The Economy

Biden did a great job with the US Economy, especially when you consider all the partisan obstructionism he faced.

Too bad he’s not re-offering.
 


Not bad, considering DonOld and the RWCJ usual suspects screamed and wailed that the U.S. economy would totally collapse / implode when President Biden and Vice President Harris took office THEEE AND A HALF YEARS AGO - and considering that DonOld and the RWCJ usual suspects (along with Putin and corporate greedflation, etc) did everything in their power to sabotage things.

Thanks President Biden, Vice President Harris, and Democratic Party leadership!!!

👍

🇺🇸
 
Jobless claims fall to lowest level in nearly a month

New data from the Department of Labor showed 227,000 initial jobless claims were filed in the week ending Oct. 19, down from 241,000 the week prior.
The declining amount of weekly unemployment claims falls in line with other labor reports which have shown while the hiring and quit rates have both fallen this year, leading to low worker turnover, layoffs aren't happening at a rate that is alarming to economists.
 
Remember when DonOld said your savings would crumble !??
But ?? What percentage of Americans are invested in the markets?
Who has the majority of all that money??
 
Amazon will be announcing quarterly results on Halloween night after the markets close.
Should be interesting, maybe a bit spooky.

One minority hedge fund sent a public letter to Amazon, accusing them of apostasy (failing to maximize shareholder value).
They specifically said that the retail prices charged at Amazon's Whole Foods acquisition are not "high enough" and the company should either raise prices at stores (!!!) or spin the unit off because Whole Foods are a drag on earnings.

Amazon has a bit of a market anomaly...their "Amazon Basics" product line (cheap Chinese knockoffs of popular stuff sold on Amazon like USB cables, batteries and kitchen stuff) are sold essentially "at cost" (i.e. no markup) solely to prevent certain companies (i.e. Walmart and Target) from increasing online market share in America. Amazon acknowledges this and Wall Street lowers earning expectations accordingly, they recognize this as a long-term "firewall" against competition.

Amazon "artificial intelligence" mega-investments lag fare behind those of Google and Apple (although I had a purchase issue with Amazon that had me interact with Rufus....Amazon's A.I. pseudo-AI chatbot that was resolved quickly and painlessly). Yes, I know that's anecdotal, but it's also my first positive experience with retail AI.
 
... or boredom over the economic illiteracy on display this morning which forces me to amuse myself since I find a lot of y'all droll and unamusing...
 
Biden did a great job with the US Economy, especially when you consider all the partisan obstructionism he faced.

Too bad he’s not re-offering.
He did so good, there's nothing left to be done!

So you can plug anybody into the slot and they would do just fine, as long as,

;) ;)

they keep ignoring Musk and the million-man-math-method count of garbage pail kids who don't matter....
 
AJ would like to remind everyone that he is NOT busybody.

This is very important to him.
 
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