pipedreams Posted January 12, 2022 Share Posted January 12, 2022 Things are really bad when the Treasury is paying 7.12% interest for savings bonds…really. "U.S. inflation rose to the highest level in nearly forty years in December, underscoring the high and rising inflation that has been the hallmark of the first year of Joe Biden’s presidency." "The Labor Department said the Consumer Price Index—which tracks what consumers pay for goods and services—rose by seven percent from a year ago. That was the fastest 12-month pace since 1982 and the seventh straight month of inflation above 5 percent. In November, CPI was up 6.9 percent." https://www.breitbart.com/economy/2022/01/12/consumer-prices-rise/ 1 Link to comment Share on other sites More sharing options...
MO Fugga Posted January 12, 2022 Share Posted January 12, 2022 With record profits! 2 Link to comment Share on other sites More sharing options...
Ricordo Posted January 12, 2022 Share Posted January 12, 2022 “In politics we presume that everyone who knows how to get votes knows how to administer a city or a state. When we are ill... we do not ask for the handsomest physician, or the most eloquent one.” 3 Link to comment Share on other sites More sharing options...
Walt Longmire Posted January 12, 2022 Share Posted January 12, 2022 9 hours ago, Ricordo said: “In politics we presume that everyone who knows how to get votes knows how to administer a city or a state. When we are ill... we do not ask for the handsomest physician, or the most eloquent one.” Most people that run for office are a bunch of narcissistic, blow hard, A holes. That doesn't make them qualified. 2 1 Link to comment Share on other sites More sharing options...
Mrs.Cicero Posted January 13, 2022 Share Posted January 13, 2022 And even when they KNOW what the right thing to do is for the long-term good of the area they administer or the constituency they represent... they respond to short-term incentives (like getting re-elected), regardless of the long term consequences of the program the voters (who also can't seem to manage how to think beyond their personal short-term interests, but HEY THEY STILL VOTE) think they want. The older I get, the more I think our system needs some serious tweaks... 3 Link to comment Share on other sites More sharing options...
ChuteTheMall Posted January 13, 2022 Share Posted January 13, 2022 But...but...but....whatabout the Dow? 1 Link to comment Share on other sites More sharing options...
railfancwb Posted January 13, 2022 Share Posted January 13, 2022 17 minutes ago, ChuteTheMall said: But...but...but....whatabout the Dow? Stocks are removed and replaced in the DOW with some regularity. But that certainly wouldn’t be done to help the index climb. Would it? 1 Link to comment Share on other sites More sharing options...
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