US Economy thread

[MU82]

More word salads commin' outta DC. Sorry, da economy sucks ass, hey?

If this were your demented cult leader's economy, he (and you) would be touting it as: People Are Saying This Is The Bigliest Economy In The History Of Bigly Economies.

Then he'd go out and grift some $60 bibles while he wears a MAGA hat during his patriot hostages' out-of-tune rendition of the national anthem.

[Uncle Rico]

If this were your demented cult leader's economy, he (and you) would be touting it as: People Are Saying This Is The Bigliest Economy In The History Of Bigly Economies.

Then he'd go out and grift some $60 bibles while he wears a MAGA hat during his patriot hostages' out-of-tune rendition of the national anthem.

As an evangelical Christian, I bought a dozen of those

[TSmith34, Inc.]

More word salads commin' outta DC. Sorry, da economy sucks ass, hey?

Thanks, Maria. I'd also like to hear more on your take about how a freighter hitting a bridge is due to "open borders".

[MU82]

1.4 jobs available for every American looking for work.

https://seekingalpha.com/news/4086358-job-openings-holds-roughly-steady-in-february-jolts-report?

[rocky_warrior]

1.4 jobs available for every American looking for work.

This is my fault.  I work 0.625 of my job.

[jesmu84]

https://popular.info/p/corporate-profit-bonanza

In the last three months of 2023, after-tax corporate profits reached an all-time high of $2.8 trillion.

According to an analysis from the Groundwork Collaborative, "corporate profits drove 53 percent of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic." In the four decades prior to the pandemic, corporate profits contributed to just 11% of price increases.

It's possible for corporate profits to be used productively to fuel innovation and growth. But that doesn't appear to be happening. Economist Christian Weller notes that corporations are using their record profits "mainly to pay dividends to their shareholders and building up their stockpiles of cash."

Between December 2019 and December 2023, non-financial corporations used almost half of their pre-tax profits (48.9%) to pay dividends to investors. That is the highest share of corporate profits devoted to dividends since the 1950s. The same group of corporations now has $7.2 trillion in cash, up from $6.1 trillion in 2019, adjusted for inflation. Meanwhile, capital expenditures — which is a key way corporations invest in the future — are at historic lows relative to profits.

Also alluded to is the power or oligopolies and monopolies, which play large role as corporate consolidation is bad for consumers

[TSmith34, Inc.]

"The headlines from the March employment report were all good economically speaking. Nonfarm payrolls increased by 303,000, the unemployment rate dipped to 3.8%, average hourly earnings were up 0.3%, and the average workweek increased to 34.4 hours.

The key takeaway from the report is that it continued to support a solid earnings growth outlook even if it didn't necessarily support the outlook for the Fed to cut rates soon." -- Briefing.com


Or as defined by dentists, Disaster.

[Skatastrophy]

The US economic recovery is absolutely crushing Europe, what a great run

[The Sultan]

The US economic recovery is absolutely crushing Europe, what a great run

The COVID relief packages were massive. Caused some of the inflation we are dealing with, but absolutely spurred the recovery quicker and stronger.

[MU82]

"The headlines from the March employment report were all good economically speaking. Nonfarm payrolls increased by 303,000, the unemployment rate dipped to 3.8%, average hourly earnings were up 0.3%, and the average workweek increased to 34.4 hours.

The key takeaway from the report is that it continued to support a solid earnings growth outlook even if it didn't necessarily support the outlook for the Fed to cut rates soon." -- Briefing.com


Or as defined by dentists, Disaster.

More horrible news for those rooting against the U.S. economy.

[lawdog77]

Couldn't get a 2500 Denali in the right color?

Manatee green is in short supply, due to the near extinction of these sea cows. Actual manatee skin is used for dye.

[JWags85]

The US economic recovery is absolutely crushing Europe, what a great run

Doesn't hurt that Europe can't get out of their own damn way

[Herman Cain]

https://popular.info/p/corporate-profit-bonanza

Also alluded to is the power or oligopolies and monopolies, which play large role as corporate consolidation is bad for consumers

jesmu84:
Dividends are a healthy event doe the economy. A very large percentage of the equity markets are owned by Public and Private Pension Funds as well as 401K and 403 B plans. Those Dividends help fund those retirees income streams .

