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The New Coffee Room

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

Inflation's not so bad..

Scheduled Pinned Locked Moved General Discussion
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  • JollyJ Offline
    JollyJ Offline
    Jolly
    wrote on last edited by
    #37

    We've already spoken at length about this.

    I'm sorry, but you're just flat-ass wrong. Anybody who follows markets, knows that sentiment plays a part in the movement of money.

    The President has the biggest megaphone in the largest economy on the planet. He can and does, move the economic needle by his actions and his words. That's true, no matter what party he represents. One can argue how much effect he has, but he does have an effect.

    To think otherwise is naive, stupid, or both.

    “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
    • HoraceH Online
      HoraceH Online
      Horace
      wrote on last edited by
      #38

      It's a fine observation that people are biased politically and tend to see what they want to see. It is an unfortunate leap into disrespectful nonsense to go from there, to a relentless assumption that all opinions having to do with politics are vacuous tribal bias, based on nothing.

      Education is extremely important.

      Doctor PhibesD 1 Reply Last reply
      • HoraceH Horace

        It's a fine observation that people are biased politically and tend to see what they want to see. It is an unfortunate leap into disrespectful nonsense to go from there, to a relentless assumption that all opinions having to do with politics are vacuous tribal bias, based on nothing.

        Doctor PhibesD Offline
        Doctor PhibesD Offline
        Doctor Phibes
        wrote on last edited by Doctor Phibes
        #39

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

        disrespectful nonsense

        Disrespectful nonsense is what the people in HR refer to as one of my core skills.

        While you're busy saving the world from leftist pop culture, here I am, recklessly engaging in disrespectful nonsense!

        Oops, I just did it again, as Ms. Spears once said.

        I was only joking

        HoraceH 1 Reply Last reply
        • Doctor PhibesD Doctor Phibes

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

          disrespectful nonsense

          Disrespectful nonsense is what the people in HR refer to as one of my core skills.

          While you're busy saving the world from leftist pop culture, here I am, recklessly engaging in disrespectful nonsense!

          Oops, I just did it again, as Ms. Spears once said.

          HoraceH Online
          HoraceH Online
          Horace
          wrote on last edited by
          #40

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

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

          disrespectful nonsense

          Disrespectful nonsense is what the people in HR refer to as one of my core skills.

          While you're busy saving the world from leftist pop culture, here I am, recklessly engaging in disrespectful nonsense!

          Oops, I just did it again, as Ms. Spears once said.

          I’m happy to take conversations on a case by case basis. I think you will find that when I use ideas or words that trigger you, I am using them in a context beyond just using a hammer to treat every issue as a nail.

          Education is extremely important.

          1 Reply Last reply
          • 89th8 Offline
            89th8 Offline
            89th
            wrote on last edited by
            #41

            I sent my buddy (who works for Hershey's, which owns the Dots pretzels brand) the price of $7.19 for a bag of pretzels, which was like 4-5 bucks just a few months ago. I told him to cut it out.

            1 Reply Last reply
            • taiwan_girlT 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

              MikM Offline
              MikM Offline
              Mik
              wrote on last edited by
              #42

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

              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

              Doeesn't your butt get sore from sitting up on that pole so much? 😆

              “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
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #43

                @Mik 555 Sometimes it is tough to be the only sane voice in the crowd!!!! But I am willing to do the challenge!!

                @jolly Yup, you are right, we have talked about this quite a bit. I remember going back and forth with @Larry on this. He never answered my question, so I will ask you.

                What are your to five indicators of strength/weakness of the United States economy?

                growth?
                inflation?
                unemployment?
                interest rates?
                stock market return?
                job growth?
                trade balance?
                optimism?
                etc etc etc

                I am (semi LOL) confident that whatever five QUANTATIVE data point you pick, you will find that historical, there is not much difference between the times a Democrat and Republic were president. In fact, it may be that things actually go better under a Democrat president.

                If I am wrong and I am in Louisiana, i will buy you lunch! LOL

                Obviously, it is impossible to measure the QUALATIVE things. That is where I have said before that the President is like a cheerleader. He can sometimes help move things by optimism and force of personality.

                Just like why some sports teams do better under a certain coach vs. another even with the same players. Or certain military leaders have soldiers under them much more willing to do things.

