B-Man Posted November 27, 2022 Share Posted November 27, 2022 Thanks, Joe! 41% of small businesses can't pay their rent this month. https://justthenews.com/nation/states/center-square/report-41-small-businesses-cant-pay-rent-month The small business network group Alignable released the survey, which found that the hardship varies by industry. A notable 57% of beauty salons said they couldn’t make rent as well as 45% of gyms, 44% of retail and 44% of restaurants. “Making matters worse, this occurred during a quarter when more money should be coming in and rent delinquency rates should be decreasing,” Alignable said. “But so far this quarter, the opposite has been true.” https://www.alignable.com/forum/rent-crisis-breaks-new-22-record-41-couldn-t-pay-in-nov-up-4 Link to comment Share on other sites More sharing options...
Chef Jim Posted November 27, 2022 Share Posted November 27, 2022 On 11/23/2022 at 7:24 AM, Tiberius said: Still a drop of 6% from October 2021 but yeah but good news........🙄 Link to comment Share on other sites More sharing options...
Gene Frenkle Posted November 27, 2022 Share Posted November 27, 2022 On 11/22/2022 at 9:27 PM, B-Man said: Sorry, sonny boy, no one believes that childish response any more. Every point is resourced by US statistics You're a pawn. It's a Russian account. Link to comment Share on other sites More sharing options...
B-Man Posted November 28, 2022 Share Posted November 28, 2022 Back to reality. WITH GOOD REASON: Most retirees and near-retirees are worried about the stock market and inflation. https://www.msn.com/en-us/money/savingandinvesting/most-retirees-and-near-retirees-are-worried-about-the-stock-market-and-inflation-here-s-what-they-re-doing-about-it/ar-AA14pz0j Link to comment Share on other sites More sharing options...
Chef Jim Posted November 28, 2022 Share Posted November 28, 2022 9 minutes ago, B-Man said: Back to reality. WITH GOOD REASON: Most retirees and near-retirees are worried about the stock market and inflation. https://www.msn.com/en-us/money/savingandinvesting/most-retirees-and-near-retirees-are-worried-about-the-stock-market-and-inflation-here-s-what-they-re-doing-about-it/ar-AA14pz0j Not the ones working with me. 😁 1 Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted November 28, 2022 Share Posted November 28, 2022 15 hours ago, Gene Frenkle said: You're a pawn. It's a Russian account. We gotta figure out which Russians though, Frenkle. The 2012 Russians were Russians that then-President Obama really seemed interested to work with, speaking of the post-election flexibility he would have in working with Vlad. They seemed nice. The 2014 Russians we can’t be so sure of. They had that whole Crimea thing going on, and annexation sounds painful enough. In fairness, there were only a handful of Russians that seemed responsible, at least based on the initial response. In the other hand, maybe that was part of that whole flexibility thing. The 2015/2016 Russians were tricky devils. They apparently directly and irrefutably changed the course of American history by partnering and conspiring with then candidate Trump. In fact, the actions undertaken were so devious that a couple dozen diplomats were expelled from the country just a couple weeks before the-then Prez vacated office. Apparently it took nearly the full 8 years for their deception and treachery to be discovered and nothing could have been done about them until late December. The 2016-2020 Russians were interesting. Between participating in the coup, helping to get a president elected illegitimately, convincing dem leadership that there was treason afoot, and confounding the special investigators that spread out over several years. Those Russians were just plain sneaky, I guess. The 2022 Russians, also known as the Biden-Watch Russians, it’s sort of universally agreed that those Russians are bad people. They sort of resemble the 2014 Russians, the ones active during the Obama flex years, but much more deadly and much more aggressive. Russians, go figure. 1 1 Link to comment Share on other sites More sharing options...
Tiberius Posted November 30, 2022 Share Posted November 30, 2022 And the stock market popped! In a speech at the Brookings Institution, Fed Chair Jerome H. Powell said the central bank saw some signs that inflation was easing in the costs of goods and housing, but that the tight labor market remained a problem for controlling prices. The Fed has made huge moves to get interest rates high enough to slow the economy. And Powell said it makes sense for officials to “moderate the pace” of those increases as soon as the central bank’s upcoming meeting in mid-December. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 30, 2022 Share Posted November 30, 2022 8 minutes ago, Tiberius said: And the stock market popped! In a speech at the Brookings Institution, Fed Chair Jerome H. Powell said the central bank saw some signs that inflation was easing in the costs of goods and housing, but that the tight labor market remained a problem for controlling prices. The Fed has made huge moves to get interest rates high enough to slow the economy. And Powell said it makes sense for officials to “moderate the pace” of those increases as soon as the central bank’s upcoming meeting in mid-December. And you're the one who chastised a while back when I suggested that raising interest rates was the best, and easiest, way to tame inflation. It's also a way to plunge the economy into a recession but I say so be it. Inflation needs to be controlled. Link to comment Share on other sites More sharing options...
