Biden’s economy

[Anonymous]

DJIA extend losses to 600 points after weaker than expected Q1 2024 GDP data. Interestingly, this is the first time that markets have fallen on weak economic data.

In the past, weak economic data meant more rate cuts which was "bullish." Now, we have rising inflation with weakening economic data.

This means higher for longer is returning into a weaker economy.

FOUR MORE YEARS!

[Anonymous]

Stagflation

[Anonymous]

Anonymous wrote:DJIA extend losses to 600 points after weaker than expected Q1 2024 GDP data. Interestingly, this is the first time that markets have fallen on weak economic data.

In the past, weak economic data meant more rate cuts which was "bullish." Now, we have rising inflation with weakening economic data.

This means higher for longer is returning into a weaker economy.

FOUR MORE YEARS!

All of Trump’s stated plans would raise inflation far worse.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DJIA extend losses to 600 points after weaker than expected Q1 2024 GDP data. Interestingly, this is the first time that markets have fallen on weak economic data.

In the past, weak economic data meant more rate cuts which was "bullish." Now, we have rising inflation with weakening economic data.

This means higher for longer is returning into a weaker economy.

FOUR MORE YEARS!

All of Trump’s stated plans would raise inflation far worse.

RIIIGGGHHHHTTT.
Just like his first 4 years, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DJIA extend losses to 600 points after weaker than expected Q1 2024 GDP data. Interestingly, this is the first time that markets have fallen on weak economic data.

In the past, weak economic data meant more rate cuts which was "bullish." Now, we have rising inflation with weakening economic data.

This means higher for longer is returning into a weaker economy.

FOUR MORE YEARS!

All of Trump’s stated plans would raise inflation far worse.

RIIIGGGHHHHTTT.
Just like his first 4 years, right?

Right. As I’ve said here before, every economic policy that Trump championed was inflationary. Unfunded tax cuts are inflationary. Increasing the deficit is inflationary. Deregulating businesses is inflationary. Tariffs are inflationary. Severely limiting immigration is inflationary. All of those things Trump did before Covid, then Covid came, exacerbated much of the above that was already going on, and the recovery from it spiraled wages and prices to where they are now. I am a realist so I know Biden gets the blame for this, but a ton of it would have happened even if Trump won again because Trump put all the pieces in place. This is from 2018. https://www.washingtonpost.com/opinions/the-coming-trump-inflation/2018/03/04/f7d51a64-1e3d-11e8-ae5a-16e60e4605f3_story.html

[Anonymous]

Anonymous wrote:Stagflation

Yep

[Anonymous]

Trump now claiming that gas is $7/gallon and the stock market is crashing "in a sense" (WTF does that even mean?)

Boy's cheese done slid off his cracker.

[Anonymous]

Anonymous wrote:Trump now claiming that gas is $7/gallon and the stock market is crashing "in a sense" (WTF does that even mean?)

Boy's cheese done slid off his cracker.

He is right about gas prices. Not everywhere, but it is above $7 in some areas in CA.

And, as for the stock market.....

The recent slump in the U.S. stock market is likely to be the start of a deeper sell-off, according to JPMorgan strategists.

Although stocks rebounded at the start of the week, the market still faces a slew of macroeconomic risks, JPMorgan's chief market strategist Marko Kolanovic wrote in a note on Monday. Those headwinds include dwindling expectations the Federal Reserve will cut interest rates this year, signs of sticky inflation and higher-than-average equity valuations.

"Price action may depend on earnings and could stabilize near-term," Kolanovic said. "Beyond this, however, we think the sell-off has further to go. We remain concerned about continued complacency in equity valuations, inflation staying too hot, further Fed repricing, and a profit outlook where the implied acceleration this year might end up too optimistic."

https://www.foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns

[Anonymous]

I can't believe MSNBC did not pull the plug and claim "they lost power" during this damning statement. Hosts were too stunned to try to cut him off from telling the truth.

https://twitter.com/bennyjohnson/status/1783129693580927047?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1783129693580927047%7Ctwgr%5E97a85c7c46cd0b3e341b11e50b139b7bb08f45e2%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnotthebee.com%2Farticle%2Fwhoops-msnbc-accidentally-put-someone-on-air-who-says-the-truth[twitter]

[Anonymous]

Anonymous wrote:I can't believe MSNBC did not pull the plug and claim "they lost power" during this damning statement. Hosts were too stunned to try to cut him off from telling the truth.

I don’t love this guy but he makes a lot of sense. The Republicans don’t have any solutions to the problems he’s listing, though, and they started all of this in January 1981.

[Anonymous]

To use a simple sports analogy- Biden and the Democrats have been in charge, and things have gone very wrong. There needs to be a coaching change, even if you claim Republicans don't have any ideas. The idea that the general public that is not on DCUM knows is "my life was much better for 3.5 years pre-Pandemic under Trump" and can feel that in a lot of ways. There's your idea.

By your logic, you wouldnt fire any coaches because the new guys may not be better, but you're OK with keeping the same, losing scenario.

[Anonymous]

Anonymous wrote:To use a simple sports analogy- Biden and the Democrats have been in charge, and things have gone very wrong. There needs to be a coaching change, even if you claim Republicans don't have any ideas. The idea that the general public that is not on DCUM knows is "my life was much better for 3.5 years pre-Pandemic under Trump" and can feel that in a lot of ways. There's your idea.

By your logic, you wouldnt fire any coaches because the new guys may not be better, but you're OK with keeping the same, losing scenario.

Good analogy. Thank you.

[Anonymous]

[Anonymous]

Anonymous wrote:To use a simple sports analogy- Biden and the Democrats have been in charge, and things have gone very wrong. There needs to be a coaching change, even if you claim Republicans don't have any ideas. The idea that the general public that is not on DCUM knows is "my life was much better for 3.5 years pre-Pandemic under Trump" and can feel that in a lot of ways. There's your idea.

By your logic, you wouldnt fire any coaches because the new guys may not be better, but you're OK with keeping the same, losing scenario.

The problem with this analogy is that the new guy in this case isn't a new guy. He's a guy that had the job previously and failed to fulfill his primary duty as Commander-in-Chief. We need a coaching change for sure but it would be foolish to re-hire a former coach that didn't show up on game day when he had the job previously.

[Anonymous]

Anonymous wrote:To use a simple sports analogy- Biden and the Democrats have been in charge, and things have gone very wrong. There needs to be a coaching change, even if you claim Republicans don't have any ideas. The idea that the general public that is not on DCUM knows is "my life was much better for 3.5 years pre-Pandemic under Trump" and can feel that in a lot of ways. There's your idea.

By your logic, you wouldnt fire any coaches because the new guys may not be better, but you're OK with keeping the same, losing scenario.

This analogy doesn’t work because there’s no “new guy” on offer, and a ton of the things that have gone very wrong are because we’re still trying to fix what happened under the guy before this one.