Recession

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FLBear5630
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In reply to Jack Bauer • 5:36p, 5/14/26
Public Service is still in effect. Just work for the Government for pennies compared to the private sector.
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historian
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In reply to boognish_bear • 1:02p, 5/16/26
boognish_bear said:
There are no clear definitions of these terms...but I'm not sure $250,000+ household income today is enough to be considered "wealthy"


Not with the income tax and current tax rates: income taxes, property taxes, sales taxes, etc.
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historian
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In reply to FLBear5630 • 1:05p, 5/16/26
FLBear5630 said:
These numbers are off. Household over 250 is wealthy? Maybe over 500k or 750k, ok. I know a lot of people that make over 250 and they are living nice but not wealthy lives. Definetly not enough for investments to drive income.

It's all relative. It also depends on where you live: $250,000 goes a lot further in Texas than California. This is true of red states vs blue states in general. It's one reason people are fleeing blue hell holes for Texas, Florida, etc.
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boognish_bear
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12:09p, 5/17/26
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Jack Bauer
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In reply to boognish_bear • 1:45p, 5/17/26
boognish_bear said:


Sure. And I'm going to play in the NFL and I'm also married to a supermodel.
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boognish_bear
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12:33a, 5/18/26
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J.R.
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In reply to boognish_bear • 12:49a, 5/18/26
boognish_bear said:

gimme a good taco shop for $5
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BigGameBaylorBear
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7:46a, 5/18/26


Golden age
Sic 'em Bears and Go Birds
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FLBear5630
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In reply to BigGameBaylorBear • 8:38a, 5/18/26
But they would have had a nuke in 2 weeks.

Go look at some UFO stuff and enjoy ...
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J.R.
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8:48a, 5/18/26
what else can fat boy do to further stymie the Epstein tapes which fat boy is all over. Where is the redacted version including the 2.5M docs not turned over.
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Jack Bauer
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9:44p, 5/19/26
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boognish_bear
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8:04p, 5/20/26
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EatMoreSalmon
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In reply to boognish_bear • 8:43p, 5/20/26
boognish_bear said:


Some folks are not doing basic diversification. I need to check my employer matched fund for retirement. The fund was supposed to be diverse when I moved to it.

Edit- checked and it's still good. Not S&P heavy.
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boognish_bear
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9:06p, 5/20/26


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes
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boognish_bear
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9:31p, 5/20/26
No doubt some people are frivolous with their money...but most people i know are not doing these kinds of things on most days at work

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J.R.
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In reply to boognish_bear • 10:39p, 5/20/26
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes

sorry, but I'm basking in the Golden Age....or Orange Age! We filled up the other day here and it equated to $17US per gallon. We are running out of oil/gasoline.
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EatMoreSalmon
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In reply to boognish_bear • 12:43a, 5/21/26
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes


Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?
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Jack Bauer
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4:42a, 5/21/26
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Jack Bauer
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In reply to J.R. • 4:51a, 5/21/26
J.R. said:
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes

sorry, but I'm basking in the Golden Age....or Orange Age! We filled up the other day here and it equated to $17US per gallon. We are running out of oil/gasoline.


7% GDP is just around the corner! And if not then its probably due to Joe Biden

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Realitybites
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6:55a, 5/21/26
The Bond Market Is About To Break Washington

"The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it.

For months, investors have focused on missiles, retaliation headlines, oil chokepoints, and the possibility of a broader regional escalation from the Iran War. During the geopolitical noise, I urged readers not to overlook stress in financial markets that was happening before the war even started, namely in places like private credit and subprime auto lending. I called these "real crises" hiding behind record highs while "investors" chase gamma squeezes higher in an ongoing distortion feedback loop that is making things look far better than they are under the surface.

And now, beneath all the geopolitical noise, a much more serious, harder to ignore crisis is unfolding. As Cypher says in The Matrix:

"Fasten your seat belt Dorothy, 'cause Kansas is going bye-bye."



I dumped all my long term (> 5 year) US debt a while back.
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muddybrazos
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In reply to EatMoreSalmon • 8:38a, 5/21/26
EatMoreSalmon said:
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes


Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?

I only buy ground beef at costco and I get the grass fed 3 pack and its like 6.49 a lb. I bet at my local publix its close to $8 though.
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boognish_bear
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In reply to muddybrazos • 10:07a, 5/21/26
muddybrazos said:
EatMoreSalmon said:
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes


Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?

I only buy ground beef at costco and I get the grass fed 3 pack and its like 6.49 a lb. I bet at my local publix its close to $8 though.


FWIW...it's $7.78 at Wal Mart in the DFW area
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D. C. Bear
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In reply to EatMoreSalmon • 10:17a, 5/21/26
EatMoreSalmon said:
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes


Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?


Whole Foods?
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whiterock
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In reply to historian • 11:53a, 5/21/26
historian said:
whiterock said:

Great news but how many of those jobs went to Americans and how many to immigrants?

I've seen but did not retain links to data which showed improvement for citizens.

One must first have the jobs before one can worry about distribution of them.......
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whiterock
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11:54a, 5/21/26
Should be no surprise, given the plan and the priming of the pump.

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Oldbear83
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In reply to D. C. Bear • 1:58p, 5/21/26
D. C. Bear said:
EatMoreSalmon said:
boognish_bear said:


America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"

Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month

- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%

Nothing has felt affordable since Biden took office

It's not just groceries

Full-coverage car insurance has risen 43% nationally since 2021

- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas

Americans are being priced out of their own homes


Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?


Whole Foods?

Quote was "many grocery stores".
That which does not kill me, will try again and get nastier
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whiterock
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8:57a, 5/22/26
Spot. On. The definition of inflation itself has been corrupted.

"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."

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RD2WINAGNBEAR86
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In reply to whiterock • 9:29a, 5/22/26
whiterock said:
Spot. On. The definition of inflation itself has been corrupted.

"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."


Since the "U.S. economy is Booming" and we have the "hottest economy in the world", and inflation is rising again, wouldn't an interest rate hike make the most sense? Trump can't have it both ways. At least he has shifted away from blaming Joe Biden for everything to blaming the Iran War. A war which he started.
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
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BigGameBaylorBear
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In reply to RD2WINAGNBEAR86 • 9:47a, 5/22/26
RD2WINAGNBEAR86 said:
whiterock said:
Spot. On. The definition of inflation itself has been corrupted.

"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."


Since the "U.S. economy is Booming" and we have the "hottest economy in the world", and inflation is rising again, wouldn't an interest rate hike make the most sense? Trump can't have it both ways. At least he has shifted away from blaming Joe Biden for everything to blaming the Iran War. A war which he started.


Warsh is going to have one hell of a time trying to convince the rest of the FOMC to cut rates if that's his intention
Sic 'em Bears and Go Birds
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Jack Bauer
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2:00p, 5/22/26
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boognish_bear
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1:19p, 5/23/26
Wild

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boognish_bear
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2:47p, 5/24/26
I know that Chili's three for me deal for $11.99 beats a lot of fast food combos meals.

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boognish_bear
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7:26p, 5/24/26
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J.R.
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In reply to boognish_bear • 8:54p, 5/24/26
boognish_bear said:

Danm he has a case of the "Generic Youth Minister"
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boognish_bear
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9:02p, 5/24/26
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