Recession...

MotoTribology 9/26/2022 6:04am
9/26/2022 6:04am
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/14/568404/s1200_25FF609D_3559_40BB_8CB1_33F64F705AFC.jpg[/img]

MotoTribology wrote:
:huh: The DJIA was roughly 13.5% lower than the ≈31k figure in that picture exactly 2 years prior from that date, and the DJIA was more...
Huh

The DJIA was roughly 13.5% lower than the ≈31k figure in that picture exactly 2 years prior from that date, and the DJIA was more than 16% lower than that ≈31k figure within that 2 year period.

I'm pretty sure the DJIA didn't even surpass that value until February of 2021.

How embarrassing Blush
TeamGreen wrote:
You were saying…? [img]https://p.vitalmx.com/photos/forums/2022/09/23/570019/s1200_9F1D3C55_26D1_429F_9CF6_9F1F5FBEBD2B.jpg[/img]
You were saying…?

I feel it's pretty well spelled out in my original responses. Do you actually need me to type the whole thing out again just to make my point yet again?
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MotoTribology 9/26/2022 6:27am
9/26/2022 6:27am Edited Date/Time 9/26/2022 6:46am
Even using today's numbers (which I was obviously not commenting on in the past, and I don't feel like I should need to disclaim, but here we are Dizzy ), it still doesn't work out how you imply. Maybe this little trick will help you:

The alligator eats the big number. 27,173.96 < 29,590.41




Now I'm just waiting for a day in which the 2 year number does surpass the current date's so you can "get me", as if that will somehow invalidate my previous comments. Man, I bet I'll sure feel stupid then Wink
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tuggy450
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tuggy450 9/26/2022 9:51am
9/26/2022 9:51am
MotoTribology wrote:
Even using today's numbers (which I was obviously not commenting on in the past, and I don't feel like I should need to disclaim, but here...
Even using today's numbers (which I was obviously not commenting on in the past, and I don't feel like I should need to disclaim, but here we are Dizzy ), it still doesn't work out how you imply. Maybe this little trick will help you:

The alligator eats the big number. 27,173.96 < 29,590.41




Now I'm just waiting for a day in which the 2 year number does surpass the current date's so you can "get me", as if that will somehow invalidate my previous comments. Man, I bet I'll sure feel stupid then Wink
Looking at that chart, i made nothing on my investments since the pandemic and suffered a 40 year high inflation rate, so my guess is in real world spending power is down around 15% so realistically your 30k dow is really only 25500.
I've seen this before, this is a huge hit to average joe, not only have you lost on your investment savings, future income but you are earning 15% less with respect to your current income.

If you think this is good well, I need some of what you are smoking.



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MotoTribology 9/26/2022 10:14am
9/26/2022 10:14am
MotoTribology wrote:
Even using today's numbers (which I was obviously not commenting on in the past, and I don't feel like I should need to disclaim, but here...
Even using today's numbers (which I was obviously not commenting on in the past, and I don't feel like I should need to disclaim, but here we are Dizzy ), it still doesn't work out how you imply. Maybe this little trick will help you:

The alligator eats the big number. 27,173.96 < 29,590.41




Now I'm just waiting for a day in which the 2 year number does surpass the current date's so you can "get me", as if that will somehow invalidate my previous comments. Man, I bet I'll sure feel stupid then Wink
tuggy450 wrote:
Looking at that chart, i made nothing on my investments since the pandemic and suffered a 40 year high inflation rate, so my guess is in...
Looking at that chart, i made nothing on my investments since the pandemic and suffered a 40 year high inflation rate, so my guess is in real world spending power is down around 15% so realistically your 30k dow is really only 25500.
I've seen this before, this is a huge hit to average joe, not only have you lost on your investment savings, future income but you are earning 15% less with respect to your current income.

If you think this is good well, I need some of what you are smoking.



My posts have been limited to the DJIA numbers during specific time periods.

I made no comments about good, bad, inflation, investment performance, earnings, or politics despite what some seem to insist.

People post up bogus comparisons to feed the outrage machine, and I posted the correction. My apologies if I was being too mean about it. I thought it was a fairly even response.
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ToolMaker 9/26/2022 10:21am
9/26/2022 10:21am
I heard McCarthy describe it this way. You now have to work a whole month for free this year because of inflation.
This year it takes 12 months of work to buy the same stuff you only had to work 11 months last year to buy.
Maybe some people will understand it better when it's described this way.
TM
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TeamGreen
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TeamGreen 9/26/2022 6:19pm
9/26/2022 6:19pm
Welcome to a 20% drop since January

Bear Market
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MudPup545
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MudPup545 9/27/2022 3:29am
9/27/2022 3:29am
TeamGreen wrote:
Welcome to a 20% drop since January

Bear Market
Well sure but, the last guy liked his steak well done so the media said he had to go. 🙄
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TeamGreen
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TeamGreen 9/27/2022 8:01am
9/27/2022 8:01am
TeamGreen wrote:
Welcome to a 20% drop since January

