Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period.
Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
0
Consumer optimism rising!
Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period.
Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
Quote Originally Posted by nature1970: His administration has created more jobs in 2 years than any administration in 4 years. His policies ate driving unemployment to lowest ever recorded. Interest rates are still at record lows, Inflation has drastically dropped closing in at 3 %. He states investments in technology, agriculture, sustainable bio fuel sources, aquaculture farming salmon. Building this back bigger Down to the semiconductor chops made in Maine. Driving the supply chain of this nation. @nature1970 and so much more for americans and still a yr and a half in his first term left !!
And yet you dopey lefties still pretend as though the pandemic never existed.
Where were you ?
Figure out how many jobs had to be "" regained "" just to get us back to 2020 March levels...
1
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by nature1970: His administration has created more jobs in 2 years than any administration in 4 years. His policies ate driving unemployment to lowest ever recorded. Interest rates are still at record lows, Inflation has drastically dropped closing in at 3 %. He states investments in technology, agriculture, sustainable bio fuel sources, aquaculture farming salmon. Building this back bigger Down to the semiconductor chops made in Maine. Driving the supply chain of this nation. @nature1970 and so much more for americans and still a yr and a half in his first term left !!
And yet you dopey lefties still pretend as though the pandemic never existed.
Where were you ?
Figure out how many jobs had to be "" regained "" just to get us back to 2020 March levels...
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
seeing it all around our community and city
things r gettin better
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
0
Quote Originally Posted by fubah2:
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
seeing it all around our community and city
things r gettin better
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by fubah2:
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
I am sure your republican friends are hard at work trying to destroy America...tell em yhey need to double there efforts because the strategy has failed....
Biden economics is working unemployment is lowest ever. Interest rates haven't even approached pre 911 levels and inflation is at 4 % Carters double digit emunemployment interest and inflation.... that was a recession. But I a. Sure the spin propagandist from the right will xome up with something to wine about.
@nature1970
not fast enough for some
they cry foul bcuz biden team isnt fixing the mess the repos left fast enuf
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by nature1970:
I am sure your republican friends are hard at work trying to destroy America...tell em yhey need to double there efforts because the strategy has failed....
Biden economics is working unemployment is lowest ever. Interest rates haven't even approached pre 911 levels and inflation is at 4 % Carters double digit emunemployment interest and inflation.... that was a recession. But I a. Sure the spin propagandist from the right will xome up with something to wine about.
@nature1970
not fast enough for some
they cry foul bcuz biden team isnt fixing the mess the repos left fast enuf
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
But even though consumers have been feeling more peppy in recent months, that doesn’t necessarily mean they will continue to spend.
“Despite feeling more optimistic about the economy, consumers are spending more cautiously,” wrote Lydia Boussour, senior economist at EY-Parthenon, in an analyst note. “With employment and household disposable income growth expected to moderate in the second half of the year, the slowdown in consumer spending will accelerate as the buffer from excess savings shrinks, student loan repayments restart, and credit conditions tighten further.”
1
Quote Originally Posted by fubah2:
Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
But even though consumers have been feeling more peppy in recent months, that doesn’t necessarily mean they will continue to spend.
“Despite feeling more optimistic about the economy, consumers are spending more cautiously,” wrote Lydia Boussour, senior economist at EY-Parthenon, in an analyst note. “With employment and household disposable income growth expected to moderate in the second half of the year, the slowdown in consumer spending will accelerate as the buffer from excess savings shrinks, student loan repayments restart, and credit conditions tighten further.”
Consumer spending figures released Friday showed that spending picked up 0.5% in June from the prior month, compared with a revised 0.2% increase in May. Consumer spending is the main engine of the economy, accounting for about two-thirds of output, and much of it hinges on the state of the labor market.
1
Consumer spending figures released Friday showed that spending picked up 0.5% in June from the prior month, compared with a revised 0.2% increase in May. Consumer spending is the main engine of the economy, accounting for about two-thirds of output, and much of it hinges on the state of the labor market.
Things looking good, unless you ask everyday Americans still dealing w inflation. What you dopey lefts don't realize is that inflation readings are on top of the ridiculous nearly 10% reading from year ago. Are you w me ??
