Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:Imagining socializing the crypto losses like they did with the 2008 recession.

Crypto is and was a money laundering scam. Sad that investors in publicly traded companies got caught up in it, but, ya tulipmania times a billion.

It is like trying to make fetch happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Imagining socializing the crypto losses like they did with the 2008 recession.

Did banks buy crypto on margin or something? I'm not seeing the link between crypto and a recession.

Can’t see this as a trigger either. Also that 1.7T was a global loss, not US specific and I think it bounced back some. Crypto is a house of cards, who will be left holding the bag when the smart money gets out? I believe India is huge into crypto.

Bitcoin, by far the largest crypto, has halved since it peaked in November. Since that didn’t cause a recession what makes someone think it falling more would make a difference in the global economy? It can literally only lose what it already lost in the last 6 months if it goes to 0.

[Anonymous]

So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

[Anonymous]

Anonymous wrote:So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

Yeah it’s kinda weird that Biden is catching blame for a recession that hasn’t even happened. Just shows that no matter what happens Republicans will whine and moan. They have no principles other than complaining about libruls and getting power.

[Anonymous]

Anonymous wrote:So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

Agreed, they’ve been talking about a recession since he was elected a year and a half ago. Nothing says there is a recession now regardless of how much Republicans want there to be one. Pick and choose a data point here and there and ignore other data that says the opposite, nobody can accurately predict a recession and that’s a fact. Right now, today, the numbers are good and there is no recession and that is a fact!

Now they are bringing up baby formula like that was a govt caused crisis and not directly related to capitalism. If everyone wants the cheapest baby formula to the point when there is only 1 supplier then this is a risk. If you think baby formula is the only area with this issue then you are not paying attention. Monopsony has been a treand for some time, and nobody is trying to fix it especially republicans who are against intervention as a ideology.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

Agreed, they’ve been talking about a recession since he was elected a year and a half ago. Nothing says there is a recession now regardless of how much Republicans want there to be one. Pick and choose a data point here and there and ignore other data that says the opposite, nobody can accurately predict a recession and that’s a fact. Right now, today, the numbers are good and there is no recession and that is a fact!

Now they are bringing up baby formula like that was a govt caused crisis and not directly related to capitalism. If everyone wants the cheapest baby formula to the point when there is only 1 supplier then this is a risk. If you think baby formula is the only area with this issue then you are not paying attention. Monopsony has been a treand for some time, and nobody is trying to fix it especially republicans who are against intervention as a ideology.

An important factor in the baby formula shortage is also Trumps NAFTA replacement. His “perfect” negotiation eliminated the import of formula from Canada which was a supplier. Also his trade restrictions and tariffs come into play which basically eliminated the import of foreign imports of formula. Now we have 1 factory go down and there is a shortage and no way to import. Short term thinking on that US-Canada-Mexico agreement, so I guess it wasn’t such a smart negotiation by the master negotiator.

[Anonymous]

Powell confirmed again? Is his job "transitory"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

Agreed, they’ve been talking about a recession since he was elected a year and a half ago. Nothing says there is a recession now regardless of how much Republicans want there to be one. Pick and choose a data point here and there and ignore other data that says the opposite, nobody can accurately predict a recession and that’s a fact. Right now, today, the numbers are good and there is no recession and that is a fact!

Now they are bringing up baby formula like that was a govt caused crisis and not directly related to capitalism. If everyone wants the cheapest baby formula to the point when there is only 1 supplier then this is a risk. If you think baby formula is the only area with this issue then you are not paying attention. Monopsony has been a treand for some time, and nobody is trying to fix it especially republicans who are against intervention as a ideology.

+1

Great word, btw, “monopsony.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:Americans are struggling to buy formula and the government shipped pallets of it illegals:
https://katv.com/amp/news/nation-world/florida-rep-outraged-as-migrant-facility-appears-stocked-with-baby-formula-amid-shortage-baby-formula-shortage-baby-formula-held-at-southern-border-florida-representative-rep-kat-cammack

Looks like we have can’t find formula and fill up their tank….the Biden administration has no plan and he stumbles from crisis to crisis in a haze babbling incoherently. The democrats and the Washington elected have waged war in American people. 40 billion in unaccounted money to Ukraine for what? An issue that doesn’t mean anything to us. We have problems at home.

The formula issue is a private sector issue. We shouldn't have cartels controlling such important products. But, we are not a socialist country, right?

And since most of the formula is used by people of color, white people should be ok with this. And the party of "life" is upset that the government is providing food for infants? Really?

Bad policy has driven the shortages.

FDA regulation of formula is so stringent that most of the stuff that comes out of Europe is illegal to buy here due to technicalities like labeling requirements. Nevertheless, one study found that many European formulas meet the FDA nutritional guidelines—and, in some ways, might even be better than American formula, because the European Union bans certain sugars, such as corn syrup, and requires formulas to have a higher share of lactose.

Stores are now imposing Soviet style rationing and lines for
Basic necessities.

https://foodindustryexecutive.com/2022/05/over-half-of-consumers-report-grocery-and-food-shortages-morning-consult/amp/

Bidenflation and Bidenomics is shutting down restaurants that survived the pandemic
https://www.npr.org/2022/05/11/1096975182/restaurants-pandemic-inflation-food-prices

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So many people here trying to predict what is going to cause a recession instead of focusing on the reality of now.

Historically low unemployment, jobless claims, foreclosures. Strong wage growth, corporate profits etc.

Yes supply chain and inflation are huge issues. But looks like inflation going down to 4% in a year is already been established (still not great but not alarming). Supply chain is actually improving significantly, see container rates and the backup at the LA port has been cut in half. Enjoy the good times now, yes there may be a recession in the near future but no way anyone here can predict something that complex.

