The Frankish Reich Posted October 5, 2023 Posted October 5, 2023 3 hours ago, B-Man said: Truth. Dude, hot dog and a coke still $1.50. You're doing it wrong. First eat every sample. Then circle back for seconds on the ones that were good. Don't shop hungry. Then buy the stuff that's cheaper at Costco, which isn't everything. Then get the damn hot dog and pat yourself on the back for offsetting that 2 pound pack of beef jerky you know you should've just put back.
Doc Posted October 5, 2023 Posted October 5, 2023 2 hours ago, The Frankish Reich said: Dude, hot dog and a coke still $1.50. You're doing it wrong. First eat every sample. Then circle back for seconds on the ones that were good. Don't shop hungry. Then buy the stuff that's cheaper at Costco, which isn't everything. Then get the damn hot dog and pat yourself on the back for offsetting that 2 pound pack of beef jerky you know you should've just put back. And hide in the bathroom stall and wait for everyone to leave and you have a free living space. 2
Tommy Callahan Posted October 5, 2023 Posted October 5, 2023 One day after the Geneva-based UN Conference on Trade and Development (Unctad) warned central banks are at risk of triggering a full-blown global recession in their pursuit of higher interest rates to reach their 2% inflation targets, World Trade Organization economists published a report on Thursday morning outlining global growth will be sharply lower than forecasted for the remainder of 2023. WTO economists said world trade and output began to slow in the fourth quarter of 2022 due to the Federal Reserve's tighter monetary policy and tighter monetary policy in Europe and other major economies. A combination of snarled global supply chains, the property market downturn in China, and the consequences of the war in Ukraine add continued downward pressure on international trade. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods," the economists said, adding, "Trade growth should pick up next year accompanied by slow but stable GDP growth." The Geneva-based institution expects the merchandise trade volume in 2023 to slightly increase by .8% from last year, compared with an April forecast of 1.7%. That's well below the 2.6% annual growth recorded since the global financial crisis about 16 years ago. "The projected slowdown in trade for 2023 is cause for concern, because of the adverse implications for the living standards of people around the world. Global economic fragmentation would only make these challenges worse, which is why WTO members must seize the opportunity to strengthen the global trading framework by avoiding protectionism and fostering a more resilient and inclusive global economy. The global economy, and in particular poor countries, will struggle to recover without a stable, open, predictable, rules-based and fair multilateral trading system," WTO Director-General Ngozi Okonjo-Iweala wrote in a statement. WTO said, "The exact causes of the slowdown are not clear, but inflation, high-interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements." In a separate report, Infrastructure Capital Advisors CEO Jay Hatfield told Yahoo Finance Live that if rates stay this high, "We'll have a global recession, and the US may even get dragged into it." And Richard Kozul-Wright, the director of Unctad's globalization and development strategies division, said: "The global economy is stalling, with Europe teetering on the edge of recession, China facing strong headwinds and financial stresses are reappearing in the United States." Meanwhile, Fed members and staffers see no recession in the near future, while 84% of corporate executives warn of an incoming downturn as early as 2024. Tyler Durden 1
Irv Posted October 16, 2023 Posted October 16, 2023 Demented Biden and his buddies' horrible economic policies are even destroying green energy projects. You can't make this stuff up. What a mess. Demented Biden Failing Again 1 1
B-Man Posted October 17, 2023 Posted October 17, 2023 #Bidenomics Update: Foreclosures Are Tick, Tick, Ticking Up BEEGE WELBORN Mortgage rate races toward 8% after hitting a high not seen since late 2000 https://hotair.com/tree-hugging-sister/2023/10/17/bidenomics-update-foreclosures-are-tick-tick-ticking-up-n585542 1
Precision Posted October 17, 2023 Posted October 17, 2023 On 10/16/2023 at 2:16 PM, Irv said: Demented Biden and his buddies' horrible economic policies are even destroying green energy projects. You can't make this stuff up. What a mess. Demented Biden Failing Again A lot of the green energy projects are capital intensive, especially offshore wind. The high interest rates have added to the cost of the projects (due to higher financing costs), so they are no longer price competitive. 1 2
Irv Posted October 17, 2023 Posted October 17, 2023 7 minutes ago, Precision said: A lot of the green energy projects are capital intensive, especially offshore wind. The high interest rates have added to the cost of the projects (due to higher financing costs), so they are no longer price competitive. They were never economically feasible without tax incentives and guaranteed power purchases at high cost per kW. What a mess. 3
The Frankish Reich Posted October 23, 2023 Posted October 23, 2023 4 minutes ago, B-Man said: NBC (accidentally) reporting the truth. You know those reports that you scoffed at? The ones about how household wealth has increased by 30+ percent since 2019? Well that's the other side of the home affordability issue. Existing homeowners, particularly those in desirable markets, are sitting on goldmines. New home buyers lose out. 1
Tommy Callahan Posted October 23, 2023 Posted October 23, 2023 (edited) 1 hour ago, The Frankish Reich said: You know those reports that you scoffed at? The ones about how household wealth has increased by 30+ percent since 2019? Well that's the other side of the home affordability issue. Existing homeowners, particularly those in desirable markets, are sitting on goldmines. New home buyers lose out. So, it's not a bubble that will correct? but a trend that will continue? Looks good on paper from the very top. not so much for the majority or newcomers. though. Kind of the problem with Biden omics. looks good on the top level. GDP and what not. But sucks for EVERYONE not connected at the crusty level Edited October 23, 2023 by Tommy Callahan 1
Doc Posted October 23, 2023 Posted October 23, 2023 4 minutes ago, Tommy Callahan said: So, it's not a bubble that will correct? but a trend that will continue? Looks good on paper from the very top. not so much for the majority or newcomers. though. Kind of the problem with Biden omics. looks good on the top level. GDP and what not. But sucks for the poor/working/middle classes. Everyone is paying more. So it sucks for everyone. It just sucks less at the top. 2
Tommy Callahan Posted October 23, 2023 Posted October 23, 2023 1 minute ago, Doc said: Everyone is paying more. So it sucks for everyone. It just sucks less at the top. They should put more in black rock and vanguard as them and the companies they own seem to be about the only ones doing well right now. And your right, it's the crust that's prospering. and thats about it.