                To beat the horse, I have never say that the president does not effect the US economy. Only that their role is not as much as people seem to believe.

                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #44

                  Moderate growth, low inflation, low unemployment with decent wages, reasonable interest rates and high optimism.

                  “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
                  • MikM Offline
                    MikM Offline
                    Mik
                    wrote on last edited by
                    #45

                    TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

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

                    AxtremusA taiwan_girlT 2 Replies Last reply
                    • MikM Mik

                      TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

                      AxtremusA Offline
                      AxtremusA Offline
                      Axtremus
                      wrote on last edited by
                      #46

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

                      … the prime mover of markets - confidence. …

                      Do you have an objective measure for “confidence”, or is it just your personal feeling?

                      JollyJ 1 Reply Last reply
                      • AxtremusA Axtremus

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

                        … the prime mover of markets - confidence. …

                        Do you have an objective measure for “confidence”, or is it just your personal feeling?

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #47

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

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

                        … the prime mover of markets - confidence. …

                        Do you have an objective measure for “confidence”, or is it just your personal feeling?

                        Jon might. But if you don't understand the concept, you don't understand people.

                        OTOH , we already knew that...

                        “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

                        Aqua LetiferA 1 Reply Last reply
                        • JollyJ Jolly

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

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

                          … the prime mover of markets - confidence. …

                          Do you have an objective measure for “confidence”, or is it just your personal feeling?

                          Jon might. But if you don't understand the concept, you don't understand people.

                          OTOH , we already knew that...

                          Aqua LetiferA Offline
                          Aqua LetiferA Offline
                          Aqua Letifer
                          wrote on last edited by
                          #48

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

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

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

                          … the prime mover of markets - confidence. …

                          Do you have an objective measure for “confidence”, or is it just your personal feeling?

                          Jon might. But if you don't understand the concept, you don't understand people.

                          OTOH , we already knew that...

                          I was gonna say, is that even up for debate?

                          Please love yourself.

                          1 Reply Last reply
                          • MikM Mik

                            TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

                            taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #49

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

                            TG, you discount the prime mover of markets - confidence. That is where the criticism of Biden comes in. He talks a strong economy and pro business, but his actions say otherwise.

                            I agree. That is where the "cheerleader" part comes in.

                            So, I believe that my original point still holds.

                            The Republics do not automatically have better economic "cheerleaders" then the Democrats (and opposite is true also).

                            So saying that economic life under a Democrat president is always going to be better/worse than if it were a Republic president doesn't work for me. Especially now - the US is a smaller and smaller part of the world economy and yet, the US economy is more woven into the world economy.

                            US 1990's - tremendous economic growth. President Clinton's credit? Probably not.

                            China goes to zero COVID and locks down their country ( and supply chains) and 2020 economy tumbles. President Trump fault? Absolutely not.

                            China remains in zero COVID with continued lock downs and supply chain disruptions. President Biden fault? Not really.

                            Russia invades Ukraine and causes that situation. President Biden fault? No. (I know some people will say that .....if only President Trump were in power, Putin never would have done that. I dont believe that, and it is impossible to prove a negative, so it is a discussion nobody can win.)

                            1 Reply Last reply
                            • JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #50

                              You may be selling it, but most of us ain't buyin'. In your worldview, the President makes no difference. If that be the case, we waste a lot of time and money on elections.

                              “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
                              • HoraceH Online
                                HoraceH Online
                                Horace
                                wrote on last edited by
                                #51

                                I think TG is more interested in establishing to herself that nobody is able to convince her that presidents have a large impact on the economy. It's not about convincing anybody else of anything.

                                Education is extremely important.

                                1 Reply Last reply
                                • taiwan_girlT Offline
                                  taiwan_girlT Offline
                                  taiwan_girl
                                  wrote on last edited by
                                  #52

                                  I guess I am like that guy that ran after windmills!! 555

                                  MikM 1 Reply Last reply
                                  • taiwan_girlT taiwan_girl

                                    I guess I am like that guy that ran after windmills!! 555

                                    MikM Offline
                                    MikM Offline
                                    Mik
                                    wrote on last edited by
                                    #53

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

                                    I guess I am like that guy that ran after windmills!! 555

                                    May I suggest a new avatar?

                                    B5F41775-BD51-4893-BA99-B90307EBC0B1.jpeg

                                    “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
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