This economy is so bad

[Maximum Overkill 1,739]

4 minutes ago, Sean Mooney said:

You still can't read for yourself. . Carry on.

Thank God you're teaching our Kids  

[thegeneral 2,891]

Opens up trading accounts… Wow.

Million+ homes all over the hood sell in days. Anything less scooped up off market half the time.

Everywhere is packed all the focking time.

GDP 3%, growth solid.

Goldman Sachs tells us economy would perform better under Kamala.

Inflation at 2.2% and the Fed has bullets left in the chamber.

Not bad!

 

[Reality 3,092]

17 minutes ago, Sean Mooney said:

You still can't read for yourself. . Carry on.

You could have just said there wasn't a link showing this group correctly predicting the crippling inflation directly caused by the Biden\Harris policies. 

You would have saved yourself some time.

[Sean Mooney 1,937]

22 minutes ago, Reality said:

You could have just said there wasn't a link showing this group correctly predicting the crippling inflation directly caused by the Biden\Harris policies. 

You would have saved yourself some time.

I said they somewhat predicted it but you have to read through some of the studies they did as this most recent study was far more comprehensive and focused all in one spot as opposed to some of their others.

But you don't want to read. I get it. Reading is hard for people with low IQs

[Reality 3,092]

2 minutes ago, Sean Mooney said:

I said they somewhat predicted it but you have to read through some of the studies they did as this most recent study was far more comprehensive and focused all in one spot as opposed to some of their others.

But you don't want to read. I get it. Reading is hard for people with low IQs

A lot of words just to say you can't provide a link. Noted, Thanks.

[purdygood 334]

Still record high stock market? Checks notes. Yes. 

[Hawkeye21 2,380]

The economy is certainly not sucking here.  Every place seems busy almost every day lately.

[purdygood 334]

Just now, Hawkeye21 said:

The economy is certainly not sucking here.  Every place seems busy almost every day lately.

Same here.  Every place is packed. Every place has "help wanted" signs.   The Farmer's Market has thousands of people buying over priced stuff every Sunday. I don't know what BF Egypt places these people who think the economy sucks live?  Maybe they should move. 

[Hawkeye21 2,380]

1 minute ago, purdygood said:

Same here.  Every place is packed. Every place has "help wanted" signs.   The Farmer's Market has thousands of people buying over priced stuff every Sunday. I don't know what BF Egypt places these people who think the economy sucks live?  Maybe they should move. 

I live in a small community and the town is jam packed with people right now.  Soccer tournament and market going on.  Businesses are full customers.

[Hardcore troubadour 14,923]

When did Goldman Sachs make that claim? 

[Sean Mooney 1,937]

46 minutes ago, Reality said:

A lot of words just to say you can't provide a link. Noted, Thanks.

You are lazy and don't want to read. not sure what else to tell you

[Reality 3,092]

54 minutes ago, Sean Mooney said:

You are lazy and don't want to read. not sure what else to tell you

Still no link, noted, thanks.

[TimHauck 2,604]

2 hours ago, Reality said:

You could have just said there wasn't a link showing this group correctly predicting the crippling inflation directly caused by the Biden\Harris policies. 

You would have saved yourself some time.

Do you have a different link that proves the crippling inflation was directly caused by Biden/Harris policies?  They made it worse, but the underlying cause was Covid and the disruption it caused to supply chains.

[Reality 3,092]

2 minutes ago, TimHauck said:

Do you have a different link that proves the crippling inflation was directly caused by Biden/Harris policies?  They made it worse, but the underlying cause was Covid and the disruption it caused to supply chains.

You don't get the point, let me help you.

I want to know that group's track record, Mooney is dodging for an obvious reason.

Maybe you can provide a link of this group correctly predicting the massive inflation increase the most recent time it happened during the current administration's time in office. You say they made it worse, did this group predict their policies would make it worse? Is there a link, if so, can you link it?

Thanks in advance.

[TimHauck 2,604]

13 minutes ago, Reality said:

You don't get the point, let me help you.

I want to know that group's track record, Mooney is dodging for an obvious reason.

Maybe you can provide a link of this group correctly predicting the massive inflation increase the most recent time it happened during the current administration's time in office. You say they made it worse, did this group predict their policies would make it worse? Is there a link, if so, can you link it?

Thanks in advance.

