Welcome to ECCIE - Sign up today!

eyecu2 · 12-13-2023, 01:37 PM

Holy shit...the sky didn't fall, per the GOP and their heads all on fire.

In fact the only thing that fell was inflation..all the way down to 2.1%.

It seems like all the gaslighting of EVERY FOX "news" viewer is proving to be 'fake news'.

3.7% unemployment and yields are planned to be reduced possibly 3 x times in the coming year.

When the Fuck-faces at FOX are done eating all that delicious crow, I wonder just how fast the pivot will be away from Biden-nomics, and back to impeachment, Hunter, and the Border. (Which they have yet to have any sort of plan in place)

Seems like Fed chair Powell is in cahoots with the Left on both policy and results!!

texassapper · 12-13-2023, 02:47 PM

LOL... govt sourcing lol

Get back to us when wages rise enough to offset the Bidenflation price increases...

Levianon17 · 12-13-2023, 03:43 PM

Quote:

Originally Posted by eyecu2

Holy shit...the sky didn't fall, per the GOP and their heads all on fire.

In fact the only thing that fell was inflation..all the way down to 2.1%.

It seems like all the gaslighting of EVERY FOX "news" viewer is proving to be 'fake news'.

3.7% unemployment and yields are planned to be reduced possibly 3 x times in the coming year.

When the Fuck-faces at FOX are done eating all that delicious crow, I wonder just how fast the pivot will be away from Biden-nomics, and back to impeachment, Hunter, and the Border. (Which they have yet to have any sort of plan in place)

Seems like Fed chair Powell is in cahoots with the Left on both policy and results!!

You're gaslighting more than Fox News. How can a country fund two foreign wars and not experience inflation to offset the cost?

SpeedRacerXXX · 12-13-2023, 03:49 PM

Quote:

Originally Posted by Levianon17

You're gaslighting more than Fox News. How can a country fund two foreign wars and not experience inflation to offset the cost?

Do you have a report on inflation that contradicts what are considered to be the "official" source for inflation numbers? I'm sure you've noticed the recent drop in gasoline prices which was the primary reason for the drop in the inflation rate.

https://www.cnbc.com/2023/12/12/here...one-chart.html

Levianon17 · 12-13-2023, 04:38 PM

Quote:

Originally Posted by SpeedRacerXXX

Do you have a report on inflation that contradicts what are considered to be the "official" source for inflation numbers? I'm sure you've noticed the recent drop in gasoline prices which was the primary reason for the drop in the inflation rate.

https://www.cnbc.com/2023/12/12/here...one-chart.html

Nope sure don't. What I observe is what I go buy. A drop here a rise there. The economy is never truly stable.

Tiny · 12-13-2023, 05:03 PM

Quote:

Originally Posted by eyecu2

Holy shit...the sky didn't fall, per the GOP and their heads all on fire.

In fact the only thing that fell was inflation..all the way down to 2.1%.

Where are you seeing 2.1% inflation?

November YoY CPI inflation was 3.1%, versus 3.2% in October, and core CPI (excluding food and energy which are volatile) was flat at 4%. A decline in the price of oil from $85.47 to $77.38 helped.

Contrary to popular opinion, Joe Biden, like Donald Trump before him, doesn't have that much influence over the economy in the short and medium term, except to the extent he and Congress have been able to pass budget-busting legislation like the American Rescue Plan (ARP) that did indeed boost GDP growth, but also ran up our national debt. And in the case of the ARP, caused inflation to hit the USA before other countries.

Quote:

Originally Posted by eyecu2

3.7% unemployment and yields are planned to be reduced possibly 3 x times in the coming year.

Yields of what?

eyecu2 · 12-13-2023, 06:00 PM

Pal mentioned that there would be three significant interest rate drops in the coming year, he even highlighted the levels of those drops to be approximately 1 percentage point by the end of the year. I guess they don't report that shit on Fox??

eyecu2 · 12-13-2023, 06:03 PM

Quote:

Originally Posted by Levianon17

You're gaslighting more than Fox News. How can a country fund two foreign wars and not experience inflation to offset the cost?

