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Recession is upon us - disastrous economic data


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1 hour ago, The Frankish Reich said:

Those numbers are still YOY.

The current month-to-month inflation rate - the amount by which prices are actually increasing today - is much lower.

We've beaten back inflation.

The feds mandate is 2% inflation.  Not 3

 

 

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1 hour ago, The Frankish Reich said:

Those numbers are still YOY.

The current month-to-month inflation rate - the amount by which prices are actually increasing today - is much lower.

We've beaten back inflation.

 

Hurray.  After suffering for 3.5 years of record, out-of-control Bidenflation.  How much does a gallon of gas cost again?  Remind me.  What a mess.  

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7 minutes ago, Tommy Callahan said:

Voices screaming inflation is down are proving how out of touch they are with reality. 

 

Stock market isn't main Street or the economy.  

Of course it isn't.

But the billions of individual decisions that go into whether the market is up or down are reflecting a general optimism about economic conditions. One that is odds with "recession is upon us."

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36 minutes ago, The Frankish Reich said:

Of course it isn't.

But the billions of individual decisions that go into whether the market is up or down are reflecting a general optimism about economic conditions. One that is odds with "recession is upon us."

Na.  Your hung up on adjusted macro data and crapping on the micro that is putting people on the streets 

 

But then again.  The left and hypocrisy.  The two seem to be tied together anymore 

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My hunch, not yet confirmed by polling: the rise of Harris in the polls isn't just about getting rid of the elderly Biden. It also gave people a chance to assess what they think about the economy today, and to realize that things are quite a bit brighter than the Old Man (Trump vs. Biden) Malaise suggested.

Harris is running now against the backdrop of a strong economy. Historically that puts her in a very strong position, and Trump's harping on how everything is awful is beginning to sound completely untethered to reality.

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1 hour ago, The Frankish Reich said:

My hunch, not yet confirmed by polling: the rise of Harris in the polls isn't just about getting rid of the elderly Biden. It also gave people a chance to assess what they think about the economy today, and to realize that things are quite a bit brighter than the Old Man (Trump vs. Biden) Malaise suggested.

Harris is running now against the backdrop of a strong economy. Historically that puts her in a very strong position, and Trump's harping on how everything is awful is beginning to sound completely untethered to reality.

 

Yeah, higher prices, illegals causing crime and the World melting down.  Sounds like nirvana...

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