- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Bidenomics and Retirement Funds?
Posted on 9/18/23 at 1:52 pm to RetiredSaintsLsuFan
Posted on 9/18/23 at 1:52 pm to RetiredSaintsLsuFan
Did you cash out or something?
0
Posted on 9/18/23 at 4:00 pm to Sir Saint
20% since January 2021 sounds high. But regardless of how much it may be up, keep in mind that our dollars are worth about 75% of what they are worth.
Posted on 9/18/23 at 4:14 pm to SloaneRanger
quote:
20% since January 2021 sounds high. But regardless of how much it may be up, keep in mind that our dollars are worth about 75% of what they are worth.
S&P 500 total return is up 20.3% since 1/20/21. CPI is up 16% since then. Both are cumulative.
Posted on 9/18/23 at 4:25 pm to tigersmanager
quote:
politics do effect money decisions when you have idiot democrats running the country
Bingo we have a winner..
Posted on 9/18/23 at 4:26 pm to slackster
Uh, CPI bears little relation to what people have to purchase in their daily lives.
Posted on 9/18/23 at 4:48 pm to SloaneRanger
quote:
Uh, CPI bears little relation to what people have to purchase in their daily lives.
So what made up numbers would you like to use instead?
Gold is only up about 5% since his presidency.
Food at home and food in general are up about 19-20%.
PCE is up 24%.
Posted on 9/18/23 at 4:52 pm to slackster
Dude, no one is making things up. Do you buy gas? Do you buy groceries? Pay the check at restaurants? And oh, have you had to take out a mortgage loan recently?
Posted on 9/18/23 at 5:05 pm to SloaneRanger
quote:
Dude, no one is making things up.
You’re missing the point - you don’t get to arbitrarily say the dollar is worth 75% of what it was in January 2021 without benchmarking/indexing it to something.
You didn’t like CPI, which tried to weight all of those various items we buy, so I gave you other options. CPI is flawed, but it’s better than some anecdotal experience for the sake of comparison.
Vs gold, the dollar is only down 5%. Vs food at home, it’s down 20%, but you don’t just buy food, so that’s a poor measurement, right? I’m just asking to find something to back up your claims instead of simply your gut feeling.
Also, it’s incredibly dumb to just drop an inauguration date run these numbers from there when these are global issues and they’re not exactly attributable to any single administration. Obama was a shitty president and stocks did well. Trump was a less shitty president and stocks did well. Biden is a really shitty president and stocks have done well. Maybe there is more to it than the president?
Posted on 9/18/23 at 5:06 pm to slackster
Granted it’s a rough estimate. People who live in the real world and have to support families know that the purchasing power of the dollar has been severely diminished.
This post was edited on 9/18/23 at 5:09 pm
Posted on 9/18/23 at 5:28 pm to SloaneRanger
Yeah I see it too.
I’m by no means belittling the very real inflation we’ve had since Biden took over, but we’ve got to put in some agreeable perspective too. If OP would have put his money in cash in 1/21 instead of the market, he’d be down about 12-20% in real terms, depending on the benchmark. That’s a lot worse than the S&P 500.
I’m by no means belittling the very real inflation we’ve had since Biden took over, but we’ve got to put in some agreeable perspective too. If OP would have put his money in cash in 1/21 instead of the market, he’d be down about 12-20% in real terms, depending on the benchmark. That’s a lot worse than the S&P 500.
Posted on 9/18/23 at 6:02 pm to RetiredSaintsLsuFan
Jesus Christ this is dumb
Posted on 9/18/23 at 6:22 pm to RetiredSaintsLsuFan
Imo, equities are doing as well as they are due to two dudes trying to drive the same car. Powell's foot is on the brake and the admin/congress are hitting the gas by running fiscal deficits that are likely to hit 8% of gdp by year end. That level of deficit spending as a percentage of gdp has only been hit in wartime before.
The trillion dollars the govt is paying in interest this year is also stimulative. A big chunk of that of that gets recycled right back into equities.
The trillion dollars the govt is paying in interest this year is also stimulative. A big chunk of that of that gets recycled right back into equities.
Posted on 9/18/23 at 6:30 pm to Art Blakey
This definitely sounds sustainable for the long term. Brilliant economy strategy.
This post was edited on 9/18/23 at 6:47 pm
Posted on 9/18/23 at 7:56 pm to SloaneRanger
quote:
This definitely sounds sustainable for the long term. Brilliant economy strategy.
It's more inertia than strategy imo. Interest, entitlements and military (including veteran spending) is about 80% of the budget. The entitlement programs have been doomed by demographics for a couple of decades. They could have been restructured in the 90s when boomers were paying in but not yet receiving.
Now it's too late. Boomers are retiring and they vote. They're going to get theirs (in nominal usd terms) but it's going to be in inflated money without nearly as much purchasing power as they counted on. Gen X and younger might get Amazon gift cards when they retire if they're lucky.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News