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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. Amiga

    Amiga Member

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    Here is the historical homeownership rate in the US since 1891: https://dqydj.com/historical-homeownership-rate-united-states/

    Since the 1970s, the homeownership rate has hovered around 63-69%. It reached 69% (its peak) in 2004. It declined to 63% (in 2016) after the housing bust and the Great Recession. It climbed to 68% when interest rates were ultra low in the early 2020s, but went down to 65% with the pandemic. It is now at 65.9% (as of April 2023).

    As you can see, current homeownership rate is not currently at the lowest level in decades.

    If current level of homeownership of ~66% is evidence for "the economy is teetering on the brink of disaster," the economy was in disaster for most of US history when home ownership was well below 63% every decade before the 1970s.
     
    dmoneybangbang and Corrosion like this.
  2. StupidMoniker

    StupidMoniker I lost a bet

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    All of those countries.
    U.S. Inflation Rate 1960-2023 | MacroTrends - 2020: 1.23, 2021: 4.70, 2022: 8.00
    Germany Inflation Rate 1960-2023 | MacroTrends - 2020: 0.14, 2021: 3.07, 2022: 6.87
    Japan Inflation Rate 1960-2023 | MacroTrends - 2020: -0.03, 2021: -0.23, 2022: 2.50
    Canada Inflation Rate 1960-2023 | MacroTrends - 2020: 0.72, 2021: 3.40, 2022: 6.80
    U.K. Inflation Rate 1960-2023 | MacroTrends - 2020: 0.99, 2021: 2.52, 2022: 7.92
    China Inflation Rate 1987-2023 | MacroTrends - 2020: 2.42, 2021: 0.98, 2022: 1.97
     
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  3. No Worries

    No Worries Member

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  4. adoo

    adoo Member

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    if only you'd read the content.

    all of your links do not have data for 2023.
     
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  5. adoo

    adoo Member

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    someone who has been disoriented hanging to a branch to an economic tree, clueless as to the state of the economic forest of facts.

    your self-portrait!
     
  6. StupidMoniker

    StupidMoniker I lost a bet

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    2023 isn't over yet, so they can't have data for annual inflation for 2023.
     
  7. adoo

    adoo Member

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    that is so typical of you, linking to a reference sources w a title that includes 2023, but data shown does not include 2023.

    we into the 9th month in 2023.

    bluntly put, the incomplete data to which you referenced is half-assed.

    by the way, inflation data is current, not just for the whole year

    for inflation, if you include the 2023 data, you'll see the US has been trending down, from a high of nearing 9% in mid 2022, to near 3.2% om Jun/Jul 2023

    if you analyze the same data for other major economy, they are not fending off inflation as well as the US
     
    #547 adoo, Sep 3, 2023
    Last edited: Sep 3, 2023
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  8. StupidMoniker

    StupidMoniker I lost a bet

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    You are free to run down up to the minute inflation stats for all of those countries if you like, the source I could find had annual inflation numbers and the question was regarding inflation over the last three years.
     
  9. adoo

    adoo Member

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    this amounts to an admission that your referenced links were incomplet, half assed





    a dead give away that you have no idea what you are talking about.

    inflation data is current---showing the monthly change
     
  10. StupidMoniker

    StupidMoniker I lost a bet

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    You are free to locate up to the minute inflation numbers and post a correction. I doubt the US suddenly ends up with less cumulative inflation over the past three years, but have at it.
    Annual records are annual. There is current data also, and there is year over year data from any point at least one year ago to one year later. That doesn't change the fact that annual records are annual. It is not at all unusual to reference data by calendar years, it is done all the time in many different fields. Once again, if you want to use a different three year window that extends to present day, feel free. So far, I am the only one that has presented any sources at all, so my half-assed incomplete data is infinitely better than your complete lack of data.
     
  11. dmoneybangbang

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    There are issues… but we still have historical unemployment with moderating but still higher inflation.
     
  12. adoo

    adoo Member

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    quintessential willful ignorance.
     
  13. adoo

    adoo Member

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    using the same ill-logic as your previously claim that whites and asians should be lumped into one group when discussing diversity


    once again, you're defending a link with "2023" in its title, but it doesn't have any data for 2023.

    we're already in Sept 2023,​
     
    #553 adoo, Sep 3, 2023
    Last edited: Sep 3, 2023
  14. StupidMoniker

    StupidMoniker I lost a bet

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    Yes, they were lumped in the lower per capita crime rate group. Correctly.
    I didn't title the pages. Once again, you are free to track down up to the minute inflation numbers for all of those countries. Heck, do it for every country on earth if you want to. So far, I am the only one who provided any data at all, so you complaining about the quality of said data is preposterous. It is also worth mentioning that the person I responded to liked the post, so it was apparently sufficient to answer the question.
     
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  15. adoo

    adoo Member

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    same old StupidMoniker, backpedaling when his false claim is exposed.

    note to the willfully ignorant one, no one force you to use these half-assed links
    you provided half-assed/incomplete data
     
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  16. StupidMoniker

    StupidMoniker I lost a bet

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  17. Amiga

    Amiga Member

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    Since the pandemic, inflation took a steep rise and is now going through as steep a fall. Looking only at annual inflation misses the big picture, especially if you only examine one half of the steep curve (rise or fall). Monthly year-over-year change would capture the trends better.

    Compared to other G7 nations, the U.S. has performed relatively well in terms of GDP and managing inflation since the pandemic began.

    US Inflation over the last 60 years.

    [​IMG]

    Compared to G7:

    [​IMG]

    Zoomed in:

    [​IMG]

    GDP:

    [​IMG]
     
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  18. astros123

    astros123 Member

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    You have to cut @StupidMoniker some slack as he's the top prosecutor in CA. Guy is solving 6 different double murders right now
     
  19. StupidMoniker

    StupidMoniker I lost a bet

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    Prosecutors don't solve cases, detectives do that. I present evidence to a judge or jury. Currently I only have one murder case, and it is a single.
     
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  20. astros123

    astros123 Member

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    Oh my God you're too funny. You're one of the most entertaining people on these forums I give you that. God bless ya.

    Maybe you'll wake up one day. I would love to debate you irl some day. You would not hold up very well.
     

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