Roundybout Posted October 26, 2023 Posted October 26, 2023 You can’t stop Joe Biden’s economy, you can only hope to contain it 6 minutes ago, Tommy Callahan said: 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 Real wages are higher than prepandemic. People simply keep buying stuff. 1
Tommy Callahan Posted October 26, 2023 Posted October 26, 2023 5 minutes ago, Roundybout said: You can’t stop Joe Biden’s economy, you can only hope to contain it Real wages are higher than prepandemic. People simply keep buying stuff. Nope. its the exact same as last quarter https://fred.stlouisfed.org/series/LES1252881600Q
Roundybout Posted October 26, 2023 Posted October 26, 2023 4 minutes ago, Tommy Callahan said: Nope. its the exact same as last quarter https://fred.stlouisfed.org/series/LES1252881600Q That’s why I said higher than prepandemic
Tommy Callahan Posted October 26, 2023 Posted October 26, 2023 7 minutes ago, Roundybout said: That’s why I said higher than prepandemic yes. its slightly higher than when the government caused It to drop like a rock.
B-Man Posted October 27, 2023 Posted October 27, 2023 Goldman just dropped a housing market forecast for 2024 and sees high home prices, high mortgage rates —and the lowest number of existing home sales since the early ’90s. https://fortune.com/2023/10/24/housing-market-forecast-goldman-sachs-home-prices-mortgage-rates-affordability/ . 1
B-Man Posted October 27, 2023 Posted October 27, 2023 It was a big _______ deal. I WAS ASSURED BY ALL THE BEST PEOPLE THAT OBAMACARE WOULD FIX THAT Affording healthcare a struggle for half of working-age Americans, survey finds By Susan Kreimer https://www.upi.com/Health_News/2023/10/26/medical-debt-commonwealth-fund-report/9331698265055/ 1
B-Man Posted November 3, 2023 Posted November 3, 2023 Who could have guessed that using the president's own name to brand the current economic malaise was a bad idea? To sum up the numbers, only 150,000 jobs were added in October. Of those, only 99,000 were in the private sector, once again showing that government spending is the only thing propping up what little is left of the economy. As to those "better than expected" numbers in August and September? They've been revised down by 101,000 jobs, the type of revision that has become all too common during the Biden administration. Overall, the unemployment rate rose to 3.9 percent, with thousands of manufacturing jobs being lost in the process https://redstate.com/bonchie/2023/11/03/bidenomics-chickens-come-home-to-roost-and-the-spin-is-hilarious-n2165851 1
Tommy Callahan Posted November 3, 2023 Posted November 3, 2023 To get a sense of just how manipulate the Establishment survey is, look no further than the divergence with the Household survey. It is safe to say that never in US history have payroll numbers been manipulated more. https://cms.zerohedge.com/s3/files/inline-images/household vs establishment_1.jpg?itok=EB_svpDl 1 1
B-Man Posted November 4, 2023 Posted November 4, 2023 No, Bidenomics Won’t End In A ‘Soft Landing’ BY: CHRISTOPHER JACOBS https://thefederalist.com/2023/11/03/theres-no-soft-landing-waiting-for-the-millions-of-families-suffering-from-bidenomics/ 1
Doc Posted November 4, 2023 Posted November 4, 2023 1 hour ago, B-Man said: No, Bidenomics Won’t End In A ‘Soft Landing’ BY: CHRISTOPHER JACOBS https://thefederalist.com/2023/11/03/theres-no-soft-landing-waiting-for-the-millions-of-families-suffering-from-bidenomics/ Who is the idiot who claimed there would be a soft landing? The same one who said that inflation was "transitory"? 1 1
Kemp Posted November 4, 2023 Posted November 4, 2023 https://x.com/MeidasTouch/status/1720894593577976314?s=20 Reality of gas prices.
Precision Posted November 14, 2023 Posted November 14, 2023 Info on Moody's downgrade from a few days ago. As a reminder Fitch issued a downgraded back in August. Why Moody's Cut Its Outlook for the US Economy KEY TAKEAWAYS Moody's credit rating agency has downgraded the U.S. economic outlook to "negative" from "stable." The move brought immediate criticism from President Joe Biden's administration. It is the latest in a series of issues flagged by rating agencies about the strength of the financial status of the United States. 1
Tiberius Posted November 14, 2023 Posted November 14, 2023 21 minutes ago, Precision said: Info on Moody's downgrade from a few days ago. As a reminder Fitch issued a downgraded back in August. Why Moody's Cut Its Outlook for the US Economy KEY TAKEAWAYS Moody's credit rating agency has downgraded the U.S. economic outlook to "negative" from "stable." The move brought immediate criticism from President Joe Biden's administration. It is the latest in a series of issues flagged by rating agencies about the strength of the financial status of the United States. Gonna have to raise some taxes 1 1
Tommy Callahan Posted November 14, 2023 Posted November 14, 2023 (edited) 11 minutes ago, Tiberius said: Gonna have to raise some taxes Near record high federal receipts. and the reasoning per Moody's is the out-of-control spending coupled with our debt sales not having much interest. https://fred.stlouisfed.org/series/FGRECPT Edited November 14, 2023 by Tommy Callahan 1
Precision Posted November 14, 2023 Posted November 14, 2023 1 hour ago, Tiberius said: Gonna have to raise some taxes Raise taxes, cut spending and reduce services.
Tiberius Posted November 14, 2023 Posted November 14, 2023 11 minutes ago, Precision said: Raise taxes, cut spending and reduce services. Too bad the GOP is in such disarray in the House, a deal doing that might have been possible with divided governmnet 1
Tiberius Posted November 14, 2023 Posted November 14, 2023 https://www.cnbc.com/2023/11/14/cpi-inflation-report-october-2023.html. The consumer price index, which measures a broad basket of commonly used goods and services, was flat in October from the previous month but increased 3.2% from a year ago. Both were below Wall Street estimates. Excluding volatile food and energy prices, core CPI rose 0.2% and 4%, against the forecast of 0.3% and 4.1%. The annual rate was the smallest increase since September 2021. The flat reading on headline CPI came as energy prices declined 2.5% for the month, offsetting a 0.3% increase in the food index. 1
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