Bidenomics

61,015 Views | 804 Replies | Last: 9 hrs ago by bear2034
Cal88
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Good short essay on the broken corporate oligarchy that is the US healthcare system, and observation on regulatory capture.

DiabloWags
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bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.


You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?


"Cults don't end well. They really don't."
bear2034
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DiabloWags said:

bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.
dajo9
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bear2034 said:

DiabloWags said:

bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.


Provide an example
Happy Roevember
DiabloWags
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dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.


Provide an example

He can't.
"Cults don't end well. They really don't."
bear2034
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dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.
Provide an example

Just look at every post from you on this thread for the last 3.5 years.
bear2034
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DiabloWags said:

dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

DiabloWags said:

More dumbass BS from bear2034.

No GDP comparison. And never mind that 3.1 million jobs were lost during Trump 's term.

Youre not very smart.
Youre perpetually dumb.

Bro, you've resorted to using dajo's distorted line of thinking now. This is what happens when you pay money to read Peggy Noonan.

You were the same Clown that was parrotting Trump saying that the economy had the fastest economic growth in history in Q3-2020 with GDP at 33.1%"

Hypocrite much?

Not really, you guys were the ones parroting fake and misleading economic data including jobs numbers related to the pandemic and recovery.
Provide an example
He can't.
Here's another one that your buddy just posted:

https://bearinsider.com/forums/6/topics/122505/1
bear2034
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bear2034
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bear2034
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dajo9
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Donold's Great Depression of 2024 Watch:

The S&P 500 reached a new record high on Thursday. President Biden continues to be the worst communist ever. In August the retail sales portion of the GDP calculation rose an annualized 5.7%. The World Bank raised its global 2024 growth rate prediction to 2.6% from 2.4% citing strong growth in the U.S.


https://www.bloomberg.com/news/articles/2024-09-17/us-retail-sales-unexpectedly-increase-after-upward-revision
https://finance.yahoo.com/news/strong-us-economy-lifts-global-223024821.html
Happy Roevember
dajo9
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Economist Mark Zandi:


Quote:

There is no denying it. This is among the best performing economies in my 35+ years as an economist.


https://www.forexlive.com/centralbank/us-economy-there-is-no-denying-it-among-the-best-performing-economies-in-35-years-20240929/
Happy Roevember
dajo9
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The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.

Happy Roevember
calbear93
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Moving away from propaganda, this is my personal view from the data I am seeing (not just articles but from economists and sell-side analysts at banks).

Currently at the lower part of the wave in cyclical industries, especially those involved in EV and overall manufacturing and with challenges from demand and isolationism in China somewhat offset by other high growth markets (China is no longer viewed as high growth market). Lower government spending with election coming up. Insider sentiments are that markets would do slightly better with a Trump election with less regulation but risk of more tariffs and chaos with Trump as well. More risks from potential oil price hitting high numbers due to Middle East conflicts. However, still no strong consumer or market support for electrification. Despite job report, still a soft market for high paying jobs. Attrition is down as people are afraid of leaving jobs, reducing wage increase in professional and white collar roles More and more companies doing restructuring to contain costs in light of uncertainty on the top line revenue. Still uncertainty on inflation, although not a big risk especially with reduced risk of supply chain constraints from unions. Oil may be a pain point for consumers. Tech companies like Google had previously dedicated almost all resources to AI but that is slowing. AI investment focus continues, although efficiency in spending on AI is getting more attention. After initial rate drop, interest rates are creeping back up slightly. Still a challenging environment for consumers with high debt loads. Mixed bag.
DiabloWags
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dajo9 said:

The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.


I wouldn't use the word "admitted".
That's misleading.

Monthly jobs numbers are always subjected to revision.

At the end of the day, 254,000 was a significant "beat" on the Dow Jones economist consensus at 150,000.
The median estimate based on 25 estimates collected by FactSet was 140,000.

This is a BLOWOUT number and may make the Fed somewhat hesitant to aggressively cut rates between now and year end as had been expected.

"Cults don't end well. They really don't."
dajo9
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DiabloWags said:

dajo9 said:

The greatest economy of the 21st century, so far, rages on. 254,000 new jobs in September. 4% annualized wage gains - well above inflation.

Also, they admitted that they did not count 72k jobs in July and August that have been added to the jobs report.


I wouldn't use the word "admitted".
That's misleading.

Monthly jobs numbers are always subjected to revision.

At the end of the day, 254,000 was a significant "beat" on the Dow Jones economist consensus at 150,000.
The median estimate based on 25 estimates collected by FactSet was 140,000.

This is a BLOWOUT number and may make the Fed somewhat hesitant to aggressively cut rates between now and year end as had been expected.


