US Economy thread

[Jockey]

Here's Econ 101...in spite of BO's push for a "green" environment, everything travels by gas or diesel fuel. Hence, prices keep rising and the little guy, who can least afford it, gets hurt the most. Aka, trickle down economics.
As for me, I choose to drive the biggest, gas guzzlin', mf'er dat fits inta my suburban garage. And, refuse to make any apologies for it, hey?

You got a long ways to go before you are ready for Econ 101.

[TSmith34, Inc.]

You got a long ways to go before you are ready for Econ 101.

Yeah...he thinks that's what trickle down economics is. smh

[rocket surgeon]

His children need to have an intervention.  He's another one perilously close to being lost to a world of Fox News

Well, we  unfortunately see where your cnn,msnbc, cbs, nbc, abc nytimes gack has got us...your weekend at Bernie's hero has put us in a perpetual swirly.  At least fox called that one a bad idea before it started.  You smart guys have helped to "fundamentally" completely F' this country up in 3 years

[Uncle Rico]

Well, we  unfortunately see where your cnn,msnbc, cbs, nbc, abc nytimes gack has got us...your weekend at Bernie's hero has put us in a perpetual swirly.  At least fox called that one a bad idea before it started.  You smart guys have helped to "fundamentally" completely F' this country up in 3 years

8.5 out of 10

[TSmith34, Inc.]

Remember when Lenny claimed I was lying about Fox screaming that the economy was one step from catastrophic collapse?

Here's roqqet to tell you all about it...

[TSmith34, Inc.]

8.5 out of 10

Who knew that a side effect of horse paste was to cause you to put quote marks around random words?

[Uncle Rico]

Who knew that a side effect of horse paste was to cause you to put quote marks around random words?

The full study will be out any day now

[4everwarriors]

Stupid unnatural carnal knowledge has a 35-gallon tank and whines about gas being $3/gallon. LOL

Nah man, my cars need premium, hey?

[Jables1604]

As for me, I choose to drive the biggest, gas guzzlin', mf'er dat fits inta my suburban garage. And, refuse to make any apologies for it, hey?

Hard to imagine what you could be compensating for.

[Lennys Tap]

Remember when Lenny claimed I was lying about Fox screaming that the economy was one step from catastrophic collapse?

You were lying. Still lying. If not, please provide the link of Fox "screaming that the economy is/was one step away from catastrophic collapse".

Over the years I've seen plenty of forecasters on CNBC, CNN business and Fox business predict gloom and doom. But I've never seen anyone representing any network say what you claim "Fox says", let alone scream it. But you watch Fox more than anyone here, so if you've got something...

[TSmith34, Inc.]

Sure thing, honey, I'll get right on that for you, lol.

The day I made that post, I said that you could no doubt find a replay of Bartiromo's screechfest; you couldn't be bothered. But hey, feel free to turn on any Fox show any day of the week. Knock yourself out.

[Jockey]

You were lying. Still lying. If not, please provide the link of Fox "screaming that the economy is/was one step away from catastrophic collapse".

Over the years I've seen plenty of forecasters on CNBC, CNN business and Fox business predict gloom and doom. But I've never seen anyone representing any network say what you claim "Fox says", let alone scream it. But you watch Fox more than anyone here, so if you've got something...

"Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."

"I'm the guy that's praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks," he continued. "This should be a lesson I don't think we'll ever revisit. I don't think we'll ever see a bubble for any of our lifetimes again."


Not an isolated occurrence. Fox has been rooting for an economic collapse ever since Biden was elected - well at least since their efforts to overthrow the American gov't were unsuccessful.

[Lennys Tap]

"Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."

"I'm the guy that's praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks," he continued. "This should be a lesson I don't think we'll ever revisit. I don't think we'll ever see a bubble for any of our lifetimes again."


Not an isolated occurrence. Fox has been rooting for an economic collapse ever since Biden was elected - well at least since their efforts to overthrow the American gov't were unsuccessful.

Really, Jockey?

Harry Dent is a market predictor, writes a financial newsletter. He's been calling for a crash since at least 2009. When he (or anyone else) predicts a recession or a depression to any network that is NOT the network speaking. Just like it was NOT any of the networks speaking when Paul Krugman opined the same on their airwaves after Trumps election. Or do you think ABC, NBC, CBS and CNN were rooting for an economic collapse then?

[rocket surgeon]

Remember when Lenny claimed I was lying about Fox screaming that the economy was one step from catastrophic collapse?

