In the News II

Quote: kenarman

Quote: DRich

Quote: Tanko

How should he have handled it?

On inflation:

The war caused an initial spike in inflation due to the surge in energy costs, which have since come down. Commodity prices today, are substantially lower across the board, than they were months before the war began. Oil is $24 less per barrel than it was the day the war started.

'Contradicting Biden, Fed Reserve chairman says Ukraine war not primary inflation cause'

Inflation today is the result of government and Central Bank policy.

The war is probably less than 1% of the cause of inflation. Inflations main cause was all of the money given out during Covid.

The bigger error was that the Biden administration down played it by calling it transitory and people and business' believed the government and didn't take steps to protect themselves. Even the Fed was slow to start the interest rate increases. Did Biden down play inflation because of last years elections, nah what responsible President would ever do that.

Your Biden Derangement Syndrome is worsening.

The bigger error was not increasing interest rates back to a reasonable level in 2014, or 2015, or 2016, or 2017, or 2018, or ‘19…..so that they didn’t inevitably back themselves into nothing but bad options once the economy actually “needed” easy money.

Someone name Patrick Bet-David has offered Tucker Carlson 100 million to do something.

Don't need many police when the police discriminate.

We can self-regulate public safety based upon an honor system.

Plus, we can save money by not having to pay their salary and pensions.

With the folks we do arrest, go ahead and let them out and give them another chance.

As long as theft is minimal, let's say $1,000, don't bother arresting them.

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Nordstrom to close both Downtown San Francisco stores, company confirms

May 2, 2023
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The shuttering comes amid a slew of other announced retail closures in the area including Office Depot, The Container Store, Anthropologie and Saks Off 5th.
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https://abc7news.com/nordstrom-san-francisco-closing-westfield-mall-nordstroms-store-downtown-stores-union-square/13205127/

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This act is the kind of thing that happens often to financial professionals when they lose other's money during an economic downturn.

Except in this case, it looks like someone else was involved.

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27-year-old woman plunges to her death from roof of NYC hotel

May 3, 2023
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Cops said there was a dispute at the hotel before the woman’s death and took a man into custody.
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https://nypost.com/2023/05/03/woman-plunges-to-her-death-from-roof-of-nyc-hotel/

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Pretty funny stuff.

This one quote could get her a nomination for a Time Magazine cover or Nobel Peace Price, etc.

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May 2, 2023

“When it comes to illegal migration, you’ve seen it come down by more than 90%” under President Biden.

Karine Jean-Pierre

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Quote: rquiredusername

The bigger error was not increasing interest rates back to a reasonable level in 2014, or 2015, or 2016, or 2017, or 2018, or ‘19…..so that they didn’t inevitably back themselves into nothing but bad options once the economy actually “needed” easy money.

The rate of inflation was very low during those years. Averaging less than 2% annually between 2017 and 2020. There was no reason at all to raise interest rates and scuttle the booming economy.

How bad is the bank "crisis."

I'm not going to pretend that I can answer that. Don't think anybody else here can either. The issues are very complex.

But there is one thing for sure - the media has a bias towards negative news.

Very few will read a story indicating that big banks are performing par for the course.

They know people will pay attention if they use the word "crisis."

If the S&P 500 falls more than 2% in one day it will likely make the front page of at least the business section news and possibly the front page of the entire newspaper.

But if it rises more than 2% it will likely not make the front page of the business section news.

Today, on the front page of the New York Times and Fox News - the internet editions - there is no story about a bank "crisis."

If there really was a "crisis" do you think that would be the case.

I don't think so.



The big stock market players who pump tens of millions in and out are no doubt wired in to the banking situation.

The S&P fell 1.16% yesterday, a relatively small loss.

And it rose on 6 out of the 7 previous days.


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Quote: DoubleGold

“When it comes to illegal migration, you’ve seen it come down by more than 90%” under President Biden.- Karine Jean-Pierre

More than half the voters will believe that, and they are going to prove it in 2024.

NYC which has an annual budget that is higher than the budget for the entire state of Florida, is spending $4 billion annually on the illegals. Providing $400 a night hotel rooms plus unlimited food and medical care to them.

The money has to be taken from education, police, sanitation, libraries and other city services.

There are no jobs at all for them here.

The Mayor says it has 'destroyed the city'.

Democrat cities are sending them here. Even the democrat governor of Colorado is sending them here.

The inflow will explode beginning next week when Biden lets Trump's Title 42 to expire.

Biden is sending 1,500 troops to the border to speed the inflow.

'Mayor Lightfoot demands no more illegals be sent to her city, gets brilliant response'

Quote: Tanko

The rate of inflation was very low during those years. Averaging less than 2% annually between 2017 and 2020. There was no reason at all to raise interest rates and scuttle the booming economy.

It’s all been smoke and mirrors for at least 20 years now. It’s over.