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Forum » Unemployment rate down to 3.7% vs. expected 3.9%; Biden PRAISED for soft landing
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Thread: Unemployment rate down to 3.7% vs. expected 3.9%; Biden PRAISED for soft landing

post 1694569653 12-08-2023, 11:50 AM
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Originally Posted By Retoaded⏩
you think they are done at 5.5? when do you think cuts start next year?
I'm about to go get some beer right now but I'll post back later.
I: Self, Lord and Master.

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post 1694569923 12-08-2023, 11:54 AM
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Originally Posted By Abzu⏩
Lol.

Posted that in Jan of this year.

I've predicted where the fed should take rates for a soft landing, where they are actually going to take them, when they will cut rates and where they will cut them to. I've made so many spot on economic predictions on this forum that you literally could have gotten rich by following my posts. Called the correction in Sep 2021 to the day, called the crash in 2022, called the boom in 2023 and I have already said what would happen in 2024(though adjustments must be made do the fed starting skipping every other meeting instead of raising until terminal).



I think a lot of folks missed out on some of the content I provide because I'm also very inflammatory and I'm willing to call out anyone.

I do that on purpose online and offline because I know what I am offering is special and I want to know you deserve it.

Think about like tax loopholes, they are available to all but utilized by few, this allows the cream to rise to the top.



I'm only saying this now because I won't be here much longer and I want to allow more people the chance to expand their base of knowledge.





Posted that in Dec 2021 just prior to the crash lol

No wonder folks didn't listen lol

I'm an ******* lol
Aware.

C. Jones predicted you would predict this.
post 1694570283 12-08-2023, 12:00 PM
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#33
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Looking forward to deflation in 2024, which is when the Fed will lower rates. It's anybody's guess when exactly they'll cut rates. Could be as early as spring if the signs add up, but probably a little bit later. Fear of deflation is why the Fed lowered the already low rates in 2019 - deflation was on the horizon.

Regarding employment....we had a huge amount of retirementadding onto the already high expectedamount of Boomer retirement, which created a lot of openings.

"More than three-and-a-half years after Covid struck, the US still has around 2 million more retirees than predicted, in one of the most striking and enduring changes to the nation's labor force."
https://www.bloomberg.com/news/artic...rs-after-covid
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1694571483 12-08-2023, 12:20 PM
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Originally Posted By DeshaunWatson⏩
I love when people have no idea how economics work. Just tells me you’re a democrat.


People have to suffer before this gets better. The people who have prepared like myself and many others, are waiting to pick up the pieces of the low IQ who over leveraged.
cope
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post 1694572063 12-08-2023, 12:32 PM
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Wanna really see how awesome biden's economy is doing!? In the movie Home Alone during the scene where Kevin goes to a grocery store he buys milk, bread, toilet paper, laundry detergent, fabric softener, cling wrap, mac & cheese, a turkey TV dinner, orange juice and a bag of plastic Army men... The total in 1990? $19.83 Last year those items cost $44.40

Today????? 1 year later, those same items cost $72.28 LOOOOOOOOOOOOOOOL "wE dId It JoE!!!!"

You have to be mentally f*cking retarded to vote demoKKKrat at this point.
Rse ad rie agn unt lbs becm lons

UF 20 - Preet

I yo se e n the garag acicin y nuchuks with y croc o jut kep ding.. ' i te zoe and dnt wat you geti egt.
post 1694572443 12-08-2023, 12:37 PM
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Originally Posted By turk75⏩
Wanna really see how awesome biden's economy is doing!? In the movie Home Alone during the scene where Kevin goes to a grocery store he buys milk, bread, toilet paper, laundry detergent, fabric softener, cling wrap, mac & cheese, a turkey TV dinner, orange juice and a bag of plastic Army men... The total in 1990? $19.83 Last year those items cost $44.40

Today????? 1 year later, those same items cost $72.28 LOOOOOOOOOOOOOOOL "wE dId It JoE!!!!"

You have to be mentally f*cking retarded to vote demoKKKrat at this point.
So Joe's to blame for the $8T in debt that Trump left and the $2.8T he spent on Covid, flooding the economy with money? And somehow Joe doubled inflation in less than 3 months and doubled it again 3 months later?

Take an economics class and get back to us boyo. Inflation, as most non retards know, is a lagging indicator, like most country impacting economic factors.

