Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://fortune.com/2023/12/12/wage-growth-exceeded-inflation-jec-democrats/


Surprise! Wage growth outpaces inflation.
WHO knew?

Not how that works.

"Wages have outpaced inflation" is one of those things you say because you think it makes you sound informed but you just have a fundamental misunderstanding of how the data works. All that means is that wages have now reached a point where they're growing faster than inflation - that doesn't mean the increased wage growth you see will outpace the previous years where this wasn't the case. As an example, If prices rise 3% YOY for 10 years while wages grow 2% YOY in that same period then it's going to take a take another 10 years to stabilize if the trend were to reverse.

https://www.statista.com/chart/amp/27610/inflation-and-wage-growth-in-the-united-states/

Bit this is DCUM which is full of paid DNC shills, so my assumption is regardless of what the facts show you're already ideologically dug in.

So what you’re saying is… wages are outpacing inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:More than half of Americans in crippling CC debt due to Bidenomics

https://www.cnbc.com/amp/2024/01/08/56-million-americans-have-been-in-credit-card-debt-for-at-least-a-year.html

Average Americans can’t afford homes in 99% of the country
https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

50% of Americans can’t afford their utilities bills or are struggling to pay them
https://www.hopenergy.com/utility-bills-cost-cutting/#:~:text=Many%20Americans%20are%20Struggling%20to%20Pay%20Utility%20Bills,-The%20cost%20of&text=48%25%20of%20Americans%20are%20stressed,least%20one%20utility%20in%202023.

Then they shouldn't be using a credit card. That isn't Biden's fault.

People turned to CCs to pay their monthly bills because they couldn’t afford to live due to Bidenomics.

https://m.youtube.com/watch?v=BZUm0tuPGm4

Thanks to Bidenomics inflation outpaced wages for a whine before they “caught up” which they really didn’t. The middle class is still struggling to make ends meet

So the president is responsible for people's bad choices of living above their means?

Come on, now.

It’s all bullshit. Credit card balances are up because people are buying a lot more online.

[Anonymous]

prices ticking down

[Anonymous]

Inflation Rose in December

Jan 11 (Reuters) - Federal Reserve policymakers may not be quite as eager to start cutting interest rates as soon as March after fresh data showed inflation ticked up in December. The consumer price index (CPI) rose 0.3% in December after increasing 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. From a year earlier, consumer prices rose 3.4%, more than the 3.2% economists polled by Reuters had expected.

https://www.reuters.com/markets/us/traders-pare-bets-fed-will-cut-rates-march-after-inflation-data-2024-01-11/

[Anonymous]

Anonymous wrote:Inflation Rose in December

Jan 11 (Reuters) - Federal Reserve policymakers may not be quite as eager to start cutting interest rates as soon as March after fresh data showed inflation ticked up in December. The consumer price index (CPI) rose 0.3% in December after increasing 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. From a year earlier, consumer prices rose 3.4%, more than the 3.2% economists polled by Reuters had expected.

https://www.reuters.com/markets/us/traders-pare-bets-fed-will-cut-rates-march-after-inflation-data-2024-01-11/

Yes, if you srcoll upthread to yesterday, you will see that was already posted here. Was there a point in posting it again?

[Anonymous]

Wholesale prices down .1% in December, that’s 3 months straight of declines.

Diesel fuel down 12%! This will all feed into consumer inflation in the next few months.

[Anonymous]

Anonymous wrote:Citi to Cut 20,000 Roles in Fraser’s Bid to Boost Returns

Fixed-income trading revenue reaches five-year low in quarter
Citi to take $1 billion in severance, overhaul costs in 2024

january 12, 2024, Bloomberg

Citigroup Inc. said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of Chief Executive Officer Jane Fraser’s quest to boost the Wall Street giant’s lagging returns.

