Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

According to bankrate.com the national average for 30 year mortgages has surged from 3.07% in November to 4.53% now

That's actually some good news. Maybe the real interest rate will climb above 0%.

With the price of homes skyrocketing along with the highest inflation in 40 years...that will put more out of the market.

You have that backward. Low interest rates allow borrowers to borrow more, inflating house prices.

[Anonymous]

I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

[Anonymous]

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

Retired people and people on fixed income are really hurting.
Sad thing is..... wage increases are not keeping up with inflation - for those who don't have the luxury of changing jobs right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

Retired people and people on fixed income are really hurting.
Sad thing is..... wage increases are not keeping up with inflation - for those who don't have the luxury of changing jobs right now.

Wage increases haven’t kept up with inflation for 40 years, but all of a sudden it’s a huge problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

Retired people and people on fixed income are really hurting.
Sad thing is..... wage increases are not keeping up with inflation - for those who don't have the luxury of changing jobs right now.

Wage increases haven’t kept up with inflation for 40 years, but all of a sudden it’s a huge problem.

Not quite entirely true. If wages hasn't kept up in 40 years we'd all be very poor now!

And yes, inflation it's a real problem. Because inflation has spiked far beyond most people's typical wage gains. Which wasn't the case for the last 40 years.

[Anonymous]

The first admission of a recession in a semi-legit news source?

https://www.cnn.com/2022/03/25/economy/recession-risk/index.html

You can only have high inflation for so long without risking recession.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

Retired people and people on fixed income are really hurting.
Sad thing is..... wage increases are not keeping up with inflation - for those who don't have the luxury of changing jobs right now.

Wage increases haven’t kept up with inflation for 40 years, but all of a sudden it’s a huge problem.

Not quite entirely true. If wages hasn't kept up in 40 years we'd all be very poor now!

And yes, inflation it's a real problem. Because inflation has spiked far beyond most people's typical wage gains. Which wasn't the case for the last 40 years.

+1

[Anonymous]

Anonymous wrote:The first admission of a recession in a semi-legit news source?

https://www.cnn.com/2022/03/25/economy/recession-risk/index.html

You can only have high inflation for so long without risking recession.

You don’t know what you are talking about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The first admission of a recession in a semi-legit news source?

https://www.cnn.com/2022/03/25/economy/recession-risk/index.html

You can only have high inflation for so long without risking recession.

You don’t know what you are talking about.

I don't know what you are talking about?

[Anonymous]

Meanwhile the yield curve continues to flatten and invert. History will tells us that we're in for a big economic shock... soon!

[Anonymous]

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

What industry are you in? What you observe is far from uniform. While some industries kept up and even flourished, many have stagnated and millions of people lost their jobs and won't be easily trained to jump into the hot fields.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The first admission of a recession in a semi-legit news source?

https://www.cnn.com/2022/03/25/economy/recession-risk/index.html

You can only have high inflation for so long without risking recession.

You don’t know what you are talking about.

I don't know what you are talking about?

We aren’t heading toward a recession. Growth and employment are great, profits are up, and there is still pent-up demand in the sectors that stalled during the pandemic. Inflation won’t cause a recession. The usual jackass economystics are trying to create panic just for sport.

[Anonymous]

Unemployment claims at 53 year low!! Lowest total since September 1969. When you adjust for population this is likely the lowest unemployment ever….USA USA USA!!

[Anonymous]

Anonymous wrote:Unemployment claims at 53 year low!! Lowest total since September 1969. When you adjust for population this is likely the lowest unemployment ever….USA USA USA!!

It gets better “ In another encouraging sign, the number of people filing for continued jobless claims fell 67,000 to 1.35 million during the week ending March 12. That's the lowest level for this reading since January 3, 1970.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:I get that there is inflation worldwide, supply chains are getting better but still backed up, and this war will make things even worse.

But how is anyone complaining about the job market. It’s full steam ahead, jobs and wages are way up. I’m a corporate recruiter and I’m getting people jobs that I thought were unemployable until this last year. If you have any skills at all then wages are way up and opportunities are everywhere. Go get a raise that makes the inflation look small! I really think lots of people are missing out, this is one of those rare times when you can really push your career ahead by looking. Only other time I remember was the late 90s, and this may be better.

What industry are you in? What you observe is far from uniform. While some industries kept up and even flourished, many have stagnated and millions of people lost their jobs and won't be easily trained to jump into the hot fields.

I don't think you get it. Anyone who wants a job right now can get one. It is a buyer's market. Employers are paying bonuses even for retraining periods. The millions of people who lost jobs are all back to work now, with many more opportunities awaiting anyone who wants them. We actually need immigrants to help fill the void.