"Far from mismanaging inflation, Biden tamed it. As a result, America
has fared better than other advanced countries. In 2023, while U.S.
consumer prices rose 3.3 percent, they increased 4.1 percent in France,
3.9 percent in Great Britain, and 3.7 percent in Germany. And we beat inflation without sacrificing growth: In 2023, real GDP grew 2.5 percent
in the United States compared to growth rates of 1.0 percent in France,
0.5 percent in the United Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term, do
"Far from mismanaging inflation, Biden tamed it. As a result, America
has fared better than other advanced countries. In 2023, while U.S.
consumer prices rose 3.3 percent, they increased 4.1 percent in
France, 3.9 percent in Great Britain, and 3.7 percent in Germany. And
we beat inflation without sacrificing growth: In 2023, real GDP grew
2.5 percent in the United States compared to growth rates of 1.0
percent in France, 0.5 percent in the United Kingdom, and negative
0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly P/L reports. Fix it to look good, and hope that you can continue using legerdemain until after it's off your plate and onto someone else's.
For a prime example, see Barrack Obama.
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term, do
"Far from mismanaging inflation, Biden tamed it. As a result, America
has fared better than other advanced countries. In 2023, while U.S.
consumer prices rose 3.3 percent, they increased 4.1 percent in
France, 3.9 percent in Great Britain, and 3.7 percent in Germany. And
we beat inflation without sacrificing growth: In 2023, real GDP grew
2.5 percent in the United States compared to growth rates of 1.0
percent in France, 0.5 percent in the United Kingdom, and negative
0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly P/L reports. Fix it to look good, and hope that you can continue using legerdemain until after it's off your plate and onto someone else's.
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent in
Germany. And we beat inflation without sacrificing growth: In 2023,
real GDP grew 2.5 percent in the United States compared to growth
rates of 1.0 percent in France, 0.5 percent in the United Kingdom,
and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go wrong? >>>
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue using
legerdemain until after it's off your plate and onto someone else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent in
Germany. And we beat inflation without sacrificing growth: In 2023,
real GDP grew 2.5 percent in the United States compared to growth
rates of 1.0 percent in France, 0.5 percent in the United Kingdom,
and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there be
more tightening?
post-inflation. It certainly looks good.
The one that did the money printing was of course Twump. Not Biden.
On 1/30/24 12:42 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:My gut feeling is that the US economy will be comparatively good in Nov
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent in
Germany. And we beat inflation without sacrificing growth: In 2023,
real GDP grew 2.5 percent in the United States compared to growth
rates of 1.0 percent in France, 0.5 percent in the United Kingdom,
and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
Not sure if Powell is Democrat though, or even cares about elections.
when the election is. If so, it will not be an issue that the GOP can exploit.
On 1/30/24 12:42 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:My gut feeling is that the US economy will be comparatively good in Nov
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent in
Germany. And we beat inflation without sacrificing growth: In 2023,
real GDP grew 2.5 percent in the United States compared to growth
rates of 1.0 percent in France, 0.5 percent in the United Kingdom,
and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
Not sure if Powell is Democrat though, or even cares about elections.
when the election is. If so, it will not be an issue that the GOP can exploit.
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent
in Germany. And we beat inflation without sacrificing growth: In
2023, real GDP grew 2.5 percent in the United States compared to
growth rates of 1.0 percent in France, 0.5 percent in the United
Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
On 30.1.2024 23.02, Sawfish wrote:
On 1/30/24 12:42 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:My gut feeling is that the US economy will be comparatively good in
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second term,
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023,
while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent
in Germany. And we beat inflation without sacrificing growth: In
2023, real GDP grew 2.5 percent in the United States compared to
growth rates of 1.0 percent in France, 0.5 percent in the United
Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
Not sure if Powell is Democrat though, or even cares about elections.
Nov when the election is. If so, it will not be an issue that the GOP
can exploit.
The GOP is already exploiting it! Exploiting these days doesn't mean you
have to ga what is. There's always alternative facts.
On 30.1.2024 23.09, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
It shows up in all the m's. The cash (m1) shows it best
https://ycharts.com/indicators/us_m1_money_supply#:~:text=Basic%20Info,8.68%25%20from%20one%20year%20ago.
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is after
these kinds of rate increases. Then again liquidity may compensate.
