Independent thinking for complex markets and current events
America mostly dodged the Bidenomics bullet, but we’re not out of the woods yet. China’s unraveling economy offers a stark warning: bad economic ideas don’t simply fade away.There will be more Bidenomics bullets in our future – here’s what to watch out for… By Peter Reagan There’s an old analogy that’s probably overused: “I just dodged …
by confoundedinterest17 We are now seeing the aftermath of Biden’s failed, top-down, Soviet-style economic policies (or follicies). And it is grim. Bidenomics is now fully exposed like The Fully Month. Except this is The Full Joe! The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 …
US Debt Growing by $1000 billion every 100 days pic.twitter.com/O1UwAch94y — Willem Middelkoop (@wmiddelkoop) December 26, 2024 On the next advancing cycle in gold towards $2,900, I expect senior gold miners GDX test $48 mark. Gold $3,400, GDX to $65. This is my personal view… pic.twitter.com/kr0MTHUkGo — Rashad Hajiyev (@hajiyev_rashad) December 26, 2024 Behold the …
TLDR: TIME claims Biden deserves credit, not Trump, for economic success. Article ignores inflation, rising consumer prices, and debt-driven GDP growth. Wage recovery offset by prior months of disproportionate inflation growth. Consumer confidence remains weaker compared to pre-Biden levels. Energy production thrives despite, not because of, Biden’s policies. SPITS OUT COFFEE: TIME Tells Readers ‘Don’t …
The left will unironically say that any success he has is because of bidens policies and any negatives are because his ineptitude These people live devoid of reality h/t EuphoricTrilby
Although Biden’s presidency is almost over, the economic trauma Bidenomics caused is still around. Today, we take a deep dive into the consequences of the administration’s fiscal decisions, and try to discover just how long they’ll last… Key Takeaways Bidenomics has led to severe economic difficulties due to rising inflation and national debt A lower …
Each dollar in your paycheck has lost 17% of its value under Bidenomics, the appetizer for Kamunism. Check out @Heritage new personal inflation calculator to see exactly how much inflation is costing your family budget now! https://t.co/6BGc9O3vOq — Richard A. Stern (@RichAStern) September 11, 2024 Look what’s been quietly creeping up in price all year? …
by confoundedinterest17 Bidenomics (actually Biden/Harrisnomics) is all about huge payoffs to large, powerful donors. A good example is The Chips Act, intended to bring chip manufacturing back to the US from Taiwan, China, etc. Biden/Harris doled out $8.5 BILLION to Intel … which just laid off 15% of it’s labor force or 15k workers. Intel has suspended dividends …
BY DAVID HAGGITH And I’m DEAD WRONG on all of it (if all that you read is true)… but so is the Fed! Photo by Andrej Lišakov on Unsplash I’ve had, one might say, a great run for all of my predictions this year. Every step along the way, I was able to show where they came true. …
by confoundedinterest17 The US economy is going down. 2024 hasn’t been a good year for Bidenomics. The Economic Surprise Index is falling to its lowest point in years. The economic confidence index has been terrible since Covid and Biden’s Reign of Ecoomic Error. We need to give Biden the hook!’ And I don’t want The …
President Joe Biden’s economic strategy, “Bidenomics,” is a failure. Let’s start with inflation. The Biden administration claims that the Inflation Reduction Act of 2022 fights inflation, lowers healthcare costs, fights damaging climate change, and reduces the federal deficit. Not one of those statements is true. Inflation remains elevated above the Federal Reserve’s 2% target. Healthcare costs are soaring, with many families struggling to pay …
Restaurants closing in 2024: – Fuddruckers is expected to close ALL locations by the end of the year – Old Country Buffet is closing ALL remainder locations – IHOP is closing 100 locations – Buffalo Wild Wings is closing ALL Canada locations as well as 60 locations in the US – Applebee’s is closing 35 …
McDonalds, where the pickle is now thicker than the patty. 🇺🇸Biden’s Shrinkflation in Action “MCDONALD’S?! You can see through the party! The pickle is thicker than the patty.” pic.twitter.com/ElS7ZksocE — Mario Nawfal (@MarioNawfal) May 13, 2024 h/t John Dutton
Brace yourselves for the economic storm! The heartland of America is trembling as the median mortgage payment skyrockets to an unprecedented $2,894 per month, shattering all previous records. But the nightmare doesn’t end there. In the wake of Bidenomics, renters and prospective homeowners are being mercilessly squeezed, with only those fortunate enough to have secured …
