Recession...

MudPup545
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9/9/2022 7:20am

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TeamGreen
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9/9/2022 5:12pm
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/09/567686/s1200_4C2B8F40_408E_4DEE_87A8_BC056B5F8CCA.jpg[/img]

On, no you di’n’t!
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Shiner590
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Ithaca, NY, USA
9/9/2022 8:20pm
It’s pretty neat how these people in charge just change things in Wikipedia repeatedly to fit their narrative. Hunter Bidens work history has also been scrubbed on Wikipedia to prevent himself being linked to Chinese Government. Facts.
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9/10/2022 3:07am
Shiner590 wrote:
It’s pretty neat how these people in charge just change things in Wikipedia repeatedly to fit their narrative. Hunter Bidens work history has also been scrubbed...
It’s pretty neat how these people in charge just change things in Wikipedia repeatedly to fit their narrative. Hunter Bidens work history has also been scrubbed on Wikipedia to prevent himself being linked to Chinese Government. Facts.
Science is the the religion and google is the bible, well that's what they want for us.
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The Shop

MudPup545
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9/14/2022 3:53am

9
9/14/2022 6:56am
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/14/568404/s1200_25FF609D_3559_40BB_8CB1_33F64F705AFC.jpg[/img]

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
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9/14/2022 12:03pm
we've been in a recession since 2008, we just got used to it and now its getting worse.

the world before 2008 was a very, very different place.
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5
TeamGreen
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9/15/2022 12:35am
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/14/568404/s1200_25FF609D_3559_40BB_8CB1_33F64F705AFC.jpg[/img]

: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
Dude, your too funny.

What’s your dollar worth today versus then?
What’s a gallon of gas costing you?
What’s “year over year” inflation escalated to?
How’re those interest rates doin’?
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6
9/15/2022 5:21am Edited Date/Time 9/15/2022 5:21am
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/14/568404/s1200_25FF609D_3559_40BB_8CB1_33F64F705AFC.jpg[/img]

: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:
Dude, your too funny. What’s your dollar worth today versus then? What’s a gallon of gas costing you? What’s “year over year” inflation escalated to? How’re...
Dude, your too funny.

What’s your dollar worth today versus then?
What’s a gallon of gas costing you?
What’s “year over year” inflation escalated to?
How’re those interest rates doin’?
I don't know what's funny about 26k being lower than 31k or what any of your "whatabouts" have to do with anything I said....Unsure
4
TeamGreen
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9/15/2022 9:33am
: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:
Dude, your too funny. What’s your dollar worth today versus then? What’s a gallon of gas costing you? What’s “year over year” inflation escalated to? How’re...
Dude, your too funny.

What’s your dollar worth today versus then?
What’s a gallon of gas costing you?
What’s “year over year” inflation escalated to?
How’re those interest rates doin’?
I don't know what's funny about 26k being lower than 31k or what any of your "whatabouts" have to do with anything I said....Unsure
How and why the market responds to different occurrences is kinda important and is more to the point than your selective memories that seem forget WHAT the country was going thru at that time and how the current President has simply made things worse.

But, no worries: I bring up ACTUAL FINANCIAL DISCREPANCIES that are going on NOW…

And you simply go full TDS; and, that IS funny.

All the while…You are championing a failure…which, sadly…
Isn’t funny
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6
9/15/2022 10:08am Edited Date/Time 9/15/2022 10:10am
TeamGreen wrote:
Dude, your too funny. What’s your dollar worth today versus then? What’s a gallon of gas costing you? What’s “year over year” inflation escalated to? How’re...
Dude, your too funny.

What’s your dollar worth today versus then?
What’s a gallon of gas costing you?
What’s “year over year” inflation escalated to?
How’re those interest rates doin’?
I don't know what's funny about 26k being lower than 31k or what any of your "whatabouts" have to do with anything I said....Unsure
TeamGreen wrote:
How and why the market responds to different occurrences is kinda important and is more to the point than your selective memories that seem forget WHAT...
How and why the market responds to different occurrences is kinda important and is more to the point than your selective memories that seem forget WHAT the country was going thru at that time and how the current President has simply made things worse.

But, no worries: I bring up ACTUAL FINANCIAL DISCREPANCIES that are going on NOW…

And you simply go full TDS; and, that IS funny.

All the while…You are championing a failure…which, sadly…
Isn’t funny
You seem to be confused.

Someone posted a picture stating the DJIA was at it's lowest point in a two year time period. That was obviously false and very easily disprovable. I posted some of the figures and dates that clearly pointed out why it was false.

I don't know what you're talking about.

No one said anything about Trump. There is nothing humorous in comparing some numbers and dates. I never even mentioned a name, let alone championed anyone.

