Doc Posted April 28, 2022 Posted April 28, 2022 Looks like the first target of the new "Disinformation Governance Board to me...
All_Pro_Bills Posted April 28, 2022 Posted April 28, 2022 38 minutes ago, Big Blitz said: More from State Run News! NO RECESSION!!! Did the U.S. economy really shrink in early 2022? Is a recession near? No, and here’s why The surprising contraction in the U.S. economy in the first quarter has been written off by Wall Street as a misleadingly weak number that in no way signals an oncoming recession. So how well did the economy really perform? Not bad, it seems. Maybe even pretty good, economists say. “The first quarter was not as bad as it looks at first glance,” said chief economist Bill Adams of Comerica Bank in Toledo, Ohio. A better way to assess the economy’s performance, economists say, is to look at final sales to U.S. customers. Simply put, the measure strips out exports and inventories and focuses on how much stuff Americans are buying from U.S. and foreign sellers. Can the good times last? YES THEY ACTUALLY WROTE THAT! Economists predict GDP will accelerate to a 2% clip in the second quarter, but as always, the devil will be in the details. The U.S. could be facing tougher times with the Federal Reserve raising interest rates and more turbulence overseas. https://on.mktw.net/3KuFCkF Freaking Stupid Federal Resrve. And Russia! To bankers and analysts whose salaries and $300K+ compensation packages & million dollar bonuses depend on peddling the "growth" story nothing ever looks bad. Don't expect negative opinions to ever come out of their mouths or get typed into their keyboards. The economy would need to grow at a 10% nominal clip to account for 8% inflation plus 2% real growth. Just remember whatever bad happens is Putin's fault and whatever good happens is due to Biden's adept handling of the economy. 1 1
B-Man Posted April 29, 2022 Posted April 29, 2022 Stagflation is staring Biden in the face — but he refuses to change course. https://nypost.com/2022/04/28/stagflation-is-staring-biden-in-the-face-but-he-refuses-to-change-course/
Big Blitz Posted April 29, 2022 Author Posted April 29, 2022 (edited) How'd everyone's 401K or pensions doing today? Dow tumbles more than 900 points Friday, Nasdaq books worst month since 2008 crash The Dow Jones Industrial Average _ fell about 938 points, or 2.8%, ending the session near 32,977. Continued carnage in technology-related stocks left the S&P 500 index _ down 3.6% on Friday, while the Nasdaq Composite Index _ lost 4.2%. It also marked the worst month for the Dow and S&P 500 since March 2020, but the 13.3% monthly skid for the Nasdaq was its biggest drop since October 2008, according to Dow Jones Market Data. http://www.marketwatch.com/story/dow-tumbles-more-than-900-points-friday-nasdaq-books-worst-month-since-2008-crash-2022-04-29 Dam guys. Biden didn't even need a self inflicted shutdown to pull this off! Congratulations Branch Covidians give yourselves a round of applause excellent work all around give it up for yourselves nice job!!! Edited April 29, 2022 by Big Blitz
SoCal Deek Posted April 29, 2022 Posted April 29, 2022 Mess? What mess? Bernie clearly said that if we just got everyone up to $15 per hour that everything would be perfect! 😂😂😂 1
TSOL Posted April 30, 2022 Posted April 30, 2022 8 dollars and 19 cents for four chicken thighs. Thanks Biden voters, mandate me harder They were like $4.50 18 months ago 1 1
