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05-06-2024, 04:10 PM #2371
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05-06-2024, 04:19 PM #2372
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05-06-2024, 05:39 PM #2373
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05-06-2024, 05:50 PM #2374
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05-06-2024, 06:12 PM #2375
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05-09-2024, 03:48 PM #2376
Jobless claims jump to highest level in nine months
Claims rise 22,000 to 231,000, well above expectations of 214,000
https://www.marketwatch.com/story/jo...onths-5e799341Last edited by 6gorillion; 05-09-2024 at 04:04 PM.
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05-09-2024, 05:52 PM #2377
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05-10-2024, 06:18 AM #2378
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05-10-2024, 08:28 AM #2379
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05-10-2024, 08:48 AM #2380
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05-10-2024, 11:21 AM #2381
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05-10-2024, 02:01 PM #2382
- Join Date: Aug 2006
- Location: Michigan, United States
- Age: 35
- Posts: 21,865
- Rep Power: 233766
Which one of EctoCuck's threads was a more embarrassing failure, this one or his Hillary Clinton campaign thread?
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."
- PJ O'Rourke
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05-11-2024, 12:53 PM #2383
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05-15-2024, 09:51 AM #2384
- Join Date: Jul 2011
- Location: Maryland, United States
- Age: 56
- Posts: 38,968
- Rep Power: 216945
Inflation, already not bad, is slowing. Bring on the rate cuts.
A closely watched underlying measurement of inflation showed even more progress. Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021.Early AM workout crew.
Holy crap dude, Satan's huge crew.
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05-15-2024, 10:46 AM #2385
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05-15-2024, 10:50 AM #2386
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05-15-2024, 11:01 AM #2387
Depending on the inflation measure used, it's mid 3's to 4%. Not acceptable. The trickier part is services (insurance, education, mortgage and rent, health care, auto repair, etc) which is most of the inflation, not physical stuff. The longer services are still high and inflation in general, the more Social Security costs go up as well, the faster it runs dry.
Rate cuts may come a year from now. The only way they come sooner is if GDP goes negative, which may happen in less than a year. GDP is being kept up by govt spending, including welfare spending on illegals, which isn't exactly productive. Illegals are giving hotels in some cities a boost, the airlines a boost, but isn't productive in the long-run. It's good as an artificial stimulus in the short-term, a drag in the long term. Whether Biden or Trump are elected that drag will come home to roost in the next 1-2 years.Light weight! Light weight baby!!!!
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05-15-2024, 11:01 AM #2388
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05-15-2024, 11:03 AM #2389
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05-15-2024, 11:23 AM #2390
- Join Date: Jan 2011
- Location: Ohio, United States
- Age: 38
- Posts: 8,061
- Rep Power: 208576
"Inflation cooling or slowing" just means prices are not skyrocketing as fast as they recently were.. Looking to a leftist for factual information about inflation is like watching Green Acres to learn about farming.
Please go on about the current cumulative inflation rate since Biden took over. (if you even know what that is)Rise and rise agan until lambs becom lions
USA 2006 - Present
If you see me in the garage practicing my nuchucks with my croc on just keep diving.. I'm in the zone and don't want you geting pregnant.
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05-16-2024, 02:18 AM #2391
- Join Date: Aug 2006
- Location: Michigan, United States
- Age: 35
- Posts: 21,865
- Rep Power: 233766
Biden's Abysmal Record:
Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%
......boom?"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."
- PJ O'Rourke
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05-16-2024, 04:19 AM #2392
"Already not bad"?! Prior to the Biden Administration, 3.4% was the highest since 2011
https://www.usinflationcalculator.co...flation-rates/
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05-16-2024, 04:20 AM #2393
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05-16-2024, 04:25 AM #2394
I literally provided a link to the data. The US saw >3.4% annual inflation in 2008, that's it going back to 2000. Meanwhile, last year was 4.1%, a number never seen before the Biden Administration going back to 2000. You can cherry-pick a few months here and there during that period, if you're really desperate to somehow rationalize 3.4% as "not bad".
Nearly 3 1/2 years into this administration, and it's still endless deflection from Biden's failures
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05-16-2024, 04:32 AM #2395
- Join Date: Jul 2011
- Location: Maryland, United States
- Age: 56
- Posts: 38,968
- Rep Power: 216945
Here are the inflation rates from 2000 - 2008: 3.4, 2.8, 1.6, 2.3, 2.7, 3.4, 3.2, 2.8, 3.8
So yes Mr. Liar, 3.4 is right in this range...oh that's right, you call unemployment .4 higher than the lowest recording on record as "high" and "increasing" because you're just a disingenuous liar.
Stay down Nutso.Early AM workout crew.
Holy crap dude, Satan's huge crew.
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05-16-2024, 05:31 AM #2396
8.7 Million Americans Now Work Two Jobs To Make Ends Meet Despite Inflation Continuing To Cool
https://finance.yahoo.com/news/8-7-m...193011733.html
More Americans are falling behind on credit card bills
https://www.npr.org/2024/05/14/12512...debt-inflation
Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high
https://fortune.com/2024/05/14/ameri...nterest-rates/
PYMNTS.com reports borrowers who are more than three months late on payments have climbed from 3% to over 4% nationwide, and as high as 6% for those with subprime loans. Cox Automotive expects repossessions to jump from 1.2 million to 1.5 million this year.
https://www.fox26houston.com/news/la...ling-borrowers
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05-16-2024, 08:35 AM #2397
3.4% inflation is still too high for the FR to cut interest rates. Besides, the rate the Federal Reserve has things at right now is extremely normal. There's no reason to cut the overnight rates unless a bad recession hit. Absent that there's every reason to keep rates where they are, going a little higher is warranted. Rates where higher than this during the entire internet tech boom of the 90s. They lowered rates only after the dotcom recession hit in late 2000.
The interest rates set by the FR from 2008-2022 were without precedent, irresponsibly low for half of that time.
And inflation at 2% is what the Fed targets as a long term AVERAGE, not something for a month or two. With it at 3-9% for 3 years and counting it really needs to get a bit below 2% for awhile. Powell will just keep being dovish, which gets the tards hopeful rates will be brought down to irresponsible levels again, so as not to anger them, and to keep the stock market from cratering.
Tards who in the fall of 2022 were saying rate cuts were just around the corner keep being wrong. Nope, no cuts in 2024 absent a hard recession. Preferably none in 2025, whoever is President.Last edited by frankdtank20; 05-16-2024 at 08:43 AM.
Light weight! Light weight baby!!!!
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05-16-2024, 02:58 PM #2398
Why the hell did you go back just 16-24 years for your example?
Why did you pick a range where the average was 2.9%, and claim 3.4% is "right in this range" and "not bad"
Let's instead look at ALL Unemployment data on that chart before Biden, from 2000 through 2020. Then we see the average annual inflation rate was only 2.1%
Again, 3.4% is neither "right in this range" nor "not bad".
https://www.usinflationcalculator.co...flation-rates/
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05-16-2024, 03:22 PM #2399
- Join Date: Aug 2006
- Location: Michigan, United States
- Age: 35
- Posts: 21,865
- Rep Power: 233766
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05-17-2024, 08:25 AM #2400
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