Dumb dumb.
post 1694573193 12-08-2023, 12:46 PM
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#37
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Originally Posted By turk75⏩
Wanna really see how awesome biden's economy is doing!? In the movie Home Alone during the scene where Kevin goes to a grocery store he buys milk, bread, toilet paper, laundry detergent, fabric softener, cling wrap, mac & cheese, a turkey TV dinner, orange juice and a bag of plastic Army men... The total in 1990? $19.83 Last year those items cost $44.40

Today????? 1 year later, those same items cost $72.28 LOOOOOOOOOOOOOOOL "wE dId It JoE!!!!"

You have to be mentally f*cking retarded to vote demoKKKrat at this point.
Yes, the Trump administration's inflationary policies definitely left a steep toll on the country, but Biden is doing a good job cleaning up the mess thus far with minimal collateral damage. Feels good not having a narcissist lunatic in office.
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post 1694574363 12-08-2023, 01:06 PM
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Originally Posted By LeftistGent⏩
Yes, the Trump administration's inflationary policies definitely left a steep toll on the country, but Biden is doing a good job cleaning up the mess thus far with minimal collateral damage. Feels good not having a narcissist lunatic in office.
So disingenuous that people lie about it. Yet they claim that jobs that came back on Biden's watch don't count but inflation that happened on Biden's watch due to Trump's horrible monetary decisions is all Biden's fault.

Just a reminder that Trump cried so much about the Fed raising rates from zero during his "best economy ever" that the Fed lowered rates in 2019.

How about all those covid stimulus checks with his stupid name on them?
post 1694574803 12-08-2023, 01:14 PM
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Praised by whom and for what? What's Biden doing to create new private sector jobs?
post 1694575043 12-08-2023, 01:17 PM
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Originally Posted By AlfBundy⏩
Praised by whom and for what? What's Biden doing to create new private sector jobs?
Well the Military Industrial Complex seems to be booming due to all the war money being spread around the world. You gotta give him that.
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post 1694575423 12-08-2023, 01:23 PM
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Unemployment is far from that number. Ain’t buying chit from the left.
أشهد أن لا إله إلاَّ الله و أشهد أن محمد رسول الله
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post 1694575653 12-08-2023, 01:26 PM
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Originally Posted By kcadrenalin⏩
Well the Military Industrial Complex seems to be booming due to all the war money being spread around the world. You gotta give him that.
True. The OP says job growth occurred in health care and government. So what does that mean? More spending on vaccines, IRS agents, and people to process fake asylum claims from a border crisis Biden created? Yay!!
post 1694576703 12-08-2023, 01:42 PM
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Originally Posted By LeftistGent⏩
cope
You are broke, I’m not. Remember that.
post 1694576963 12-08-2023, 01:48 PM
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Originally Posted By kcadrenalin⏩
Well the Military Industrial Complex seems to be booming due to all the war money being spread around the world. You gotta give him that.
US exports of natural gas and petroleum to Europe are now at record highs. Natural gas especially. How fortunate for US energy companies that *somebody blew up the Nordstream pipeline and US policy aims now are to halve Russia's energy exports by 2030. It's a good thing for the Europeans that oil demand in the US is weak after 13 months in a row of declining manufacturing and frackers have gotten more efficient. We don't need it, they can have it. OPEC+ cutting supply is counterbalanced by weak demand. I'll take it. Let the deflation commence!!

Now if only food prices would come down. Wishful thinking, I know.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1694577353 12-08-2023, 02:01 PM
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Originally Posted By GenXTrumpFan⏩
So Joe's to blame for the $8T in debt that Trump left and the $2.8T he spent on Covid, flooding the economy with money? And somehow Joe doubled inflation in less than 3 months and doubled it again 3 months later?

Take an economics class and get back to us boyo. Inflation, as most non retards know, is a lagging indicator, like most country impacting economic factors.

Dumb dumb.
Speaking of aren't we on track to spend $3T more than we have in 2023?

The national debt increased by nearly 40 times under Abraham Lincoln from 1861 to 1865—the largest multiple of increase in U.S. history.
5
Of those who were president in either the 20th or 21st century, Franklin D. Roosevelt contributed to the largest percent increase in national debt. Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current PresidentJoe Biden is on pace to join or surpass them.
You don't have to be great to start, but you have to start to be great.
post 1694577483 12-08-2023, 02:03 PM
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Originally Posted By litljay⏩
Speaking of aren't we on track to spend $3T more than we have in 2023?

