Biden’s economy

[Anonymous]

These are just in the past 48 hours............

Tesla layoffs to trim 6,000 positions in California, Texas

https://www.wsbtv.com/news/trending/tesla-layoffs-trim-6000-positions-california-texas/KVNEFGQV6VGQBL4R4EBJBWMDVU/

Lumen Layoffs Impact Almost 7% of Workforce (1,000 layoffs)

https://www.channelfutures.com/channel-business/lumen-layoffs-impact-almost-7-of-workforce

Here’s a list of the 95 Express stores that will be closing

https://www.marketwatch.com/story/heres-a-list-of-the-95-express-stores-that-will-be-closing-b7be07a4

Popular mall retailer files bankruptcy, will close 100 stores

https://www.al.com/news/2024/04/popular-mall-retailer-files-bankruptcy-will-close-100-stores.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

Who appointed Powell?

Biden

Nope, try again.

Biden did dimwit. Literally appointed by Biden his first year in office. You idiots think it was Trump. But Biden had full control over the current Fed Chair and appointed Jerome.

Do you have Alzheimer's?

Both Trump and Biden appointed him.

Jerome literally would not have a job RIGHT NOW if it weren't for Biden. It doesn't matter that Trump picked him too. Jerome is politically appointed. Biden could have picked Brainard but he didn't. Powell is hired by Biden.

Stop trying to obfuscate the fact that Biden appointed him with Trump. Powell has his current job BECAUSE of Biden. Period.

[Anonymous]

Anonymous wrote:These are just in the past 48 hours............

Tesla layoffs to trim 6,000 positions in California, Texas

https://www.wsbtv.com/news/trending/tesla-layoffs-trim-6000-positions-california-texas/KVNEFGQV6VGQBL4R4EBJBWMDVU/

Lumen Layoffs Impact Almost 7% of Workforce (1,000 layoffs)

https://www.channelfutures.com/channel-business/lumen-layoffs-impact-almost-7-of-workforce

Here’s a list of the 95 Express stores that will be closing

https://www.marketwatch.com/story/heres-a-list-of-the-95-express-stores-that-will-be-closing-b7be07a4

Popular mall retailer files bankruptcy, will close 100 stores

https://www.al.com/news/2024/04/popular-mall-retailer-files-bankruptcy-will-close-100-stores.html

I don’t know anything about Lumen, but Tesla is an Elon problem full stop, and Express is a mall retailer and mall retailers who didn’t have a good enough product to find success online have been struggling for years. Neither are Biden’s fault.

[Anonymous]

If we divide the performance of the S&P 500 by the Fed’s Balance Sheet since the Great Financial Crisis, the LINE IS FLAT.

This means that there has been basically NO REAL growth in stock prices since 2008- with the only rise in prices due to money printing.

The correlation coefficient between central bank quantitative easing and the price of stock indexes is nearly 1.

The money printed by the Fed, because of the structure of the Open Market Operations, is plugged directly into the Treasury markets, and from there, flows into equities and derivatives.

This has served to primarily enrich the asset owners, financial institutions, and wealthy elites who own the majority of the stock market anyways.

The entire rally has been an illusion, financed by the Fed and maintained through QE.

In the black expanse of space, many things are not what they seem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

Who appointed Powell?

Biden

Nope, try again.

Biden did dimwit. Literally appointed by Biden his first year in office. You idiots think it was Trump. But Biden had full control over the current Fed Chair and appointed Jerome.

Do you have Alzheimer's?

Both Trump and Biden appointed him.

Jerome literally would not have a job RIGHT NOW if it weren't for Biden. It doesn't matter that Trump picked him too. Jerome is politically appointed. Biden could have picked Brainard but he didn't. Powell is hired by Biden.

Stop trying to obfuscate the fact that Biden appointed him with Trump. Powell has his current job BECAUSE of Biden. Period.

So Trump is going to fire the guy he originally appointed? That would be unique since his people usually quit on him. It's just a hypothetical scenario any way since he's not going to be President.

[Anonymous]

[Anonymous]

[Anonymous]

[Anonymous]

Prices will drop when interest rates come down.

[Anonymous]

Anonymous wrote:Prices will drop when interest rates come down.

Why would prices drop when interest rates drop? When interest rates fall, buyers can afford bigger mortgages.

[Anonymous]

Prices aren’t dropping. The money printers will start up again as the cheap debt dependent economy starts to break

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Here’s why that’s bad for Biden and the Democrats.

Average American: "The economy is terrible!"

Pollster: "So you're having trouble with bills? People you know are out of work?"

Average American: "Well no, I'm actually doing great. My mortgage is at 2.75% interest and I've gotten some big raises the past two years. And most of the people I know have more work than they can handle, except my nephew who is a programmer and got laid off from Facebook last year. He had to take a new programming job that's only paying $200K instead of the $300K he made at Facebook. But I hear the economy is terrible!!!!!!!!!!!"

People are saying...

There was recently a big raft of polling where majorities of people reported that their state economies are doing great while still maintaining that the national economy is terrible. I will try to find it.

Found it.

[Anonymous]

Oooooofffff.


Here come Biden’s GDP whiffs just in time for election.

GDP came in today LOWER than expected. R.I.P. Dems.

[Anonymous]

[Anonymous]