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re: Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.

Posted on 7/24/23 at 3:07 pm to
Posted by Born2rock
Member since Oct 2022
947 posts
Posted on 7/24/23 at 3:07 pm to
"I actually posted the actual numbers." You are just pissing in the wind with these folks.

As Simon/Garfunkel wrote in The Boxer:

...a man hears what he wants to hear
And disregards the rest...
Posted by Rip Torner
Member since Jul 2023
657 posts
Posted on 7/24/23 at 4:09 pm to
I have never claimed Trump was an economic genius but I can assure the geriatric has no clue what is going on or where he is. Based off of your defense of him, I can tell that you have no clue either. Just because you are making slightly more money doesn’t mean you have more disposable income. I would think that someone who is in the financial sector would know that.
Posted by BBONDS25
Member since Mar 2008
48915 posts
Posted on 7/24/23 at 4:23 pm to
quote:

If the country had 8% growth, which you claim is normal.. the economy would melt down faster than reactor #4 at Chernobyl… dumbass


Take a look at the average for the S&P over the last 40 years. I understand it’s different than government, but your Dumbass is gloating over two percent. That’s pathetic and you’re a moron.
This post was edited on 7/24/23 at 4:26 pm
Posted by HubbaBubba
F_uck Joe Biden, TX
Member since Oct 2010
45925 posts
Posted on 7/24/23 at 4:43 pm to
quote:

Hardly booming and most investors remain extremely nervous about Biden and his handlers' Ukraine war policies leading to direct engagement by US troops, and continued fear of a banking failure.

....and yet, most are still investing in the stock market...

That's why I called them "investors", Captain Obvious.
Posted by cmayes56
Alabama
Member since Oct 2015
2852 posts
Posted on 7/24/23 at 4:59 pm to
Don’t divert.. your dumbass said 8% is normal..

Posted by cmayes56
Alabama
Member since Oct 2015
2852 posts
Posted on 7/24/23 at 5:03 pm to
Another great rebuttal.. your opinion isn’t valid evidence of the current economic situation in this country.

And btw.. that geriatric guy that doesn’t know what is going on.. kicked Trumps arse from his basement and he will do it again
Posted by gallagherkck
Member since Nov 2009
3224 posts
Posted on 7/24/23 at 5:05 pm to
quote:

The economy keeps outperforming the experts expectations.. that’s a good thing in my opinion.


Morgan Stanley expected the stock market to hit 3300-3000 early this year. We’re sitting just under 4600 as of market close today. Yet you’re referring to the “experts”.

When you realize the experts don’t know anything but rather exist just to lead retail to slaughter, everything will finally make sense to you.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 7/24/23 at 5:06 pm to
quote:

My grocery bill has gone up dramatically over the last two years and the portions have decreased in the effort by manufacturers to hide the price increases. It suck


But the price of eggs!!!!!!! If you’re not doing well in this economy you’re doing something very wrong.
Posted by the808bass
The Lou
Member since Oct 2012
111776 posts
Posted on 7/24/23 at 5:19 pm to
quote:

If you’re not doing well in this economy you’re doing something very wrong.


Shut the frick up. Dipshit.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 7/24/23 at 5:21 pm to
quote:

Lowest unemployment in 60 years

13 million new jobs

CHIP

Lowest inflation of all G7 countries

Infrastructure Investment

GDP at 2% growth

These are all good things.
According to the usurper Burau of Labor Statistics...

"Philly FED Admits Biden’s Bureau of Labor Statistics Overstated US Job Growth in 2022 by At Least 1.1 Million

The US government overstated job growth in 2022 by at least 1.1 million!



From the Philly Fed.

"Estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June 2022 were significantly different in 33 states and the District of Columbia compared with current state estimates from the Bureau of Labor Statistics’ (BLS) Current Employment Statistics (CES). Early benchmark estimates indicated higher changes in four states, lower changes in 29 states and the District of Columbia, and lesser changes in the remaining 17 states.

Our estimates incorporate more comprehensive, accurate job estimates released by the BLS as part of its Quarterly Census of Employment and Wages (QCEW) program to augment the sample data from the BLS’s CES that are issued monthly on a timely basis. All percentage change calculations are expressed as annualized rates. Read more about our methodology. Learn more about interpreting our early benchmark estimates.

