Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thanks Robin Ware!

https://www.businesswire.com/news/home/20231213009828/en/The-Tide-Turns-for-Renters-as-Asking-Rents-Post-Biggest-Decline-in-Over-3-Years?utm_campaign=shareaholic&utm_medium=twitter&utm_source=socialnetwork

[Anonymous]

Rents are coming down. The price of homes is next. But I'm sure some people will complain about that too.

[Anonymous]

The Fed announced that rates are staying put for now and scheduled three cuts for next year. Then the Dow did this:

“Investors on Wednesday drove the blue-chip index up more than 225 points to 36805, after Federal Reserve officials penciled in three interest-rate cuts next year at the conclusion of their December meeting. The rally puts the benchmark on the cusp of topping its previous closing high of 36799.65 set on Jan. 4, 2022. The 30-stock index has risen for six consecutive weeks and is up 10% this year through Tuesday.

Investors are now wagering that the central bank can pull off a soft landing, slowing the economy without tipping it into an extended recession. Tuesday’s inflation report reinforced those bets. Treasury yields have sharply declined in turn, offering equities a second wind.”
https://www.wsj.com/livecoverage/fed-meeting-fomc-interest-rate-december-2023

[Anonymous]

The stock market hit all time highs today. I remember when this happened several times under Trump and he called press conferences to claim credit for it.

[Anonymous]

Anonymous wrote:The stock market hit all time highs today. I remember when this happened several times under Trump and he called press conferences to claim credit for it.

+1 Meanwhile in the “liberal media” 🤪

[Anonymous]

Anonymous wrote:

Here you go

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:The stock market hit all time highs today. I remember when this happened several times under Trump and he called press conferences to claim credit for it.

+1 Meanwhile in the “liberal media” 🤪

Good god is it a reflex? Or are they paid to slam the Democrats?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A great month for the economy:

Inflation down to 3.1%

199k jobs added

Unemployment down to 3.7%

Real average hourly wages up .2%

Real weekly earning up .5%

So inflation is still outpacing wage growth?

The cited metrics were for the month. In a broader timeline, wage growth has exceeded inflation by about 1.5%

+1 and over the last three months, wage growth is beating price growth by 2% annualized for mid/low wage workers.

Now do Biden’s whole term

OK

[Anonymous]

[Anonymous]

Republican pps currently regrouping; furiously searching Twitter for hot takes.

[Anonymous]

I will say it again. By EVERY metric, the Biden administration for the economy has been better than Trump and better than peers around the world.

And we have the GOP trying to shut the government down, crash the economy and dictators around the world trying to start wars.

Biden is fighting the enemy within and internationally and still winning.

Obviously that could change, but gee, just think of how good things could be if the GOP were actually providing constructive legislative solutions rather than being total obstructionists.

[Anonymous]

And it looks like we're getting interest rate cuts next year. Of course the Orange Man will claim it's a plot to ruin his chances at election.

[Anonymous]

reiterating that everything trump says is a lie or is wrong

[Anonymous]

November retail sales were higher than expected, reiterating that while there are signs of cooling in the economy the US consumer remains in better position than many have feared.

Retail sales grew 0.3% in November, above economists projections for a 0.1% decline. The latest reading came in higher than October's 0.2% decline.