Keep an Eye on the Economy

[royamcr]

Originally Posted by CPT Savajo

LMAO! The US has to print 1 Trillion every 100 days or the game of musical chairs comes to an end. Meaning a Mad Max scenario in the streets if they don't print. They'll just keep printing currency and we'll keep watching the dollar lose purchasing power. That is what you have been guaranteed whether you like it or not.

Republicans are demanding a 4 trillion increase in debt ceiling. The fuckery is continuing. In 4 years my guess the debt will be round $45 trillion. Give or take a trillion...

[cc314]

Originally Posted by bb1961

The left believes that Trump should be able to change things overnight...what juvenile thinking.

Who said anything about overnight?

Here are the housing and rent numbers for 12/24
Median Sale Price (US) $429K
Median Asking Rent All Beds (US) $1594

Originally Posted by Salty Again

... Agreed. ... Sagittarius fact checking believes that
you are correct about this.

#### Salty

Fact Check with Gemini can be found in Edge extensions. Feel free to post where Sagittarius fact checking can be found.

[trey32]

I think you can watch the stock market and banks. There is a intent to reduce or elimate regulations. I see banks still fail, and no FDIC ins would be a problem. Reduced or eliminated control over the stock market could eliminate retirement for all of us.

[The_Waco_Kid]

Originally Posted by trey32

I think you can watch the stock market and banks. There is a intent to reduce or elimate regulations. I see banks still fail, and no FDIC ins would be a problem. Reduced or eliminated control over the stock market could eliminate retirement for all of us.

you'll have to be more specific and back it up with articles. what regulations ended? who's saying FDIC will be eliminated? otherwise its just liberal fearmongering over Trump

[1blackman1]

Originally Posted by bb1961

The left believes that Trump should be able to change things overnight...what juvenile thinking.

Because that’s what Trump promises. Shouldn’t make promises that you know you can’t keep. He should be held to his word.

[CPT Savajo]

Originally Posted by royamcr

Republicans are demanding a 4 trillion increase in debt ceiling. The fuckery is continuing. In 4 years my guess the debt will be round $45 trillion. Give or take a trillion...

I expect the shenanigans to continue. That's a good estimate on the debt if Trump plans to cut out unnecessary goverment spending according to what he was promising to do during his campaign. If we stay the course I think US debt will grow to $50 trillion during a 2nd term of Trump. It will be positive for the economy if Trump stops the funding of the Ukraine war immediately, we'll see the true colors soon and it will speak volumes.

[CPT Savajo]

Originally Posted by trey32

I think you can watch the stock market and banks. There is a intent to reduce or elimate regulations. I see banks still fail, and no FDIC ins would be a problem. Reduced or eliminated control over the stock market could eliminate retirement for all of us.

A few days ago Pulaski Savings Bank of Chicago, Ill. was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

[Tiny]

Originally Posted by cc314

Some have been complaining about the price of eggs, and gas, so as of 09/24 the US average ( https://data.bls.gov/toppicks?survey=ap )...
Bacon $6.95 per pound
Eggs $3.821 per dozen
Gasoline $3.344 per gallon

Housing has also been mentioned as a concern. From https://www.redfin.com/news/data-center/
Median Sale Price (US) $429K

Median Asking Rent All Beds (US) $1631


Most of us (consumers and non-landlords) are hoping prices will come down. We'll see.


I'm not going to hope for things to turn to shit (and stay there), but if they do, remember what you voted for. Own it if it happens.

Originally Posted by 1blackman1

Trump and the republicans promised lower prices. People will expect lower prices. That’s what they voted for and what the republicans ran on.

Originally Posted by cc314

Fact Check with Gemini:"This statement is not supported by any evidence."

It's an old belief, but it might not have any data to support it.

Anyway, here are some year end prices (December 2024). Let's see how the next administration brings them down, or not.

Bacon: 6.915
Eggs: 4.146
Gas: 3.277
House: My source glitched. Might have to stick with bacon, eggs, and gas.

