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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation's not so bad..

Inflation's not so bad..

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  • D Offline
    D Offline
    Doctor Phibes
    wrote on 13 Sept 2022, 14:43 last edited by Doctor Phibes
    #11

    We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.

    Spin that how you will, but there are worse places to be right now.

    The day my brother finally wired my share of my mother's savings over a week or so ago was graced with the headline "Pound at lowest level against the USD since 1985". How I laughed.

    I was only joking

    T 1 Reply Last reply 14 Sept 2022, 00:51
    • C Offline
      C Offline
      Copper
      wrote on 13 Sept 2022, 16:01 last edited by
      #12

      Inflation is killing the market today.

      Which is killing those IRA accounts invested in the market.

      Mr. Biden has wiped out many years of savings today.

      Maybe the market will go up again someday.

      D 1 Reply Last reply 13 Sept 2022, 19:45
      • J Offline
        J Offline
        Jolly
        wrote on 13 Sept 2022, 16:06 last edited by
        #13

        Well, duh...

        https://www.msn.com/en-us/money/markets/inflation-report-dampens-biden-s-attempts-to-celebrate-the-economy/ar-AA11LV4J?ocid=msedgdhp&pc=U531&cvid=909f97ed383849ccb6017048819c27d5

        “Cry havoc and let slip the DOGE of war!”

        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

        1 Reply Last reply
        • C Copper
          13 Sept 2022, 16:01

          Inflation is killing the market today.

          Which is killing those IRA accounts invested in the market.

          Mr. Biden has wiped out many years of savings today.

          Maybe the market will go up again someday.

          D Offline
          D Offline
          Doctor Phibes
          wrote on 13 Sept 2022, 19:45 last edited by Doctor Phibes
          #14

          @Copper said in Inflation's not so bad..:

          Inflation is killing the market today.

          Which is killing those IRA accounts invested in the market.

          Mr. Biden has wiped out many years of savings today.

          Maybe the market will go up again someday.

          Calm down, it can always get worse!

          I was only joking

          1 Reply Last reply
          • H Offline
            H Offline
            Horace
            wrote on 13 Sept 2022, 19:49 last edited by
            #15

            Today is absolute market carnage.

            Education is extremely important.

            L 1 Reply Last reply 13 Sept 2022, 20:07
            • H Horace
              13 Sept 2022, 19:49

              Today is absolute market carnage.

              L Offline
              L Offline
              LuFins Dad
              wrote on 13 Sept 2022, 20:07 last edited by
              #16

              @Horace said in Inflation's not so bad..:

              Today is absolute market carnage.

              Yup…So what should I buy right now?

              The Brad

              H D 2 Replies Last reply 13 Sept 2022, 20:18
              • L LuFins Dad
                13 Sept 2022, 20:07

                @Horace said in Inflation's not so bad..:

                Today is absolute market carnage.

                Yup…So what should I buy right now?

                H Offline
                H Offline
                Horace
                wrote on 13 Sept 2022, 20:18 last edited by
                #17

                @LuFins-Dad said in Inflation's not so bad..:

                @Horace said in Inflation's not so bad..:

                Today is absolute market carnage.

                Yup…So what should I buy right now?

                Dunno. This market is scary. Not low enough for confident buys though IMO.

                Education is extremely important.

                1 Reply Last reply
                • A Offline
                  A Offline
                  Axtremus
                  wrote on 13 Sept 2022, 20:49 last edited by
                  #18

                  Not long ago, Fed Chair J. Powell told everyone to expect “pain” in inflation fight. Then just yesterday, some JP Morgan released an analyst host says “soft landing” looks more likely than recession, and that got rather widely publicized. Boy, that JP Morgan analyst must feel so silly today.

                  1 Reply Last reply
                  • L LuFins Dad
                    13 Sept 2022, 20:07

                    @Horace said in Inflation's not so bad..:

                    Today is absolute market carnage.

                    Yup…So what should I buy right now?

                    D Offline
                    D Offline
                    Doctor Phibes
                    wrote on 13 Sept 2022, 22:08 last edited by
                    #19

                    @LuFins-Dad said in Inflation's not so bad..:

                    @Horace said in Inflation's not so bad..:

                    Today is absolute market carnage.

                    Yup…So what should I buy right now?

                    Whisky?

                    I was only joking

                    1 Reply Last reply
                    • G Offline
                      G Offline
                      George K
                      wrote on 13 Sept 2022, 22:30 last edited by
                      #20

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • D Offline
                        D Offline
                        Doctor Phibes
                        wrote on 13 Sept 2022, 23:13 last edited by
                        #21

                        TBH, I don't understand - why exactly was it called The Inflation Reduction Act?

                        I was only joking

                        1 Reply Last reply
                        • M Away
                          M Away
                          Mik
                          wrote on 13 Sept 2022, 23:23 last edited by
                          #22

                          I'm reconsidering my position not to vote for Trump in 2024.

