Biden’s economy

[Anonymous]

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

[Anonymous]

Anonymous wrote:Still, it makes me wonder what the economy would look like if we had a competent leader in the whitehouse right now.

I feel like the “recovery” we’re seeing right now is happening in spite of Biden, rather than because of Biden.

You are an idiot

Trump set Biden and the economy up for failure learn economics

Trumps taxes on people making $70,000 a year or less is atrocious

Biden doesn’t see gas or groceries prices

Republicans in the house are on Vacation they have had the majority for how long ? The clowns have wasted taxpayer monies playing dumb games. We will have a shut down so they can stick it to Dems and you will blame Dems for Republicans incompetence

Literally you are stupid nothing Trumps wh did was good, please leave the us or at least learn civics and economics

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

You are profoundly confused about our monetary system. We are not monetizing our debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

You are profoundly confused about our monetary system. We are not monetizing our debt.

What was wrong with what was written?

[Anonymous]

We are chocking out the private sector to try and have low inflation in spite of a two trillion dollar deficit. It’s pretty easy to understand really.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

They lie about easily verifiable things because they are arrogant and don't care, because many of their fellow Republicans who aren't in on it are too gullible/too lazy/too brainwashed/lacking the ability to fact check anything for themselves, plus they have already convinced their base that anyone who counters them with the truth and exposes their lie is themselves a liar, "FaKE NeWS!!!1!!"

It's bizarre and a huge mess that is seriously dragging this country down.

[Anonymous]

Anonymous wrote:We are chocking out the private sector to try and have low inflation in spite of a two trillion dollar deficit. It’s pretty easy to understand really.

No we aren't "choking" the private sector. Many corporations are reaping record profits right now, and that has been what is driving a chunk of the inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

You are profoundly confused about our monetary system. We are not monetizing our debt.

What was wrong with what was written?

The Fed does not purchase Treasury securities (t-bills, 1-, 2-, 10-, 30-year bonds, etc) directly from the Treasury. The Federal Reserve Act explicitly prohibits this; the Fed doesn't finance our government by creating dollars.

The PP insisting that the Treasury is funded by dollars from the Fed truly has no idea what they're talking about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

Government spends money into existence and taxes it out of existence.

When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year. This is fine if the economy has contracted overall, but if the economy stayed constant or grew, that means there are fewer dollars chasing more goods and services, which leads to deflation and all kinds of toxic outcomes, like borrowing more bank-created money, which makes the finance sector richer and the real economy poorer.

Of course, most governments run "deficits" – which is another way of saying that they leave more dollars in the economy at the end of the year than there was at the start of the year, or, put another way, a deficit probably means that your economy got bigger, so it needed more dollars.

[Anonymous]

Anonymous wrote:We are chocking out the private sector to try and have low inflation in spite of a two trillion dollar deficit. It’s pretty easy to understand really.

Our private sector is reporting record profits. If that is choking, I am curious to see what flourishing is in your mind.

[Anonymous]

Anonymous wrote:

Anonymous wrote:BREAKING: Moody’s cuts U.S. credit outlook from stable to negative.

This is a direct result of Republicans recklessly playing games with the debt ceiling.

+1 Biden and congressional Democrats told the Republicans this would happen and they either don’t care or want it to so PPs can make doomer posts like these pretending that the economy with its 4.9% 3Q GDP growth is bad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

Government spends money into existence and taxes it out of existence.

When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year. This is fine if the economy has contracted overall, but if the economy stayed constant or grew, that means there are fewer dollars chasing more goods and services, which leads to deflation and all kinds of toxic outcomes, like borrowing more bank-created money, which makes the finance sector richer and the real economy poorer.

Of course, most governments run "deficits" – which is another way of saying that they leave more dollars in the economy at the end of the year than there was at the start of the year, or, put another way, a deficit probably means that your economy got bigger, so it needed more dollars.

The PP who thinks that the Fed funds the Treasury definitely needs some remedial lessons in economics, but you should probably attend that same class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

Government spends money into existence and taxes it out of existence.

When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year. This is fine if the economy has contracted overall, but if the economy stayed constant or grew, that means there are fewer dollars chasing more goods and services, which leads to deflation and all kinds of toxic outcomes, like borrowing more bank-created money, which makes the finance sector richer and the real economy poorer.

Of course, most governments run "deficits" – which is another way of saying that they leave more dollars in the economy at the end of the year than there was at the start of the year, or, put another way, a deficit probably means that your economy got bigger, so it needed more dollars.

The PP who thinks that the Fed funds the Treasury definitely needs some remedial lessons in economics, but you should probably attend that same class.

Which part of the previous post is incorrect and why?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile, the credit market is cracking...

Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.

It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy.

China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have.

With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders.

I'll never understand why Republicans lie about things that are so easily verifiable: https://www.cnbc.com/quotes/US30Y

In any event, if few are buying government debt, how are we borrowing more than ever? The US can't borrow without somebody buying the debt, and clearly, people are. Please, please don't think yourself an economics expert because you watched a few Lou Dobbs segments. You have no idea what you're talking about, and anybody who took a single finance course in college and didn't sleep through it can tell.

It's a financial term. The Treasury BORROWS from the Federal Reserve. The Federal Reserve creates dollars out of thin air, AKA the Federal Reserve Note.

We are borrowing from ourselves by devaluing the dollar, since the dollar's value comes from its rarity, and the more dollars created out of thin air, the lass value it has. That's why inflation has been ramping up.

You have no idea what you are talking about.

Government spends money into existence and taxes it out of existence.

When a government runs a "balanced budget," that means that it has taxed as much out of the economy as it put into the economy at the start of the year. When a government runs a "surplus," that means it's left less money in the economy at the end of the year than there was at the beginning of the year. This is fine if the economy has contracted overall, but if the economy stayed constant or grew, that means there are fewer dollars chasing more goods and services, which leads to deflation and all kinds of toxic outcomes, like borrowing more bank-created money, which makes the finance sector richer and the real economy poorer.

Of course, most governments run "deficits" – which is another way of saying that they leave more dollars in the economy at the end of the year than there was at the start of the year, or, put another way, a deficit probably means that your economy got bigger, so it needed more dollars.

The PP who thinks that the Fed funds the Treasury definitely needs some remedial lessons in economics, but you should probably attend that same class.

Which part of the previous post is incorrect and why?

Taxation doesn't take money "out of existence," for one.

Inflation is primarily a monetary phenomenon. Superimpose government surpluses/deficits on a time series of inflation. Add as many lags as you like. There's no correlation whatsoever.