Biden’s economy

[Anonymous]

Anonymous wrote:Another excellent jobs report.

+227k jobs in November
+56k revisions to September and October
+.4% wage growth in November (4.8% annualized)

+186k jobs average monthly increase in the last year
+4.0% wage growth in the last year

Trump will get the tailwind of these numbers in 2025. I’m interested if he can keep almost 200k/mo job growth in 2026/27. I’m sure that if his job growth is even half as good he will claim it’s the best ever (and the base will believe it). If they drop significantly he will claim they are fake or some other conspiracy.

I hope we can keep averaging close to 200k with wages increasing at 4%+. It’s a high bar.

These numbers get revised downward after a few months. It's happened for years under Biden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

You could also undo the W and Trump tax cuts, which have had a greater negative impact on the debt, but nah...

What does W stand for here?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation: low, back to pre-pandemic levels.
GDP: record high
Job creation: record high
Unemployment: record low
S&P/DOW: record high

The Biden record.

I hope Trump doesn't screw it up, but the GOP record on the economy the last 35 years is abysmal, so I won't hold my breath.

Not holding mine either. Expect Trump to add another $8T.

To be fair, Biden is at 7.6 or so.

The problem is after another $10T (or whatever) the interest on the debt, even at low interest rates, becomes too big and swallows federal spending. The only solution is to dramatically slash spending, but few voters have the appetite for that fix. Indeed, the best way to fix the government is to limit the franchise to those who would vote for massive spending cuts.

You could also undo the W and Trump tax cuts, which have had a greater negative impact on the debt, but nah...

What does W stand for here?

Bush 43.

[Anonymous]

250,000 jobs added in December and a downtick in unemployment. Biden may have overseen one of the best recoveries and sustained growth in presidential history.

[Anonymous]

Why does the stock market tank every time good job numbers are released? Coincidence?

[Anonymous]

Look at the far right of the graphic...it's utterly a "vibes" economy in spite of the fact that markets since the election have been sideways and UST rates have exploded.

Specifically, the index is based on a nationwide survey of 1,300 adults and is made up of three subindexes, including one for the respondent’s economic outlook six months into the future, the respondent’s personal financial outlook, and how the respondent views current federal policies.

The latest data shows that US households have turned very optimistic about the US economic outlook in recent months, see chart below.



https://www.apolloacademy.com/americans-are-optimistic-about-the-us-economic-outlook/

People don't know their head from their butt.

[Anonymous]

Anonymous wrote:Why does the stock market tank every time good job numbers are released? Coincidence?

Because it means Fed is less likely to cut interest rates. Looking like only one rate cut in LATE 2025...

[Anonymous]

Anonymous wrote:Why does the stock market tank every time good job numbers are released? Coincidence?

because a stronger economy means fewer interest rate cuts

[Anonymous]

January 9th...

Macy's announces closing 66 stores.
Kohl's announces closing 27 stores.

[Anonymous]

Anonymous wrote:January 9th...

Macy's announces closing 66 stores.
Kohl's announces closing 27 stores.

People don't shop at Macy's and Kohl's anymore. Why would they keep these stores open?

[Anonymous]

CNBC: Americans are tipping less

[Anonymous]

Anonymous wrote:January 9th...

Macy's announces closing 66 stores.
Kohl's announces closing 27 stores.

What are “stores”?

[Anonymous]

Anonymous wrote:January 9th...

Macy's announces closing 66 stores.
Kohl's announces closing 27 stores.

Who needs so much crap? People should save more.

[Anonymous]

Anonymous wrote:January 9th...

Macy's announces closing 66 stores.
Kohl's announces closing 27 stores.

internet shopping will do that

[Anonymous]

Final GDP numbers out: 2.3% growth from October through December 2024 and 2.8% for all of 2024.