Inflation's not so bad..

[Horace]

@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.

[Axtremus]

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.

[Doctor Phibes]

@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?

[George K]

[Doctor Phibes]

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

[Mik]

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

[George K]

Brave CNN ran away...

[Aqua Letifer]

[Jolly]

@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...

[Horace]

@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.

[Jolly]

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

[Horace]

I guess the focus groups have spoken.

[taiwan_girl]

@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

[Jolly]

@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.

[Horace]

In my opinion, presidents have an ENORMOUS effect on the economy!

[Doctor Phibes]

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

@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.

And as I pointed out, the prevailing opinion seemed to be that the US is likely to do a lot better in the oncoming crisis than most, if not all, of Europe.

Despite Biden, or because of him, depending on which particular flavour of Koolaid you prefer.

[Jolly]

Despite Biden.

Think where we would be at, if we had opened the economy up sooner (example, Florida and Texas) and spent a little less money.

[taiwan_girl]

Right leaning:
Good things happen = IN SPITE of president
Bad things happen = BECAUSE of president

Left Leaning
Good things happen = BECAUSE of president
Bad things happen = IN SPITE of president

[Doctor Phibes]

There's a global problem with inflation, supply chain and other issues most likely caused by the pandemic and Russia's imperialist behaviour.

Could the US President impact this? Obviously to some extent, but not that much if we're honest.

And I'll say it again, the US is in better shape than Europe right now.

[taiwan_girl]

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

There's a global problem with inflation, supply chain and other issues most likely caused by the pandemic and Russia's imperialist behaviour.

Could the US President impact this? Obviously to some extent, but not that much if we're honest.

And I'll say it again, the US is in better shape than Europe right now.

I agree. Look back to March 2020. The reason President Trump lost the election was largely(?) because of his (perceived) response to COVID.

Would the US have been in the same position in Dec 2020 if a Democrat would have been in office all of 2020? I think so.

To hear democrats say it, it was all Presdient Trump's fault.
To hear republics say it, there was nothing he could have done, etc.

Again, it basically comes down to the fact that people are biased and move the narrative to make their guy look good (or at least less bad). The other side does the opposite.