The ECONOMY ,Stock Market, , & General Finance

Statists thirst for power. COVID helped authoritarians become more authoritarian.

 

Congress averts shutdown, sends 9-week funding patch to Biden’s desk

https://www.politico.com/news/2021/09/30/senate-9-week-funding-patch-shutdown-514810

This seems to be a pattern now........

 

I was not looking for agreements, I just posted different way to increase money supply. Everything in my list does that.

 

Well since you weren't looking for agreement I'll just say that I disagree.

 

A lot of money 3.5 Trillion. But that’s for ten years. Anyway 350 billion a year is a lot. A billion is a thousand million isn’t it? So 300 million citizens in the US might receive about $1299 dollars in benefits. Some more than others of course. Senator Manchin thinks maybe $1200 is way too much. He thinks maybe $500 is about right. Joe is a wealthy man. $500 bucks is chump change to the WV coal kingmaker. The West Virginia folks who would benefit from Biden's $1200 offer keep voting for the Senator, but he smacks ‘em down at every opportunity. They soon forget. Sad.

 

The people of West Virginia have common sense. You can't print money endlessly.

 

Senate Minority Leader Mitch McConnell announced Wednesday that Republicans will support an extension of the debt limit “into December” to give Democrats more time to enact a long-term solution on their own to prevent a devastating U.S. default. The offer from McConnell would appear to offer a short-term fix as the nation faces an Oct. 18 deadline to lift the limit.


https://www.nbcnews.com/politics/co...=857693951420692326&utm_medium=Email Sailthru

 

Senate votes to raise debt limit until December, temporarily avoiding default

"The Senate voted 50-48 to pass a bill Thursday raising the debt limit until December, temporarily avoiding a catastrophic default on Oct. 18. The deal gives Democratic leaders more time to enact a long-term solution but sets up a likely showdown with Republicans later this year."

https://www.nbcnews.com/politics/co...=857693951420692326&utm_medium=Email Sailthru

 

Trump’s D.C. hotel made millions from foreign governments but still struggled, federal documents show

"
The House Committee on Oversight and Reform released hundreds of pages of documents that Democrats say show Donald Trump's luxury hotel lost millions while he was president despite also allegedly getting preferential treatment from a bank.


The findings “raise new and troubling questions about former President Trump’s lease with GSA and the agency’s ability to manage the former President’s conflicts of interest during his term in office when he was effectively on both sides of the contract, as landlord and tenant,” Rep. Carolyn B. Maloney (D-N.Y.) and Rep. Gerald E. Connolly (D-Va.) said in a news release."

https://www.washingtonpost.com/busi...0.3TN_5wWfisk3lnBv7peHWnE4x_hTa5Ocxp9gCxOyUVg

 

U.S. economy, plagued by worker shortages, added just 194,000 jobs in September

https://www.nbcnews.com/business/ec...=857693951420692326&utm_medium=Email Sailthru

 

Nearly 3 percent of U.S. workforce quit their jobs in August, Labor Department says, emboldened by new leverage in the job market

"Some 4.3 million people quit jobs in August, according to new data from the Labor Department — about 2.9 percent of the workforce. The phenomenon is being driven in part by workers who are less willing to endure inconvenient hours, poor compensation or bad conditions because they know there are ample opportunities elsewhere."

https://www.washingtonpost.com/busi...0.NzHoKQBO1WXf_o_WZhE40-1T6yjios07uKXwDjKDD9o

 

House passes short-term debt limit extension, pushing high-stakes deadline to December

"The House voted 219-206 on partisan lines to pass a short-term debt limit extension and push the risk of default into December. President Joe Biden is expected to sign the bill."

https://www.nbcnews.com/politics/co...=857693951420692326&utm_medium=Email Sailthru

 

U.S. economy rebounds, adding 531,000 jobs in October, amid declining Covid cases and increased seasonal hiring

The economy added 531,000 jobs in October, blowing past economists' predictions of 450,000, and the unemployment rate fell to 4.6 percent from 4.8 percent. Friday’s release from the Bureau of Labor Statistics followed a disappointing September report in which a mere 194,000 jobs were added, compared to the half million expected by economists."

https://www.nbcnews.com/business/ec...h1q4CVjYL74j3q/LCWMtkX1JOLpOcKazmB6888IgLAQAA

 

Hospitality leads the way. I have been steadily buying some stocks that I think could benefit from the trend. Sort of names you never heard of restaurant suppliers and the like. If nothing else, I can hold til he end of the quarter and dump them, but I think there is some upside potential in them.

 

Prices climbed 6.2% in October compared to last year, the largest annual increase in 30 years, as inflation strains economy

Data released Wednesday by the Bureau of Labor Statistics showed that prices climbed in large part because of soaring gas and energy prices, plus ongoing supply chain backlogs, especially in the used car market. Officials at the Federal Reserve have said that prices will ease as supply chain backlogs clear, although they acknowledge that it’s unclear when exactly that will happen.

https://www.washingtonpost.com/busi...9.B_pY46r8aCJ2U8EpSsccNwua1BZEf5dhxn4ZGN5Z0RM

 

When everyone was laid off and sitting home demanding nothing.