And oh yeah, your s&p 500 that you're celebrating has never been as expensive , except for the financial and dot bomb crises.
Don't forget to press the sell button.
0
Things looking good, unless you ask everyday Americans still dealing w inflation. What you dopey lefts don't realize is that inflation readings are on top of the ridiculous nearly 10% reading from year ago. Are you w me ??
And oh yeah, your s&p 500 that you're celebrating has never been as expensive , except for the financial and dot bomb crises.
Quote Originally Posted by fubah2: Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
spending stimulates the economy
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
spending stimulates the economy
@KellyM_1964
True, and that is despite the spending being from an increase in debt.
1
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Consumer optimism rising! Indeed, recent data continue to reflect inflation slowing. The Federal Reserve’s favorite inflation measure — the Personal Consumption Expenditures price index — rose 3% in June from a year earlier, a slower pace than the prior month’s 3.8% annual rise. Meanwhile, the core index rose 4.1%, down from a 4.6% rise, during the same period. Other sentiment surveys have also reflected rising optimism, in part due to inflation’s recent slowdown. The Conference Board’s monthly Consumer Confidence Index increased for the third consecutive month in July, hitting 117 from 110.1 the month before. A survey of economists and analysts released by the National Association for Business Economics this week showed that businesses have rejoiced in better economic conditions, such as rising sales and profits combined with declining material costs.
spending stimulates the economy
@KellyM_1964
True, and that is despite the spending being from an increase in debt.
Consumer spending figures released Friday showed that spending picked up 0.5% in June from the prior month, compared with a revised 0.2% increase in May. Consumer spending is the main engine of the economy, accounting for about two-thirds of output, and much of it hinges on the state of the labor market.
It's very true and vital to the US economy.
0
Quote Originally Posted by fubah2:
Consumer spending figures released Friday showed that spending picked up 0.5% in June from the prior month, compared with a revised 0.2% increase in May. Consumer spending is the main engine of the economy, accounting for about two-thirds of output, and much of it hinges on the state of the labor market.
Quote Originally Posted by KellyM_1964: Quote Originally Posted by nature1970: His administration has created more jobs in 2 years than any administration in 4 years. His policies ate driving unemployment to lowest ever recorded. Interest rates are still at record lows, Inflation has drastically dropped closing in at 3 %. He states investments in technology, agriculture, sustainable bio fuel sources, aquaculture farming salmon. Building this back bigger Down to the semiconductor chops made in Maine. Driving the supply chain of this nation. @nature1970 and so much more for americans and still a yr and a half in his first term left !! And yet you dopey lefties still pretend as though the pandemic never existed. Where were you ? Figure out how many jobs had to be "" regained "" just to get us back to 2020 March levels...
Inflation has fallen to 3% in July 2023.
From 6 % in Jan 2023.
No where near the nearly 14 % rate in 1980...
Unemployment in 1980 7.5%
Today 2.3%
The fed fund interest rate 1980 17%
Today's interest rate.5=5.25 on prime rate.
Stock market down Jones in 1980 943.
Today....33919...
That was a recession in 1980.
Today it is comical to even compare it to the Carter administration....
Reaguns answer run deficit spending to reinvigorate the economy....
Today, answer whine cry pout .....spin a cookie and run a false narrative deflect to anything but the econo mm y actual numbers. And try to make americans feel scared......
So do you have any actual facts of a recession type economy that we all start thinking bearish instead of bullish..... or just another republican false statement because the truth is the economy always does better with democrats in the white house than with a republican in charge. With the exception of Reagan....in the last 100 years.
0
Quote Originally Posted by Rush51:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by nature1970: His administration has created more jobs in 2 years than any administration in 4 years. His policies ate driving unemployment to lowest ever recorded. Interest rates are still at record lows, Inflation has drastically dropped closing in at 3 %. He states investments in technology, agriculture, sustainable bio fuel sources, aquaculture farming salmon. Building this back bigger Down to the semiconductor chops made in Maine. Driving the supply chain of this nation. @nature1970 and so much more for americans and still a yr and a half in his first term left !! And yet you dopey lefties still pretend as though the pandemic never existed. Where were you ? Figure out how many jobs had to be "" regained "" just to get us back to 2020 March levels...
Inflation has fallen to 3% in July 2023.
