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Author Topic: Bear Pit: now the sole domicile of politics at LuLa  (Read 466315 times)

Peter McLennan

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13760 on: January 24, 2022, 04:31:29 pm »

Only the Fed can expand the money supply.  That causes a devaluation of the currency and costs of things to rise if production doesn't expand comparatively, which it didn't.  In fact, due to Covid, production went down making it worse as the government shut down the economy. 

If the congress and president didn't dump all that extra money into the economy, demand would have gone down and prices would have been more stable.

More horse poo. Stop it.  It's getting stinky in here. 

Prices went up due to increased demand and decreased supply, as so often lecture us.  Blame Covid, not your president.

Inflation is world-wide, not just in the USA.  I'm not blaming Biden because avocados are a over a dollar each here in western Canada.

You can't blame everything you don't like on Biden.  That's just ignorant partisan schoolboy arguing.
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Alan Klein

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13761 on: January 24, 2022, 04:35:32 pm »

More horse poo. Stop it.  It's getting stinky in here. 

Prices went up due to increased demand and decreased supply, as so often lecture us.  Blame Covid, not your president.

Inflation is world-wide, not just in the USA.  I'm not blaming Biden because avocados are a over a dollar each here in western Canada.

You can't blame everything you don't like on Biden.  That's just ignorant partisan schoolboy arguing.
Presidents always get blamed for a bad economy,  It's why Republican Bush lost re-election and Democrat Obama won in 2008 during the last economic crisis.  Did Trump lose because of a bad economy and Covid?  Probably.  But the voters blame the president.  It's hard to vote the Chinese out of office. 

Alan Klein

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13762 on: January 24, 2022, 05:07:15 pm »

Looks like Canadians blame their leaders for inflation just like in America.

Canada: Three-decade high inflation hits Justin Trudeau’s popularity
Just four months after his Liberal Party returned to power in Canada after mid-term elections in September, Prime Minister Justin Trudeau’s popularity is taking a battering due to high levels of inflation.

The government’s data agency, Statistics Canada has reported that the consumer price index for December was at 4.8%, the highest point it has reached in three decades.

https://www.hindustantimes.com/world-news/canada-three-decade-high-inflation-hits-justin-trudeau-s-popularity-101642920357557.html

digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13763 on: January 24, 2022, 05:41:40 pm »

The food prices are rising and the stock prices are dropping.
Updated Jan. 24, 2022 5:22 pm ET
The Stock Market Just Staged a Massive Comeback From the Brink of Collapse
Ask Alan if Biden is the reason.
Ask Alan anything if you want a silly reply.
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LesPalenik

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13764 on: January 24, 2022, 05:55:51 pm »

Looks like Canadians blame their leaders for inflation just like in America.

Canada: Three-decade high inflation hits Justin Trudeau’s popularity
Just four months after his Liberal Party returned to power in Canada after mid-term elections in September, Prime Minister Justin Trudeau’s popularity is taking a battering due to high levels of inflation.

The government’s data agency, Statistics Canada has reported that the consumer price index for December was at 4.8%, the highest point it has reached in three decades.

https://www.hindustantimes.com/world-news/canada-three-decade-high-inflation-hits-justin-trudeau-s-popularity-101642920357557.html

If we look at the increased prices of gas, food and cars, they are all imported from US.
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Frans Waterlander

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13765 on: January 24, 2022, 06:02:38 pm »

The Stock Market Just Staged a Massive Comeback .
The DOW was up 0.29% and the S&P500 was up 0.28%. Those are not "massive comebacks", that's just day-to-day noise. This thread isn't much in terms of politics, but it's a joke for financial matters.
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PeterAit

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13766 on: January 24, 2022, 06:08:34 pm »

Peter, We are a Federal republic made up of 50 individual states.  Each state runs itself the way it wants.  Each has its own legislature, own governor, own constitution, own judiciary, own laws, own police, own taxes, etc.  Every state sets up its criminal laws and penalties the way it decides. Some states have capital punishments, some don't.   Each state wants to decide for itself whether to have felons vote or not, make election laws, decide on election districts, decide on how election officials are elected, how long their terms are, etc.  To argue there shouldn't be states' rights goes against the whole constitution and what our founders wanted - to limit power in the central government to assure more freedom for the people.

The election laws have been set up for 230 years in the respective states.  The Democrats argued that the election in 2020 was the fairest election there was.  So why do they want the government to take over other than to assure they can finagle in the future?  The election laws have kept fraud down.  But if the Democrats do away with most of them, as they intend, then fraud will get out of hand.

You just don't get it. The 2020 elections were indeed fair and honest. The voting rights bill will not do away with voting regulations but will put in place national standards that will prevent the GOP from using the states' rights excuse to enact new rules that will reduce Dem turnout. What will the voting rights act do? It WILL NOT let non-citizens vote, or remove all ID requirements, or permit mail-in ballots sent after election day to be counted. It will (see the graphic):

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digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13767 on: January 24, 2022, 06:15:10 pm »

The DOW was up 0.29% and the S&P500 was up 0.28%. Those are not "massive comebacks", that's just day-to-day noise. This thread isn't much in terms of politics, but it's a joke for financial matters.
Clearly a reply from a mathematically challenged fact denier who is a non photographer.
« Last Edit: January 24, 2022, 06:21:29 pm by digitaldog »
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Frans Waterlander

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13768 on: January 24, 2022, 06:28:43 pm »

Clearly a reply from a mathematically challenged fact denier who is a non photographer.
So, significantly less than 1% change in a day is now a massive comeback? Since you clearly don't understand financial markets you shouldn't comment on such matters.
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LesPalenik

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13769 on: January 24, 2022, 06:30:05 pm »

The DOW was up 0.29% and the S&P500 was up 0.28%. Those are not "massive comebacks", that's just day-to-day noise. This thread isn't much in terms of politics, but it's a joke for financial matters.

