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Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.
Posted on 7/23/23 at 11:13 am
Posted on 7/23/23 at 11:13 am
LINK
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.
quote:
President Joe Biden’s Infrastructure Investment and Jobs Act has seeped into the domestic economy, “driving a boom in large-scale infrastructure,” wrote Ellen Zentner, chief U.S. economist for Morgan Stanley, in a research note out late this week. Plus, she wrote, “manufacturing construction has shown broad strength.”
As a result Morgan Stanley now projects 1.9% economic expansion in the first half of this year. That’s nearly four times the bank’s previous 0.5% forecast for growth in gross domestic product in the first half of 2023.
As a result of these economic lifts, the Morgan Stanley MS, +0.22% analysts more than doubled their original estimate for GDP growth in the fourth quarter, to 1.3% from 0.6%. And they nudged up their forecast for GDP in 2024 by a tenth of a percentage point, to 1.4%.
“The narrative behind the numbers tells the story of industrial strength in the U.S,” Zentner wrote.
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.
40
Posted on 7/23/23 at 11:15 am to CAPEX
quote:
‘Bidenomics’
Simpletons would agree
Posted on 7/23/23 at 11:16 am to CAPEX
How dare you say something positive about how well the country is doing under Biden..
Get ready to be called names .. lol
Get ready to be called names .. lol
Posted on 7/23/23 at 11:18 am to cmayes56
quote:
How dare you say something positive about how well the country is doing under Biden..
Get ready to be called names .. lol
You can only keep up the lies and the irresponsible money pumping for so long before everything collapses. We will see if it happens before or after the 2024 election, but it is going to happen.
Posted on 7/23/23 at 11:19 am to cmayes56
quote:
How dare you say something positive about how well the country is doing under Biden..
Which part?
Posted on 7/23/23 at 11:19 am to GhostOfFreedom
They are gaslighting the American people - go to the grocery store or restaurant and tell me how great the economy is doing.
Posted on 7/23/23 at 11:19 am to CAPEX
I was reading about this this morning while I took a scroll down Reddit.
It was weird seeing all the leftist who supposedly hate big banks cheer this shite on just bc it was giving credit to Biden.
Not only that, they were cheering him on for the next 4 years.
I may not hold the same positions as a lot on this board. I disagree with a lot of things. I'm not one to hate on a president just because they may share some different views. I would like all presidents to be successful bc that would benefit the country.
That said, it's scary that these people want this dude in office for another 4 years. Seriously, wtf are we doing as a country here? The guy has onset dementia and they really think he can last another 4 years.
Perhaps more mind boggling is the people who admit that he's a lost cause, but want him in bc he's a Democrat and their defense is, "you just have to hope people around him are doing their jobs like they were hired to do."
It was weird seeing all the leftist who supposedly hate big banks cheer this shite on just bc it was giving credit to Biden.
Not only that, they were cheering him on for the next 4 years.
I may not hold the same positions as a lot on this board. I disagree with a lot of things. I'm not one to hate on a president just because they may share some different views. I would like all presidents to be successful bc that would benefit the country.
That said, it's scary that these people want this dude in office for another 4 years. Seriously, wtf are we doing as a country here? The guy has onset dementia and they really think he can last another 4 years.
Perhaps more mind boggling is the people who admit that he's a lost cause, but want him in bc he's a Democrat and their defense is, "you just have to hope people around him are doing their jobs like they were hired to do."
This post was edited on 7/23/23 at 11:21 am
Posted on 7/23/23 at 11:22 am to cmayes56
quote:
How dare you say something positive about how well the country is doing under Biden..
Get ready to be called names .. lol
How does helping out big banks profit make y'all's communist dream come true?
It seems to directly contradict it, IMO.
Posted on 7/23/23 at 11:22 am to saint tiger225
quote:
It was weird seeing all the leftist who supposedly hate big banks cheer this shite on just bc it was giving credit to Biden.
Exactly. Biden is the best thing to ever happen to BigCorp, and a nightmare for mom n pop.
Covid started the ball rolling, but the current economic system leans technocrat.
This post was edited on 7/23/23 at 11:24 am
Posted on 7/23/23 at 11:23 am to saint tiger225
I see you can’t read.. lol
Posted on 7/23/23 at 11:25 am to saint tiger225
1. I work at an investment firm. I'm not a communist in the slightest which is why I mentioned my firm is pretty pleased with Biden.
2. This isn't banks doing well but the country doing well as a whole.
2. This isn't banks doing well but the country doing well as a whole.
This post was edited on 7/23/23 at 11:26 am
Posted on 7/23/23 at 11:25 am to saint tiger225
Grocery bill up 70%+
Real wages down 24 straight months
Credit card debt exploding, defaults up 20%
Inflation up 14% over two years and still highest month to month increase since 2011
Auto loan defaults up 20%
Only cash buyers and hedge funds can afford a home
All insurance home, auto and medical up 60%
But the stock market!!
Real wages down 24 straight months
Credit card debt exploding, defaults up 20%
Inflation up 14% over two years and still highest month to month increase since 2011
Auto loan defaults up 20%
Only cash buyers and hedge funds can afford a home
All insurance home, auto and medical up 60%
But the stock market!!
Posted on 7/23/23 at 11:25 am to NashvilleTider
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 sucks.
Posted on 7/23/23 at 11:26 am to NashvilleTider
Help me help me, I can't stand anymore prosperity.!!!
Posted on 7/23/23 at 11:26 am to cmayes56
Damn, I've been on this site since 2011 and y'all wait until now to tell me I can't read?
Wtf have I been doing this whole time?
Wtf have I been doing this whole time?
Posted on 7/23/23 at 11:26 am to CAPEX
quote:
but the country doing well as a whole.
I'm listening.
Posted on 7/23/23 at 11:28 am to saint tiger225
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.. if you can’t admit that it’s because you simply refuse to acknowledge the country is doing really well economically.
13 million new jobs
CHIP
Lowest inflation of all G7 countries
Infrastructure Investment
GDP at 2% growth
These are all good things.. if you can’t admit that it’s because you simply refuse to acknowledge the country is doing really well economically.
Posted on 7/23/23 at 11:29 am to CAPEX
The markets have been doing well, recently. I wouldn't say the average person in this country has been.
Posted on 7/23/23 at 11:29 am to saint tiger225
The income gap increases at a wider rate. Expected from the party of the rich. Not shocking they spike the football for banks and hedge funds.
Data shows that 65 percent of taxpayers with a household income of $500,000 or more were in Democratic districts, while 74 percent of taxpayers with a household income of $100,000 or less were in Republican districts.
LINK /
Data shows that 65 percent of taxpayers with a household income of $500,000 or more were in Democratic districts, while 74 percent of taxpayers with a household income of $100,000 or less were in Republican districts.
LINK /
This post was edited on 7/23/23 at 11:30 am
Posted on 7/23/23 at 11:31 am to BuzzdLightBeer
quote:
Grocery bill up 70%+ Real wages down 24 straight months Credit card debt exploding, defaults up 20% Inflation up 14% over two years and still highest month to month increase since 2011 Auto loan defaults up 20% Only cash buyers and hedge funds can afford a home All insurance home, auto and medical up 60% But the stock market!!
This
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