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

[Over 29 years of fanhood]

7 hours ago, Tiberius said:

Sure, and tomorrow you will be Queen Elizabeth 

yo tibsy! I just knocked out a couple emails to the help out the slides for the board, responded to a bunch of requirement inquiries from the developers, and managed some inquiries from legal while I was watching the Celtics sixers,  And  earned ” tax obligations” to fund your free or reduced lunch.
 

Let me know if you change your mind on doing sone hoses work, if I can help you. 

Edited May 6, 2023 by Over 29 years of fanhood

[Tiberius]

 

[B-Man]

 

 

[B-Man]

 

Biden Unleashes The Regulatory Kraken — And There’s No Land In Sight

Issues & Insights, by The Editorial Board

 

In the span of a few weeks, the Biden administration has proposed regulations that would effectively ban gas stoves, force a massive shift to electric cars, sharply raise the cost of dishwashers, increase loan costs for frugal borrowers, regulate puddles as “navigable waters,” and limit hunting and fishing across the country.

 

It will soon release a proposed rule targeting power plants with hugely expensive carbon capture mandates. This is just the tip of the spear. As the Competitive Enterprise Institute’s Clyde Wayne Crews put it recently, “President Biden is leading an unprecedented expansion of the administrative state.

 

https://issuesinsights.com/2023/05/08/biden-unleashes-the-regulatory-kraken-and-theres-no-land-in-sight/

 

 

[Tiberius]

Chips and Inflation Adjustment Act. Fortune magazine reported recently, “The Biden administration’s efforts to revive U.S. manufacturing appear to be succeeding, with some business sectors plowing in almost 20 times the investment in new U.S. manufacturing projects versus only a few years ago.” The Chips and Science Act and the Inflation Reduction Act have injected “over $400 billion into clean energy technology and semiconductor manufacturing in the form of government incentives and subsidies, as well as create thousands of new jobs.” On top of that, private industry has invested more than $200 billion, “almost double what it was in 2021 and nearly 20 times above 2019 levels.” The number of projects more than $1 billion went from four in 2019 to 31 now. The result: More than 100,000 clean tech jobs were created since the IRA and the Chips Act passed. Biden is transforming the economy.

 

https://www.washingtonpost.com/opinions/2023/05/05/may-5-travel-newsletter/

[Tommy Callahan]

19 minutes ago, B-Man said:

 

Biden Unleashes The Regulatory Kraken — And There’s No Land In Sight

Issues & Insights, by The Editorial Board

 

In the span of a few weeks, the Biden administration has proposed regulations that would effectively ban gas stoves, force a massive shift to electric cars, sharply raise the cost of dishwashers, increase loan costs for frugal borrowers, regulate puddles as “navigable waters,” and limit hunting and fishing across the country.

 

It will soon release a proposed rule targeting power plants with hugely expensive carbon capture mandates. This is just the tip of the spear. As the Competitive Enterprise Institute’s Clyde Wayne Crews put it recently, “President Biden is leading an unprecedented expansion of the administrative state.

 

https://issuesinsights.com/2023/05/08/biden-unleashes-the-regulatory-kraken-and-theres-no-land-in-sight/

 

 

Still waiting to see the police, state/city fleets, company fleets, Politicians fleets go electric. 

 

Biden rides around in a fleet of suburbans. like the rest of them.

 

 

[Tiberius]

Decent news about inflation, slowly getting better 

 

https://www.cnbc.com/2023/05/10/cpi-inflation-april-2023.html

[Tommy Callahan]

the people saying this economy is getting better vs the crapper are only showing how out of touch with reality they are. 

 

A widely followed measure of inflation rose in April, though the pace of the increase provided some hope that the cost of living will head lower later this year.

The consumer price index, which measures the cost of a broad swath of goods and services, increased 0.4% for the month, in line with the Dow Jones estimate, according to a Labor Department report Wednesday.

 

 

 

 

Edited May 10, 2023 by Chris farley

[Roundybout]

https://www.wsj.com/articles/workers-job-satisfaction-survey-c42addba

 

Quote

Job satisfaction hit a 36-year high in 2022, reflecting two effects of the tight pandemic labor market: The quality of jobs improved as wages and work flexibility increased, and workers moved into positions that were a better fit.

 

Last year, 62.3% of U.S. workers said they were satisfied with their jobs, according to new data from the Conference Board, up from 60.2% in 2021 and 56.8% in 2020. The business-research organization polled workers on 26 aspects of work, and found that people were most content with their commutes, their co-workers, the physical environment of their workplace and job security.

