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We are the 5 percenters!

Discussion in 'Political Opinions & Beliefs' started by TedintheShed, Jun 10, 2021.

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  1. TedintheShed

    TedintheShed Banned

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    https://www.washingtonpost.com/business/2021/06/10/inflation-cpi-may-prices/

    Highest raise since 2008 and the great recession. Terrible numbers. Doesn't include gas and food. The economy is dying.

    I hate to say I told you so, but...no I dont actually hate telling you. I told you so. Gonna go count my gold and silver now.
     
    Last edited: Jun 10, 2021
    TedintheShed, Jun 10, 2021
    #1
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  2. 61falcon

    61falcon Well-Known Member

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    Using a Washington Post or other publication that has a drop down demand for signing up a subscription is as good as nothing since only those with a subscription can read or even see it.
     
    61falcon, Jun 10, 2021
    #2
  3. Moonglow

    Moonglow Well-Known Member

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    If the economy was dying you'd not have anything to buy...
     
    Moonglow, Jun 10, 2021
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  4. Moonglow

    Moonglow Well-Known Member

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    Can't handle the pandemic crush, you should have been around for the decade long recession and hyper-inflation of Nixon to Reagan. They used to tell us to tighten that belt another notch 'cause it was gonna get tough...
     
    Last edited: Jun 10, 2021
    Moonglow, Jun 10, 2021
    #4
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  5. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    Did you miss the Carter years? Interest rates to buy a house were in the teens.
     
    Last edited: Jun 10, 2021
    Hoosier8, Jun 10, 2021
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  6. Moonglow

    Moonglow Well-Known Member

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    Yes, I made a lot of dough and had a blast. The Billy Beer sucked like Lone Star beer.

    Do you miss rotating days of even and odd for fuel? Rationing or price controls of Nixon and closing the window on gold and watching choppers being overloaded as Ford ordered everyone out of Saigon, remember watching the US lose a war as the tanks of the North Vietnamese came rolling in as we ran away? But you want to only look at Carter...
     
    Last edited: Jun 10, 2021
    Moonglow, Jun 10, 2021
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  7. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    You loved the interest rates to buy a house in the teens.
     
    Last edited: Jun 10, 2021
    Hoosier8, Jun 10, 2021
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  8. Pycckia

    Pycckia Well-Known Member

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    I was as poor as a church mouse and had a blast.
     
    Pycckia, Jun 10, 2021
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  9. Moonglow

    Moonglow Well-Known Member

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    Good for you, money is not everything. I just had to make cash to pay for college I had no help.
     
    Moonglow, Jun 10, 2021
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  10. Moonglow

    Moonglow Well-Known Member

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    I didn't buy a house until I got out of the army in 1986 and I hated the high interest during Reagan also..
     
    Last edited: Jun 10, 2021
    Moonglow, Jun 10, 2021
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  11. Darth Gravus

    Darth Gravus Banned

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    Looking at the year to year increase is more or less meaningless since we were in the middle of a pandemic in May of last year.

    The month to month was up .6%, which is not great but not terrible.
     
    Darth Gravus, Jun 10, 2021
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  12. Moonglow

    Moonglow Well-Known Member

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    Yes, especially when the elliptical is at the lower to higher end and not in retrograde, or continuous deflation.
     
    Moonglow, Jun 10, 2021
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  13. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    Carter's appointment of Paul Volcker and his resultant monetary policy was the best thing in Carter's term.
     
    Steady Pie, Jun 10, 2021
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  14. TedintheShed

    TedintheShed Banned

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    "Inflation is always and everywhere a monetary phenomenon."
    -Milton Friedman

    Keep printing money while I gather wealth.




     
    TedintheShed, Jun 10, 2021
    #14
  15. dairyair

    dairyair Well-Known Member

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    Economic recoveries is a dying economy to you?

    Do you know the DJI index nearly tripled since 2008 and that is bad by your standards?

    When exiting a recession, things tend to inflate as people spend and goods takes time to catch up.
     
    Last edited: Jun 10, 2021
    dairyair, Jun 10, 2021
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  16. dairyair

    dairyair Well-Known Member

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    And higher yet under Reagan.
     
    dairyair, Jun 10, 2021
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  17. Moonglow

    Moonglow Well-Known Member

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    And the bastard raised my income taxes with his tax cut.
     
    Moonglow, Jun 10, 2021
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  18. TedintheShed

    TedintheShed Banned

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    Lol...there's even a chicken wing shortage.
     
    TedintheShed, Jun 11, 2021
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  19. TedintheShed

    TedintheShed Banned

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    I was alive then.

    Better tighten your belt another notch...
     
    TedintheShed, Jun 11, 2021
    #19
  20. TedintheShed

    TedintheShed Banned

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    Dow Jones?

    :roflol::roflol::roflol:
     
    TedintheShed, Jun 11, 2021
    #20
  21. Moonglow

    Moonglow Well-Known Member

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    The restaurant chains hog them..I can remember when nobody wanted them
     
    Moonglow, Jun 11, 2021
    #21
  22. dairyair

    dairyair Well-Known Member

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    I understand the OP now.
    Rising markets are bad. Recessions are good.
    Thanks for clearing that up.

    :rock_slayer::rock_slayer::rock_slayer::rock_slayer::roflol::roflol::roflol::roflol::frustrated::frustrated::frustrated::frustrated::banana::banana::banana::banana::eyepopping::eyepopping::eyepopping::eyepopping:
     
    dairyair, Jun 11, 2021
    #22
  23. TedintheShed

    TedintheShed Banned

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    Cool. Me too. But that changed.

    Also...wood.

    And microchips...

    And houses ...

    And lots of other things...
     
    Last edited: Jun 11, 2021
    TedintheShed, Jun 11, 2021
    #23
  24. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    Nothing like the Carter admin, for gas prices too.
     
    Hoosier8, Jun 11, 2021
    #24
  25. ChiCowboy

    ChiCowboy Well-Known Member

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    Domestically, perhaps, but Carter's greatest achievement was the Camp David Accords.
     
    ChiCowboy, Jun 11, 2021
    #25
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