B-Man Posted October 23, 2023 Posted October 23, 2023 Just a coincidence I'm sure. Americans Are Overdue With Their Car Payments At Highest Rate In Nearly 30 Years. https://www.forbes.com/sites/antoniopequenoiv/2023/10/21/americans-are-overdue-with-their-car-payments-at-highest-rate-in-nearly-30-years/?sh=333703bd33d0 . 1
Doc Posted October 23, 2023 Posted October 23, 2023 I just finished paying-off my Tesla S. Got 0.99% financing. Never gonna see that rate again. 1
B-Man Posted October 25, 2023 Posted October 25, 2023 No, Matthew Yglesias, ‘Biden’s Economy’ Is NOT ‘Great Everywhere.’ Liberal journos like Vox co-founder Matthew Yglesias continue to treat struggling Americans as stupid for not giving President Joe Biden kudos on his so-called “great” economy. Yglesias published a ludicrous Oct. 22 op-ed for Bloomberg Opinion with a headline that was nothing short of comical: “Biden’s Economy Is Great Everywhere Except in the Polls.” In Yglesias’s condescending, escapist worldview, those darn average Americans just don’t know what’s good for them: “Like a lot of world leaders, the US president must contend with voters who remain unhappy even as economic conditions improve.” Yglesias even outrageously attempted to make Biden out to be a victim of unfair public perception, despite his administration’s policies largely contributing to the inflation crisis that crippled the U.S. economy: “This is undoubtedly a frustrating situation for the president, his campaign and Democrats overall.” Utterly “silly,” Heritage economist EJ Antoni told MRC Business of Yglesias’ argument. “It is reminiscent of when football commentators say an NFL team is better than its record,” Antoni added. “That may be true in the initial weeks of the season, but at some point, your record is your record, and it is indicative of the team’s performance. The American people have judged Bidenomics and found it wanting.” https://newsbusters.org/blogs/business/joseph-vazquez/2023/10/23/headdesk-no-matthew-yglesias-bidens-economy-not-great https://www.bloomberg.com/opinion/articles/2023-10-22/biden-s-economy-is-great-everywhere-except-in-the-polls 1
Tiberius Posted October 26, 2023 Posted October 26, 2023 The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration. https://www.cnbc.com/2023/10/26/us-gdp-grew-at-a-4point9percent-annual-pace-in-the-third-quarter-better-than-expected.html
Tommy Callahan Posted October 26, 2023 Posted October 26, 2023 3 minutes ago, Tiberius said: Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period Similar to inflation numbers.
Tiberius Posted October 26, 2023 Posted October 26, 2023 Boo hoo hoo, butt hurt boy is crying again This shows how confident consumers are. Leadership matters! Consumer spending, as measured by personal consumption expenditures, increased 4% for the quarter after rising just 0.8% in Q2. Gross private domestic investment surged 8.4% and government spending and investment jumped 4.6%. Spending at the consumer level split fairly evenly between goods and services, with the two measures up 4.8% and 3.6% respectively. 1
Tommy Callahan Posted October 26, 2023 Posted October 26, 2023 12 minutes ago, Tiberius said: Boo hoo hoo, butt hurt boy is crying again This shows how confident consumers are. Leadership matters! Consumer spending, as measured by personal consumption expenditures, increased 4% for the quarter after rising just 0.8% in Q2. Gross private domestic investment surged 8.4% and government spending and investment jumped 4.6%. Spending at the consumer level split fairly evenly between goods and services, with the two measures up 4.8% and 3.6% respectively. ITS GDP. did you even graduate High school? Higher inflation will drive GDP up, till it doesnt. Consumer confidence is the metric you think GDP is. and its Not good. https://www.fxstreet.com/news/us-uom-consumer-confidence-index-declines-to-63-in-october-vs-674-expected-202310131406
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