📈Is the correction over? What cards look attractive with an upside potential?📈

[ninjabum87]

Originally Posted by jcardstore

It's pretty clear that no matter the evidence you're entrenched into an objectively wrong opinion, solely because your party told you to believe it.

Not that you'll read it, or even care. Here's an article from the SF fed about how "corporate greed" wasn't the driver of inflation.

https://www.frbsf.org/research-and-i...-of-inflation/

tldr if you aren't going to read the whole thing

Oh and what happened with a decrease in inflation? A decrease in M2, what a surprise. That was totally offset by the treasury with "stealth QE" the issuance of short term notes to fund the TGA

https://www.stlouisfed.org/on-the-ec...%20back%20down.



The economists at the fed are saying this, it's not a secret. It's only a secret because you are unwilling to actually go out and find information on your own and you just regurgitate the party lines. Just blindly follow, no reason to ask questions

"We find that markups rose substantially in some sectors, such as the motor vehicles industry. However, the aggregate markup across all sectors of the economy, which is more relevant for inflation, has stayed essentially flat during the post-pandemic recovery."

Aggregate markups does not impact all consumers equally does it? Markups for vehicles or consumer goods at a grocery store being blanced by lower markups in lumber doesn't impact me for instance unless I personally am buying a home or build furniture. There is a reason why just about everyone talks grocery store prices, because we all buy groceries. And that is one specific industry where corporate greed IS coming into play.

Also note they say changes in aggregate markups "are not THE main driver for inflation." which is not the same as "no industries have margins outpacing inflation". They even call put some industries had extreme markups which were exacerbated my low labor price growth, it's just when they loaded data from the aggregate of all industries into their weighted model it indicates markups aren't the main driver of overall inflation. It's a good read, but it's not saying exactly what you think it is.

[jcardstore]

Originally Posted by ninjabum87

"We find that markups rose substantially in some sectors, such as the motor vehicles industry. However, the aggregate markup across all sectors of the economy, which is more relevant for inflation, has stayed essentially flat during the post-pandemic recovery."

Aggregate markups does not impact all consumers equally does it? Markups for vehicles or consumer goods at a grocery store being blanced by lower markups in lumber doesn't impact me for instance unless I personally am buying a home or build furniture. There is a reason why just about everyone talks grocery store prices, because we all buy groceries. And that is one specific industry where corporate greed IS coming into play.

Also note they say changes in aggregate markups "are not THE main driver for inflation." which is not the same as "no industries have margins outpacing inflation". They even call put some industries had extreme markups which were exacerbated my low labor price growth, it's just when they loaded data from the aggregate of all industries into their weighted model it indicates markups aren't the main driver of overall inflation. It's a good read, but it's not saying exactly what you think it is.

Even in the fact of evidence from multiple credible sources, you still find a way to deny it.

Just amazing

I'm glad everyone can see what blind partisanship looks like. This is bad on both sides and the exact reason why we are where we are

[ninjabum87]

Originally Posted by jcardstore

This guy just watched dark waters for the first time

This guy reads about scientific testing of soil from runoff and other such boring things from time to time.

They hand out some nice quips at the church of the holy corporation, I'll give you that. "Blessed be the prophets' profits. In Reagan's name we pay, amen."

[GOATcards]

Originally Posted by ninjabum87

GDP growth, job creation numbers, inflation and unemployment rates have all been better under Dems than Republicans for a long while now. Just saying. Income growth for families in the bottom 20% has been way higher as well historically.

I'd only want an R in there if I was a selfish fellow with billions and wanted even more tax cuts or a company I wanted to roll back regulations on to churn out more money at the expense of the community my company is located in.

Even if Dems historically had produced better growth, it doesn't mean that any particular Dem in the future has economic policy chops. What are her economic policy chops? I guess when she says "Bidenomics" with a big smile and cackle, that ties her to Biden *policy*, but I'm asking about her econ policy *chops*. What are they, other than saying words and cackling?