Some in the know say that the economy is not as great as the numbers
would suggest. What I can tell for certain is that US stock market
seems to be similar asset bubble than it was in 2000. If something
breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008 liquidity crisis and housing collapse much of the lower risk money that normally
would have been in fixed income positions with decent yield were
gradually driven into either housing investment or stocks. The fixed
income yields were so low that no one could make any money and they had
to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to sell
off stock and put it into fixed income again. Fixed income now because a reasonable position here for the first time in maybe 6 or so years.
This in part contributed to the decline in the stock market thru 2022.
One would think that the housing market would similarly decline, but for single family properties there is too little inventory for this to
happen: everyone is still employed, and if they bought any time before
2022 they likely have a comparatively low mortgage rate that they are reluctant to let go of. This means that a normal part of the SFR market, which is the "buy up" market, where families want to sell their present
home and get a bigger and/or better one, is not doing it as much. So the complaining you mainly here over here is 1st time buyers. The int rates
are high AND the inventory is low, keeping the asking price counterintuitively high.
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden.
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who were rapidly unemployed in 2020, and keeping the money pouring in until 2022.
Plus it was unnecessary to pay rents in many cases until about 2022, so
an employed person who had no interruption in income could still not
pay, in some places. This freed up the rent money for discretionary spending, which boosted inflation here.
The US government erred vastly on the side of generosity so as to avoid widespread economic hardship.
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is after
these kinds of rate increases. Then again liquidity may compensate.
Some in the know say that the economy is not as great as the numbers
would suggest. What I can tell for certain is that US stock market
seems to be similar asset bubble than it was in 2000. If something
breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008 liquidity crisis and housing collapse much of the lower risk money that normally
would have been in fixed income positions with decent yield were
gradually driven into either housing investment or stocks. The fixed
income yields were so low that no one could make any money and they had
to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to sell
off stock and put it into fixed income again. Fixed income now because a reasonable position here for the first time in maybe 6 or so years.
This in part contributed to the decline in the stock market thru 2022.
One would think that the housing market would similarly decline, but for single family properties there is too little inventory for this to
happen: everyone is still employed, and if they bought any time before
2022 they likely have a comparatively low mortgage rate that they are reluctant to let go of. This means that a normal part of the SFR market, which is the "buy up" market, where families want to sell their present
home and get a bigger and/or better one, is not doing it as much. So the complaining you mainly here over here is 1st time buyers. The int rates
are high AND the inventory is low, keeping the asking price counterintuitively high.
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden.
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who were rapidly unemployed in 2020, and keeping the money pouring in until 2022.
Plus it was unnecessary to pay rents in many cases until about 2022, so
an employed person who had no interruption in income could still not
pay, in some places. This freed up the rent money for discretionary spending, which boosted inflation here.
The US government erred vastly on the side of generosity so as to avoid widespread economic hardship. Similarly, forgiving student debt would
also free up a lot of discretionary spending, increasing inflation
pressures somewhat. As long as int rates are high, this might keep
inflation to 4-5%. But high int hurts business investment, and
ultimately jobs, so...
Pelle Svanslös kirjoitti 30.1.2024 klo 23.26:
On 30.1.2024 23.09, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1 >>>>>>>> percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go >>>>>>> wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you can
continue using legerdemain until after it's off your plate and
onto someone else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
It shows up in all the m's. The cash (m1) shows it best
https://ycharts.com/indicators/us_m1_money_supply#:~:text=Basic%20Info,8.68%25%20from%20one%20year%20ago.
Nope. Besides that link doesn't even work without signing.
On 30.1.2024 23.54, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 23.26:
On 30.1.2024 23.09, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result, >>>>>>>>> America has fared better than other advanced countries. In
2023, while U.S. consumer prices rose 3.3 percent, they
increased 4.1 percent in France, 3.9 percent in Great Britain, >>>>>>>>> and 3.7 percent in Germany. And we beat inflation without
sacrificing growth: In 2023, real GDP grew 2.5 percent in the >>>>>>>>> United States compared to growth rates of 1.0 percent in
France, 0.5 percent in the United Kingdom, and negative 0.5
percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could >>>>>>>> go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you can >>>>>>> continue using legerdemain until after it's off your plate and
onto someone else's.
