Capitalism, The Fed and Economic Policy

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Comments

  • mrussel1mrussel1 Posts: 28,503
    DJIA over 38K, currently. Just sayin’.
    Here's the new talking point...

    It's because of "inflation".  
  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    mrussel1 said:
    DJIA over 38K, currently. Just sayin’.
    Here's the new talking point...

    It's because of "inflation".  
    And dem chaos agents.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN;

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  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN;

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  • tempo_n_groovetempo_n_groove Posts: 38,638
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN;

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  • tempo_n_groovetempo_n_groove Posts: 38,638
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
  • mrussel1mrussel1 Posts: 28,503
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
  • The JugglerThe Juggler Behind that bush over there. Posts: 46,962
    mrussel1 said:
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
    And when rates stop dropping more later this year, they're just going to drive housing prices even higher.


    chinese-happy.jpg
  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,022
    mrussel1 said:
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
    And when rates stop dropping more later this year, they're just going to drive housing prices even higher.



    By what percentage would you guess or say that the investor groups are the primary driver to rising housing costs.
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  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    mickeyrat said:
    mrussel1 said:
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
    And when rates stop dropping more later this year, they're just going to drive housing prices even higher.



    By what percentage would you guess or say that the investor groups are the primary driver to rising housing costs.
    Or the totality of the gig economy from aB&B and Verbo to the private wealth funds that are snapping up whole streets and neighborhoods of housing, not to mention the NIMBYs against sprawl and growth. And Boomers not downsizing but rather buying a second home for those cold winter months and the wealthy foreigners who own apartments and condos as a safe haven in case things go south in their home country (think south of the border and Asia and the Middle East). All of these are adding pressure to the housing market and whether interest rates increase or decrease, it’s not likely to change.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN;

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  • OnWis97OnWis97 St. Paul, MN Posts: 4,791
    mickeyrat said:
    mrussel1 said:
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
    And when rates stop dropping more later this year, they're just going to drive housing prices even higher.



    By what percentage would you guess or say that the investor groups are the primary driver to rising housing costs.
    Or the totality of the gig economy from aB&B and Verbo to the private wealth funds that are snapping up whole streets and neighborhoods of housing, not to mention the NIMBYs against sprawl and growth. And Boomers not downsizing but rather buying a second home for those cold winter months and the wealthy foreigners who own apartments and condos as a safe haven in case things go south in their home country (think south of the border and Asia and the Middle East). All of these are adding pressure to the housing market and whether interest rates increase or decrease, it’s not likely to change.
    Yep. Housing has historically been shelter and investment. But the haves are so much more into the investment that it's difficult for most to get the basic one home investment/shelter.

    I also think that nobody builds 1,200 square foot homes anymore. It's either high-volume (condos or townhomes) or three-car garages. The only basic two- or three-bedroom houses are at least 40-years old and there's not enough supply of that to meet the needs of the middle/working class.
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  • The JugglerThe Juggler Behind that bush over there. Posts: 46,962
    Not sure. People I follow on twitter seem to think that stuff is a bit overblown though. They own a small percentage overall. I don't think that's having a huge impact on rising housing cost, but maybe it could be a bigger factor moving forward as more and more people are being priced out.

    I think rates being so low for the last 15 years is the bigger issue. I don't know if there is a good solution to this problem other than another massive recession that knocks values down similar to '08
    chinese-happy.jpg
  • tempo_n_groovetempo_n_groove Posts: 38,638
    mickeyrat said:
    mrussel1 said:
    FU Brandon!!!

    The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year.

    GDP grew even faster than many had anticipated in the last three months of the year — by an annual rate of 3.3 percent, according to the Bureau of Economic Analysis — offering fresh evidence that federal policymakers have managed to bring down inflation and secure a “soft landing” without major repercussions for workers or the economy.

    https://www.washingtonpost.com/business/2024/01/25/gdp-2023-economy-boom/


    Nobody thought it would happen though, be honest.  I sure as hell didn't.
    Based upon past administration’s fiscal policies and responses, no. That said, Juggs posted several times how he was hoping for a soft landing as the economic indicators were pointing in that direction. As such, it should be a testament to the success of the team Brandon has put together and illustrate what good governance can look like, as opposed to the POOTWH. If you’re honest you’d give Brandon a solid “A” on managing the economy, from supply chain issues, infrastructure, etc, and acknowledge that expanding the economy from the middle out is better for more people than top down (trickle down).

    So, you branding with Brandon?
    He absolutely gets an A from me.  No way I thought this would happen, no damn way.