Originally Posted by jcardstore

Btw corporate greed is a total myth

that, or it's an empty tautology, since corporate charters specify returns for shareholders as their primary responsibility. As for whether corporate greed causes inflation as people like Biden/Harris claim, I don't think serious economic analysis would support that, & will attribute it to either monetary-inflation or supply-shock factors. Why would Biden/Harris try to fool people like that?

[ninjabum87]

Originally Posted by jcardstore

Even in the fact of evidence from multiple credible sources, you still find a way to deny it.

Just amazing

You are basically refusing to understand my point, either for the sake of bad faith trolling or just a natural predilection for obtuse thinking. Not sure which.

I never said "corporate greed is causing it all" did I? I did say corporate greed, specifically in the grocery sector, is an issue. Which it is. Which the SF Fed did not refute. If you can't understand how the statements "aggregate markups are not a primary contributor to inflation post-covid" and "industry specific markups leading to higher margins are a problem for consumers consuming products from that industry" can both be factual statements at the same time then that's your failure of comprehension.

[ninjabum87]

Originally Posted by GOATcards

Even if Dems historically had produced better growth, it doesn't mean that any particular Dem in the future has economic policy chops. What are her economic policy chops? I guess when she says "Bidenomics" with a big smile and cackle, that ties her to Biden *policy*, but I'm asking about her econ policy *chops*. What are they, other than saying words and cackling?



that, or it's an empty tautology, since corporate charters specify returns for shareholders as their primary responsibility. As for whether corporate greed causes inflation as people like Biden/Harris claim, I don't think serious economic analysis would support that, & will attribute it to either monetary-inflation or supply-shock factors. Why would Biden/Harris try to fool people like that?

What are Trump's economic chops other than inheriting a lot of money, driving businesses into the ground and failing to pay people who work for him?

[GOATcards]

Originally Posted by GOATcards

What are her economic policy chops? I guess when she says "Bidenomics" with a big smile and cackle, that ties her to Biden *policy*, but I'm asking about her econ policy *chops*. What are they, other than saying words and cackling?

Originally Posted by ninjabum87

What are Trump's economic chops other than inheriting a lot of money, driving businesses into the ground and failing to pay people who work for him?

Harris's economic policy chops are that Trump inherited a lot of money etc.?

Do you have a response that doesn't look disingenuous?

Just name Harris's economic policy chops. Go.

[ninjabum87]

Originally Posted by GOATcards

Harris's economic policy chops are that Trump inherited a lot of money etc.?

Do you have a response that doesn't look disingenuous?

Just name Harris's economic policy chops. Go.

Do you all have any mechanism other than crafting strawmen to attack with your own scripted responses when I don't serve it up for you? Can it get more disingenuous than trying to discredit someone cause "lol this lady laughs a lot"?

I haven't heard a lot about her own economic ideas yet. It would be nice if Trump would stick with their arranged debate so I could weigh them against each other. Hopefully that topic comes up and we can hear them from their own mouths.

[GOATcards]

Originally Posted by ninjabum87

Do you all have any mechanism other than crafting strawmen to attack with your own scripted responses when I don't serve it up for you? Can it get more disingenuous than trying to discredit someone cause "lol this lady laughs a lot"?

I haven't heard a lot about her own economic ideas yet. It would be nice if Trump would stick with their arranged debate so I could weigh them against each other. Hopefully that topic comes up and we can hear them from their own mouths.

I just find it a bit weird that a major party has thrown their support behind a candidate barely 3 months out from election, and no one seems to know what her own economic ideas are

[jacksonjj]

Originally Posted by ninjabum87

Do you all have any mechanism other than crafting strawmen to attack with your own scripted responses when I don't serve it up for you? Can it get more disingenuous than trying to discredit someone cause "lol this lady laughs a lot"?