 

Of note. 

[Tommy Callahan]

2 minutes ago, Roundybout said:

https://www.wsj.com/articles/workers-job-satisfaction-survey-c42addba

 

 

Of note. 

Lol.  That's like quoting the 💯 rate at your company climate survey. 

[Roundybout]

4 hours ago, Chris farley said:

Lol.  That's like quoting the 💯 rate at your company climate survey. 

Happier workers = more productivity = better economy = happier me 

[Tommy Callahan]

14 minutes ago, Roundybout said:

Happier workers = more productivity = better economy = happier me 

Its WSJ so the headline probably doesn't match the details.  they asked every employee in the country?

 

LMAO.

 

yeah. things are great in the corporate world/workplace right now.  about as good as the economy. 

 

 

while you got that  "everything is Awesome" song going

 

https://www.youtube.com/watch?v=StTqXEQ2l-Y

 

 

 

 

 

 

 

Edited May 12, 2023 by Chris farley

[Roundybout]

9 minutes ago, Chris farley said:

Its Wa Po so the headline probably doesn't match the details.  they asked every employee in the country?

 

LMAO.

 

yeah. things are great in the corporate world/workplace right now.  about as good as the economy. 

 

 

while you got that  "everything is Awesome" song going

 

https://www.youtube.com/watch?v=StTqXEQ2l-Y

 

 

 

 

 

 

 

It’s not WaPo, it’s Wall Street Journal, and they didn’t do the survey, The Conference Board did. They’ve done it for decades. 
 

https://www.investopedia.com/terms/c/conferenceboard.asp

[Tommy Callahan]

1 minute ago, Roundybout said:

It’s not WaPo, it’s Wall Street Journal, and they didn’t do the survey, The Conference Board did. They’ve done it for decades. 
 

https://www.investopedia.com/terms/c/conferenceboard.asp

that's awesome.  A 501(c)(3) charity. IE, PAC.  that's owned by donations from fortune 500 companies.  love how they call themselves a think tank.

 

 

 

The Conference Board - Wikipedia

 

https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-501c3-organizations#:~:text=Organizations described in section 501,accordance with Code section 170.

 

 

 

 

 

 

[Tiberius]

19 minutes ago, Chris farley said:

Its WSJ so the headline probably doesn't match the details.  they asked every employee in the country?

 

LMAO.

 

yeah. things are great in the corporate world/workplace right now.  about as good as the economy. 

 

 

while you got that  "everything is Awesome" song going

 

https://www.youtube.com/watch?v=StTqXEQ2l-Y

 

 

 

 

 

 

 

So you have no job? That doesn't mean everyone is as lost as you are. 

[Tommy Callahan]

6 minutes ago, Tiberius said:

So you have no job? That doesn't mean everyone is as lost as you are. 

Comprehension is key. 

 

Unlike you and that one, I have actual understanding of what's going on in the workforce.

 

vs reading it in articles provided by corporate funded PACS.

 

DERPY

[Roundybout]

15 minutes ago, Chris farley said:

that's awesome.  A 501(c)(3) charity. IE, PAC.  that's owned by donations from fortune 500 companies.  love how they call themselves a think tank.

 

 

 

The Conference Board - Wikipedia

 

https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-501c3-organizations#:~:text=Organizations described in section 501,accordance with Code section 170.

 

 

 

 

 

 

Well they’ve been doing this for a century so they’ve got some credibility. Hell, worker happiness bottomed out under Obama, per their data, and rose under Trump. 

Edited May 12, 2023 by Roundybout

[Tommy Callahan]

3 minutes ago, Roundybout said:

Well they’ve been doing this for a century so they’ve got some credibility. Hell, worker happiness bottomed out under Obama, per their data, and rose under Trump. 

its not then, and citizens united changed the game.

 

its a corporate funded PR.

 

but who knows, maybe they polled the investors as modern public corporations only worry about returns to investors. 

 

 

 

 

 

 

Edited May 12, 2023 by Chris farley

[B-Man]

 

 

American Consumer Debt Hits Record Level, Rises Nearly $3 Trillion Since Lockdowns.

 

 

https://www.dailywire.com/news/american-consumer-debt-hits-record-level-rises-nearly-3-trillion-since-lockdowns

 

 

.

[B-Man]

Bidenomics: A retooled notion --- but one just as disastrous.

By Rich Lowry

 

Bidenomics is not just about spending money anymore.

 

No, it's about a whole new economic paradigm, according to a recent speech at the Brookings Institution by National Security Adviser Jake Sullivan.

