wallus

The fed definitely did not act fast enough but I would bet a lot of money that June was peak inflation and it will start to go down in July. I am expecting a .75 rate hike at the next meeting.

Lots of good points on this post. We do need a higher participation rate. We have way too many people receiving disability for things that really shouldn't prevent them from getting a job. Back in the early 1900's when nearly every job was physical? Sure. Now there are plenty of non physical jobs. The people on fixed incomes things is a sore spot for me. If you are on a fixed income, you very likely did not do any kind of retirement saving or you didn't do enough. Social security was never meant to provide all you needed for retirement. It was supposed to keep people out of extreme poverty and for the most part it has done that. I can't get upset if someone that is retired needs to pick up a part time job. Where I work, we used to have lots of retired people work part time to get out of the house and make a few bucks. Now we have very few and I have been told "I don't need the money" more in the last year than ever before. You are right about Covid forcing a lot of parents to stay home. Some of that is by choice and others is because they couldn't get daycare. I don't see this changing for a while because Daycares pay terribly and there are still tons of higher paying jobs available. Perhaps there will be a tipping point when those jobs become desirable again but I don't see that happening for a while. Getting back to a little bit more on the "investment thread", my ETFs paid me record (for them) quarterly dividends so that was nice. Do we see the Fed raising interest rates by .5 or .75 next month? My guess is .5.

Except the CBO said it would add nearly 2 trillion dollars to the debt. "Treasury Secretary Steven Mnuchin claimed that the tax law would not only pay for itself through higher growth, but would reduce the deficit by a trillion dollars. When asked whether these claims were true, Director Hall was unambiguous: No. As his testimony makes clear, “the economy isn’t likely to grow quickly enough to shrink the budget deficit.” CBO projected that the tax cut will add $1.9 trillion to deficits over 10 years, even after accounting for any growth effects. We are already seeing this play out. The deficit grew 17 percent last year and is projected to grow another 15 percent this year even as the economy grew faster. The idea that tax cuts for the wealthy and corporations would allow us to grow our way out of debt – one of Republicans’ favorite myths – has proven incorrect once again. https://budget.house.gov/publications/report/cbo-confirms-gop-tax-law-contributes-darkening-fiscal-future So no, not "orange man bad". It's things that have been tried before and didn't work then and won't work now. Neither side really gives a crap about reducing the debt/deficit.

Well no. With how much of a deficit/debt we have, they will need to decrease spending AND increase revenue. Trickle down theory is universally proven as false. One author is not enough to disprove the countless ones that say it doesn't work. It has been tried many times and failed every single one.

The latest tax cuts certainly have not done that: https://www.politico.com/story/2018/02/28/tax-cuts-trump-gop-analysis-430781 "The Tax Foundation analysis stated that the tax cuts would cost $1.47 trillion in decreased revenue while adding only $600 billion in growth and savings. " https://www.thebalance.com/cost-of-trump-tax-cuts-4586645

Baby Boomers retiring is why the numbers are lower. The rate is only about 1% different now compared to then. https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm Look at that chart, it has continually gone down as the US has aged.

Citation needed on this one.

Yeah, there's a good chance they can go down a bit more but study after study says time in market>timing the market.

I think FTC is being too pessimistic. Yes inflation is causing things to increase in price but wages are up. Granted, not as much as inflation but still up pretty good. I will only start to get concerned when I start to see businesses take down their Now Hiring signs. Right now they are everywhere.

So in a bear market. For long term investors like me, I am not concerned. Good news on the economy: Lots of jobs, consumers still spending Bad news: Inflation, gas prices It will be interesting to see how the market goes for the rest of the year and what rate increases they go with.

The right social media post finally got a ton of applications so we should be good now. Hooray!

Not a super new show but The Righteous Gemstones is hilarious.

Hiring for my family's seasonal business is a nightmare right now. We have a lot of open spots and I would prefer to not scrape the bottom of the barrel if at all possible since the workers need to face the general public. If we can't find workers for easy work (not physical whatsoever) at over $20 an hour, things will be closed at our place. We used to get a ton of teens and retired age people to apply but we have gotten very few so far. Sigh, rant over.

I-bonds. Yes, if you don't need the money soon it is a good option.

The portfolio I am managing is an early retirement portfolio with etfs that I never plan on selling. I dollar cost average buy every week. I do have to stop looking at the market every day however. It is hard mentally to say I am buying these etfs "on sale". What is everyone's favorite etf?

The Rams love Badger lineman.

Looking to the rest of the draft, the Packers likely will pick from these positions: WR OL Safety TE Edge They have quick a few picks to get it done and I would be very surprised if they didn't consolidate some of their 9 remaining picks to move up in spots. Sign me up for at least one of the following in the 2nd round: Pickens, Watson, or Pierce and the other pick from Ebiketie, Pitre, Raimann

This team might be a little more defense focused just like the Brewers. I do not look forward to the posts of Packers888 about the lack of offense.

Give me two out of Olave, Hill, Pickens or Karlaftis in the first 2 picks and I will be happy.

After doing some reading, I think Pickens is a guy we end up with at 28. Best case scenario is that a QB slides and a team trades up to 28 and we can get Pickens in the first part of round 2.

I think they need to get a WR in the first 2 rounds, not necessarily in the first. If there Kyle Hamilton starts slipping (he has been in some mocks), I wouldn't be shocked if we moved up and got him.

Winning Time is good, not sure how historically accurate it is however.

I'm starting to see prices stabilize or decrease in some areas (lumber, used cars) but overall inflation isn't going under 5% for a while I think. Food prices will continue to be an issue and the conflict in Ukraine is going to make it much worse. My dad is a farmer and has locked in higher prices than he has ever gotten for 2022. Of course his input costs are higher than ever as well.

My ranking of positional need: 1. WR 2. Safety 3. DL/Edge 4. TE 5. OL 6. Cornerback 7. Linebacker 8. RB 9. QB

I think we need to draft a safety with the contract situation of Amos and Savage.