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Wall St tumbles as weak consumer confidence stokes growth worries
Reuters ^ | June 28, 20220 | Shreyashi Sanyal and Amruta Khandekar

Posted on 06/28/2022 11:19:08 AM PDT by John W

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To: John W

Closed oil pipe lines causes chain reactions and they last a long time.
Media scratches a$$


21 posted on 06/28/2022 1:21:54 PM PDT by Vaduz ( )
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To: Mount Athos

“Are the people where you live cutting back?”

The few stores, I shop at are still busy and basically well stocked.

Costco with 2 hour delivery on line, this week had 1 item not in stock. That was ham steaks, and I bought some at the small store size of a major chain 2 days later. 25 items were on my shopping list.

That store had the 20 items on my list and the ham steaks.

Their cheese item selections were about half full versus basically out like last week.

There was no one at the deli counter, and the clerk said that price increases were keeping people from buying.


22 posted on 06/28/2022 1:27:51 PM PDT by Grampa Dave (Law & Order took the last train out of DC and America on election/coup/night, 6 January, 2020!!!)
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To: CatOwner

“The actions of the stock markets hardly reflect reality these days, and it’s been that way for quite some time.”

” They’re used as political manipulation by the MSM (depending on which party controls DC), and they’re used to f~~k over the small investors for the benefit of the big money players.”

My wife calls them the”Bad News Bears”!

We stopped watching tv news on anything from ABCNNBCBS over 12 years ago.

Fox went on our no watch list after they declared Biden the winner to allow the B$ to happen.


23 posted on 06/28/2022 1:40:41 PM PDT by Grampa Dave (Law & Order took the last train out of DC and America on election/coup/night, 6 January, 2020!!!)
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To: Mount Athos

Thank you. I hope someone sees this and makes some ‘lifestyle’ changes.

I did the same thing under 0bama’s Reign of Error. It was tough as I was still working and managing a multi-million dollar business for a local family-owned company and we had all of the 0bamaCare BS to deal with.

Even with cuts in benefits, I didn’t lose a single employee! (I made it up to them in any way I could.)

In, Around, Under or Through! What other choice do we HAVE when Mother Government undercuts our God-Given rights to Life, Liberty and the Pursuit of Happiness at every opportunity?


24 posted on 06/28/2022 4:06:04 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: John W

Oh, John! I’m so SORRY to hear that! Do you need a prayer thread? It can be arranged. Can’t hurt, usually helps! :)


25 posted on 06/28/2022 4:13:15 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Diana in Wisconsin

Prayers from my friends have I’m sure helped so far. Yes! Thank you!


26 posted on 06/28/2022 4:16:18 PM PDT by John W (W)
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To: John W

I’m on it! Angels Activated! :)


27 posted on 06/28/2022 4:45:50 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Seruzawa
You do realize that private as well as public pensions (Including government parachutes) hinge on market success.

Government controlled programs that absorb private pensions where the companies dissolved/went bankrupt operate primarily on investing, not tax money bailouts/funding.

The market is propping up a House of Cards which is why its overvalued. The ride is ending and needs to end in order to stabilize (Too much spending, compound public interest that is not feasible), however, it will hurt if allowed to take its proper course. Only chance to resemble some type of civilization that has liberty associated with it. If not a full blown totalitarian system.

28 posted on 06/28/2022 4:57:54 PM PDT by rollo tomasi
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To: John W

Since Dec 2021 when the FED announced interest rate hikes the stocks have lost about 50%.

There is another rate hike in July. I wonder if the democrats will change course as elections are coming up?


29 posted on 06/28/2022 5:02:25 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Diana in Wisconsin

“......Paid off the house a few years ago; just a little bit more on crop land and we will be 100% Debt Free.

Do yourselves a favor and slash your spending, get your debts paid off, and knuckle down. We’re not even to the ‘darkest’ part before the dawn!”

__________________________________

I could not agree with you more. Great advice.

We started in March 2018. Since then paid off our mortgage, all credit card and kids student loans we had for them, a fairly large amount of debt paid off. We did buy a car and financed it in 2020, it will be paid off by December. So our Christmas present to ourselves this year is 100% totally debt free and we intend to stay in that situation.

We are also on a good budget and shop very carefully for food. No eating out and we are not buying much processed foods. My adult kids will not leave so for 4 adults we have a $600/month grocery budget.

We have been putting some money into our (now paid off) home. Two years ago a new boiler, last year a water conditioner, this year so far we rebuilt our deck and will do some work in the bathroom.

The goal here is to save save save and put some money into the house. Next year fingers crossed will put a propane insert into the fireplace and rebuild the front steps, 2024 is the year we get central air, 2025 replace the kitchen cabinets. All going to be cash flowed. Our friends think we are weird.


30 posted on 06/29/2022 8:35:24 AM PDT by fatboy
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To: Republican Wildcat

Spending a lot - but on fewer things.”

Good short way to say it.

Don’t eat out, have quit looking seriously at any kind of major trip.

Been years since I have raised chickens but have some going now.


31 posted on 06/29/2022 8:43:24 AM PDT by nomorelurker
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