Biden’s economy
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Anonymous
Apparently not, according to Ford actually experiencing the whole package. Ford states they are losing $132K per EV, so why don't you stop trying to spin it? |
Anonymous
“Despite the EV losses, Ford CEO Jim Farley said in a call with investors the company is making changes in its EV business, and that the company’s planned next generation of EVs will allow it to be profitable on that business in the near future.” Yes. There are growing pains, trying to absorb the cost of research and development, but EV’s are here to stay thanks in part to pressure from the federal government. It’s what I voted for, and will continue to vote for. |
Anonymous
"The increase in consumer spending reflected an increase in services that was partly offset by a decrease in goods. Within services, the increase primarily reflected increases in health care as well as financial services and insurance. " https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-advance-estimate Did you catch that? You know what that means? Health care is not discretionary. That means the increase came out of everything else. |
Anonymous
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Rut Ruh... Another sign higher for longer is back at the Fed
According to the New York Fed, wage inflation is sticky around 5%. This is more than double the Fed's long-term 2% target that they continue to stand by. Needless to say, 5% wage inflation should not come as a surprise after the latest inflation data. CPI inflation is now up for 2 straight months and PPI inflation nearly doubled year-over-year. We are not ready for lower rates yet and this hurts someone's re-election efforts. |
Anonymous
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Massive layoffs looming
https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024?amp Thanks to Bidenomics more Americans in debt just trying to get by https://www.cbsnews.com/amp/news/credit-card-debt-record-high/ Full time employment down and keeps going down https://mishtalk.com/economics/jobs-up-303000-full-time-employment-down-6000-in-march/ Only part time jobs. It’s been posted here numerous times more Americans holding second and third jobs than ever before, thanks to Bidenomics People ask themselves, am I better off than four years ago? For most Americans the answer is a resounding no. Even during the pandemic things were as bad with the massive inflationary pressure we have now. More people living at home with parents, skyrocketing rents, double digit inflation in required consumer goods…hold onto your hats folks it’s going to get worse the next few months |
Anonymous
Thanks to Bidenomics the costs of cars are through the roof as it is. Real Americans can’t afford EVs, most are trying to get cars in the 3500-10000 range because of skyrocketing interest rates and COL soaring through the roof. Car dealerships are getting cars repossessed evasive no one is buying. I personally hope they all fail as car dealerships are scumbags anyways https://www.newsweek.com/2024/02/16/americans-being-priced-out-their-love-affair-cars-1866374.html#:~:text=That%20means%20that%20more%20than,people%20below%20the%20%24100%2C000%20line. https://money.com/used-car-costs-unaffordable/ Eva are out of reach for most people and people don’t want them. Their range is bad, no charging stations in a lot of areas and people Who need vehicles like trucks can’t use them. The F-150 electric has a 75 mile range of towing. An old 2012 V8 f-150 gets around 300+. There will be little to no EV adaptation in most of America, only the elites will be able to buy EVs |
Anonymous
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CVS Pharmacy crashes 13% after posting a massive earnings miss and lowering guidance. CVS' net income fell to $1.12 billion in Q1 2024, down from $2.14 billion in Q1 last year.
That's a near 50% DROP in their first quarter net income year-over-year. CVS now expects 2024 EPS of at least $7.00, down from a previous guidance of at least $8.30 per share. This comes just hours after Starbucks reported a horrible quarter with $SBUX stock down 13%. Yhe consumeris beginning to crack? |
Anonymous
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The Department of Housing and Urban Development is mandating costly new energy standards for new homes insured by the Federal Housing Administration (FHA), which will become de facto nationwide building codes.
HUD last Thursday announced that it will require new homes financed or insured by its subsidy programs to follow the 2021 International Energy Conservation Code standard. Many governments have declined to adopt the 2021 standards because of their higher costs. The National Association of Home Builders says the energy rules can add as much as $31,000 to the price of a new home. It can take up to 90 years for a buyer to realize a payback on the higher up-front costs through lower energy bills. Not to worry, HUD says taxpayers will help cover the cost. It “is anticipated that many builders will take advantage” of numerous tax incentives in the Inflation Reduction Act “as well as rebates that will become available in 2025 or earlier for electric heat pumps and other building electrification measures,” the rule says. These incentives include a $5,000 per unit tax credit for “zero energy” multifamily construction that meets prevailing-wage requirements that also raise building costs. HUD adds that builders may also “take advantage of certain EPA Greenhouse Gas Reduction Fund programs, especially the Solar for All initiative” and an investment tax credit that can offset 50% of a solar project’s cost. https://www.wsj.com/articles/housing-and-urban-development-energy-rule-affordable-housing-8bab9d62 Up to a $31K increase. People already can't afford housing! Where do they get these people from? |
Anonymous
There was a time i enjoyed a starbucks once a week. Now with my food budget iut of control that is out. Havent been in years. |
Anonymous
Same here. I have had ONE starbucks drink this past year. |
Anonymous
| JUST IN: Mortgage rates have increased for the fifth week, with the 30 year fixed at 7.42%, per Mortgage News Daily... FOUR MORE YEARS! |
Anonymous
| Wake me up when the president sets mortgage rates. |