Tommy Callahan Posted April 23 Posted April 23 Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets What you wanna bet she wants her college debt paid 1
All_Pro_Bills Posted April 25 Posted April 25 On 4/23/2024 at 1:49 PM, Tommy Callahan said: Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets What you wanna bet she wants her college debt paid On this surface this young women's suggestion sounds ridiculous unless you apply it to the banking system and then realize that's more or less how it works. The banks along with the Fed "create" money for more or less "free" and charge the rest of us a fee in the form on interest to use it. Its quite a racket. 1
Tiberius Posted April 25 Posted April 25 On 4/23/2024 at 1:49 PM, Tommy Callahan said: Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets What you wanna bet she wants her college debt paid GDP growth slowed sharply in first quarter. Sounds bad but it could/probably means inflation will further slow leading to rate cuts soon Rates are not bad now, but a little boost with the cuts should make things purr along/ Russia's interest rates are 16% HA HA
All_Pro_Bills Posted April 25 Posted April 25 26 minutes ago, Tiberius said: GDP growth slowed sharply in first quarter. Sounds bad but it could/probably means inflation will further slow leading to rate cuts soon Rates are not bad now, but a little boost with the cuts should make things purr along/ Russia's interest rates are 16% HA HA The bad news is the PCE with adjusts GDP for inflation rose to 3.7% in Q124 which combined with a slowing GDP points to a stagflationary environment.
Tiberius Posted April 25 Posted April 25 9 minutes ago, All_Pro_Bills said: The bad news is the PCE with adjusts GDP for inflation rose to 3.7% in Q124 which combined with a slowing GDP points to a stagflationary environment. You wish America would suffer that. Not happening
B-Man Posted April 25 Posted April 25 14 minutes ago, Tiberius said: Bidenomics, Baby! Economic Growth Slowed Significantly in First Quarter It's fine. Totally fine. The economy is great, thanks for asking. The U.S. economy has 'slowed significantly' in the first quarter of 2024. Which we didn't need an economist to tell us. https://twitchy.com/amy-curtis/2024/04/25/usatoday-economists-say-inflation-will-slow-down-after-surge-n2395459 .
The Frankish Reich Posted April 25 Posted April 25 22 minutes ago, B-Man said: Bidenomics, Baby! Economic Growth Slowed Significantly in First Quarter It's fine. Totally fine. The economy is great, thanks for asking. The U.S. economy has 'slowed significantly' in the first quarter of 2024. Which we didn't need an economist to tell us. https://twitchy.com/amy-curtis/2024/04/25/usatoday-economists-say-inflation-will-slow-down-after-surge-n2395459 . One man's slowing in growth is another man's soft landing (and associated Fed rate cut). But hey, keep that glass half empty ...
Biden is Mentally Fit Posted April 25 Posted April 25 22 minutes ago, The Frankish Reich said: One man's slowing in growth is another man's soft landing (and associated Fed rate cut). But hey, keep that glass half empty ... You are the one that believes the housing market is in good shape because some sellers may reap generational wealth, correct? Kudos are in order for belonging to a very exclusive group with that thinking. But hey, keep that glass about 1/10 full …
The Frankish Reich Posted April 25 Posted April 25 1 minute ago, JDHillFan said: You are the one that believes the housing market is in good shape because some sellers may reap generational wealth, correct? Kudos are in order for belonging to a very exclusive group with that thinking. But hey, keep that glass about 1/10 full … Different thing. The housing market: for every loser (the young person paying a high price for a home), there's a winner (the old person making a mint and retiring somewhere warm). On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ...
Biden is Mentally Fit Posted April 25 Posted April 25 2 minutes ago, The Frankish Reich said: Different thing. The housing market: for every loser (the young person paying a high price for a home), there's a winner (the old person making a mint and retiring somewhere warm). On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ... It seems that people noticing everything around them is the one thing you actually find bad.
