Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.



This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

This. If you think inflation is scary, try an unwanted child. There is nothing scarier for a woman, from every standpoint you can imagine. In terms of personal finance, it's a bombshell even without inflation.

American public cares more about inflation that abortion.

Abortion doesn’t effect me. I can choose not to have a child by simply using birth control. Inflation is impossible to escape.

It does "affect" you. It will affect all of us, socially, economically, etc. Plus, it will be taking away basic rights from half of the population so...

[Anonymous]

And fwiw, this option has been available for a year. The reason this lands on Biden and Powell is that the former kept insisting on adding more money via stimulus and the other was too nervous to start raising rates. I don’t know that this could have been completely stopped but it is definitely where it is today because of decisions Biden and Powell made. Even solid liberals like Larry Summers was sounding the inflation alarm a year ago. But the Whitehouse insisted inflation was “transitory” and PSaki famously referred the supply chain issue a the tragedy of the delayed treadmill. Um no. Supply chain disruption means the supply of everything gets pinch. So lots of money chasing fewer goods. Inflation. Basic Econ but maybe never too it. Or Biden. Or Powell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

And they have record profits? Help me with that math.

1) you keep saying that but it isn’t true for all business. Airlines for one. Car companies for another.

And 2) profit is their mission. It is why they exist. Profits are not a crime or a problem. But prices are going up because of inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

Can you elaborate on the “nuke” and “full Volcker”? I’m not anywhere near being an economist.

Volcker was a previous Fed Chair. He did not succumb to political pressure and did what was needed to get inflation under control. He drastically raised interest rates to double digits. It cussed two recessions, but it was the bitter medicine the economy needed to get inflation under control. He was one of the greatest Fed Chairs of all time and had an actual spine to do what was needed for a better economy in theong run. That's what we need right now.....a Fed chair with a spine who will raise rates faster and higher while tightening harder with quantitative tightening. Jerome Powell would get tons of criticism and heat for causing a recession, but this economy needs to be shocked Volcker style to reset the economy on a firm footing and to kill inflation. The idea that a soft landing is possible where the fed can reduce 40 year high inflation while having a progrowth environment for GDP is a pipedream. Just rip the band-aid off, do what Volcker did, and eat a recession or two in order to get inflation under control.

Thank you for this explanation! Also to the PPs who also chimed in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
The only reason Biden gave the speech today is because CPI for April will be released tomorrow and it won't be pretty. Meanwhile the housing bubble is popping as we speak

https://fortune.com/2022/05/09/housing-bubble-watc...to-look-like-they-did-in-2007/

“Inflation rates edged down in April compared to a month earlier, showing potential signs of easing”
https://www.washingtonpost.com/business/2022/05/11/april-cpi-federal-reserve/

Housing bubble needs to pop. Housing is way too expensive. Rents need to come down. That should help working people and the inflation problem.

Do you think the housing prices are being driven by corporate purchases over individual purchases of residential properties? Hotels are now adopting AirBnB model. VRBO and AirBnB is part of the problem IMO, and is due to lack of enforcement of existing rental laws. Maybe those are not the main problems with housing, but it sure seems that way from the nosebleed seats.

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

Yeah anyone saying companies are “raking in profits” has not been paying attention or they’re buying the Biden regimes propaganda full stop.

Look at your stock portfolio in your retirements funds or day trading. Companies are taking a beating.
Stocks down
Crypto down (which is showing it’s tied to the market like it shouldn’t be)

Next is housing

We have massive inflation.
Can’t keep food on the shelves
No baby formula
Gas is high


This is going to be a harsh two to three years and may be more once housing crashes. And it will all indicators are showing it will

Yet we send 40 billion to the Ukraine. How much would that have done here? We could have spent 40 billion on tax relief for Americans so they don’t stress about their lives but nope…off to the Ukraine to by some weapons for a war that doesn’t affect us one bit

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

Yeah anyone saying companies are “raking in profits” has not been paying attention or they’re buying the Biden regimes propaganda full stop.

