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Posted

 

 

Thanks, Joe! 41% of small businesses can't pay their rent this month.

 

https://justthenews.com/nation/states/center-square/report-41-small-businesses-cant-pay-rent-month

 

 

The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants.

“Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,” Alignable said. “But so far this quarter, the opposite has been true.”

 

https://www.alignable.com/forum/rent-crisis-breaks-new-22-record-41-couldn-t-pay-in-nov-up-4

 

 

Posted
On 11/22/2022 at 9:27 PM, B-Man said:


Sorry, sonny boy, no one believes that 

childish response any more.  
 

Every point is resourced by US statistics 

 

 

 

 

 

You're a pawn. It's a Russian account.

Posted
15 hours ago, Gene Frenkle said:

 

You're a pawn. It's a Russian account.

We gotta figure out which Russians though, Frenkle. 
 

The 2012 Russians were Russians that then-President Obama really seemed interested to work with, speaking of the post-election flexibility he would have in working with Vlad.  They seemed nice. 
 

The 2014 Russians we can’t be so sure of.  They had that whole Crimea thing going on, and annexation sounds painful enough.  In fairness, there were only a handful of Russians that seemed responsible, at least based on the initial response.  In the other hand, maybe that was part of that whole flexibility thing.
 

The 2015/2016 Russians were tricky devils.  They apparently directly and irrefutably changed the course of American history by partnering and conspiring with then candidate Trump.  In fact, the actions undertaken were so devious that a couple dozen diplomats were expelled from the country just a couple weeks before the-then Prez vacated office.  Apparently it took nearly the full 8 years for their deception and treachery to be discovered and nothing could have been done about them until late December.
 

The 2016-2020 Russians were interesting.  Between participating in the coup, helping to get a president elected illegitimately, convincing dem leadership that there was treason afoot, and confounding the special investigators that spread out over several years.  Those Russians were just plain sneaky, I guess. 
 

The 2022 Russians, also known as the Biden-Watch Russians, it’s sort of universally agreed that those Russians are bad people.  They sort of resemble the 2014 Russians, the ones active during the Obama flex years, but much more deadly and much more aggressive.  
 

Russians, go figure. 
 

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Posted

And the stock market popped! 

 

In a speech at the Brookings Institution, Fed Chair Jerome H. Powell said the central bank saw some signs that inflation was easing in the costs of goods and housing, but that the tight labor market remained a problem for controlling prices. The Fed has made huge moves to get interest rates high enough to slow the economy. And Powell said it makes sense for officials to “moderate the pace” of those increases as soon as the central bank’s upcoming meeting in mid-December.

Posted
8 minutes ago, Tiberius said:

And the stock market popped! 

 

In a speech at the Brookings Institution, Fed Chair Jerome H. Powell said the central bank saw some signs that inflation was easing in the costs of goods and housing, but that the tight labor market remained a problem for controlling prices. The Fed has made huge moves to get interest rates high enough to slow the economy. And Powell said it makes sense for officials to “moderate the pace” of those increases as soon as the central bank’s upcoming meeting in mid-December.

 

And you're the one who chastised a while back when I suggested that raising interest rates was the best, and easiest, way to tame inflation.  It's also a way to plunge the economy into a recession but I say so be it.  Inflation needs to be controlled.  

Posted

Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation.

Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for an increase of 200,000 on the payrolls number and 3.7% for the jobless rate.

The monthly gain was a slight decrease from October’s upwardly revised 284,000. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons edged lower to 6.7%.

 

https://www.cnbc.com/2022/12/02/jobs-report-november-2022.html

Posted

Inflation easing :)

 

Quote

 

Prices cooled again in November, giving some relief to households and businesses being squeezed by high inflation and the Federal Reserve’s ongoing fight to slow the economy.

Data released Tuesday morning by the Bureau of Labor Statistics showed that prices rose 7.1 percent in November compared to last year, and 0.1 percent over October. Those figures are way too high for a healthy economy, but they showed further progress since the most recent inflation report, offering policymakers and the American public fresh hope that the Fed’s aggressive moves to tame inflation are paying off.

 

https://www.washingtonpost.com/business/2022/12/13/cpi-november-inflation-fed/

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Posted
2 minutes ago, SoCal Deek said:

Excellent! Just in time for the anticipated recession (partly kidding Tibs, don’t get all bent out of shape)

I won't get bent out of shape at all! 

 

Wanna know a secret? 

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Posted

 

Retail sales fell 0.6% in November as consumers feel the pressure from inflation.

 

  • Retail sales for November declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop.

 

  • Fed surveys from the New York and Philadelphia regions showed contraction in manufacturing activity in December.
  •  

https://www.cnbc.com/2022/12/15/retail-sales-november-2022-sales-fall-0point6percent-as-consumers-feel-pressure-from-inflation.html

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Posted

 

 

Of course.

 

 

Biden Admin Quietly Raises The Price It’s Willing To Pay To Refill Oil Reserves

by Jack McEvoy

 

The Energy Department announced Friday that it would begin buying oil to refill the U.S. Strategic Petroleum Reserve (SPR) at prices below $96 per barrel, even though the White House previously stated that the department would begin buying back oil at a price of $67 to $72 per barrel.

 

The Energy Department declared that it would start to repurchase crude oil at a lower price than the $96 per barrel average price that barrels were previously sold for to secure a “good deal” for the taxpayer, according to an official press release

 

 

https://dailycaller.com/2022/12/16/biden-quietly-raises-the-price-its-willing-to-pay-refill-strategic-oil-reserves/

 

https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve

 

 

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