Biden now Surpasses Jimmy Carter as worst President ever in terms of handling Economy

Search

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
let's chart this...

1656681747490.png
 
Joined
Nov 8, 2012
Messages
11,539
Tokens
Just curious.

What was going on in 1962 and 1970 which caused the crash?

(dont feel like looking this up and its before my time. Just wanted to get educated on this. thx)
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
Just curious.

What was going on in 1962 and 1970 which caused the crash?

(dont feel like looking this up and its before my time. Just wanted to get educated on this. thx)
'62 was the famous "flash crash" when the market declined like 7% in one day but i don't know if there was a specific JFK policy that brought it on

Nixon pulled us off the gold standard in '71 so perhaps there were rumblings of that happening which led to the 1970 stocktastrophe?

I do know the '70 crash was particularly destructive to tech stocks much like the 2022 version but unlike the current market the '70 crash was all basically just one month. This week will make it something like 11 of 13 or 12 of 14 losing weeks....a very long, consistent slide and not a 1 day or 1 month disaster but a complete collapse not caused by panic selling. But when 80% of dollars in circulation have been printed in the past 18 months I guess we should have expected the unexpected

Historically the biggest crashes happen in Octobers so....
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
talk about setting record, woah. Even Dianne Feinstein wasn't alive for this one.

What this means is nothing is safe in Bidenomics. You can't hide out in bonds, your stocks have devalued more than any other time in your life, you can't park your money in the bank without inflationary decay, and even cryto is being bled dry.

10yr Treasuries recorded their worst H1 since 1788, just before George Washington became President.

The roughly 10% drop in 10-year Treasuries this year is the steepest since bond losses exceeded 25% in 1788, according to the GFD index cited by Deutsche Bank.

This makes most portfolios even weaker as investors traditionally have a 60/40 portfolio split between stocks and bonds.
 

Active member
Joined
Nov 23, 2011
Messages
104,298
Tokens
The stock market lost $8.5 trillion in the first six months of this year... inflation is over 10%... and government bonds are down 11%. So a big shout out to everyone who voted to build back better!
 

Active member
Joined
Nov 23, 2011
Messages
104,298
Tokens
Biden is not Carter 2.0 or Obama 2.0.

We've never seen anything quite this openly destructive before.
 

Member
Joined
Oct 29, 2021
Messages
1,637
Tokens
This is Obama though. Who do you think is running the show?

The Vegetable in Chief has nothing to do with anything going on
He is just a figure head, that is all
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
According to a 2022 survey of 700 CEOs, the top states for business were Texas, Florida, Tennessee, Arizona, and North Carolina. The worst were California, New York, Illinois, New Jersey, and Washington.

(I know there's a correlation here but just can't figure it out. hmm)

Texas has attracted 250 new corporate headquarters since 2015 (wow)
 
Joined
Nov 8, 2012
Messages
11,539
Tokens
According to a 2022 survey of 700 CEOs, the top states for business were Texas, Florida, Tennessee, Arizona, and North Carolina. The worst were California, New York, Illinois, New Jersey, and Washington.

(I know there's a correlation here but just can't figure it out. hmm)
Warm weather :)

Actually a lot of people from the Northeast were down in Florida these past 2 years. Since they were working remote, they could be anywhere. I had plenty of family members "visit mom and grandma", stay at their house, and worked remote.

Many northerners decided to sell their homes in the northeast and bought homes down here. Its sick monopoly money what homes down here are selling for. As cool as it is knowing what i could get for my house, i also want to puke that its going to cost at least 50% more if I wanted to buy a house after selling mine
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
more records set! inflation now jumps to 9.1% (!)

US inflation reached a new 40-year high in June of 9.1%​


Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6% jump in May. From May to June, prices rose 1.3%, another substantial rise, after prices had jumped 1% from April to May.
 
Joined
Sep 21, 2004
Messages
44,984
Tokens
I knew that scumbag pedo clown Biden would be detrimental to the economy, but this is fucking way worse than anyone
could have imagined.

Get this inept FUCK out of office.
 

