The Biden Economy

[Chicks]

Americans haven't been this optimistic about stocks since 2021
https://finance.yahoo.com/news/ameri...175058368.html

Keep up the great work, Joe!

[Chicks]

US labor market resilience keeps economy afloat as year ends
https://finance.yahoo.com/news/us-we...135314707.html

The smaller-than-expected increase in weekly jobless claims reported by the Labor Department on Thursday followed recent data showing retail sales unexpectedly rising in November, while single-family housing starts and building permits scaled 1-1/2-year highs. Those reports prompted economists to boost their growth estimates for the fourth quarter.

The economy had appeared in danger of stalling at the start of the quarter. There was even more good news on inflation, with other data on Thursday showing significantly more progress made toward returning it to the Federal Reserve's 2% target in the third quarter than previously reported.

"There is plenty to cheer about the economy, and next year should be even better as the Federal Reserve takes the brakes off the economy now that inflation is going their way," said Christopher Rupkey, chief economist at FWDBONDS in New York.

Sorry for all the great economic news, Whell. I know it pains you idiot MAGAMorons! Lol.

[Oerets]

Originally Posted by Chicks

US labor market resilience keeps economy afloat as year ends
https://finance.yahoo.com/news/us-we...135314707.html



Sorry for all the great economic news, Whell. I know it pains you idiot MAGAMorons! Lol.

Can only speak of my experiences.

It just seems that the MAGA minded to a high degree are either bad with their finances. Robbing Peter to pay Paul be a way to describe them.The majority BTW!
Or in the upper 10% of earners and hate giving anything back...

The first being bad with their money, will always be complaining about not having enough....
The other are savvy enough to see, only will hate admitting it in fear of paying a fair tax bill.

[Rajoo]

[RickeyM]

That should be a Repub pumping away furiously.

[Chicks]

The Fed's Key Inflation Rate Just Fell Below 2%; S&P 500 Rises
https://www.investors.com/news/econo...cut-odds-grow/

The Federal Reserve's primary inflation rate, the core PCE price index, showed that core price pressures continued to cool more than expected in November. Core inflation has run at just a 1.9% annualized rate over the past six months, Commerce Department data show. S&P 500 futures pointed higher.

The fall in inflation to the Fed's 2% target on an annualized basis while unemployment remains below 4% and economic growth has been solid helps explain why policymakers are beginning to worry less about an inflation resurgence.

[whell]

Originally Posted by Chicks

The Fed's Key Inflation Rate Just Fell Below 2%; S&P 500 Rises
https://www.investors.com/news/econo...cut-odds-grow/

We'll need to see the revised rate, but if true, this is good news.

[finnbow]

If you were handed reams of economic data you would come to two rock-solid conclusions:

(1) The American economy is in a good place: Low unemployment, bottom-led wage growth, increasing household wealth, solid GDP growth.

(2) Relative to the rest of the world, the American economy has performed marvelously. Every advanced economy would trade places with us in a heartbeat.

https://plus.thebulwark.com/p/2024-i...racys-moonshot

[RickeyM]

Originally Posted by whell

We'll need to see the revised rate, but if true, this is good news.

Translation: I'll believe it when I see it on Reich-wing media.

[Chicks]

Whell's World