The Frankish Reich Posted December 22, 2023 Share Posted December 22, 2023 2 hours ago, Tiberius said: https://www.wsj.com/economy/what-to-watch-in-fridays-spending-report-inflation-closing-in-on-feds-target-0778037d Inflation retreated further in November, and consumer spending rose, another indication the U.S. economy can avoid a recession while bringing prices under control. The personal consumption expenditures price index fell 0.1% in November from the previous month, the first decline since April 2020. It was up 2.6% on the year. Excluding food and energy prices, the index was up 0.1% on the month, same as in October. On the year, core inflation was up 3.2% in November, down from 3.4%. The Federal Reserve targets 2% annual inflation using the PCE price index. On a six-month annualized basis, core inflation eased to 1.9%, suggesting the Fed is well on its way to reaching the target. Consumer spending, meanwhile, was up 0.2% on the month in November, down from 0.1% in October. Overall personal income was up 0.4%, down from 0.3% in October, a sign of confidence in the economy on the part of American households. Really good economic news. Has the Fed engineered that soft landing? The markets say "I think it has." 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted December 22, 2023 Share Posted December 22, 2023 Welp. if the markets are good, all is well. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted December 22, 2023 Share Posted December 22, 2023 10 minutes ago, Tommy Callahan said: Welp. if the markets are good, all is well. Wisdom of the crowd. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted December 22, 2023 Share Posted December 22, 2023 3 minutes ago, The Frankish Reich said: Wisdom of the crowd. W if you're in the super 7 or invested in them. your right. Just like the Lego movie. Everything is awesome. we should all sing it. https://youtu.be/StTqXEQ2l-Y?si=VkIWCpTyFZJu4kDN 2 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted December 22, 2023 Share Posted December 22, 2023 1 Link to comment Share on other sites More sharing options...
US Egg Posted December 22, 2023 Share Posted December 22, 2023 6 minutes ago, Tommy Callahan said: Everything is awesome. Guess this is deemed as awesome and reflective of the economic uptick so many are raving about: https://www.bankrate.com/banking/savings/emergency-savings-report/ 1 Link to comment Share on other sites More sharing options...
BillStime Posted December 29, 2023 Author Share Posted December 29, 2023 🎯 1 Link to comment Share on other sites More sharing options...
Irv Posted December 29, 2023 Share Posted December 29, 2023 Biden and his buddies ***** the pooch on the economy. What a mess. 1 1 Link to comment Share on other sites More sharing options...
BillStime Posted December 29, 2023 Author Share Posted December 29, 2023 🎯 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted December 29, 2023 Share Posted December 29, 2023 36 minutes ago, BillStime said: 🎯 Amazing returns. Spend 1.6B of our tax dollars to the fortune 500 so they can put in 800G then profit till the contract expires. 1 Link to comment Share on other sites More sharing options...
BillStime Posted December 29, 2023 Author Share Posted December 29, 2023 6 minutes ago, Tommy Callahan said: 1.6B Pretty specific number - source? 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted December 29, 2023 Share Posted December 29, 2023 3B in one stimmy. https://www.eda.gov/funding/programs/American-rescue-plan One year ago, President Biden signed into law the CHIPS and Science Act (CHIPS), which makes a nearly $53 billion investment in U.S. semiconductor manufacturing, research and development, and workforce. The law also creates a 25 percent tax credit for capital investments in semiconductor manufacturing $500 million The Tech Hubs program was enacted as part of the CHIPS and Science Act of 2022 (as the Regional Technology and Innovation Hubs program), and Congress appropriated EDA $500 million for it as part of the FY 2023 Omnibus Appropriations Bill. From our pockets to investors' portfolios 1 Link to comment Share on other sites More sharing options...
BillStime Posted January 4 Author Share Posted January 4 1 1 Link to comment Share on other sites More sharing options...
John from Riverside Posted January 5 Share Posted January 5 On 12/28/2023 at 4:54 PM, Irv said: Biden and his buddies ***** the pooch on the economy. What a mess. It’s like you wake up, spout, something without reading, anything and then go back to sleep irv 1 Link to comment Share on other sites More sharing options...
BillStime Posted January 5 Author Share Posted January 5 🎯 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 5 Share Posted January 5 1 1 Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 "job growth" aka there was a pandemic and then there wasn't 2 Link to comment Share on other sites More sharing options...
BillStime Posted January 5 Author Share Posted January 5 🎯 1 2 Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 22 minutes ago, BillStime said: 🎯 Nice! Soft landing 17 minutes ago, KDIGGZ said: "job growth" aka there was a pandemic and then there wasn't And anyone that wants a job can get one 1 2 Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 2 minutes ago, Tiberius said: And anyone that wants a job can get one And unfortunately most lefties don't Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 1 minute ago, KDIGGZ said: And unfortunately most lefties don't No, not true. It may seem that way because we are busy winning elections, but we can do both 2 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted January 5 Share Posted January 5 December added 216K jobs but as always the monthly jobs report is subject to interpretation while being full of inconsistencies. Government added 52K jobs. The healthcare sector was strong. Retail added jobs. But the drop in the labor force participation rate implies about 1 million workers left their jobs in December. So where did they go? How can the net result be adding 216K jobs when you subtract out a million workers? How does the jobs model account for this loss? Transportation and warehousing lost 22K and additions in construction and manufacturing were small. The mix of full time additions vs. part time additions is not yet available. Wage growth was strong but how was it distributed? Some point to union contract agreements for auto workers and teamsters accounting for most of it. Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 1 minute ago, All_Pro_Bills said: But the drop in the labor force participation rate implies about 1 million workers left their jobs in December. So where did they go? Aging population. That's why immigration is so important Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 4 minutes ago, Tiberius said: No, not true. It may seem that way because we are busy stealing elections, but we can do both Fixed it for you! Link to comment Share on other sites More sharing options...
