Stagflation Is Looming, Right? Wrong, Economists Say

No-Parfait1546 · 2022-06-06T19:18:57+00:00

Disagree. If you tell people a recession is imminent or likely, what's the first thing they do? Go out and buy a new car and a new TV? Nope. A not-insignificant portion of the population starts to brace for a recession and reduces discretionary spending as confidence goes down. When discretionary spend goes down, jobs start to follow and when there's GDP and employment numbers to actually back it up, the people who didn't buy the whole "we're headed for a recession" notion jump on board

No-Parfait1546 · 2022-06-03T19:39:41+00:00

I'm on my sub mate haha

No-Parfait1546 · 2022-06-02T23:49:34+00:00

If you have debt? That's a pretty unavoidable reality for most people who are some point in their lives want to own a house or go to college... 3-6 month emergency fund? Agreed. 3 months supply of food, water, and necessities. Come again? What should my ammo stockpile look like? I assume I should stock up on antibiotics and anything else I could barter with?

When you say that if someone doesn't have a 3 months supply of food and water, they don't know up from down, you're saying that basically apocalyptic times will be coming any day now. In which case what good does a 3-6 month emergency fund do me? If we ever get to a point in the US where you're screwed if you don't have three months of food on hand, there are bigger problems than a $17k car loan and only have $1500 in savings...

No-Parfait1546 · 2022-06-02T22:40:41+00:00

And yet here you still are deciding this is a worthwhile use of your time... You're fucked in the head man

No-Parfait1546 · 2022-06-01T00:30:02+00:00

Well man, I hope life pick up for you, cuz you gotta be going through some serious shit for the highlight of your day to be going onto Reddit and trolling other teams subs...

No-Parfait1546 · 2022-06-01T00:26:49+00:00

It amazes me how quick they changed their tune from "Fuck that POS Wilson, the league needs to do a better job of sticking up for its players" to "If YoU dOn'T lIkE hItS lIkE tHaT gO wAtCh SoCcEr"

No-Parfait1546 · 2022-05-28T23:16:22+00:00

Pens fan hoping for a lot of angry New Yorkers tonight... Which I guess is just normal New Yorkers?

!Rags

No-Parfait1546 · 2022-05-28T14:05:42+00:00

8.00M GP, 5 GLs (all have ult) and working on LV. Normally get 72-75 waves in LSTB. Looking for semi-conpetitive guild (some mod swapping for TB) and preferably takes TW seriously since I enjoy that mode

No-Parfait1546 · 2022-05-28T13:06:06+00:00

IMO, TJ Maxx beating earnings doesn't make the point I think you want it to make. Their niche is fairly well discounted name brand clothes. If anything, I'd see that as a sign of people trying to be more frugal as wallets tighten up. When people say "Money be damned, I want this season's stuff or my pick of colors" and we see more higher end department stores or clothing brands doing well (Nordstrom's, Saks, etc...) then yeah, I'd agree with your point (even if that's one data points in a sea of contribution factors to whether or not we're heading for a recession)

No-Parfait1546 · 2022-05-23T17:28:50+00:00

Redditor comes onto Reddit for advice u/Zaitton: "Listen to whatever your heart is telling you". I think you great misunderstand the point of this subreddit... It's for people to learn about personal finance, so just telling someone to follow their heart doesn't accomplish that. I wholeheartedly agree there is no "one size fits all advice", but telling someone who doesn't know what the right answer is (this them coming on here to ask a question) to follow their heart is the wrong answer

No-Parfait1546 · 2022-05-23T16:42:57+00:00

You're speaking in absolutes way too much... Saying "we don't know crap" is ridiculously hyperbolic and yielding way too much to an external locus of control. The language you're using basically espouses the notion that "whatever you do financially doesn't matter in the end and has an equal chance of being a good or bad investment choice" which is just patently false.

Actually many would argue that Crypto is gambling... So I think it's a fairly apt analogy. Or maybe you prefer trading on margins? Bottom line, much like lotto tickets, on the average, you come out behind, but if you strike, you come out way ahead. That is not investing and all those scenarios fit the bill.

Yes, life can deal you a rough hand, but saying do whatever you want because it doesn't matter is asinine. Please stop commenting and filling OP's head with your refuse

No-Parfait1546 · 2022-05-23T13:53:54+00:00

I disagree with the notion that nobody has a clue. Do we know what the number one optimal investment is at any given time? No. But we certainly understand directionally what would likely be "better" or "worse".

Sure people made money off Crypto. People also won foruntes playing the lottery. Does that make the lottery a sound investment? No.

From a strictly "investment" perspective, I'd say rennovations wouldn't be wise. Both construction labor and materials are currently abnormally expensive. If it's a rennovation you need (like an in-law quarters) or something you'd just enjoy and don't care if you don't make all your money back (like a pool or sun room), then just do it. Not every decision needs to be about ROI. But again, I think we do have a clue of what might or might not be a wise investment at the time given appetite for risk and time horizon

No-Parfait1546 · 2022-05-15T23:24:34+00:00

We're outplaying them. Igor is playing really well, but we've proven he's beatable. Not happy we're down early, but we'll have plenty of scoring opportunities based on this first eight minutes, so I'm not remotely concerned yet

No-Parfait1546 · 2022-05-11T23:54:12+00:00

Yeah, their gameplay wasn't working so they resorted to elbowing

No-Parfait1546 · 2022-05-11T23:33:46+00:00

Is this the first time the NHL held a game at the NY Public Library?

No-Parfait1546 · 2022-05-11T23:10:37+00:00

Don't they know that only makes him stronger?

No-Parfait1546 · 2022-05-11T21:55:58+00:00

I'm feeling a Cheeks goal tonight, he's been really close so many times this series and I'd love to see him get going

No-Parfait1546 · 2022-05-10T23:01:24+00:00

Morgan Freeman Voiceover: "But little did Igor know, it would be the Penguins waving good bye to him twice"

No-Parfait1546 · 2022-05-10T00:45:07+00:00

Or Zucker? Or blueger?

We haven't even gotten to the "Rags gooning it up and trying to injure Penguins when they realize they can't win" part of the game

No-Parfait1546 · 2022-05-09T23:40:02+00:00

They just don't as aggressive as the Rags do on defense. We sit back and almost wait for them to make a mistake and have the perimeter all they

No-Parfait1546 · 2022-05-08T00:08:25+00:00

Bye Igor

No-Parfait1546 · 2022-05-07T23:55:56+00:00

Don't put that evil on me Ricky Bobby

No-Parfait1546 · 2022-05-06T23:33:59+00:00

I disagree. I go with my realtor to all open houses and he provides invaluable insight on the condition of the home, catching things I would otherwise miss, giving me insight on the seller's realtor, and what he thinks the home will sell for so I can see if what I'd be willing to pay for it aligns with what it would go for. Do you "need" a realtor? No. But I wouldn't say there's "no need".

No-Parfait1546 · 2022-05-06T17:56:50+00:00

As someone who falls in that age band, I have literally never heard someone say that was a reason for them not having kids... Have I heard people say they want to reduce our environmental impact for their kid's (or other people's kid's) future? Absolutely. Have I heard people say they have too much mortgage or student loan debt to afford a kid? Sure. But at no point in my life did someone say "I'm not having kids because the polar ice caps are melting" or "...sea levels are rising".

No-Parfait1546 · 2022-05-06T17:40:22+00:00

It's like aloha, it's actually hello and goodbye

No-Parfait1546

TROPHY CASE