The Biden Economy

[Dondilion]

Paraphrasing Trump: A crash is coming... I hope it is not on my watch.

[Dondilion]

https://newsweek.com/americans-can-n...r-cars-1859929

Americans can no longer afford their cars.

[RickeyM]

My feeling is the market will adjust. In the 70's when gas shortages hit, American carmakers started producing more gas efficient cars. If sales drop enough I wager carmakers will offer more not loaded to the gills products for car buyers to purchase. To keep from losing market share other makers I think would follow suit.

[Chicks]

Nobel Laureate Paul Krugman Challenges Economic Pessimism In US: 'Remember Fears That Inflation Would Get Entrenched? Not Happening'
https://www.benzinga.com/amp/content/36671784

This guy understands macroeconomics better than pretty much anyone, and especially better than MAGAMorons.

[Chicks]

Consumers haven't felt this good about the economy since 2021: 'December was no fluke'
https://finance.yahoo.com/news/consu...153749011.html

The latest University of Michigan consumer sentiment survey released Friday revealed a 13% jump in overall sentiment during the month of January. The index reading for the month came in at 78.8, its highest mark since July 2021, and well above economist expectations for a reading of 70.1.

The cumulative 29% climb in the sentiment index over the past two months is the largest two-month increase since the US economy recovered from recession in 1991.

"The sharp increase in December was no fluke," survey of consumers director Joanne Hsu said in a statement. "Consumer views were supported by confidence that inflation has turned a corner and strengthening income expectations."

More "bad" news for MAGAMorons. Sorry. LOL.

Thanks, Joe!

[Rajoo]

Originally Posted by Dondilion

https://newsweek.com/americans-can-n...r-cars-1859929

Americans can no longer afford their cars.

Because the car prices were jacked up during Covid and now the interest rates are so high. Not to worry, Tesla is continuing to slash their prices and Hertz unloaded a bunch of their Tesla cars. And mortgage rates just dropped 3/4 of a point today.

[RickeyM]

Originally Posted by Dondilion

https://newsweek.com/americans-can-n...r-cars-1859929

Americans can no longer afford their cars.

Watch for incentives to fly when automakers start facing large inventories on hand as the rollouts for the new models approaches.

[Dondilion]

Originally Posted by Rajoo

Because the car prices were jacked up during Covid and now the interest rates are so high. Not to worry, Tesla is continuing to slash their prices and Hertz unloaded a bunch of their Tesla cars. And mortgage rates just dropped 3/4 of a point today.

The winter exposed Tesla.

[finnbow]

Originally Posted by Dondilion

The winter exposed Tesla.

The frequency of the deadly crashes of their autonomous driving system didn't help, nor did Musk alienating a significant portion of his customer base with his unhinged right wing lunacy.

[Chicks]

Stock market today: Dow, S&P 500 hit record highs as tech stocks soar
https://finance.yahoo.com/news/stock...192209321.html

If the Diaper Don was still stinking up the Oval Office, he'd be shouting this on his failing Twitter clone in FULL CAPS!!!!! Thankfully, Joe has far more class than that idiot.


Thanks, Joe!