Yep. That's one theory... there's too much available liquidity for >>>>>> financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should
there be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
It shows up in all the m's. The cash (m1) shows it best
https://ycharts.com/indicators/us_m1_money_supply#:~:text=Basic%20Info,8.68%25%20from%20one%20year%20ago.
Nope. Besides that link doesn't even work without signing.
Works fine.
[The usual tap dancing binned. Like I said it shows up in all the m's.
What a little weasel you are]
On 30.1.2024 23.41, Sawfish wrote:
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1 >>>>>>>> percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go >>>>>>> wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you can
continue using legerdemain until after it's off your plate and
onto someone else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should there
be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is after
these kinds of rate increases. Then again liquidity may compensate.
Some in the know say that the economy is not as great as the numbers
would suggest. What I can tell for certain is that US stock market
seems to be similar asset bubble than it was in 2000. If something
breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money
that normally would have been in fixed income positions with decent
yield were gradually driven into either housing investment or stocks.
The fixed income yields were so low that no one could make any money
and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to
sell off stock and put it into fixed income again. Fixed income now
because a reasonable position here for the first time in maybe 6 or so
years.
This in part contributed to the decline in the stock market thru 2022.
One would think that the housing market would similarly decline, but
for single family properties there is too little inventory for this to
happen: everyone is still employed, and if they bought any time before
2022 they likely have a comparatively low mortgage rate that they are
reluctant to let go of. This means that a normal part of the SFR
market, which is the "buy up" market, where families want to sell
their present home and get a bigger and/or better one, is not doing it
as much. So the complaining you mainly here over here is 1st time
buyers. The int rates are high AND the inventory is low, keeping the
asking price counterintuitively high.
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden.
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who were
rapidly unemployed in 2020, and keeping the money pouring in until
2022. Plus it was unnecessary to pay rents in many cases until about
2022, so an employed person who had no interruption in income could
still not pay, in some places. This freed up the rent money for
discretionary spending, which boosted inflation here.
Part of it. Just today my daily MSM had an article on how economists
erred at the time on the inflation. This source inflation was seen as a
minor annoyance and everybody thought it would be over quickly. That's
why the late reactions all over the world.
On top of this was the covid caused bottlenecks in production etc.
Without this, the above would of possibly withered away. In Europe,
energy prices made everything yet worse.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship.
Twump sent unsolicited cash to everybody!!!! How's THAT for vote
begging. Even in the nanny of all nanny states, Finland, this is a major faux-pas. Curiously enough, some economists think it was a good thing. Lol.
Pelle Svanslös kirjoitti 31.1.2024 klo 0.05:
On 30.1.2024 23.41, Sawfish wrote:
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result, >>>>>>>>> America has fared better than other advanced countries. In
2023, while U.S. consumer prices rose 3.3 percent, they
increased 4.1 percent in France, 3.9 percent in Great Britain, >>>>>>>>> and 3.7 percent in Germany. And we beat inflation without
sacrificing growth: In 2023, real GDP grew 2.5 percent in the >>>>>>>>> United States compared to growth rates of 1.0 percent in
France, 0.5 percent in the United Kingdom, and negative 0.5
percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could >>>>>>>> go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you can >>>>>>> continue using legerdemain until after it's off your plate and
onto someone else's.
Yep. That's one theory... there's too much available liquidity for >>>>>> financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should
there be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is
after these kinds of rate increases. Then again liquidity may
compensate. Some in the know say that the economy is not as great as
the numbers would suggest. What I can tell for certain is that US
stock market seems to be similar asset bubble than it was in 2000.
If something breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money
that normally would have been in fixed income positions with decent
yield were gradually driven into either housing investment or stocks.
The fixed income yields were so low that no one could make any money
and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to
sell off stock and put it into fixed income again. Fixed income now
because a reasonable position here for the first time in maybe 6 or
so years.
This in part contributed to the decline in the stock market thru
2022. One would think that the housing market would similarly
decline, but for single family properties there is too little
inventory for this to happen: everyone is still employed, and if they
bought any time before 2022 they likely have a comparatively low
mortgage rate that they are reluctant to let go of. This means that a
normal part of the SFR market, which is the "buy up" market, where
families want to sell their present home and get a bigger and/or
better one, is not doing it as much. So the complaining you mainly
here over here is 1st time buyers. The int rates are high AND the
inventory is low, keeping the asking price counterintuitively high.
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden.
