THURSDAY, JUNE 30 8:30 am PCE inflation (monthly) May -- 0.2% 8:30 am Core PCE inflation (monthly) May 0.4% 0.3% 8:30 am PCE inflation (year-over-year) May -- 6.3% 8:30 am Core PCE inflation (year-over-year) May 4.8% 4.9% 8:30 am Real disposable income May -- 0.0% 8:30 am Real consumer spending May -- 0.7% 8:30 am Nominal personal income May 0.4% 0.4% 8:30 am Nominal consumer spending May 0.4% 0.9% 8:30 am Initial jobless claims June 25 230,000 229,000 8:30 am Continuing jobless claims June 18 -- 1.32 million 9:45 am Chicago PMI June 58.0 60.3
Capitalism died in 2008. We could have instituted socialism. Rightwingers didn't want to. So we had to bailout corporations and rich people. That was awful. That really hurt for us as democrats, but we needed your votes to get the socialist policies and you refused them. So we've been bailing out rich people for 14 years now. And the show's over. The party's over. All of you on the right are now going to reap what you sow. INB4 all of the mental gymnastics, gaslighting and deflection trying to make it seem like democrats don't want socialism and republicans don't want to subsidize the rich. INB4 the retarded fake "muh free market" rhetoric bullshit that none of you who say it yourselves even believe
James Nguyen
If inflation numbers are worse than projected the shit is gonna hit the fan....or so I have been told.
No. There won't be a crash until we get shitty quarterly earnings reports.
Wyatt Reed
This guy's the biggest piece of shit. MAGA monster. Republican. Unironically openly believes the way to deal with inflation is to destroy working class jobs and make unemployment rise. I hate this piece of shit the most. The federal reserve could be such a wonderful thing if only we didn't elect rightwingers. If you had a socialist in office everything would be so much better. Esp if you expanded the fed to further take control of the banking industry. No idea why rightwingers are such cucks to the banking industry
capitalism literally won in 2008 you fucking idiot. do you people even think about the words you type?
Jackson Jackson
>This guy's the biggest piece of shit. MAGA monster. Republican. Unironically openly believes the way to deal with inflation is to destroy working class jobs and make unemployment rise. I hate this piece of shit the most. The federal reserve could be such a wonderful thing if only we didn't elect rightwingers. If you had a socialist in office everything would be so much better. Esp if you expanded the fed to further take control of the banking industry. No idea why rightwingers are such cucks to the banking industry And do you wanna know why nationalizing the banking industry is good? Jerome Powell's salary as fed chair is 200K a year. He makes 200K. No matter what happens, he make 200K. The problem is that America the rightwing psycho deathcult country elects openly corrupt monsters who openly advocate for corruption (capitalism)
Isaac Martinez
Weren't the recent shitty earnings reports from both Walmart and Target a sign of things to come?
Hunter Price
He's made some pretty questionable statements recently and is in large part responsible for the current inflation due to massive money printing that occurred in 2020 (88c of every USD was printed in the last two years)
I believe the market crash will coincide with “nukes” or the definitive begging of ww3, because they need an excuse so normies wont know they actually stole all the money.
Jackson Sanders
"capitalism literally won in 2008" is one of the dumbest statements ever written on this board and I've had to listen to multiple rightoid retard anons tell me how all mental illness is caused by demons and the only way to get rid of them is by drilling holes in the head's of the afflicted to let the demons out
Parker Clark
just 14 more days
Tyler Mitchell
The salary is just a token amount, he's wealthier than most CEOs
>The Fed chair draws an annual salary of just over $200,000. But Powell certainly doesn't need the money. He is one of the richest individuals to lead the Fed, with a net worth of between $19.7 million and $55 million, according to a financial disclosure.
