The US Stock Market posted major losses Tuesday afternoon after new data shows inflation rose 8.3% in August.
“Inflation remained uncomfortably rapid in August despite a decline in gas costs as prices continued to soar across a broad array of other goods and services, evidence that the sustainable slowdown the Federal Reserve and White House have been hoping for remains elusive,” reports the New York Times.
“Prices rose 8.3 percent from a year earlier compared to 8.5 percent in July, a fresh Consumer Price Index report released Tuesday showed, a still-rapid pace of increase and not as much of a moderation as economists had expected. The disappointing data came even as falling gas prices pulled inflation lower, with rapidly rising costs for rent, health care, restaurant meals and goods such as furniture offsetting the relief consumers were feeling at the fuel pump,” adds the newspaper.
Latest inflation report for August was 8.3% https://t.co/zmBP3TodBI
— TheBlaze (@theblaze) September 13, 2022
This is a developing story…
Sounds like the perfect time to invest! Buy low, sell high, kids! Good luck out there…
Yeah, Riiiiiiiight. As the Dow is headed for 24k, Very possibly Lower. But never fear, we’ve got the Dems “Inflation Reduction Act” in place! 😂
“Say it ain’t So, Joe!”
But you’re thinkin’ right. Keep yer’ powder dry ‘til ‘24/5 and in the meantime, Fasten yer’ seatbelts. This AIN’T gonna be Fun…. for ANYONE
Reactionary garbage. The average return on the stock market is 10% per year for the last CENTURY. There is no safer investment in the world. If you think this dip is bad, go check the history of the market. Ever heard of black monday, 1987? The subprime mortgage crisis? The dot com bubble burst? What happened the other day is a correction, nothing more. Don’t panic and always carry a towel. And of course:
VOTE BLUE in ’22, ONCE MORE in ’24!
Yup, the market’s THE place to Be…. about 80% of the time. And then there’s the Other 20% of the time….. when grown, sane men, though obvious Idiots, have jumped out of buildings to their death.
Get ready for One Helluva correction.
Debt, AND Inflation…. and it’s Everywhere, Worldwide…. are KILLERS.
I’ll be voting blue Only if Satan takes over my mind, body and soul. If I am Evil in the flesh, I’m sure I’ll be inclined to want to vote for my brethren.
“I’ll be voting blue Only if Satan takes over my mind, body and soul. If I am Evil in the flesh, I’m sure I’ll be inclined to want to vote for my brethren.” – Bill
I’m genuinely curious… how did you come to the conclusion that dems are evil and satanist? Have you ever compared the platforms of the republican party and the democratic party? In your opinion, which party lines up the most with the teachings of christ?
I recall from catechism classes that jesus preached: love your neighbor as yourself; love your enemies; forgive others who have wronged you; help the poor. There are so many other quotes where jesus tells his followers to give and love and take care of others. The bible is full of passages in this regard! I ask again, which party is trying to help those that need it most?
Philippians 2:4
Let each of you look not only to his own interests, but also to the interests of others.
Hebrews 13:16
Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.
Galatians 6:2
Bear one another’s burdens, and so fulfill the law of Christ.
The list bible quotes about helping others goes on and on. I have heard some argue that it is wrong to legislate helping others… that helping others should come from the goodness of your heart… that these sacrifices are between you and god, and no government has the right to force you to help others or determine how much you should help. God spoke through christ. God wrote the bible. God is telling us what will please him and what we must do to get into heaven. IF WE ARE INDEED A CHRISTIAN NATION, as so many conservatives claim, then it is only right that we legislate helping others. Tax the rich, help the poor… what could be more christian than that?!?
“Reactionary garbage”, eh? To be an Ignoramus in ALL aspects of Life is quite something. You throw out a couple of Ridiculous “Christian” arguments that a learned 12 year could shoot down and destroy and think you’re Mr. Righteous. 😂
Having a discussion with you on Christianity would be like having one with a 7 year old on the Theory of Relativity. Bask in your Ignorance.
YOU and those of your ilk, which is Tragically the degenerate masses, are the Very Reason this once “basically” Christian nation is going completely to s__, FAST.
It is YOU, sir, and Most of mankind… that are to be pitied. Just THE WAY IT IS. IT IS WRITTEN.
You have ZERO Wisdom, my poor debauched, lost soul. Wisdom is a GIFT from God. It is NOT bestowed on the Godless, I ASSURE you. But THAT is WAY over your head, I realize.
You just go on Hating Donald Trump. That IS, What you do. You HATE. He’s been a sick Ass in most ways, AS ARE MOST, but at least he took the proper stands on ALL things regarding God and Christianity and “religion” in his governance. AND, whether we Like him or not, he is a Very effective businessman. He made many Great decisions in running this country. We were light years BETTER OFF with him at the reins than ANY Democrat, EVER. YOUR sick degenerates even bail on our Ambassadors, then LIE about it and attempt to cover it up. They capitulate to the most Evil SCUM on the planet. They take the Wrong, generally downright EVIL stand, on damned near EVERYTHING.
Socialism and Communism DON’T work. They NEVER have… and they NEVER will. They aren’t MEANT to Succeed. They’re based in EVIL.
Those who propose No accountability in Life, there’s no Right or Wrong… those that think Everything should just be Given to them, NOT Earned… and are even SO SICK as to think that murdering babies is an acceptable form of birth control, or “women’s Health” 😂 as the sick scum like to say, are NOT “followers”of Jesus Christ, and are CERTAINLY not Christians. They have NO CLUE about Christianity. They couldn’t care ANY less about what God said. They prove THAT more Each and Every day. The majority of this country has now thrown God under the bus, like MOST of this sick world has done BEFORE us.
And NOW… we shall All reap the Consequences.
ENJOY the demise, Billy Bozo.
“Ridiculous “Christian” arguments” eh? Is that how you feel about the teachings of the bible? Curious… Did Jesus not tell people to love one another? Did he not say to help the lowly and desperate, the poor and the foreigner? If you actually read the bible, it’s pretty clear that Jesus was all about love and helping others and making the entire world a better place for all humanity.
John 13:34 – “Love one another. Just as I have loved you, you must also love one another”
Matthew 25:35 – “For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in”
Luke 10:27 – “Love you neighbor as yourself”
It seems to me that you have replaced Jesus Christ with trump. I fear for your soul.
“They capitulate to the most Evil SCUM on the planet.”
Trump on Kim Jong Un: “Kim Jong Un has been, really, somebody that I’ve gotten to know very well and respect… He wrote me beautiful letters and they’re great letters. We fell in love.” Says he has a “great and beautiful” vision for the country.
Trump on Xi Jinping: “I like President Xi a lot. I consider him a friend.” Also called him “a very, very good man,” and “a king.”
Trump on Vladimir Putin: “The man has very strong control over a country… he’s been a leader.” Leading up to the invasion of Ukraine, Putin declared portions of Ukraine independent. Trump called puting “savvy” and said of the move “This is genius.”
These are all authoritarians leaders who MURDER political opponents, stifle all political speech that they do not approve of. These are currently the worst heads of state in the world, and the former president had nothing but love for them. Disgusting… and YOU have a real disconnect with reality, bill.