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who
were rapidly unemployed in 2020, and keeping the money pouring in
until 2022. Plus it was unnecessary to pay rents in many cases until
about 2022, so an employed person who had no interruption in income
could still not pay, in some places. This freed up the rent money
for discretionary spending, which boosted inflation here.
Part of it. Just today my daily MSM had an article on how economists
erred at the time on the inflation. This source inflation was seen as
a minor annoyance and everybody thought it would be over quickly.
That's why the late reactions all over the world.
The Fed was late to react (to raise interest rates) because as they
said, "the inflation is transitory". Well it wasn't.
Now Powell (& Europe) is half-forced to keep the rates higher for longer
to not fuck it up AGAIN. (to lower rates too soon and get inflation back)
Apparently EU has no own monetary policy but just follows USA, so they thought the same.
On top of this was the covid caused bottlenecks in production etc.
Without this, the above would of possibly withered away. In Europe,
energy prices made everything yet worse.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship.
Twump sent unsolicited cash to everybody!!!! How's THAT for vote
begging. Even in the nanny of all nanny states, Finland, this is a
major faux-pas. Curiously enough, some economists think it was a good
thing. Lol.
Well our SuperSanna said that you can take all the debt because it's for free... (with zero interest rates, maybe)
On 1/30/24 2:06 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 23.41:
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result, >>>>>>>>> America has fared better than other advanced countries. In
2023, while U.S. consumer prices rose 3.3 percent, they
increased 4.1 percent in France, 3.9 percent in Great Britain, >>>>>>>>> and 3.7 percent in Germany. And we beat inflation without
sacrificing growth: In 2023, real GDP grew 2.5 percent in the >>>>>>>>> United States compared to growth rates of 1.0 percent in
France, 0.5 percent in the United Kingdom, and negative 0.5
percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could >>>>>>>> go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you can >>>>>>> continue using legerdemain until after it's off your plate and
onto someone else's.
Yep. That's one theory... there's too much available liquidity for >>>>>> financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should
there be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is
after these kinds of rate increases. Then again liquidity may
compensate. Some in the know say that the economy is not as great as
the numbers would suggest. What I can tell for certain is that US
stock market seems to be similar asset bubble than it was in 2000.
If something breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money
that normally would have been in fixed income positions with decent
yield were gradually driven into either housing investment or
stocks. The fixed income yields were so low that no one could make
any money and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to
sell off stock and put it into fixed income again. Fixed income now
because a reasonable position here for the first time in maybe 6 or
so years.
Exactly.
This in part contributed to the decline in the stock market thru
2022. One would think that the housing market would similarly
decline, but for single family properties there is too little
inventory for this to happen: everyone is still employed, and if they
bought any time before 2022 they likely have a comparatively low
mortgage rate that they are reluctant to let go of. This means that a
normal part of the SFR market, which is the "buy up" market, where
families want to sell their present home and get a bigger and/or
better one, is not doing it as much. So the complaining you mainly
here over here is 1st time buyers. The int rates are high AND the
inventory is low, keeping the asking price counterintuitively high.
That's how it was/is here in the US.
Ok
The one that did the money printing was of course Twump. Not Biden.
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who
were rapidly unemployed in 2020, and keeping the money pouring in
until 2022. Plus it was unnecessary to pay rents in many cases until
about 2022, so an employed person who had no interruption in income
could still not pay, in some places. This freed up the rent money for
discretionary spending, which boosted inflation here.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship. Similarly, forgiving student debt
would also free up a lot of discretionary spending, increasing
inflation pressures somewhat. As long as int rates are high, this
might keep inflation to 4-5%. But high int hurts business investment,
and ultimately jobs, so...
Pretty much this. + inflation was also influenced by energy costs &
bottlenecks in supply, China lockdown.
I think the Fed will make it certain that inflation is done and keeps
interest rates higher for longer. Then again that's costly for US debt...
The Fed sees the overnight rate as a handy tool to stimulate/destimulate
the US economy. The worst case is having something like a .5% overnight
rate and then along comes the need to stimulate. Then they only have quantitative easing--buying back their own bonds to put liquidity into
the hands of investors.
So right now we've got 5.33% and things are going OK here. They will not lower rates consistently until the economy stalls, and they want to
allow more lending to stimulate. To lower rates sooner than that is to
give away the tool when not required.
