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Purple Nurple said:
titty twister
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So your username is not exculpatory evidence at all. Is it that much of a stretch that someone who names themselves after injured nipples might use mock someone by calling them cock?

And google now tells me that nurple is a portmanteau of nipple and purple. Seems like gaslighting to claim that the purple actually refers to your political viewpoint.
 
superrific said:
So your username is not exculpatory evidence at all. Is it that much of a stretch that someone who names themselves after injured nipples might use mock someone by calling them cock?

And google now tells me that nurple is a portmanteau of nipple and purple. Seems like gaslighting to claim that the purple actually refers to your political viewpoint.
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Fuck you man. Believe what you want.
 
Purple Nurple said:
Fuck you man. Believe what you want.
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I'm not believing anything. I'm genuinely confused. I was onboard with your innocent typo explanation -- which still seems the probable explanation -- but I confess the nurple part has thrown me for a loop.

You're the one who called attention to your user name. You wanted me to read meaning into it. So I did, and now you're pissed. What do you want from me?
 
superrific said:
I'm not believing anything. I'm genuinely confused. I was onboard with your innocent typo explanation -- which still seems the probable explanation -- but I confess the nurple part has thrown me for a loop.

You're the one who called attention to your user name. You wanted me to read meaning into it. So I did, and now you're pissed. What do you want from me?
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I want you to believe what you’re told. I didn’t mean to disparage Cook. I went back and changed it after the mistake was pointed out. I have left and right leaning views. You can believe that or continue to over analyze.
 
Purple Nurple said:
I want you to believe what your told. I didn’t mean to disparage Cook. I went back and changed it after the mistake was pointed out. I have left and right leaning views. You can believe that or continue to over analyze.
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You're. Sorry.

I believe that you didn't mean to disparage Cook. As I said, probably you told one hand to type one c and the other to type 2 os, and they got confused.

But the whole bit about nurple and purple is genuinely baffling to me. If you wanted your user name to reflect your purple political views, why on Earth did you pair it with Nurple?
 
rodoheel said:
While rates certainly are playing a role, for the most part people aren't buying houses because there aren't enough houses being built and supply is too tight. You know, the same problem we've been dealing with for years.
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I would actually argue that rates are rhe bigger issue now because pricing of homes long ago became secondary to the cost of borrowing. You are not wrong about the dearth of building but current inventory levels are growing...and doing so pretty dramtically in a lot of markets. The only things moving are situations where sellers are doing a lot of creative wrangling to buy down rates for buyers. Its not unusual at all to see 30-50k in rate buy downs on a purchase now.

That being said, the pumpkin in chief thinks that Powell directly sets home finance rates. That is laughably wrong.
 
nycfan said:
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The Fed is between a rock and a hard place...

balancing the Trump tariffs which is beginning to spike inflation going forward and declining consumer spending beginning to impact GDP and companies announcing layoffs ?

Higher inflation
Lower GDP
Higher unemployment

Stagflation coming ? I don't want to be a TylerKong and I am not an economist so I don't know if stagflation should be a concern.

Can the Fed do something now to address the possibility of stagflation should we face it in the next 9 months ?

Here's hoping a board economist will come here and back me off the ledge
 
heelinhell said:
The Fed is between a rock and a hard place...

balancing the Trump tariffs which is beginning to spike inflation going forward and declining consumer spending beginning to impact GDP and companies announcing layoffs ?

Higher inflation
Lower GDP
Higher unemployment

Stagflation coming ? I don't want to be a TylerKong and I am not an economist so I don't know if stagflation should be a concern.

Can the Fed do something now to address the possibility of stagflation should we face it in the next 9 months ?

Here's hoping a board economist will come here and back me off the ledge
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Stagflation has been a concern since inauguration day.

From February:
www.reuters.com

'Stagflation' fears haunt US markets despite Trump's pro-growth agenda

The dreaded scenario has crept back as a key risk for investors in recent weeks, as the prospect of trade wars and punitive tariffs cast a shadow over U.S. growth.
www.reuters.com www.reuters.com

March:
apnews.com

'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.
apnews.com apnews.com

April:
What is stagflation? US economy worries are growing. Fed chair warns of high inflation and slow economic growth. What is stagflation?
 
superrific said:
1. Only if you believe the Trump people. Why would you? Everything they say is a lie. Do we need to go through all the Biden Crime Family bullshit again.
2. This is not nearly the smoking gun you think it is. The principal residence issue can be complex when you are talking about people who are in the midst of moving or are splitting time between two locations.
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re #2 : I am in that select company. I now own two residences because my current residence has not sold. I will be moving to my new primary residence in a few weeks and will continue to be the not so proud owner of two primary residences until this house sells😦
 
heelinhell said:
re #2 : I am in that select company. I now own two residences because my current residence has not sold. I will be moving to my new primary residence in a few weeks and will continue to be the not so proud owner of two primary residences until this house sells😦
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Good luck!
 
Walmart 2Q2 report is interesting...

missed on earnings
beat sales a bit
prices increased 1%
upper income consumers led the way in sales
increase grocery buys led the way in sales

My takeaway is even upper income folks are looking for lower prices and are willing to mix with the hoi polloi in order to avoid the spike in inflation. Consumers are seeing spikes in grocery prices and looking to Walmart for better grocery prices. The question is, between tariffs on grocery related imports and the loss of local immigrant farm workers due to mass deportation efforts, how long will Walmart groceries maintain an edge over retail grocers ?
 
heelinhell said:
Walmart 2Q2 report is interesting...

missed on earnings
beat sales a bit
prices increased 1%
upper income consumers led the way in sales
increase grocery buys led the way in sales

My takeaway is even upper income folks are looking for lower prices and are willing to mix with the hoi polloi in order to avoid the spike in inflation. Consumers are seeing spikes in grocery prices and looking to Walmart for better grocery prices. The question is, between tariffs on grocery related imports and the loss of local immigrant farm workers due to mass deportation efforts, how long will Walmart groceries maintain an edge over retail grocers ?
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IMO, the upper income piece is a dangerous sign. If Walmart is relying on middle/upper middle to “beat sales a bit” but “miss on earnings”, lots of retailers are in trouble. Also, where are the lower income brackets going? We about to see a strong earnings report from Dollar General?
 
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