                          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                          1 Reply Last reply
                          • G Offline
                            G Offline
                            George K
                            wrote on 13 Sept 2022, 23:50 last edited by
                            #23

                            Brave CNN ran away...

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            A 1 Reply Last reply 14 Sept 2022, 00:00
                            • G George K
                              13 Sept 2022, 23:50

                              Brave CNN ran away...

                              A Offline
                              A Offline
                              Aqua Letifer
                              wrote on 14 Sept 2022, 00:00 last edited by
                              #24

                              @George-K said in Inflation's not so bad..:

                              Brave CNN ran away...

                              How so? Seems to me that was uncharacteristically balanced of them?

                              Please love yourself.

                              J 1 Reply Last reply 14 Sept 2022, 00:07
                              • A Aqua Letifer
                                14 Sept 2022, 00:00

                                @George-K said in Inflation's not so bad..:

                                Brave CNN ran away...

                                How so? Seems to me that was uncharacteristically balanced of them?

                                J Offline
                                J Offline
                                Jolly
                                wrote on 14 Sept 2022, 00:07 last edited by
                                #25

                                @Aqua-Letifer said in Inflation's not so bad..:

                                @George-K said in Inflation's not so bad..:

                                Brave CNN ran away...

                                How so? Seems to me that was uncharacteristically balanced of them?

                                I honestly do think they're starting to try...

                                “Cry havoc and let slip the DOGE of war!”

                                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                H 1 Reply Last reply 14 Sept 2022, 00:16
                                • J Jolly
                                  14 Sept 2022, 00:07

                                  @Aqua-Letifer said in Inflation's not so bad..:

                                  @George-K said in Inflation's not so bad..:

                                  Brave CNN ran away...

                                  How so? Seems to me that was uncharacteristically balanced of them?

                                  I honestly do think they're starting to try...

                                  H Offline
                                  H Offline
                                  Horace
                                  wrote on 14 Sept 2022, 00:16 last edited by
                                  #26

                                  @Jolly said in Inflation's not so bad..:

                                  @Aqua-Letifer said in Inflation's not so bad..:

                                  @George-K said in Inflation's not so bad..:

                                  Brave CNN ran away...

                                  How so? Seems to me that was uncharacteristically balanced of them?

                                  I honestly do think they're starting to try...

                                  What have you noticed? Firing Stelter was a good step.

                                  Education is extremely important.

                                  1 Reply Last reply
                                  • J Offline
                                    J Offline
                                    Jolly
                                    wrote on 14 Sept 2022, 00:23 last edited by
                                    #27

                                    Reassigning Acosta, also. There are circulating rumors that Acosta and Lemon may be the next two big heads to roll.

                                    There are a lot of stories like this one floating around...

                                    https://abcnews.go.com/Business/wireStory/cnn-management-intent-changing-perception-network-88892120

                                    “Cry havoc and let slip the DOGE of war!”

                                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                    1 Reply Last reply
                                    • H Offline
                                      H Offline
                                      Horace
                                      wrote on 14 Sept 2022, 00:33 last edited by
                                      #28

                                      I guess the focus groups have spoken.

                                      Education is extremely important.

                                      1 Reply Last reply
                                      • D Doctor Phibes
                                        13 Sept 2022, 14:43

                                        We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.

                                        Spin that how you will, but there are worse places to be right now.

                                        The day my brother finally wired my share of my mother's savings over a week or so ago was graced with the headline "Pound at lowest level against the USD since 1985". How I laughed.

                                        T Offline
                                        T Offline
                                        taiwan_girl
                                        wrote on 14 Sept 2022, 00:51 last edited by
                                        #29

                                        @Doctor-Phibes said in Inflation's not so bad..:

                                        We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.

                                        Spin that how you will, but there are worse places to be right now.

                                        How can that be? I thought President Biden controlled the worlds economy. LOL

                                        J 1 Reply Last reply 14 Sept 2022, 00:54
                                        • T taiwan_girl
                                          14 Sept 2022, 00:51

                                          @Doctor-Phibes said in Inflation's not so bad..:

                                          We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.

                                          Spin that how you will, but there are worse places to be right now.

                                          How can that be? I thought President Biden controlled the worlds economy. LOL

                                          J Offline
                                          J Offline
                                          Jolly
                                          wrote on 14 Sept 2022, 00:54 last edited by
                                          #30

                                          @taiwan_girl said in Inflation's not so bad..:

                                          @Doctor-Phibes said in Inflation's not so bad..:

                                          We had a meeting with a number of big European customers last week, and the consensus from their management was that overall the US is likely to do a lot better than they will.

                                          Spin that how you will, but there are worse places to be right now.

                                          How can that be? I thought President Biden controlled the worlds economy. LOL

                                          No, but he has quite an effect upon the U.S. economy.

                                          “Cry havoc and let slip the DOGE of war!”

                                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                          D 1 Reply Last reply 14 Sept 2022, 02:08
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