Bear Market
MudPup545 wrote:
Well sure but, the last guy liked his steak well done so the media said he had to go. 🙄
Let’s or forget the Market Geniuses that compare what’s going on NOW to what went down during COVID! Grinning

Next up: we’ll have a bunch of I.C.E’d dirt bike owners tell us about The Climate Crisis.
Woohoo
Grinning
Silly
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Tyrone lavelle 9/27/2022 9:05am
9/27/2022 9:05am
Recession in America, today? Nah....
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Zycki11
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Zycki11 9/27/2022 9:38am
9/27/2022 9:38am
We are not in a recession until Karine Jean-Pierre says we are by definition
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TeamGreen
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TeamGreen 9/27/2022 12:42pm
9/27/2022 12:42pm
Zycki11 wrote:
We are not in a recession until Karine Jean-Pierre says we are by definition
That poor woman: she’s perfect for this administration.
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Zycki11
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Zycki11 9/27/2022 3:18pm
9/27/2022 3:18pm
Zycki11 wrote:
We are not in a recession until Karine Jean-Pierre says we are by definition
TeamGreen wrote:
That poor woman: she’s perfect for this administration.
I laughed when Psaki left... She is a smart women who can think on her toes and they replaced her with the literal opposite of ole circle back. Imagine if your Biden and your employee became the person on TV dogging the shit out of you and saying the party needs to get away from him. That has to sting a bit
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SEEMEFIRST
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SEEMEFIRST 9/27/2022 7:10pm
9/27/2022 7:10pm Edited Date/Time 9/27/2022 7:12pm
The new woman may be a sweetheart, but she sucks at her job.

Question: Pakistan says or big cities aren't safe, what does the administration say?

Jean-Pierre: We are working to work on Medicare and other plans to make life better, blah,blah,blah...

What the fuck? Over.

At least Psaki could lay out some bullshit that was in the same stratosphere as the question.
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hubbardmx50
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hubbardmx50 9/28/2022 9:47am
9/28/2022 9:47am
Gas just went up another 30 cents here in Communist California. So......... are we in a recession yet?
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TeamGreen
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TeamGreen 9/28/2022 12:21pm
9/28/2022 12:21pm
hubbardmx50 wrote:
Gas just went up another 30 cents here in Communist California. So......... are we in a recession yet?
No, no, no…

The President said, AGAIN, today…

That the price of gas is going down! Grinning
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MudPup545
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MudPup545 9/28/2022 12:31pm
9/28/2022 12:31pm
hubbardmx50 wrote:
Gas just went up another 30 cents here in Communist California. So......... are we in a recession yet?
TeamGreen wrote:
No, no, no…

The President said, AGAIN, today…

That the price of gas is going down! Grinning
$3.85 to $4.19 here overnight.

And he was also looking for a dead woman in a crowd today. 🙄
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KennyT
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KennyT 9/28/2022 3:03pm
9/28/2022 3:03pm
Chevron in Encinitas today had Premium at $6.99. Time to shop around again, I thought gas was going to drop until November
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Titan1
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Titan1 9/28/2022 3:09pm
9/28/2022 3:09pm
Gas went from $4.15 to $4.10 overnight at my neighborhood station...lowest its been in a long time.
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philG
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philG 9/28/2022 3:36pm
9/28/2022 3:36pm
I miss the good old days, cheap gas, no wars, great economy. Anyway , enough about 2019

Still, no mean tweets, so its a fair trade.
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KennyT
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KennyT 9/28/2022 4:57pm
9/28/2022 4:57pm
Titan1 wrote:
Gas went from $4.15 to $4.10 overnight at my neighborhood station...lowest its been in a long time.
San Diego county is posting record increases once again. And Utah is dropping, so typical
Titan1
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Titan1 9/28/2022 5:23pm
9/28/2022 5:23pm Edited Date/Time 9/28/2022 5:24pm
Titan1 wrote:
Gas went from $4.15 to $4.10 overnight at my neighborhood station...lowest its been in a long time.
KennyT wrote:
San Diego county is posting record increases once again. And Utah is dropping, so typical
Outside of varying state has taxes…I don’t get the fluctuation from state to state, county to county, and sometimes city to city. It makes no sense to me?

And we will see how long the decreases last…
monkeybut417
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monkeybut417 9/28/2022 6:16pm
9/28/2022 6:16pm
Titan1 wrote:
Gas went from $4.15 to $4.10 overnight at my neighborhood station...lowest its been in a long time.
KennyT wrote:
San Diego county is posting record increases once again. And Utah is dropping, so typical
Titan1 wrote:
Outside of varying state has taxes…I don’t get the fluctuation from state to state, county to county, and sometimes city to city. It makes no sense...
Outside of varying state has taxes…I don’t get the fluctuation from state to state, county to county, and sometimes city to city. It makes no sense to me?

And we will see how long the decreases last…
Shipping cost/demand
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bite_the_curb 9/28/2022 6:55pm
9/28/2022 6:55pm
cant even immagine what its like to be on the bottom end of the lower middle class with 2 young kids and a mortgage

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Titan1
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Titan1 9/28/2022 7:00pm
9/28/2022 7:00pm
bite_the_curb wrote:
cant even immagine what its like to be on the bottom end of the lower middle class with 2 young kids and a mortgage

You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties!


