Inflation now officially over 3.1% Underlying US inflation accelerated in July to the strongest pace since the start of the year, though a tepid rise in goods prices tempered concerns about tariff-driven price pressures. Basically Trump has reversed the post pandemic reduction & sent careening towards way above target, while also crushing employment. Hard to do!
LOL you don't even know how to read the numbers! Today's inflation reading was 2.7%. You have to exclude food and energy to see the 3.1% figure -- and safe to say we all use food and energy. Sam's all turned around on what inflation is... yet we are supposed to listen to his great advice on it! Stock market hit another all time high today -- remember when Sam told us to sell our stocks and prepare for a market meltdown? Another miss. Fading Trump seems to lose every time, doesn't it! GOOD DAY
AUGUR: “.. US equities have underperformed the rest of the world by over 10 percentage points year-to-date. This is the worst underperformance since 2009.” Lol!
If your comment is even true (no link), then that's largely because US-listed stocks came into the year riding high after Trump's November 2024 election. The stock market is ROARING and investors are loving Trump's policies and actions -- very supportive for long term growth in employment, real wages, and earnings. All time highs for the indices as we sit here today. Oh, and stocks are up over 35% since you told everyone to sell because we were headed for a depression. I am very glad I behaved like an industrialist and doubled down during the media-induced moments of fear! Big gainz. Very big. GOOD DAY
The nominee to head the Bureau of Labor Statistics in his Heritage Foundation office. On his wall is the Bismarck, a ship built by Nazis, christened by Hitler, crewed by Nazis, and scuttled by Nazis after the Brits damaged it so badly it was inoperable and going to sink anyway.
I think we need to reiterate how big freak ass b**** losers all of these Trumpist piece of **** are. Just a collection of malformed dorks who you would never deal with if you didn't have to. I hope whatever reckoning comes after treats them with the contempt they deserve. Sorry society or dei or whatever has not been keeping you down - it's the fact that you suck! At everything! To call people this & their avatars here - @tinman -mediocrities IRL would be a favor to them
Pretty good article about how stagnation - that Trump is pouring gasoline on - has totally infected the economy https://www.wsj.com/economy/america...ef8fc?st=PxRB7N&reflink=article_copyURL_share 1. Unlike in Biden era employees & employers not hiring, not quitting, locked in, leading to 2. Housing market still locked down bc of lack of supply and high interest rates 3. No end in sight Honestly it's just hard to consume news (as in things actually happening in the real world) about America these days and not get an absolutely dire and depressing picture of the future being worse than the past in every way Short term economic disruption making way for long term economic destruction, the replacement of market oriented capitalism with an Oligarchic + fascism It's ****ing grim man, the whole sense that our best days are gone is real because it's true. All for something transparently evil, terrible and wrong
The simpler and accurate answer is that high interest rates are what's causing the housing market to be frozen. Borrowers don't want to give up their 3% mortgage rate. J Powell needs to cut rates and the housing market will start to move. It's just more economic sabotage by the Deep Staters (Powell -- who cut rates 3x last year for Biden and won't cut for Trump, despite the data favoring it). Powell will be out in a matter of months and we'll see the housing market open up as a result. From the article The biggest drop: a roughly 47% decline among people moving within the same county over the past three decades, according to census data. Brandon and Katherine Righi bought their 1,100-square-foot home in suburban Summit, N.J., in 2017 with a 3.6% mortgage. They had only one young son at the time. “The plan was to stay five to seven years and then we’d upgrade as our family grew,” said Brandon, who works in consulting. Now, the couple have three boys under 10 in the three-bedroom home with an “apartment-sized” kitchen. The tight space means the Righis store a toaster oven in their dining room and pantry items like pasta and beans in their basement. The couple were about to put their home on the market this spring. But there weren’t many larger homes available in their town, and those that were on the market were very expensive. At today’s higher mortgage rates, a bigger home would at least double the family’s monthly payment. They abandoned their plans and are staying put for now. GOOD DAY
