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Biden’s economy
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Anonymous
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Retail sales surpassed Wall Street's estimates in July, helping ease concerns of a significant slowdown in the US economy.
Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data. |
Anonymous
| What's that? Back to school spending? |
Anonymous
These statistics are seasonally adjusted. Typical levels of back to school spending are already baked in, so this is an increase relative to what you would expect with normal seasonal patterns. |
Anonymous
And, credit card debt is at an all time high. Go figure. |
Anonymous
People need to have personal responsibility, right? |
Anonymous
So is GDP, so are lots of things. That's how nominal amounts work! Inflation has come down to under 3%. Gas prices are lower than they were at this time last year or in 2022. The Fed is about to start cutting rates, which will improve housing affordability and borrowing costs. Oh and the equity markets in the U.S. have recovered from their "crash" from two weeks ago. Keep crying though. |
Anonymous
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This all a play for the MAGA base. I’m sure he didn’t sell any stock even though he predicted a crash. Some in the cult probably did and lost money, rinse and repeat. Similar to the “crash” 2 weeks ago. Remember to buy low and sell high, not the opposite which is what these scare tactics try to make the masses do while they bet the opposite. I bought on the crash with some cash I had sitting in savings, think I’m up like 7% in the 2-weeks. |
Anonymous
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Love the “up to 1 million”. So if may how down 1 job he is correct! Anyway, he is just making up a number since there is no backup data. The BLS data is just based on delayed state job data. Since nobody else, that actually crunched the numbers, is making this prediction then I doubt his guess (not prediction) will be right. |
Anonymous
| Zerohedge has as much credibility as some random anonymous dude on this forum. Why would anyone post this as something remotely factual? |
Anonymous
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Recession mentions are near a 3-year low for corporate America
https://finance.yahoo.com/news/recession-mentions-are-near-a-3-year-low-for-corporate-america-151248029.html The threat of recession has been an anvil on the Biden presidency coming out of COVID, and the idea that the administration could get the country economically back on track with a soft landing is a miracle. |
Anonymous
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Oof more layoffs
https://www.pymnts.com/technology/2024/tech-layoffs-reach-132000-8-months-into-2024/ GM layoffs https://www.cnbc.com/2024/08/19/gm-lays-off-more-than-1000-salaried-software-and-services-employees.html Back to school shopping putting Americans in debt https://www.newsweek.com/back-school-shopping-will-put-third-americans-debt-1941323 CC debt still crushing Americans https://www.npr.org/2024/05/14/1251295805/credit-cards-debt-inflation Massive layoffs making Americans worry https://thenationaldesk.com/amp/news/americas-news-now/job-security-worrying-more-americans-new-survey-shows The Biden/Harris economy is numbing and stumbling along like Biden has for the past three and half years. Kommunist Kamala is going to run business out of existence with her policies. Hold onto your hats folks - it’s going to get worse, much worse |