Big Blitz Posted May 1, 2022 Author Posted May 1, 2022 BUT ITS NO BIG DEAL WE SWEAR!!! This is insane. We are borderline North Korea... Foreclosure filings are up 132% from a year prior. Here’s what that means for the housing market (and it’s not what you might think) That the number of active foreclosures (this is when the foreclosure process has begun on a seriously delinquent loan, but it has yet to be completed and liquidated) edged up by more than 7,000 in March — the first year-over-year increase in almost 10 years, according to mortgage technology, data and analytics provider Black Knight. Secondly, more than 78,000 U.S. properties had a foreclosure filing during the first quarter of 2022, which is up 39% from the previous quarter and up 132% from a year ago, according to real estate analytics company ATTOM. And third, serious mortgage delinquencies — those 90 or more days past due — are 70% higher than they were pre-pandemic, according to Black Knight. While those numbers seem grim, pros say the reality isn’t as bad as it looks: https://www.marketwatch.com/story/foreclosure-filings-are-up-132-from-a-year-prior-heres-what-that-means-for-the-housing-market-and-its-not-what-you-might-think-11651351836 . 1
Big Blitz Posted May 4, 2022 Author Posted May 4, 2022 (edited) ACTUAL HEADLINE! And one man is going to save our economy just like we all planned this out! Jerome Powell wants to say ‘Bye bye bye’ to inflation as he dusts off the Fed’s early- 2000s playbook https://fortune.com/2022/05/04/jerome-powell-inflation-federal-reserve-rate-hike-nsync-volcker/ Edited May 4, 2022 by Big Blitz 1
ALF Posted May 5, 2022 Posted May 5, 2022 Shell posts record quarterly profit of $9 billion https://www.cnn.com/2022/05/05/investing/shell-earnings-record-profit/index.html In just 3 months , wonder why inflation , especially diesel for big rigs. 1
Big Blitz Posted May 5, 2022 Author Posted May 5, 2022 Dow sinks 1,300 points, Nasdaq tumbles 5.9% as stocks flirt with worst day in two years https://on.mktw.net/384ys9O SCOTUS fault. 1
Boatdrinks Posted May 5, 2022 Posted May 5, 2022 5 hours ago, ALF said: Shell posts record quarterly profit of $9 billion https://www.cnn.com/2022/05/05/investing/shell-earnings-record-profit/index.html In just 3 months , wonder why inflation , especially diesel for big rigs. Lesson : don’t f*#% with the supply of oil. It literally drives the US economy.
All_Pro_Bills Posted May 5, 2022 Posted May 5, 2022 10 minutes ago, Boatdrinks said: Lesson : don’t f*#% with the supply of oil. It literally drives the US economy. And all I hear is from the green energy crowd is how solar panels and windmills are going to enable a future of endless prosperity and abundant and reliable renewable energy. Also a headline from today's stock markets: Sinko de Mayo. More good news for Joe. Expecting next accusations from the President's few remaining supporters that Jerome Powell is working for Putin too. 1
Big Blitz Posted May 5, 2022 Author Posted May 5, 2022 25 minutes ago, B-Man said: From CNBC........ Love this: "Fed Chairman Jerome Powell said at his post-meeting news conference Wednesday that he still sees the U.S. in a strong position though inflation must be tamed if the recovery is to remain strong." Wow. We're in recovery. Imagine what boom time must look like! One thing about "productivity." Unintended consequence of the Self Inflicted Democrat Insurrection in March 2020 - subconsciously in the back of everyone's mind - "I don't want to be here....I don't think I even have to be here......I definitely don't want to be here......why am I even here?" That's the attitude of the Return to Workforce. They had 18 months "off" and life went on just fine.* Checks kept coming in. A little work from the Zoom in their pajama pants. Why can't we just do that forever things we're great! *Not for the kids and not for normal people 1
B-Man Posted May 6, 2022 Posted May 6, 2022 ‘We are nowhere near the bottom,’ top economist says as global markets crater. https://www.cnbc.com/2022/05/06/nowhere-near-the-bottom-top-economist-says-as-global-markets-crater.html
B-Man Posted May 6, 2022 Posted May 6, 2022 Austan Goolsbee says don’t be fooled by the topline number: And Jason Furman says the White House happy talk on wages may be even more empty than usual: Yeah, but who’s listening to those far-right, MAGA …............. Obama advisors? https://hotair.com/ed-morrissey/2022/05/06/apres-le-fed-deluge-428000-jobs-added-in-april-unemployment-rate-level-at-3-6-n467441
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