr 6,608]

7 minutes ago, TimHauck said:

@edjr Really wants a recession. It’s a little sick in my opinion

We are already in one my friend. 

Quote

According to the general definition—two consecutive quarters of negative gross domestic product (GDP)—the U.S. entered a recession in the summer of 2022.Nov 30, 2022

 

[Hardcore troubadour 15,517]

14 minutes ago, Raven Fan said:

S&P up 7% since Biden took office.

What's your issue now?  Did Trump add $8T to the debt or 40% more in 4 years?   FACT

Did Trump bully the Fed to keep rates low during "booming" times? FACT

Did markets begin to show inflation well before anything Biden did took effect?  FACT

Is the US producing as much energy now as it did during peak Trump?  FACT

What would you like to argue?

How is it up 7 pct? 

[WhiteWonder 2,772]

2 minutes ago, Hardcore troubadour said:

How is it up 7 pct? 

He has no idea what he’s talking about. He already admitted as much in a different thread where he claimed stock gains as a win for Sleepy 

[RaiderHaters Revenge 4,364]

22 minutes ago, Raven Fan said:

Who do you think the Ukraine is buying the weapons from?

Not us. I don’t support the global industrial war machine.

It’s funny you think Ukraine is buying weapons from us with money we give them 

 

[Raven Fan 362]

9 minutes ago, Hardcore troubadour said:

How is it up 7 pct? 

Dang, I miss-mathed again.  It's up 4.5%  S&P 3,825 January 20, 2021.  Now at 4,000.

[Raven Fan 362]

6 minutes ago, RaiderHaters Revenge said:

Not us. I don’t support the global industrial war machine.

It’s funny you think Ukraine is buying weapons from us with money we give them 

 

Who do you think they're buying weapons from?

[TBayXXXVII 2,556]

1 hour ago, Sean Mooney said:

General belief it is another utilit99 alias doing some absurdist theater

I can actually believe that.

[supermike80 1,936]

Work to be done but glad to see things at least improving.  And I have always said the sitting administration gets credit and has to take the beatings as well.   

[phillybear 366]

27 minutes ago, Sean Mooney said:

This is highly unlikely. 

My math could be off, as I'm working/drinking; going from 60 bucks to 200 bucks is quite an increase and I'm not powering Christmas decorations, so...Thanks, Obama. 

[Sean Mooney 1,984]

1 minute ago, phillybear said:

My math could be off, as I'm working/drinking; going from 60 bucks to 200 bucks is quite an increase and I'm not powering Christmas decorations, so...Thanks, Obama. 

Your price is based off of the amount of electricity you used in the month...so I somewhat doubt you used the same amount of electricity in October as you did November...and you would also then have to compare it to the year previous to see what the actual uptick is. I have no doubt it was higher...but I really doubt 333%

[WhiteWonder 2,772]

1 minute ago, phillybear said:

My math could be off, as I'm working/drinking; going from 60 bucks to 200 bucks is quite an increase and I'm not powering Christmas decorations, so...Thanks, Obama. 

My gas usage this month compared to same month last year was 40% less yet my bill was almost the same. 

[TimHauck 2,929]

21 minutes ago, edjr said:

We are already in one my friend. 

 

I would tend to agree, but not based on that definition.  Actually based on that definition we went into one then it ended since GDP grew in Q3thanks 

Edit: I should have said you really want a bad recession

[phillybear 366]

29 minutes ago, Raven Fan said:

LMFAO.  Zero heat needed in November and December has been cold.

"hur dur muh energy bill is up bigly!!! Thanks Brandon!!!@@@"

My gas bill is 30 bucks year round, every month. I dread what atrocity is about to come in the mail.

Heat comes on when it's around zero outside, 40 degrees inside. Need to at least be able to see my breath. There is an easy mouthwash joke available right there.

Right now, my thermostat is showing 58 degrees, and it's T-shirt and shorts weather, but I made the concession to wear socks. 

[WhiteWonder 2,772]

Just now, Sean Mooney said:

.so I somewhat doubt you used the same amount of electricity in October as you did November...

Why do you doubt that?

[Hawkeye21 2,400]

3 minutes ago, phillybear said:

My math could be off, as I'm working/drinking; going from 60 bucks to 200 bucks is quite an increase and I'm not powering Christmas decorations, so...Thanks, Obama. 

Are you comparing the rate that you paid or are you just looking at the total bill?  The rate is what you need to use as a comparison.

[Raven Fan 362]

16 minutes ago, WhiteWonder said:

He has no idea what he’s talking about. He already admitted as much in a different thread where he claimed stock gains as a win for Sleepy 

Are stocks up or down since Biden took office?

[Raven Fan 362]

Why are folks hating on great news?

