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Thread: President Biden

  1. #2596
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    Re: President Biden

    Quote Originally Posted by arkansasbob View Post
    pretty sure she was performing a song from a musical. why is this the news instead of the fact that we now have a friggin' ministry of truth?
    Of course the bigger story is the actual position. But some of us can multi-task and look at the whole picture at once.

  2. #2597
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    Re: President Biden

    Quote Originally Posted by DawgyNWindow View Post
    The market rallied because investors figured the Federal Reserve would have to temper their interest rate hikes because the economy was getting weak. I am not even going to entertain that you didn't know that.

    And the day after you saw such gains, you saw losses eclipse that gain. What spin will you apply to that, since you have now become Trumpian and based your political opinion of the economy on the stock market?

    Talk about Baghdad Bob!
    The GDP numbers were no cause for concern. Consumer spending and business investment were up.

    The market turned after hours on Thursday when Apple, and more significantly, Amazon reported. The Amazon report was particularly bad, and the very crowded megacap tech “safety” trade started to unwind, which we saw follow through, predictably, on Friday.

    We are heading back to the 40 ema. The generals are usually the last to be shot in downturns, this one caused by the Fed’s tightening.

  3. #2598
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    Re: President Biden

    Comsumer confidence for April was down slightly from March. Not much confidence in business either, 21% said business conditions are "good," 22% say they are "bad." The remaining 57% asked, what is business? When asked about the next 6 months, the numbers are even worse, with a scant 18.1% saying conditions will improve. And only 17.4% think the job market will improve in the next 6 months. 22% think it will get worse, the rest say, "about the same."

    But we all know Sleepy Joe is doing a jam-up, great job, baby!

  4. #2599
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    Re: President Biden

    Quote Originally Posted by dawg80 View Post
    Comsumer confidence for April was down slightly from March. Not much confidence in business either, 21% said business conditions are "good," 22% say they are "bad." The remaining 57% asked, what is business? When asked about the next 6 months, the numbers are even worse, with a scant 18.1% saying conditions will improve. And only 17.4% think the job market will improve in the next 6 months. 22% think it will get worse, the rest say, "about the same."

    But we all know Sleepy Joe is doing a jam-up, great job, baby!

    My mortgage now identifies as a student loan... where do I go to ask for forgiveness??

  5. #2600
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    Re: President Biden

    Quote Originally Posted by FriscoDog View Post
    My mortgage now identifies as a student loan... where do I go to ask for forgiveness??
    What about our car loans and boat loans?

  6. #2601
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    Re: President Biden

    Quote Originally Posted by FriscoDog View Post
    My mortgage now identifies as a student loan... where do I go to ask for forgiveness??
    Good one!

    Besides that, student loan forgiveness is mostly a big give away to affluent whites, so it is basically racist. White privilege! Figures a racist like Biden would support such a proposal that would make black taxpayers pay for white folks to go to college.

  7. #2602
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    Re: President Biden

    April PMI Manufacturing index down to 55.4 when an increase from the March figure of 57.1 was expected.

    April (ismworld.org)

  8. #2603
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    Re: President Biden

    More numbers that don't lie.

    Personal income increased $107.2 billion (0.5 percent) in March, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $89.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $185.0 billion (1.1 percent).

    Real DPI decreased 0.4 percent in March and Real PCE increased 0.2 percent; goods decreased 0.5 percent and services increased 0.6 percent (tables 5 and 7). The PCE price index increased 0.9 percent. Excluding food and energy, the PCE price index increased 0.3 percent (table 9).

    Personal Income and Outlays, March 2022 | U.S. Bureau of Economic Analysis (BEA)

  9. #2604
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    Re: President Biden

    First monthly trade deficit of over $100 billion ($109.8B) in U.S. history. The forecast was for $107 billion.

    Robust imports push U.S. trade deficit to record high in March | Reuters

    The old saying goes, "Everything that should be up is down, and everything that should be down is up."

  10. #2605

  11. #2606
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    Re: President Biden

    With predictions of a recession why is the Fed raising interest rates? Shouldn't they be lowering rates to encourage economic activity?

    Oh! it's because we have this nasty inflation crushing the economy right now...wow! good job Joe. Can't fix one mess without exasperating another mess.

  12. #2607
    Super Moderator PawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond repute PawDawg's Avatar
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    Re: President Biden

    Adults in charge
    HCSH cumulative point differential by quarter:

    231 522 654 -54

  13. #2608
    Dawg Adamant Argument Czar Guisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond reputeGuisslapp has a reputation beyond repute Guisslapp's Avatar
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    Re: President Biden

    Quote Originally Posted by dawg80 View Post
    With predictions of a recession why is the Fed raising interest rates? Shouldn't they be lowering rates to encourage economic activity?

    Oh! it's because we have this nasty inflation crushing the economy right now...wow! good job Joe. Can't fix one mess without exasperating another mess.
    The economy is too strong. That is why the Fed is trying to force a recession. The Fed is trying to cause the type of recession that, due to the tight labor market, will cause less impact to jobs as the typical recession.

    The Fed doesn’t have a tool in its toolkit to address the problem with supply chains, their only tool is to change the cost of capital, thus squashing demand to match supply.

    Surely you understand this.

  14. #2609
    Super Moderator PawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond reputePawDawg has a reputation beyond repute PawDawg's Avatar
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    Re: President Biden

    Quote Originally Posted by Guisslapp View Post
    Surely you understand this.
    You don't...oops I forgot you Elites are omniscient.
    HCSH cumulative point differential by quarter:

    231 522 654 -54

  15. #2610
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    Re: President Biden

    Btw, Jerome Powell (the Fed chair Trump installed and Biden decided to re-up) said as much in his press conference today.

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