It's the economy, stupid

[bwframe]

Stocks fall on tech slide, as oil hits highest level since 2014 - Indianapolis Business Journal

Investors are increasingly worried about inflation as oil prices rise and companies continue facing supply problems that increase their costs and force them to raise prices.

www.ibj.com

Stocks, dollar ease on growth, inflation concerns

The dollar eased and a gauge of global equity markets fell on Monday as investors worried about the potential for renewed U.S.-China trade tensions, stalled talks in Congress and rising inflation as oil prices surged to multi-year highs.

www.reuters.com

A key measure of inflation surged to a new 30-year high

A key measure of inflation hit a new 30-year high in August, the Bureau of Economic Analysis reported Friday.

www.cnn.com

 

[rooster]

14 days until collapse

 

[bwframe]

Facebook/WhatsApp/Instagram hacked

Im seeing reports on Twitter(unconfirmed) that Facebook isn’t just down, it’s gone like someone deleted huge chunks of the code and data I'm not seeing a downside.

www.indianagunowners.com

 

[jsharmon7]

McDonald’s is paying $15-$16 an hour. They have handed out money for the past 18 months like Monopoly money. The debt ceiling issue is undecided. China is facing some issues. Is anyone surprised that inflation is becoming a problem?

 

[2in1evtime]

Stocks fall on tech slide, as oil hits highest level since 2014 - Indianapolis Business Journal

Investors are increasingly worried about inflation as oil prices rise and companies continue facing supply problems that increase their costs and force them to raise prices.

www.ibj.com

Stocks, dollar ease on growth, inflation concerns

The dollar eased and a gauge of global equity markets fell on Monday as investors worried about the potential for renewed U.S.-China trade tensions, stalled talks in Congress and rising inflation as oil prices surged to multi-year highs.

www.reuters.com

A key measure of inflation surged to a new 30-year high

A key measure of inflation hit a new 30-year high in August, the Bureau of Economic Analysis reported Friday.

www.cnn.com

AND SOME VOTED FOR THIS!!!!!!!!!!!!!!

 

[JettaKnight]

AND SOME VOTED FOR THIS!!!!!!!!!!!!!!

Are there still some people that think the president really has that much influence?

 

[cburnworth]

And these people(government/fed) are supposed to be smart! I would have to say everything they are doing is intentional!

 

[rosejm]

I would have to say everything they are doing is intentional!

They work for the government. They're not THAT good at their jobs...

 

[DoggyDaddy]

Are there still some people that think the president really has that much influence?

His and his party's policies certainly do. When you create an environment that heavily regulates businesses and stifles growth, it can absolutely have a negative influence.

 

[Alpo]

His and his party's policies certainly do. When you create an environment that heavily regulates businesses and stifles growth, it can absolutely have a negative influence.

Possibly...but when has that happened?

10 million job openings and a bunch of people too lazy to work. Supply chain disruption is a large driver of higher consumer prices. Infrastructure spending is being held hostage by the communist wing of the democrat party. Housing prices are skyrocketing but expecting to fall back.

And....stocks have been overbought for a year, possibly two.

 

[2in1evtime]

His and his party's policies certainly do. When you create an environment that heavily regulates businesses and stifles growth, it can absolutely have a negative influence.

What is said above, and open borders , immigrants that are being fed and housed on our tax dollars, shutting down pipelines then begging opec for more oil? list can go on and on.

 

[DoggyDaddy]

Possibly...but when has that happened?

10 million job openings and a bunch of people too lazy to work. Supply chain disruption is a large driver of higher consumer prices. Infrastructure spending is being held hostage by the communist wing of the democrat party. Housing prices are skyrocketing but expecting to fall back.

And....stocks have been overbought for a year, possibly two.

Yep, when you shut down the country (supply chain disruptions), pay people extra to stay home (10 million unfilled jobs), encourage inflationary practices (printing money non-stop), and propose huge unfunded 3.5 trillion dollar "infrastructure (yeah right) programs", disrupt oil supply (pipeline shutdown), etc., it makes businesses nervous.

 

[bwframe]

Little over half the country seen this coming.

Who knows how bad it will actually get, before we can take it back?

 

[Alpo]

Yep, when you shut down the country (supply chain disruptions), pay people extra to stay home (10 million unfilled jobs), encourage inflationary practices (printing money non-stop), and propose huge unfunded 3.5 trillion dollar "infrastructure (yeah right) programs", disrupt oil supply (pipeline shutdown), etc., it makes businesses nervous.

It didn't start on Jan 20, 2021 amigo.

I assume you are referring to the Colonial ransomware attack? Sleepy Joe didn't do that. MANAGEMENT did that.

 

[DoggyDaddy]

It didn't start on Jan 20, 2021 amigo.

Agreed. Never said it did, not all of it anyhow. The question was whether or not a president can have that much influence. It's not just on the president. But the group in power now is certainly exacerbating it.

 

[Alpo]

Yeah. We appear to be in 20/20 hindsight mode on the pandemic. I remember someone on this site wanting to start putting ventilators together in his barn because we all expected a shortage. That was at the beginning. We are all a lot wiser now...more or less.

Believe me, I don't want to see the social spending legislation passed. At least not the majority of it. And people who refer to themselves as "they" and #BLM and antifa and hulabros can kiss my wrinkled old ass.

 

[DoggyDaddy]

Yeah. We appear to be in 20/20 hindsight mode on the pandemic. I remember someone on this site wanting to start putting ventilators together in his barn because we all expected a shortage. That was at the beginning. We are all a lot wiser now...more or less.

Believe me, I don't want to see the social spending legislation passed. At least the majority of it. And people who refer to themselves as "they" and #BLM and antifa and hulabros can kiss my wrinkled old ass.

Regarding the "infrastructure bill", anything that doesn't mention "roads", "bridges" or "power grid" should be struck from the bill, period. These omnibus bills have always been a problem, no matter who promotes them. I think there are a lot of congress critters with ADHD that can't seem to stay on topic.

 

[Alpo]

Regarding the "infrastructure bill", anything that doesn't mention "roads", "bridges" or "power grid" should be struck from the bill, period.

I think internet expansion is in there too. Not that any of us really know what is in it, including most of Congress.

 

[DoggyDaddy]

I think internet expansion is in there too. Not that any of us really know what is in it, including most of Congress.

The internet is plenty big. Maybe cutting it back might be an improvement. Do you really need your toaster and fridge connected to the 'net?

 

[Alpo]

The internet is plenty big. Maybe cutting it back might be an improvement. Do you really need your toaster and fridge connected to the 'net?

I think the direction was to improve internet infrastructure in rural communities. Personally, I prefer landlines to Elon polluting space.

But, yeah, if the Book of Faces never returns, I wouldn't miss it. Except for those guys in Bengladesh who rebuild electric motors and cricket bats.