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The Economy

UltraChad said:
That was back when they were center right neoliberal capitalist like Trump.

Things have changed.

Try again, I love seeing Democrats come out and cling to a reputation from 30 years ago after getting soundly stuffed for their dog shit economy and social insanity in favor of Orange Hitler...AGAIN.
Click to expand...
30 years ago? Wow, you're bad at history, economics, and math.
 
UltraChad said:
No. That's a projection from the welfare class (D)ipshits who are so pathetic and worthless "NO YOU!!!" is the best NPC response they got.



The economy is only banging for those who already had money.

People who were never making enough money to invest in the first place...... didn't get to become top level world class stock traders by following Nancy Pelosi.
Click to expand...
Not true. Please provide proof.

The economy is only banging for those who already had money.
Click to expand...

ETA - that's universal for the universe no matter who is President.
 
Rotadom said:
ETA - that's universal for the universe no matter who is President.
Click to expand...

Nope.....presidents who don't make economic oppression THE FUCKIN POINT, like democrats do, are having a more positive effect in the working/middle class. And they've started to notice that.
 
UltraChad said:
Nope.....presidents who don't make economic oppression THE FUCKIN POINT, like democrats do, are having a more positive effect in the working/middle class. And they've started to notice that.
Click to expand...
You're currently being schooled on Republican recessions. Just stop.
 
UltraChad said:
Nope.....presidents who don't make economic oppression THE FUCKIN POINT, like democrats do, are having a more positive effect in the working/middle class. And they've started to notice that.
Click to expand...

You make false generalizations and never provide anything factual because there are no facts to back up your nonsense.

Leave the discussion of the economy to the grownups. 😄
 

November Inflation Climbs 2.7%.​

According to the federal government’s Bureau of Labor Statistics, the Consumer Price Index (CPI) recorded a 2.7 percent annual increase in November. The data suggests that inflation remains elevated above the Federal Reserve‘s two percent target and that the specter of high prices remains a problem for many Americans.

The CPI measures price changes in a set of goods and services commonly purchased by consumers. Since 2022, the Federal Reserve has been addressing elevated inflation by raising its benchmark interest rate, aiming to curb consumer and business consumption. This strategy has reduced the inflation rate from its June 2022 peak of 9.1 percent to its current level.

Lisa Sturtevant, chief economist at Bright MLS, pointed out that November marked the second consecutive month of year-over-year CPI increase, with prices rising 0.3 percent from October to November. Sturtevant observed that wages have been increasing faster than inflation since May 2023, which has sustained consumer spending levels despite persistent inflation.

However, she noted that many families, particularly those with moderate incomes, feel the effects of high consumer prices. Recent U.S. Census Bureau research indicates that inflation disproportionately affects these families compared to those with higher incomes.

https://thenationalpulse.com/2024/12/11/november-inflation-climbs-2-7/

Bidenomics, the failed economic policy that thread starter worships.
 

U.S. Treasury Sec. Says ’Sorry’ for Ruining Economy​


'History will not be kind to Janet Yellen...'
Posted byDmytro "Henry" Aleksandrov
December 12, 2024

Fox News reported that Yellen apologized during the Wall Street Journal’s CEO Council Summit after Greg Ip, the Journal’s chief economic commentator, said that Biden and Yellen are leaving behind a significant budget deficit and asked whether she is sorry about not fixing the problem.

“Well, I am concerned about fiscal sustainability. And I am sorry that we haven’t made more progress. I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates,” Yellen replied. However, before the summit, Yellen was gaslighting Americans into thinking the U.S. economy was doing great.

Conservative pundits, including Zero Hedge, criticized Yellen for her recent comments and the fact that they would not fix the economy.

“US debt rose by $8.2 trillion while Yellen was Fed Chair or Vice Chair, and by $8.5 trillion while she was Treasury Secretary,” @zerohedge wrote. “In other words, Janet Yellen has personally overseen $16.7 trillion, or 46%, of all the debt increase in the history of the USA. But she is ‘sorry.'”

https://headlineusa.com/u-s-treasury-sec-says-sorry/

We knew from the beginning that she would be a colossal failure.
 

“Falling Off A Cliff”: This Chart Proves That We Are In A Major Economic Downturn Right Now​

TOPICS:Economic CollapseEmploymentMichael Snyder
December 12, 2024

By Michael Snyder

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag. The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election. But as we approach 2025, things are starting to get frighteningly bad. When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen. Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented…

https://activistpost.com/wp-content/uploads/2024/12/Snip20241212_53.png
https://activistpost.com/wp-content/uploads/2024/12/Snip20241212_53-963x1024.png

https://activistpost.com/2024/12/fa...e-in-a-major-economic-downturn-right-now.html
 
Rightguide said:

November Inflation Climbs 2.7%.​

According to the federal government’s Bureau of Labor Statistics, the Consumer Price Index (CPI) recorded a 2.7 percent annual increase in November. The data suggests that inflation remains elevated above the Federal Reserve‘s two percent target and that the specter of high prices remains a problem for many Americans.

The CPI measures price changes in a set of goods and services commonly purchased by consumers. Since 2022, the Federal Reserve has been addressing elevated inflation by raising its benchmark interest rate, aiming to curb consumer and business consumption. This strategy has reduced the inflation rate from its June 2022 peak of 9.1 percent to its current level.