The national debt increased by nearly 40 times under Abraham Lincoln from 1861 to 1865—the largest multiple of increase in U.S. history.
5
Of those who were president in either the 20th or 21st century, Franklin D. Roosevelt contributed to the largest percent increase in national debt. Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current PresidentJoe Biden is on pace to join or surpass them.
Of course. That's where the new "job creation" is coming from
post 1694580553 12-08-2023, 03:05 PM
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Originally Posted By litljay⏩
Speaking of aren't we on track to spend $3T more than we have in 2023?

The national debt increased by nearly 40 times under Abraham Lincoln from 1861 to 1865—the largest multiple of increase in U.S. history.
5
Of those who were president in either the 20th or 21st century, Franklin D. Roosevelt contributed to the largest percent increase in national debt. Recent presidents Barack Obama, Donald Trump, and George W. Bush presided over the three largest increases in terms of dollar amounts. Current PresidentJoe Biden is on pace to join or surpass them.
Yes and it's a huge problem. But it's not the reason we had to overcome massive inflation. Trump's massive increase to the debt, zero Fed rates, and supply chains crippled by covid did. Biden didn't cry when the Fed increased rates so now inflation is back to manageable levels with wage growth outpacing it bigly.

We are now in a position where the economy can handle some negative stimulus like lower government spending. Inflation is in check, everyone who wants has a job, GDP growth that crushes anything Trump ever achieved, and record domestic energy production.

Thanks Joe!
post 1694580833 12-08-2023, 03:10 PM
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Originally Posted By GenXTrumpFan⏩
Yes and it's a huge problem. But it's not the reason we had to overcome massive inflation. Trump's massive increase to the debt, zero Fed rates, and supply chains crippled by covid did. Biden didn't cry when the Fed increased rates so now inflation is back to manageable levels with wage growth outpacing it bigly.

We are now in a position where the economy can handle some negative stimulus like lower government spending. Inflation is in check, everyone who wants has a job, GDP growth that crushes anything Trump ever achieved, and record domestic energy production.

Thanks Joe!
Right. Trump's spending with 0% interest rates for 4 years caused inflation, but Obama's spending with 0% interest rates for 8 years didn't. Makes sense
post 1694581133 12-08-2023, 03:14 PM
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Originally Posted By illriginalized⏩
Unemployment is far from that number. Ain’t buying chit from the left.
Delicious cope
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post 1694581143 12-08-2023, 03:14 PM
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Love how libs keep trying to brag about how great everything is while the masses keep complaining how bad everything is.

Says everything really.
post 1694581223 12-08-2023, 03:16 PM
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Originally Posted By AlfBundy⏩
Right. Trump's spending with 0% interest rates for 4 years caused inflation, but Obama's spending with 0% interest rates for 8 years didn't. Makes sense
Reminds me of:

*when a democrat is president
"The president isn't responsible for anything really, everything can be blamed on other people."

*when a republican is president
"The president is responsible for everything really, nothing can be blamed on other people."
post 1694581323 12-08-2023, 03:20 PM
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Originally Posted By JayJ350⏩
Reminds me of:

*when a democrat is president
"The president isn't responsible for anything really, everything can be blamed on other people."

*when a republican is president
"The president is responsible for everything really, nothing can be blamed on other people."
Reminds me of:

2008-2016: Obama's economy
2016-2019: Obama's economy
2020 covid crash: Trump's economy
2021-2023 inflation: Trump's economy
2023-2024: Biden's economy

LMFAO
post 1694581433 12-08-2023, 03:23 PM
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#53
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Originally Posted By AlfBundy⏩
Reminds me of:

2008-2016: Obama's economy
2016-2019: Obama's economy
2020 covid crash: Trump's economy
2021-2023 inflation: Trump's economy
2023-2024: Biden's economy

LMFAO
*democrat governors forcibly shut down their states
"Why did Trump do this?!" - libs

*democrat leaders claim it's racist to ban travel from China
"Why did Trump allow people to fly in from China?!" - libs
post 1694581803 12-08-2023, 03:30 PM
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Originally Posted By AlfBundy⏩
Right. Trump's spending with 0% interest rates for 4 years caused inflation, but Obama's spending with 0% interest rates for 8 years didn't. Makes sense
You're a cultist so I wouldn't really expect you to understand but I'll try. What do you think is more likely to cause inflation, spending $10T over 8 years or $8T over 4 years? Think hard boyo...

