The Economy

[Rightguide]

The remarkable performance of the stock market during the Biden administration continues.

You're blind as a bat and totally ignorant of the world around you.

 

[MajorRewrite]

You're blind as a bat and totally ignorant of the world around you.

That’s how these things are measured. I’m sorry that the real world upsets you so much.

 

[Rightguide]

BOOM! That Was Quick: Vladimir Putin Says Russia Is Not Abandoning the US Dollar (Video)​

by Jim Hoft Nov. 8, 2024 9:30 am

https://www.thegatewaypundit.com/2024/11/boom-that-was-quick-vladimir-putin-says-russia/

Putin was listening when Trump pledged to put a 100% tariff on any country who refused to do business in Dollars. Trump is good for America and good for the Dollar.

 

[ll74]

Total 100% BS, The DOJ and the White House conspired with the Trump prosecutions in DC, Georgia, and in NYC. There is no doubt.

I'm sure you have proof.

Haitians are eating your pets.

 

[Politruk]

That’s how these things are measured. I’m sorry that the real world upsets you so much.

No, they're not. The stock market is NOT a good indicator of economic health.

The best indicator is average real earnings.

 

[Politruk]

Total 100% BS, The DOJ and the White House conspired with the Trump prosecutions in DC, Georgia, and in NYC. There is no doubt.

If that were true, they would not now so easily give up on those.

 

[MajorRewrite]

No, they're not. The stock market is NOT a good indicator of economic health.

The best indicator is average real earnings.

Your comment has nothing to do with mine.

 

[MajorRewrite]

BOOM! That Was Quick: Vladimir Putin Says Russia Is Not Abandoning the US Dollar (Video)​

by Jim Hoft Nov. 8, 2024 9:30 am

https://www.thegatewaypundit.com/2024/11/boom-that-was-quick-vladimir-putin-says-russia/

Putin was listening when Trump pledged to put a 100% tariff on any country who refused to do business in Dollars. Trump is good for America and good for the Dollar.

Russia isn’t changing a thing, and that is somehow a giant triumph for someone? Okay.

 

[Lazaran]

Russia isn’t changing a thing, and that is somehow a giant triumph for someone? Okay.

Another "big win" for the RWCJ.

Of course, the average RWCJ "member" will let DonOld kick them in the crotch and call it a "big win".

 

[Rightguide]

The remarkable performance of the stock market during the Biden administration continues.

Now tell us about the remarkable economy in those markets faced daily by the American consumer writ large.

 

[MajorRewrite]

Now tell us about the remarkable economy in those markets faced daily by the American consumer writ large.

That’s what this thread is. Scroll back to see economic data reported as it was released. Not that you’ll believe any of it, because you don’t accept reality.

If you want a summary of recent data:

• Inflation (PCE) over the last 12 months: 2.1%
• 4,479,000 jobs created from January 2023 to August 2024
• There are now 7,400,000 job openings available to anyone looking for a job
• Unemployment rate 4.1% (longest run of low unemployment since the 1960s)
• One quarter of the total value of the Dow Jones Industrial Average was created just during the Biden Administration

Thanks for asking. It’s helpful to get good news gathered in one spot.

 

[MajorRewrite]

A shadow ‘financial crisis’ has cost the world $2 trillion

The report from the International Chamber of Commerce, which comes as the United Nations Climate Change Conference begins in Azerbaijan this week, estimated that the total cost of damage from climate-related extreme weather events globally was approximately $2 trillion between 2014 and 2023 – roughly in line with the economic toll of the 2008 global financial crisis.

 

[MajorRewrite]

A thorough and enlightening analysis:

Inflation-Adjusted Wages are Higher than Ever

This high employment has helped spur continued inflation-adjusted wage growth, boosting wages to record highs. Wages have outpaced inflation since before the COVID-19 pandemic, which means that the earning power of households and communities is ahead of where it was before the pandemic.

After adjusting for inflation, an hour of work not only earns workers a higher wage than before the recession, but it also earns a higher wage than at any point in U.S. history.

