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I believe that Warren Buffet said it best, I paraphrase. If the GDP is 3%or more, the entire House and Senate are not eligible for reelection.
In my opinion, they should all be paid less and should pay for the same insurance as everyday citizens.
If any member gets even a penny from any special interest group or lobbyists, they are removed immediately.
If any member has stocks and/or bonds before they take office, it should be left there or can be sold. After taking their oaths, they can not bu...
In my opinion, they should all be paid less and should pay for the same insurance as everyday citizens.
If any member gets even a penny from any special interest group or lobbyists, they are removed immediately.
If any member has stocks and/or bonds before they take office, it should be left there or can be sold. After taking their oaths, they can not bu...
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liars cant hide anymore
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While many experts believe that inflation will naturally subside, the similarities between current events and those of the 1970s indicate that we may be in for a prolonged period of inflation.
$Bank of America(BAC.US$'s Hartnett believes that the 2020s will be a period of inflation and rising interest rates. He cites three reasons for this trend.
US Fiscal Policy
Hartnett said despite a 40% surge in nominal GDP, th...
$Bank of America(BAC.US$'s Hartnett believes that the 2020s will be a period of inflation and rising interest rates. He cites three reasons for this trend.
US Fiscal Policy
Hartnett said despite a 40% surge in nominal GDP, th...
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$Apple(AAPL.US$ will announce a product launch event on September 12th at 10:00 AM Pacific Time. The event will likely feature the highly anticipated release of iPhone 15.
According to Barron's, Apple is expected to raise the prices of its Pro models from the levels of the iPhone 14.
However, some analysts predict that the new model may be considered a bargain, as it is expected to cost just $70 more than the original 2007 iPhone when adjuste...
According to Barron's, Apple is expected to raise the prices of its Pro models from the levels of the iPhone 14.
However, some analysts predict that the new model may be considered a bargain, as it is expected to cost just $70 more than the original 2007 iPhone when adjuste...
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The Fed Since 2021:
- Jan. 2021: Inflation is transitory, recession won’t happen
- May 2021: Recession is unlikely
- Dec. 2021: Inflation is not transitory, but recession won’t happen
- May 2022: Recession may be needed to lower inflation
- Dec. 2022: Disinflation started, no recession
- NOW: “Mild recession” to begin in 2023
Is “mild recession” the new “inflation is transitory?” $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
- Jan. 2021: Inflation is transitory, recession won’t happen
- May 2021: Recession is unlikely
- Dec. 2021: Inflation is not transitory, but recession won’t happen
- May 2022: Recession may be needed to lower inflation
- Dec. 2022: Disinflation started, no recession
- NOW: “Mild recession” to begin in 2023
Is “mild recession” the new “inflation is transitory?” $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
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Let me give an extreme example. A pizza is priced at $10 two years ago. One year later, it is priced at $1000. The yoy inflation is ~10000%. Another year later, the price drops to $990. The yoy inflation is -1%.
According to Fed, it is a total victory. Inflation is under control. Everything is back to normal, nothing to worry about.
But is it really? Can you now afford $990 pizza just because inflation is negative.
By Fed's prediction that inflation rate goes b...
According to Fed, it is a total victory. Inflation is under control. Everything is back to normal, nothing to worry about.
But is it really? Can you now afford $990 pizza just because inflation is negative.
By Fed's prediction that inflation rate goes b...
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Throwback Tuesday when Nancy would’ve already read JPow’s speech and position accordingly.
$SPDR S&P 500 ETF(SPY.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Invesco QQQ Trust(QQQ.US$
$SPDR S&P 500 ETF(SPY.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Invesco QQQ Trust(QQQ.US$
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