Agreed, they’ve been talking about a recession since he was elected a year and a half ago. Nothing says there is a recession now regardless of how much Republicans want there to be one. Pick and choose a data point here and there and ignore other data that says the opposite, nobody can accurately predict a recession and that’s a fact. Right now, today, the numbers are good and there is no recession and that is a fact!

Now they are bringing up baby formula like that was a govt caused crisis and not directly related to capitalism. If everyone wants the cheapest baby formula to the point when there is only 1 supplier then this is a risk. If you think baby formula is the only area with this issue then you are not paying attention. Monopsony has been a treand for some time, and nobody is trying to fix it especially republicans who are against intervention as a ideology.

+1

Great word, btw, “monopsony.”

DP. It’s a good word generally, but appears to be misused here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NASDAQ down 30% since November 2021 highs... cricket

Inflation and gas prices at all time highs... cricket

President blaming economic meltdown on RUSSIA... SMH!

What is it he should be doing?

Stop making absurd spending proposals that will pump more money into the economy and drive inflation.

Stop dangling the idiotic promise of student loan forgiveness which again will pump money into the economy and is driving another generation of students to take out loans hoping they will be forgiven.

At this point he could reliably do the exact opposite of what his instincts tell him to do and we’d all be better off.

So… do nothing.

Can you not understand that doing nothing is preferential to doing something that causes grave harm?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Americans are struggling to buy formula and the government shipped pallets of it illegals:
https://katv.com/amp/news/nation-world/florida-rep-outraged-as-migrant-facility-appears-stocked-with-baby-formula-amid-shortage-baby-formula-shortage-baby-formula-held-at-southern-border-florida-representative-rep-kat-cammack

Looks like we have can’t find formula and fill up their tank….the Biden administration has no plan and he stumbles from crisis to crisis in a haze babbling incoherently. The democrats and the Washington elected have waged war in American people. 40 billion in unaccounted money to Ukraine for what? An issue that doesn’t mean anything to us. We have problems at home.

The formula issue is a private sector issue. We shouldn't have cartels controlling such important products. But, we are not a socialist country, right?

And since most of the formula is used by people of color, white people should be ok with this. And the party of "life" is upset that the government is providing food for infants? Really?

Bad policy has driven the shortages.

FDA regulation of formula is so stringent that most of the stuff that comes out of Europe is illegal to buy here due to technicalities like labeling requirements. Nevertheless, one study found that many European formulas meet the FDA nutritional guidelines—and, in some ways, might even be better than American formula, because the European Union bans certain sugars, such as corn syrup, and requires formulas to have a higher share of lactose.

Stores are now imposing Soviet style rationing and lines for
Basic necessities.

https://foodindustryexecutive.com/2022/05/over-half-of-consumers-report-grocery-and-food-shortages-morning-consult/amp/

Bidenflation and Bidenomics is shutting down restaurants that survived the pandemic
https://www.npr.org/2022/05/11/1096975182/restaurants-pandemic-inflation-food-prices

So Biden is somehow responsible for regulations that have been on place for decades?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Americans are struggling to buy formula and the government shipped pallets of it illegals:
https://katv.com/amp/news/nation-world/florida-rep-outraged-as-migrant-facility-appears-stocked-with-baby-formula-amid-shortage-baby-formula-shortage-baby-formula-held-at-southern-border-florida-representative-rep-kat-cammack

Looks like we have can’t find formula and fill up their tank….the Biden administration has no plan and he stumbles from crisis to crisis in a haze babbling incoherently. The democrats and the Washington elected have waged war in American people. 40 billion in unaccounted money to Ukraine for what? An issue that doesn’t mean anything to us. We have problems at home.

The formula issue is a private sector issue. We shouldn't have cartels controlling such important products. But, we are not a socialist country, right?

And since most of the formula is used by people of color, white people should be ok with this. And the party of "life" is upset that the government is providing food for infants? Really?

Bad policy has driven the shortages.

FDA regulation of formula is so stringent that most of the stuff that comes out of Europe is illegal to buy here due to technicalities like labeling requirements. Nevertheless, one study found that many European formulas meet the FDA nutritional guidelines—and, in some ways, might even be better than American formula, because the European Union bans certain sugars, such as corn syrup, and requires formulas to have a higher share of lactose.

Stores are now imposing Soviet style rationing and lines for
Basic necessities.

https://foodindustryexecutive.com/2022/05/over-half-of-consumers-report-grocery-and-food-shortages-morning-consult/amp/

Bidenflation and Bidenomics is shutting down restaurants that survived the pandemic
https://www.npr.org/2022/05/11/1096975182/restaurants-pandemic-inflation-food-prices

So Biden is somehow responsible for regulations that have been on place for decades?

Don't you understand by this point? If something in the economy is bad, it's because Biden did it. If something in the economy is good, it's happening because of hardworking real patriotic Americans despite Biden.

[Anonymous]

The deficit is down, so not everything is as horrible as it seems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:NASDAQ down 30% since November 2021 highs... cricket

Inflation and gas prices at all time highs... cricket

President blaming economic meltdown on RUSSIA... SMH!

What is it he should be doing?

Stop making absurd spending proposals that will pump more money into the economy and drive inflation.

Stop dangling the idiotic promise of student loan forgiveness which again will pump money into the economy and is driving another generation of students to take out loans hoping they will be forgiven.

At this point he could reliably do the exact opposite of what his instincts tell him to do and we’d all be better off.

So… do nothing.

Can you not understand that doing nothing is preferential to doing something that causes grave harm?

So you should be happy. Nothing is being done.