As shocking as it may be, you cannot restart an economy with a mouse-click.

Then by their own admission, that is Demand-pull Inflation which the Federal Reserve cannot cause and cannot fix.

Stop consuming like a freaking locust and prices will fall.

 

Financial markets plunge on concerns about worsening covid numbers, new coronavirus strain

The Dow Jones industrial average opened down more than 2.2 percent and the S&P 500 index was off 1.4 percent. Global markets were also down heavily. The sell-off comes after the discovery of the new B.1.1.529 variant in southern Africa, which a top British health adviser warned was the “most worrying we’ve seen.”


https://www.washingtonpost.com/busi...Q.hQJ7jU3ANGdSBGgFlsAdg1EaixiNIqQv3REqnICBKv4

 

Senate votes to raise debt ceiling by $2.5 trillion, with House passage expected soon, which should push issue past 2022 elections

The House is expected to pass the measure as soon as Tuesday evening. Republicans had threatened to hold up the debt-ceiling increase but ultimately backed down amid concerns about the economic consequences.

https://www.washingtonpost.com/us-p...0.R5AAzHJv7JV7PlB6tJE1noaGvvQLtZGXDOJ4AxK5JGY

 

And now Goldman Sachs says the Build Back Better plan was promising for the economy, but now Manchin has changed all that, so the market is tanking.

 

The market just went DING-DING again marking the 70th time this year when it hit all-time high.

We'll see what next year brings. If the supply side corrects itself, it should bring inflation down, and the rally should continue.

 

It took 7 TRILLION newly released dollars just to keep the economy afloat. GDP is worse than it has ever been and the RALLY as you state is in one area. The Market, created by the billionaires and the FED Plunge Protection team. Reading here is a joke because no one knows what they see. They only repeat what they hear on CNBC, Bloomberg, and wallstreet. Those people on wallstreet are reaping billions and the American public get higher prices. It isnt so much the SUPPLY as they tell you, and you believe, it is too many dollars and it will continue because the FED has to Print more money, release it, or else the Country falls apart... (as it should)

What we have done financially is destroying the NATION. Pay hasnt gone up for 35 years vs Inflation, but everyone misses it. If I were to ask you what is the GDP ? You would quote CNBC, or the news and tell me it is great at 4%.

It is really Negative 25% (MINUS 25%) The Government prints, creates, etc. the +29% use that money as GOvernment spending, then counts that towards GDP and you get a magical 4%. (right between the magical 1% and 7%) they continuously promise.
Americans have no idea just how bad it really is because the MEDIA is in on. They pay their people well to continue the USA dollar Fiat Ponzi scheme.

Everyone needs to wake up

 

Build back was or is the 2.5T to keep America afloat during 2022. Without it, the government has no EXTRA money too boost GDP as it has the past few years. We have gone from a nation which produced 4% GDP to a nation that produces none and the government covers it up with new money. That is how bad it really is...
As long as the Stock Market stays HIGH the American Public has been trained, conditioned to think that is what makes everything ok. They print another number GDP and all is well. They, the government right now promise to take your money through the 10 year t-bill at 1.5% while telling you inflation is 6.5% guaranteeing you a 5% loss every year. Even that is a lie because Inflation is really at 13% or higher, so, they lie. All while BOTH SIDES strip the wealth away thru inflation. Pelosi got how much for a park in SF ?

it is both sides and they both sell out the People for their Billionaire Friends, it is a true mess and now we know 100% for sure a collapse is coming, they went past the marker in 2008 and have keep it going for 13 years, more too come I am afraid as they Ignore debt. Dont forget, all of the media and healthcare is now owned vby billionaires. They control you. Not really a free country anymore

 

While this is totally true (a rigged market and game) it's best to get on the gravy train as it will not be turned around and it's too big and corrupt to now fail.

 

Get on the train at highest valuations EVER ? COmon, your telling the avg. American with no money, or all in already in a 401K to stay the course ? That is insane, and even had they got out 20% ago, they still have their 80%. 401k are a scam like everything else the wallstreet controls. They raise prices in the mutual funds right before they move your money over, then charge crazy fees to do what ? Nothing ! They literally do nothing.

Getting in NOW is the worst advice ever, but would be expected from a CFA

 

You do realize that only 35% of the stocks are now going up, 65% are going down. This is because 8 corps. are now so big their movement controls the market. I am in Amazon, but have been for a long time. We made our money, then put it in a handful of stocks. Even the Cramer Family Trust is good stocks, he knows what the best ones are, a group of 20 or 25. The rest of the market is full of losers and that is what they put in 401ks. They profit off of the big ones and stick your money is the losers.

They continuously rig it, like you say, so that your return is 10%, maybe 15% on a good year, then you lose 40%, or 60% like 2000, 2008, and you can never get it back.

Once 90% of the 401k lost 60% in 2008 it took 150% to get it back. Thus, the market was cut from 20k dow to 8.5k dow.
You have 1M and a year later you have 400K. You now need to make 150% to get back to 1M or a DOW of 25K and that didnt happen until 2019. So it took 11 years to get your money, add in fees and you just now break even...

It is a JOKE at best... But Americans are gullible