Biden worked to get everyone back to work after covid so there is a good chance he will fix this too.
CNN: Rising gas prices are bad news for Democrats https://hotair.com/john-s-2/2022/06/06/cnn-rising-gas-prices-are-bad-news-for-democrats-n474374 in other news, water is wet
At least he understands that he's dealing with an ex-KGB that idolizes Ivan the Terrible and was trained to lack any sort of empathy.
We're seeing these major anti-inflationary catalysts on the money supply side Fed has raise interest by .5%, more to come in the next 2 qtr the developing market dynamics over-compensating for the supply shortage, attributable to the global supply chain bottleneck, big retailers (Target, HD, Lowes, Walmart, Costco, etc.) had built up too much inventory. eg, Target's inventory level is 43% higher than last year they are / will be aggressively clearing that inventory in time for back-to-school sales. this means that discount retailers such tjMax, Marshall, 5Below, dollar tree, etc.will have an abundance of lower-price items to sell
Such the institutional optimist. You understand 9 months ago during the whole "its supply chain issues" mantra, these very subjects were being talked about? Aggressive clearing means less profit. There were also those who were talking about inflation being transitory and we will be over the hump by the beginning of 2022. We are just now entering the headwinds of a recession. Rate hikes are not good. Inflation isn't going to come down suddenly. Layoffs means the labor market is cooling, thus wages will grow even more slower compared to inflation. The outlook is not pretty by any means. For those who are in the solid employment category and have good credit, lots of investment opportunities are ripe for the picking. I expect to see significant stimulus in the next year to year and a half due to the bad choices that are being made yesterday and today.
yip, less profit for the retailers; but consumers can picked up deep discounts on these excess inventory items which, effectively, counters the inflationary pressure do u even understand what a recession is ? since Biden took office, the US economy has grown every quarter. recession is defined as 2 consecutive quarters of negative GDP, which has not happened since the last year of the W presidency the u need to crawl out of the cave, as the employment picture continues to great, so too are the energy and base material sectors based on what??? stop pretending, as you're not qualified to make such a statement because ur unable to be specific, i can only conclude that u have no idea what ur talking about
It's like Mao's Cultural Revolution, but for energy. We'll make gas so expensive that you are compelled to buy an electric vehicle and that will make everything wonderful somehow. Instead of purging capitalists, we purge fossil fuels. And just like the Cultural Revolution, millions will die in the process from lack of affordable/reliable energy. https://www.whitehouse.gov/briefing...o-kishida-of-japan-in-joint-press-conference/
you started to throw around the word recession, to which i rebutted w the definition of what a recession is. now, you've veered off to something that is unrelated. why can't you stay on the topic which you had started ? you need to heed the sage advise of Abe Lincoln, better to remain silent and be thought of as a fool, than to speak up to remove all doubts
I own a lawn business, I’ve sent out notices I am raising rates by $5 per yard on average. Problem solved. So far everyone reluctantly understands and I have lost zero clients. Everything is going up for everyone, I may as well do my part to add to the fun
Yea , I held off raising prices but I couldn’t anymore. Everyone kept telling me I have no choice. It’s tough because I really appreciate my clients that some go out of their way - I had cakes baked for me, super cordial etc but at the end of the day it’s a business
https://www.axios.com/2022/06/07/economic-data-america-housing-jobs-inflation Listen to most experts, and you’d think the economy is going up in flames. In fact, tens of millions of U.S. households are thriving more than in decades. Why it matters: High gas prices, stock market volatility and inflation are hiding the reality that the economy is working for a huge swath of Americans — and has richly bolstered their nest eggs. Here's a rarity — a parade of encouraging news: Houses: It's hard to find one to buy — and the 66% of Americans who do own houses are seeing their home values soar. The middle class has made a whopping $2.1 trillion from homeownership in the past 10 years, Fortune reports. Retirement accounts: Despite the recent sell-off, they've been fattened by the stock market. And the share of people who say they expect to work past their early 60s has dropped below 50% for the first time. Jobs: 11.4 million are open. The unemployment rate is 3.6% — back to pre-pandemic lows. Safety nets: 68% of Americans say they have cash for a rainy day. Millennial homeownership: It’s at 43%, up from 37% last year. ... That helps explain one of the bigger polling conundrums we've seen: We think things are going fine for us, but terribly for America. 78% of Americans are confident in their personal financial well-being, but just 24% are confident in the U.S.' financial well-being, per Federal Reserve data reported by the Atlantic's Derek Thompson (see chart above). The bottom line: Things haven’t been so good for so many in decades, Dean Baker of the Center for Economic and Policy Research told The New York Times. "You'd have to go back to the late 1990s to find a similar era. Before that, the 1960s."
I’m hoping there is something to this. I bought my current home 2 years ago..$390K…in only 2 years, my realtor sent me an email report of my homes worth at $640K today, that’s a crazy equity positivity gain in 2 short years. In essence I gained a quarter million dollar transaction possibility by simply sitting in my home but of course purchase a new home is where the fall off is
