Biden’s economy

[Anonymous]

Deficit to GDP ratio:

2016 - 3.1%
2017 - 3.4%
2018 - 3.8%
2019 - 4.6%
2020 - 15.0%
2021 - 12.1%
2022 - projected in the 4% range

Don’t need divided govt to lower the deficit, Dem govt seems to do the job. Republicans send it the wrong way.

[Anonymous]

Anonymous wrote:Deficit to GDP ratio:

2016 - 3.1%
2017 - 3.4%
2018 - 3.8%
2019 - 4.6%
2020 - 15.0%
2021 - 12.1%
2022 - projected in the 4% range

Don’t need divided govt to lower the deficit, Dem govt seems to do the job. Republicans send it the wrong way.

Wow! What happened in 2020? Some sort of global pandemic?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Deficit to GDP ratio:

2016 - 3.1%
2017 - 3.4%
2018 - 3.8%
2019 - 4.6%
2020 - 15.0%
2021 - 12.1%
2022 - projected in the 4% range

Don’t need divided govt to lower the deficit, Dem govt seems to do the job. Republicans send it the wrong way.

Wow! What happened in 2020? Some sort of global pandemic?

Wow! You completely ignored the 35% increase between 2017 and 2019 to suit your narrative!

[Anonymous]

[Anonymous]

Education sector with tons of vacancies. Who will fill these positions?

[Anonymous]

Oh noes

[Anonymous]

Anonymous wrote:Oh noes

I don’t recall the inverted yield curve causing a problem in 2019.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Oh noes

I don’t recall the inverted yield curve causing a problem in 2019.

Same.

[Anonymous]

Prime age labor force participation rate (25-54 yrs) back to 2019/2018 levels. 82.3%, up from 82.0%. I still think some are on the sidelines due to Covid and child care, we’ve run out of workers need to convince them to come back.

Why are people on this board trying to predict a recession when the indicators are the opposite. It’s a fools game to predict, if you say it all the time you are bound to be right eventually. Nobody can predict it with any accuracy but the next few months look clear barring nuclear war or some other crazy event.

[Anonymous]

[Anonymous]

Biden's economy is pretty good right now. Would it be better with a sane republican -- sure. But this is good.

[Anonymous]

Anonymous wrote:Biden's economy is pretty good right now. Would it be better with a sane republican -- sure. But this is good.

Sane republican is an oxymoron.

[Anonymous]

Anonymous wrote:Prime age labor force participation rate (25-54 yrs) back to 2019/2018 levels. 82.3%, up from 82.0%. I still think some are on the sidelines due to Covid and child care, we’ve run out of workers need to convince them to come back.

Why are people on this board trying to predict a recession when the indicators are the opposite. It’s a fools game to predict, if you say it all the time you are bound to be right eventually. Nobody can predict it with any accuracy but the next few months look clear barring nuclear war or some other crazy event.

Oh, I daresay it isn't this forum trying to predict a recession. If you follow the respectable mainstream news media, there's emerging cautionary talk about a prospective recession.

Not everything is hunky dory. This may very well be the calm before the storm. Inflation is persistent and not getting better and will have its ramifications. Consumer confidence is falling noticeably.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Prime age labor force participation rate (25-54 yrs) back to 2019/2018 levels. 82.3%, up from 82.0%. I still think some are on the sidelines due to Covid and child care, we’ve run out of workers need to convince them to come back.

Why are people on this board trying to predict a recession when the indicators are the opposite. It’s a fools game to predict, if you say it all the time you are bound to be right eventually. Nobody can predict it with any accuracy but the next few months look clear barring nuclear war or some other crazy event.

Oh, I daresay it isn't this forum trying to predict a recession. If you follow the respectable mainstream news media, there's emerging cautionary talk about a prospective recession.

Not everything is hunky dory. This may very well be the calm before the storm. Inflation is persistent and not getting better and will have its ramifications. Consumer confidence is falling noticeably.

The financial media is constantly chattering about recessions and whatnot, and they are usually wrong. I've been hearing this chatter for a decade, including several "inverted yield curves" that supposedly are solid predictors of a recession. They have no idea what they are talking about; doom and gloom gets clicks so that's what they do.

[Anonymous]

Anonymous wrote:Prime age labor force participation rate (25-54 yrs) back to 2019/2018 levels. 82.3%, up from 82.0%. I still think some are on the sidelines due to Covid and child care, we’ve run out of workers need to convince them to come back.

Why are people on this board trying to predict a recession when the indicators are the opposite. It’s a fools game to predict, if you say it all the time you are bound to be right eventually. Nobody can predict it with any accuracy but the next few months look clear barring nuclear war or some other crazy event.

People who had 2-3 jobs that paid terribly are just working 1-2 jobs that are now higher paying, or they dialed back their side hustle (eg, driving for Uber/Lyft). That's one source of the labor shortage and I don't think those people will come back until economic factors force them to work that extra job.

Plus, we lost a few million Boomers to retirement since 2019 and a couple hundred thousand working age Americans (frontline workers?) who died of COVID.

The tides won't turn in favor of employers for a while. They haven't seen a labor picture like this in a generation or two and lots of it stems from demographics.