Capitalism, The Fed and Economic Policy

mrussel1

Halifax2TheMax said:

DJIA over 38K, currently. Just sayin’.

Here's the new talking point...

It's because of "inflation".  

Halifax2TheMax

mrussel1 said:

Halifax2TheMax said:

DJIA over 38K, currently. Just sayin’.

Here's the new talking point...

It's because of "inflation".  

And dem chaos agents.

Halifax2TheMax

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/

tempo_n_groove

Halifax2TheMax 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.

Halifax2TheMax

tempo_n_groove said:

Halifax2TheMax 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?

tempo_n_groove

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.

mrussel1

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.  

The Juggler

mrussel1 said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.

mickeyrat

The Juggler said:

mrussel1 said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.

Halifax2TheMax

mickeyrat said:

The Juggler said:

mrussel1 said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.

OnWis97

Halifax2TheMax said:

mickeyrat said:

The Juggler said:

mrussel1 said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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.

The Juggler

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

tempo_n_groove

Halifax2TheMax said:

mickeyrat said:

The Juggler said:

mrussel1 said:

tempo_n_groove said:

Halifax2TheMax said:

tempo_n_groove said:

Halifax2TheMax 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_groove

The Juggler said:

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...

Halifax2TheMax

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

mickeyrat

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.

mickeyrat

https://twitter.com/keithboykin/status/1752811488258212344?t=RhphooU1Ie1rTBOXrzp2Aw&s=19

mrussel1

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_groove

Halifax2TheMax said:

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 Juggler

Yup