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2
Posted on 12/25/23 at 8:22 am to loogaroo
Made a lot in the market last yr, income is doing well, richest Ive ever been.
Posted on 12/25/23 at 8:23 am to loogaroo
quote:
Unless Orange Man wins and nixes some regulations.
Donny grew government, he didnt shrink it.
MAGA populism is activist government, its not liberty.
Posted on 12/25/23 at 8:47 am to SDVTiger
quote:
No blame on the current admin whatsoever
Biden hasnt helped at all, but Trump outspent him.
Posted on 12/25/23 at 8:51 am to loogaroo
The press lies and says whatever nancy and hillary tells them to say.
Posted on 12/25/23 at 9:17 am to loogaroo
quote:
Will people buy it?
Don't matter, as the printing press that keeps the economy "great" will run out of 'ink' (credibility) soon. So predictable, including the coming pain.
Lie-based culture and politics. In the ditch they go, dragging all with them.
Posted on 12/25/23 at 12:38 pm to SDVTiger
I hate that you’re making me defend Roger but I don’t recall him saying that there was no blame on the current administration. Trump most certainly kicked off this inflationary cycle by pumping out ridiculous amounts of Covid bucks and the current dumbass made things worse by shoveling fuel on the fire as fast as possible. Partisan idiots only want to blame the party/administration that they find distasteful but they are both to blame.
Posted on 12/28/23 at 9:05 am to crewdepoo
quote:quote:
The inverted yield curve disagrees. Strongly. (and it has a perfect record in predicting recessions) This landing will be about as soft as inflation was transitory.
ok. You must be an expert.
Not even a week from your misplaced snark... LINK
quote:
Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies, according to a new poll.
That's the latest information from a Resume Builder survey, based on responses from more than 900 companies this month. Resume Builder is a professional platform that allows users to create resumes in just a few steps.
In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. More than half of companies also said they plan to implement a hiring freeze in 2024.
When asked why the companies were engaging in the layoffs, half said the anticipation of a recession was a reason. Meanwhile, a little less, four in 10 said they are going to lay off employees and replace workers with artificial intelligence (AI).
As I stated before: I'm not an expert, it's just that I'm not a simp for party propaganda bullshite. You could learn a lesson from this, but likely won't.
Posted on 12/28/23 at 9:43 am to ronricks
quote:
High fast food prices has nothing to do with how the economy is performing.
We have high fast food prices because of the Trump administration paying people to sit on their arse at home and not work which killed labor and supply chain. When you pay workers not to work bad things happen and for the fatties on here their precious fast food meals are now more expensive as a result.
Jesus you are one dumb SOB. Input prices are higher because of Dem policies (look at min wage in Cali for example). I mean it is simple economics. Did you not make it through Jr. High?
Posted on 12/28/23 at 11:45 am to Powerman
quote:
If you want everything to be cheap you'll need a recession for that
Or just raise taxes and have the producers foot the bill. Thats how we achieve cheaper options for the poor.
Posted on 12/28/23 at 11:47 am to ronricks
quote:
This all started when Donald Trump thought it was a good idea to pay people to sit at home and not work which killed labor and supply chains. That is how fast food skyrocketed in price. Trump also foolishly injected over 2 Trillion dollars of socialist stimulus money into the economy. It’s a recipe for disaster. You don’t remember how giddy he was about sending out checks with his signature on them? When you pay people not to work bad things happen. The fast food thing is easily solved - stop eating it. Quit being a fat obese low T diabetic slob.
No, it's the rise in cost of labor and fuel.
Posted on 12/28/23 at 11:49 am to RogerTheShrubber
quote:
Biden hasnt helped at all, but Trump outspent him.
quote:
I will leave the Biden reelection announcement to the Twittersphere to discuss. Instead, focusing on one of the most important issues Biden never mentioned in his Tuesday announcement video: the economy, specifically the country’s staggering debt, a looming catastrophe waiting to happen. As the debate over the debt ceiling and fiscal discipline rages on, here are five key economic factors to keep in mind in the coming weeks.
quote:
Biden has normalized the COVID-19 2020 emergency budget
quote:
n 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point.
Overwhelmingly supported btw. You voted for it.
Biden was slated to spend the most out of every single candidate. Even Sanders and Warren.
quote:
Instead, he saw that supersized budget in 2020 not as a crisis, but an opportunity that could be exploited going forward to pay for what amounted to a historic spending spree that kicked off with the $1.9 trillion American Rescue Plan and drove what became the worst inflation in 40 years. During Biden’s first two years in office, he oversaw spending that was 40 percent higher than the pre-COVID 2019 budget.
quote:
According to the CBO, Biden is going to match Trump’s addition to the national debt in just three years, reaching a total of $7.1 trillion over his four years. That would be $1.5 trillion more than Trump contributed during his term, which included the 2020 one-time COVID emergency spending.
Ill be awaiting your retraction roger.
quote:I knew this before the election.
. If Biden’s 2024 proposed budget actually passed, he would add as much to the national debt as Trump and Bush 43 combined
This post was edited on 12/28/23 at 11:53 am
Posted on 12/28/23 at 12:07 pm to Rebel
quote:At the Cane's on Lee Dr. just west of Highland Road in Baton Rouge, the three-finger combo meal which includes 3 chicken tenders, fries, Texas toast and a drink, the price is $9.46 + tax.
In your opinion what part of today's U.S. economy is bad?
The part where a 3 tender box from Canes is 27 dollars, 37 if you get a drink.
When you have to exaggerate to the extent you did in your post, it reveals you know you can't prove your point.
This post was edited on 12/28/23 at 12:43 pm
Posted on 12/28/23 at 12:29 pm to Rebel
quote:Unemployment is under 4%, labor participation rate is higher than it has been since pre-covid, wage growth has outpaced inflation every month since March of this year, the number of Americans employed (non-farm jobs) set a record high number last month, over 157,000,000. When COVID began in 2020 that number was around 150,000,000 before falling to 130,000,000 in April, 2020.
Other than the Dow, what part of the economy is doing well?
The median household net worth of Americans in 2023 is $192,084 which is up from $121,111 in 2020. The average household net worth in 2023 is $1,059,470 which is up from $746,821 in 2020.
Posted on 12/28/23 at 12:44 pm to LSURussian
quote:
The median household net worth of Americans in 2023 is $192,084 which is up from $121,111 in 2020. The average household net worth in 2023 is $1,059,470 which is up from $746,821 in 2020.
You do realize that inflation caused the net worth to increase. For those that own property there values increased. For those trying to buy property good luck. The economy is in the crapper. Also, this is a false economy, it will reset and all of those that have purchased houses/property will be upside down on them.
This post was edited on 12/28/23 at 12:46 pm
Posted on 12/28/23 at 12:52 pm to Warboo
quote:By definition NET worth also takes into account household liabilities. Inflation affects both assets and liabilities.
You do realize that inflation caused the net worth to increase.
When households borrow more to pay household expenses their liabilities increase without a corresponding increase in asset valuations.
Therefore, net worth is a valid measure of the increase or decrease in household wealth irrespective of inflation.
quote:No, it's not.
The economy is in the crapper.
It may go into the "crapper" in 2024 when the full effect of higher interest rates start taking hold, but the U.S. economy today is doing just fine.
Posted on 12/28/23 at 12:53 pm to nola tiger lsu
quote:
Made a lot in the market last yr, income is doing well, richest Ive ever been.
Me too, and yet with everything costing so damn much, I don't feel any ways richer.
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