It could also be lowered/raised to influence elections. This is NEVER supposed to happen, but I wouldn't want to bet that it hasn't been used
that way, and will be used again.
The way it's going here, it won't be needed for the Nov election.
On 31.1.2024 0.17, TT wrote:
Pelle Svanslös kirjoitti 31.1.2024 klo 0.05:
On 30.1.2024 23.41, Sawfish wrote:
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second >>>>>>>> term, do you you think he gives a shit?
"Far from mismanaging inflation, Biden tamed it. As a result, >>>>>>>>>> America has fared better than other advanced countries. In >>>>>>>>>> 2023, while U.S. consumer prices rose 3.3 percent, they
increased 4.1 percent in France, 3.9 percent in Great Britain, >>>>>>>>>> and 3.7 percent in Germany. And we beat inflation without
sacrificing growth: In 2023, real GDP grew 2.5 percent in the >>>>>>>>>> United States compared to growth rates of 1.0 percent in
France, 0.5 percent in the United Kingdom, and negative 0.5 >>>>>>>>>> percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could >>>>>>>>> go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
That's actually how it seems to work now, in US elections. It's >>>>>>>> identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you
can continue using legerdemain until after it's off your plate >>>>>>>> and onto someone else's.
Yep. That's one theory... there's too much available liquidity
for financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should
there be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is
after these kinds of rate increases. Then again liquidity may
compensate. Some in the know say that the economy is not as great
as the numbers would suggest. What I can tell for certain is that
US stock market seems to be similar asset bubble than it was in
2000. If something breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money
that normally would have been in fixed income positions with decent
yield were gradually driven into either housing investment or
stocks. The fixed income yields were so low that no one could make
any money and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to
sell off stock and put it into fixed income again. Fixed income now
because a reasonable position here for the first time in maybe 6 or
so years.
This in part contributed to the decline in the stock market thru
2022. One would think that the housing market would similarly
decline, but for single family properties there is too little
inventory for this to happen: everyone is still employed, and if
they bought any time before 2022 they likely have a comparatively
low mortgage rate that they are reluctant to let go of. This means
that a normal part of the SFR market, which is the "buy up" market,
where families want to sell their present home and get a bigger
and/or better one, is not doing it as much. So the complaining you
mainly here over here is 1st time buyers. The int rates are high AND
the inventory is low, keeping the asking price counterintuitively high. >>>>
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden. >>>>>>
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who
were rapidly unemployed in 2020, and keeping the money pouring in
until 2022. Plus it was unnecessary to pay rents in many cases until
about 2022, so an employed person who had no interruption in income
could still not pay, in some places. This freed up the rent money
for discretionary spending, which boosted inflation here.
Part of it. Just today my daily MSM had an article on how economists
erred at the time on the inflation. This source inflation was seen as
a minor annoyance and everybody thought it would be over quickly.
That's why the late reactions all over the world.
The Fed was late to react (to raise interest rates) because as they
said, "the inflation is transitory". Well it wasn't.
Isn't that what I just said? The covid caused bottleneck that made the inflation less transitory is considered a different source for inflation.
Now Powell (& Europe) is half-forced to keep the rates higher for
longer to not fuck it up AGAIN. (to lower rates too soon and get
inflation back)
The US is on a steady course. Europe isn't. We only have domestic German coal.
Apparently EU has no own monetary policy but just follows USA, so they
thought the same.
On top of this was the covid caused bottlenecks in production etc.
Without this, the above would of possibly withered away. In Europe,
energy prices made everything yet worse.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship.
Twump sent unsolicited cash to everybody!!!! How's THAT for vote
begging. Even in the nanny of all nanny states, Finland, this is a
major faux-pas. Curiously enough, some economists think it was a good
thing. Lol.
Well our SuperSanna said that you can take all the debt because it's
for free... (with zero interest rates, maybe)
Well, now that it isn't free Frau Braun is taking even more of it.
On 30/01/2024 21:20, Pelle Svanslös wrote:
On 30.1.2024 23.02, Sawfish wrote:
On 1/30/24 12:42 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:My gut feeling is that the US economy will be comparatively good in
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second
"Far from mismanaging inflation, Biden tamed it. As a result,
America has fared better than other advanced countries. In 2023, >>>>>>> while U.S. consumer prices rose 3.3 percent, they increased 4.1
percent in France, 3.9 percent in Great Britain, and 3.7 percent >>>>>>> in Germany. And we beat inflation without sacrificing growth: In >>>>>>> 2023, real GDP grew 2.5 percent in the United States compared to >>>>>>> growth rates of 1.0 percent in France, 0.5 percent in the United >>>>>>> Kingdom, and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could go
wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
term, do you you think he gives a shit?