I haven't heard a lot about her own economic ideas yet. It would be nice if Trump would stick with their arranged debate so I could weigh them against each other. Hopefully that topic comes up and we can hear them from their own mouths.

Who do you think you are kidding? These debates are spectacles for show, not actually deciphering differences in economic strategy. Let's not be so naive.

[ninjabum87]

Originally Posted by GOATcards

I just find it a bit weird that a major party has thrown their support behind a candidate barely 3 months out from election, and no one seems to know what her own economic ideas are

I'm assuming she's going to carry forward Biden-era initiatives and a lot of the cabinet and advisors will carry forward if she wins. Could be wrong.

It's also weird for a major party to support a felon but these are weird times I guess.

Idk what makes people happy, first its Sleepy Joe is barely functional and a sock puppet president for his VP/advisors but then it's "okay well it's not fair you swapped him out for someone else this late and also this lady is too jovial and has no policy chops." So Biden is at the same time solely responsible for his policies but also not responsible for his policies. We can call it Schrödinger's Biden. He's all at once in a state of perfect deep state-running lucidity and vegetable status based on which is more convenient.

[PLB9eight]

Originally Posted by GOATcards

I just find it a bit weird that a major party has thrown their support behind a candidate barely 3 months out from election, and no one seems to know what her own economic ideas are

Weird but at the same time not surprising.

[Nomad]

Presidents, unless they have an economics background, rely on teams to handle boring policy. Differences between Trump and Biden are not that great in that. But then the inflamed voters are hardly economic wonks themselves. Now what Vance claims he wants to do of firing basically wonkish civil servants would have a major effect. The dollar would plummet, for starters.

[Onepocketj]

What the hell happened to this thread?

[GOATcards]

spoiler: politics stuff below (we still have no idea, with ~90 days remaining, what exactly Harris's ideas or qualifications for POTUS are, also the Secret Service has pooped the bed in such a monumental way that there can basically be no trust of institutions in their present condition. So there's that.

Originally Posted by ninjabum87

I'm assuming she's going to carry forward Biden-era initiatives and a lot of the cabinet and advisors will carry forward if she wins. Could be wrong.

It's also weird for a major party to support a felon but these are weird times I guess.

🤡

https://dersh.substack.com/p/a-prose...ooked-it-would

The Democrats have of course unpersoned Dershowitz since his defense of the constitution at an impeachment trial, because unpersoning their strongest critics is how the brain-drained and morally-inhuman Dem Party operates these days.

Idk what makes people happy, first its Sleepy Joe is barely functional and a sock puppet president for his VP/advisors but then it's "okay well it's not fair you swapped him out for someone else this late and also this lady is too jovial and has no policy chops." So Biden is at the same time solely responsible for his policies but also not responsible for his policies. We can call it Schrödinger's Biden. He's all at once in a state of perfect deep state-running lucidity and vegetable status based on which is more convenient.

So you can do some semblance of logics, that's nice.

https://x.com/ult_phil/status/1821209713545265197

Since everyone with a clue seems to know just how rotten the presumptive '24 Dem ticket is, the argument for the ticket must evidently come down to: It doesn't have Trump.

Not-Trump. That's their "best" argument at this point.

(Not-Dems is my trump card to that.)

https://x.com/ult_phil/status/1821208782137180426

Kamala Harris's 2 most memorable debate moments:
1) "Joe, you're record on race is questionable; how did Obama ever pick you as VP?"
2) "I'm speaking now. I'm speaking."

Really impressive stuff there.

https://x.com/ult_phil/status/1820871842397352113
mountain of receipts on this one; see their treatment of Dershowitz as examples of #1 and #2; Claudine Gay would be an example of #1 and #4; "very fine people" and "Russian disinformation" would be two of gobs of examples of #3:

4 Pillars of Dem Destructiveness, all pointing to an intellectual & moral inhumanity that would have been unthinkable not long ago:
1) Cancel culture (namely in Higher Ed)
2) Lawfare corruption
3) Hoaxocracy (namely major media)
4) "DEI" (discrim. by rage/gender; anti-merit)

[Bcr]

You two should get a room. Nobody wants to read about politics here.

