Now that INFLATION is under control Federal Reserve Chair Jerome Powell 'Interest Rate cuts coming in fall'....

[harddriver]

 

[Dan Gleesak]

Phew

 

[Geo]

Damn the inflation, full speed ahead.

What we need is higher rates. Lower rates will only make the rich more wealthy.

 

[TheBiggestJerk]

PLEEEEEEEEEASE!?

 

[Bad Brain]

For those that are expecting prices to come down, they aren’t going to. The fed is going to cut rates because the pace of inflation is slowing. They will never allow asset prices to actually fall.

 

[rsm]

well the market closed up today, to there's that.

every up market day is another day closer to my early retirement.

 

[japetus]

well the market closed up today, to there's that.

every up market day is another day closer to my early retirement.

Enjoy the Decline

 

[Geo]

well the market closed up today, to there's that.

every up market day is another day closer to my early retirement.

Lowering the interest rate will make the market go higher, until it doesn't.

 

[Bad Brain]

While the market as a whole is obviously dependent on the economy, individual companies could very well outlast the dollar (And the United States). Zimbabwe’s stock market went through the roof during their hyperinflation. That’s why. Everyone should stop measuring performance in dollars and instead measure dollars in hard assets like gold and real estate or as basket of commodities, even the stock indexes.

 

[rsm]

Lowering the interest rate will make the market go higher, until it doesn't.

I just need to hit my "magic number" in under 2 years; fiat currency manipulation be damned!

 

[Dan Gleesak]

For those that are expecting prices to come down, they aren’t going to. The fed is going to cut rates because the pace of inflation is slowing. They will never allow asset prices to actually fall.

Gas in MA is down .001 cents from last month.

 

[Geo]

 

[VonBonfire]

Gas in MA is down .001 cents from last month.

ROAD TRIP!!

 

[Bad Brain]

Gas in MA is down .001 cents from last month.

 

[rsm]

 

[Bad Brain]

Weren’t the American revolutionaries unhappy about a 2-3% tax rate? ?

 

[rsm]

Weren’t the American revolutionaries unhappy about a 2-3% tax rate? ?

during the war of northern aggression, Congress passed the first income tax, it was a flat tax of 3% up to a certain income, and 5% flat tax for those earning more than $10,000 and there was no upper limit.


income tax was sold to the American people as a tax on the wealthy when introduced in 1913; at the time it was true, with about 3% of the population subject to pay income tax. now, roughly 60% of the population that pays income tax.

 

[Floyd Eye]

during the war of northern aggression, Congress passed the first income tax, it was a flat tax of 3% up to a certain income, and 5% flat tax for those earning more than $10,000 and there was no upper limit.


income tax was sold to the American people as a tax on the wealthy when introduced in 1913; at the time it was true, with about 3% of the population subject to pay income tax. now, roughly 60% of the population that pays income tax.

And about 40% get a return even though they paid zero.

 

[Dan Gleesak]

ROAD TRIP!!

I’ll trade you maple syrup for cheap cigarettes