He describes the Biden approach as a "modern American industrial strategy."

 

In so doing, he partakes of the left's fondness for putting the adjective "modern" in front of an old idea to make it sound shiny and new.

 

"Modern monetary theory" is the phrase for the persistent notion — or temptation — that you can spend gobs of money you don't have without consequence.

 

"Modern" industrial policy is presumably superior to "antiquated" industrial policy, but both suffer from the same conceit that government — with all its inefficiencies and the inevitable inconsistencies and compromises that come with legislative sausage-making — can see the future better than market players.

 

Now, it's true that government partnerships with the private sector — and in extreme circumstances, government direction of the economy — can be useful.

 

But the counterexamples are extensive.

 

https://jewishworldreview.com/0523/lowry051623.php

 

.

[B-Man]

 

 

More Americans are struggling to make ends meet NOW than in the aftermath of the pandemic

– new survey shows nearly 40% of US households can’t pay expenses.

 

Roughly two in five Americans are still struggling to make ends meet, new federal data has shown – more than the amount seen in the aftermath of the Covid-19 pandemic.

 

The revelation comes from the Census Bureau’s latest household survey, released Wednesday, which shows some 38.5 percent of adults – or 89.1 million people – experienced difficulty paying their bills between April 26 and May 8.

 

The number is up from a year ago, when 34.4 percent of Americans reported they were undergoing budget crunches and comes as a near-50 percent increase from the 26.7 percent recorded in 2021.

 

https://www.dailymail.co.uk/news/article-12098669/More-Americans-struggling-make-ends-meet-pandemic-survey-shows.html

 

https://www.census.gov/programs-surveys/household-pulse-survey.htmlThat means the Biden cabal’s economic plan is working.

 

 

[Over 29 years of fanhood]

As bad a trump was it was In fathomable it could be worse…. Biden was gladly worse with a pleasant smile 😀 

Edited May 20, 2023 by Over 29 years of fanhood

[AlBUNDY4TDS]

7 hours ago, Over 29 years of fanhood said:

As bad a trump was it was In fathomable it could be worse…. Biden was gladly worse with a pleasant smile 😀 

Not according to tibs, if we are struggling we just need better jobs!

[cle23]

On 5/16/2023 at 10:14 AM, B-Man said:

 

 

American Consumer Debt Hits Record Level, Rises Nearly $3 Trillion Since Lockdowns.

 

 

https://www.dailywire.com/news/american-consumer-debt-hits-record-level-rises-nearly-3-trillion-since-lockdowns

 

 

.

 

And you're ignoring that a majority of that debt is mortgage debt fueled by low interest rates. Rates are up now, but this lists from the lockdowns. It was more affordable at that point to buy homes than rent, or plenty of people upgraded homes due to the rates.

[ALF]

The price gouging that is widespread now is unbelievable 

[galept]

12 minutes ago, ALF said:

The price gouging that is widespread now is unbelievable 

 

Quite frustrating. These prices are never going down. The hope now is that eventually they stop rising so sharply.

[Tommy Callahan]

1 hour ago, ALF said:

The price gouging that is widespread now is unbelievable 

The investment funds that own said corporations want the increased profits year over year.  

[B-Man]

 

 

 

[The Frankish Reich]

https://www.wsj.com/articles/get-ready-for-deflation-fed-powell-tightening-money-supply-contraction-36ce5530?mod=trending_now_opn_1

 

Inflation Has Peaked—Get Ready for Deflation

Price increases would have eased without the Fed’s tightening, which we will soon see was overkill.

 

- short-term interest rates are high. I shifted heavily to treasuries and laddered CDs. What's not to like about 5% risk-free (that is, if the US Govt doesn't default!) returns?

- it is prudent to move some money into long bonds now. If we do go through a deflationary spell, those 3.5% long treasuries will go up in value

 

Income investing is back. 

[Tommy Callahan]

I know its Zero hedge. but damn. this isnt good.

 

https://www.zerohedge.com/economics/all-new-us-jobs-covid-crash-have-gone-foreign-born-workers

 

its amazing how the Media is collectively ignoring the collapsing economy and pain at the consumer/middle- and lower-income levels. 

 

 

On 5/24/2023 at 11:32 AM, The Frankish Reich said:

https://www.wsj.com/articles/get-ready-for-deflation-fed-powell-tightening-money-supply-contraction-36ce5530?mod=trending_now_opn_1

 

Inflation Has Peaked—Get Ready for Deflation

Price increases would have eased without the Fed’s tightening, which we will soon see was overkill.

