2022 Financial Crisis: Inflation surging, Stock Market crumbling

Discussion in 'BS Forum' started by SOXXX2, May 10, 2022.

  1. Greenday4537

    Greenday4537 Well-Known Member

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    Question: If inflation is caused because people have more money...who are these people with more money? Cause I feel like 90% of us didn't gain a massive surge of wealth in the last year or so.
     
  2. Br4d

    Br4d 2018 Weeb Ewbank Award

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    This is why they call Economics the dismal science. The people who made out like bandits during the pandemic were *all* in the top 1% but since a lot of us got a few thou in "free" funds inflation is all on us.

    Riiiiiiighhhhttt...
     
  3. abyzmul

    abyzmul R.J. MacReady, 21018 Funniest Member Award Winner

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    Tech work is soulless and unrewarding for the most part. I'd probably be out of it myself if I wasn't past the point of no return. Never say never, though.
     
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  4. Greenday4537

    Greenday4537 Well-Known Member

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    It's what politicians want. Working man vs. working man while we ignore the uber rich sitting on their asses laughing at us on the way to the bank.
     
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  5. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    Eh sort of. Part of the problem if you’re selling any sort of physical goods is that there is such massive back orders and delays on things and most sales positions that sell goods pay on shipped goods not booked sales. Commissions get railroaded month to month.

    Lack of transparency is definitely an issue in commission based roles but a lot of sales people in the goods market are given a three to five month guarantee to ramp up their sales in.

    There’s so much competition right now in tech manufacturing and distribution for jobs. It’s wild.
     
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  6. Acad23

    Acad23 Well-Known Member

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    You mean they won't care about pregnant transvestites getting called by the wrong pronouns?
     
  7. CotcheryFan

    CotcheryFan 2018 ROTY Poster Award Winner

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    A vocal minority might.
     
  8. bicketybam

    bicketybam Well-Known Member

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    Yep [​IMG]
     
  9. Dierking

    Dierking Well-Known Member

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    Stock market seems to be reacting favorably to all the bad news this week. Fed rate hikes, GDP declining for two consecutive quarters, prices rising. Makes zero sense to me. Anyone explain this for me?
     
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  10. Br4d

    Br4d 2018 Weeb Ewbank Award

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    The baked in wisdom at this point is that inflation is already under control and the effect is lagging slightly as it often does. The rate hikes appear to be the last major hikes in the tightening. The Fed is likely to go back to .25 hikes if need be, although since the Fed is hiking based on inflation, if inflation actually recedes no more hikes.

    Does it make sense?

    Well from the market standpoint one of two things is true: either all of the above is true or the GOP gains a lot of seats in the mid-terms and prospective inflationary pressures from government spending recede as a result.

    My take is that a lot of the inflationary pressures have had little to do with overall government spending and a lot to do with energy prices as a result of Russia's Suicide Pact War in Ukraine. As the energy markets have slowly sorted that mess out inflation has surged and is now in the process of receding. This winter will put renewed inflationary pressures on things like natural gas which will be in shorter supply than normal. However the gasoline based inflationary pressures will be under control. Hard to call what that looks like in North America although it is likely to be persistent pressure in Europe.
     
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  11. FJF

    FJF 2018 MVP Joe Namath Award Winner

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    I haven’t put any money in lately. If you want something to dip just say the word and I’ll buy in.
     
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  12. HomeoftheJets

    HomeoftheJets Well-Known Member

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    Stock market thinks the Fed is going to stop raising rates.
     
  13. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    Yeah it has nothing to do with the trillions our government just spent over the past two years. :rolleyes:
     
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  14. Br4d

    Br4d 2018 Weeb Ewbank Award

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    When did the inflation start?

    Think shortages of basic components in manufacturing that resulted in too few goods being chased by everybody.

    Two part process: pandemic causes supply chain problems. Russia begins ramping up hostilities in Ukraine exacerbating the problem from both an energy and foodstuffs angle.

    You think of this as the Biden inflation but I'm pretty sure Putin has had more to do with it than any single other leader.
     
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  15. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    I don’t think of it solely as the Biden inflation. I think of it as the Washington DC inflation. They’re the ones that got the green light on March of 2020 to spend like lunatics and they generally all agreed on doing so.

    You’re also largely missing the fact that oil and energy relies on future contracts.

    But keep dismissing the trillions of dollars spent publicly and the trillions spent behind the scenes that the fed pumped in.
     
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  16. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    So you're saying giving "Covid unemployment relief" to millions of retired people collecting social security (who did not lose jobs, or were not going out to distribute new-found funds in society) and basically every business entity that applied for it (TB12 foundation ?!?) was a BAD idea?!?
     
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  17. FJF

    FJF 2018 MVP Joe Namath Award Winner

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    My favorite part of the money give away was the $5 mil they gave to the Kennedy center to keep them from laying off employees and they laid off all the employees almost immediately any way . Small potatoes in the scheme of things but still just made me laugh.
     
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  18. KingRoach

    KingRoach Well-Known Member

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    But they didn’t lay off all their employees…you should spend more time fact checking and less time laughing.
     
  19. Acad23

    Acad23 Well-Known Member

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    Yeah... not "all their employees"... just one thousand of them... keep laughing @FJF !

    The center also confirmed that while no staff had been fired, 279 full-time employees were furloughed and 725 part-time staff members, such as restaurant and parking staff, “are not working at this time due to the Center’s closure”.
     
  20. JackBower

    JackBower Well-Known Member

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    That and the battle for minimal oversight as to where the money these companies got went. I assume the larger corps went into stock buybacks... But I heard several stories of small business owners buying themselves new toys with the money they got from the government.
     
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