 

[Rightguide]

Democrats pissed off that Trump flipped ten counties and the people voted for new crime enforcement plan to raise gasoline taxes by 65 cents per gallon to what is already the most expensive gas in the lower 48. When will the people of California kick the Democrat Party to the curb?

https://twitter.com/x/status/1855133088340435226

 

[MajorRewrite]

Updated Wed, Nov 6 20244:27 PM EST
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Dow soars 1,500 points to record high in best day since 2022 after Trump election win: Live updates​

Yun Li
Jesse Pound

https://www.cnbc.com/2024/11/05/stock-market-today-live-updates.html

Trump all ready at work repairing the economy and he hasn't even been sworn in yet. The mere knowledge of his political presence moves the markets that Biden/Harris have hamstrung.

Was yesterday’s dip in the markets part of the “Trump effect” or does that only apply to market gains?

“The mere knowledge of his political presence moves the markets!”

(Which is why it’s dumb to pretend the daily fluctuations of the stock markets have any significance).

 

[MajorRewrite]

Interesting. This says the “Trump effect” is driving down stock markets around the world.

Rest of world’s markets broken by Trump’s America-first plan

Equities excluding the US are tumbling, with an MSCI gauge at its lowest in three months. An index of developing-market currencies has lost more than 1% following the US election, coming close to erasing this year’s gains. European stocks and the euro have flopped.

Wednesday is shaping up to be another grim day, with an MSCI benchmark for Asian stocks sliding more than 1% and setting the stage for a weak session in Europe. Shares in South Korea were headed for a one-year low as foreigners sell companies like Samsung Electronics Co. (005930.KS) that are vulnerable to trade protectionism.

 

[MajorRewrite]

More “Trump effect”:

Inflation worries come back to haunt bond strategists after Trump victory: Reuters poll

Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters poll found, as the risk of a U.S. inflation resurgence escalates.

Since Trump's victory, the benchmark U.S. 10-year Treasury yield has risen nearly 15 basis points. That stems from expectations of his proposed policies of tax cuts and tariffs, which, according to estimates from the Committee for a Responsible Federal Budget, could push up U.S. fiscal debt by $7.75 trillion over the next decade.

 

[lessOHmo]

Harris inflation rares it's ugly head

More “Trump effect”:

Inflation worries come back to haunt bond strategists after Trump victory: Reuters poll

CamelHo inflation uncheckef

 

[MajorRewrite]

October inflation data meets forecasts, keeping Fed on track for December rate cut

The latest data from the Bureau of Labor Statistics released Wednesday morning showed that the Consumer Price Index (CPI) increased 2.6% over the prior year in October, a slight uptick from September's 2.4% annual gain in prices. The yearly increase matched economist expectations.

 

[lessOHmo]

Harris inflation rares it's ugly head

CamelHo inflation uncheckef

 

[MajorRewrite]

The cost of groceries only increased 1.1% over the last 12 months.

And gasoline prices are down 12.2% over the last 12 months.

https://www.bls.gov/news.release/cpi.t02.htm

 

[Rightguide]

Biden’s swamp record: $1.8 trillion in regulations, 800x Trump​

ByPaul Bedard
https://www.facebook.com/sharer.php...ecord-1-8-trillion-in-regulations-800x-trump/
November 14, 2024 9:47 am
.
All eyes in Washington, D.C., are turning to President-elect Donald Trump’s promise to cut Obama- and Biden-era federal regulations now that the choking price tag for the current administration’s red tape has been partially tabulated.

According to American Action Forum, the cost of President Joe Biden’s significant regulations pushed on America by several agencies is $1.8 trillion, a shocking amount when compared to the $1.2 billion Trump’s regulations cost.

Even former President Barack Obama kept his regulatory burden to under $500 billion.

https://www.washingtonexaminer.com/...ecord-1-8-trillion-in-regulations-800x-trump/

This is how Joe Biden crippled our economy and one way Trump will heal it.

 

[Politruk]

This is how Joe Biden crippled our economy and one way Trump will heal it.

Deregulation ain't gonna heal nuttin'!

 

[Lazaran]

compared to the $1.2 billion Trump’s regulations cost.

former President Barack Obama kept his regulatory burden to under $500 billion.

Rightard

 

[MajorRewrite]

October retail sales top estimates, September spending revised sharply higher

October retail sales grew from the prior month, reflecting continued resilience in the American consumer.

Retail sales rose 0.4% in October. Economists had expected a 0.3% spending, according to Bloomberg data. Meanwhile, retail sales in September were revised up to a 0.8% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data.