 

- short-term interest rates are high. I shifted heavily to treasuries and laddered CDs. What's not to like about 5% risk-free (that is, if the US Govt doesn't default!) returns?

- it is prudent to move some money into long bonds now. If we do go through a deflationary spell, those 3.5% long treasuries will go up in value

 

Income investing is back. 

you mean buying up crap cheap when it goes under.  deflation is good for some, horrible for the GDP and revenue. 

 

going to be interesting to see what the FED does. 

 

damned if they do, damned if they dont.

 

 

 

 

 

 

[The Frankish Reich]

28 minutes ago, Chris farley said:

you mean buying up crap cheap when it goes under. 

No, I mean shifting heavily toward boring old fixed-income investments like treasuries and CDs of different maturities. Right now a safe 5% return doesn't seem that appealing when inflation has been running at 7-9%. But if there's deflation, suddenly that becomes a fantastic return.

 

https://www.wsj.com/articles/black-swan-debt-ceiling-mark-spitznagel-nassim-nicholas-taleb-18bb38f1?mod=hp_featst_pos4

 

And ... uh oh. Nassim Taleb and friends are ready for the next market collapse. Ready to make billions of it, that is.

 

My prediction: commercial real estate is a bubble ready (actually, overdue) to burst, and it will carry other sectors down with it.

[Tiberius]

20 minutes ago, The Frankish Reich said:

No, I mean shifting heavily toward boring old fixed-income investments like treasuries and CDs of different maturities. Right now a safe 5% return doesn't seem that appealing when inflation has been running at 7-9%. But if there's deflation, suddenly that becomes a fantastic return.

 

https://www.wsj.com/articles/black-swan-debt-ceiling-mark-spitznagel-nassim-nicholas-taleb-18bb38f1?mod=hp_featst_pos4

 

And ... uh oh. Nassim Taleb and friends are ready for the next market collapse. Ready to make billions of it, that is.

 

My prediction: commercial real estate is a bubble ready (actually, overdue) to burst, and it will carry other sectors down with it.

No interest in jumping on Ai bandwagon? MSFT, Nvidia etc.? 

[The Frankish Reich]

1 minute ago, Tiberius said:

No interest in jumping on Ai bandwagon? MSFT, Nvidia etc.? 

At my age, I'm very conservative with investments .... I do think this AI thing really is a big deal, but it's for me to watch, not participate in.

[B-Man]

 

 

 

Blame Bidenflation: Retailers slashed their sales projections this week

 

Those high prices we pay at the grocery store due to Bidenflation are affecting the bottom line for consumers. Higher grocery prices mean less money available in family budgets for other shopping. Retailers are slashing their sales predictions this week, sounding an alarm that a downturn is here. This affects all consumers, from upper class shoppers at Nordstrom to middle class shoppers at Macy’s to the most budget-minded shoppers at Dollar General stores.

 

https://hotair.com/karen-townsend/2023/06/02/blame-bidenflation-retailers-slashed-their-sales-projections-this-week-n555069

 

 

.

[Orlando Tim]

On 5/20/2023 at 7:04 AM, ALF said:

The price gouging that is widespread now is unbelievable 

Piece gouging by definition can't be "widespread", since it would no longer be gouging. It could be collusion but then you would have to keep all the other people in your business sector from doing what is in their best interest 

[B-Man]

 

One possible reason for the massive divergence: the birth death model “added” 231K jobs in March. These are not actual jobs, but merely an assumption by the BLS as to how many new businesses were created and hired workers based on statistical assumptions. Again, these are not actual jobs. [Emphasis added]

 

The less volatile (and manipulated) participation rate came in as expected at 62.6%, unchanged from last month.

 

And another paradox: despite the blowout payrolls number, in May both full-time and part-time workers dropped, by 220K and 23K, respectively.

 

 

Never believe the headline numbers.

 

 

Plus this warning from CNBC:

 

[B-Man]

 

 

 

[Doc]

I thought everyone knew this?  They've been doing this for years. 

[B-Man]

REMINDER:

 

Remember a couple years ago when Treasury Secretary Janet Yellen and others in the Biden White House assured us that inflation would be “transitory”?

 

Ah, those were the days, and the evolution of the spin was amazing:

 

 

[Doc]

35 minutes ago, B-Man said:

REMINDER:

 

Remember a couple years ago when Treasury Secretary Janet Yellen and others in the Biden White House assured us that inflation would be “transitory”?

 

Ah, those were the days, and the evolution of the spin was amazing:

 

 

 

Yeah but supporting genital mutilation of minors and abortion until right after birth...