Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin
Creative Title
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I blameBlazin for fucking up the market. It only when up when he was here posting everyday. Since he went off to play Green Acres shit has been in a tailspin.
But my house should be done in next month or so and I can get this market turned around for you guys.
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Tmac
Adventurer
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Mist
REEEEeyore
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People wanted a crash and a recession to bring down inflation, and you're still not happy!
Gas is still cheaper than it was during most of Bush's second term, adjusted for inflation.
GDP is fine.
Job market is great.
The rest of the world is way more fucked than we are.
Most of this downturn in the wider market is probably an overreaction, but a bunch of these tech stocks were just overhyped and way overvalued due to everyone being way too online for 2 years. Robinhood and bitcoins and apes and slurp juices are obvious warning signs that there was too much money chasing too not enough shit with actual value.
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Asshat wormie
2023 Asshat Award Winner
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Tmac
Adventurer
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Gravel
Mr. Poopybutthole
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Negative GDP, highest gas prices in history, low workforce participation, but I should be happy because it could be as bad as other countries?
I didn't want a stock market crash and recession to deal with inflation, I wanted the government to stop spending insane amounts of money so we wouldn't have inflation to begin with.
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Borzak
Bronze Baron of the Realm
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The old school definition of inflation was too many dollars chaing too few products.
Let's print trillions of dollars and put them into the economy at a time supply line issues are limiting some products.
What inflation? I think we covered that in the 6th grade in the 80s.
Let's print trillions of dollars and put them into the economy at a time supply line issues are limiting some products.
What inflation? I think we covered that in the 6th grade in the 80s.
Mist
REEEEeyore
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People were totally okay with the government spending insane amount of money and the president pressuring the Fed to keep interest rates near zero for the entirety of the previous presidency, pre-COVID.
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Mist
REEEEeyore
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You mean the phenomenon I called out 6 months ago?
Shit can go a lot lower still.
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Big Phoenix
Pronouns: zie/zhem/zer
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Mist
REEEEeyore
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Lejina
(╯°□°）╯︵ ┻━┻
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Would be great if you could give us an exact day of your return. Would be pretty clutch to perfectly time the bottom.
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Kithani
Blackwing Lair Raider
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I'm curious what your exit plan was, or did you expect the market to go up indefinitely?
Gravel
Mr. Poopybutthole
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Bullshit. You can go back in the Politics thread when Trump signed both omnibus bills and find tons of posts of people who like Trump but hated the decision.
I'm also not sure of anyone who's said interest rates near zero when the economy was booming was smart. I think the consensus was it'd come back to bite us in the ass when we didn't have any wiggle room.
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