Yes, when you look just at closing numbers, the fluctuations were rather benign. Around noon it looked more frightening. Both Dow and Nasdaq were down about 500 points. The whole month of January was rather dismal.
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LesPalenik

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13770 on: January 24, 2022, 06:34:56 pm »

So, significantly less than 1% change in a day is now a massive comeback? Since you clearly don't understand financial markets you shouldn't comment on such matters.

I have to agree with Frans. Today's rather paltry positive change was just a minor correction from the previous weeks of almost continuous decline. The happy ending today was most likely caused by short squeeze, when the shortsellers had to cover their trades. It would be nice if it is a start of a sustained rally, but it well could be just a dead cat bounce.
« Last Edit: January 24, 2022, 06:44:26 pm by LesPalenik »
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Peter McLennan

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13771 on: January 24, 2022, 06:44:06 pm »

Looks like Canadians blame their leaders for inflation just like in America.

Canada: Three-decade high inflation hits Justin Trudeau’s popularity
Just four months after his Liberal Party returned to power in Canada after mid-term elections in September, Prime Minister Justin Trudeau’s popularity is taking a battering due to high levels of inflation.
The government’s data agency, Statistics Canada has reported that the consumer price index for December was at 4.8%, the highest point it has reached in three decades.

https://www.hindustantimes.com/world-news/canada-three-decade-high-inflation-hits-justin-trudeau-s-popularity-101642920357557.html

So, you managed to find an article that backs up your silly opinions in an INDIAN newspaper?

Fact check: thinking Canadians don't blame Trudeau for the current spate of inflation.  They blame external economic forces mostly beyond government control.
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Peter McLennan

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13772 on: January 24, 2022, 06:44:41 pm »

Presidents always get blamed for a bad economy, .

By idiots, yes.
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LesPalenik

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13773 on: January 24, 2022, 06:47:05 pm »

Presidents always get blamed for a bad economy, 

Some even for enticing insurrection.
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digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13774 on: January 24, 2022, 06:48:55 pm »

So, significantly less than 1% change in a day is now a massive comeback?
Yes, that's what the financial experts reported that you missed.
Seems you know less about economics than photography. Or it's a wash.  :)
Again, facts you can't wrap your head around (like photography):
https://www.barrons.com/articles/stock-market-today-51643021522
Quote
The Stock Market Just Staged a Massive Comeback From the Brink of Collapse
Since you think you are the senior editor at Barrons, maybe you should tell them how wrong they are and make some photographic suggestions for them. 
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digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13775 on: January 24, 2022, 06:51:57 pm »

I have to agree with Frans. Today's rather paltry positive change was just a minor correction from the previous weeks of almost continuous decline.
Frans can't accept the headlines.That's all I posted. It wasn't a personal opinion of mine, simply an observation from Barrons.
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Frans Waterlander

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13776 on: January 24, 2022, 06:57:03 pm »

Frans can't accept the headlines.That's all I posted. It wasn't a personal opinion of mine, simply an observation from Barrons.
So now you try to come up with excuses for your lack of knowledge. What a fraud you are.
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digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13777 on: January 24, 2022, 07:00:03 pm »

Frans can't accept the headlines.That's all I posted. It wasn't a personal opinion of mine, simply an observation from Barrons.

So now you try to come up with excuses for your lack of knowledge.
The absurd is the last refuge of a pundit without an argument.
Try taking a snapshot. Clearly your misunderstanding of the markets and what the experts wrote are as absurd as your inability to show us you have ever taken let alone made a photograph. What a fraud you are posting in a photo forum!
True knowledge exists in knowing that you know nothing”-Socrates
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Frans Waterlander

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13778 on: January 24, 2022, 07:09:05 pm »

The absurd is the last refuge of a pundit without an argument.
Try taking a snapshot. Clearly your misunderstanding of the markets and what the experts wrote are as absurd as your inability to show us you have ever taken let alone made a photograph. What a fraud you are posting in a photo forum!
True knowledge exists in knowing that you know nothing”-Socrates
My misunderstanding of the markets? That's rich. You refer to Barron's clickbait without having the foggiest idea that it is heavily overblown and that is my misunderstanding? Come on, get a life.
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digitaldog

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Re: Bear Pit: now the sole domicile of politics at LuLa
« Reply #13779 on: January 24, 2022, 07:16:44 pm »

 
My misunderstanding of the markets? That's rich. You refer to Barron's clickbait without having the foggiest idea that it is heavily overblown and that is my misunderstanding? Come on, get a life.
Without stupidity and massive misunderstandings and confusions, we would have no one to laugh at (but Alan). Thank you for your contribution to the forums today.
"When a man's knowledge is not in order, the more of it he has the greater will be his confusion."- Herbert Spencer
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