That's just me trolling the MAGAts. Every time there is a downward revision they use the word "admitted" because, as you say, it is misleading.
Happy Roevember
dajo9
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The greatest economy of the 21st century has delivered another 0.4% bump in retail sales. Our economy is the envy of the world. We couldn't have done it without the influx of migrants who filled the jobs needed as Boomers retired. Thank you President Biden, who will likely go down as the best President of our lifetimes.

https://www.cnbc.com/2024/10/17/retail-sales-rose-0point4percent-in-september-better-than-expected-jobless-claims-dip.html
Happy Roevember
82gradDLSdad
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dajo9 said:




How is Trump even still in the race? We are doing so well and Kamala has such a wonderful vision for us. I don't understand.
AunBear89
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Tribalism. Just ask your coffee buddies if they would ever vote for anyone that didn't have an "R" after their name.
"There are three kinds of lies: lies, damned lies, and statistics." -- (maybe) Benjamin Disraeli, popularized by Mark Twain
82gradDLSdad
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AunBear89 said:

Tribalism. Just ask your coffee buddies if they would ever vote for anyone that didn't have an "R" after their name.
. Two of them have. I voted for Biden last election. Geez, just try. It's not hard. Some bad kids are good. Some good kids are bad. Surely you must have run into this in your life.
AunBear89
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That's very interesting, if true. You do realize that you are extreme outliers in your party? And the fact remains that Trump is still in the race because his base would vote for him under any circumstances. Look at the efforts now to explain how the 40 minute dance break was a genius move on his part, and has nothing to do with his mental acuity.

And you still manage to parrot tribalistic commentary about Kamala. A large amount of what you declare is essential copy paste talking points from the Trump War Room.

Some bad kids can be good, but often times the good was a one off, and they return to their bad behaviors pretty quickly.
"There are three kinds of lies: lies, damned lies, and statistics." -- (maybe) Benjamin Disraeli, popularized by Mark Twain
82gradDLSdad
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AunBear89 said:

That's very interesting, if true. You do realize that you are extreme outliers in your party?

And you still manage to parrot tribalistic commentary about Kamala. A large amount of what you declare is essential copy paste talking points from the Trump War Room.

Some bad kids can be good, but often times the good was a one off, and they return to their bad behaviors pretty quickly.
You need to get out more.
AunBear89
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You need to stop pretending you know anything about me. I get out plenty.

And I guess your flippent jerk response will have to masquerade as a substantive reply to my post.
"There are three kinds of lies: lies, damned lies, and statistics." -- (maybe) Benjamin Disraeli, popularized by Mark Twain
82gradDLSdad
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AunBear89 said:

You need to stop pretending you know anything about me. I get out plenty.

And I guess your flippent jerk response will have to masquerade as a substantive reply to my post.
. You're projecting. We are better than you think we are. Have a good day.
DiabloWags
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Update:

The Fed's Atlanta GDPNow forecast for Q3 is at 3.4%

Meanwhile, prices continue to ease.


"Cults don't end well. They really don't."
DiabloWags
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Massive increase in yield during October as the market figures out that Trump's policies would usher in more spending and tax cuts . . . and increase the debt at a time when U.S. borrowing is highly elevated.

10 Year yield back up at 4.24%


"Cults don't end well. They really don't."
Emhoff Hit His Girlfriend
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https://media1.tenor.com/m/ca0S_LjritkAAAAC/shoshanna-laughing.gif
bear2034
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I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.
DiabloWags
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bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.


"Cults don't end well. They really don't."
bear2034
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DiabloWags said:

bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.
dajo9
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bear2034 said:

DiabloWags said:

bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.


And inflation. But you can't figure that part out.
Happy Roevember
bear2034
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dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.

And inflation. But you can't figure that part out.

And more poverty.
dajo9
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bear2034 said:

dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.

And inflation. But you can't figure that part out.

And more poverty.


You don't understand economics. Under the inflationary, economy saving giveaways, poverty tanked. It's all part of covid and President Biden returning our economy to strength from chaos.
Happy Roevember
DiabloWags
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dajo9 said:

bear2034 said:

DiabloWags said:

bear2034 said:

I'm sure both dajo9 and Wags have an explanation for this huge miss of a 100,000 jobs.

A.) The Unemployment Rate Held Steady at 4.1%

B.) Hurricanes Helene and Milton likely reduced employment last month by about 70,000 in the Southeast,

C.) An ongoing Boeing strike along with smaller walkouts at Textron, an aerospace parts maker, and Hilton Hotels most likely suppressed payrolls by about 40,000, according to Nomura.

D.) About 512,000 people said they were unable to work because of weather, compared to a historical average of 32,000.

E.) Bear2034 isn't the sharpest tool in the shed.

Oh, so you do understand that things like natural disasters, pandemics, and government shutdowns affect jobs numbers.


And inflation. But you can't figure that part out.

Again, Bear1234 isn't the sharpest "tool" in the shed.
We already know that.

Came across this basket of organic strawberries at Lunardi's Market today.
Must be Biden's fault.



"Cults don't end well. They really don't."
bear2034
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Don't forget that 46,000 American manufacturing jobs were lost per the latest disastrous jobs report.
 
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