Market Watch

[rScotty]

The market is being boosted by all the printed money. GDP is expected to decrease next year which means lots of layoffs and well probably a recession. Despite what some think. The economy is not doing well.

Either that, or we finally got some competent people and gave them a few years to work on the problems. One or the other.

 

[CloverKnollFarms]

Job loss is baked into the cake with raising rates and tamping down inflation. It’s a direct result of taking money out of the economy. Don’t know if we will see a recession, stagnation… who knows. All levers will be pulled to make things look happy as the election approaches.

We are still at war on several fronts, even if they are proxy wars, and there is no exit plan or goal. Also, the national debt is running away.

 

[edgarrian]

Either that, or we finally got some competent people and gave them a few years to work on the problems. One or the other.

Competent on which side? Oil is almost in the 60 range with many predicting 100 for the winter. OPEC boosting those prices have fallen short and they weren't even thinking the worlds economy would slow down this quick. 2020 print money and give it to everyone. 2021 print more money and give it to everyone, 2022 print more money and give it to industries and well as 2023. 34 trillion in debt with an interest payment of 900 Billion. You can't keep a deficit at 2 trillion a year and expect nothing bad to happen. Is the economy doing ok right now. Maybe. Depends on ones outlook. Groceries haven't come down. Energy prices have not.

 

[edgarrian]

Please convince my wife!! At least 2 delivery trucks seem to show up every day here with something we desperately need.

But - don’t worry I’m told - it’s all on sale and she is saving me lots of money.

Ah yes... IM sure most of us can relate to this. Its funny my wife loves Kohls. She purchased a battery powered hand vacuum for 40% off. I always tell her that its BS what they do. Went to walmart and I took her down the isle with the vacs and found the exact same one for the same price she paid for it at kohls. Guesss what??? They didnt advertise 40% off

 

[Hay Dude]

Competent on which side? Oil is almost in the 60 range with many predicting 100 for the winter. OPEC boosting those prices have fallen short and they weren't even thinking the worlds economy would slow down this quick. 2020 print money and give it to everyone. 2021 print more money and give it to everyone, 2022 print more money and give it to industries and well as 2023. 34 trillion in debt with an interest payment of 900 Billion. You can't keep a deficit at 2 trillion a year and expect nothing bad to happen. Is the economy doing ok right now. Maybe. Depends on ones outlook. Groceries haven't come down. Energy prices have not.

The higher prices are now built-in.
They're here to stay.

 

[rScotty]

Competent on which side? Oil is almost in the 60 range with many predicting 100 for the winter. OPEC boosting those prices have fallen short and they weren't even thinking the worlds economy would slow down this quick. 2020 print money and give it to everyone. 2021 print more money and give it to everyone, 2022 print more money and give it to industries and well as 2023. 34 trillion in debt with an interest payment of 900 Billion. You can't keep a deficit at 2 trillion a year and expect nothing bad to happen. Is the economy doing ok right now. Maybe. Depends on ones outlook. Groceries haven't come down. Energy prices have not.

...It seems strange that something as simple as the economy turns out to be so difficult to predict, but give the financial world a shove in any direction and only half the predictions come true.

 

[Rdrcr]

I’m doing my part to help the economy…I continue to buy Scotch whether it is on sale or not.

Mike

 

[goeduck]

Please convince my wife!! At least 2 delivery trucks seem to show up every day here with something we desperately need.

But - don’t worry I’m told - it’s all on sale and she is saving me lots of money.

You must be married to my wife's sister.

 

[Hay Dude]

...It seems strange that something as simple as the economy turns out to be so difficult to predict, but give the financial world a shove in any direction and only half the predictions come true.

I had no trouble predicting the economy would be horrible starting in 2020 when the gov____ment started spending wildly. Thats when the inflation kicked in and then interest rates went up. Now everything costs a lot more and it’s here to stay.

The 1-2 punch that ruins the economy- government overspending is usually where it starts.

 

[rScotty]

I had no trouble predicting the economy would be horrible starting in 2020 when the gov____ment started spending wildly. Thats when the inflation kicked in and then interest rates went up. Now everything costs a lot more and it’s here to stay.

The 1-2 punch that ruins the economy- government overspending is usually where it starts.

Well, it's a national economy. That's an average over a lot of land and a lot of different types of businesses. Overall it is doing surprisingly well - investments and jobs are up, wages are up, and inflation is down. But that is looking at the whole country; it doesn't mean every area is experiencing the same thing.