Euro Hits Parity with US Dollar for First Time in 20 Years

[WhatsHisNuts]

https://markets.businessinsider.com...ce-recession-inflation-energy-20-years-2022-7

Wholesale inflation in the eurozone is running at an eye-watering 36.3%, largely because of energy prices, while that in the United States is just 10.8%. The ECB has not yet raised interest rates, which are at 0%, while the Fed has raised rates to 1.75% from 0.25-0.50% at the start of the year and more large hikes are in the works.

Keep blaming Biden for a global crisis. :0003

 

[Cricket]

How's your 401K ?

 

[WhatsHisNuts]

How's your 401K ?

It's down ~ 20%. It has nothing to do with Biden, just like when it was at an all time high in 2021, it had nothing to do with Biden. YoiuTube has a lot of free educational videos on personal finance. Seems like you have a lot to learn.

 

[Cricket]

China Joe and his handlers are good pulling the lo mein over your eyes.

 

[yyz]

It's down ~ 20%. It has nothing to do with Biden, just like when it was at an all time high in 2021, it had nothing to do with Biden. YoiuTube has a lot of free educational videos on personal finance. Seems like you have a lot to learn.

They also have plenty of videos about the election being stolen, Trump still being President, the Earth being flat, etc.

I guess it just depends on what is important in your life.

:shrug:

 

[WhatsHisNuts]

China Joe and his handlers are good pulling the lo mein over your eyes.

What specific policy or policies of Biden have caused the stock market drop starting in January 2022? If you can't answer, you're either a liar or stupid. I'm going with stupid.

 

[WhatsHisNuts]

They also have plenty of videos about the election being stolen, Trump still being President, the Earth being flat, etc.

I guess it just depends on what is important in your life.

:shrug:

As Skullfuck proved, they have a lot of crap on there.....but there's a ton of educational stuff out there. If we go by "How's your 401k?" as the criteria, that probably puts Obama up there as one of the greatest presidents of all time, since he presided over the longest economic expansion in the history of the country.

 

[Cricket]

What specific policy or policies of Biden have caused the stock market drop starting in January 2022? If you can't answer, you're either a liar or stupid. I'm going with stupid.

Energypolicies ,excessive government spending,border and foreign policies. Pretty much everything he's done and problems he's ignored have combined to weaken confidence in the market.:chairshot.......xcya

 

[yyz]

:facepalm:

 

[WhatsHisNuts]

Energypolicies ,excessive government spending,border and foreign policies. Pretty much everything he's done and problems he's ignored have combined to weaken confidence in the market.:chairshot.......xcya

Which policies? What spending? Which foreign policies? Come on, Champ. Tell us.

Energy: We're near record domestic oil production. Last year, the US produced more than it used. There's a land war in Europe and one of the largest global producers is being cut out of the market.

Spending: If you are going down the COVID stimulus path, you have to acknowledge that what Biden pushed through once, Trump did TWICE.

Border & Foreign: I seriously have no idea what this would have to do with anyone's 401k balance.

 

[Cricket]

Which policies? What spending? Which foreign policies? Come on, Champ. Tell us.

Energy: We're near record domestic oil production. Last year, the US produced more than it used. There's a land war in Europe and one of the largest global producers is being cut out of the market.

Spending: If you are going down the COVID stimulus path, you have to acknowledge that what Biden pushed through once, Trump did TWICE.

Border & Foreign: I seriously have no idea what this would have to do with anyone's 401k balance.

I feel these are already established facts and am tired of your useless questions trying to bait everybody into arguments. Enlighten yourself : https://www.heritage.org/progressiv...n-has-built-back-chaos-uncertainty-and-misery

 

[yyz]

I feel these are already established facts and am tired of your useless questions trying to bait everybody into arguments. Enlighten yourself : https://www.heritage.org/progressiv...n-has-built-back-chaos-uncertainty-and-misery

Baiting into arguments? You mean like, "How's your 401k?"

 

[WhatsHisNuts]

I feel these are already established facts and am tired of your useless questions trying to bait everybody into arguments. Enlighten yourself : https://www.heritage.org/progressiv...n-has-built-back-chaos-uncertainty-and-misery

The closest the author comes to explaining what Biden did to cause inflation is blaming it on the Infrastructure package……….apparently they missed the part about when it starts, that it covers 10 years of overdue work and the plan to pay for it.

My favorite part is when the author says inflation coupled with a supply chain crisis. How about inflation BECAUSE of the supply chain crisis partly due to near record employment levels. Nah. Can’t say that because it doesn’t make Biden look like the culprit.