I appears you are imagining arguments that never occurred and for some reason expect me to defend your imaginary position.
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MudPup545
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9/16/2022 10:30am


Source: Wall Street Journal
2
TeamGreen
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9/16/2022 12:08pm
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/16/568701/s1200_5D5930F0_C6C1_40EE_8D2C_FC597EC1FF48.jpg[/img] Source: Wall Street Journal


Source: Wall Street Journal
There it is.
4
9/16/2022 4:02pm
FEDEX stock tanked overnight because of the release of their first quarter lack of earnings. Pinch was at a high of $264 per share and now its at $161. Both UPS and Amazon are running circles around fedex's "slow to adjust" or fail to see the writing on the wall way of doing business. Fedex "reaped what it sowed" Wink
2
Shiner590
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9/16/2022 4:11pm
It blows my mind that anyone could still support this president, after he’s tanked the world economy.

How blind can these people be
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4
FLmxer
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SouthWest, FL, USA
Fantasy
9/17/2022 7:50am Edited Date/Time 9/17/2022 7:53am
I'm surprised Amazon didn't tank after former employees that left for Google had to start a support group because of the horrible work conditions at Amazon where they claimed that everyone wasn't given a macbook so they had to use regular computers and they were only allowed one bagel during meetings. Oh the horror.
I fealt so privileged to make $4.10 digging holes in concrete while sipping on a warm big gulp at 5pm I got at 7am and my can of ravioli cooking on the engine block of the crane truck. Those were good times. I should of complained but I needed to work to support my family and the company would of just said "bye".
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1
9/17/2022 8:08am
FLmxer wrote:
I'm surprised Amazon didn't tank after former employees that left for Google had to start a support group because of the horrible work conditions at Amazon...
I'm surprised Amazon didn't tank after former employees that left for Google had to start a support group because of the horrible work conditions at Amazon where they claimed that everyone wasn't given a macbook so they had to use regular computers and they were only allowed one bagel during meetings. Oh the horror.
I fealt so privileged to make $4.10 digging holes in concrete while sipping on a warm big gulp at 5pm I got at 7am and my can of ravioli cooking on the engine block of the crane truck. Those were good times. I should of complained but I needed to work to support my family and the company would of just said "bye".
I would have done it for $3.90.
2
TeamGreen
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9/23/2022 2:33pm
MudPup545 wrote:
[img]https://p.vitalmx.com/photos/forums/2022/09/14/568404/s1200_25FF609D_3559_40BB_8CB1_33F64F705AFC.jpg[/img]

: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
You were saying…?

2
ratbeagle139
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Lazy E, OK, USA
9/23/2022 3:28pm Edited Date/Time 9/23/2022 3:28pm
we've been in a recession since 2008, we just got used to it and now its getting worse. the world before 2008 was a very, very...
we've been in a recession since 2008, we just got used to it and now its getting worse.

the world before 2008 was a very, very different place.
You’re not that far off.

1
9/23/2022 7:07pm
You’re not that far off. [img]https://p.vitalmx.com/photos/forums/2022/09/23/570028/s1200_AB5EBFFA_EDB8_418A_B952_BBE5D069CC07.jpg[/img]
You’re not that far off.

this is my biggest issue with boomers and some of the older gen X'ers that dont seem to understand this. the amount of damage that was done via money printing makes "hard work" more or less pointless at this point.
1
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Titan1
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Lehi, UT, USA
9/23/2022 8:02pm
You’re not that far off. [img]https://p.vitalmx.com/photos/forums/2022/09/23/570028/s1200_AB5EBFFA_EDB8_418A_B952_BBE5D069CC07.jpg[/img]
You’re not that far off.

this is my biggest issue with boomers and some of the older gen X'ers that dont seem to understand this. the amount of damage that was...
this is my biggest issue with boomers and some of the older gen X'ers that dont seem to understand this. the amount of damage that was done via money printing makes "hard work" more or less pointless at this point.
You’re wrong. Don’t blame your perceived lack of options on anyone but yourself. Take some personal responsibility and create the life you want. And if you fail at that, that’s on nobody but you.

Remember “boomers” lived through the crazy inflation of the 70’s/80’s…they’ve experienced their own economic issues, and overcome their own obstacles, different, but no less significant or daunting, than what you feel you are facing right now. They survived and thrived, and so can you. But it’s up to you…and if you fail, that’s also up to you.
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2
9/23/2022 8:12pm
Titan1 wrote:
You’re wrong. Don’t blame your perceived lack of options on anyone but yourself. Take some personal responsibility and create the life you want. And if you...
You’re wrong. Don’t blame your perceived lack of options on anyone but yourself. Take some personal responsibility and create the life you want. And if you fail at that, that’s on nobody but you.

