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Member since: Fri Feb 18, 2011, 08:22 PM
Number of posts: 36,066

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Listen DUers and you will hear

of a tale of inflation, told in 2 pictures, from 1965. I found these old newspaper ads for supermarkets, and can you believe these prices? Before guns and butter economy of the Vietnam War (Johnson and Nixon), before going off the gold standard (Nixon), before OPEC, before the stimulative policies of Arthur Burns (Nixon and Ford), before the inflation all that caused, before stock market bubbles, Tech wreck, Housing bubble, QE 1,2,3, and now the Idiot in the White House stimulating a full employment economy!!
We are going to get our currency liquidated!

Look at these prices!


Posted by bucolic_frolic | Tue May 1, 2018, 07:56 AM (1 replies)

The end of Bon-Ton: Liquidators win auction for bankrupt chain's assets, will wind down business


$775 million! No small bid. Nothing spells economic success like bankruptcy and liquidation. Was at one of them this week. Nothing to buy. Store is closing, been there for 40 years including predecessors, anchor in small mall which is now 1/2 empty. Meanwhile a mile up the road more new stores being built on virgin land ... of course. Next recession they all close again and they build some more.
Posted by bucolic_frolic | Wed Apr 25, 2018, 06:32 PM (6 replies)




Multiple accounts confirming this now
Posted by bucolic_frolic | Mon Apr 16, 2018, 02:56 PM (10 replies)

Michael Avenatti: Michael Cohen isn't smart enough to be Trump's lawyer

Posted by bucolic_frolic | Sat Apr 14, 2018, 07:12 PM (8 replies)

Lawmaker to Trump: Resign, it will get worse

Posted by bucolic_frolic | Fri Apr 13, 2018, 01:12 PM (16 replies)

Trump's Take: Slowest Breaking News on Syria

Posted by bucolic_frolic | Wed Apr 11, 2018, 07:52 AM (0 replies)

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

Source: Reuters

U.S.-made goods that appear to face added tariffs in China based, on an analysis of Beijing’s list, include Tesla electric cars, Ford’s Lincoln auto models, Gulfstream jets made by General Dynamics and Brown-Forman Corp’s Jack Daniel’s whiskey.

Unlike Washington’s list, which was filled with many obscure industrial items, China’s list strikes at signature U.S. exports, including soybeans, frozen beef, cotton and other key agricultural commodities produced in states from Iowa to Texas that voted for Donald Trump in the 2016 presidential election.

While Washington targeted products that benefit from Chinese industrial policy, including its “Made in China 2025” initiative to replace advanced technology imports with domestic products in strategic industries such as advanced IT and robotics, Beijing’s appears aimed at inflicting political damage.

Tobacco and whiskey, for example, are both on Beijing’s list and are produced in states including Kentucky, home of Senate Majority Leader Mitch McConnell.

Read more: https://www.reuters.com/article/us-usa-trade-china/china-retaliates-slaps-duties-on-u-s-soybeans-planes-markets-skid-idUSKCN1HB0G6

Dow futures currently down 508 points. This could not come at a worse time for the markets, still digesting the initial volley in the trade war. Elections, policies, tweets all have real world consequences.
Posted by bucolic_frolic | Wed Apr 4, 2018, 07:40 AM (13 replies)
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