Rants and Raves

[QUOTE=ComTech42;5676611]Does anyone remember when the two liberal assholes berated me about inflation, saying it was good and not a problem. Well gas jumped over 6% in November alone. They resorted to insults and name calling. Well seem I was right and they were full of nonesense.[/QUOTE]So, if inflation here is Biden's fault, why is inflation also spiking in Europe?

From The NY Times:

[QUOTE]"PARIS — The European Central Bank’s top task is to keep inflation at bay. But as the cost of everything from gas to food has soared to record highs, the bank’s employees are joining workers across Europe in demanding something rarely seen in recent years: a hefty wage increase.

“It seems like a paradox, but the E.C.B. isn’t protecting its own staff against inflation,” said Carlos Bowles, an economist at the central bank and vice president of IPSO, an employee trade union. Workers are pressing for a raise of at least 5 percent to keep up with a historic inflationary surge set off by the end of pandemic lockdowns. The bank says it won’t budge from a planned a 1.3 percent increase.

That simply won’t offset inflation’s pain, said Mr. Bowles, whose union represents 20 percent of the bank’s employees. “Workers shouldn’t have to take a hit when prices rise so much,” he said.
Inflation, relatively quiet for nearly a decade in Europe, has suddenly flared in labor contract talks as a run-up in prices that started in spring courses through the economy and everyday life.
From Spain to Sweden, workers and organized labor are increasingly demanding wages that keep up with inflation, which last month reached 4.90 percent, a record high for the eurozone.

Austrian metalworkers wrested a 3.6 percent pay raise for 2022. Irish employers said they expect to have to lift wages by at least 3 percent next year. Workers at Tesco supermarkets in Britain won a 5.5 percent raise after threatening to strike around Christmas. And in Germany, where the European Central Bank has its headquarters, the new government raised the minimum wage by a whopping 25 percent, to 12 euros (about $13.60) an hour. [/QUOTE]"There's lots more if you go to today's Times.

[QUOTE=AaronHamlet;5676609]You're 78 years old and suffer from preexisting conditions. You are in the highest risk group for China Virus fatalities. You're fully clot shotted and clot boosted and thought you were protected. Now you're learning you're not. Railing against the facts won't help you. It will only hurt by weakening your already frail immune system further. Data coming from northern states will soon show up in the southern states as temps drop. Be careful.

99% of 65+ senior citizens in Maine have had at least one clot shot. 63% have had 2 clot shots and clot booster. Yet hospitalizations of seniors in Maine for China virus are at record highs and are up 902% since July.[/QUOTE]How did you decide that Bullett is 78? Methinks he told me his age not too long ago, but it was no where near 78 years old.

I honestly can't believe why 'all are still going at it with each other.

[QUOTE=Niteluvr;5677413]How did you decide that Bullett is 78? Methinks he told me his age not too long ago, but it was no where near 78 years old.[/QUOTE]He posted it

[QUOTE=AaronHamlet;5677615]He posted it.[/QUOTE]Then quote it.

[QUOTE=NuGuy36;5677345]So, if inflation here is Biden's fault, why is inflation also spiking in Europe?

From The NY Times:

"There's lots more if you go to today's Times.[/QUOTE]Lots more propaganda from the print version of CNN, both of which are the mouthpieces of the anarchist ideologues of the Left and both of which lie with impunity. I'm saying this for the benefit of the common-sensers on this blog, not you. You proved which side you are on a long time ago. You will respond, of course, and I will allow you to believe that you got the last word so that you may feel all warm and fuzzy about yourself as you and others like you lead this country to hell.

[QUOTE=NuGuy36;5677345]So, if inflation here is Biden's fault, why is inflation also spiking in Europe?

From The NY Times:

"There's lots more if you go to today's Times.[/QUOTE]Inflation in the US is a reaction to Biden's money policies not European money policy. When Reagan took over from Carter inflation and interest rates went down almost over night.

[QUOTE=ComTech42;5677943]Inflation in the US is a reaction to Biden's money policies not European money policy. When Reagan took over from Carter inflation and interest rates went down almost over night.[/QUOTE]You're smoking something really good. Care to share? You need to read up on monetary policy and lag time.

I was selling real estate in 1988 and remember mortgages going for abot 17%. No. , interest rates did not drop almost overnight.

Here are some accomplishments:

1. Gas prices up over 30%.

2. My IRA grew -5% in the past month (yes, negative 5%.

3. I am getting a 5. 9% pay raise due to inflation instead of growth.

4. More COVID deaths in 2021 than in 2020.

Shall I continue?

[QUOTE=SgtLurker;5678121]Here are some accomplishments:

1. Gas prices up over 30%.

2. My IRA grew -5% in the past month (yes, negative 5%.

3. I am getting a 5. 9% pay raise due to inflation instead of growth.

4. More COVID deaths in 2021 than in 2020.

Shall I continue?[/QUOTE]I'm not a political person at all, I have no party.

But let me offer just some harmless opinions.

Gas prices are OPEC / supply and demand, not old Joe.

Your IRA is a whole lot of factors in the market, many independent companies, in several countries sometimes and even your fund manager, not Joe.