Would these people rather go back to 8% unemployment under Trump?  With empty stores shelves.  Mask everywhere.  Small business closed.  Demand so low oil is negative $'s a barrell?

Why can't you just be happy that Joe has brought us back from the Trump abyss? 

[Raven Fan 362]

3 minutes ago, phillybear said:

My gas bill is 30 bucks year round, every month. I dread what atrocity is about to come in the mail.

Heat comes on when it's around zero outside, 40 degrees inside. Need to at least be able to see my breath. There is an easy mouthwash joke available right there.

Right now, my thermostat is showing 58 degrees, and it's T-shirt and shorts weather, but I made the concession to wear socks. 

Dude.  If you really think electricity is 300% higher now than a year ago that's a you issue. 

[Sean Mooney 1,984]

4 minutes ago, WhiteWonder said:

Why do you doubt that?

November is generally a colder month so you would potentially be using the heater more....plus lights would be on more as it gets darker earlier.

[TimHauck 2,929]

37 minutes ago, Raven Fan said:

Grocery stories shelves FULL here in wonderful blue Maryland.  Prices down quite bigly.  Chicken breast $1.99/pound.  T-bone $7.99/lb on sale.  Eggs $3.00 dozen.

Thanks Joe!  What you had to recover from due to Trump's utter incompetence was staggering.  You are a miracle worker!

Ok now you’re just trolling.  Eggs are like the worst example of inflation, they’re up like 3x

[Sean Mooney 1,984]

1 minute ago, TimHauck said:

Ok now you’re just trolling.  Eggs are like the worst example of inflation, they’re up like 3x

Just now they are?

[phillybear 366]

9 minutes ago, Sean Mooney said:

Your price is based off of the amount of electricity you used in the month...so I somewhat doubt you used the same amount of electricity in October as you did November...and you would also then have to compare it to the year previous to see what the actual uptick is. I have no doubt it was higher...but I really doubt 333%

I was still using fans in the house in October. Not in November nor December. Price should not be skyrocketing, but here we are. Something to keep an eye on.

I always check on the usage year over year. It's less this year. 

[Raven Fan 362]

1 minute ago, TimHauck said:

Ok now you’re just trolling.  Eggs are like the worst example of inflation, they’re up like 3x

Google Giantfood.com.

Grade A large eggs $3.49 not on sale.  Maybe $2.75 pre-pandemic.

[WhiteWonder 2,772]

2 minutes ago, Raven Fan said:

Are stocks up or down since Biden took office?

Well the S&P is finally up (as of Nov 8th it was still down) so you waited long enough to finally make a proper claim yet used an incorrect number of 7%. 
Yes, that matters when you try to spout off at other people about facts or feelz  

also, as of early November,

“the S&P 500 is down 20% this year, on track for its worst year since 2008. 

The underperformance of the stock market under Biden matters because many Americans have exposure to stocks, either directly or indirectly in their 401(k) and pension plans. This year's selloff has wiped out trillions of dollars from nest eggs, 401(k) plans and college savings plans. 

The market turmoil is also denting consumer confidence. A CNN poll found that 75% of likely voters feel the economy is in recession. 

Some of the reasons for the 2022 market selloff were largely out of Biden's control, including Russia's invasion of Ukraine, Covid-related supply chain headaches and the belated Fed response to inflation.

Other factors, like whether Biden overstimulated an already-strong economy with his American Rescue Plan, will be debated by economists for many years to come. (A paper from the San Francisco Fed argues fiscal support may have helped boost inflation.)”

[phillybear 366]

11 minutes ago, WhiteWonder said:

My gas usage this month compared to same month last year was 40% less yet my bill was almost the same. 

I was very frugal with air conditioning this year. Barely used it. I like the fresh air and air conditioning makes one plegmy. My usage of electricity in the summer was down close to 50% and my bill was almost the same as well, year over year. Frustrating. 

[WhiteWonder 2,772]

4 minutes ago, Sean Mooney said:

November is generally a colder month so you would potentially be using the heater more....plus lights would be on more as it gets darker earlier.

Gas bills usually go up. Not so much electric. Of course it depends on how you heat your home. 
lights may be on more but probably offset by the zero usage of AC. I was still using my AC on and off in September and early October in NJ. 

[Hardcore troubadour 15,517]

So inflation is at 7 pct. If it stays there we will just get used to it so it will be better. It will be as if the price of so many things didn’t shoot up. 

[Raven Fan 362]

4 minutes ago, WhiteWonder said:

Well the S&P is finally up (as of Nov 8th it was still down) so you waited long enough to finally make a proper claim yet used an incorrect number of 7%. 
Yes, that matters when you try to spout off at other people about facts or feelz  

also, as of early November,

“the S&P 500 is down 20% this year, on track for its worst year since 2008. 