My point is that your previous post was a strawman.  You were asking for evidence of something that isn’t really true.  But thank you for revising your statement here.  I have never heard of this group before today, here is the closest I found:

https://www.piie.com/blogs/realtime-economics/2022/why-us-inflation-surged-2021-and-what-fed-should-do-control-it#_ftn1

I know this isn’t what you were looking for as it was written after inflation had already started surging, and their inflation prediction for the remainder of 2022 was too low (although they did acknowledge there was significant risk of it being higher than their prediction).  But this was their first sentence in explaining the reasoning behind the surge: “First, a series of fiscal support packages enabled consumer spending to exceed its pre-pandemic trend”

 

[Frozenbeernuts 2,114]

This economy is great for me. Anyone who claims it is bad is playing the victim here. There has never been more opportunity to get rich, and people can do it from their house.

If someone believes the economy is bad and that they can't get ahead, that will be their reality. No matter who wins, I will benefit. I just know that I will benefit more and the country will benefit more from a Trump win.

[Reality 3,092]

1 hour ago, TimHauck said:

My point is that your previous post was a strawman.  You were asking for evidence of something that isn’t really true.  But thank you for revising your statement here.  I have never heard of this group before today, here is the closest I found:

https://www.piie.com/blogs/realtime-economics/2022/why-us-inflation-surged-2021-and-what-fed-should-do-control-it#_ftn1

I know this isn’t what you were looking for as it was written after inflation had already started surging, and their inflation prediction for the remainder of 2022 was too low (although they did acknowledge there was significant risk of it being higher than their prediction).  But this was their first sentence in explaining the reasoning behind the surge: “First, a series of fiscal support packages enabled consumer spending to exceed its pre-pandemic trend”

 

So, no but, your response wasn't needed. I already knew the answer.

Anyway, thanks for the response.

[TimHauck 2,604]

1 minute ago, Reality said:

So, no but, your response wasn't needed. I already knew the answer.

Anyway, thanks for the response.

Had you already visited the site?

[TimHauck 2,604]

1 hour ago, Reality said:

You don't get the point, let me help you.

I want to know that group's track record, Mooney is dodging for an obvious reason.

Maybe you can provide a link of this group correctly predicting the massive inflation increase the most recent time it happened during the current administration's time in office. You say they made it worse, did this group predict their policies would make it worse? Is there a link, if so, can you link it?

Thanks in advance.

Actually, I tried a new search, and found something that I believe meets your request.  You’re welcome.

https://www.piie.com/blogs/realtime-economic-issues-watch/inflation-fears-and-biden-stimulus-look-korean-war-not-vietnam
 

WHY INFLATION MAY SURGE FOLLOWING THE COVID-19 RELIEF PACKAGE AND WHAT THE FED CAN DO ABOUT IT

If the COVID-19 vaccines succeed in allowing a near-complete reopening of the US economy in late 2021, spending may surge in 2021–23 at a rate comparable to that of 1950–52. The Biden fiscal package comes on top of a $0.9 trillion package passed in December; the two packages total 13 percent of GDP.[6] In addition, US household savings in 2020 were $1.6 trillion above the previous trend, representing another 7 percent of GDP in pent-up spending power. The bulk of both the 2020 and 2021 fiscal packages is targeted at low- and middle-income households, which tend to save little of their income. The closure of restaurants and entertainment venues in 2020 prevented households from spending a normal share of their income, but this forced saving is not likely to persist after COVID-19 has been suppressed.

The double-digit percent spending surge would hit an economy with excess capacity that is far below 10 percent.
…

Regardless of one’s view on the current output gap, reopening the restaurant, travel, and entertainment sectors should generate a self-sustaining rise in output even in the absence of fiscal stimulus and pent-up saving. The output gap would surely be less than 6 percent. A double-digit percent rise in spending would push the economy above anyone’s estimate of potential by more than has happened in decades.

As a result of these factors, inflation may surge temporarily. But, as long as the spending boom is viewed as a temporary readjustment and the Federal Reserve maintains its commitment to controlling inflation over the longer run, inflation should drop quickly. To demonstrate its anti-inflationary resolve, the Fed would need to raise interest rates quickly and significantly. But the increase need not be commensurate with the increase in inflation, nor need it be high enough to cause a recession. All that is needed is enough of an increase to prevent long-term inflation expectations from rising above the Fed’s inflation target. The best way to do that is to promise dramatically higher interest rates in the future if inflation does not fall back rapidly.  