Remember “boomers” lived through the crazy inflation of the 70’s/80’s…they’ve experienced their own economic issues, and overcome their own obstacles, different, but no less significant or daunting, than what you feel you are facing right now. They survived and thrived, and so can you. But it’s up to you…and if you fail, that’s also up to you.
did you not see the infographic that was posted?

we're literally living in weimar america with inflation and degeneracy
9
Titan1
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9/23/2022 8:25pm
Titan1 wrote:
You’re wrong. Don’t blame your perceived lack of options on anyone but yourself. Take some personal responsibility and create the life you want. And if you...
You’re wrong. Don’t blame your perceived lack of options on anyone but yourself. Take some personal responsibility and create the life you want. And if you fail at that, that’s on nobody but you.

Remember “boomers” lived through the crazy inflation of the 70’s/80’s…they’ve experienced their own economic issues, and overcome their own obstacles, different, but no less significant or daunting, than what you feel you are facing right now. They survived and thrived, and so can you. But it’s up to you…and if you fail, that’s also up to you.
did you not see the infographic that was posted?

we're literally living in weimar america with inflation and degeneracy
Of course things changed after 2008…and things changed after 2001…and after the S&L scandals, and after The New Deal and the Great Depression before than…and a bunch of other things between the Great Depression and now….things ALWAYS change. And young people have always felt like they were screwed and the older generation messed everything up for them…and they’ve all
Been wrong.

So When I said “you’re wrong” it was in response to the “hard work is more or less pointless at this point”…you are very wrong about that. Use your brain, leverage your network, take risks, work hard, and create the life you want for yourself. Simple as that…you might fail, but at least you fail on your own terms…but please don’t blame anyone else.
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1
lestat
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Piut, RE
9/24/2022 11:11am
Boomers were paying 17% mortgages in the 80’s . Wasn’t all a bed of roses for them either .
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2
avidchimp
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EGL, MN, USA
9/24/2022 7:32pm
lestat wrote:
Boomers were paying 17% mortgages in the 80’s . Wasn’t all a bed of roses for them either .
I'd happily pay a 17% mortgage on the house my boomer parents bought for 85k that is now "worth" close to 3mil. I got lucky and did ok, but no fucking way most kids today are going to be able to have the life our parents had. My kids included.
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3
9/24/2022 10:04pm
lestat wrote:
Boomers were paying 17% mortgages in the 80’s . Wasn’t all a bed of roses for them either .
avidchimp wrote:
I'd happily pay a 17% mortgage on the house my boomer parents bought for 85k that is now "worth" close to 3mil. I got lucky and...
I'd happily pay a 17% mortgage on the house my boomer parents bought for 85k that is now "worth" close to 3mil. I got lucky and did ok, but no fucking way most kids today are going to be able to have the life our parents had. My kids included.
Maybe you need to go buy a house in an area nobody else is wanting to live so you can afford it, like your parents did 50 years ago. Your parents probably couldn't afford to buy in a highly desirable area either.
You think you should be there because you grew up there. But that's not how it works.
TM
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3
Zycki11
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Edwardsville, IL, USA
9/25/2022 10:44am
It is much more difficult to create a living for yourself today as the system is purposely making it this way. Boomers made money by doing nothing and buying a house. Most families in California bought a home and watched it appreciate in value YOY and then turn around and say yeah I’m smart. Truth is they got lucky as hell. There are many ways to make your money you just have to take the risk and be diligent
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5
9/25/2022 3:30pm
Zycki11 wrote:
It is much more difficult to create a living for yourself today as the system is purposely making it this way. Boomers made money by doing...
It is much more difficult to create a living for yourself today as the system is purposely making it this way. Boomers made money by doing nothing and buying a house. Most families in California bought a home and watched it appreciate in value YOY and then turn around and say yeah I’m smart. Truth is they got lucky as hell. There are many ways to make your money you just have to take the risk and be diligent
I got lucky in the California real estate game, but I also took a huge risk. I was nervous as hell buying our old house, it seemed like we were buying the peak. The home value had increased a lot over the years prior. But I was wrong. It's easier and safer to just pay rent, so that's the easy way out. And that's what the average person does, they don't want to have to fix toilets, or maintain a lawn.

Our other property we bought as a foreclosure in 2008 or 2009 when the housing market took a huge hit. My wife and I were just dating at the time, and I saw her spend a whole lot of money for her apartment before that and I thought renting was really dumb, considering you were just throwing your money away. We could have sold it when we moved out to California, but we kept it and rented it out so that somebody else could build our equity for us. And then we sold a couple months ago.

Don't fight the fed, If Jerome Powell is saying that houses are overpriced, then they are probably going to keep raising interest rates to get it under control.



We got out of California 2 years ago, and it really seems like the ridiculous cost of living followed us to the Midwest.
1
JustMX
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USA
9/25/2022 4:49pm Edited Date/Time 9/25/2022 4:50pm
Damn vanillaice782,

I believed you the first time
9/25/2022 4:55pm
JustMX wrote:
Damn vanillaice782,

I believed you the first time
Haha, it kept saying server error. So I hit the button a couple times

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