Your pay raise is an affair between your employer and you, in regards to your particular industry only, not Joe.

COVID deaths are higher but analysts say this is caused mainly due to the politicization of the pandemic. Not Joe.

Back when Donald was president I didn't blame everything on him and I don't blame everything on Joe either.

That would be a cop out. Its easy to blame the current mandatary for everything.

All leaders do good and bad things but they do not control everything.

It is also very easy and dangerous to fall into cognitive bias when you're purposely trying to find info to support your preexisting beliefs.

And before anyone snaps back at me please please please read the last statement carefully.

"It is also very easy and dangerous to fall into cognitive bias when you're purposely trying to find info to support your preexisting beliefs."

[QUOTE=SgtLurker;5678121]Here are some accomplishments:

1. Gas prices up over 30%.

2. My IRA grew -5% in the past month (yes, negative 5%.

3. I am getting a 5. 9% pay raise due to inflation instead of growth.

4. More COVID deaths in 2021 than in 2020.

Shall I continue?[/QUOTE]Ffs.

1. [URL]https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/[/URL].

2. Are you retiring next week? Funny how you don't mention how your IRA grew over the past 10 months.

3. Inflation is a global problem. Please read up on the lag between monetary policy and inflation.

4. Blame the stupid fucks for not getting vaccinated.

Please feel free to continue.

[QUOTE=RedneckStud;5678191]Ffs. [/QUOTE]

[QUOTE=RedneckStud;5678191]1. [URL]https://www.reuters.com/business/energy/halliburton-says-world-is-entering-period-oil-scarcity-2021-12-06/[/URL]. [/QUOTE]We WERE oil independent before Mighty Joe took over.

[QUOTE=RedneckStud;5678191]2. Are you retiring next week? Funny how you don't mention how your IRA grew over the past 10 months.[/QUOTE]I have been semi-retired for 4 years and now must start earning more $$.

[QUOTE=RedneckStud;5678191]3. Inflation is a global problem. Please read up on the lag between monetary policy and inflation.[/QUOTE]Weren't you the one who said the growth in the market under President Trump showed no bearing on his leadership? I have also divested into more international funds which have shown great growth.

[QUOTE=RedneckStud;5678191]4. Blame the stupid fucks for not getting vaccinated.[/QUOTE]Clot shot has nothing to do with it! It has a lot to do with stupid government overreach preaching a new form of discrimination and segregation! You have no less risk catching it from a person with the shots as you do those without the shots.

[QUOTE=RedneckStud;5678191]Please feel free to continue.[/QUOTE]My many years of service does entitle me to the 1st Amendment of speaking my mind.

[QUOTE=SgtLurker;5678121]Here are some accomplishments:

1. Gas prices up over 30%.

2. My IRA grew -5% in the past month (yes, negative 5%.

3. I am getting a 5. 9% pay raise due to inflation instead of growth.

4. More COVID deaths in 2021 than in 2020.

Shall I continue?[/QUOTE]

[QUOTE=RedneckStud;5678075]You're smoking something really good. Care to share? You need to read up on monetary policy and lag time.

I was selling real estate in 1988 and remember mortgages going for abot 17%. No. , interest rates did not drop almost overnight.[/QUOTE]Monetary policy hasn't changed in 12 years. What is this lag you tell others to read up on?

It did take years but Volker killed inflation by raising the Fed rate which led to the 15% mortgages. Latest CPI numbers came in highest in 30+ years when mort rates were only at 10%. PPI out today showed largest yoy increase in history. Imagine what 15% mortgage rate is going to do to this country.

Inflation is global because all central banks in developed countries are keeping rates artificially low and monetizing debt. Biden's fiscal policy is making it worse and it's going to get worse. $2.5 trillion to Build Back Better? PPI highest on record? But Orangeman sent mean tweets

[QUOTE=SgtLurker;5678121]My IRA grew -5% in the past month (yes, negative 5%.[/QUOTE]Mine went down by 1.5% in November but also increased by 5% (4. 98% to be exact) in October. YTD I am at +13.9% which isn't anything to sneeze at and pretty much covers the Biden administration. A couple of thoughts: 1) Are only the bad things that happen be attributed to the current administration or do they get get credit for the positive ones as well? 2) Have you considered that your investment strategy may be a bit on the aggressive side? Maybe consider some down-market protection. 3) Or, like another prominent fear-monger here, are you only interested in those data points that support your preconceived notions, ignoring those that do not?

[QUOTE=AaronHamlet;5678336]Monetary policy hasn't changed in 12 years. What is this lag you tell others to read up on?

It did take years but Volker killed inflation by raising the Fed rate which led to the 15% mortgages. Latest CPI numbers came in highest in 30+ years when mort rates were only at 10%. PPI out today showed largest yoy increase in history. Imagine what 15% mortgage rate is going to do to this country.

Inflation is global because all central banks in developed countries are keeping rates artificially low and monetizing debt. Biden's fiscal policy is making it worse and it's going to get worse. $2.5 trillion to Build Back Better? PPI highest on record? But Orangeman sent mean tweets[/QUOTE]Trump spent as much as Obama in half the time.