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Biden’s economy
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Anonymous
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Biden got elected and suddenly corporations got greedy and drove up inflation. He's just an unlucky guy I guess. |
Anonymous
The only "sudden" part of this is that corporations are raking in massive profits DURING A PANDEMIC. |
Anonymous
Or maybe corporations don’t like when Presidents are Democrats. |
Anonymous
Yes, none of them cared about profits until Biden was elected. JFC people are stupid. |
Anonymous
| Jesus, this thread shows how dumb Democrats are. Why do you think the markets fell today even with these reported GDP#s? As investors and economists dug into the details of the report, they found less to like under the surface. Almost five points of the fourth quarter's 6.9% GDP growth came from building up inventory. Essentially, retailers and wholesalers were replenishing their supplies after months of robust demand and hard-to-come-by goods. This is a one off event and not sustained organic growth of the economy. |
Anonymous
IOW, the supply chain issues have largely been addressed. Got it. |
Anonymous
And companies stockpiling inventory is another good sign because they anticipate continued demand. |
Anonymous
Supply chain issues aren't the primary cause of inflation. You have to a dumb goldfish to believe in that narrative. The markets already priced in supply chain issue relief, yet the markets are still nervous about inflation. That's because inflation is currently being primarily driven by the massive 50% expansion of the entire supply of money in only about 1.5 years. The govt talking heads will try to blame supply chain issues and corporate greed, lol, but when inflation keeps sticking around even after supply chain issues wane they will have to finally admit that it inflation IS being caused by the govt and fed. Of course it is always easier and convenient to lay blame on forces outside of your control. That's BS smoke and mirrors. When they finally have to remove massive amounts of money out of the system to finally get inflation under control, the deflation in the economy and assets is going to be brutal. |
Anonymous
| Another day, another bad report... University of Michigan Sentiment drops further in January, weakest In aa decade. |
Anonymous
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Inflation the worst since 1982 according to todays PCE #s, which are the preferred measuring stick for inflation that the Fed uses.
But keep telling us that inflation isn't real, that it is transitory, and that only prices for caviar/crab/and kobe beef are rising only. Jesus Christ, the Dems are going to get absolutely obliterated on this issue. And they want the govt to spend trillions of more dollars on all sorts of social programs. It won't work when people's paychecks are buying less and less food and you want to make inflation worse by dumping trillions more into the economy. |
Anonymous
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GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
https://www.cnbc.com/amp/2022/01/27/gdp-grew-at-a-6point9percent-pace-to-close-out-2021-stronger-than-expected-despite-omicron-spread.html Economy strong, despite Trump’s effort to bankrupt us. |
Anonymous
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Fiscal stimulus powers U.S. economy in 2021 to its best performance since 1984
https://www.reuters.com/world/us/us-economy-regained-speed-q4-2021-growth-best-since-1984-2022-01-27/ |
Anonymous
Meanwhile the Atlanta Federal Reserve just announced a shocker.... US Economy on verge of contraction
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Anonymous
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https://www.cbsnews.com/news/inflation-personal-consumption-expenditures-jumped-5-8-in-2021-most-in-39-years/
Core inflation, which strips out volatile food and energy prides, rose 4.9%, the fastest pace since 1983. "The latter is also the highest rate since the early 1980s. With both wage and underlying price inflation spiraling out of control, no wonder the Fed is a lot less confident that this surge will be short-lived," Paul Ashworth, chief U.S. economist with Capital Economics, said in a note. My. I thought this was strictly transitionary. You know. Or didn't even exist. Which is what we were told last year 
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