Here's roqqet to tell you all about it...

  gee, you purported fox news haters seem to watch more than we do...but you don't seem to back pedal off your endorsement of ice cream face.  flippant people trying to tackle very serious issues spells where the problems really are

[TSmith34, Inc.]

  gee, you purported fox news haters seem to watch more than we do...but you don't seem to back pedal off your endorsement of ice cream face.  flippant people trying to tackle very serious issues spells where the problems really are

This is the U.S. Economy thread, right? So let's see:

* GDP UP strongly, beating all forecasts
* Job Growth UP strongly, crushing all forecasts
* Real Wages UP strongly
* Corporate profits UP strongly
* Unemployment under 4% for two straight years
* Energy production UP to all-time records
* Stock prices UP to all-time records
* Inflation DOWN significantly

But according to dentists, the economy "blows" and is "fundamentally" fucked up.

I wonder where they could gotten those ideas?

[The Sultan]

Yeah, but ice cream face and Hunter's laptop and all...

[TSmith34, Inc.]

https://www.msnbc.com/opinion/opinion/republican-economy-voters-bias-partisan-2024-rcna126194

"The polling data doesn't show that Americans think the economy stinks so much as it shows that Republicans say it stinks.

It's hard to know whether Republicans actually believe this. But it's beyond doubt that partisanship plays a key role in what people tell pollsters about the economy.

A pair of economists who examined decades of polling data concluded, "While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats."

When you break poll results on the economy out by party identification, you see how eager Republicans are to say the economy is terrible. For instance, in the latest Economist/YouGov poll, a full 75% of Republicans said the economy is "getting worse," an assertion that is false by almost every conceivable measure.

The conservative media and the associated echo chamber is relentless in its insistence that with a Democrat in the White House, America is a land of unending misery and despair. And with the country as polarized as it is, even Republicans who don't spend their evenings watching Fox News will be loath to say anything that might reflect well on Joe Biden. Telling a pollster "The economy is terrible!" isn't much different than saying the same thing on X or Truth Social, a handy way to give Biden the finger if you're so inclined."

[Jockey]

Really, Jockey?

Harry Dent is a market predictor, writes a financial newsletter. He's been calling for a crash since at least 2009. When he (or anyone else) predicts a recession or a depression to any network that is NOT the network speaking. Just like it was NOT any of the networks speaking when Paul Krugman opined the same on their airwaves after Trumps election. Or do you think ABC, NBC, CBS and CNN were rooting for an economic collapse then?

Exactly. Fox puts on people who will give voice to Fox's opinions.

[4everwarriors]

Yeah, but ice cream face and Hunter's laptop and all...

Huh? Don't forget his cocaine in the WH too, aina?

[Lennys Tap]

https://www.msnbc.com/opinion/opinion/republican-economy-voters-bias-partisan-2024-rcna126194

"The polling data doesn't show that Americans think the economy stinks so much as it shows that Republicans say it stinks.

It's hard to know whether Republicans actually believe this. But it's beyond doubt that partisanship plays a key role in what people tell pollsters about the economy.

A pair of economists who examined decades of polling data concluded, "While both Republicans and Democrats view the economy more favorably when their party controls the White House, the magnitude of this partisan bias is roughly two and a half times larger for Republicans than for Democrats."

When you break poll results on the economy out by party identification, you see how eager Republicans are to say the economy is terrible. For instance, in the latest Economist/YouGov poll, a full 75% of Republicans said the economy is "getting worse," an assertion that is false by almost every conceivable measure.

The conservative media and the associated echo chamber is relentless in its insistence that with a Democrat in the White House, America is a land of unending misery and despair. And with the country as polarized as it is, even Republicans who don't spend their evenings watching Fox News will be loath to say anything that might reflect well on Joe Biden. Telling a pollster "The economy is terrible!" isn't much different than saying the same thing on X or Truth Social, a handy way to give Biden the finger if you're so inclined."

MSNBC opinion piece. LOL.

[Uncle Rico]

Have you guys seen the price of Waygu beef?  Tell me the economy is fine. 

[4everwarriors]

I hate to win this argument because it shows how fooked up this country really is, aina?

[Lennys Tap]

Exactly. Fox puts on people who will give voice to Fox's opinions.

Prophets of doom get time on every business channel. Roubini ((aka Dr Doom) is a regular on CNBC.

[The Sultan]

MSNBC opinion piece. LOL.

The underlying study was done by a professor at Stanford.  Here is the actual study if you want to refute the points it makes.

https://www.briefingbook.info/p/asymmetric-amplification-and-the?publication_id=1002034&post_id=138749341&isFreemail=true&r=2203u

BTW, the study doesn't address WHY these disparities exist, just measures the fact that they do in fact exist.

[Lennys Tap]

Have you guys seen the price of Waygu beef?  Tell me the economy is fine.

I don't know about Waygu beef, but I do know the cost of Coke, Diet Coke and Coke  Zero is up about 70% in the last 3 years.