Firmwide expenses are expected to drop to a range of $51 billion to $53 billion by the end of 2026, Citigroup said. In the meantime, though, the firm expects to incur as much as $1 billion in expenses tied to severance payments and Fraser’s restructuring of the bank this year.

https://www.bloomberg.com/news/articles/2024-01-12/citigroup-to-cut-20-000-roles-in-fraser-s-bid-to-boost-returns?sref=Fbhig0fX

This is due to technology. Why post it in this thread? We will see a lot more of this as AI and automation is further adopted.

[Anonymous]

Dow up 10,000 since Biden took office.

[Anonymous]

Anonymous wrote:Dow up 10,000 since Biden took office.

And the media wants to let us know why that’s bad for Biden. “Can the Dow be ‘too high’? Some people are saying it can. Let’s talk to some voters in diners to find out…”

[Anonymous]

Anonymous wrote:Dow up 10,000 since Biden took office.

My portfolio is BOOMING. The wife and I have been restructuring it and are talking early retirement. Thanks, Joe!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dow up 10,000 since Biden took office.

My portfolio is BOOMING. The wife and I have been restructuring it and are talking early retirement. Thanks, Joe!

+1
26% returns last year.

[Anonymous]

Anonymous wrote:More Americans stressed about inflation as even the tiny increase in wages they get aren’t keeping up with Bidenflation
https://www.allianzlife.com/about/newsroom/2023-Press-Releases/Americans-More-Stressed-with-Inflation-Affecting-Finances

Biden is obviously unfit to serve another presidential term but he deserves only a very small portion of blame for the overheated economy of the past few years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://fortune.com/2023/12/12/wage-growth-exceeded-inflation-jec-democrats/


Surprise! Wage growth outpaces inflation.
WHO knew?

Not how that works.

"Wages have outpaced inflation" is one of those things you say because you think it makes you sound informed but you just have a fundamental misunderstanding of how the data works. All that means is that wages have now reached a point where they're growing faster than inflation - that doesn't mean the increased wage growth you see will outpace the previous years where this wasn't the case. As an example, If prices rise 3% YOY for 10 years while wages grow 2% YOY in that same period then it's going to take a take another 10 years to stabilize if the trend were to reverse.

https://www.statista.com/chart/amp/27610/inflation-and-wage-growth-in-the-united-states/

Bit this is DCUM which is full of paid DNC shills, so my assumption is regardless of what the facts show you're already ideologically dug in.

So what you’re saying is… wages are outpacing inflation.

The lengths Republicans will go to in order not to admit that Democrats are good for the economy.

[Anonymous]

Anonymous wrote:Inflation Rose in December

Jan 11 (Reuters) - Federal Reserve policymakers may not be quite as eager to start cutting interest rates as soon as March after fresh data showed inflation ticked up in December. The consumer price index (CPI) rose 0.3% in December after increasing 0.1% in November, the Labor Department's Bureau of Labor Statistics said on Thursday. From a year earlier, consumer prices rose 3.4%, more than the 3.2% economists polled by Reuters had expected.

https://www.reuters.com/markets/us/traders-pare-bets-fed-will-cut-rates-march-after-inflation-data-2024-01-11/

The rate of inflation will have it's moments of fluctuation during gradual reduction in the rate over the next 2 to 3 years. There is little the elderly bumbling clowns, Trump and Biden, can do do change this natural economic trend.

[Anonymous]

Meanwhile …

Trump has proposed imposing unprecedented new tariffs on trillions of dollars worth of imports and deporting undocumented workers on a vast scale. Both campaign pledges risk exacerbating the price spikes that have subsided over the last year, according to liberal and conservative economists alike, in addition to some estimates cited by the former president’s own advisers. If he’s elected, Trump could implement these policies at least in part without needing Congress to act.


Trump’s enormously disruptive policy proposals come as he appears likely to jettison the more cautious and establishment-friendly economic advisers that restrained his most nationalist and confrontational impulses during his first term. These advisers — such as former treasury secretary Steven T. Mnuchin — now find themselves either at war with Trump or receding from his inner circle, potentially empowering more fringe voices.

https://www.washingtonpost.com/business/2024/01/07/trump-economy-inflation-biden-campaign/