Trump passed ZERO legislation that actually boosted the economy. He passed zero infrastructure or investments in our country. He passed a whopping 2 trillion dollar tax scam that 90%+ of benefits went to the top 10%. Trump didn't lit the economy on fire. The economy grew at a faster pace last quarter team any quarter under trump. It's amazing how folks have this brainwashed view that trump will make the economy on fire. Trump is a con man who didn't do **** for the economy
An understatement . He was pushing the fed to go negative rate. Of course, the fed is somewhat independent in his first term, so he didn’t get what he wanted.
The Fed's rate manipulation takes time to work through the economy, typically at least 12 months. They have been aggressively raising rates to curtail inflation, making it their number one priority. A soft landing (a weak recession) was what they were hoping for, but they were willing to risk an even weaker economy. All of those hikes haven't yet fully worked through the economy, but inflation is on a solid downward trend. The proactive approach is then to undo the hikes to avoid unnecessarily slowing down the economy down the road. However, with employment and GDP coming in hot, they are holding off on cutting rates due to the risk of pushing the economy too hot, which could potentially start pushing inflation up again.
It's not. A large part of it is future expectations. Just to add on to the AI boom: I think there are essentially two tiers. The lower tiers are more similar to the dot-com speculation, with smaller players diving in with new ideas but without solid funding or a clear future outlook. There's high speculation among that tier.The upper tier consists of companies that can invest in AI. You need multi-billions to do so, and only a few players can be in that game—Meta, Google, Microsoft, Amazon, Apple, and other players. These companies are making huge investments, and some of them are already reaping benefits from it. This isn't mere speculation; it's very solid, stable companies investing huge amounts in what they see as the next evolution of computing. What we are seeing in the tech section of the market is a reflection of this.
The neoliberals and establishment shills like Powell entire theory on inflation was that wage gains were responsible for inflation when in reality that was the furthest thing from the truth @adoo giving the fed any credit for the economy is ridiculous. They swore all of 2022 and 2023 that the problem was wage gains. It was always a supply shock. The fed tried their best to engineer a recession.
ur confused & all mixed up. the federal reserve, an independent body, is responsible for setting the discount rate, not the president. during his 4 years in office as POTUS, orange hair has shown to be incompetent. “Infrastructure” was a talking point under the Trump presidency; despite the fact that GOP had a majority in Congress, nothing got done, not even a plan. On the other end of the spectrum, under Biden, despite his party not having a majority in Congress, the infrastructure bill was passed in his first year in office. while Trump was all talk, w nothing to show for, Biden got it done
Astros123: the economy is blistering under Biden Also Astros123: Fed needs to cut NOW. Personally I would love to see that happen. Biden would get wiped at the polls with raising CPI by Nov
The economy is on fire in spite of the fed not cuz of the fed. Investing trillions of dollars in climate and infrastructure is why the economy is booming. Keeping interest rates high only makes people in a bad mood due to auto/mortgage rates being high. Fed needs to cut NOW.
The Soft Landing Is Global, but It’s Cushiest in America Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out. https://www.nytimes.com/2024/02/02/business/economy/soft-landing-economy-inflation.html
You made this point earlier but homeownership is at an all time high for this decade. Folks will keep buying but blame biden for high rates instead of blaming fed which is why fed has to cut now. All the inflation metrics show massive deflation. Why not cut? You havnt made a point?
Do you wanna wager some real cash that a "debt reckoning" won't cause a recession? Can we please place a wager ? I'll bet you any sum of cash that we won't see any sort of recession over the next 12 months. We can send the money to @Nook in meantime. Can you PLEASE put some money behind your talking points
Hiw about a discussion free from our egos. Those cost nothing. I bring talking points and you bring meaningless bets.
You bring talking points? ALL your points from the beginning of this thread have been flat and wrong cuz you're unable to post things outside of twitter universe. Quit following the same folks who have been wrong over the past 12 months. I have been claiming that we would avoid a recession since last year cuz of the investments biden passed. With all due respect what exactly have you been right about ? You follow right wingers on Twitter who are bias
So you love to see CPI go up so Biden is wiped out at the polls? How is this different from Trump wanting the economy to tank so he can win?
Its funny how you think any of these people are rational folks and you always give them the benefit of the doubt in their arguments. You're living in lala land