Stan Druckenmiller on Bidenomics: “If I was a professor, I’d give him an F. Treasury is still spending like we’re in a depression. We have 7% budget deficits at full employment… it’s unheard of.” pic.twitter.com/YTs0EgLkjF — unusual_whales (@unusual_whales) May 12, 2024 Whether it’s a Democrat or Republican in office we overspend. Regardless of whether or …
Economic uncertainty and automation fuel job insecurities among American workers, prompting a desire for upskilling and professional development. Survey of 2,000 employed adults reveals anxieties about job security and skill relevancy. Concerns include distress about the job market (25%) and feeling unstable in their industries (22%). 32% worry about falling behind or lacking necessary skills, …
by confoundedinterest17 COVID was a gift to Biden. The furious Federal spending of Q2 2020 through Q1 2021 helped keep GDP growth above recession levels. Ignore Biden’s demented rants/lies about cutting the debt in half. Biden has claimed he cut the $34+ trillion national debt by $7 billion, $1.4 trillion, $1.7 billion, $1.7 trillion, and …
A panel of undecided voters featured on MSNBC’s “Morning Joe” unanimously raised their hands when asked if former President Donald Trump’s economic policies would be better for their families. Around one in five homeowners and renters said they are skipping meals to afford housing under President Joe Biden’s economy, according to a Friday survey conducted …
by confoundedinterest17 Chicago Illinois used to be a shiny toy. Soft’ survey data has been a bloodbath this week with regional Fed surveys all slumping and this morning’s Chicago PMI uglier than all expectations. That smashed ‘hope’ – the spread between hard and soft data – back to cycle lows… Source: Bloomberg Today’s Chicago PMI …
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)… Source: Bloomberg The 3-month annualized CPI rate was rose …
US CPI MOM ACTUAL 0.4% as well as core 0.4% annualized is 4.8% No where near 2% As the Fed has failed to get inflation back to “normal” for 3 years now Americans are the ones that pay the price literally! pic.twitter.com/1ptVRB0bkF — The Coastal Journal (@1CoastalJournal) March 12, 2024 The latest Consumer Price Index …
by confoundedinterest17 Somehow, Biden left this factoid out of his State of The Union (SOTU) address. In February, immigrants added 1,277 million jobs while native Americans lost -420,000 jobs according to the BLS. Or maybe Biden can change his campaign motto to “Make America Great Again … For Immigrants, NOT Natives.” In February, the unemployment rate unexpectedly …
by confoundedinterest17 Confidence! It’s what consumers DON’T have under Bidenomics. For the fourth straight month, The Conference Board revised its consumer confidence data significantly lower. In fact January’s was the biggest downward revision since Feb 2022. And Conference Board Consumer Confidence was DOWN to -3.90 in January, the worst since Feb 2022. It really isn’t surprising …
AOC laments the results of one-party rule and Bidenomics: "Rent in New York City, just like across the rest of this country, has gotten out of control. Our housing crisis has gotten to such epic proportions!" pic.twitter.com/3JptMsMfag — RNC Research (@RNCResearch) February 26, 2024
Milei’s Economic ‘Shock Therapy’ Pays Off, With Argentina Seeing First Budget Surplus in More Than a Decade. The nearly $600 million monthly surplus is the first to occur since August 2012, and the monthly inflation rate even fell in January to 20.6 percent from 25.5 percent. “The zero deficit is not negotiable,” the Economy Minister, …
by confoundedinterest17 That’s Bidenomics for you! The Conference Board’s Leading Economic Indicators (LEI) continued its decline in January, dropping 0.4% MoM (notably worse than the -0.1% MoM expectations), and December’s 0.1% declin e was revised down to a 0.2% decline. The biggest positive contributor to the leading index was stock prices (again) at +0.10 The biggest negative contributor was …
by confoundedinterest17 As some fans celebrate the Kansas City Chiefs Superbowl victory over the San Francisco 49ers (the game was so much like bread and circuses from the Roman Empire except for who is being thrown to the lions), we have been distracted from the horrible state of the US economy. Just review that horrible December …
by confoundedinterest17 As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen …