Posted on 09/13/2022 6:09:57 AM PDT by tanstaafl.72555
Hottest stock market in the world for a while was Zimbabwe, as far as percentage returns.
US inflation falls for 2nd straight month on lower gas costs
Not exactly. While it is true that if it drops 50%, it takes 100% to make it up, it is not always double the amount it drops. If it drops 20%, say 100 to 80, it takes 25% to make it up. 25% of 80 being 20. What is correct, though, is that it always takes a higher percentage to make up the percentage that it dropped.
That was premarket.
9.51 a.m. is down 662
I saw the Bank of America CEO on Fox. I was not impressed.
I stand corrected, you are correct. So perhaps it will take 4 years of typical returns, if we get typical returns, to get back to even.
Bottom line, it may take years to get back what the Dems caused to people’s defined contribution plans.
Me either, but I have to believe a company that size, with ML in the mix, has a few decent economists.
Biden admin is having a celebration at the WH today regarding to hillariously named Inflation Act. They timed it to hopefully coincide with a good inflation report, which as we know didn’t happen.. (surprise surprise surprise as Gomer used to say)...
The federal reserve is the only group trying to do anything inflation wise. Not only is Biden admin NOT doing anything to help reduce inflation, their policies caused about 60% of the current inflation and this green energy bill they are celebrating today is just more spending, which will keep upward pressure on prices....
Not when so many people believe Republicans are Nazis and fascists. This is not 1994 or even 2010 unfortunately.
Love it. Back to back freeper articles. One says markets going down over higher inflation. The very next there is rejoicing as inflation softens.
Guess it depends on whether you’re sniffing the nose or the tail.
Unexpected!
That’s a good point but they’re all under the influence of the Globalists now.
B of a has failed to impress for at least the last two decades. I can’t see how they have any credibility at all.
I thought the Stock Market could see out at least 6 months.
Putin’s fault.
I agree.
And today the squaw of interior has suddenly decided it is important to slap on the rediculous offshore operations regulations of the obarky era that Trump rightly rescinded.
Blowout Preventers are used in the business, they are not blowout stoppers. Drilling a well with these proposed regulations is mostly impossible. I designed wells and handled well control problems for about 40 years. The rule changes just make for good show and higher costs.
We know but I’ll say it again, these people want oil and gas dead and gone.
Fake and manipulated is this administration’s specialty.
“All fake and manipulated. We just shot up 30 cents a gallon, seemingly overnight.”
No increases hear. Where are you?
Things are going to get VERY ugly
Wait until you see the next spending bill the democrats have ready to pass another 22.4 billion for Coved alone and a lot more waste to happen.
“Yep, if people look at their retirement funds and see a 20% drop, it takes 40% to make that up to be even.
1 x 80% x 140% = 112%.
1 x 80% x 125% = 100%.
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