The US Economy

[In2ition]

Objective reality is irrelevant.

To the ignorant.

Yeah, well the ignorati vote and can force us to live in their world.

Yeah, democracy! Where the 50 + 1 can impose tyranny on the 50 - 1.

[Cap]

Objective reality is irrelevant.

To the ignorant.

Yeah, well the ignorati vote and can force us to live in their world.

Yeah, democracy! Where the 50 + 1 can impose tyranny on the 50 - 1.

You know, if that’s the way it worked, we’d probably be OK, because 51% of the electorate is actually sane. Unfortunately, the idiots get disproportionate representation in the Senate and the Electoral College.

[In2ition]

Objective reality is irrelevant.

To the ignorant.

Yeah, well the ignorati vote and can force us to live in their world.

Yeah, democracy! Where the 50 + 1 can impose tyranny on the 50 - 1.

You know, if that’s the way it worked, we’d probably be OK, because 51% of the electorate is actually sane. Unfortunately, the idiots get disproportionate representation in the Senate and the Electoral College.

2 wolves and a sheep are trying to decide what's for dinner.

[Mori Chu]

Who are the wolves and sheep in this analogy?

[In2ition]

Who are the wolves and sheep in this analogy?

Does it make a difference? If it does, that's the problem.

[Kryptonic]

Who are the wolves and sheep in this analogy?

Does it make a difference? If it does, that's the problem.

It’s a simple question…. Didn’t see anything wrong with it.

[In2ition]

Who are the wolves and sheep in this analogy?

Does it make a difference? If it does, that's the problem.

It’s a simple question…. Didn’t see anything wrong with it.

Then you're missing the point. It can be anyone you like or the opposite. It doesn't represent any particular side. Just move forward and think about the logical conclusion.

[Kryptonic]

Who are the wolves and sheep in this analogy?

Does it make a difference? If it does, that's the problem.

It’s a simple question…. Didn’t see anything wrong with it.

Then you're missing the point. It can be anyone you like or the opposite. It doesn't represent any particular side. Just move forward and think about the logical conclusion.

Yup…. Everyone else missing the point. You can’t simply answer a question?

[In2ition]

Who are the wolves and sheep in this analogy?

Does it make a difference? If it does, that's the problem.

It’s a simple question…. Didn’t see anything wrong with it.

Then you're missing the point. It can be anyone you like or the opposite. It doesn't represent any particular side. Just move forward and think about the logical conclusion.

Yup…. Everyone else missing the point. You can’t simply answer a question?

Come on, the wolves are the teletubbies and the sheep are the smurfs, duh!

[In2ition]

Interesting development that we'll need to monitor.

[Mori Chu]

^ Source?

[In2ition]

^ Source?

Here you go. Is this a respected enough source?
U.S. bank profits drop 44% in Q4 as big firms cover failed bank costs
By Pete Schroeder
March 7, 20248:37 AM MST
https://www.reuters.com/markets/us/us-b ... 024-03-07/

[Superbone]

I was in New York last May and I can confirm that many of the the office space sky scrapers were empty. But this is all a result of the pandemic.

[Mori Chu]

Strong February jobs report. The Biden economy is strong.

[Nodack]

Must be fake…

[In2ition]

You aren't and you don't have any kids that have a dream of being a first time home buyer. Neither does Sen. Stabenow, apparently.

[Nodack]

Jamie Dimon and Ray Dalio Warned of an Economic Disaster That Never Came. What Now?
Many experts thought high interest rates would break the economy and inflation couldn’t be tamed
https://www.wsj.com/economy/jamie-dimon ... w-315ee487
Last year, Bridgewater Associates founder Ray Dalio predicted a “debt crisis” after earlier anticipating a “perfect storm” of economic pain.

High-profile investors and economists including DoubleLine’s Jeffrey Gundlach and Rosenberg Research’s David Rosenberg were just as fearful, with Gundlach last March saying a recession would come “in a few months.” Early last year, economists predicted a 61% chance of recession in 2023.

The experts were way off. They underestimated the impact of government stimulus and the resilience of consumers and businesses. And they were too skeptical of the Federal Reserve’s ability to push inflation lower without sparking a recession. The economy continues to grow at a steady clip. Inflation is getting closer to the Fed’s goal of 2%, unemployment remains near a half-century low and the stock market is near record highs.

“I was bearish on the economy,” Dalio said in an interview. “I got it wrong.”

[Superbone]

Just shows nobody knows the future. I quit listening to "expert" forecasts a long time ago.

[Nodack]

A wise man.

[In2ition]

Of course, gas prices can affect inflation.