Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Tiberius]

31 minutes ago, JDHillFan said:

Tiberius

Posted Wednesday at 01:32 PM

Has the Dow Jones Industrial Average doubled under Joe Biden?

 

Yes

⬆️

You seem pretty good with numbers and emojis. How in the hell did you come up with this 💩 the other day? 

Here, look: https://www.google.com/finance/quote/DJIAFTR:INDEXDJX?window=5Y

 

Do five years, then look at March 20, 2020, and compare to today. Sure, it was a dip, but that's life

[phypon]

5 minutes ago, Tiberius said:

Here, look: https://www.google.com/finance/quote/DJIAFTR:INDEXDJX?window=5Y

 

Do five years, then look at March 20, 2020, and compare to today. Sure, it was a dip, but that's life

You are very creative and artistic with regards to math.  I hope you're not an accountant.

[B-Man]

 

 

 

[Biden is Mentally Fit]

10 minutes ago, Tiberius said:

Here, look: https://www.google.com/finance/quote/DJIAFTR:INDEXDJX?window=5Y

 

Do five years, then look at March 20, 2020, and compare to today. Sure, it was a dip, but that's life

Why would you double down on something so easily shown to be wrong? 
 

Your idiotic claim - the DJIA has doubled on Biden’s watch. 
 

Reality - DJIA 31100 when he took office. Currently 39000. You are as bad at math as Redhawk. Very sad situation for a grown man. 

[phypon]

4 minutes ago, JDHillFan said:

Why would you double down on something so easily shown to be wrong? 
 

Your idiotic claim - the DJIA has doubled on Biden’s watch. 
 

Reality - DJIA 31100 when he took office. Currently 39000. You are as bad at math as Redhawk. Very sad situation for a grown man. 

I think he's using common core math.  Watch:

 

31,111 - 11,600 = 19,500

 

19,500 * 2 = 39,000.

 

See, it doubled!

[Big Blitz]

10 minutes ago, B-Man said:

 

 

 

 

They are close to being fully replaced by touch screens and self checkouts.

[Tiberius]

8 minutes ago, JDHillFan said:

Why would you double down on something so easily shown to be wrong? 
 

Your idiotic claim - the DJIA has doubled on Biden’s watch. 
 

Reality - DJIA 31100 when he took office. Currently 39000. You are as bad at math as Redhawk. Very sad situation for a grown man. 

Wrong, there was a dip after he took office! I never said when he became President

[Big Blitz]

 

 

 

 

 

[Tiberius]

5 minutes ago, Big Blitz said:

 

 

 

 

 

More proof foreign workers are driving economic growth!

[Biden is Mentally Fit]

11 minutes ago, Tiberius said:

Wrong, there was a dip after he took office! I never said when he became President

This is obviously not the first time that you have been happy to make yourself look like a nitwit on behalf of President Brandon and I’m sure it won’t be the last. 

[All_Pro_Bills]

1 hour ago, Tiberius said:

Everything is rigged, right?

 

It's cute how you guys make up your own reality

An examination of the statistical methodology, the data inputs, assumptions, and variables are required to draw conclusions. In April 2024 the birth/death model added 231k of the 272K jobs. 85% of the jobs were produced by the use of a statistical model that derives a number based on assumptions about the economy which generates a number of new businesses (Birth) and the number of business failures (Death).

 

If you assume the economy is "great" what kind of output would you expect? Or if you assume the economy is "bad" would kind of output would you expect? So the question is what assumptions about the economy does the BLS make? That's not in the report so we can only assume they think things are great. Greater than most economists and job market experts conclude.

Edited June 7 by All_Pro_Bills

[Tiberius]

1 minute ago, JDHillFan said:

This is obviously not the first time that you have been happy to make yourself look like a nitwit on behalf of President Brandon and I’m sure it won’t be the last. 

You as well 🤡

1 minute ago, All_Pro_Bills said:

An examination of the statistical methodology, the data inputs, assumptions, and variables are required to draw conclusions. In April 2024 the birth/death model added 231k of the 272K jobs. 85% of the jobs were produced by the use of a statistical model that derives a number based on assumptions about the economy which generates a number of new businesses (Birth) and the number of business failures (Death).

 

If you assume the economy is "great" what kind of output would you expect? Or if you assume the economy is "bad" would kind of output would you expect? So the question is what assumptions about the economy does the BLS make? That's not in the report so we can only assume they think things are great. Greater than most economists and job market experts conclude.

Paint it anyway you want, its a very healthy economy

[AlBUNDY4TDS]

11 minutes ago, Tiberius said:

More proof foreign workers are driving economic growth!

You can't possibly be this stupid? Right? Right?

[Tiberius]

 

https://www.washingtonpost.com/business/2024/06/07/may-jobs-unemployment/

 

Job creation accelerated from the previous month and even soared past average monthly growth gains of the year so far, which economists have described as a jobs boom after the labor market cooling that characterized much of 2023. Employers have now added jobs for 41 consecutive months, going back to January 2021. Average hourly wage growth accelerated sharply in May to $34.91, which is up 4.1 percent from the previous year. Still, wages have consistently beaten inflation for nearly a year, in a boost to American workers’ standard of living after years of wages falling behind inflation. 

Most signs point to a job market in a healthy spot. Layoffs remain near historic lows as employers are cautious to let people go; workers are staying in their place, rather than switching jobs at the elevated rate of the pandemic’s end when employers had to compete fiercely to keep up with demand.

“You have to zoom out and look at the overall picture,” said Julia Pollak, chief economist at ZipRecruiter. “This is a new normal — a less dynamic and more stay-in-place labor market where companies aren’t firing people quite as much and people aren’t switching jobs quite as much. As a result, companies aren’t having to hire quite as much either.”

👍

 

Economists say employers facing elevated interest rates that have made borrowing more expensive have been expecting rate cuts later this year, which can spur economic growth. And recent job data gives central bank policymakers some evidence that the economy is approaching a “soft landing,” meaning it is neither running to hot inflation nor veering toward a recession.

One reason that the labor market has grown steadily over the past year, boosting the overall economy as job openings fell, is due to a major pickup in immigration that helped close long-standing labor shortages. More than 3 million immigrants arrived to the United States in 2023, according to data from the Congressional Budget Office.

 

 

Trump's immigrant round up would kill the economy!

 

“Immigration has played very important role in bolstering our economy,” said Joe Brusuelas, chief economist for the accounting firm RSM US. “If we do see a curtailment of immigration, then I would expect that would create a tighter labor market. That would likely send the unemployment rate down and cause wages to rise.”

[Irv]

Bidenomics.  Why don't you hear that anymore?  Because it blows dead donkeys.  What a mess.  

 

 

Edited June 7 by Irv

[Tiberius]

2 hours ago, Tiberius said:

😍272,000 jobs!!!!!😍

 

 

@Irv 😄

[Doc]

7 hours ago, Tommy Callahan said:

Tibs doesn't understand the topic.  

 

 

 

 

It's not a cult...

[RiotAct]

Biden’s presidency HAS been very good for my retirement fund, I’ll give you that.

 

Our family’s disposable income? Not so much.

[B-Man]

 

[The Frankish Reich]

9 minutes ago, B-Man said:

 

Gundlach has been saying this for a while now.  Quite a while now.

He's a Buffalo guy so I am inclined to give him a pass, but he's now looking like the personification of that old joke "economists have predicted 5 out of the last 3 recessions."