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

[Tommy Callahan]

 

[Big Blitz]

 

[Tommy Callahan]

Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets 

 

What you wanna bet she wants her college debt paid 

 

 

[All_Pro_Bills]

On 4/23/2024 at 1:49 PM, Tommy Callahan said:

Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets 

 

What you wanna bet she wants her college debt paid 

 

 

On this surface this young women's suggestion sounds ridiculous unless you apply it to the banking system and then realize that's more or less how it works.  The banks along with the Fed "create" money for more or less "free" and charge the rest of us a fee in the form on interest to use it.  Its quite a racket.

[Tiberius]

On 4/23/2024 at 1:49 PM, Tommy Callahan said:

Bidens inflation reduction act didn't seem to do anything but fill the right folks pockets 

 

What you wanna bet she wants her college debt paid 

 

 

GDP growth slowed sharply in first quarter. Sounds bad but it could/probably means inflation will further slow leading to rate cuts soon

 

Rates are not bad now, but a little boost with the cuts should make things purr along/

 

Russia's interest rates are 16% HA HA

[All_Pro_Bills]

26 minutes ago, Tiberius said:

GDP growth slowed sharply in first quarter. Sounds bad but it could/probably means inflation will further slow leading to rate cuts soon

 

Rates are not bad now, but a little boost with the cuts should make things purr along/

 

Russia's interest rates are 16% HA HA

The bad news is the PCE with adjusts GDP for inflation rose to 3.7% in Q124 which combined with a slowing GDP points to a stagflationary environment.  

[Tiberius]

9 minutes ago, All_Pro_Bills said:

The bad news is the PCE with adjusts GDP for inflation rose to 3.7% in Q124 which combined with a slowing GDP points to a stagflationary environment.  

You wish America would suffer that. Not happening 

[B-Man]

14 minutes ago, Tiberius said:

 

 

 

Bidenomics, Baby! Economic Growth Slowed Significantly in First Quarter

 

 

 

It's fine. Totally fine. The economy is great, thanks for asking.

 

The U.S. economy has 'slowed significantly' in the first quarter of 2024. Which we didn't need an economist to tell us.

 

 

https://twitchy.com/amy-curtis/2024/04/25/usatoday-economists-say-inflation-will-slow-down-after-surge-n2395459

 

 

.

[The Frankish Reich]

22 minutes ago, B-Man said:

 

 

Bidenomics, Baby! Economic Growth Slowed Significantly in First Quarter

 

 

 

It's fine. Totally fine. The economy is great, thanks for asking.

 

The U.S. economy has 'slowed significantly' in the first quarter of 2024. Which we didn't need an economist to tell us.

 

 

https://twitchy.com/amy-curtis/2024/04/25/usatoday-economists-say-inflation-will-slow-down-after-surge-n2395459

 

 

.

One man's slowing in growth is another man's soft landing (and associated Fed rate cut).

But hey, keep that glass half empty ...

[JDHillFan]

22 minutes ago, The Frankish Reich said:

One man's slowing in growth is another man's soft landing (and associated Fed rate cut).

But hey, keep that glass half empty ...

You are the one that believes the housing market is in good shape because some sellers may reap generational wealth, correct? Kudos are in order for belonging to a very exclusive group with that thinking. But hey, keep that glass about 1/10 full

…

[The Frankish Reich]

1 minute ago, JDHillFan said:

You are the one that believes the housing market is in good shape because some sellers may reap generational wealth, correct? Kudos are in order for belonging to a very exclusive group with that thinking. But hey, keep that glass about 1/10 full

…

Different thing.

The housing market: for every loser (the young person paying a high price for a home), there's a winner (the old person making a mint and retiring somewhere warm).

On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ...

[JDHillFan]

2 minutes ago, The Frankish Reich said:

Different thing.

The housing market: for every loser (the young person paying a high price for a home), there's a winner (the old person making a mint and retiring somewhere warm).

On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ...

It seems that people noticing everything around them is the one thing you actually find bad. 
 

[The Frankish Reich]

6 minutes ago, JDHillFan said:

It seems that people noticing everything around them is the one thing you actually find bad. 
 

Here's the WSJ worrying that things are too good and can't last. It seems that nobody on the right (old or new) can be happy these days.

 

https://www.wsj.com/economy/global/us-economy-strongest-world-imf-projections-8e707514

 

America’s Economy Is No. 1. That Means Trouble.

If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades.

That’s based on the latest projections from the International Monetary Fund. According to the IMF, Europe’s share of world GDP has dropped 1.4 percentage points since 2018, and Japan’s by 2.1 points. The U.S. share, by contrast, is up 2.3 points.

China’s share is up since 2018, too. But instead of overtaking the U.S. as the world’s largest economy, the Chinese economy has slipped in size to 64% of the U.S.’s from 67% in 2018.

 

You sound like my mother. 75 degrees, sunny, gentle breeze. Me: what a fantastic day! Mom: but not for long! The weatherman says it may snow next week.

Edited Thursday at 06:36 PM by The Frankish Reich

[JDHillFan]

32 minutes ago, The Frankish Reich said:

Here's the WSJ worrying that things are too good and can't last. It seems that nobody on the right (old or new) can be happy these days.

 

https://www.wsj.com/economy/global/us-economy-strongest-world-imf-projections-8e707514

 

America’s Economy Is No. 1. That Means Trouble.

If you want a single number to capture America’s economic stature, here it is: This year, the U.S. will account for 26.3% of the global gross domestic product, the highest in almost two decades.

That’s based on the latest projections from the International Monetary Fund. According to the IMF, Europe’s share of world GDP has dropped 1.4 percentage points since 2018, and Japan’s by 2.1 points. The U.S. share, by contrast, is up 2.3 points.

China’s share is up since 2018, too. But instead of overtaking the U.S. as the world’s largest economy, the Chinese economy has slipped in size to 64% of the U.S.’s from 67% in 2018.

 

You sound like my mother. 75 degrees, sunny, gentle breeze. Me: what a fantastic day! Mom: but not for long! The weatherman says it may snow next week.

Bloomberg:

 

GDP advances an annualized 1.6%, slower than all projections

First-quarter core inflation measure accelerates to 3.7% rate

 

Frankish:

 

Of course! All good!

 

https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts