This has been a vivid eg of sound / effective fiscal spending in action to stimulate GDP growth, job creation, as well as to mitigate global supply chain disruptions; despite not having control of the House, the CHIP act was passed in 2022. News from last week News today, U.S. Funds Samsung $6.4 billion to build new chip factories in Texas, Austin / Taylor The Samsung deal includes around $40 million for job training, and the government expects the project to create over 17,000 construction jobs and 4,500 manufacturing positions in the next five years, according to a press release from the Commerce Department. If only Invisible give eg in support his parroted positions, such as the Fed is wrecking its balance sheet,
Inflation is down and could go down even further. The "undecideds" may not be paying much attention until Labor Day, like most POTUS elections.
unsolicited corroboration from the IMF on the effectiveness / efficiency of Bidenomics https://twitter.com/IMFNews?
These ongoing layoffs in tech, retail and restaurant industries during a strong economy could be disinflationary? At least shareholders love the move.
Employment in leisure and hospitality trended up in March (+49,000) and has returned to its pre-pandemic February 2020 level. Over the prior 12 months, job growth in the industry had averaged 37,000 per month. https://www.bls.gov/news.release/empsit.nr0.htm The same low iq donks who claimed the economy was on the brink of collapse in 2022 are back to spewing disinformation. Hilarious how people never learn
I wasn't sure what a donk was, but it sounded fetch. https://www.urbandictionary.com/define.php?term=Donk I knew @astros123 was a half-wit drama queen, but he's also a size queen too? Ohhh myyyy
.. lol of course you would take Obama economic numbers when we had zero growth, stagnant wages, widening trade deficits and a massive manufacturing recession. It's insane how utterly stupid people are about economic trends. Blows my mind away how braindead dumb Americans are
Don't make braindead comments so I won't have to use the word? We lost an entire decade of growth under Obama cuz of his austerity. The military fell decades behind and we lost massive ground to China in everything. Obama economic tenure was a massive failure on every level. I'll never understand how folks think Obama was a good president on any level.
Pretty sure inflation has decreased from the highs of 2022/2023. It was decreasing and now it’s increasing as gas has been rising due to geopolitical tensions, increased insurance costs, and still high housing costs.
Tech for sure. Kinda surprised tech hasn’t been worse considering we’ve had more than a decade of free money, but they’ve corrected. Then again, the AI revolution seems to be legit and is driving a lot of new capex spending.
Big tech is laying off while hiring with the AI shift in mind. I suppose those sloughed off are then sloppy seconds for ecommerce and enterprise tech but there are still layoffs from a relatively higher interest rate environment when many well known tech companies are not running profits that justify their market cap. You'll def hear more about competition among fast food giants with their prices pushing towards "fast casual" prices like Chipotle. Messaging will be interesting for this one as no one can credibly claim a soft landing when it happens, as we've witnessed when this year began. At least half a year after the fact. https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024
Micron Technology next in line to get $ Billions-award from the CHIP Act, for new plants in NY & Idaho
Every government spending program further enriches Washington elites. It's not about making our lives better; it's about theirs.
