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


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44 minutes ago, The Frankish Reich said:

Gary Cohn, Trump's former chief economic advisor, on CNBC now.

 

"The chief risk is slowing down (inflation) too fast now."

Yes.  The markets don't react well to actual deflation.  

 

It's why the sweet spot is inflation below wage growth.  

 

 

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Just buying votes with other people's money 

 

 

 

 

It's amazing how many college educated people on the receiving end of this claim it's just being taken off the books and doesn't cost anything.  

 

 

 

 

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18 minutes ago, Tommy Callahan said:

Just buying votes with other people's money 

 

 

 

 

It's amazing how many college educated people on the receiving end of this claim it's just being taken off the books and doesn't cost anything. 

 

They don't care.  Free money, yo!

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US durable goods new orders print for preliminary June data was a disaster - plunging 6.6% MoM

 

 

The Commerce Department said durable goods orders plunged by 6.6 percent in June after inching up 0.1 percent in May. Economists had expected durable goods orders to rise by 0.3 percent.

 

https://www.rttnews.com/3462971/u-s-durable-goods-orders-unexpectedly-plunge-6-6-in-june.aspx

 

 

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On 7/11/2024 at 10:06 AM, BillsFanNC said:

 

That is so incredibly stupid.

This commenter calling for major deflation.

Good old deflation. My money will be worth more next year than it is this year. I'm gonna just not buy anything except absolute essentials now. Demand tanks. People are laid off. Unemployment soars.

Stupid.

That's why the Fed targets 2 percent inflation, not deflation. Not now, not ever.

 

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2 minutes ago, The Frankish Reich said:

That is so incredibly stupid.

This commenter calling for major deflation.

Good old deflation. My money will be worth more next year than it is this year. I'm gonna just not buy anything except absolute essentials now. Demand tanks. People are laid off. Unemployment soars.

Stupid.

That's why the Fed targets 2 percent inflation, not deflation. Not now, not ever.

 

The fact is inflation for essentials are way over two percent.  

 

So when those get back to 2.  And peoples wages have cought up.  

Inflation will no longer be crippling for most Americans. 

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11 minutes ago, Roundybout said:


You’re comparing record factory development to a company that went defunct 13 years ago?


Wasn’t it also part of the same program that helped Tesla get started?

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