In the aggregate, 10,500 net new jobs were added during the period rather than the 1,121,500 jobs estimated by the sum of the states; the U.S. CES estimated net growth of 1,047,000 jobs for the period."
This post was edited on 7/24/23 at 6:49 pm
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 7/24/23 at 5:30 pm to
quote:

gallagherkck

The "experts" know the occupied government has lied using the now-weaponized Bureau of Labor Statistics - and have been saying so since late 2021.

I have seen MOST discussions of this by "experts" saying the numbers, virtually ALL of them - are fabricated. These people are appalled, as should you be appalled. There is peril in this action.
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 7/24/23 at 5:31 pm to
quote:

cmayes56
you are a fool
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11280 posts
Posted on 7/24/23 at 5:43 pm to
quote:

13 million new jobs




You realize 1/3 of these jobs from the past several years are going to get revised down in the future? They are using the birth-death model to calculate new service jobs based on the increase in unemployment insurance tax accounts. A number that went vertical due to the CARES Act and a tax code change (not new business formation) while bankruptcies are rising and credit standards are tightening to recessionary levels? The jobs numbers are completely absurd.
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 7/24/23 at 5:54 pm to
quote:

An interesting point. There is a realignment taking place. I don't pretend to understand how it will shake out, but the Democrats appear to be becoming the party of monied interests and the Republicans appear to be becoming the party of working people. They are flipping roles, while holding positions that used to make sense -- Dems wanting free medical and Repubs wanting low taxes - for their overall platforms.

Well said. Just a quick search shows me this result from 2011...
quote:

Democrats Seek to Own 'Occupy Wall Street' Movement
Anti-Wall Street protests offer opportunity, pitfalls for Democrats.

Is that the same Democratic party we're seeing today?
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 7/24/23 at 5:59 pm to
quote:

Is that the same Democratic party we're seeing today?

They also used to be PRO-peace

and PRO free speech

The Bolshevik Khazarians currently occupying our government have kicked their azz but thoroughly - they are not even recognizable any more.
This post was edited on 7/24/23 at 6:02 pm
Posted by BBONDS25
Member since Mar 2008
48915 posts
Posted on 7/24/23 at 6:14 pm to
quote:

Don’t divert.. your dumbass said 8% is normal..


I’d hate to see your portfolio. Although you’re a far left wacko, so I’m guessing there isn’t much in it.
Posted by Rip Torner
Member since Jul 2023
657 posts
Posted on 7/24/23 at 6:32 pm to
I know you are hoping he does which is again further proof of your genius. Tell me o great one, what is going to happen to inflation once hundreds of billions of more dollars is pumped into the economy with the new student debt plan? On top of the billions of dollars being shipped to Ukraine, let me guess investors on Wall Street think it is great therefore it must be lol. “Trump would have spent more”, I can just hear it now. You are either young and naive with no life experience or work for the government.
Posted by Born2rock
Member since Oct 2022
947 posts
Posted on 7/24/23 at 6:37 pm to
There’s always some degree of nervousness when you are putting money in the market. When Biden was elected, I don’t believe half of the country stopped investing.
Posted by dgnx6
Baton Rouge
Member since Feb 2006
69226 posts
Posted on 7/24/23 at 6:46 pm to
quote:

Biden has positioned the US in a pretty good place. The US economy is doing very well and the stock market is booming. Anecdotally, my firm is pretty happy with Biden's leadership from what I can tell.


So you will be voting for him again?

And how do big industrial projects not make big companies money?

It’s weird that the left voted for this guy. They literally are the party of big corporations now.

And I wouldn’t call the stock market booming. I have plenty that are down outside of nvidia.

Oh and there is a shite load of counterfeit going around rt now. People are buying shite with fake money, washed bills.



This post was edited on 7/24/23 at 6:52 pm
Posted by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 7/24/23 at 6:51 pm to
quote:

You realize 1/3 of these jobs from the past several years are going to get revised down in the future?
you mean after counting for the millions of jobs that are a complete lie by Bidens now-weaponized BLS?

Fed interest rate decision is tomorrow at 1300 (1pm) Central. a further raise of 0.25 to 5.5% is forecast. We'll see.
This post was edited on 7/24/23 at 6:54 pm
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