Storms are 20% more destructive than just four years ago (warning - deceptive thread title)

[kallend 2,026]

28 minutes ago, SkyDekker said:

If you are worried about that, why would you vote for Trump?

Trump added more debt during his presidency than Biden will.

Those tax cuts for rich people are expensive and they don't stimulate the economy.

Pointing out that Republican administrations almost always add more debt than Dem ones is an unfair debating tactic.

[billvon 2,990]

1 hour ago, SkyDekker said:

If you are worried about that, why would you vote for Trump?

Because reasons.  And Harris had SEX!  With MEN!  Who she wasn't even MARRIED to!

[brenthutch 444]

On 9/16/2024 at 12:46 PM, SkyDekker said:

If you are worried about that, why would you vote for Trump?

Trump added more debt during his presidency than Biden will.

Those tax cuts for rich people are expensive and they don't stimulate the economy.

The Trump tax cuts stimulate MY economy.

[JoeWeber 2,720]

24 minutes ago, brenthutch said:

The Trump tax cuts stimulate MY economy.

And by god that's the standard. Hopes and prayers for other folks, as always.

[jakee 1,489]

41 minutes ago, brenthutch said:

The Trump tax cuts stimulate MY economy.

So why talk such transparent and obvious bullshit about the rest of the economy? If the truth is that a wannabe dictator can buy your support with a short term bribe, just say that.

Of course you might have to own that favourite right wing slogan about bread and circuses, but whatever.

[SkyDekker 1,465]

53 minutes ago, brenthutch said:

The Trump tax cuts stimulate MY economy.

And you explained how you have done amazing under Biden Harris.

Good for you, should probably vote for the person who makes you richer without adding the most debt then. Which all facts suggest is a Dem ticket.

 

But this isn't about facts for you, is it.

[brenthutch 444]

1 hour ago, SkyDekker said:

And you explained how you have done amazing under Biden Harris.

Good for you, should probably vote for the person who makes you richer without adding the most debt then. Which all facts suggest is a Dem ticket.

 

But this isn't about facts for you, is it.

The inflation caused by Bidenomics has devastated lower and moderate income families and crushed the dream of home ownership for millions. 

[billvon 2,990]

2 minutes ago, brenthutch said:

The inflation caused by Bidenomics has devastated lower and moderate income families and crushed the dream of home ownership for millions. 

Nope, sorry.  Since February 2020, the Consumer Price Index has risen 20.8%.  But during that same period, average hourly earnings rose 22.3%.  So WORKING families have come out ahead, and can now better afford things like homes than they could under the disaster that was Trump.

Of course, the non-working poor (the sort you love to hate) are worse off.  But hurting people you dislike is a republican plank. so you gotta be happy about that.

https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569

[brenthutch 444]

7 minutes ago, billvon said:

Nope, sorry.  Since February 2020, the Consumer Price Index has risen 20.8%.  But during that same period, average hourly earnings rose 22.3%.  So WORKING families have come out ahead, and can now better afford things like homes than they could under the disaster that was Trump.

Of course, the non-working poor (the sort you love to hate) are worse off.  But hurting people you dislike is a republican plank. so you gotta be happy about that.

https://www.nbcnews.com/business/economy/inflation-higher-biden-rising-pay-makes-rcna158569

Housing and food have risen much more than 20% but that only effects those who eat or need shelter.

[billvon 2,990]

8 minutes ago, brenthutch said:

Housing and food have risen much more than 20% but that only effects those who eat or need shelter.

Nope, sorry.  The typical worker now has to work about the same number of hours to buy a week's worth of groceries as in 2019, before the COVID-19 pandemic.  So it's flat - even if FOX News tells you otherwise.

Housing is rising faster than that because housing ALWAYS rises faster than inflation.  Which is why so many people invest in real estate.  You as an MBA holder really don't know this?

https://www.npr.org/2024/07/12/nx-s1-5037875/inflation-food-prices-grocery-supermarket-wages#:~:text=As grocery inflation slows%2C wages are catching up.,a half times as fast as grocery prices.

[JoeWeber 2,720]

9 minutes ago, billvon said:

Nope, sorry.  The typical worker now has to work about the same number of hours to buy a week's worth of groceries as in 2019, before the COVID-19 pandemic.  So it's flat - even if FOX News tells you otherwise.

Housing is rising faster than that because housing ALWAYS rises faster than inflation.  Which is why so many people invest in real estate.  You as an MBA holder really don't know this?

https://www.npr.org/2024/07/12/nx-s1-5037875/inflation-food-prices-grocery-supermarket-wages#:~:text=As grocery inflation slows%2C wages are catching up.,a half times as fast as grocery prices.

He said he had an MBA. He didn't say whose it was 

[brenthutch 444]

26 minutes ago, billvon said:

Nope, sorry.  The typical worker now has to work about the same number of hours to buy a week's worth of groceries as in 2019, before the COVID-19 pandemic.  So it's flat - even if FOX News tells you otherwise.

Housing is rising faster than that because housing ALWAYS rises faster than inflation.  Which is why so many people invest in real estate.  You as an MBA holder really don't know this?

https://www.npr.org/2024/07/12/nx-s1-5037875/inflation-food-prices-grocery-supermarket-wages#:~:text=As grocery inflation slows%2C wages are catching up.,a half times as fast as grocery prices.

