AlBUNDY4TDS Posted March 25 Posted March 25 22 minutes ago, BillStime said: 🎯   Nobody believes this. Nobody 1
BillStime Posted March 25 Author Posted March 25 1 minute ago, AlBUNDY4TDS said: Nobody believes this. Nobody  Consumer Sentiment is up 23.39% from one year ago.  Â
Doc Posted March 25 Posted March 25 12 minutes ago, AlBUNDY4TDS said: Nobody believes this. Nobody  Yup. And it's about what people believe. Like Joke "shutting down the virus" as a reason to vote for him. 1
All_Pro_Bills Posted March 25 Posted March 25 43 minutes ago, BillStime said:  Yeah, that's cute and all. Reminds me what the polls told us about 2022 midterm elections.  What it reminds you of is not a concern. The numbers are the numbers. If you think they're wrong or the methodology is defective, please explain.
BillStime Posted March 25 Author Posted March 25 1 minute ago, All_Pro_Bills said: What it reminds you of is not a concern. The numbers are the numbers. If you think they're wrong or the methodology is defective, please explain.  Yup, I know. Meanwhile: Consumer Sentiment is up 23.39% from one year ago.
Tommy Callahan Posted March 26 Posted March 26 130 debts to DGP ratio is amazing, we should shoot for 200%  Record high credit card debt.  Largest federal expense just became the debt.   Delinquencies rising.  residential and commercial real estate bubble.  unemployment looking good due to the southeast and upper Midwest pulling the average down. its over target in much of the country.   https://www.bls.gov/charts/state-employment-and-unemployment/state-unemployment-rates-map.htm             1
The Frankish Reich Posted March 26 Posted March 26 2 minutes ago, Tommy Callahan said: 130 debts to DGP ratio is amazing, we should shoot for 200%  Record high credit card debt.  Largest federal expense just became the debt.   Delinquencies rising.  residential and commercial real estate bubble.  unemployment looking good due to the southeast and upper Midwest pulling the average down. its over target in much of the country.   https://www.bls.gov/charts/state-employment-and-unemployment/state-unemployment-rates-map.htm             Everything you point to here is consistent with one thing: we are in an economic growth cycle. It's fine to say that that's not sustainable, that the economy is overheated and will inevitably result in a correction/recession, etc. But think about what that means: it means that the economy is strong now. It means that the Biden economy is strong. Why can't you admit that?Â
Tommy Callahan Posted March 26 Posted March 26 1 minute ago, The Frankish Reich said: Everything you point to here is consistent with one thing: we are in an economic growth cycle. It's fine to say that that's not sustainable, that the economy is overheated and will inevitably result in a correction/recession, etc. But think about what that means: it means that the economy is strong now. It means that the Biden economy is strong. Why can't you admit that? Its so strong the poor, middle and fixed are suffering.  but the investor class is doing great.  If it's so strong, the fed would be talking about raising rates. Not cutting 2-3 times this year.     Â
The Frankish Reich Posted March 26 Posted March 26 4 minutes ago, Tommy Callahan said: If it's so strong, the fed would be talking about raising rates. Not cutting 2-3 times this year The Fed: we thought growth would be slowing and we could cut 25 basis points in March. We were wrong. So maybe later.
Tommy Callahan Posted March 26 Posted March 26 4 minutes ago, The Frankish Reich said: The Fed: we thought growth would be slowing and we could cut 25 basis points in March. We were wrong. So maybe later. if the economy was on fire as you're stating. there wouldn't be a discussion about lowering it. . it would be to raise rates or stay the same. Â Â Â Â Â Â
Doc Posted March 27 Posted March 27 1 hour ago, BillsFanNC said: Â Â And I'm sure that one mention this month was him saying his last name and the mumbling that sometimes follows... 2
All_Pro_Bills Posted March 27 Posted March 27 (edited) 21 hours ago, The Frankish Reich said: Everything you point to here is consistent with one thing: we are in an economic growth cycle. It's fine to say that that's not sustainable, that the economy is overheated and will inevitably result in a correction/recession, etc. But think about what that means: it means that the economy is strong now. It means that the Biden economy is strong. Why can't you admit that? A country's currency does not lose 20% of its value in a growth cycle unless that growth is purely of a nominal nature fueled by inflation. Add in massive government spending and deficits to fuel consumption and social assistance that provide little to no long term value and I think that's what we've got here. You can't borrow yourself to prosperity while digging your own financial grave by carrying massive debts which have become your biggest recurring expense.  Edited March 27 by All_Pro_Bills 2
The Frankish Reich Posted March 27 Posted March 27 5 minutes ago, All_Pro_Bills said: A country's currency does not lose 20% of its value in a growth cycle unless that growth is purely of a nominal nature fueled by inflation. Add in massive government spending and deficits to fuel consumption and social assistance that provide little to no long term value and I think that's what we've got here. You can't borrow yourself to prosperity while digging your own financial grave by carrying massive debts which have become your biggest recurring expense.  As far as the U.S. dollar value goes relative to other major world currencies (the DXY): - up 7.46% over 6 years - up 1.63% over the last year Everyone's all worked up into a lather about China. So the dollar has tanked vs. the Chinese yuan during the Biden presidency, right? Wrong. Up about 12% vs. the yuan in the last 3 years.
The Frankish Reich Posted March 27 Posted March 27 And Japan must be kicking the dollar's ass too. I keep reading about their economic recovery. No. https://www.wsj.com/finance/currencies/yen-hits-34-year-low-as-hopes-for-boj-rate-increases-fade-d3d0da2d?mod=hp_lead_pos3 Â If anything, all of this suggests the dollar is too strong, making imports cheaper. Devaluing the dollar would fix that, but that typically means keeping interest rates low or even lowering them.
All_Pro_Bills Posted March 27 Posted March 27 (edited) 10 minutes ago, The Frankish Reich said: As far as the U.S. dollar value goes relative to other major world currencies (the DXY): - up 7.46% over 6 years - up 1.63% over the last year Everyone's all worked up into a lather about China. So the dollar has tanked vs. the Chinese yuan during the Biden presidency, right? Wrong. Up about 12% vs. the yuan in the last 3 years. I prefer a comparison monetary authorities reference which is a currency vs. spot gold which is hovering around $2,200/oz at the moment. Central banks have been loading up on the metal for a couple years now and that gives a clue as to where they see value and safety in allocating their reserves. Edited March 27 by All_Pro_Bills
Big Blitz Posted March 27 Posted March 27 2 hours ago, BillsFanNC said:   Lol remember when some in here said he was glad Biden embraced the term and he should run on it …. LOL  Yes, please do. Â
The Frankish Reich Posted March 27 Posted March 27 14 minutes ago, All_Pro_Bills said: I prefer a comparison monetary authorities reference which is a currency vs. spot gold which is hovering around $2,200/oz at the moment. Central banks have been loading up on the metal for a couple years now and that gives a clue as to where they see value and safety in allocating their reserves. True. Their are mixed signals in the markets since gold is typically just a hedge against inflation. But my point is that relative to basically all other world economies, the U.S. finds itself in first place. That ain't nuthin
K D Posted March 27 Posted March 27 https://www.usatoday.com/story/money/food/2024/03/26/california-minimum-wage-jobs/73107149007/ Â Lol, what did they think would happen? I'm sure Biden will say how he helped increase min wages. Another fake win for the libs 1
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