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re: Biden’s worst-case economic scenario is unfolding
Posted on 5/1/24 at 1:06 pm to Bunk Moreland
Posted on 5/1/24 at 1:06 pm to Bunk Moreland
quote:
I've thought about that. SFP has made the point that the left may be realizing they should have let Trump take it last time and just get it over with. They could crash things on his watch and absolutely destroy the Rs for good.
I'd love to know more about how Javier Milei has been able to seemingly accomplish what he did in Argentina in such a short amount of time. Is it legit? Seems like even the mainstream press is giving him some credit.
1
Posted on 5/1/24 at 1:13 pm to SirWinston
quote:
I'd love to know more about how Javier Milei has been able to seemingly accomplish what he did in Argentina in such a short amount of time
Hopefully it's by fiat.
Posted on 5/1/24 at 1:22 pm to teke184
POTUS Trump might have to "Ross Perot" America with a "POTUS Trump State of the Union" message with charts and personal stories from everyday Americans about 3 days before the election.
Joey and his gang, including Barry and Big Mike, are done. It is over after November 6, 2024 for them.
Joey and his gang, including Barry and Big Mike, are done. It is over after November 6, 2024 for them.
Posted on 5/1/24 at 2:43 pm to Timeoday
15:08
Neil Dutta at Renaissance Macro says JayPow characterization of the current policy stance as "restrictive" suggests Powell believes that policy is restrictive. If policy is restrictive, they are more concerned about downside growth risks than upside inflation risks.”
Thus Powell is sticking to the narrative that the inflation surprises this year are just bumps in the road, rather than taking the Fed to a different route. It delays the rate cuts, but rate cuts eventually will come.
sooo... BUY BUY BUY BUY !!!! say the algos
Neil Dutta at Renaissance Macro says JayPow characterization of the current policy stance as "restrictive" suggests Powell believes that policy is restrictive. If policy is restrictive, they are more concerned about downside growth risks than upside inflation risks.”
Thus Powell is sticking to the narrative that the inflation surprises this year are just bumps in the road, rather than taking the Fed to a different route. It delays the rate cuts, but rate cuts eventually will come.
sooo... BUY BUY BUY BUY !!!! say the algos
Posted on 5/1/24 at 2:50 pm to Jbird
People who think the fed chair is in the bag for Biden need to pay attention
This guy could very well kill Biden’s re election hopes
This guy could very well kill Biden’s re election hopes
Posted on 5/1/24 at 4:10 pm to SlidellCajun
quote:
People who think the fed chair is in the bag for Biden need to pay attention
This guy could very well kill Biden’s re election hopes
The problem is, there are no tricks left in the bag. They lowered the rates to near 0, then did quantitative easing and threw more trillions in the money supply, and then threw on top of it covid and build back better trillions, Ukraine spending, loan forgiveness.
By the time the feds acknowledged they had a five alarm fire with inflation and started ramping the rates, it will take years to get the sloshing of money to simmer down.
They attempt to lower rates now and inflation will spike even higher.
Now when things finally simmer down, jobs will be down particularly given the 11 million illegals (though they will be counted as added jobs since they were given SS cards), prices will stabilize but at a level that is almost 30% higher than under Trump. And no one will buy anything, hence stagflation.
Posted on 5/1/24 at 4:13 pm to Violent Hip Swivel
quote:
suckers for thinking there's such thing as a political savior
yeah - but we know there are civilization destroyers - and the Biden regime can take its place alongside those of Hitler, Mao, Stalin, et al.
Posted on 5/1/24 at 4:32 pm to ChineseBandit58
quote:
The problem is, there are no tricks left in the bag. They lowered the rates to near 0, then did quantitative easing and threw more trillions in the money supply, and then threw on top of it covid and build back better trillions, Ukraine spending, loan forgiveness.
By the time the feds acknowledged they had a five alarm fire with inflation and started ramping the rates, it will take years to get the sloshing of money to simmer down.
They attempt to lower rates now and inflation will spike even higher.
Now when things finally simmer down, jobs will be down particularly given the 11 million illegals (though they will be counted as added jobs since they were given SS cards), prices will stabilize but at a level that is almost 30% higher than under Trump. And no one will buy anything, hence stagflation.
Just wait until the seize the frozen Russian assets to give to Ukraine.
The threat alone is most likely enough to spook remaining international trust except for those in the club (NATO).
Posted on 5/1/24 at 5:19 pm to trinidadtiger
quote:
particularly given the 11 million illegals (though they will be counted as added jobs since they were given SS cards),
Hadn’t heart this. Do you have a source to back it up?
Posted on 5/1/24 at 5:59 pm to TDTOM
quote:
It is a magic wand
Is that the one Obama couldn't find?
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