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I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.
Earlier quoted context omitted.
Any other Chief executive and they would be getting roasted and hit in the news with Recession news and articles. But the current one for some reason, has less stickiness than "the Teflon Don." Imagine Bush (shudder) or Clinton or Obama or Trump not getting roasted with Recessionary news... They all would have been at the receiving end of the bad news.
At least with Clinton the budget was balanced and even ran at a surplus.
Earlier quoted context omitted.
Any other Chief executive and they would be getting roasted and hit in the news with Recession news and articles. But the current one for some reason, has less stickiness than "the Teflon Don." Imagine Bush (shudder) or Clinton or Obama or Trump not getting roasted with Recessionary news... They all would have been at the receiving end of the bad news.
At least with Clinton the budget was balanced and even ran at a surplus.
Earlier quoted context omitted.
At least with Clinton the budget was balanced and even ran at a surplus.
I was enraged when all hope of paying off the debt was cut off at its knees by the Bush tax cuts.
> Growth in the US has already contracted for two quarters in a row, a milestone that in many countries - though not the US - is considered a recession. this again :lol:
I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.
You are losing in real terms but not nominal
But this depends on your consumer preferences and cost of living. You are only losing 7%/year in CPI is your expenses are concentrated in food, energy , or used cars.
High inflation is tough because it means everyone loses in real terms. Nowhere to hide.
I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.
Depending on your time horizon, I-bonds could be good.
I’m losing money by keeping it in a savings account. I’m losing money by keeping it in a brokerage account. I don’t want to change jobs to get a higher salary because I fear getting laid off. When there is no winning move, it definitely feels like a recession.