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Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
Reputation: 50679
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Quote:
Originally Posted by sholomar
It's called being conservative and responsible, as opposed to treating assets like a casino, and now unsurprisingly, average middle class people have to pay a larger percentage of their income towards housing than any generation prior.
QE and pumping up asset bubbles is the upper classes' version of welfare... giving welfare to the top and bottom to suck from the middle, which is exactly what has happened.
By comparison, are those Americans living in houses 2X the size of previous generations?
You have to factor in, that middle America grew up in houses that were 3/1 or 3/2, and much more modest than what middle America aspires to (read, insists on as a need).
Meanwhile, we are paying less for food and clothing than ever before - for those who are budget minded and are trying to purchase necessities.
What a great buying opportunity! If you missed out on the Biden era record increase in stocks because you let your hatred for America and desire to see her fail color your investment decisions, now you get another bite at the apple. Valuations will soar to new records in the coming months. Buy, buy, buy.
That’s what you claimed last year when the market was at its high. Anyone who listened to you lost their shirts. It’s so bad you refuse to post again in your own thread. Chicken??? Can’t face the music????
By comparison, are those Americans living in houses 2X the size of previous generations?
You have to factor in, that middle America grew up in houses that were 3/1 or 3/2, and much more modest than what middle America aspires to (read, insists on as a need).
Meanwhile, we are paying less for food and clothing than ever before - for those who are budget minded and are trying to purchase necessities.
Okay, now you are claiming food is now cheaper than ever.
Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
Reputation: 50679
Quote:
Originally Posted by Stephan A Smith
Okay, now you are claiming food is now cheaper than ever.
WOW! Just freaking Wow!
No, in the last 6 months food has hit inflation, that's very true.
Before this very recent inflation, food prices have gone down and down for decades.
In real dollars, what americans paid for food in the 20th century was much more than we pay now, for staple goods.
Luxury foods and eating out is a different story.
Edited to add:
Here's a graphic, from 2008, comparing food prices in the early 1900's through 2008. I had no idea, when I posted this, how INCREDIBLY dramatically food prices had fallen. 82%.
No, in the last 6 months food has hit inflation, that's very true.
Before this very recent inflation, food prices have gone down and down for decades.
In real dollars, what americans paid for food in the 20th century was much more than we pay now, for staple goods.
Luxury foods and eating out is a different story.
So...................................... what is your point?
We live in the present, not in the past, and are having to deal with PRICES TODAY. These prices are a direct result of reckless, idiotic democrat policy. If you deny that, just ask yourself why we have not had such inflation since the 1970s.
Our idiot in chief failed to understand that killing the energy industry, just at the same time he was flooding the markets with liquidity, would lead to uncontrolled inflation. I would expect every high school student to know this, but somehow it escaped the attention of our "leaders", who have created an impending disaster for the nation.
Democratic self inflicted recession. If Trump was still the President, there is no way we’d have our investments tanking like this, not to mention all the supply chain issues.
Also, Trump would’ve brokered a deal in Ukraine that everyone could’ve lived with which would’ve prevented thousands of deaths and the need to create sanctions which have tanked the economy even further.
The Democrats are absolutely incompetent. The only people who should be supporting this administration are poor people of color who like being pandered to, and rich liberal whites who are unaffected by inflation.
What a disaster.
It wasn't Trump's goal to destroy the country. Unfortunately it is Joeys. Biden is evil along with the rest of them telling Biden what to do.
Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
Reputation: 50679
Quote:
Originally Posted by hawkeye2009
So...................................... what is your point?
We live in the present, not in the past, and are having to deal with PRICES TODAY. These prices are a direct result of reckless, idiotic democrat policy. If you deny that, just ask yourself why we have not had such inflation since the 1970s.
Our idiot in chief failed to understand that killing the energy industry, just at the same time he was flooding the markets with liquidity, would lead to uncontrolled inflation. I would expect every high school student to know this, but somehow it escaped the attention of our "leaders", who have created an impending disaster for the nation.
My point is, I see things big picture.
It's common to hear people say "back in the 50's, a man could support a family of 5 on just his salary". The post I responded to said we are spending a greater percentage on housing than before.
Well yeah!! Look at our houses! And if we went back to living as sparely as we did in the 50's, a middle class man could support a family of 5 today.
If you're not interested in long term picture, and just only interested in discussing a slight downturn in the stock market, that was over-inflated, and moderate inflation on food and fuel, then maybe skip over the posts that address long term trends?
I'm just so tired of people belly aching about how hard everything is, and human beings have never had it so easy as we do right now.
So...................................... what is your point?
We live in the present, not in the past, and are having to deal with PRICES TODAY. These prices are a direct result of reckless, idiotic democrat policy. If you deny that, just ask yourself why we have not had such inflation since the 1970s.
Our idiot in chief failed to understand that killing the energy industry, just at the same time he was flooding the markets with liquidity, would lead to uncontrolled inflation. I would expect every high school student to know this, but somehow it escaped the attention of our "leaders", who have created an impending disaster for the nation.
The point is she is a die-hard Democrat and will make up whatever nonsense she has to in order to try to take the blame off Biden.
In the meantime, so many non binary LGBTQIA+[]{}#%^*_\|~<>€£¥ people of color are in real financial trouble now.
This is what people voted for and they are getting it good and hard.
Status:
"I don't understand. But I don't care, so it works out."
(set 11 days ago)
35,637 posts, read 17,989,189 times
Reputation: 50679
Quote:
Originally Posted by diddlydudette
It wasn't Trump's goal to destroy the country. Unfortunately it is Joeys. Biden is evil along with the rest of them telling Biden what to do.
If you believe that (and I've seen others who think Biden is trying to starve our babies on this forum) then there's no common ground with the mainstream, and no room for a discussion on solutions and strategies.
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