The Biden Economy

[RickeyM]

Originally Posted by Chicks

The Fed's own economists are predicting a Goldilocks scenario: No recession, falling inflation, and flat unemployment
https://www.businessinsider.com/fed-...ve-2023-10?amp

So what are the Repubs going to campaign on now? Oh right, impeaching Joe Biden.

[Chicks]

US Is Producing More Oil Under Biden Than At Any Point Under The Trump Administration
https://www.benzinga.com/amp/content/35240230

Bill Adams, chief economist for Comerica Bank, says the rise in domestic oil production makes it less likely that the U.S. will have a 1970s-type of stagflation, which was in part due to oil supply shocks.

I’m sure your “conservative” “news” outlets are trumpeting this, huh Whell? : rolleyes:

[Dondilion]

The Fed economists are overly optimistic, especially the 2% mark. Getting inflation down to such level will be a steep challenge: clearly the Fed is running out of tools.

Presently there is a big disconnect between data and the public perception. How long this will persist is anyone's guess.

[Chicks]

Originally Posted by Dondilion

The Fed economists are overly optimistic, especially the 2% mark. Getting inflation down to such level will be a steep challenge: clearly the Fed is running out of tools.

Presently there is a big disconnect between data and the public perception. How long this will persist is anyone's guess.

I just love how you always make these broad generalizations with zero facts to back them up! : rolleyes:

[finnbow]

Originally Posted by Dondilion

The Fed economists are overly optimistic, especially the 2% mark. Getting inflation down to such level will be a steep challenge: clearly the Fed is running out of tools.

Presently there is a big disconnect between data and the public perception. How long this will persist is anyone's guess.

Half the nation gets its news from wingnut media and it has no plan to stop lying to their audiences anytime soon.

[Dondilion]

https://www.ipsos.com/en-us/economy-...ing-any-credit

[Dondilion]

Mohammed speaks.

https://www.ft.com/content/40d9f352-...b-5f9404613d4a

[Dondilion]

The market has lost its 'policy, technical, and economic' anchors.

Paraphrasing Mohammed -

The Fed in making decisions about the future is too dependent on data that has a lag.

https://www.youtube.com/watch?v=uFvkGhfVFrc

[finnbow]

Originally Posted by Dondilion

The market has lost its 'policy, technical, and economic' anchors.

Paraphrasing Mohammed -

The Fed in making decisions about the future is too dependent on data that has a lag.

https://www.youtube.com/watch?v=uFvkGhfVFrc

Economic data always has a lag. Otherwise, it's economic projection/prediction, not data.

[Dondilion]

Originally Posted by finnbow

Economic data always has a lag. Otherwise, it's economic projection/prediction, not data.

Notice my word "too".

Mohammed uses the word "excessive".