Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Gym Rat on November 19, 2023, 03:26:08 AM
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... (Not sure why he has Libturdz only, Pubturdz helped)..
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Clinton the best president in my lifetime. ;D ;D ;D ;D
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... (Not sure why he has Libturdz only, Pubturdz helped)..
The average car is inflated because of the popularity of mid size SUVs.
Gas is not controlled by the government and Biden was part of the government that opened up fracking.
That rent though, stop letting foreigner buy properties, it's that simple.
Aside from rent a lot of this hysteria with inflation is not justified.
Russia is going to hell and same with China that's a massive global economic disruption.
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The scoop on inflation:
https://market-ticker.org/akcs-www?post=250117
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Inflation numbers are fraud because they’re predicated on the idea that prices can’t go down. Of course, this is ridiculous. Just consider how much computing power you have now compared to what you had 20 years ago. The normal trajectory of prices is towards deflation as producers get more efficient.
China going from an irrelevant economy to the second biggest in history was very deflationary. So central banks could get away with devaluing currencies without noticeable price increases. Now, that China has hit the wall, that game is over and the Fed has to raise rates otherwise risk a worldwide hyperinflation like what you see in Argentina.
Argentina 2023 inflation seen at 185% -cenbank poll | Reuters
https://www.reuters.com/markets/emerging/argentina-2023-inflation-seen-185-cenbank-poll-2023-11-13/
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Clinton the best president in my lifetime. ;D ;D ;D ;D
I liked him...
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... (Not sure why he has Libturdz only, Pubturdz helped)..
You are off by 100% if income was 31k and now it is 56k then they have gone up 82% not 182% but yeah as you can see expenses are outpacing incomes.
You can see in the charts inflation really picked up in 2021
https://www.in2013dollars.com/us/inflation/1993?amount=1
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You are off by 100% if income was 31k and now it is 56k then they have gone up 82% not 182% but yeah as you can see expenses are outpacing incomes.
You can see in the charts inflation really picked up in 2021
https://www.in2013dollars.com/us/inflation/1993?amount=1
I didnt create the meme, only posted it...
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You are off by 100% if income was 31k and now it is 56k then they have gone up 82% not 182% but yeah as you can see expenses are outpacing incomes.
You can see in the charts inflation really picked up in 2021
https://www.in2013dollars.com/us/inflation/1993?amount=1
Money printing to keep economy going during Covid.
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Clinton the best president in my lifetime. ;D ;D ;D ;D
Why am I not surprised, hahaha
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The average car is inflated because of the popularity of mid size SUVs.
Gas is not controlled by the government and Biden was part of the government that opened up fracking.
That rent though, stop letting foreigner buy properties, it's that simple.
Aside from rent a lot of this hysteria with inflation is not justified.
Russia is going to hell and same with China that's a massive global economic disruption.
Gas is controlled by the government, by regulating many aspects of production. Biden curtailed that. Trump back in means gas prices drop as production increases. All prices the. Go down as energy is cheaper. Simple.
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... (Not sure why he has Libturdz only, Pubturdz helped)..
so cost of goods,housing and services has about doubled , on average since the 90's, if you adjust those numbers for sallary. Sounds about right.
and if US wasn't reserve currency it would be even worse.
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I liked him...
larry pacifico is a big trump fan and he liked Clinton too. he said he wished Slick Willie would have gotten a third term.
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Gas is controlled by the government, by regulating many aspects of production. Biden curtailed that. Trump back in means gas prices drop as production increases. All prices the. Go down as energy is cheaper. Simple.
far enough to a point
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We just spent 29yrs below the target average. Technology advances brings higher quality of living standards. How much better off are we today than 1990?
We are now 2.5yrs into a 12yr inflationary period. The objective is to suck all money out of consumer spending classes and drive it into property in order to bail it out by driving prices higher.
Rates are inflationary. They drive wages. Higher rates cut construction. That creates shortages. Shortages creates higher prices. Higher prices in a high rate and high wage growth environment is how you monetise debt.
This is what a bailout looks like but unfortunately 99% thought it was receiving 1,500/mth cash from the govt which is wrong.
Aren’t property prices on the verge of cratering with mortgage rates almost 8% ? This drastically increases the payments and what people have to pay per month.
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We just spent 29yrs below the target average. Technology advances brings higher quality of living standards. How much better off are we today than 1990?
