Biden’s economy

[Anonymous]

Anonymous wrote:He's certainly doing a number of my retirement account......

Dow suffers longest losing streak since 2001 as stocks benchmarks extend weekly losses despite closing sharply higher Friday

U.S. stocks ended sharply higher Friday, but all three major benchmark still booked another week of losses, as investors assessed the scope for further downside and the Federal Reserve’s ability to get inflation under control without sending the economy into a tailspin.

The Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, according to Dow Jones Market Data.

https://www.marketwatch.com/story/u-s-stocks-futures-swing-higher-as-s-p-500-fights-off-bear-market-territory-11652427721

If you don’t sell, you haven’t lost anything.

[Anonymous]

Anonymous wrote:The Dems don't realize they're the band on the deck of the Titanic

The rich don’t make money if the market doesn’t go down.
Makes perfect sense ( to them).

[Anonymous]

Anonymous wrote:The Dems don't realize they're the band on the deck of the Titanic

Do Democrats rule the entire world now? It’s strange to blame one party in one country for a global phenomenon.

[Anonymous]

This is where all the money is going....and it is a direct result of Trump's tariffs. This, the baby food and the gas prices - all direct results of Trumpism.

[Anonymous]

Perhaps the most incompetent administration in modern times, after W and Trump. Just pathetic.

[Anonymous]

Democrats are totally underestimating people's disdain for the current inflation.

[Anonymous]

Abortion is something that doesn't affect the majority of Americans. Hyperinflation and record high gas prices does.

[Anonymous]

Anonymous wrote:Democrats are totally underestimating people's disdain for the current inflation.

I don't think the administration cares.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Democrats are totally underestimating people's disdain for the current inflation.

I don't think the administration cares.

What's sad is that Biden (and Klain) should have ignored the progressive win more than they did. Who else are they going to vote for? They'll vote Democrat either way.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Democrats are totally underestimating people's disdain for the current inflation.

I don't think the administration cares.

What's sad is that Biden (and Klain) should have ignored the progressive win more than they did. Who else are they going to vote for? They'll vote Democrat either way.

Well, yes.

[Anonymous]

Anonymous wrote:Democrats are totally underestimating people's disdain for the current inflation.

Did you just wake up from a two years and two months coma? Everything in the economy depends on predictability and stability and we haven’t had either since the pandemic shut down the economy. Production, investment, labor, demand, supply, shipping, et al are recovering but there are still gaps and volatility waiting for sectors to redevelop efficiencies they lost. This is how capitalism works. There isn’t some magic switch that government can flip.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Democrats are totally underestimating people's disdain for the current inflation.

Did you just wake up from a two years and two months coma? Everything in the economy depends on predictability and stability and we haven’t had either since the pandemic shut down the economy. Production, investment, labor, demand, supply, shipping, et al are recovering but there are still gaps and volatility waiting for sectors to redevelop efficiencies they lost. This is how capitalism works. There isn’t some magic switch that government can flip.

Yeah there is—it was called Build Back Better.

[Anonymous]

Investment grade corporate spreads are starting to blow out... The issue is that the main source of demand (a non-commercial buyer) (US Govt and other Central Banks) are pulling back. All liquidity/demand is decreasing (due to the US Fed unwind and buying cessation). The repricing (all assets) will continue until the current demand/supply/growth expectation imbalances are corrected, pricing fully reflects both inflation and negative growth in 2023/2024. If inflation stabilizes at 5%, junk should price around an 8 to 10% all in yield.

(1) The US Fed stopped buying corporate debt, (2) Unwinding is reducing liquidity ($100bn monthly), (3) growth is slowing (or negative), (4) credit quality is falling significantly. Fed manipulation is over, liquidity is dead, credit quality is declining. HY (Junk) Yields have doubled and nominal prices are dropping (45 degree angle - down and to the right). It will continue for another 3 to 6 months. End of story. The game is over and so is this economy.

[Anonymous]

The formula thing was easily fixable, the whistleblower happened to release this info months ago, the Biden administration was caught sleeping which isn’t a surprise since he can’t stay awake

The abortion debate means little to most people what does mean something is good as gas prices
https://www.usatoday.com/story/money/shopping/2022/04/05/food-prices-inflation-grocery-stores/9477026002/

[Anonymous]

Anonymous wrote:The formula thing was easily fixable, the whistleblower happened to release this info months ago, the Biden administration was caught sleeping which isn’t a surprise since he can’t stay awake

The abortion debate means little to most people what does mean something is good as gas prices
https://www.usatoday.com/story/money/shopping/2022/04/05/food-prices-inflation-grocery-stores/9477026002/

Correct. Most people vote on the economy and it’s impact on them directly.