From 6 % in Jan 2023.
No where near the nearly 14 % rate in 1980...
Unemployment in 1980 7.5%
Today 2.3%
The fed fund interest rate 1980 17%
Today's interest rate.5=5.25 on prime rate.
Stock market down Jones in 1980 943.
Today....33919...
That was a recession in 1980.
Today it is comical to even compare it to the Carter administration....
Reaguns answer run deficit spending to reinvigorate the economy....
Today, answer whine cry pout .....spin a cookie and run a false narrative deflect to anything but the econo mm y actual numbers. And try to make americans feel scared......
So do you have any actual facts of a recession type economy that we all start thinking bearish instead of bullish..... or just another republican false statement because the truth is the economy always does better with democrats in the white house than with a republican in charge. With the exception of Reagan....in the last 100 years.
Quote Originally Posted by nature1970: 1/president-biden-remarks-maine Bidens45 minute speech. Maine. @nature1970 didnt see the speech so how did president biden do in maine ??
I didn't go to any event. But I did watch link of the speech.
This is a link to speech at private fund raising event. https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/07/29/remarks-by-president-biden-at-a-campaign-reception-freeport-me/
0
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by nature1970: 1/president-biden-remarks-maine Bidens45 minute speech. Maine. @nature1970 didnt see the speech so how did president biden do in maine ??
I didn't go to any event. But I did watch link of the speech.
This is a link to speech at private fund raising event. https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/07/29/remarks-by-president-biden-at-a-campaign-reception-freeport-me/
Anyone want to take a guess at how well consumer debts and credit card debts are going for Americans under Biden? Since UI is sooo low and the economy is sooo great under biden, anyone want to take a guess at how debts are going? We must be paying debts down, right?! I mean, inflation is cooling (some of you still think inflation is coming down since you get tricked by headlines), unemployment is at the lowest it's ever been, right?! (are there any stats on how many jobs are currently people's 2nd or 3rd?? Or how many "job creations" are actually low paying, low skill jobs that people have taken as their 2nd or 3rd??)...
0
Anyone want to take a guess at how well consumer debts and credit card debts are going for Americans under Biden? Since UI is sooo low and the economy is sooo great under biden, anyone want to take a guess at how debts are going? We must be paying debts down, right?! I mean, inflation is cooling (some of you still think inflation is coming down since you get tricked by headlines), unemployment is at the lowest it's ever been, right?! (are there any stats on how many jobs are currently people's 2nd or 3rd?? Or how many "job creations" are actually low paying, low skill jobs that people have taken as their 2nd or 3rd??)...
Ok I will play that game with you. Under which president has the US consumer reduced their debt levels? And what about the fact that the US consumer did benefit under Trump and Obama due to ZIRP? How much did the consumer pay down when rates were super low, refi rates were super super super low and credit was free flowing for 15 years?
The answer is the consumer does not have the proper long term mindset about reducing and eliminating non-housing debt, we are a society of immediate consumption and corps market the concept of buy buy buy and that is why the stock market is where it is and debt is where it is.
If anything the FED has screwed Biden with raising rates, it hampers government debt and restricts access to mortgages and refi piggy banks. Trump had the most pristine and easy credit/rate environment in the history of this country...yet what did they do? They flipped to ultra short term debt and kept running it up, debt ceiling raises like crazy.
2
@BigGame90
Ok I will play that game with you. Under which president has the US consumer reduced their debt levels? And what about the fact that the US consumer did benefit under Trump and Obama due to ZIRP? How much did the consumer pay down when rates were super low, refi rates were super super super low and credit was free flowing for 15 years?
The answer is the consumer does not have the proper long term mindset about reducing and eliminating non-housing debt, we are a society of immediate consumption and corps market the concept of buy buy buy and that is why the stock market is where it is and debt is where it is.
If anything the FED has screwed Biden with raising rates, it hampers government debt and restricts access to mortgages and refi piggy banks. Trump had the most pristine and easy credit/rate environment in the history of this country...yet what did they do? They flipped to ultra short term debt and kept running it up, debt ceiling raises like crazy.
South Carolina is still 7.25 minimum wage ! Why aren’t Scott & Nikki bragging about this in stead of attacking the guy form Florida …..Not Trump …No there hammering the Governor!….Hoping for a VP job in the near future!
