Biden's Stock Market - 31,164 on Day 1.

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Re: Biden's Stock Market - 31,164 on Day 1.

#376

Post by Biker »

CaptQuint wrote: Fri Nov 05, 2021 10:32 pm36,327.95
lulz
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Re: Biden's Stock Market - 31,164 on Day 1.

#377

Post by CHEEZY17 »

Biker wrote: Thu Jun 16, 2022 4:16 pm
CaptQuint wrote: Fri Nov 05, 2021 10:32 pm36,327.95
lulz
Its a shame he wont be around for us to kick his ass after the Democrats take a beating this year.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
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Re: Biden's Stock Market - 31,164 on Day 1.

#378

Post by Charliesheen »

..
A cunt is a cunt by any other name.
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Re: Biden's Stock Market - 31,164 on Day 1.

#379

Post by B-Tender »

I'm 50 years old. I can see myself still doing some tax work in my late sixties. One, to have something to do, and also to help fund things for those I find deserving in my family.
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Re: Biden's Stock Market - 31,164 on Day 1.

#380

Post by Who »

BigRedRetard wrote: Thu Jun 16, 2022 4:58 pm
Who wrote: Tue Jun 14, 2022 9:14 pm
Animal wrote: Tue Jun 14, 2022 8:42 pm
CHEEZY17 wrote: Tue Jun 14, 2022 3:20 pm
Who wrote: Tue Jun 14, 2022 1:26 pm Oh My Gawd, the country is in ruins think of those poor millionaires
You think the average person watching their retirement (401k) get wiped out is a millionaire? You really are the dumbest person in this forum.
you have to remember, his retirement fund is in trash bags of aluminum cans in his garage.
Close social security and pay check, I let you richers fuck with stocks
That must be brutal. I can't imagine having to work at 69.
You’ll be dead
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Re: Biden's Stock Market - 31,164 on Day 1.

#381

Post by Antknot »

29,888.78
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Re: Biden's Stock Market - 31,164 on Day 1.

#382

Post by CHEEZY17 »

Antknot wrote: Sat Jun 18, 2022 7:55 am29,888.78
Who: Joe is kicking ass!
Also Who:
Image
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
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Re: Biden's Stock Market - 31,164 on Day 1.

#383

Post by Who »

CHEEZY17 wrote: Sat Jun 18, 2022 11:21 am
Antknot wrote: Sat Jun 18, 2022 7:55 am29,888.78
Who: Joe is kicking ass!
Also Who:
Image
:lol: :lol:
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Re: Biden's Stock Market - 31,164 on Day 1.

#384

Post by Animal »

i was looking at the similarities of Biden's runaway inflation and Carter's back in the early 80's. In order for the FED to stop the inflation, they ended up raising rates to where the 30 year Notes were paying 16% interest before they finally reversed it.

Right now 30 year notes are paying under 4% interest.
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Re: Biden's Stock Market - 31,164 on Day 1.

#385

Post by Who »

Almost on page 3.

Is it a Depression yet?
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Re: Biden's Stock Market - 31,164 on Day 1.

#386

Post by Animal »

your rolls of pennies won't buy as much as they did when you put them under your mattress.
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Re: Biden's Stock Market - 31,164 on Day 1.

#387

Post by CHEEZY17 »

Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
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Re: Biden's Stock Market - 31,164 on Day 1.

#388

Post by Biker »

CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
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Re: Biden's Stock Market - 31,164 on Day 1.

#389

Post by Who »

Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
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Re: Biden's Stock Market - 31,164 on Day 1.

#390

Post by Animal »

Who wrote: Wed Jun 29, 2022 8:33 pm
Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
You left Trump out of that.
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Re: Biden's Stock Market - 31,164 on Day 1.

#391

Post by Who »

Animal wrote: Wed Jun 29, 2022 8:37 pm
Who wrote: Wed Jun 29, 2022 8:33 pm
Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
You left Trump out of that.
You might want to work on your reading and comprehension skills
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Re: Biden's Stock Market - 31,164 on Day 1.

#392

Post by Biker »

Who wrote: Wed Jun 29, 2022 8:33 pm
Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
Youre really this dumb, arent you?
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Re: Biden's Stock Market - 31,164 on Day 1.

