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#5911
The Flea Trap / Re: How many days,weeks, months before a war with Russia happens?
October 18, 2022, 06:47:17 PM #5912
The Flea Trap / Re: Money Sense
October 18, 2022, 06:44:54 PMMany top economist's like Harvard's Larry Summers are putting the chances of a deep recession at one hundred percent.
#5913
The Flea Trap / Re: Money Sense
October 13, 2022, 08:27:42 AMThe central bank's rapid interest-rate hikes are paving the way for an economic disaster, he said.
The Rosenberg Research chief expects inflation to drop from over 8% to below 3% in the next year.
#5914
The Flea Trap / Re: Money Sense
October 07, 2022, 10:38:33 AM #5915
The Guest Nest / Re: R.I.P. Dad 1953-2022
October 07, 2022, 10:30:35 AMhttps://www.dignitymemorial.com/fr-ca/obituaries/victoria-bc/joseph-lebrun-10945416"> https://www.dignitymemorial.com/fr-ca/o ... n-10945416">https://www.dignitymemorial.com/fr-ca/obituaries/victoria-bc/joseph-lebrun-10945416
My condolences RDL.
#5916
The Flea Trap / Re: Cost of living, rising inflation
October 06, 2022, 11:25:23 AM
I went out for dinner at a local BBQ restaurant chain here in San Diego. The price was $94 with tax and tip included for a dinner for four. 2 of their pork spare rib special (just five little ribs, slaw, and fries), 1 cheeseburger, a quarter chicken special (1/4th of a small chicken with beans and a baked potato), an order of onion rings,, and four fountain drinks. Prices are fucked here in California.
A basic Burger King Whopper meal (cheeseburger, medium fries, medium drink) is $14. The youngest is whining that I am taking him out to eat less often.
That is steep.
#5917
The Flea Trap / Re: They keep dropping.
October 06, 2022, 11:22:31 AM
NASHVILLE, Tenn. (AP) — Loretta Lynn, the Kentucky coal miner's daughter whose frank songs about life and love as a woman in Appalachia pulled her out of poverty and made her a pillar of country music, has died. She was 90.
In a statement provided to The Associated Press, Lynn's family said she died Tuesday at her home in Hurricane Mills, Tennessee.
Lynn already had four children before launching her career in the early 1960s, and her songs reflected her pride in her rural Kentucky background.
As a songwriter, she crafted a persona of a defiantly tough woman, a contrast to the stereotypical image of most female country singers. The Country Music Hall of Famer wrote fearlessly about sex and love, cheating husbands, divorce and birth control and sometimes got in trouble with radio programmers for material from which even rock performers once shied away.
Her biggest hits came in the 1960s and '70s, including "Coal Miner's Daughter," "You Ain't Woman Enough," "The Pill," "Don't Come Home a Drinkin' (With Lovin' on Your Mind)," "Rated X" and "You're Looking at Country." She was known for appearing in floor-length, wide gowns with elaborate embroidery or rhinestones, many created by her longtime personal assistant and designer Tim Cobb.
Her honesty and unique place in country music was rewarded. She was the first woman ever named entertainer of the year at the genre's two major awards shows, first by the Country Music Association in 1972 and then by the Academy of Country Music three years later.
"It was what I wanted to hear and what I knew other women wanted to hear, too," Lynn told the AP in 2016. "I didn't write for the men; I wrote for us women. And the men loved it, too."
I didn't hear this.
#5918
The Flea Trap / Re: Money Sense
October 02, 2022, 09:50:26 AMStocks look good now as the Federal Reserve appears close to ending its tightening, according to Jim Paulsen. Inflation has already rolled over and will continue to decline, the Leuthold Group's chief investment strategist said.
"Historically, peak inflations have been very good times to buy the stock market," said Paulsen.
Wall Street strategist Jim Paulsen said the Federal Reserve's tightening campaign may be close to finished as inflation has already peaked, which historically has been a good time to buy stocks.
While Fed officials have said they are committed to bringing inflation down to their 2% target, Paulsen said their work is nearly done.
"I don't even know if the Fed has to do anything anymore," he said. "I think the war with inflation has probably been won, we just don't know it yet. Historically, peak inflations have been very good times to buy the stock market."
He noted the S&P 500's valuation is at relatively low levels, and that investor sentiment is very pessimistic, which is often seen by market contrarians as bullish for stocks.
#5919
The Flea Trap / Re: Money Sense
October 01, 2022, 10:37:37 AMSkeptics, however, are warning investors that negative economic fundamentals could overwhelm seasonal trends as what's traditionally the roughest period for equities comes to an end.
U.S. stocks ended sharply lower on Friday, posting their worst skid in the first nine months of any year in two decades. The S&P 500 recorded a monthly loss of 9.3%, its worst September performance since 2002. The Dow Jones Industrial Average fell 8.8%, while the Nasdaq Composite on Friday pushed its total monthly loss to 10.5%.
#5920
The Flea Trap / Re: Money Sense
September 30, 2022, 11:02:07 AM"2022 in a Nut: Inflation shock caused rates shock which now threaten recession shock and credit event," BofA analysts said, explaining that peace, globalisation and easy money was being replaced by an "inflationary era of war, nationalism, fiscal panic, quantitative tightening, high rates, high taxes".
This quarter did have a spell of optimism when MSCI's 47-country world stocks index rallied 10% between July to mid August. But the Fed's rate hike wrecking ball soon came swinging back in, and that index has plunged 15% since, leaving it down 25% and $18 trillion year to date.
Wall Street's bear market meanwhile is now 268 days old and notched a peak-to-trough decline of about 24%. That is still relatively short and shallow compared with past drops though.
Since 1950, the average U.S. bear market lasted 391 days with an average peak-to-trough drop of just over 35%, according to Yardeni Research and banks from BofA to Goldman are warning the traditional end-of-year 'Santa rally' might be cancelled.
#5921
The Guest Nest / Re: Jim Crow Joe is Still a Very Unpopular President
September 30, 2022, 10:58:18 AM #5922
The Flea Trap / Re: Lamestream Media Double Standards and Fake News
September 30, 2022, 10:55:16 AM #5923
The Flea Trap / Re: How many days,weeks, months before a war with Russia happens?
September 30, 2022, 10:53:04 AM #5924
The Guest Nest / Re: Jim Crow Joe is Still a Very Unpopular President
September 29, 2022, 10:45:19 AMA string of other polls has also indicated that Republicans are gaining ground. The GOP now has a razor-thin 0.4-point edge over Democrats in generic congressional vote polling, according to the most recent RealClearPolitics polling aggregate. The GOP has enjoyed an upward trend in polling over recent weeks.
#5925