BillStime Posted January 5 Author Share Posted January 5 🎯 Construction employment keeps growing = Infrastructure and CHIPS act Thanks Biden! Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 1 minute ago, KDIGGZ said: Fixed it for you! Oh, you believe in the Big Lie, isn't that special 1 Link to comment Share on other sites More sharing options...
US Egg Posted January 5 Share Posted January 5 “The construction industry alone is facing a deficit of more than 500,000 workers in the U.S. That’s in part because we’re losing thousands of boomers from the skilled trades to retirement, and there aren’t enough people from the younger generations interested in taking over those jobs.“ Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 https://www.axios.com/2024/01/05/gasoline-prices-3-dollars U.S. gas prices have returned to the big round figure of around $3 a gallon. Why it matters: Falling gasoline prices are typically a tonic for sour consumer sentiment. The intrigue: It's a cornerstone finding of behavioral economics that changes in big round numbers for prices — also known as the "left-digit effect" — have a disproportionate impact on activity, suggesting they're more apt to catch peoples' attention and stick in their memories. State of play: Average prices dipped below $3 last month, and are now hovering just a hair above it. Before that, prices hadn't been below the milestone in more than two years, save for a couple of weeks around this time last year. The bottom line: If gas prices manage to hop the line into the high $2-per-gallon zone and stay there, it could soften the recession-level grumpiness that consumers report feeling despite the strong economy and low unemployment. Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 35 minutes ago, Tiberius said: Oh, you believe in the Big Lie, isn't that special Nah, nothing weird at all about truck loads full of mail in ballots and not checking ID's. I feel totally secure with computer generated results from the Pelosi invested company. Nothing to see here! Link to comment Share on other sites More sharing options...
Tiberius Posted January 5 Share Posted January 5 1 minute ago, KDIGGZ said: Nah, nothing weird at all about truck loads full of mail in ballots and not checking ID's. I feel totally secure with computer generated results from the Pelosi invested company. Nothing to see here! Ok, so you watch right wing tv Link to comment Share on other sites More sharing options...
John from Riverside Posted January 5 Share Posted January 5 44 minutes ago, KDIGGZ said: Fixed it for you! Literally, too much proof to the contrary at this point 1 minute ago, Tiberius said: Ok, so you watch right wing tv Are you kidding after reading that I think Newsmax must be on in his house 24 seven 1 Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 3 minutes ago, Tiberius said: Ok, so you watch right wing tv Nope I wouldn't feel ok with Trumpers doing that stuff either! We never lost more freedoms than when Bush and Chaney were starting fake wars...that is until the plandemic! Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 You guys are anti Trump, so imagine a world where all corporations, media, celebrities were telling you to vote for Trump and if you vote for Biden you are a nut job racist and you will be cancelled. I will never be for any side that yields that much power and influence. Stop being brainwashed. This isn't right vs left anymore. This is about total global power for the elites and they think the rest of us should be grateful to have their scraps! Link to comment Share on other sites More sharing options...
John from Riverside Posted January 5 Share Posted January 5 1 hour ago, KDIGGZ said: And unfortunately most lefties don't Would this be a bad time to point out where most of the welfare goes per capita hint it’s not in the blue states Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 5 Share Posted January 5 Link to comment Share on other sites More sharing options...
KDIGGZ Posted January 5 Share Posted January 5 15 minutes ago, John from Riverside said: Would this be a bad time to point out where most of the welfare goes per capita hint it’s not in the blue states Maybe blue states but which cities in those states? I'm sure we all know which way they lean. Sounds like cherry picking stats. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 5 Share Posted January 5 (edited) 3 minutes ago, KDIGGZ said: Maybe blue states but which cities in those states? I'm sure we all know which way they lean. Sounds like cherry picking stats. They should do it by house district/county. Not state. Like so many other topics. They desperately want to stay focused on the macro level vs micro to identify the patterns and data sets. It's kind of funny how they hyperventilate over outliers and ignore the trends and majority. It's like they are on another planet If johns in Riverside, there are war zones within driving range of him. Edited January 5 by Tommy Callahan Link to comment Share on other sites More sharing options...
John from Riverside Posted January 6 Share Posted January 6 10 hours ago, KDIGGZ said: "job growth" aka there was a pandemic and then there wasn't Jobs are up, even if you factor in pre pandemic levels Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 6 Share Posted January 6 Link to comment Share on other sites More sharing options...
BillsFanNC Posted January 7 Share Posted January 7 1 Link to comment Share on other sites More sharing options...
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