JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 43 minutes ago, Joe Ferguson forever said: It's what happens when interest rates rise to battle inflation. What would you have done differently? It’s going exactly as planned. Brandonomics! 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 26 minutes ago, JDHillFan said: It’s going exactly as planned. Brandonomics! What would you have done differently? Edited September 5, 2023 by Joe Ferguson forever 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 (edited) “We went into a recession after two back to back quarters of -1.5 over a year ago. When this happened, the establishment changed the parameters that define recession. We’ve remained at a net loss with job creation and ‘Bidenomics.’ This isn’t recovery and everyone knows it.” https://twitter.com/TRHLofficial/status/1698799361474310331 Everyone does know. But as the wise man once said of the very first country to go full-bore leftist and stay that way, “We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying.” ― Aleksandr Solzhenitsyn . Edited September 5, 2023 by B-Man 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 (edited) 20 minutes ago, Joe Ferguson forever said: What would you have done differently? Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. Edited September 5, 2023 by JDHillFan Spelling 1 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 14 minutes ago, JDHillFan said: Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 16 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. 2 Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 18 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Absolute nonsense, I have no argument with mortgage rates going up as a derivative of the Fed needing to put a damper on inflation. Not Biden's fault. Inflation brought about by years of Fed expanding its balance sheet and over the top fiscal stimulus by Congress, some needed to battle covid effects, but some for purely political goals. But...To say that the economy was a mess under Trump is ridiculous. Things were just fine until covid. I don't blame either of them for responding to it. The last stimulus was unnecessary. Either way, Biden in no imaginable way "improved it significantly." 1 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 5 minutes ago, SoCal Deek said: Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. He stayed out of the Feds way, unlike his predecessor Just now, sherpa said: Things were just fine until covid. exactly...then they went to shite Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 What? The Fed is an independent body. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 (edited) No way did things like massive stimulus bills named "anti inflation and infrastructure" push liquidity into a market already showing inflation that was already high and rising Edited September 5, 2023 by Chris farley Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted September 5, 2023 Share Posted September 5, 2023 2 minutes ago, Joe Ferguson forever said: He stayed out of the Feds way, unlike his predecessor exactly...then they went to shite What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Biden taking America in for a nice soft landing! Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 1 minute ago, AlBUNDY4TDS said: What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him. It's nuts. They either never left the house or are just lying Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 I still want to hear an explanation of how trump "got into the Fed's way." 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 Just now, Tiberius said: (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Lmao. Been there for over a year and they say maybe later. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 5, 2023 Share Posted September 5, 2023 (edited) 12 minutes ago, Tiberius said: (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Biden taking America in for a nice soft landing! Goldman is known to be a very accurate contrary indicator. Edited September 5, 2023 by All_Pro_Bills Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 45 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Ok. Despite you spitting up on yourself fairly regularly and your shrewish “personality”, I am going to believe you and ask you to help me understand this: Majorities of registered voters said they disapproved of how Biden has handled the economy (59%), inflation (63%) and growth of the middle class (58%), according to the poll. https://www.cnbc.com/2023/09/04/biden-2024-election-poll-trump-economy-old-age-concerns-inflation.html Is it simply the messaging that’s the problem? Shouldn’t a larger percentage of registered voters have benefited in a tangible way from the significantly improved economy? Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 29 minutes ago, All_Pro_Bills said: Goldman is known to be a very accurate contrary indicator. Known by idiots, ya Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 REMINDER: . 2 Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 9 minutes ago, B-Man said: REMINDER: . This is what a “significantly improved economy” looks like. What’s so hard to understand about that? 1 Link to comment Share on other sites More sharing options...
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