Member
Joined
Apr 14, 2006
Messages
26,011
Tokens
19%

Lmao
 

Member
Joined
Oct 29, 2021
Messages
1,637
Tokens
more records set! inflation now jumps to 9.1% (!)

US inflation reached a new 40-year high in June of 9.1%​


Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6% jump in May. From May to June, prices rose 1.3%, another substantial rise, after prices had jumped 1% from April to May.
Let's all be totally honest about this inflation rate, it is not 9.1%
That is a fabricated, massaged lie...

The real inflation rate is somewhere between 15-20% when you use the "REAL" method
of figuring it out.
 

Member
Joined
Oct 29, 2021
Messages
1,637
Tokens
This is around what the "REAL" inflation rate is at now, not the made up 9.1% bullshit.

The costs for businesses to buy their supplies/goods keeps going up also, so this is not going to be slowing down anytime soon. Believe it was over 1% last report which means prices will be going higher for the consumer.

This is going to be a total shit show come the fall, literally people will not be buying anything that they do not need. Companies will be laying off and the unemployment rate is going to sky rocket.
Add in the real estate market is about to collapse, meaning business related to housing will be laying off
at minimum.

You will be seeing a lot of businesses going of out business within the next year or so.
Unemployment will be rising quickly as companies fight to stay alive by cutting their easiest cost, labor.

Things are going to be getting very, very ugly by the end of the year.
 

Member
Joined
Dec 27, 2011
Messages
4,313
Tokens
Let's all be totally honest about this inflation rate, it is not 9.1%
That is a fabricated, massaged lie...

The real inflation rate is somewhere between 15-20% when you use the "REAL" method
of figuring it out.

oh absolutely. any business owner will tell you its much higher at least 25 realiistically 30 percent or better
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
33,499
Tokens
This is around what the "REAL" inflation rate is at now, not the made up 9.1% bullshit.

The costs for businesses to buy their supplies/goods keeps going up also, so this is not going to be slowing down anytime soon. Believe it was over 1% last report which means prices will be going higher for the consumer.

This is going to be a total shit show come the fall, literally people will not be buying anything that they do not need. Companies will be laying off and the unemployment rate is going to sky rocket.
Add in the real estate market is about to collapse, meaning business related to housing will be laying off
at minimum.

You will be seeing a lot of businesses going of out business within the next year or so.
Unemployment will be rising quickly as companies fight to stay alive by cutting their easiest cost, labor.

Things are going to be getting very, very ugly by the end of the year.
yes of course and I've posted several times the site that shows how they USED TO calculate the inflation rate which is the only reason we're talking about worst inflation in 40 years. They don't calculate it the same as they did 40 years ago ... it's a government sleight of hand trick

the real # is 17.3%, a 75-year high

I N F L A T I O N - FLASH (July 14): The original Finished Goods - Producer Price Index Series, which goes back to 1948, hit its second highest annual inflation level in history, at 18.6% in June 2022, the strongest showing since the historical record-high 19.6% of November 1974, while the current Final-Demand Goods PPI-FD series (created in 2009) hit another all-time (13-year) high of 17.4% in June 2022, up from the prior 16.6% series record in May 2022.

• Combining both the current series Final-Demand Goods Sector inflation, and the methodologically impaired Final-Demand Services Sector inflation, which declines with rising gasoline prices, the aggregate Final-Demand Producer Price Index (PPI-FD) June 2022 year-to-year headline inflation rate of 11.3% notched higher against some upwardly revised recent history, but remained shy of the March 2022 record high for this limited-history PPI series (created in 2009) of 11.6%, despite respective, seasonally adjusted monthly gains in April, May and June of 0.4%, 0.9% and 1.1%.

• FLASH (July 13): June 2022 Annual headline CPI-U Inflation jumped to a 41-year high of 9.1%, up from 8.6% in May, while the June 2022 Annual ShadowStats Alternate “Corrected” CPI Inflation jumped to a new 75-Year high of 17.3%, from 16.8% in May, on top of resurgent energy prices.
 

Member
Joined
Apr 14, 2006
Messages
26,011
Tokens
19% approval - what an embarrassment
 

Forum statistics

Threads
1,118,651
Messages
13,558,062
Members
100,667
Latest member
amc8223
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com