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SEEMEFIRST
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SEEMEFIRST 9/28/2022 7:44pm
9/28/2022 7:44pm
bite_the_curb wrote:
cant even immagine what its like to be on the bottom end of the lower middle class with 2 young kids and a mortgage

Titan1 wrote:
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties! [img]https://p.vitalmx.com/photos/forums/2022/09/28/571192/s1200_315D3BC0_E980_4D65_B6B5_644D7B66D6D4.jpg[/img]
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties!


But he's right.
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Titan1
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Titan1 9/28/2022 7:53pm
9/28/2022 7:53pm
bite_the_curb wrote:
cant even immagine what its like to be on the bottom end of the lower middle class with 2 young kids and a mortgage

Titan1 wrote:
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties! [img]https://p.vitalmx.com/photos/forums/2022/09/28/571192/s1200_315D3BC0_E980_4D65_B6B5_644D7B66D6D4.jpg[/img]
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties!


SEEMEFIRST wrote:
But he's right.
It’s not just this one post..,it’s almost every post, no matter the topic (moto or non moto).

And let’s be real…lower income people with two kids and a mortgage are ALWAYS struggling…sure inflation has made it worse…but they were already struggling. (At least they have a mortgage so their landlord can’t jack up their rent though)
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KennyT 9/28/2022 8:18pm
9/28/2022 8:18pm Edited Date/Time 9/28/2022 8:19pm
Titan1 wrote:
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties! [img]https://p.vitalmx.com/photos/forums/2022/09/28/571192/s1200_315D3BC0_E980_4D65_B6B5_644D7B66D6D4.jpg[/img]
You’re just a Ray of sunshine, aren’t you?…I bet you’re a blast at parties!


SEEMEFIRST wrote:
But he's right.
Titan1 wrote:
It’s not just this one post..,it’s almost every post, no matter the topic (moto or non moto). And let’s be real…lower income people with two kids...
It’s not just this one post..,it’s almost every post, no matter the topic (moto or non moto).

And let’s be real…lower income people with two kids and a mortgage are ALWAYS struggling…sure inflation has made it worse…but they were already struggling. (At least they have a mortgage so their landlord can’t jack up their rent though)
I have a mortgage but my monthly cost are skyrocketing. Property taxes raise every year and are now over $8,000 a year, last months SDGE bill finally broke into 4 figures - with solar, water $200+ per month with rationing. Sometimes I wonder if I should sell this place and go buy a boat and live at the harbor. It’s going to be very hard to keep it if I’m ever able to retire. And no I am not wealthy, I live n a middle class neighborhood and pound nails for a living.
Titan1
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Titan1 9/28/2022 8:36pm
9/28/2022 8:36pm Edited Date/Time 9/28/2022 8:38pm
SEEMEFIRST wrote:
But he's right.
Titan1 wrote:
It’s not just this one post..,it’s almost every post, no matter the topic (moto or non moto). And let’s be real…lower income people with two kids...
It’s not just this one post..,it’s almost every post, no matter the topic (moto or non moto).

And let’s be real…lower income people with two kids and a mortgage are ALWAYS struggling…sure inflation has made it worse…but they were already struggling. (At least they have a mortgage so their landlord can’t jack up their rent though)
KennyT wrote:
I have a mortgage but my monthly cost are skyrocketing. Property taxes raise every year and are now over $8,000 a year, last months SDGE bill...
I have a mortgage but my monthly cost are skyrocketing. Property taxes raise every year and are now over $8,000 a year, last months SDGE bill finally broke into 4 figures - with solar, water $200+ per month with rationing. Sometimes I wonder if I should sell this place and go buy a boat and live at the harbor. It’s going to be very hard to keep it if I’m ever able to retire. And no I am not wealthy, I live n a middle class neighborhood and pound nails for a living.
I honestly dont understand why anyone would want to live in California…but I wish those that leave would either keep driving through Utah, and on to Colorado…or if they insist on staying, change their voting habits (they are gradually trying to turn Utah into California…the place they left because it wasn’t as good as here, and it wasn’t as good because of the people they voted for).

For reference…My house is valued at around $1.2m (for now…lol) with 4500 sq feet (2250main floor with a 2250 sq ft finished basement)…my property taxes are just over $3k/year…

My water, gas, garbage, electric is about $300/month on average. (I don’t have solar). I can’t fathom paying four figures for utilities.

Good news for you is that as the housing market softens and values fall, your property taxes should start falling as well…
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Tyrone lavelle 9/29/2022 7:20am
9/29/2022 7:20am
Let's see how much the leftist crap that the dims pull out of their crusty keesters before we vote their sorry butts out of office in 2022! If you give me a thumbs down, you are a snow flake. LOL!Woohoo
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hubbardmx50
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hubbardmx50 9/29/2022 8:57am
9/29/2022 8:57am
I think this abortion crap is really going to hurt republicans in the mid terms. Not that Republicans aren't crazy either. I think we're in for a wild ride over the next two years. I miss 2019
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