Look at your stock portfolio in your retirements funds or day trading. Companies are taking a beating.
Stocks down
Crypto down (which is showing it’s tied to the market like it shouldn’t be)

Next is housing

We have massive inflation.
Can’t keep food on the shelves
No baby formula
Gas is high


This is going to be a harsh two to three years and may be more once housing crashes. And it will all indicators are showing it will

Yet we send 40 billion to the Ukraine. How much would that have done here? We could have spent 40 billion on tax relief for Americans so they don’t stress about their lives but nope…off to the Ukraine to by some weapons for a war that doesn’t affect us one bit

From the liberal rag Fortune: https://fortune.com/2022/04/13/wall-street-q1-earnings-season-markets-inflation-ukraine-war/amp/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

Yeah anyone saying companies are “raking in profits” has not been paying attention or they’re buying the Biden regimes propaganda full stop.

Look at your stock portfolio in your retirements funds or day trading. Companies are taking a beating.
Stocks down
Crypto down (which is showing it’s tied to the market like it shouldn’t be)

Next is housing

We have massive inflation.
Can’t keep food on the shelves
No baby formula
Gas is high


This is going to be a harsh two to three years and may be more once housing crashes. And it will all indicators are showing it will

Yet we send 40 billion to the Ukraine. How much would that have done here? We could have spent 40 billion on tax relief for Americans so they don’t stress about their lives but nope…off to the Ukraine to by some weapons for a war that doesn’t affect us one bit

Excellent post and I agree 100% until your very last paragraph. I also am dismayed at sending 40 billion to Ukraine when we have our own problems here. But you have to realize sending money directly to Americans during covid (ie covid relief) is one reason why we are F'd. More of the same (tax relief) is not what we need either. It's be better spent to aid rebuilding the food processing plants that have been destroyed or something along those lines.

[Anonymous]

[Anonymous]

The Biden administration and the complicit Dems in Congress spent an additional $4 trillion above the budget last year. This is the result

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

Yeah anyone saying companies are “raking in profits” has not been paying attention or they’re buying the Biden regimes propaganda full stop.

Look at your stock portfolio in your retirements funds or day trading. Companies are taking a beating.
Stocks down
Crypto down (which is showing it’s tied to the market like it shouldn’t be)

Next is housing

We have massive inflation.
Can’t keep food on the shelves
No baby formula
Gas is high


This is going to be a harsh two to three years and may be more once housing crashes. And it will all indicators are showing it will

Yet we send 40 billion to the Ukraine. How much would that have done here? We could have spent 40 billion on tax relief for Americans so they don’t stress about their lives but nope…off to the Ukraine to by some weapons for a war that doesn’t affect us one bit

Excellent post and I agree 100% until your very last paragraph. I also am dismayed at sending 40 billion to Ukraine when we have our own problems here. But you have to realize sending money directly to Americans during covid (ie covid relief) is one reason why we are F'd. More of the same (tax relief) is not what we need either. It's be better spent to aid rebuilding the food processing plants that have been destroyed or something along those lines.

No, not “excellent post” at all. The stock market has only been down for a few weeks yet inflation has been a problem for months. Not a very astute analysis to claim that profits are not above historical norms.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

First quarter earnings on the whole ranged from lackluster to very disappointing. In general, companies are not raking in profits, though as a previous posters noted that is their job.

Yeah anyone saying companies are “raking in profits” has not been paying attention or they’re buying the Biden regimes propaganda full stop.

Look at your stock portfolio in your retirements funds or day trading. Companies are taking a beating.
Stocks down
Crypto down (which is showing it’s tied to the market like it shouldn’t be)

Next is housing

We have massive inflation.
Can’t keep food on the shelves
No baby formula
Gas is high


This is going to be a harsh two to three years and may be more once housing crashes. And it will all indicators are showing it will

Yet we send 40 billion to the Ukraine. How much would that have done here? We could have spent 40 billion on tax relief for Americans so they don’t stress about their lives but nope…off to the Ukraine to by some weapons for a war that doesn’t affect us one bit

Excellent post and I agree 100% until your very last paragraph. I also am dismayed at sending 40 billion to Ukraine when we have our own problems here. But you have to realize sending money directly to Americans during covid (ie covid relief) is one reason why we are F'd. More of the same (tax relief) is not what we need either. It's be better spent to aid rebuilding the food processing plants that have been destroyed or something along those lines.

No, not “excellent post” at all. The stock market has only been down for a few weeks yet inflation has been a problem for months. Not a very astute analysis to claim that profits are not above historical norms.

To guage profitability you need to look at earnings, not stock prices.