Biden’s economy

[Anonymous]

Anonymous wrote:Remember when they said the market and economy would crash if Trump was elected? Remember when it didn’t and it was awesome! Remember when they said Biden would make economy even better and there’s no way inflation would happen?

Yeah…that’s not so awesome. I’ll take mean tweets and economic prosperity over this woke, inflation and chaos any day.

I remember when Trump oversaw the worst economic performance of any president since Herbert Hoover.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Remember when they said the market and economy would crash if Trump was elected? Remember when it didn’t and it was awesome! Remember when they said Biden would make economy even better and there’s no way inflation would happen?

Yeah…that’s not so awesome. I’ll take mean tweets and economic prosperity over this woke, inflation and chaos any day.

Did you all sleep through 2020?

They all pretend like 2020 didn't happen. I've had so many Trump supporters in my orbit say "Well, he was amazingly economically before COVID happened." And then rant about all the ways Biden is terrible.

The cognitive dissonance is real. Trump left office having lost something like 4 million jobs. That's insane. But, of course, its supposedly the "Democrat cities" who are responsible for the job losses. It's never a Republican's fault, nevermind the fact that jobs cratered in Republican areas too.

https://fortune.com/2021/01/11/us-economy-jobs-numbers-trump-compared-past-presidents-worst-record-since-hoover/

[Anonymous]

The entire market has now lost all gains since Biden took office. Thanks Joe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember when they said the market and economy would crash if Trump was elected? Remember when it didn’t and it was awesome! Remember when they said Biden would make economy even better and there’s no way inflation would happen?

Yeah…that’s not so awesome. I’ll take mean tweets and economic prosperity over this woke, inflation and chaos any day.

Did you all sleep through 2020?

They all pretend like 2020 didn't happen. I've had so many Trump supporters in my orbit say "Well, he was amazingly economically before COVID happened." And then rant about all the ways Biden is terrible.

The cognitive dissonance is real. Trump left office having lost something like 4 million jobs. That's insane. But, of course, its supposedly the "Democrat cities" who are responsible for the job losses. It's never a Republican's fault, nevermind the fact that jobs cratered in Republican areas too.

https://fortune.com/2021/01/11/us-economy-jobs-numbers-trump-compared-past-presidents-worst-record-since-hoover/

Truth is, the same thing would have happened under Joe. But, it would have been worse and laster longer since Joe is a step behind on everything and would have never conceived of Operation Warp Speed.

As far as the losses and recovery - Republican run states fared far better.

States with Republican governors are leading the recovery from the Covid-19 economic shock, complicating President Joe Biden’s push for a new sweeping infusion of federal aid.

Of the 15 states that have returned to pre-pandemic levels of economic activity, 12 are led by Republican governors, Federal Reserve data shows. Of the 10 states reporting the lowest levels of activity since January 2020, seven — including New York, Pennsylvania and Illinois — are run by Democratic governors.

https://www.politico.com/news/2021/06/24/gop-states-fight-uneven-recovery-495762

[Anonymous]

ESPECIALLY Illinois

[Anonymous]

Anonymous wrote:The entire market has now lost all gains since Biden took office. Thanks Joe.

If you don’t sell, it isn’t a loss. The stock market is irrational.

[Anonymous]

Markets are melting down.

This does not portend a good outlook for the economy. People better start worrying about their jobs. This is getting real ugly after the last inflation print showed that inflation is abating at all.

Absolute bloodbath over the last week. I'd start worrying about your job and prepping for a nasty recession.

[Anonymous]

S&P 500 down over 4% today as we head toward the close.

[Anonymous]

Anonymous wrote:S&P 500 down over 4% today as we head toward the close.

It's not just stocks either. Bond markets are imploding. This is so bad. The 2 year just inverted the 30 year for a bit there. Mortgages may rapidly approach 7%. Home values still have not priced a massive uptick in interest rates this high. The housing/real estate market may get slammed next. Corporate credit spreads are looking uglier and uglier.

This ends as we expected - a nasty, fiery crash rather than a 'soft landing'. The only problem is that this time, the US govt has so much debt from fighting COVID that the Fed and USG are virtually out of ammo to combat a serious downturn in the economy. Bad, bad, bad. This country is going to blow up our deficit to Japan levels in no time because we keep kicking the can down the road for controlling and paying down our deficit and now have no room to breathe when S hits the fan.

Watch out for your jobs people. Start hoarding cash for the implosion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:S&P 500 down over 4% today as we head toward the close.

It's not just stocks either. Bond markets are imploding. This is so bad. The 2 year just inverted the 30 year for a bit there. Mortgages may rapidly approach 7%. Home values still have not priced a massive uptick in interest rates this high. The housing/real estate market may get slammed next. Corporate credit spreads are looking uglier and uglier.

This ends as we expected - a nasty, fiery crash rather than a 'soft landing'. The only problem is that this time, the US govt has so much debt from fighting COVID that the Fed and USG are virtually out of ammo to combat a serious downturn in the economy. Bad, bad, bad. This country is going to blow up our deficit to Japan levels in no time because we keep kicking the can down the road for controlling and paying down our deficit and now have no room to breathe when S hits the fan.

Watch out for your jobs people. Start hoarding cash for the implosion.

You need to get a grip. The stock market goes up and down. Bear markets happen on average every 3.5 years. Selling now is about the dumbest possible move.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:S&P 500 down over 4% today as we head toward the close.

It's not just stocks either. Bond markets are imploding. This is so bad. The 2 year just inverted the 30 year for a bit there. Mortgages may rapidly approach 7%. Home values still have not priced a massive uptick in interest rates this high. The housing/real estate market may get slammed next. Corporate credit spreads are looking uglier and uglier.

This ends as we expected - a nasty, fiery crash rather than a 'soft landing'. The only problem is that this time, the US govt has so much debt from fighting COVID that the Fed and USG are virtually out of ammo to combat a serious downturn in the economy. Bad, bad, bad. This country is going to blow up our deficit to Japan levels in no time because we keep kicking the can down the road for controlling and paying down our deficit and now have no room to breathe when S hits the fan.

Watch out for your jobs people. Start hoarding cash for the implosion.

You need to get a grip. The stock market goes up and down. Bear markets happen on average every 3.5 years. Selling now is about the dumbest possible move.

You need to learn how to read.

This isn't just about the stock market. Bond markets are signaling severe risks are ahead for the economy.

[Anonymous]

Biden needs to remove the Russian-generated instability from the equation. Ukrainian economy needs to be stabilized and re-opened, the Black Sea shipping lanes need to be reopened.

That happens when Russia is forced to submit and go home. Russia needs to gets flattened in Eastern Ukraine ASAP.

[Anonymous]

Another week, another bad report... Retail sales in May -0.3% compared to forecast @ 0.1%. Life is good and let's discuss the largest drop in the deficit while the ECB calls for emergency meeting.

[Anonymous]

All I hear is Biden can't do anything about the economy, he can't do anything about the gas prices, he can't do anything about the war in Ukraine other than send money...what exactly is the point of his presence. He surely isn't making the American people feel any better or being empathetic to their plight.

[Anonymous]

When you want to live in the White House and work from the Oval Office, you must accept the fact that you are held responsible for everything that happens to the country on your watch. Whether your Administration contributed to something or not is irrelevant. You’re the Captain of the ship. You sail or sink with her.

Inflation is on Biden. The economy is on Biden. Blaming others rings hollow after a very short period of time. Saying that you can’t do anything about it amounts to political negligence.