[TimHauck 2,604]

And another expressing concern about the size of the stimulus:

https://www.piie.com/blogs/realtime-economics/defense-concerns-over-19-trillion-relief-plan

[Reality 3,092]

14 minutes ago, TimHauck said:

Actually, I tried a new search, and found something that I believe meets your request.  You’re welcome.

https://www.piie.com/blogs/realtime-economic-issues-watch/inflation-fears-and-biden-stimulus-look-korean-war-not-vietnam
 

WHY INFLATION MAY SURGE FOLLOWING THE COVID-19 RELIEF PACKAGE AND WHAT THE FED CAN DO ABOUT IT

If the COVID-19 vaccines succeed in allowing a near-complete reopening of the US economy in late 2021, spending may surge in 2021–23 at a rate comparable to that of 1950–52. The Biden fiscal package comes on top of a $0.9 trillion package passed in December; the two packages total 13 percent of GDP.[6] In addition, US household savings in 2020 were $1.6 trillion above the previous trend, representing another 7 percent of GDP in pent-up spending power. The bulk of both the 2020 and 2021 fiscal packages is targeted at low- and middle-income households, which tend to save little of their income. The closure of restaurants and entertainment venues in 2020 prevented households from spending a normal share of their income, but this forced saving is not likely to persist after COVID-19 has been suppressed.

The double-digit percent spending surge would hit an economy with excess capacity that is far below 10 percent.
…

Regardless of one’s view on the current output gap, reopening the restaurant, travel, and entertainment sectors should generate a self-sustaining rise in output even in the absence of fiscal stimulus and pent-up saving. The output gap would surely be less than 6 percent. A double-digit percent rise in spending would push the economy above anyone’s estimate of potential by more than has happened in decades.

As a result of these factors, inflation may surge temporarily. But, as long as the spending boom is viewed as a temporary readjustment and the Federal Reserve maintains its commitment to controlling inflation over the longer run, inflation should drop quickly. To demonstrate its anti-inflationary resolve, the Fed would need to raise interest rates quickly and significantly. But the increase need not be commensurate with the increase in inflation, nor need it be high enough to cause a recession. All that is needed is enough of an increase to prevent long-term inflation expectations from rising above the Fed’s inflation target. The best way to do that is to promise dramatically higher interest rates in the future if inflation does not fall back rapidly.  

Thanks for the response, they were obviously wrong about it being short term and how dramatic it would be but, at least they acknowledged inflation could "possibly" be an issue because of Biden\Harris spending. 

[Maximum Overkill 1,739]

3 hours ago, Frozenbeernuts said:

This economy is great for me. Anyone who claims it is bad is playing the victim here. There has never been more opportunity to get rich, and people can do it from their house.

That's a dumb asss comment. 

You need money to make money. Why don't you ask the people who don't have it. 

[Maximum Overkill 1,739]

6 hours ago, purdygood said:

Same here.  Every place is packed. Every place has "help wanted" signs.   The Farmer's Market has thousands of people buying over priced stuff every Sunday. I don't know what BF Egypt places these people who think the economy sucks live?  Maybe they should move. 

What a Tart 

 

 

[Frozenbeernuts 2,114]

36 minutes ago, Maximum Overkill said:

That's a dumb asss comment. 

You need money to make money. Why don't you ask the people who don't have it. 

I had no money to start my company. 0. And yet I found a way. Whatever you believe to be true is true. Every thought you have and every word you speak crafts and attracts your reality. Victim mentality is the most debilitating thing you can have.

[Hardcore troubadour 14,923]

58 minutes ago, Maximum Overkill said:

What a Tart 

 

 

Rethinking that 78. She’s a complete idiot.  

[edjr 6,578]

you sickos have nothing better to do than try to convince the other side?  definition of insanity 

[Sean Mooney 1,937]

16 hours ago, Reality said:

Thanks for the response, they were obviously wrong about it being short term and how dramatic it would be but, at least they acknowledged inflation could "possibly" be an issue because of Biden\Harris spending. 

Oh you mean someone was able to find a link by using the website that I shared? What a shock!

You have some real smooth brain energy

[Maximum Overkill 1,739]

1 hour ago, Sean Mooney said:

Oh you mean someone was able to find a link by using the website that I shared? What a shock!

You have some real smooth brain energy

KAMALA is such tart  

[purdygood 334]

15 hours ago, Maximum Overkill said:

What a Tart 

 

 

Is that Jessica Alba!? Ay yo!

[edjr 6,578]

 

[Baker Boy 1,687]

On 9/28/2024 at 8:32 AM, Sean Mooney said:

You still can't read for yourself. . Carry on.

Why don’t you just say you don’t have a link?

[Sean Mooney 1,937]

Just now, Baker Boy said:

Why don’t you just say you don’t have a link?

This was put to bed a week ago when people showed the links that Reality refused to look up even after I provided him the website.

Don't dredge up threads to spike the football on Reality. He might break down and not be able to scroll Twitter to find his online personality. 

[Horseman 2,353]

On 9/28/2024 at 9:38 AM, Hawkeye21 said:

The economy is certainly not sucking here.  Every place seems busy almost every day lately.