That's actually how it seems to work now, in US elections. It's
identical to the way corporate officers think in terms of quarterly
P/L reports. Fix it to look good, and hope that you can continue
using legerdemain until after it's off your plate and onto someone
else's.
Yep. That's one theory... there's too much available liquidity for
financial tightening to take effect before the elections.
Not sure if Powell is Democrat though, or even cares about elections.
Nov when the election is. If so, it will not be an issue that the GOP
can exploit.
The GOP is already exploiting it! Exploiting these days doesn't mean
you have to ga what is. There's always alternative facts.
they really don't need to, Biden's 7 million+ purposely open gates mass illegals immigrants has wrecked/disrupted so many towns/cities
throughout whole USA, economy is very secondary issue, gups would love
to secretly email you about how bad it is, perhaps has he has already?
On 30/01/2024 22:43, TT wrote:
Pelle Svanslös kirjoitti 31.1.2024 klo 0.29:
On 31.1.2024 0.17, TT wrote:
Pelle Svanslös kirjoitti 31.1.2024 klo 0.05:
On 30.1.2024 23.41, Sawfish wrote:
On 1/30/24 1:09 PM, TT wrote:Part of it. Just today my daily MSM had an article on how
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:But the US money supply has been going down lately. Why should >>>>>>>> there be more tightening?
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second >>>>>>>>>> term, do you you think he gives a shit?
"Far from mismanaging inflation, Biden tamed it. As a
result, America has fared better than other advanced
countries. In 2023, while U.S. consumer prices rose 3.3 >>>>>>>>>>>> percent, they increased 4.1 percent in France, 3.9 percent >>>>>>>>>>>> in Great Britain, and 3.7 percent in Germany. And we beat >>>>>>>>>>>> inflation without sacrificing growth: In 2023, real GDP grew >>>>>>>>>>>> 2.5 percent in the United States compared to growth rates of >>>>>>>>>>>> 1.0 percent in France, 0.5 percent in the United Kingdom, >>>>>>>>>>>> and negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What >>>>>>>>>>> could go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
That's actually how it seems to work now, in US elections. >>>>>>>>>> It's identical to the way corporate officers think in terms of >>>>>>>>>> quarterly P/L reports. Fix it to look good, and hope that you >>>>>>>>>> can continue using legerdemain until after it's off your plate >>>>>>>>>> and onto someone else's.
Yep. That's one theory... there's too much available liquidity >>>>>>>>> for financial tightening to take effect before the elections. >>>>>>>>
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is
after these kinds of rate increases. Then again liquidity may
compensate. Some in the know say that the economy is not as great >>>>>>> as the numbers would suggest. What I can tell for certain is that >>>>>>> US stock market seems to be similar asset bubble than it was in
2000. If something breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money >>>>>> that normally would have been in fixed income positions with
decent yield were gradually driven into either housing investment
or stocks. The fixed income yields were so low that no one could
make any money and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a >>>>>> result of COVID support spending as the main cause) it became OK
to sell off stock and put it into fixed income again. Fixed income >>>>>> now because a reasonable position here for the first time in maybe >>>>>> 6 or so years.
This in part contributed to the decline in the stock market thru
2022. One would think that the housing market would similarly
decline, but for single family properties there is too little
inventory for this to happen: everyone is still employed, and if
they bought any time before 2022 they likely have a comparatively
low mortgage rate that they are reluctant to let go of. This means >>>>>> that a normal part of the SFR market, which is the "buy up"
market, where families want to sell their present home and get a
bigger and/or better one, is not doing it as much. So the
complaining you mainly here over here is 1st time buyers. The int
rates are high AND the inventory is low, keeping the asking price
counterintuitively high.
That's how it was/is here in the US.
The one that did the money printing was of course Twump. Not Biden. >>>>>>>>
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who
were rapidly unemployed in 2020, and keeping the money pouring in
until 2022. Plus it was unnecessary to pay rents in many cases
until about 2022, so an employed person who had no interruption in >>>>>> income could still not pay, in some places. This freed up the
rent money for discretionary spending, which boosted inflation here. >>>>>
economists erred at the time on the inflation. This source
inflation was seen as a minor annoyance and everybody thought it
would be over quickly. That's why the late reactions all over the
world.