0
@BigGame90
South Carolina is still 7.25 minimum wage ! Why aren’t Scott & Nikki bragging about this in stead of attacking the guy form Florida …..Not Trump …No there hammering the Governor!….Hoping for a VP job in the near future!
Since everyone seems to love "the rise of the rate increase" nonsense, which President has had the fastest rate of increase in debts?? How's the progress coming on the "inflation reduction" act? Any updates?
0
@wallstreetcappers
Ok, we can play the question game...
Since everyone seems to love "the rise of the rate increase" nonsense, which President has had the fastest rate of increase in debts?? How's the progress coming on the "inflation reduction" act? Any updates?
I think if you pull up a 20 year chart on the debt levels, that chart looks like a bull market higher, so semantics about who did more is silly, they all have done more.
To me the issue as I have raised it here many times is the approach government has with regards to debt. When rates are low you are supposed to borrow less and payback more since the interest cost is lower then pay more principal...kind of like a 15 yr vs a 30 yr mortgage. Obama and Trump but especially Trump had the lowest interest rates in how long, maybe the longest time in history and yet that meant more spending not consolidation and reduction. The FED gave both Obama and Trump a gift for over a decade and like the US consumer neither party really cares about fiscal responsibility. The last president that gave a crap about it was Clinton and that took closing military bases and reducing the military budget...but no way is a GOP congress or president going to reduce military spending and cash flows for defense contractors.
I knew this day would come that rates would crush the government and that is why the US was downgraded a few weeks ago, our interest costs are a straight line up, but neither party gives a crap about debt or carry costs...so saying Biden or saying Trump or saying Obama is pretty stupid, they all suck.
2
@BigGame90
I think if you pull up a 20 year chart on the debt levels, that chart looks like a bull market higher, so semantics about who did more is silly, they all have done more.
To me the issue as I have raised it here many times is the approach government has with regards to debt. When rates are low you are supposed to borrow less and payback more since the interest cost is lower then pay more principal...kind of like a 15 yr vs a 30 yr mortgage. Obama and Trump but especially Trump had the lowest interest rates in how long, maybe the longest time in history and yet that meant more spending not consolidation and reduction. The FED gave both Obama and Trump a gift for over a decade and like the US consumer neither party really cares about fiscal responsibility. The last president that gave a crap about it was Clinton and that took closing military bases and reducing the military budget...but no way is a GOP congress or president going to reduce military spending and cash flows for defense contractors.
I knew this day would come that rates would crush the government and that is why the US was downgraded a few weeks ago, our interest costs are a straight line up, but neither party gives a crap about debt or carry costs...so saying Biden or saying Trump or saying Obama is pretty stupid, they all suck.
20/20 vision tells you that Hunter sold the illusion of access, while Ivanka and Jared sold actual access. They must've been better salesmen since they made billions. And Republicans are the best at it, except when it comes to the public they don’t pass the salt! are the party of No.
1
20/20 vision tells you that Hunter sold the illusion of access, while Ivanka and Jared sold actual access. They must've been better salesmen since they made billions. And Republicans are the best at it, except when it comes to the public they don’t pass the salt! are the party of No.
Joe not to bash on Biden here because all the kiddies stole from the cookie jar, Trumps kiddos and Biden, that said you cant compare the intelligence and abilities of Biden and his kid to the Trumps, there is no comparison. Joe is a slimy kind of stupid politician who really never accomplished much until the DNC took the nod away from Bernie, Biden was like 5th and then they all quit and shifted their skittles to Biden, but Bernie was the one who should have won. Prior to that Biden tried several times and was always one of the bottom losers, he is not very smart and has no pedigree outside of being a lifer from Delaware. His kid is a druggie idiot who would probably be in jail somewhere if Biden was an average citizen working a 9-5. Trump made sure his kids were better educated and given opportunities versus Hunter who lived a life of needles and hookers.
Its kind of silly to discuss Biden and try to give him any sort of credit or praise, the guy is a loser and his kid is worse.