 

On 9/28/2024 at 9:42 AM, purdygood said:

Same here.  Every place is packed. Every place has "help wanted" signs.   The Farmer's Market has thousands of people buying over priced stuff every Sunday. I don't know what BF Egypt places these people who think the economy sucks live?  Maybe they should move. 

For the 100th time at least.....spending has to SLOW down before interest rates come down.  That's the whole purpose in raising interest rates to fight inflation.  Spending like a drunk sailor with high inflation and high interest rates is NOT A GOOD THING.

[TrailGuy 552]

For more than two years now, higher prices have been pinching consumers’ wallets and testing their patience — but there’s at least one part of their monthly budget that has more breathing room these days: For the average U.S. worker, it now takes fewer hours of work to afford a week’s worth of groceries than it did five years ago, in August 2019.

That’s according to a MarketWatch analysis of wage and inflation data that shows how the price of food relative to wages has fluctuated in recent years. 

In other words: Despite substantial postpandemic increases in food costs, wages have now more than caught up with prices in this crucial spending category. And it’s easier for the average American worker to put food on the table than it was a couple of years ago.

https://www.marketwatch.com/story/groceries-are-more-affordable-now-than-in-2019-so-why-are-people-still-so-mad-about-prices-74b5a6db

[thegeneral 2,891]

3 minutes ago, TrailGuy said:

For more than two years now, higher prices have been pinching consumers’ wallets and testing their patience — but there’s at least one part of their monthly budget that has more breathing room these days: For the average U.S. worker, it now takes fewer hours of work to afford a week’s worth of groceries than it did five years ago, in August 2019.

That’s according to a MarketWatch analysis of wage and inflation data that shows how the price of food relative to wages has fluctuated in recent years. 

In other words: Despite substantial postpandemic increases in food costs, wages have now more than caught up with prices in this crucial spending category. And it’s easier for the average American worker to put food on the table than it was a couple of years ago.

https://www.marketwatch.com/story/groceries-are-more-affordable-now-than-in-2019-so-why-are-people-still-so-mad-about-prices-74b5a6db

That seems good.

Checks various trading accounts…oh they are are all up like 60%. 

Houses all selling in my hood like hot cakes.

Worst economy of my lifetime though.

[Horseman 2,353]

3 hours ago, TrailGuy said:

For more than two years now, higher prices have been pinching consumers’ wallets and testing their patience — but there’s at least one part of their monthly budget that has more breathing room these days: For the average U.S. worker, it now takes fewer hours of work to afford a week’s worth of groceries than it did five years ago, in August 2019.

That’s according to a MarketWatch analysis of wage and inflation data that shows how the price of food relative to wages has fluctuated in recent years. 

In other words: Despite substantial postpandemic increases in food costs, wages have now more than caught up with prices in this crucial spending category. And it’s easier for the average American worker to put food on the table than it was a couple of years ago.

https://www.marketwatch.com/story/groceries-are-more-affordable-now-than-in-2019-so-why-are-people-still-so-mad-about-prices-74b5a6db

Because you have to go back and include the zero growth year during 2020 to cherry pick that data.

To answer their question it's an issue because prices have outpaced wages under the Biden administration. A lot.  It's not been good in 2021 or 2022 or 2023 or 2024.  Like it or not he wasn't president in 2020 or 2019.

For sure some lemmings will see this and say "that seems good". Der.  But it's clearly picking the only data set that works.  Go back to the start of the Biden administration and it's not good.  

[Horseman 2,353]

3 hours ago, thegeneral said:

Checks various trading accounts…oh they are are all up like 60%. 

The S&P has gone up 52% under Biden.

It went up 67% under Trump.  

Poor people don't have an S&P index fund.

President's have little influence on the sock market.  They have a huge influence on inflation.

FACTS

[edjr 6,578]

On 9/28/2024 at 12:38 PM, Hawkeye21 said:

The economy is certainly not sucking here.  Every place seems busy almost every day lately.

credit cards, people are morons

[thegeneral 2,891]

14 minutes ago, Horseman said:

The S&P has gone up 52% under Biden.

It went up 67% under Trump.  

Poor people don't have an S&P index fund.

President's have little influence on the sock market.  They have a huge influence on inflation.

FACTS

Dow Jones is 49 to 52 in favor of Joe. 

I know you dummies like to repeat what Trump tells you but the economy is doing well.

There was that whole pandemic issue. When fatfock left office the place was a shetshow. Biden patched it all up. A thank you would be nice.

Place your dumbass tweet right here.

[edjr 6,578]

here where I live there are 20+ houses on the market, 1/2 have a drop in price. not seen in many years