[Lennys Tap]

If this were your demented cult leader's economy, he (and you) would be touting it as: People Are Saying This Is The Bigliest Economy In The History Of Bigly Economies.

True. And you would be saying it was occurring in spite of him. I certainly don't recall any praise from you or your minions for Trump re his pre Covid economy.

[TAMU, Knower of Ball]

True. And you would be saying it was occurring in spite of him. I certainly don't recall any praise from you or your minions for Trump re his pre Covid economy.

I actually dont think that's true. I recall several posts from never trumpers on here who acknowledged how well the economy did under Trump pre COVID. I know i made a couple of them.

What i certainly don't recall is dozens of posts bashing Trumps pre COVID economy and saying it was terrible when it obviously wasn't.

Just because one side does it (on scoop) doesnt mean the other side did.

[MU82]

True. And you would be saying it was occurring in spite of him. I certainly don't recall any praise from you or your minions for Trump re his pre Covid economy.

What TAMU said.

[The Sultan]

I actually dont think that's true. I recall several posts from never trumpers on here who acknowledged how well the economy did under Trump pre COVID. I know i made a couple of them.

What i certainly don't recall is dozens of posts bashing Trumps pre COVID economy and saying it was terrible when it obviously wasn't.

Just because one side does it (on scoop) doesnt mean the other side did.

Or claim that the data was falsified.

Anyway, I have claimed repeatedly that Trump's 2020 messaging was awful. He did a bunch of stuff that was actually GOOD early on in the response, but then never seemed to talk about it or claim it as his own.

[4everwarriors]

He yielded to the "experts" Fr. Fauci and his sidekick Burks. Pretty sure had Trump to do over, neither would have been the "face" of covid, nor would they have been trotted out each night to pontificate their covid expertise, aina?

[The Sultan]

He yielded to the "experts" Fr. Fauci and his sidekick Burks. Pretty sure had Trump to do over, neither would have been the "face" of covid, nor would they have been trotted out each night to pontificate their covid expertise, aina?

Actually if he would have leaned more into their recommendations , he would be wrapping up his second term.

[4everwarriors]

What recommendations did he turn a deaf ear to, hey?

[The Sultan]

What recommendations did he turn a deaf ear to, hey?

Many. Are you serious?

[Uncle Rico]

Many. Are you serious?

Well, he didn't spray Lysol up his ass

[jesmu84]

Or claim that the data was falsified.

Anyway, I have claimed repeatedly that Trump's 2020 messaging was awful. He did a bunch of stuff that was actually GOOD early on in the response, but then never seemed to talk about it or claim it as his own.

He couldn't (and still can't) emphasize the success of Operation Warpspeed because his voters are against it.

[Goose]

Hey Doc,

Back to my Mexican night out last night, I was there with very high net worth folks and aside from MU basketball the entire conversation was on the economy. I always like to listen and learn from people and it was great conversation.

During the night they mentioned multiple things that they have cut out if their life simply due to inflated costs. It ranged from big items like a new car, a milestone birthday trip to simple everyday purchases.

They simply said that they refuse to pay the inflated costs and would rather give the money to their kids. This is not the first time that I have heard this from other wealthy people.

[ATL MU Warrior]

Hey Doc,

Back to my Mexican night out last night, I was there with very high net worth folks and aside from MU basketball the entire conversation was on the economy. I always like to listen and learn from people and it was great conversation.

During the night they mentioned multiple things that they have cut out if their life simply due to inflated costs. It ranged from big items like a new car, a milestone birthday trip to simple everyday purchases.

They simply said that they refuse to pay the inflated costs and would rather give the money to their kids. This is not the first time that I have heard this from other wealthy people.

Oh noes!  Feel very bad for them. Must be tough to have to make choices like every other non-wealthy person has had to do forever. I hope the economy improves so they can go back to their previous carefree lives.