We are now 2.5yrs into a 12yr inflationary period. The objective is to suck all money out of consumer spending classes and drive it into property in order to bail it out by driving prices higher.
Rates are inflationary. They drive wages. Higher rates cut construction. That creates shortages. Shortages creates higher prices. Higher prices in a high rate and high wage growth environment is how you monetise debt.
This is what a bailout looks like but unfortunately 99% thought it was receiving 1,500/mth cash from the govt which is wrong.
Why not 11 years?
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Aren’t property prices on the verge of cratering with mortgage rates almost 8% ? This drastically increases the payments and what people have to pay per month.
We just had a -20% correction to property.
Higher rates reduce new construction. Lack of new construction creates and worsens shortages. Shortages drive up prices and Now Property is almost back to ATH or at ATH.
It’s a feedback loop where higher rates make shortages worse but it drives up wages which increases inflation and drives up prices.
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Why not 11 years?
Why not indeed. It might be 11-14yrs. I have NFI what it will be but it doesn’t really matter to be honest.
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The average car is inflated because of the popularity of mid size SUVs.
Gas is not controlled by the government and Biden was part of the government that opened up fracking.
That rent though, stop letting foreigner buy properties, it's that simple.
Aside from rent a lot of this hysteria with inflation is not justified.
Russia is going to hell and same with China that's a massive global economic disruption.
[/quote
Of course the price of gas is controlled by the government. They control the massive taxes on gas. They also control the pipe line and drilling permits. Democrats brag about the drilling permits they are handing out but it's on inaccessible land and they know it. Oil rises when the world wide market isn't threatened by the US's production of oil that Democrats are killing. Open the pipelines and give legit drilling permits in the US. Then watch the world wide prices drop as we become a net exporter again.
They are also closing EV battery mineral mining in the the largest area for it.
Yes inflation is out of control. Do you buy gas, food, goods, cars, houses and rent? Try to buy a new car today. Instead of dealers taking dollars off the sticker they are adding to it. Houses when they go to market cause a bidding war over asking price. Great for the seller but that seller has to buy another house at an inflated price. Mortgage rates are up too. GDP is slightly up but it's a joke compared to what it was. This is the result when Democrat electronically print money to pay for spending bills with a promise of making good on it. They can only pull that trick so many times before the dollar becomes devalued. Already countries that back their currency with the American dollar are threatening to pull out. Democrats are counting people coming back to work after covid as gaining jobs. The last job report said they added around 300k jobs. When you look at the stats it's 90K government jobs and most of the rest minimum wage or close to it. You spin stuff like the Democrat you are.
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We just had a -20% correction to property.
Higher rates reduce new construction. Lack of new construction creates and worsens shortages. Shortages drive up prices and Now Property is almost back to ATH or at ATH.
It’s a feedback loop where higher rates make shortages worse but it drives up wages which increases inflation and drives up prices.
Higher rates also curtail spending which should in some part off set the reduction in supply
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The only reason real estate hasn't crashed is that the debt is yet to be rolled over at higher rates
This can be extrapolated across the wider economy - CRE, corporate debt etc, all of which are insulated currently from higher rates
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larry pacifico is a big trump fan and he liked Clinton too. he said he wished Slick Willie would have gotten a third term.
I thought he was dead.
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Higher rates also curtail spending which should in some part off set the reduction in supply
This is where is starts to get a little messy.
In this environment, we see oversupply due to lack of volume. The first knee jerk reaction is to drop prices but this won't give us the volume required to hold up margins. So we end up with lowering volume driving higher prices as our margins cannot survive on low volume. It's very much a spiral where everything becomes inflationary in a feedback loop, higher prices, volume drops, shortages get worse = higher prices.
The only reason real estate hasn't crashed is that the debt is yet to be rolled over at higher rates
Which creates the shortage. Who wants to rollover a 3% mortgage to 8%+? Almost nobody. Hence you have a lack of sellers greater than the lack of buyers which is why prices have held up and have begun to move higher after the recent pullback.
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I thought he was dead.
no, he's alive and kicking. he trains other people in the fine art of powerlifting.
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no, he's alive and kicking. he trains other people in the fine art of powerlifting.
Good to hear. I know he's had multiple heart attacks.
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no, he's alive and kicking. he trains other people in the fine art of powerlifting.
Larrys got 9 lives...