The Fed was late to react (to raise interest rates) because as they
said, "the inflation is transitory". Well it wasn't.
Isn't that what I just said? The covid caused bottleneck that made
the inflation less transitory is considered a different source for
inflation.
Now Powell (& Europe) is half-forced to keep the rates higher for
longer to not fuck it up AGAIN. (to lower rates too soon and get
inflation back)
The US is on a steady course. Europe isn't. We only have domestic
German coal.
EU inflation seems pretty much the same as in USA.
Apparently EU has no own monetary policy but just follows USA, so
they thought the same.
On top of this was the covid caused bottlenecks in production etc.
Without this, the above would of possibly withered away. In Europe,
energy prices made everything yet worse.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship.
Twump sent unsolicited cash to everybody!!!! How's THAT for vote
begging. Even in the nanny of all nanny states, Finland, this is a
major faux-pas. Curiously enough, some economists think it was a
good thing. Lol.
Well our SuperSanna said that you can take all the debt because it's
for free... (with zero interest rates, maybe)
Well, now that it isn't free Frau Braun is taking even more of it.
Inherited from Supersanna, our slutty former PM.
she sold Finland out, wrecked the country and then went modelling with
her World Economic Forum pals.
On 1/30/24 2:46 PM, TT wrote:
Sawfish kirjoitti 31.1.2024 klo 0.17:I think it will be Biden. The under ticket (state, local) might go GOP
On 1/30/24 2:06 PM, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 23.41:
On 1/30/24 1:09 PM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 22.49:
On 30.1.2024 22.42, TT wrote:
Sawfish kirjoitti 30.1.2024 klo 21.58:
On 1/30/24 11:47 AM, TT wrote:
Pelle Svanslös kirjoitti 30.1.2024 klo 19.29:If it doesn't go wrong until after he's elected for his second >>>>>>>>> term, do you you think he gives a shit?
"Far from mismanaging inflation, Biden tamed it. As a result, >>>>>>>>>>> America has fared better than other advanced countries. In >>>>>>>>>>> 2023, while U.S. consumer prices rose 3.3 percent, they
increased 4.1 percent in France, 3.9 percent in Great
Britain, and 3.7 percent in Germany. And we beat inflation >>>>>>>>>>> without sacrificing growth: In 2023, real GDP grew 2.5
percent in the United States compared to growth rates of 1.0 >>>>>>>>>>> percent in France, 0.5 percent in the United Kingdom, and >>>>>>>>>>> negative 0.5 percent in Germany."
https://washingtonmonthly.com/2024/01/26/data-dont-lie-bidens-economic-record-is-much-better-than-trumps/
Yep. Bidenomics rule.
Print money, increase debt, have inflation. Genius. What could >>>>>>>>>> go wrong?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ibkwhFJl4FdA/v1/-999x-999.gif
That's actually how it seems to work now, in US elections. It's >>>>>>>>> identical to the way corporate officers think in terms of
quarterly P/L reports. Fix it to look good, and hope that you >>>>>>>>> can continue using legerdemain until after it's off your plate >>>>>>>>> and onto someone else's.
Yep. That's one theory... there's too much available liquidity >>>>>>>> for financial tightening to take effect before the elections.
But the US money supply has been going down lately. Why should
there be more tightening?
It has gone down quite little after a massive increase...
https://tradingeconomics.com/united-states/m3-for-the-united-states-fed-data.html
(click the timeline to 10 years)
All experts say the US is making a soft landing
post-inflation. It certainly looks good.
Yep, well... hard to say how soft it will be. It rarely ever is
after these kinds of rate increases. Then again liquidity may
compensate. Some in the know say that the economy is not as great
as the numbers would suggest. What I can tell for certain is that
US stock market seems to be similar asset bubble than it was in
2000. If something breaks it could become ugly.
This is something to think about.
In the US, all thru the low interest period following the 2008
liquidity crisis and housing collapse much of the lower risk money
that normally would have been in fixed income positions with decent
yield were gradually driven into either housing investment or
stocks. The fixed income yields were so low that no one could make >>>>> any money and they had to go elsewhere.