    I'm still not happy w the interest hikes but it seems to be working.  I wonder what it does on housing in the next few years though.  It might have an adverse effect.
    We could use some softening of housing prices.  Unfortunately I don't think that will happen because there just isn't enough supply.  
    And when rates stop dropping more later this year, they're just going to drive housing prices even higher.



    By what percentage would you guess or say that the investor groups are the primary driver to rising housing costs.
    Or the totality of the gig economy from aB&B and Verbo to the private wealth funds that are snapping up whole streets and neighborhoods of housing, not to mention the NIMBYs against sprawl and growth. And Boomers not downsizing but rather buying a second home for those cold winter months and the wealthy foreigners who own apartments and condos as a safe haven in case things go south in their home country (think south of the border and Asia and the Middle East). All of these are adding pressure to the housing market and whether interest rates increase or decrease, it’s not likely to change.
    100%!! Fax gets it.

    New developments are built for rent nowadys not for sale...

    Wealthy people w liquid are gobbling up these homes...
  • tempo_n_groovetempo_n_groove Posts: 38,638
    Not sure. People I follow on twitter seem to think that stuff is a bit overblown though. They own a small percentage overall. I don't think that's having a huge impact on rising housing cost, but maybe it could be a bigger factor moving forward as more and more people are being priced out.

    I think rates being so low for the last 15 years is the bigger issue. I don't know if there is a good solution to this problem other than another massive recession that knocks values down similar to '08
    This would be bad because like i said above, the people w cash, will further their buying spree w cheaper prices...
  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    Take the quiz, see how you do and compare. It’s no wonder this country is fucked. Look at the scores. “We love the uneducated and ummm, ignorant.”

    Gift article.

    https://wapo.st/3SGJAOt
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  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,022
    https://apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-f314482e7e9d85e7db0e3f8713bb6273   US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength

     
    US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength
    By PAUL WISEMAN
    3 mins ago

    WASHINGTON (AP) — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades.

    Friday’s report from the Labor Department showed that last month’s job gain topped the 333,000 that were added in December, a figure that was itself revised sharply higher. The unemployment rate stayed at 3.7%, just above a half-century low.

    Wages rose unexpectedly fast in January, too. Average hourly pay climbed a sharp 0.6% from December and 4.5% from January 2023. The strong hiring and wage growth could complicate or delay the Federal Reserve’s intention to start cutting interest rates later this year.

    The latest gains far exceeded expectations and showcased employers’ willingness to keep hiring to meet steady consumer spending. It comes as the intensifying presidential campaign is pivoting in no small part on views of President Joe Biden’s economic stewardship. Public polls show widespread dissatisfaction largely because even though inflation has sharply slowed, most prices remain well above pre-pandemic levels. Some recent surveys, though, show public approval gradually improving.

    This week, the Fed took note of the economy’s durability, with Chair Jerome Powell saying “the economy is performing well, the labor market remains strong.” The central bank made clear that while it’s nearing a long-awaited shift toward cutting interest rates, it’s in no hurry to do so.

    The details in Friday's jobs report pointed to broad hiring gains across the economy. Professional and business services, a category that includes managers and technical workers, added 74,000 jobs. Healthcare companies added 70,000, retailers 45,000, governments at all levels 36,000 and manufacturers 23,000.

    To fight inflation, the Fed raised its benchmark rate 11 times beginning in March 2022. The higher borrowing costs were widely expected to boost unemployment and likely cause a recession. Yet the economy has managed to deliver enough job growth to avoid a downturn without accelerating inflation pressures. Inflation cooled throughout 2023, making it likelier that the Fed would achieve a “soft landing” — taming inflation without derailing the economy.

    A series of high-profile layoff announcements, from the likes of UPS, Google and Amazon, have raised some concerns about whether they might herald the start of a wave of job cuts. Yet measured against the nation’s vast labor force, the recent layoffs haven’t been significant enough to make a dent in the overall job market. Historically speaking, layoffs are still relatively low, hiring is still solid and the unemployment rate is still consistent with a healthy economy.

    Consumers as a whole have proved more resilient than expected in the face of the Fed’s rate hikes. Having socked away savings during the pandemic, most were willing to spend it as the economy reopened. And a wave of early retirements, some of them related to COVID-19, limited the number of people available for work and contributed to a tight labor market.