The underperformance of the stock market under Biden matters because many Americans have exposure to stocks, either directly or indirectly in their 401(k) and pension plans. This year's selloff has wiped out trillions of dollars from nest eggs, 401(k) plans and college savings plans. 

The market turmoil is also denting consumer confidence. A CNN poll found that 75% of likely voters feel the economy is in recession. 

Some of the reasons for the 2022 market selloff were largely out of Biden's control, including Russia's invasion of Ukraine, Covid-related supply chain headaches and the belated Fed response to inflation.

Other factors, like whether Biden overstimulated an already-strong economy with his American Rescue Plan, will be debated by economists for many years to come. (A paper from the San Francisco Fed argues fiscal support may have helped boost inflation.)”

I acknowledged and corrected my math mistake.  Didn't even edit the original post to try to hide it.

And I agree with all of your quoted.  Biden's spending bill made inflation worse, but Trump's spending is 80% of the foundation inflation was built on.  Inflation was already red hot before ANY of the money of Biden's bills was spent.

And if you think about it, in 2022 the economy has experienced unprecedented rate increases.  The stock market has lived off of cheap money for the last decade.  The fact that markets,  jobs, GDP, and inflation have been as resilient as they have is a testament to the strength of the economy.  Let's see where the market and inflation is 2 years after Biden took office.

All I know is that he took office in the midst of a chit show, that's undeniable.  The recovery has been close to amazing. 

[Sean Mooney 1,984]

1 minute ago, WhiteWonder said:

Gas bills usually go up. Not so much electric. Of course it depends on how you heat your home. 
lights may be on more but probably offset by the zero usage of AC. I was still using my AC on and off in September and early October in NJ. 

Either way- the more accurate comparison is November 21 usage to November 22 usage and not October 22 to November 22

[RaiderHaters Revenge 4,364]

23 minutes ago, Raven Fan said:

Who do you think they're buying weapons from?

We’re giving them weapons and money  

[OldMaid 2,133]

1 hour ago, Sean Mooney said:

General belief it is another utilit99 alias doing some absurdist theater

Considering a lot of people think Rusty/RP-HT are the same person, it wouldn’t surprise me if crapman/raven are all Rusty, too. He probably thinks he’s some sort of literary genius pulling the wool over our eyes.

[WhiteWonder 2,772]

9 minutes ago, Raven Fan said:

All I know is that he took office in the midst of a chit show, that's undeniable.  The recovery has been close to amazing. 

The thing is, anyone with a pulse (which is about all Joe has right now) could have done the same or better. He benefited greatly, as anyone would have, in 2021 from the continued market bounce back from its early 2020 covid sell off. 
The initial covid shock to the markets happened before his time and he benefited from the tail end of the correction tailwinds. 
he really hasn’t done anything on his own to improve the market. 2022 has been terrible and just now has the S&P gone positive since his inauguration. Kind of sad really to get that initial amazing market boost and give it all back

[WhiteWonder 2,772]

6 minutes ago, Sean Mooney said:

Either way- the more accurate comparison is November 21 usage to November 22 usage and not October 22 to November 22

Sure. Agreed 

as I mentioned earlier my gas bill this month 22 was 40% less usage than same month 21 and payment amount was almost identical 

[TimHauck 2,929]

14 minutes ago, Raven Fan said:

Google Giantfood.com.

Grade A large eggs $3.49 not on sale.  Maybe $2.75 pre-pandemic.

No they were like 99 cents pre-pandemic

[WhiteWonder 2,772]

Just now, TimHauck said:

No they were like 99 cents pre-pandemic

Yup. Idk what’s going on in Maryland but eggs are still very expensive compared to even this time last year. 

[Sean Mooney 1,984]

3 minutes ago, WhiteWonder said:

Sure. Agreed 

as I mentioned earlier my gas bill this month 22 was 40% less usage than same month 21 and payment amount was almost identical 

Yeah see that I would get because of the price of oil and gas and all that. 

[TimHauck 2,929]

6 minutes ago, WhiteWonder said:

Yup. Idk what’s going on in Maryland but eggs are still very expensive compared to even this time last year. 

Yeah looks like they didn’t really start going up much until this year.  https://ycharts.com/indicators/us_egg_price

 

Google seems to blame it primarily on the Avian flu

[Bert 1,128]

2 minutes ago, TimHauck said:

Yeah looks like they didn’t really start going up much until this year.  https://ycharts.com/indicators/us_egg_price

 

Google seems to blame it primarily on the Avian flu

Natural gas price increases will also result in high electricity rates. 

[TimHauck 2,929]

3 minutes ago, Bert said:

Natural gas price increases will also result in high electricity rates. 

Does that impact eggs more than other grocery items?