Lisa Sturtevant, chief economist at Bright MLS, pointed out that November marked the second consecutive month of year-over-year CPI increase, with prices rising 0.3 percent from October to November. Sturtevant observed that wages have been increasing faster than inflation since May 2023, which has sustained consumer spending levels despite persistent inflation.

However, she noted that many families, particularly those with moderate incomes, feel the effects of high consumer prices. Recent U.S. Census Bureau research indicates that inflation disproportionately affects these families compared to those with higher incomes.

https://thenationalpulse.com/2024/12/11/november-inflation-climbs-2-7/

Bidenomics, the failed economic policy that thread starter worships.
Click to expand...

I posted that last week when it was announced. 👍

I also added this about the fact that the cost of goods decreased:

MajorRewrite said:
Interesting. The cost of goods fell over the last 12 months, but the cost of services increased.

The services that jumped most were rent, medical services and motor vehicle insurance.

View attachment 2443163
Click to expand...
 
Rightguide said:

U.S. Treasury Sec. Says ’Sorry’ for Ruining Economy​


'History will not be kind to Janet Yellen...'
Posted byDmytro "Henry" Aleksandrov
December 12, 2024

Fox News reported that Yellen apologized during the Wall Street Journal’s CEO Council Summit after Greg Ip, the Journal’s chief economic commentator, said that Biden and Yellen are leaving behind a significant budget deficit and asked whether she is sorry about not fixing the problem.

“Well, I am concerned about fiscal sustainability. And I am sorry that we haven’t made more progress. I believe that the deficit needs to be brought down, especially now that we’re in an environment of higher interest rates,” Yellen replied. However, before the summit, Yellen was gaslighting Americans into thinking the U.S. economy was doing great.

Conservative pundits, including Zero Hedge, criticized Yellen for her recent comments and the fact that they would not fix the economy.

“US debt rose by $8.2 trillion while Yellen was Fed Chair or Vice Chair, and by $8.5 trillion while she was Treasury Secretary,” @zerohedge wrote. “In other words, Janet Yellen has personally overseen $16.7 trillion, or 46%, of all the debt increase in the history of the USA. But she is ‘sorry.'”

https://headlineusa.com/u-s-treasury-sec-says-sorry/

We knew from the beginning that she would be a colossal failure.
Click to expand...

Trump’s first administration set the record for largest deficits and additions to the national debt. 👍

The Treasury Secretary does not control government spending or the size of the deficits. 😆 You continue to prove that you are economically illiterate.
 
Rightguide said:

“Falling Off A Cliff”: This Chart Proves That We Are In A Major Economic Downturn Right Now​

TOPICS:Economic CollapseEmploymentMichael Snyder
December 12, 2024

By Michael Snyder

The number of job openings in the United States has been “falling off a cliff”, and that is a major red flag. The last four years have been an economic nightmare for most Americans, and that is one of the primary reasons why Donald Trump won the election. But as we approach 2025, things are starting to get frighteningly bad. When the number of job openings in the U.S. drops by 2 million or more, that normally signals that we are either in a recession or that one is about to happen. Well, as you can see from this chart that was posted by Bravos Research on Twitter, we are witnessing a collapse in job openings that is absolutely unprecedented…

https://activistpost.com/wp-content/uploads/2024/12/Snip20241212_53.png
https://activistpost.com/wp-content/uploads/2024/12/Snip20241212_53-963x1024.png

https://activistpost.com/2024/12/fa...e-in-a-major-economic-downturn-right-now.html
Click to expand...

Dear Moron:

Look at your graph!

Job openings during the Biden administration have been way above historic norms and above the level of Trump’s first administration.

Comrade RightGuide continues to prove he is gullible and economically illiterate. 😆
 
Last edited:

U.S. Manufacturing Sector Slashed 26,000 Jobs in November as Industry Woes Persist​

by Ava Grace, Natural News
December 14, 2024

  • The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October
  • Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain.
  • Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for eight consecutive months.
  • The manufacturing sector faces ongoing challenges, including sluggish global growth, high financing costs, and uncertain U.S. policy, which may persist into 2025.
  • Despite manufacturing struggles, the U.S. economy is projected to grow at a 3.2 percent annual rate in the fourth quarter, with annual pay growth increasing by 4.8 percent.
https://economiccollapse.report/u-s...00-jobs-in-november-as-industry-woes-persist/

Bidenomics
 
Rightguide said:

U.S. Manufacturing Sector Slashed 26,000 Jobs in November as Industry Woes Persist​

by Ava Grace, Natural News
December 14, 2024

  • The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October
  • Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain.
  • Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for eight consecutive months.
  • The manufacturing sector faces ongoing challenges, including sluggish global growth, high financing costs, and uncertain U.S. policy, which may persist into 2025.
  • Despite manufacturing struggles, the U.S. economy is projected to grow at a 3.2 percent annual rate in the fourth quarter, with annual pay growth increasing by 4.8 percent.
https://economiccollapse.report/u-s...00-jobs-in-november-as-industry-woes-persist/

Bidenomics
Click to expand...
Se post #1,012.
 
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