    The gradual improvement in public confidence has emerged in a series of recent surveys. A measure of consumer sentiment by the University of Michigan has jumped in the past two months by the most since 1991. A survey by the Federal Reserve Bank of New York found that Americans’ inflation expectations have reached their lowest point in nearly three years. And a new poll from The Associated Press-NORC Center for Public Affairs Research found that 35% of U.S. adults call the national economy good, up from 30% who said so late last year.

    The rate at which Americans are quitting their jobs, considered a reliable predictor of wage trends, has slowed to pre-pandemic levels. That suggests that workers have grown somewhat less confident of finding a better job elsewhere. Employers, as a result, may be less likely to feel pressure to raise wages to keep them — and to increase their prices to make up for their higher labor costs. That cycle can perpetuate inflation.


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  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,022
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 28,503
    mickeyrat said:
    https://apnews.com/article/jobs-hiring-unemployment-economy-inflation-federal-reserve-f314482e7e9d85e7db0e3f8713bb6273   US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength

     
    US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength
    By PAUL WISEMAN
    3 mins ago


    Yeah but....
  • tempo_n_groovetempo_n_groove Posts: 38,638
    Take the quiz, see how you do and compare. It’s no wonder this country is fucked. Look at the scores. “We love the uneducated and ummm, ignorant.”

    Gift article.

    https://wapo.st/3SGJAOt
    Softball questions to own the Biden haters, lol.
  • The JugglerThe Juggler Behind that bush over there. Posts: 46,962
    Yup


    chinese-happy.jpg
  • mrussel1mrussel1 Posts: 28,503
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,022
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • The JugglerThe Juggler Behind that bush over there. Posts: 46,962
    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Utterly ridiculous. Then we learned recently that records amount of people started their own businesses over the last couple years. lol. 
    chinese-happy.jpg
  • tempo_n_groovetempo_n_groove Posts: 38,638
    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Well people did it's just not the high paying tech jobs that did.  The restaurant and retail workers quit en masse.  That part of the workforce is still trying to recover.  The amount of Help Wanted signs for that is everywhere here in NY.

    NPR had some great articles on it.

    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Utterly ridiculous. Then we learned recently that records amount of people started their own businesses over the last couple years. lol. 
    I would think this is a result of that?
  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Well people did it's just not the high paying tech jobs that did.  The restaurant and retail workers quit en masse.  That part of the workforce is still trying to recover.  The amount of Help Wanted signs for that is everywhere here in NY.

    NPR had some great articles on it.

    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Utterly ridiculous. Then we learned recently that records amount of people started their own businesses over the last couple years. lol. 
    I would think this is a result of that?
    Because they were shitty jobs and were treated like shit, by management and customers. Have you heard about the abuse and shit those folks put up with and realized they didn’t? You couldn’t pay me enough to do either.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN;

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  • Halifax2TheMaxHalifax2TheMax Posts: 36,246
    Take the quiz, see how you do and compare. It’s no wonder this country is fucked. Look at the scores. “We love the uneducated and ummm, ignorant.”

    Gift article.

    https://wapo.st/3SGJAOt
    Softball questions to own the Biden haters, lol.
    So, how’d yo do?
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  • The JugglerThe Juggler Behind that bush over there. Posts: 46,962
    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Well people did it's just not the high paying tech jobs that did.  The restaurant and retail workers quit en masse.  That part of the workforce is still trying to recover.  The amount of Help Wanted signs for that is everywhere here in NY.

    NPR had some great articles on it.

    mrussel1 said:
    Yup


    I loved that argument... like people are going to quit their jobs en masse because they got $1500.  So friggin stupid. 
    Utterly ridiculous. Then we learned recently that records amount of people started their own businesses over the last couple years. lol. 
    I would think this is a result of that?
    Because they were shitty jobs and were treated like shit, by management and customers. Have you heard about the abuse and shit those folks put up with and realized they didn’t? You couldn’t pay me enough to do either.
    BINGO.

    I pondered, at the time, probably in this thread, if those people leaving those shitty jobs might be using their stimulus checks to their advantage to put themselves in better situations and improve their lives as opposed to just not working (which, I think, was always a dumb argument to make because $1500 can only last so long). Low and behold, here we are.


    chinese-happy.jpg
  • mickeyratmickeyrat up my ass, like Chadwick was up his Posts: 35,022

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 28,503
    mickeyrat said:

    Meta is the company that hired thousands of software engineers that they didn't need and couldn't use.  They only did it to prevent them from going to competitors.  That was the craziest thing I've heard in business in a while. 
  • OnWis97OnWis97 St. Paul, MN Posts: 4,791
    I remember how much the Twitter layoffs were celebrated. This should have a different reaction.
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