The Frankish Reich Posted December 22, 2023 Posted December 22, 2023 2 hours ago, Tiberius said: https://www.wsj.com/economy/what-to-watch-in-fridays-spending-report-inflation-closing-in-on-feds-target-0778037d Inflation retreated further in November, and consumer spending rose, another indication the U.S. economy can avoid a recession while bringing prices under control. The personal consumption expenditures price index fell 0.1% in November from the previous month, the first decline since April 2020. It was up 2.6% on the year. Excluding food and energy prices, the index was up 0.1% on the month, same as in October. On the year, core inflation was up 3.2% in November, down from 3.4%. The Federal Reserve targets 2% annual inflation using the PCE price index. On a six-month annualized basis, core inflation eased to 1.9%, suggesting the Fed is well on its way to reaching the target. Consumer spending, meanwhile, was up 0.2% on the month in November, down from 0.1% in October. Overall personal income was up 0.4%, down from 0.3% in October, a sign of confidence in the economy on the part of American households. Really good economic news. Has the Fed engineered that soft landing? The markets say "I think it has." 1 1
Tommy Callahan Posted December 22, 2023 Posted December 22, 2023 Welp. if the markets are good, all is well. 1
The Frankish Reich Posted December 22, 2023 Posted December 22, 2023 10 minutes ago, Tommy Callahan said: Welp. if the markets are good, all is well. Wisdom of the crowd.
Tommy Callahan Posted December 22, 2023 Posted December 22, 2023 3 minutes ago, The Frankish Reich said: Wisdom of the crowd. W if you're in the super 7 or invested in them. your right. Just like the Lego movie. Everything is awesome. we should all sing it. https://youtu.be/StTqXEQ2l-Y?si=VkIWCpTyFZJu4kDN 2
US Egg Posted December 22, 2023 Posted December 22, 2023 6 minutes ago, Tommy Callahan said: Everything is awesome. Guess this is deemed as awesome and reflective of the economic uptick so many are raving about: https://www.bankrate.com/banking/savings/emergency-savings-report/ 1
Irv Posted December 29, 2023 Posted December 29, 2023 Biden and his buddies ***** the pooch on the economy. What a mess. 1 1
Tommy Callahan Posted December 29, 2023 Posted December 29, 2023 36 minutes ago, BillStime said: 🎯 Amazing returns. Spend 1.6B of our tax dollars to the fortune 500 so they can put in 800G then profit till the contract expires. 1
BillStime Posted December 29, 2023 Author Posted December 29, 2023 6 minutes ago, Tommy Callahan said: 1.6B Pretty specific number - source? 1
Tommy Callahan Posted December 29, 2023 Posted December 29, 2023 3B in one stimmy. https://www.eda.gov/funding/programs/American-rescue-plan One year ago, President Biden signed into law the CHIPS and Science Act (CHIPS), which makes a nearly $53 billion investment in U.S. semiconductor manufacturing, research and development, and workforce. The law also creates a 25 percent tax credit for capital investments in semiconductor manufacturing $500 million The Tech Hubs program was enacted as part of the CHIPS and Science Act of 2022 (as the Regional Technology and Innovation Hubs program), and Congress appropriated EDA $500 million for it as part of the FY 2023 Omnibus Appropriations Bill. From our pockets to investors' portfolios 1
John from Riverside Posted January 5 Posted January 5 On 12/28/2023 at 4:54 PM, Irv said: Biden and his buddies ***** the pooch on the economy. What a mess. It’s like you wake up, spout, something without reading, anything and then go back to sleep irv 1
Tiberius Posted January 5 Posted January 5 22 minutes ago, BillStime said: 🎯 Nice! Soft landing 17 minutes ago, KDIGGZ said: "job growth" aka there was a pandemic and then there wasn't And anyone that wants a job can get one 1 2
K D Posted January 5 Posted January 5 2 minutes ago, Tiberius said: And anyone that wants a job can get one And unfortunately most lefties don't
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