The Economy

[colddiesel]

Bird flu affects 50,000 cows in the state of Nevada

Obviously Biden's fault!

 

[DeluxAuto]

Obviously Biden's fault!

Aren't we still blaming Obama?

 

[Pad_Foot]

Fuck !
No worries !
Eat all the infected chickens and cows!
So will say JFK!!

 

[MajorRewrite]

CPI inflation rate for the 12 months ending in January: 3.0%

Edged up from 2.9% in December.

The cost of housing continues to be a driver of inflation. Is there a concept of a plan to deal with it?

 

[Noitall]

Yes

Deport illegals

Send Degenerate Dumz to GITMO,

less demand=lower prices

 

[Noitall]

This is why it went up

Illegals buying used cars

https://twitter.com/x/status/1889672632238571550

 

[MajorRewrite]

I like these graphics that show what the drivers of inflation really are, so you can ignore the bull spewed by MAGA nitwits.



Does the Clown Show Administration have a concept of a plan for reducing the cost of auto insurance, prescription drugs and rent? No? I didn’t think so.

Note: People’s earnings rose 4.1% over the last 12 months, which is well above the overall inflation rate. ️

I’m glad we have a strong economy. Let’s hope it stays that way.

 

[Noitall]

I like these graphics that show what the drivers of inflation really are, so you can ignore the bull spewed by MAGA nitwits.

View attachment 2492107

Does the Clown Show Administration have a concept of a plan for reducing the cost of auto insurance, prescription drugs and rent? No? I didn’t think so.

Note: People’s earnings rose 4.1% over the last 12 months, which is well above the overall inflation rate. ️

I’m glad we have a strong economy. Let’s hope it stays that way.

Fake news

 

[MajorRewrite]

Fake news

The data is straight from the Trump administration. Noitall/moOHmo says the Trump administration is lying again! The mental gimp doesn’t trust this administration at all.

 

[MajorRewrite]

The labor market remains good.

The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market remained stable early in February.

 

[MajorRewrite]

Producer Price Index, another measure of inflation. Moving a bit in the wrong direction.

On an unadjusted basis, the index for final demand moved up 3.5 percent for the 12 months ended January 2025.

The index for final demand less foods, energy, and trade services rose 0.3 percent in January after moving up 0.4 percent in December. For the 12 months ended in January, prices for final demand less foods, energy, and trade services advanced 3.4 percent.

Trump has called for the Fed to lower rates, but that clearly is a dumb idea. That’s why politicians should never control the Fed.

 

[Noitall]

Why is it a dumb idea

The lower interest rates are the lower we have to pay for debt n more

 

[MajorRewrite]

Why is it a dumb idea

The lower interest rates are the lower we have to pay for debt n more

The Fed has the interest rate relatively high still because inflation is still above the target of 2%.

Lowering the rate now would enable higher inflation.

 

[Noitall]

The Fed has the interest rate relatively high still because inflation is still above the target of 2%.

Lowering the rate now would enable higher inflation.

Lowering rates would unleash a growth spurt and the productivity would quell inflation and would lower interest payments

 

[MajorRewrite]

Lowering rates would unleash a growth spurt and the productivity would quell inflation and would lower interest payments

Lowering rates prematurely would add fuel to inflationary pressure that already exists.

 

[Noitall]

Lowering rates prematurely would add fuel to inflationary pressure that already exists.

Nope

 

[ll74]

Nope

Yep

 

[RoryN]

‘Does He Understand Money?’: Rupert Murdoch’s Wall Street Journal Slams Donald Trump’s Intellect​

https://www.msn.com/en-us/politics/...al-slams-donald-trump-s-intellect/ar-AA1yXSiU

 

[MajorRewrite]

‘Does He Understand Money?’: Rupert Murdoch’s Wall Street Journal Slams Donald Trump’s Intellect​

https://www.msn.com/en-us/politics/...al-slams-donald-trump-s-intellect/ar-AA1yXSiU

The WSJ could be writing about Noitall/moOHmo!

“The layers of intellectual confusion here are hard to parse,” it wrote, before reluctantly going on to try and parse them anyway.

 

[Noitall]

How does hiking rates lower inflation

I know, lowers demand by killing economic activity

Then what you really mean is. Kill economy, lower rates

I say lower rates. Boom economic activity and productivity

Lower inflation

 

[MajorRewrite]

How does hiking rates lower inflation

I know, lowers demand by killing economic activity

Then what you really mean is. Kill economy, lower rates

I say lower rates. Boom economic activity and productivity

Lower inflation

The Wall Street Journal’s response to Trump is a good response to you too …

Under the headline “Trumponomics and Rising Inflation,” the WSJteam went on to systematically dismantle Trump’s mental abilities. “The layers of intellectual confusion here are hard to parse,” it wrote, before reluctantly going on to try and parse them anyway.

“Rising inflation means the Fed must be more cautious in cutting rates,” it said, in a similar tone to that you might find in an eighth grade economics class.

“He has the analysis backward,” they continued, “if he’s trying to blame the Federal Reserve.”

In summary, you have it all backwards. If rates are slashed, the economy would likely boom, but the demand growth would push up inflation too. What you want is exactly what happened when we were coming out of the pandemic, and inflation zoomed.

 

[Noitall]

They

Are

Wrong

Struck in echo chamber

 

[MajorRewrite]

They

Are

Wrong

Struck in echo chamber

That’s MAGA in a nutshell. They think leading economists (and experts of all kinds) are wrong and their own simpleminded beliefs are right.

 

[MajorRewrite]

January retail sales were down from December but up from a year ago.

Advance estimates of U.S. retail and food services sales for January 2025, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $723.9 billion, down 0.9 percent (±0.5 percent) from the previous month, and up 4.2 percent (±0.5 percent) from January 2024. Total sales for the November 2024 through January 2025 period were up 4.2 percent (±0.5 percent) from the same period a year ago. The November 2024 to December 2024 percent change was revised from up 0.4 percent (±0.5 percent)* to up 0.7 percent (±0.3 percent).

 

[Noitall]

That’s MAGA in a nutshell. They think leading economists (and experts of all kinds) are wrong and their own si

what is a leading economist?

mpleminded beliefs are right.