#393

Post by Animal »

Who wrote: Wed Jun 29, 2022 8:38 pm
Animal wrote: Wed Jun 29, 2022 8:37 pm
Who wrote: Wed Jun 29, 2022 8:33 pm
Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
You left Trump out of that.
You might want to work on your reading and comprehension skills
Point out what I got wrong.
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Re: Biden's Stock Market - 31,164 on Day 1.

#394

Post by Who »

Biker wrote: Wed Jun 29, 2022 8:40 pm
Who wrote: Wed Jun 29, 2022 8:33 pm
Biker wrote: Wed Jun 29, 2022 6:54 pm
CHEEZY17 wrote: Wed Jun 29, 2022 6:53 pm
Who wrote: Wed Jun 29, 2022 4:15 pm Almost on page 3.

Is it a Depression yet?
If it officially becomes a recession will you then admit your boy sucks ass?
Silly Cheezy
I’ll admit every republican that that takes over from a democratic president other than Carter/ Reagan, manages to leave the economy in its current shape.
Youre really this dumb, arent you?
Recent history, w left the country in shambles, O’Bama rebuilt the country. Trump left the country in shambles and Biden has a small window to put the House back in order.

Prove me wrong
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Re: Biden's Stock Market - 31,164 on Day 1.

#395

Post by B-Tender »

Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
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Re: Biden's Stock Market - 31,164 on Day 1.

#396

Post by Cassandros »

B-Tender wrote: Thu Jun 30, 2022 11:48 pm Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
I would love to know where these numbers were pulled from...

Adding 80 trillion dollars to ~125 million households over the course of 10 years means the average household 'net worth' raised ~$640,000.

Highly unlikely.
“The society that puts equality before freedom will end up with neither, the society that puts freedom before equality will end up with a great deal of both.” --Milton Friedman
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Re: Biden's Stock Market - 31,164 on Day 1.

#397

Post by Animal »

Cassandros wrote: Fri Jul 01, 2022 12:26 am
B-Tender wrote: Thu Jun 30, 2022 11:48 pm Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
I would love to know where these numbers were pulled from...

Adding 80 trillion dollars to ~125 million households over the course of 10 years means the average household 'net worth' raised ~$640,000.

Highly unlikely.
80 trillion / 125 million is the same as 80,000/125 which is 640. So, over 10 years, each household income grew around $640.

Highly likely.
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Re: Biden's Stock Market - 31,164 on Day 1.

#398

Post by B-Tender »

Here's the link:

https://fred.stlouisfed.org/series/TNWBSHNO

The link combines households and non-profit orgs.
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Re: Biden's Stock Market - 31,164 on Day 1.

#399

Post by Cassandros »

Animal wrote: Fri Jul 01, 2022 12:42 am
Cassandros wrote: Fri Jul 01, 2022 12:26 am
B-Tender wrote: Thu Jun 30, 2022 11:48 pm Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
I would love to know where these numbers were pulled from...

Adding 80 trillion dollars to ~125 million households over the course of 10 years means the average household 'net worth' raised ~$640,000.

Highly unlikely.
80 trillion / 125 million is the same as 80,000/125 which is 640. So, over 10 years, each household income grew around $640.

Highly likely.
Its a lot of zeroes, even people who are good with numbers can miss a place.

But...
80,000,000,000,000
.........
125,000,000


80,000,000
125

= 640,000
“The society that puts equality before freedom will end up with neither, the society that puts freedom before equality will end up with a great deal of both.” --Milton Friedman
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Re: Biden's Stock Market - 31,164 on Day 1.

#400

Post by Cassandros »

B-Tender wrote: Fri Jul 01, 2022 1:08 am Here's the link:

https://fred.stlouisfed.org/series/TNWBSHNO

The link combines households and non-profit orgs.
Calling non-profits households is ridiculous...

But now it makes sense why that number is so high.

Cut them out and Animal's $640 is probably spot on.
“The society that puts equality before freedom will end up with neither, the society that puts freedom before equality will end up with a great deal of both.” --Milton Friedman
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