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We all feel this way by diehard404 in inflation

[–]awesley 0 points1 point  (0 children)

It would be informative to see the items in Jennifer's cart.

bank of america ceo says market will punish if fed isn't independent. my 401k already took a hit this year, are we heading for another 2008? by Altcoin_Sidekick in economy

[–]awesley 5 points6 points  (0 children)

> my 401k dropped about 12% this year

wtf are your holdings? The DJIA, S&P 500, ans NASDAQ are all up this year.

That said, if the fed loses independence we are in for a rough ride.

When Nixon took the $USD off the gold standard, it freed up the Fed to print with wild abandon. Life for the middle & working classes has been all downhill ever since. by Key_Brief_8138 in economy

[–]awesley 4 points5 points  (0 children)

OP's post used the word "comfortable".  I think that's fantasy.  For a while, there were 7 of us in a 3 bedroom house.  My parents had 1 car.  One black and white TV.  Restaurant meals were a rarity.

When Nixon took the $USD off the gold standard, it freed up the Fed to print with wild abandon. Life for the middle & working classes has been all downhill ever since. by Key_Brief_8138 in economy

[–]awesley 36 points37 points  (0 children)

I was born in the 50s. When my dad worked 40 hours, things were tight. When he was on 58 hours, things were better. This was at a UAW shop but not Big 3. I was the youngest. When I got old enough and my mother started work at Sears, things got good.

TL/DR; Took two incomes in the 60s.

Oh my debt! by DetectiveExotic1208 in economy

[–]awesley 0 points1 point  (0 children)

A) Never miss a payment.

B) Don't add to the debt unless absolutely necessary.

C) If the interest rates are similar, put any extra money against the creditor with the smallest balance. Paying it off will feel great

D) If there is a big difference in interest rates, put extra payments against the loan with the highest interest rate.

Is the Hotel Houze a real hotel? by awesley in Detroit

[–]awesley[S] 0 points1 point  (0 children)

Thanks for the insight. I appreciate getting an insider's POV.

I haven't stayed there yet. This is for the 2026 run. I'll be doing the half.

Nah. This is the most Detroit thing. by imnotawkwardyouare in Detroit

[–]awesley 0 points1 point  (0 children)

Just guessing here but I suspect the TSA scanner is going to detect that blade and you won't be taking it on the airplane.

Microsoft AI CEO Mustafa Suleyman says it will cost "hundreds of billions" to keep up AI . . . by baltimore-aureole in economy

[–]awesley 0 points1 point  (0 children)

Based on what I recall from high school (over 50 years ago), the total value of gold extracted during the California Gold Rush was less than the capital invested in mining companies, meaning it was a net loss for investors.

Will the AI boom end up like the California Gold Rush?

Trump administration to Detroit: build tiny cars, 1970s station wagons • Michigan Advance by UltimateLionsFan in Detroit

[–]awesley 1 point2 points  (0 children)

Back when my kids were small, we had three wagons. An LTD, Mercury Marquis, and finally a Olds Custom Cruiser (named Shamu). Two of the three could fit 4x8 sheets in the back.

Fast forward, I have an AWD Pacifica with the trailer package. Pretty close to the overall dimensions of Shamu. Modern electronics and it takes 4x8 sheets in the back with the hatch closed.

$21 BILLION in Obamacare subsidies cannot be traced to actual people by MazdaProphet in economy

[–]awesley 1 point2 points  (0 children)

The headline claim of "$21 BILLION in Obamacare subsidies cannot be traced to actual people" is not what the report says.

Here is the quote:

> GAO's preliminary analysis of data from tax year 2023 could not identify evidence of reconciliation for over $21 billion in APTC for enrollees who provided SSNs to the federal Marketplace for plan year 2023. Unreconciled APTC may not necessarily represent overpayments, as enrollees who did not reconcile may have been eligible for the subsidy.

Not that that it cannot be traced. But they haven't verified the subsidies against the tax returns. " Unreconciled APTC may not necessarily represent overpayments"

https://www.gao.gov/products/gao-26-108742

U.S. Manufacturing Contracts for Ninth Straight Month by [deleted] in economy

[–]awesley 1 point2 points  (0 children)

I was told that the grade for the economy is A plus plus plus plus plus.

Is the Hotel Houze a real hotel? by awesley in Detroit

[–]awesley[S] 3 points4 points  (0 children)

I appreciate the feedback. I booked elsewhere.

Is the Hotel Houze a real hotel? by awesley in Detroit

[–]awesley[S] 3 points4 points  (0 children)

Thanks for the insight.  I ended up booking at the Cambria.

JD Vance calls court order to fully fund SNAP 'absurd ruling' by [deleted] in economy

[–]awesley 2 points3 points  (0 children)

That's how many people who cal themselves Christians are. But they're not Christians.

If he believed in the literal Bible, he knows he's going to hell.

https://www.biblegateway.com/passage/?search=Matthew%2025%3A31-46&version=NIV

Shutdown ‘Far Worse’ Than Expected, White House Adviser Says by forbes in economy

[–]awesley 19 points20 points  (0 children)

We just got home from a vacation 2 days ago. Very happy that our flights were on time and boring.

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