Not only MBA but real estate mogul as well

[kallend 2,026]

20 minutes ago, JoeWeber said:

He said he had an MBA. He didn't say whose it was 

Well, that's more that Trump got from Wharton.  DT received a bachelors, and not even with honors.  And 50 years later he still goes on about it as if he got the top MBA there.

I suppose that's par for a 6 time bankrupt.

He threatened to sue Penn if his grades were released.  Funny, for a guy who made a big deal out of Obama's academic record.

Edited September 17, 2024 by kallend

[jakee 1,489]

50 minutes ago, brenthutch said:

Housing and food have risen much more than 20% 

Which is, as well as the headine inflation figure, almost exactly the same as the Eurozone numbers. So explain again how you understand that global supply chain issues are a factor and not everything can be blamed on the White House?

48 minutes ago, brenthutch said:

...but that only effects those...

It's the other one.

[gowlerk 2,190]

1 hour ago, jakee said:

Which is, as well as the headine inflation figure, almost exactly the same as the Eurozone numbers. So explain again how you understand that global supply chain issues are a factor and not everything can be blamed on the White House?

It's the other one.

But it effectively affects them.

[brenthutch 444]

4 hours ago, kallend said:

Well, that's more that Trump got from Wharton.  DT received a bachelors, and not even with honors.  And 50 years later he still goes on about it as if he got the top MBA there.

I suppose that's par for a 6 time bankrupt.

He threatened to sue Penn if his grades were released.  Funny, for a guy who made a big deal out of Obama's academic record.

 

4 hours ago, billvon said:

Nope, sorry.  The typical worker now has to work about the same number of hours to buy a week's worth of groceries as in 2019, before the COVID-19 pandemic.  So it's flat - even if FOX News tells you otherwise.

Housing is rising faster than that because housing ALWAYS rises faster than inflation.  Which is why so many people invest in real estate.  You as an MBA holder really don't know this?

https://www.npr.org/2024/07/12/nx-s1-5037875/inflation-food-prices-grocery-supermarket-wages#:~:text=As grocery inflation slows%2C wages are catching up.,a half times as fast as grocery prices.

Then why are they racking up record credit card debt?

Edited September 18, 2024 by brenthutch

[billvon 2,990]

1 hour ago, brenthutch said:

Then why are they racking up record credit card debt?

Holy attempted subject change Batman!

Up next - BH agonizes over the people who can no longer afford penthouses in Manhattan.

[tkhayes 348]

On 9/12/2024 at 10:15 PM, brenthutch said:

Only inflation is well above normal, weather events are within historical ranges.

1000 year rainfall in NC, apparently you missed that.  Of course that is within 'historical ranges' if you consider 1000 years historical when it comes to weather and climatre

[tkhayes 348]

5 hours ago, brenthutch said:

 

Then why are they racking up record credit card debt?

then why are they still using Uber Eats and Door Dash to buy $18 hamburgers if everything is so bad?

[olofscience 480]

14 hours ago, brenthutch said:

Housing and food have risen much more than 20% but that only effects those who eat or need shelter.

Yeah, things like coffee, chocolate, and olive oil prices have risen a LOT because of changing "weather" events all over the world lately.

 

So what do you call weather, averaged over a wide area or time? (then it changes - what's it called?) I bet you'll never get the answer.

[brenthutch 444]

On 9/17/2024 at 9:54 PM, billvon said:

Holy attempted subject change Batman!

Up next - BH agonizes over the people who can no longer afford penthouses in Manhattan.

Not at all, if folks incomes were keeping up with inflation, there would be no need to fill the gap by piling on debt.

[tkhayes 348]

10 minutes ago, brenthutch said:

Not at all, if folks incomes were keeping up with inflation, there would be no need to fill the gap by piling on debt.

Wage growth vs inflation U.S. 2024 | Statista - wages are ahead of inflation except for a 14 month period.  Issue now resolved.  We accept your apology

[billvon 2,990]

1 hour ago, brenthutch said:

Not at all, if folks incomes were keeping up with inflation, there would be no need to fill the gap by piling on debt.

My net worth has gone up by quite a bit in the last 4 years.  I also have more debt than ever before.  Indeed, debt is useful in cases like that to defer taxes, since you pay zero taxes when you get a loan.

Did they not cover cases like that in business school?

[JoeWeber 2,720]

1 hour ago, billvon said:

My net worth has gone up by quite a bit in the last 4 years.  I also have more debt than ever before.  Indeed, debt is useful in cases like that to defer taxes, since you pay zero taxes when you get a loan.

Did they not cover cases like that in business school?

They didn't teach that at the Wartown school of business. I actually just finished reading his thesis:

Time delayed Arbitraging the Double Irish AR-15 Carry Trade using Alternative Faxes.

Fascinating stuff. I may pull some coin out of my Nigerian Driveway Paving Company to get in.

[brenthutch 444]

2 hours ago, billvon said:

My net worth has gone up by quite a bit in the last 4 years.  I also have more debt than ever before.  Indeed, debt is useful in cases like that to defer taxes, since you pay zero taxes when you get a loan.

Did they not cover cases like that in business school?

Is that credit card debt?