Oh I agree that these wars are putting a huge burden on the shoulders of all Americans. - that was not the topic of this post. It was about our overall economy.
I'm pointing out the hypocrisy of those on the conservative AKA right, when in fact the reports that the Fed uses to report and make decisions on, have been steadily showing that prices are falling in general. I'm not suggesting that things are perfect or that there isn't ground to be made up and wages against purchases as mentioned, but that's not how wage increases work necessarily. That would be a whole other post. The cost of housing continues to increase or stay high due to the fact that there's low inventory, but hopefully things like loan rates will start to come down shortly, maybe not below 3% ever again, but hopefully within 5 and 6% next yr.

Tiny · 12-13-2023, 07:41 PM

Quote:

Originally Posted by eyecu2

Pal mentioned that there would be three significant interest rate drops in the coming year, he even highlighted the levels of those drops to be approximately 1 percentage point by the end of the year. I guess they don't report that shit on Fox??

Who's Pal?

Tiny · 12-13-2023, 07:42 PM

Quote:

Originally Posted by eyecu2

Pal mentioned that there would be three significant interest rate drops in the coming year, he even highlighted the levels of those drops to be approximately 1 percentage point by the end of the year. I guess they don't report that shit on Fox??

I looked at the transcript of his press conference today, and Jerome Powell said no such thing. I think I know what you're getting at but you're not making a lot of sense.

It's possible the median estimate of the members of the Federal Open Market Committee is now for 3 rate cuts in 2024. I'm not sure as I haven't been following this closely. You should be able to get hold of the dot plot for the most recent Summary of Economic Projections and know the answer. That's probably not available on the MSNBC web site.

Powell did say the median forecast for the Fed Funds Rate at the end of 2024 is 4.6%, which would represent a total cut in rates of about 0.75% in 2024.

Levianon17 · 12-13-2023, 09:10 PM

Quote:

Originally Posted by eyecu2

Oh I agree that these wars are putting a huge burden on the shoulders of all Americans. - that was not the topic of this post. It was about our overall economy.
I'm pointing out the hypocrisy of those on the conservative AKA right, when in fact the reports that the Fed uses to report and make decisions on, have been steadily showing that prices are falling in general. I'm not suggesting that things are perfect or that there isn't ground to be made up and wages against purchases as mentioned, but that's not how wage increases work necessarily. That would be a whole other post. The cost of housing continues to increase or stay high due to the fact that there's low inventory, but hopefully things like loan rates will start to come down shortly, maybe not below 3% ever again, but hopefully within 5 and 6% next yr.

May not be exactly the topic. But I posted a reason why the topic is a bit exaggerated.

eyecu2 · 12-13-2023, 09:26 PM

Quote:

Originally Posted by Tiny

Who's Pal?

Powell...my phone spell check can really fuck up a text!

Sorry brothers

Michael8219 · 12-13-2023, 10:07 PM

Powell is not your pal. The 3.1% increase in the CPI is ANOTHER 3.1% from the already over priced, inflated prices that we were paying a year ago.

Really not good news….

ICU 812 · 12-14-2023, 06:07 AM

The RATE of inflation may be a lower number. That just means that the prices we pay go up more slowly, but they are still going up, on top of what they have already gone up.

We are still paying (out the WAZOO I might add) something like 20% more now than when President Biden was sworn in.

Those inflated prices have not gone down, nor has my ability to pay gone up.

Michael8219 · 12-14-2023, 08:40 AM

Truth ICU! Remember to vote against Biden (or Newsom or other substitute when they slide him/ her/ they in a third of the way through the primaries.

http://www.ejfi.org/Voting/Voting-10.htm. < how did this get here George Soros and o bummer and deep state? Must be only history and certainly did not occur in 2020, right?

Biden over regulation, climate change activism against even natural gas, runaway spending (can you say Inflation Reduction Act with a straight face and not cry), and attacks on appliances, HVAC units, ad nauseum, along with interest rate hikes (I know it’s the Fed) have driven us to crazy inflation. There are folks really hurting out there.