CPI came in hot
- Thread starter snarlcakes
- Start date
You couldn't find a source with a better twitter pic?
This is the final nail in the Biden coffin. Rather than rate cuts, we should be talking about one more increase. No way things cool off much between now and November.
co-sign. prices won't come down and his brain is a tuna fish sandwich. there will be zero interest in re-electing him. opportune time for a dem swap out which would at once galvanize the party and probably create some badly needed optimism and excitement
I agree. The biggest threat to the economy is inflation. Once we printed all the Covid money it was always going to be the issue. The deficit spending and foreign aid bills aren’t helping either.
If then.
Looks like Olivia Rodrigo in STL this Spring Break instead of Baha Mar. Sorry Mom.
This blows.
Shelter is still running hot. Rents in particular. People here on the board are always asking why inflation is Biden's fault. That inflation is worldwide. While that is true, and I maintain that Biden is not responsible for a lot of the inflation, shelter is certainly one that an arguments can be made. There are 8-10 million illegal immigrants that now reside in the USA. They need places to live. Rents are under pressure, and this is certainly one of the reasons why.
And the market is predictably tanking.
Have you been to Baha Mar? Was looking at that a couple weeks ago. Looks pretty sweet.
Kind of dramatic.
It's backed off the all-time high, set yesterday, to where it was a week ago, which was then near an all-time high.
Damn. Looks like I'm going to be down 1%.
I just opened my Schwab account and immediately went outside to jump. Thankfully my porch is only 8" off the ground, but the thought was still there.
Unless prices move or wages skyrocket, which does nothing for the self employed fixed income types, Biden with a fried brain will have nothing to run on. Zip. His approval will be painfully low as will Harris.
Most reg folks aren’t watching stocks they’re watching bills. Biden is toast. He just piles up bad day after bad day.
Yeah...every Spring Break since 2020. Actually bailed on Wed that year when all the Covid stuff was going down. Place was at 15% occupancy before we left...had a kingpin Suite because no one was there.
It crushes Atlantis...it's like the Wynn Hotel in Vegas...everything is perfect...service, food, everything. And the guests...where Atlantis is NYC east-coasters and cruise ship layovers (sounds like Bloomington on Parent's Weekend just walking around the lobby and pools...CAW CAW), Baha Mar has been mostly rich Texas HS kids, and SEC fraternity and sorority kids. Different crowd, if you follow.
Golf course is Nicklaus and has that salt water paspalum grass...great layout.
Plenty of restaurants, and the new water park is legit. Their mini-golf course is even badass...like one of those PopStrokes Tiger created, but harder. You have to lag putts on off-camber fairways before it rolls into a water hazard, just to have a shot at the hole. Designed by some pro.
We stay at the Grand Hyatt. They've got the Rosewood for the elites, and the SLS for the hipsters and college kids.
Pools are great...there's a swim up with 4 flatscreens to watch games. Great food trucks down by the beach.
Sportsbook could be bigger...kinda hard to find a seat for NCAA tourney games at night...compounded by all the college kids in there dropping their allowance.
Kids club is awesome. Have all the usual stuff, and even have a badass kitchen where the kids make these ridiculous meals and desserts while parents are golfing, dining, or whatever.
We struggle to go find a reason to go anyplace else...even the Hawaii places we used to hit when we lived in Dallas.
ONLY DOWNSIDE...prepare to drop $20k between everything if you go. It's expensive, but if you have the cash, it's a blast.
10 months is awfully early to believe any election is in the bag.
CNBC says that year-to-year, wages are up in real dollars 1.4%. If that continues....
That dynamic has reversed: Workers’ hourly pay has exceeded the rate of inflation since May. In other words, their wages can buy more. Real average hourly earnings rose by 1.4% between January 2023 and January 2024, the Labor Department said Tuesday.
And from that article:Consumer sentiment jumped 13% in January to its highest level since July 2021, which reflects “improvements in the outlook for both inflation and personal incomes,” according to the University of Michigan.
Anything can, and will, happen between now and November. That consumer sentiment was for Jan, Feb 16 will see the next release. If it is still up?I wouldn't bet my life on Biden, or Trump, today. I wouldn't even bet real money today. It would be like watching a weatherman today predict the weather for election day. No weatherman with half a brain is going to tell you it will be sunny and 45 in St Louis in November in toight's forecast.
Early look at sentiment of sorts. And remember this is against a guy with four crim actions pending. Prices are sky high. Wages catching inflation rate doesn’t fill the gap. Couple the foregoing with Biden barely able to speak and I think it’s fair to say he’s toast. He’s not getting better in a year.
Shit can happen. For Dems switching him out us the only sane act
Joe Biden's chances vs. Donald Trump "slim at best": Major pollster
An analysis of the TIPP Presidential Leadership Index shows Biden losing support with 18 key demographics.
www.newsweek.com
It’s a great point. You will also see similar issues with healthcare, education, and etc. Illegals drive down the cost in lower paying jobs, but increase the costs for some goods/services. You can’t magically make doctors and teachers (easier than doctors) to meet the increased demand in those areas. It takes time to fill the void.
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What's the "oops"?
S&P 500 is, granted, no longer over 5,000, at 4,938. But in late October it was at 4,117.
Despite today's loss, it is thus up 20% in 3.5 months. SMOKIN!
Just give everyone a couple million dollars and be done with it.
It’s a good example of the Democratic Party’s understanding of economics.
If you form an LLC and pay the filing fee with the sect of state you instantly can afford any min wage. Just up to the gov to set it
Luckily...playing for an Indy team this year, whose Spring Break's are later, so our SB weekends are bookended with league games...can't do Baha Mar.
Given the current economic environment, I'd be cringing hard at that outlay this year.
Whoever thought ECNL travel would actually SAVE you money?
No one. Ever. Haha
My time with ECNL has passed however still have a couple friends whose daughters are in it. The Dallas one weekend, Philly the next shit is for the birds.
NOLA Mardi Gras last weekend.
Memphis ODP this weekend.
Cincy next weekend for a tourney.
Dog sitter is killing it. 😄
I agree- if Biden approval rating remains in sub arctic levels, I think he will claim a medical diagnosis and let DNC swap him out. The issue is how to do so while sidelining Kamela and not irritating females and folks of color.
For sure. The usual looney left on here race to his defense but anyone with eyes and a modicum of objectivity can see he’s struggling immensely. This is an opportunity to do something that benefits all of us. To do so the left has to disavow itself of identity politics first. Whether they’re capable I don’t know.
It appears Real Estate and rent use old data and both are already much lower.
www.marketwatch.com
Private-sector data about housing costs tell a different story than the CPI data does. For instance, Realtor.com’s measurement of asking rents found that rent prices have dropped for eight months in a row, according to Danielle Hale, chief economist at Realtor.com.
The real-estate industry is puzzled by the CPI data. “One big source of stubbornness to further calmness is that housing shelter inflation is rising at 6%. That’s a bit of a mystery since apartment rents are no longer rising and single-family rent growth is at low single-digits,” Lawrence Yun, chief economist at the National Association of Realtors, said in a statement.
‘We need to snap out of it’: The Fed is being misled — again — by inflation numbers, says professor behind popular recession predictor
The U.S. Federal Reserve is being misled by inflation data and is potentially making a big mistake, professor who developed a widely used recession indicator...
www.marketwatch.com
It’s amazing how many dumbasses still give Trump credit for lower gas prices, even though for a year no one drove anywhere and prices fell to beyond low prices.
Did you know the United States is about 3 years older than when Biden took office? F*****g crazy.
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