Then, when the rates started going up due to inflation (probably a
result of COVID support spending as the main cause) it became OK to
sell off stock and put it into fixed income again. Fixed income now
because a reasonable position here for the first time in maybe 6 or
so years.
Exactly.
This in part contributed to the decline in the stock market thru
2022. One would think that the housing market would similarly
decline, but for single family properties there is too little
inventory for this to happen: everyone is still employed, and if
they bought any time before 2022 they likely have a comparatively
low mortgage rate that they are reluctant to let go of. This means
that a normal part of the SFR market, which is the "buy up" market,
where families want to sell their present home and get a bigger
and/or better one, is not doing it as much. So the complaining you
mainly here over here is 1st time buyers. The int rates are high
AND the inventory is low, keeping the asking price
counterintuitively high.
That's how it was/is here in the US.
Ok
The one that did the money printing was of course Twump. Not Biden. >>>>>>>
Both plus The Fed & congress.
Here is was essentially putting money into the hands of those who
were rapidly unemployed in 2020, and keeping the money pouring in
until 2022. Plus it was unnecessary to pay rents in many cases
until about 2022, so an employed person who had no interruption in
income could still not pay, in some places. This freed up the rent
money for discretionary spending, which boosted inflation here.
The US government erred vastly on the side of generosity so as to
avoid widespread economic hardship. Similarly, forgiving student
debt would also free up a lot of discretionary spending, increasing
inflation pressures somewhat. As long as int rates are high, this
might keep inflation to 4-5%. But high int hurts business
investment, and ultimately jobs, so...
Pretty much this. + inflation was also influenced by energy costs &
bottlenecks in supply, China lockdown.
I think the Fed will make it certain that inflation is done and
keeps interest rates higher for longer. Then again that's costly for
US debt...
The Fed sees the overnight rate as a handy tool to
stimulate/destimulate the US economy. The worst case is having
something like a .5% overnight rate and then along comes the need to
stimulate. Then they only have quantitative easing--buying back their
own bonds to put liquidity into the hands of investors.
So right now we've got 5.33% and things are going OK here. They will
not lower rates consistently until the economy stalls, and they want
to allow more lending to stimulate. To lower rates sooner than that
is to give away the tool when not required.
It could also be lowered/raised to influence elections. This is NEVER
supposed to happen, but I wouldn't want to bet that it hasn't been
used that way, and will be used again.
The way it's going here, it won't be needed for the Nov election.
Which one do you think will win the presidency?
or blue dog Demo, though. This will not be an ideological election.
Biden is arguing to cut barbed wire so that they can "process" the
illegal immigrants
TT <TT@dprk.kp> writes:
The Iceberg kirjoitti 31.1.2024 klo 2.31:
WTF is wrong with Biden, wanting open borders...
But does he? Where do you get your info?
TT <TT@dprk.kp> writes:
It sure comes off that way. Biden is arguing to cut barbed wire so
that they can "process" the illegal immigrants. If the process is
anything like in Finland they'll stay for rest of their lives.
What's the need for processing when barbed wire is more effective. Or
is it about saving face.
There are two key reasons. First, there is a US law that any migrant
who reaches US soil must be processed. Second, the federal government
is in charge of the border, not Texas. Based on the US federalist
system, the state must back down to the federal government. These are
both matters of law.
Yes, Biden claims to shut down the border immediately by executive
order... but will he & will he open it in couple of weeks when the
"crisis" is over...
It's part of a new border bill he's trying to get passed. If it were to
be passed he would be required by law to shut down the border under
certain conditions. Republicans are opposing it, openly saying they
don't want to give Biden a win. You see, they want an issue to run on,
and they don't want the problem to get better as that would hurt their
and Trump's chances in November.
Frau Braun
TT kirjoitti 31.1.2024 klo 0.43:> Frau BraunAh, Germany...https://x.com/RadioGenoa/status/1752799061785104846?s=20Beautiful. Tomorrow belongs to me.
TT <TT@dprk.kp> Wrote in message:r
TT kirjoitti 31.1.2024 klo 0.43:> Frau BraunAh, Germany...https://x.com/RadioGenoa/status/1752799061785104846?s=20Beautiful. Tomorrow belongs to me.
Day after tomorrow is ours though.
https://youtu.be/CePKyDy1_ak?si=tcFaOnTbIgVqzW_B
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