The Biden Recession Thread

[PT Stewie]

The Biden administration......

 

[Operational needs]

 

[BrownFlush]

White House denies we are in a recession.
White House denies inflation is a bad thing.
White House denies crime is a problem.
White House denies we even have a southern border, much less a problem.
White House denies male and female are the only two genders.
White House denies knowing Hunter Biden's business.
White House denies use of domestic oil and natural gas.
White House denies obvious demented state of Biden.

White House is a ST House full of corruption and lies.

 

[BrownFlush]

 

[Wally]

Trump did downplay and deny the recession of 2020.

So you are comparing the covid shutdown caused recession with what is happening now? Lol

 

[Wally]

 

[oldngray]

 

[newolddude]

Thanks Biden.

Unprecedented profit for major oil drillers as prices soared

Oil companies were swimming in record profits the last few months. They were benefiting from high energy costs at a time when Americans struggled to pay for gasoline, food and other basic necessities.

apnews.com

 

[BrownFlush]

 

[Up In Smoke]

So you are comparing the covid shutdown caused recession with what is happening now? Lol

Just pointing out the criteria used to determine the current recession would relate to the past one. As an employer, we need a recession to reset the wage growth increases.

 

[Up In Smoke]

Thanks Biden.

Unprecedented profit for major oil drillers as prices soared

Oil companies were swimming in record profits the last few months. They were benefiting from high energy costs at a time when Americans struggled to pay for gasoline, food and other basic necessities.

apnews.com

It's crazy to see a 300 billion dollar company's profit is the same as a 2.6 trillion dollar company.

 

[Fenris]

Just pointing out the criteria used to determine the current recession would relate to the past one. As an employer, we need a recession to reset the wage growth increases.

the 2020 recession lasted all of two months, so if we are normalizing the criteria, we are in a much lengthier recession currently.

 

[newfie]

the 2020 recession lasted all of two months, so if we are normalizing the criteria, we are in a much lengthier recession currently.

with interest rates going up dramatically the future quarters will also be down. Dems are stupid to play word salad with recession

 

[Wally]

MSN

 

[newfie]

MSN

i watch the business channels during the day when i can. there are still a lot of so called experts that think we've hit the bottom and are recommending buying more stocks.
reminds me of kramer in 2008 and 2009 who kept screaming buy as the market crashed.

 

[IVE GOTTA PACKAGE 4U]

i watch the business channels during the day when i can. there are still a lot of so called experts that think we've hit the bottom and are recommending buying more stocks.
reminds me of kramer in 2008 and 2009 who kept screaming buy as the market crashed.

I'm still putting money in the stock market every week. But not all of my contributions .

 

[newfie]

I'm still putting money in the stock market every week. But not all of my contributions .

If the inflation rate stays up the fed will keep jacking up the interest rates.
the fed is raising the rates too quickly .
good management of this economy is to make smaller incremental changes sooner.
there is nothing that would have stopped them from making a few modest changes in the rate the last couple of years.

a couple more months of high inflation rates followed by higher interest rates can and will strangle this economy.
at the same time if the inflation rate slows a bit than the market could move the other way.

inflation is caused when there is more money in the economy than there is product to buy. this creates competition which drives up the cost of the product.

the government pumped 6 trillion dollars into our economy in the last couple of years at the same time we had supply shortages
bad combination.

the government just passed some bills that could add another trillion dollars to the economy and keep feeding the inflation.

the river is overflowing its banks and our solution is to pump the excess water back into the river.

 

[IVE GOTTA PACKAGE 4U]

If the inflation rate stays up the fed will keep jacking up the interest rates.
the fed is raising the rates too quickly .
good management of this economy is to make smaller incremental changes sooner.
there is nothing that would have stopped them from making a few modest changes in the rate the last couple of years.

a couple more months of high inflation rates followed by higher interest rates can and will strangle this economy.
at the same time if the inflation rate slows a bit than the market could move the other way.

inflation is caused when there is more money in the economy than there is product to buy. this creates competition which drives up the cost of the product.

the government pumped 6 trillion dollars into our economy in the last couple of years at the same time we had supply shortages
bad combination.

the government just passed some bills that could add another trillion dollars to the economy and keep feeding the inflation.

the river is overflowing its banks and our solution is to pump the excess water back into the river.

This would be a very scary time if you was drawing from your portfolio for retirement

 

[Up In Smoke]

If the inflation rate stays up the fed will keep jacking up the interest rates.
the fed is raising the rates too quickly .
good management of this economy is to make smaller incremental changes sooner.
there is nothing that would have stopped them from making a few modest changes in the rate the last couple of years.

a couple more months of high inflation rates followed by higher interest rates can and will strangle this economy.
at the same time if the inflation rate slows a bit than the market could move the other way.

inflation is caused when there is more money in the economy than there is product to buy. this creates competition which drives up the cost of the product.

the government pumped 6 trillion dollars into our economy in the last couple of years at the same time we had supply shortages
bad combination.

the government just passed some bills that could add another trillion dollars to the economy and keep feeding the inflation.

the river is overflowing its banks and our solution is to pump the excess water back into the river.

Powell and the other Fed Presidents tried raising interest rates in 2018 as they saw the money supply swell from tax breaks. These increases were greeted with displeasure from the White House as the thought would be a slowing of the economy and affect on the stock market. The Fed reversed course some 6 months later because the economy couldn't yet handle increase in rates and reduction of it's bond buying. Hind sight being closer to 20/20, the Fed's decision to turn tail and run has made this current situation much worse. Add in all the money added in 2020-2021 and here we are inflicting maximum pain.

 

[Wally]

If the inflation rate stays up the fed will keep jacking up the interest rates.
the fed is raising the rates too quickly .
good management of this economy is to make smaller incremental changes sooner.
there is nothing that would have stopped them from making a few modest changes in the rate the last couple of years.

a couple more months of high inflation rates followed by higher interest rates can and will strangle this economy.
at the same time if the inflation rate slows a bit than the market could move the other way.

inflation is caused when there is more money in the economy than there is product to buy. this creates competition which drives up the cost of the product.

the government pumped 6 trillion dollars into our economy in the last couple of years at the same time we had supply shortages
bad combination.

the government just passed some bills that could add another trillion dollars to the economy and keep feeding the inflation.

the river is overflowing its banks and our solution is to pump the excess water back into the river.

The Biden caused price of fuel is killing business activity as well. People cut back to adjust.