President Joe Biden - Kamala Harris Administration

#33,901
#33,901
GroverCleveland said:
I worry what we're heading towards is not going to be a slow glide into a recession, but an all-out train wreck. If interest rates hit the point where borrowing effectively stops for further investment in facilities, etc. we may get that burning brake smell. Gas prices are falling because of falling demand and it is not because of wholesale conversion to electric cars which would be causing a whole host of other problems. I wish it were because of production rising instead. Is falling demand a leading indicator of falling economic activity as people adjust to inflation?

Don't know and keeping cash on the sidelines for now. Just keep thinking a market crash is coming and want to be ready.
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The saving grace to aid the recovery will be a bunch of us boomers checking out during this pull back so there should be plenty of jobs available for people to occupy when the recovery occurs. Now whether they will be productive and actually perform and fuel a recovery is another story

I’d guess down the road we’re gonna see this crazy unemployment data is related to boomers leaving early. Look at the labor participation rate it’s still well below Feb 2020
 
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#33,903
#33,903
NorthDallas40 said:
The saving grace to aid the recovery will be a bunch of us boomers checking out during this pull back so there should be plenty of jobs available for people to occupy when the recovery occurs. Now whether they will be productive and actually perform and fuel a recovery is another story

I’d guess down the road we’re gonna see this crazy unemployment data is related to boomers leaving early. Look at the labor participation rate it’s still well below Feb 2020
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That is the important number. The unemployment rate has become a farce because of government manipulation.
 
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#33,904
#33,904
GroverCleveland said:
That is the important number. The unemployment rate has become a farce because of government manipulation.
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I think you’re the one that pointed me to it a couple of weeks ago. It’s the only data point that seems to correlate with the real world. Yes there are openings still in really well paying jobs. But they can’t fill them.
 
#33,905
#33,905
GroverCleveland said:
That is the important number. The unemployment rate has become a farce because of government manipulation.
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It is my belief that employers are so severely underwater even with this recession
Which is just getting started btw and the fed rates are just off the starting line

There is no doubt capital projects are going to be rough next year’s
 
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#33,906
#33,906
Vol Main said:
Just to be clear, are you suggesting that an unemployment rate of 3.5% indicates a recession?
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We are arguing over semantics mostly, but no that doesn't. You have to admit that by the definition that has been used for the past... 50 years, we ARE in fact in a recession. But what is interesting to me is that you are hanging your hat on that one metric. So let me ax you... Do you believe with the current inflation rate, that these employment numbers will continue on that transport? And also remember that these are not created jobs, but restored jobs.
 
#33,909
#33,909
I just wish that the Biden Administration's efforts to bring down the price of oil did some good. Oh, wait.

Crude oil prices have tanked to their lowest levels since Russia's invasion of Ukraine

commodity-brent-crude-oil.png
 
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#33,911
#33,911
Vol Main said:
I just wish that the Biden Administration's efforts to bring down the price of oil did some good. Oh, wait.

Crude oil prices have tanked to their lowest levels since Russia's invasion of Ukraine
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you mean his efforts to create a recession?

From the article:

As energy inflation climbed, the Federal Reserve started hiking rates, which makes borrowing for anything from mortgages to credit cards more expensive and encourages people to save, rather than spend — which in theory, helps bring down prices.
But it takes a while for the effects to be felt and the risk is that the central bank raises rates to the point where the economy slows down and even tilts into recession, as demand contracts.
"Growing recession worries ostensibly featured demand-side drag on commodities despite taut supply," Vishnu Varathan, Mizuho Bank's head of economics and strategy, wrote in a Friday note. "The case in point being, to some degree crude oil seems to have caught the chills from this as prices faltered materially."
 
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#33,919
#33,919
Majors said:
That’s great! As a follow up, he also got Covid twice! Winning! That’s called getting it done. If he killed the terrorist, would that also mean he didn’t kill the terrorist during his 8 year run at VP? Or did he need more info like the Bin Laden raid?
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This one is a head-scratcher, man.
 
#33,921
#33,921
lostsheep said:
Lol. Go back and find the Hannity list of trump accomplishments often posted on here and compare.
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Thats not how it works. You made the statement with NO proof or support to back up your claim. So in other words, you are just spouting off claims of your hero. Don't feel bad though, no other low life liberal can list a single positive accomplishment of biden either.
 
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#33,922
#33,922
dovervolz said:
Thats not how it works. You made the statement with NO proof or support to back up your claim. So in other words, you are just spouting off claims of your hero. Don't feel bad though, no other low life liberal can list a single positive accomplishment of biden either.
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Thanks for filling me in on "how it works." I'll say it again...go back and find the oft-referenced list of Hannity's showing trump's so-called accomplishments and get back to me.
 
#33,924
#33,924
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#33,925
#33,925
lostsheep said:
Thanks for filling me in on "how it works." I'll say it again...go back and find the oft-referenced list of Hannity's showing trump's so-called accomplishments and get back to me.
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We'll just take that as your admissìon that you cant find any positive accomplishments of biden and that yout only response is but ,but, trump. You are nothing but a lazy troll.
 
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