B-Man Posted December 2, 2022 Share Posted December 2, 2022 Link to comment Share on other sites More sharing options...
Tiberius Posted December 3, 2022 Share Posted December 3, 2022 Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for an increase of 200,000 on the payrolls number and 3.7% for the jobless rate. The monthly gain was a slight decrease from October’s upwardly revised 284,000. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons edged lower to 6.7%. https://www.cnbc.com/2022/12/02/jobs-report-november-2022.html Link to comment Share on other sites More sharing options...
B-Man Posted December 8, 2022 Share Posted December 8, 2022 https://markets.businessinsider.com/news/stocks/blackrock-recession-warning-stock-market-analysis-2023-economic-outlook-2022-12 BlackRock says get ready for a recession unlike any other and 'what worked in the past won't work now' . Link to comment Share on other sites More sharing options...
Tiberius Posted December 13, 2022 Share Posted December 13, 2022 Inflation easing Quote Prices cooled again in November, giving some relief to households and businesses being squeezed by high inflation and the Federal Reserve’s ongoing fight to slow the economy. Data released Tuesday morning by the Bureau of Labor Statistics showed that prices rose 7.1 percent in November compared to last year, and 0.1 percent over October. Those figures are way too high for a healthy economy, but they showed further progress since the most recent inflation report, offering policymakers and the American public fresh hope that the Fed’s aggressive moves to tame inflation are paying off. https://www.washingtonpost.com/business/2022/12/13/cpi-november-inflation-fed/ 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted December 13, 2022 Share Posted December 13, 2022 1 minute ago, Tiberius said: Inflation easing https://www.washingtonpost.com/business/2022/12/13/cpi-november-inflation-fed/ Excellent! Just in time for the anticipated recession (partly kidding Tibs, don’t get all bent out of shape) Link to comment Share on other sites More sharing options...
Tiberius Posted December 13, 2022 Share Posted December 13, 2022 2 minutes ago, SoCal Deek said: Excellent! Just in time for the anticipated recession (partly kidding Tibs, don’t get all bent out of shape) I won't get bent out of shape at all! Wanna know a secret? 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted December 14, 2022 Author Share Posted December 14, 2022 I really wish this wasn’t going to happen but it is everywhere 1 Link to comment Share on other sites More sharing options...
B-Man Posted December 16, 2022 Share Posted December 16, 2022 Retail sales fell 0.6% in November as consumers feel the pressure from inflation. Retail sales for November declined 0.6%, even worse than the Dow Jones estimate for a 0.3% drop. Fed surveys from the New York and Philadelphia regions showed contraction in manufacturing activity in December. https://www.cnbc.com/2022/12/15/retail-sales-november-2022-sales-fall-0point6percent-as-consumers-feel-pressure-from-inflation.html 1 Link to comment Share on other sites More sharing options...
B-Man Posted December 17, 2022 Share Posted December 17, 2022 Poll: Majority of Americans Believe Biden’s Economy Will Get Even Worse in 2023. https://freebeacon.com/latest-news/poll-majority-of-americans-believe-bidens-economy-will-get-even-worse-in-2023/ https://www.wsj.com/articles/americans-pessimistic-about-prospects-for-the-economy-in-2023-wsj-poll-finds-11671150300?mod=politics_lead_pos4 They’re not wrong. 1 Link to comment Share on other sites More sharing options...
Precision Posted December 19, 2022 Share Posted December 19, 2022 Will be interesting to see how the media and markets react to the Philadelphia Fed report now that people are starting to notice it...... Biden second-quarter job numbers off by 1 million, Philadelphia Federal Reserve Bank says Some reports are indicating that the errors in the numbers extend through Q3 which could lead to job numbers lower by over 2 million. 2 Link to comment Share on other sites More sharing options...
B-Man Posted December 19, 2022 Share Posted December 19, 2022 Of course. Biden Admin Quietly Raises The Price It’s Willing To Pay To Refill Oil Reserves by Jack McEvoy The Energy Department announced Friday that it would begin buying oil to refill the U.S. Strategic Petroleum Reserve (SPR) at prices below $96 per barrel, even though the White House previously stated that the department would begin buying back oil at a price of $67 to $72 per barrel. The Energy Department declared that it would start to repurchase crude oil at a lower price than the $96 per barrel average price that barrels were previously sold for to secure a “good deal” for the taxpayer, according to an official press release https://dailycaller.com/2022/12/16/biden-quietly-raises-the-price-its-willing-to-pay-refill-strategic-oil-reserves/ https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve 1 Link to comment Share on other sites More sharing options...
Tiberius Posted December 22, 2022 Share Posted December 22, 2022 The annual federal deficit has also fallen, from $3.1 trillion for fiscal 2020 to $1.4 trillion for fiscal 2022. Link to comment Share on other sites More sharing options...
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