[yiguiri2002]

Originally Posted by Onepocketj

What the hell happened to this thread?

Economics talk turned into politics talk.

Same as usual, it's the new MJ vs LeBron.

[Nomad]

Should be unparalleled buying opportunities ahead, the way economy is tanking.

[ninjabum87]

Originally Posted by GOATcards

spoiler: politics stuff below....

End of the day I'll give my vote to the side trying to feed fourth graders, not force them to have babies. That's the last I'll derail this thread.

Anyway I heard Nesmith is criminally undervalued these days.

[hermanotarjeta]

I’m not so sure that cards will ever correct again.

Usually requires capitulation and that hasn’t happened yet.

[Nomad]

The dark side of diamond hands.

[solt0131]

It’s a glorious time right now to be buying and selling sports cards!

[drobfan8]

Originally Posted by hermanotarjeta

I’m not so sure that cards will ever correct again.

Usually requires capitulation and that hasn’t happened yet.

I agree. A lot of bags still being held and people still aren't ready to take their Ls. It will happen when Fanatics get going. Prices are way too high. Especially on Rookie Autos.

Originally Posted by solt0131

It’s a glorious time right now to be buying and selling sports cards!

Also agree.

[Scottish Punk]

Trying to stay on topic:

I am not sure we hit the bottom, but it does feel like the decline is now less steep? We are still above pre-covid levels for most pricing. Before Covid, it felt like we had a long a run of when stuff was relatively flat. I know prospects boom and bust always. It felt like most vintage stuff in "collectors" condition stayed the same.

Do we feel like all of that will still trickle down to pre-covid levels or are we at a basically new floor? For ultra-modern, I think singles will continue to decline and numbered cards delta will become smaller and smaller. Collectors will go for eye appeal of a parallel over making sure it is /50. Single prices will continue to be completely detached from wax pricing. At some point, breaking prices will pop no? It has to fall closer to what the value of cards you get back I would think. Or are we just full blown gambling now and the value of the break is only ran against the mega hit value?

[hermanotarjeta]

Originally Posted by Scottish Punk

Trying to stay on topic:

I am not sure we hit the bottom, but it does feel like the decline is now less steep? We are still above pre-covid levels for most pricing. Before Covid, it felt like we had a long a run of when stuff was relatively flat. I know prospects boom and bust always. It felt like most vintage stuff in "collectors" condition stayed the same.

Do we feel like all of that will still trickle down to pre-covid levels or are we at a basically new floor? For ultra-modern, I think singles will continue to decline and numbered cards delta will become smaller and smaller. Collectors will go for eye appeal of a parallel over making sure it is /50. Single prices will continue to be completely detached from wax pricing. At some point, breaking prices will pop no? It has to fall closer to what the value of cards you get back I would think. Or are we just full blown gambling now and the value of the break is only ran against the mega hit value?

It’s going to take time for card prices to realize the fall, but mamy are starting to recognize that their cards are not as valuable as they once were. People don’t like to take a loss on their cards, so fewer transactions will occur. When money gets tight and people are truly forced to sell is when they will realize and we will see just how much demand and value has fallen. This process will continue to take years to happen.

At some point in time the degenerate gambling will drop. Again, there are powers involved who will prop up the perception of desirability and try their best to maintain the illusion, but next year’s draft class stinks and we will really see how cheap wax can get. Wemby has propped up this years wax and has prevented that bottom from falling.

Also, the continued excess of reprinted cards from china will continue to kill singles demand - have you seen the recent influx of optic Wemby rookies? That excess supply has tanked the base rookie price to less than $10. It’s no wonder optic hobby boxes are starting to soften from its $500+ initial release price.