Politics and Religion

More good news: all three market indices broke earlier record!! Hey MAGA s what say you?
gentleguy1020 38 Reviews 375 reads
posted
1 / 16

Don’t trust my 401 balance? It will be real funny if Dow crosses 40K by November… 😂

BigPapasan 3 Reviews 48 reads
posted
2 / 16

Trump said it at the final debate with Biden before the 2020 election.  I would say Trump is no Nostradamus but 3rd grade righties wouldn't know who I was talking about (let alone know how to spell it).

 
What I will say is that Trump is Nostra-dumbass.  ROFLMAO!

LostSon 43 Reviews 60 reads
posted
4 / 16

Posted By: gentleguy1020

Don’t trust my 401 balance? It will be real funny if Dow crosses 40K by November… 😂
We say your completely out of touch with reality OR…. Completely full of shit and a political hack.

lester_prairie 12 Reviews 46 reads
posted
5 / 16

The DJIA was 35,911 two years ago.  The DJIA on Jan 18th this year was 37,468.  That's an increase over two years of 4.3%. The rate of inflation in the last two years was 6.5% and 3.4%, which gives a cumulative inflation rate of 9.6% over two years. So that's a net loss of 5.3% value to the DJIA over the lasts two years.  Good job Biden!!

impposter 49 Reviews 122 reads
posted
6 / 16

Trump's last day in office was THREE years ago, not TWO years ago.
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http://www.investing.com/indices/us-30-historical-data
Dow Jones Industrial Average Historical Data
DATE                Price               Open              High                Low                Volume
01/19/2021 30,930.52 30,887.42 31,086.62 30,865.03 387.75M TRUMP
01/19/2022 35,028.65 35,412.30 35,547.83 35,015.49 393.08M BIDEN
01/19/2023 33,044.56 33,171.35 33,227.49 32,982.05 321.33M BIDEN
01/19/2024 37,863.60 37,611.50 37,926.50 37,451.71 362.99M BIDEN
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"That's an increase oover three years of 37468 / 30930 = 1.21 = 21% ."
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According the BLS Inflation calculator https://www.bls.gov/data/inflation_calculator.htm ,
the inflation rate from Jan 2021 to Jan 2024 was 17.7%. The DJIA BEAT the inflation rate by 3.3%. Everybody, except Trump, wishes the numbers were better (higher gains, lower inflation) but it is certainly NOT A NET LOSS since Trump left office.

Posted By: lester_prairie
Re: Inflation anyone?
The DJIA was 35,911 two years ago.  The DJIA on Jan 18th this year was 37,468.  That's an increase over two years of 4.3%. The rate of inflation in the last two years was 6.5% and 3.4%, which gives a cumulative inflation rate of 9.6% over two years. So that's a net loss of 5.3% value to the DJIA over the lasts two years.  Good job Biden!!

lester_prairie 12 Reviews 68 reads
posted
7 / 16

The above is a non-denial denial of the fact that the DJIA has lost 5% of it's value in the last two years of the Biden economy.

BigPapasan 3 Reviews 64 reads
posted
8 / 16

he fucked up because Trump left office three years ago, not two.  What can't be denied is that Lesser is a dummy.

cks175 44 Reviews 43 reads
posted
9 / 16
lester_prairie 12 Reviews 48 reads
posted
10 / 16

And yet in the most recent last two years of the Biden economy, it remains undenied that the DJIA lost 5% of it's value.

lester_prairie 12 Reviews 39 reads
posted
11 / 16

I just did the math above and showed that the DJIA lost 5% of it's value in the last two years.  You can see the Biden cheerleaders go nuts above. Hilarious. They don't have a comeback to explain the last two years. Haha.

LostSon 43 Reviews 69 reads
posted
12 / 16

That the dem leadership can piss all over this country tell everyone is happy rain from heaven and the dem faithful will clap with glee and then run around in it just as HAPPY as they can be?  

Hummmm 🤔 tell me why that is?  

Oh wait I know it's a combination of koolaide swilling and TDS all fed to them by the lame stream media.

