2022 Financial Crisis: Inflation surging, Stock Market crumbling

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

  1. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Pork is going to happen whether you have big taxation, small taxation or the more likely appropriate middling taxation. It's going to happen whether you have taxation on the wealthy or the middle-class or some level of mix.

    In almost all cases the root cause of pork is because individual representatives are corrupt. When an item is attached to a bill that is genuinely needed that item is not pork.

    So a rehab center in the rural midwest is not pork. Lots of people were hooked in the opioid crisis and lots of them live in areas too poor to naturally fund a rehab center - often the reason that they wound up on opioids in the first place. Putting a rehab center there with state or federal funds is a good use of taxpayer money because who wants a bunch of dying addicts living in an area too poor to help them recover?

    However an item that adds funds to benefit local granaries in the same region, making them profit at the same level a casino would, on the theory that you need granaries and casinos have made them unattractive investments, is pure hogwash guaranteed to milk the taxpayer to put money in a very small percentage of already wealthy pockets.

    The answer is to stop supporting casinos with federal and state money - which just tilts the scale towards them and makes granaries an unattractive investment in the process.
     
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  2. FJF

    FJF 2018 MVP Joe Namath Award Winner

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    Yea, saw that yesterday, arm’s are back at a 14 year high. We’re not a learning species.
     
  3. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    Holy shit, for real?!? Explains alot..... system's designed to fail, making the rich, richer
     
  4. Dierking

    Dierking Well-Known Member

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    Yes, and if the supply of available money is limited, support for those kinds of things should get prioritized appropriately, right?

    I'm no free state libertarian nitwit who believes in no government. I'm just paying a lot in taxes for spending that needn't occur or could be deployed much more effectively. I get to complain about that. It's just politics.
     
  5. IDFjet

    IDFjet Well-Known Member

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    Eggs in Wisconsin are $4/dozen--an 8 oz. block of philly cream cheese is 3.50. Silver is down big--load up while you can imo.
     
  6. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    So the price of crude falls 2 days ago.... yesterday gas jumped to 4.49 here (The highest since the invasion)
     
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  7. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Food prices seem about where they should be in Connecticut. However I've gotten really good at shopping at several different markets over the last few years and my eye for cheap prices may be hiding the effects of inflation from me.

    Milk is up some and nobody discounts that so I see inflation at work there. Same with Gas.
     
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  8. Br4d

    Br4d 2018 Weeb Ewbank Award

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    This is because gas is priced based on what the local vendor paid for it, sometimes months ago if they have a futures contract with their distributor.

    You should see a drop as the local stations work through their inventory.

    In Connecticut the biggest single variable at the moment is where the gas originates. Gas that originates in Venezuela (Citgo) is always 5-10% cheaper than gas that comes up the pipeline from Texas and Louisiana and gets refined in New Jersey.
     
  9. stinkyB

    stinkyB 2009 Best Avatar Award Winner

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    That logic makes perfect sense in theory.... but considering a) they raise the price the second a barrel coming out of the ground goes up a dollar b) current increase isnt in scale with wholesale costs the past 2 month I think theyre all full of shit
     
  10. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    I’m not sure what you’re complaining about. At least Saudi Aramco is now the most valuable country in the world and Exxon keeps stacking record months and quarters.

    Are you saying gas should be more affordable for you just so Saudi Prince Alwaleed can’t buy another private jet with a throne and horse/camel stables onboard?

    No wonder everyone thinks Americans are selfish.

    [​IMG]
     
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  11. Dierking

    Dierking Well-Known Member

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    Living well is the best revenge.
     
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  12. bicketybam

    bicketybam Well-Known Member

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    November is going to be a bloodbath.
     
  13. typeOnegative13NY

    typeOnegative13NY Well-Known Member

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    And if they fail to fix it, 2024 will be a bloodbath
     
  14. IDFjet

    IDFjet Well-Known Member

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    Nice pic of Jimmy Page. Must be new cause I would have noticed before.
     
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  15. typeOnegative13NY

    typeOnegative13NY Well-Known Member

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    I think I had gilmour up before this
     
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  16. HomeoftheJets

    HomeoftheJets Well-Known Member

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    That Elon says things like this is a clue that he's more like Elizabeth Holmes than many believe:

     
  17. Ralebird

    Ralebird Well-Known Member

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    So how much faith do you have in Musk? I'd say the consensus of opinion is pretty low considering Twitter stock is now about nine dollars less than his tender offer. Spend five grand now gain about $900 when the deal closes around October. Or, he bails out and you're holding a bag full of question marks.
     
  18. barfolomew

    barfolomew Well-Known Member

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    Not really with redistricting, there are probably only about 25 competitive seats out of 435. If the dems get the right maps in their states then they may be able to keep control of the house.
     
  19. joe

    joe Well-Known Member

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  20. Acad23

    Acad23 Well-Known Member

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    Work dem mules... ;)
     

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