The Frankish Reich Posted April 25 Posted April 25 (edited) 6 minutes ago, JDHillFan said: It seems that people noticing everything around them is the one thing you actually find bad. Here's the WSJ worrying that things are too good and can't last. It seems that nobody on the right (old or new) can be happy these days. https://www.wsj.com/economy/global/us-economy-strongest-world-imf-projections-8e707514 America’s Economy Is No. 1. That Means Trouble. If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades. That’s based on the latest projections from the International Monetary Fund. According to the IMF, Europe’s share of world GDP has dropped 1.4 percentage points since 2018, and Japan’s by 2.1 points. The U.S. share, by contrast, is up 2.3 points. China’s share is up since 2018, too. But instead of overtaking the U.S. as the world’s largest economy, the Chinese economy has slipped in size to 64% of the U.S.’s from 67% in 2018. You sound like my mother. 75 degrees, sunny, gentle breeze. Me: what a fantastic day! Mom: but not for long! The weatherman says it may snow next week. Edited April 25 by The Frankish Reich
Biden is Mentally Fit Posted April 25 Posted April 25 32 minutes ago, The Frankish Reich said: Here's the WSJ worrying that things are too good and can't last. It seems that nobody on the right (old or new) can be happy these days. https://www.wsj.com/economy/global/us-economy-strongest-world-imf-projections-8e707514 America’s Economy Is No. 1. That Means Trouble. If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades. That’s based on the latest projections from the International Monetary Fund. According to the IMF, Europe’s share of world GDP has dropped 1.4 percentage points since 2018, and Japan’s by 2.1 points. The U.S. share, by contrast, is up 2.3 points. China’s share is up since 2018, too. But instead of overtaking the U.S. as the world’s largest economy, the Chinese economy has slipped in size to 64% of the U.S.’s from 67% in 2018. You sound like my mother. 75 degrees, sunny, gentle breeze. Me: what a fantastic day! Mom: but not for long! The weatherman says it may snow next week. Bloomberg: GDP advances an annualized 1.6%, slower than all projections First-quarter core inflation measure accelerates to 3.7% rate Frankish: Of course! All good! https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts 1
B-Man Posted April 29 Posted April 29 Think the Economy is Getting Better? Guess Again The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation. U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF. “It’s not so much that we risk stagflation as we’re already there,” E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well.” Stagflation is a unique economic phenomenon that involves slow growth, high unemployment, and elevated inflation and is particularly difficult to address as solutions for one issue can exacerbate the others, according to Investopedia. The most notable example of stagflation occurred in the 1970’s, after an oil crisis. https://dailycaller.com/2024/04/28/mounting-evidence-nightmare-scenario-us-economy-stagflation/ .
BillStime Posted April 29 Posted April 29 On 4/3/2024 at 10:31 AM, B-Man said: HUH, WHAT HAPPENED FOUR YEARS AGO? Lots of unnecessary death.
All_Pro_Bills Posted April 29 Posted April 29 1 minute ago, BillsFanNC said: Ball of Confusion. The Temptations 1970. Rock band Tesla did a great cover of the song. Read the lyics. Nothing much has changed in the country and the big cities despite 50 years of liberal control and policies. What's their answer to their failures? More of the same until it works. "Politicians say more taxes will solve everything"! One, two One, two, three, four People moving out, people moving in Why? Because of the color of their skin Run, run, run but you sure can't hide An eye for an eye, a tooth for a tooth Vote for me and I'll set you free Rap on, brother, rap on Well, the only person talking about love thy brother is the preacher And it seems nobody's interested in learning but the teacher Segregation, determination, demonstration, integration Aggravation, humiliation, obligation to my nation Ball of confusion Oh yeah, that's what the world is today Woo, hey, hey The sale of pills are at an all time high Young folks walking round with their heads in the sky The cities ablaze in the summer time And oh, the beat goes on Evolution, revolution, gun control, sound of soul Shooting rockets to the moon, kids growing up too soon Politicians say more taxes will solve everything And the band played on So, round and around and around we go Where the world's headed, said nobody knows Oh, great Googamooga Can't you hear me talking to you? Just a ball of confusion Oh yeah, that's what the world is today Woo, hey, hey Fear in the air, tension everywhere Unemployment rising fast, the Beatles new record's a gas And the only safe place to live is on an Indian reservation And the band played on Eve of destruction, tax deduction, city inspectors, bill collectors Mod clothes in demand, population out of hand, suicide, too many bills Hippies moving to the hills, people all over the world are shouting 'End the war' and the band played on Great Googamooga Can't you hear me talking to you? It's a ball of confusion That's what the world is today, hey, hey Let me hear ya, let me hear ya, let me hear ya Sayin' ball of confusion That's what the world is today, hey, hey Let me hear ya, let me hear ya Let me hear ya, let me hear ya, let me hear ya Sayin' ball of confusion 1 1
The Frankish Reich Posted April 29 Posted April 29 10 minutes ago, Tommy Callahan said: I thought this was going to be right-wingy skewed stats, but actually these people seem pretty serious. It tries to include not just the classic unemployed, but also those stuck in a part-time job who want to be working full-time, and those working in any job who don't make a living wage (as they define it) doing so. And so: what was their "true rate of unemployment" at the peak of the "Trump economy," just before COVID hit? 25.1% 1.1% higher than it is today. (this is why it pays to read the underlying stuff that comes across some random Tommy Boy's twitter feed) https://www.lisep.org/tru Oops. I don't infer from this that the Biden economy is great, particularly for the lowest quartile. It isn't. Neither was Trump's. Maybe it's that the President really doesn't have that much to do with cyclical economic trends. All I can say is that this is not a great talking point for the "Biden's economy sucks" crowd.
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