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Posted

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. 

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Posted

 

 

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

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  • 2 weeks later...
Posted

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.

 

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Posted
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 

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Posted
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 

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Posted

 

https://www.cnbc.com/2023/11/14/cpi-inflation-report-october-2023.html.   :thumbsup:

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.

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