Also remember all those supply chains that Trump let get phuked up in 2020. You think that had any impact on inflation or nah?

SMH
post 1694581813 12-08-2023, 03:30 PM
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#55
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1)According to the IMF the inflation rate/average consumer price is 6.9% worldwide but only 4.1% in America or 40% lower than the rest of the world...

https://www.imf.org/external/datamap...O/WEOWORLD/VEN

This isn't a 'Biden' problem it's a worldwide problem and under Biden, America is doing better than half the world.


2)Before Trump was elected America was in the middle of a record 131 consecutive months of positive GDP growth and a record 113 months of positive job growth.

Both started in 2010...Obama's first full budget year!!!

Trump inherited a booming economy, a booming job market, and a federal budget deficit cut by 2/3rds from Obama.

Trump destroyed all that and added $8 Trillion to the national debt by giving himself and millionaires/billionaires $Trillions in tax cuts. Don't worry...that money will 'Tinkle Down' on you poor trailer park trash.



Fighting courageously and alone against the ignorant hoards of unwashed conservatives who wage war on Immigrants,the elderly,education,the environment,children,the poor,civil rights,Democracy,Voting Rights,hygiene,and common sense.

EctoCanuck...An Army of One.
post 1694581873 12-08-2023, 03:31 PM
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Originally Posted By JayJ350⏩
Reminds me of:

*when a democrat is president
"The president isn't responsible for anything really, everything can be blamed on other people."

*when a republican is president
"The president is responsible for everything really, nothing can be blamed on other people."
How about you aware me how Biden is responsible for inflation that double less than 3 months into his term? Does he have magic inflation causing ability or something? Not a dime of any spending bill he signed had been spent yet.

You guys have to be funnin' with me.
post 1694582243 12-08-2023, 03:39 PM
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Originally Posted By GenXTrumpFan⏩
How about you aware me how Biden is responsible for inflation that double less than 3 months into his term? Does he have magic inflation causing ability or something? Not a dime of any spending bill he signed had been spent yet.

You guys have to be funnin' with me.
Gee it's almost like democrat governors were shutting down their states and that Biden didn't do anything to help the economy, only making things worse.

Lol @ you clowns trying to pretend like everything is great while all I hear is average people complaining about how bad things are.
post 1694582523 12-08-2023, 03:46 PM
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Originally Posted By JayJ350⏩
Gee it's almost like democrat governors were shutting down their states and that Biden didn't do anything to help the economy, only making things worse.

Lol @ you clowns trying to pretend like everything is great while all I hear is average people complaining about how bad things are.
Who was president when the states were shut down? You still haven't explained how Biden caused inflation to double in less than 3 months.

And of course average people are complaining. Average people are stupid. They blame Biden for inflation when it's the most retarded thought ever. They think the bigly wage increases they've received since Biden took office were all due to their hard work. Normal people are dumb AF. Don't get me started on cultist, the dumbest of the dumb.
post 1694582833 12-08-2023, 03:53 PM
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Jay did you ever finally admit to frauding about owning your dad's ferrarl?
post 1694582923 12-08-2023, 03:55 PM
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Originally Posted By GenXTrumpFan⏩
You're a cultist so I wouldn't really expect you to understand but I'll try. What do you think is more likely to cause inflation, spending $10T over 8 years or $8T over 4 years? Think hard boyo...

Also remember all those supply chains that Trump let get phuked up in 2020. You think that had any impact on inflation or nah?

SMH
Bush spent less than 6 trillion in 8 years, almost none of which interest rates were at 0%. Most years under Bush: 1-5% interest rates. Increased national debt by 100%, no inflation

Obama spent 10 trillion in 8 years, all of which had 0% interest rates. Increased national debt by 90%, no inflation

Trump spent 8 trillion in 4 years, two years of which had interest rates of 1-2%. Increased national debt by 35%, no inflation

Hmm. Your logic isn't adding up boyo. Sounds like major COPE to explain why inflation SKYROCKETED the moment Biden unnecessarily 'stimulated' the economy

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