0
@joe pockets
Joe not to bash on Biden here because all the kiddies stole from the cookie jar, Trumps kiddos and Biden, that said you cant compare the intelligence and abilities of Biden and his kid to the Trumps, there is no comparison. Joe is a slimy kind of stupid politician who really never accomplished much until the DNC took the nod away from Bernie, Biden was like 5th and then they all quit and shifted their skittles to Biden, but Bernie was the one who should have won. Prior to that Biden tried several times and was always one of the bottom losers, he is not very smart and has no pedigree outside of being a lifer from Delaware. His kid is a druggie idiot who would probably be in jail somewhere if Biden was an average citizen working a 9-5. Trump made sure his kids were better educated and given opportunities versus Hunter who lived a life of needles and hookers.
Its kind of silly to discuss Biden and try to give him any sort of credit or praise, the guy is a loser and his kid is worse.
@BigGame90 Ok I will play that game with you. Under which president has the US consumer reduced their debt levels? And what about the fact that the US consumer did benefit under Trump and Obama due to ZIRP? How much did the consumer pay down when rates were super low, refi rates were super super super low and credit was free flowing for 15 years? The answer is the consumer does not have the proper long term mindset about reducing and eliminating non-housing debt, we are a society of immediate consumption and corps market the concept of buy buy buy and that is why the stock market is where it is and debt is where it is.
If anything the FED has screwed Biden with raising rates
it hampers government debt and restricts access to mortgages and refi piggy banks.
Trump had the most pristine and easy credit/rate environment in the history of this country...yet what did they do? They flipped to ultra short term debt and kept running it up, debt ceiling raises like crazy.
0
Quote Originally Posted by wallstreetcappers:
@BigGame90 Ok I will play that game with you. Under which president has the US consumer reduced their debt levels? And what about the fact that the US consumer did benefit under Trump and Obama due to ZIRP? How much did the consumer pay down when rates were super low, refi rates were super super super low and credit was free flowing for 15 years? The answer is the consumer does not have the proper long term mindset about reducing and eliminating non-housing debt, we are a society of immediate consumption and corps market the concept of buy buy buy and that is why the stock market is where it is and debt is where it is.
If anything the FED has screwed Biden with raising rates
it hampers government debt and restricts access to mortgages and refi piggy banks.
Trump had the most pristine and easy credit/rate environment in the history of this country...yet what did they do? They flipped to ultra short term debt and kept running it up, debt ceiling raises like crazy.
@joe pockets Joe not to bash on Biden here because all the kiddies stole from the cookie jar, Trumps kiddos and Biden, that said you cant compare the intelligence and abilities of Biden and his kid to the Trumps, there is no comparison. Joe is a slimy kind of stupid politician who really never accomplished much until the DNC took the nod away from Bernie, Biden was like 5th and then they all quit and shifted their skittles to Biden, but Bernie was the one who should have won. Prior to that Biden tried several times and was always one of the bottom losers, he is not very smart and has no pedigree outside of being a lifer from Delaware. His kid is a druggie idiot who would probably be in jail somewhere if Biden was an average citizen working a 9-5. Trump made sure his kids were better educated and given opportunities versus Hunter who lived a life of needles and hookers. Its kind of silly to discuss Biden and try to give him any sort of credit or praise, the guy is a loser and his kid is worse.
0
Quote Originally Posted by wallstreetcappers:
@joe pockets Joe not to bash on Biden here because all the kiddies stole from the cookie jar, Trumps kiddos and Biden, that said you cant compare the intelligence and abilities of Biden and his kid to the Trumps, there is no comparison. Joe is a slimy kind of stupid politician who really never accomplished much until the DNC took the nod away from Bernie, Biden was like 5th and then they all quit and shifted their skittles to Biden, but Bernie was the one who should have won. Prior to that Biden tried several times and was always one of the bottom losers, he is not very smart and has no pedigree outside of being a lifer from Delaware. His kid is a druggie idiot who would probably be in jail somewhere if Biden was an average citizen working a 9-5. Trump made sure his kids were better educated and given opportunities versus Hunter who lived a life of needles and hookers. Its kind of silly to discuss Biden and try to give him any sort of credit or praise, the guy is a loser and his kid is worse.
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Trump had the most pristine and easy credit/rate environment in the history of this country...yet what did they do? They flipped to ultra short term debt and kept running it up, debt ceiling raises like crazy.
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