Jackson Morales
Yeah "get wages down" that's literally his fucking goal. Welcome to life under republicans. This guy, Trump appointed Republican POS. This is how they think. My god, rightwingers have no clue how badly they've backed the wrong horse. We should have had Bernie in office and he'd be taking care of us
Jeremiah Fisher
Nope. NOTHING EVER HAPPENS
Grayson Kelly
Yeah from your beloved private sector, you moron, not from his job as chair of the fed. What did you seriously think he never had a job in the private sector before the fed? For fucks sake talking to you idiots on this board is so tiring because it's like you post this shit and think you're "BTFOing the libtards!" but it's literally just that you're utterly fucking retarded and posting utterly fucking retarded shit
Christopher Cox
>tell me how all mental illness is caused by demons and the only way to get rid of them is by drilling holes in the head's of the afflicted to let the demons out Take meds tranny.
Liam Fisher
You have to admit it's pretty clever of GOP to position themselves as 'champions of the working class' and get over 70 million people to actually believe them, despite constantly fucking over the working class
Camden Hall
Bailing out all the companies is what has led us here. We never recovered from the crash, only exacerbated it.
Asher Kelly
Obviously it's from the private sector. I'm just commenting that the salary is meaningless to him, it's like coins found in the couch. He has no sympathy for anyone dependent on a wage because he hasn't needed one in years
It's not hard to do when the other party literally kills oil production and fucks up gas prices to triple
Mason Campbell
"or so I have been told." By whom?
Daniel Reed
Russia gonna blow us up on Friday, it's no big deal.
Christopher Mitchell
>Yeah from your beloved private sector, you moron, not from his job as chair of the fed. What did you seriously think he never had a job in the private sector before the fed? For fucks sake talking to you idiots on this board is so tiring because it's like you post this shit and think you're "BTFOing the libtards!" but it's literally just that you're utterly fucking retarded and posting utterly fucking retarded shit Also seriously like your comment? Sums up how stupid rightwingers are. Like just the fact that you're so stupid and subhuman it never occurred to you "he made that money as a partner of the Carlyle Group" sums up how fucking brainbroken you all are.
When you get nationalized industry? You don't get profit incentive. He makes 200K a year. No bonuses. No percentages. The problem is because you're stupid rightwingers you elect the most openly corrupt people (capitalists) to serve the needs of the rich and fuck over the people
So you get your republican fed chair saying "oh man we gotta get wages down to stop inflation!"
If you had Bernie in office you'd have a totally different scenario
Jace Turner
>"inflation is high" WOW HOLLY SHIT GET A LOAD OF HIS INSIDER TIP BROS THIS CHANGES EVERYTHING!
Matthew Wright
I'm not right wing, jesus christ, settle down. I literally just mentioned it to indicate that he might be out of touch with the common man, which is entirely true
Christopher Martinez
Yeah, it wouldn't surprise me if we're pushing DOW 40k by November.
But this guy has, quite possibly, what it will really take to tank the market
Jacob Hill
>so normies wont know jews actually stole all the money
Sp500 speak about $4600 -real inflation over the past year =-30% -20% losses year to date. We are already there, yell just didn't account for the inflation weakening the value if companies. Oh and btw the economy itself is strong, consumer spending may decrease though until the supply chains get fixed and land leaches stop raising rents and buying homes.
Anthony Diaz
Nice bait. It was the elite. Political parties are just a circus to keep people entertained.
Yeah I hate it. They use the same playbook Hitler did. They whisper racism and bigotry in the ear and that gets them to trust them over the left
Because most people don't know what "right vs left" is. They don't know these issues. All they know is there are two groups of people and one is called "the left" and it's "kinda gay" and it's full of "over educated fags who use big words that I don't understand"
And then there's "the right", which is full of people who transparently role play as "ordinary folk who you'd like to have a beer with", who shoot guns on TV commercials to make themselves seem "just like you". And they don't use big words, they use little words with downhome accents. And most of all, they whisper racism in your ear. You know they hate ALL the same people you ate
So it's a tribal affiliation and the uneducated rural rightwinger just implicitly trusts them over "the left". Even though "the left" is literally the side looking out for their interests and these rightwing demagogues see them merely as slaves
Levi Gutierrez
the fed will 1929 the entire stock market to prevent the ruling on west virginia vs epa either way, the people win
Bentley Moore
>He makes 200K a year. No bonuses. No percentages plus +100k per speech he gives, which is almost weekly, so thats? almost +$5 million a year so >If you had Bernie in office you'd have a totally different scenario yeah youd have complete economic collapse you fucking retard