Look boys go walk around whatever city you live in and ask people that are working class Americans how they are doing and the answers will stand your hair on end!

lester_prairie 12 Reviews 41 reads
posted
13 / 16

It's indisputable, as I point out, that the DJIA has declined 5% in value in the last two years under Biden.  But inflation is a bipartisan evil.  If only "progressives" could see how cynically their political elites saddle the working poor with inflation by all their deficit spending.  So many retirement plans are invested in the market -- that money, the decline in value, even as the stock prices "apparently" go up, but in reality decline in value due to the robbery of inflation, is pure and simple robbery of the average American citizen trying to provide for their retirement years.  Not to mention the declining value of any cash holdings or bank savings.
.
Instead we get brain dead explanations from them that inflation is "wages chasing prices" the shit explanation they got in junior high civics class, rather than the actual government/federal reserve policy to set inflation rates for domestic policy -- i.e. rob the citizens in a convoluted way and then hand out juicy funds to various sectors in exchange for votes.
.
And don't even get me started on how taxing corporations is a direct tax on the working poor in the prices they have to pay when those taxes are passed on to the poor in the price of the goods and services.  It taxes the poor at the  same rate as the rich.  Progressives would call it a regressive tax if they only understood the simplest economics.
.
But they are so defensive of their ideological fantasies that they actively ignore basic economic truths.  But in the end it is more important that they feel virtuous and good about themselves than to understand that their "leaders" are enriching themselves and their club members at the expense of the poorest people in the nation,

impposter 49 Reviews 61 reads
posted
14 / 16

Please see my reply to your other post about inflation and money supply M2:
http://www.theeroticreview.com/discussion-boards/politics-and-religion-39/re-said-no-economist-ever-437749
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M2 grew by 46% under 4 years of Trump.
M2 grew by 7% under 3 years of Biden.
.
http://www.tradingview.com/symbols/ECONOMICS-USM2/
DATE         M2 ($T)   Note:
Jan 2017   13.231   Trump enters office
Jan 2021   19.356   Trump leaves office
M2 increased by (19.356/13.231 = 1.462) 46.2% under Trump.
.
Jan 2021   19.356   Biden enters office
Jan 2024   20.767   Biden 3rd year in office  
         (the official 20.767 data is out for Nov 2023 but I am calling it "Jan 2024" to keep to the Jan-Jan dates.)
         (since M2 is currently contracting, the actual values for Jan 2024 and the net growth is probably lower.)
M2 increased by (20.767 / 19.356 = 1.072) 7.2% during Biden's 3 years.  

Posted By: lester_prairie
Re: Inflation is a bipartisan evil
It's indisputable, as I point out, that the DJIA has declined 5% in value in the last two years under Biden.  But inflation is a bipartisan evil.  If only "progressives" could see how cynically their political elites saddle the working poor with inflation by all their deficit spending.
Did you mean "Trump saddled them with inflation by all his deficit spending."?
So many retirement plans are invested in the market -- that money, the decline in value, even as the stock prices "apparently" go up, but in reality decline in value due to the robbery of inflation, is pure and simple robbery of the average American citizen trying to provide for their retirement years.  Not to mention the declining value of any cash holdings or bank savings.
But you said inflation is caused by expansion of the money supply (to pay for such spending). M2 expanded by 46% under Trump; only 7% under Biden.
Instead we get brain dead explanations from them that inflation is "wages chasing prices" the shit explanation they got in junior high civics class, rather than the actual government/federal reserve policy to set inflation rates for domestic policy -- i.e. rob the citizens in a convoluted way and then hand out juicy funds to various sectors in exchange for votes.  
 .  
 And don't even get me started on how taxing corporations is a direct tax on the working poor in the prices they have to pay when those taxes are passed on to the poor in the price of the goods and services.  It taxes the poor at the  same rate as the rich.  Progressives would call it a regressive tax if they only understood the simplest economics.  
 .  
 But they are so defensive of their ideological fantasies that they actively ignore basic economic truths.  But in the end it is more important that they feel virtuous and good about themselves than to understand that their "leaders" are enriching themselves and their club members at the expense of the poorest people in the nation,
EDIT: I fixed the messed up quote delineators.

-- Modified on 1/20/2024 9:53:18 PM

lester_prairie 12 Reviews 44 reads
posted
15 / 16

Bipartisan evil.  Deficit spending is evil.  Doesn't matter which party is behind it (well, the uniparty.)  If you cared about the poor or middle class you would vote against people who enable deficit spending.  They are robbers of the wealth of citizens just trying to stay alive.

impposter 49 Reviews 81 reads
posted
16 / 16

You can slide around your beginning and start dates as much as you want and find the worst performing brackets. Would you do the same for Trump and find HIS worst performing fractional part of his time in office?

Posted By: lester_prairie
Re: Lesser's post is a non-denial denial that...
And yet in the most recent last two years of the Biden economy, it remains undenied that the DJIA lost 5% of it's value.

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