Originally Posted by cc314

Who said anything about overnight?

Here are the housing and rent numbers for 12/24
Median Sale Price (US) $429K
Median Asking Rent All Beds (US) $1594



Fact Check with Gemini can be found in Edge extensions. Feel free to post where Sagittarius fact checking can be found.

Originally Posted by 1blackman1

Because that’s what Trump promises. Shouldn’t make promises that you know you can’t keep. He should be held to his word.

Gentlemen, As you well know, that's nonsense. If prices are mostly lower at the end of Trump's term, we will have either been through the Mother of All Recessions or Japanification. Neither is desirable.

As you also know, Trump's not the most articulate guy around and is prone to exaggerate. When you hear him say "prices will come down", you should interpret it to mean "prices will come down relative to wages."

In that light, you've thrown out lousy benchmarks cc314. Use these instead. They'll have to be updated when 4Q 2024 and 1Q 2025, 2024 and 2028 numbers are available.

Median real weekly wages, seasonally adjusted, 1982-1984 dollars:

1Q 2017: $352
4Q 2020: $376

1Q2021: $373
3Q 2024: $371

Change during Trump's term: +6.8%
Change during Biden's term so far: -0.5%

Real Median Household Income, Annual, 2023 dollars:

2017: 74,810
2020: 79,560

2021: 79,260
2023: 80,610

Change during Trump's term: 6.3%
Change during Biden's term so far: 1.7%

https://fred.stlouisfed.org/series/LES1252881600Q
https://fred.stlouisfed.org/series/MEHOINUSA672N

[69in2it69]

Originally Posted by CPT Savajo

I expect the shenanigans to continue. That's a good estimate on the debt if Trump plans to cut out unnecessary goverment spending according to what he was promising to do during his campaign. If we stay the course I think US debt will grow to $50 trillion during a 2nd term of Trump. It will be positive for the economy if Trump stops the funding of the Ukraine war immediately, we'll see the true colors soon and it will speak volumes.

Dude, I expected better. Take a drive down to Camden and see how much they have benefited from the loans to Ukraine. Old inventory shipped to Ukraine and new produced and put into US stores.


Y'all act like we're paying to have OUR munitions and systems produced overseas and then giving them to Ukraine.


https://www.defensenews.com/industry...h-in-arkansas/

[1blackman1]

What I know is nonsense is that folks voted believing that Trump could do something about prices. Further, it’s total bullshit that Trump was good for the economy when all he did was not fuck up the Obama economy that was handed to him. Sadly people like you, Tiny, actually know better than the bullshit you keep posting but you push that bullshit narrative repeatedly anyway. I know you know better because you - unlike many in this forum - have shown to actually have some intelligence.

Again, Trump and the republicans ran on bringing prices down and he even claimed in his inauguration speech that they were going to bring prices down. Time to deliver snd be held to doing so.

[Jacuzzme]

Originally Posted by Tiny

Gentlemen, As you well know, that's nonsense. If prices are mostly lower at the end of Trump's term, we will have either been through the Mother of All Recessions or Japanification. Neither is desirable.

As you also know, Trump's not the most articulate guy around and is prone to exaggerate. When you hear him say "prices will come down", you should interpret it to mean "prices will come down relative to wages."

In that light, you've thrown out lousy benchmarks cc314. Use these instead. They'll have to be updated when 4Q 2024 and 1Q 2025, 2024 and 2028 numbers are available.

Median real weekly wages, seasonally adjusted, 1982-1984 dollars:

1Q 2017: $352
4Q 2020: $376

1Q2021: $373
3Q 2024: $371

Change during Trump's term: +6.8%
Change during Biden's term so far: -0.5%

Real Median Household Income, Annual, 2023 dollars:

2017: 74,810
2020: 79,560

2021: 79,260
2023: 80,610

Change during Trump's term: 6.3%
Change during Biden's term so far: 1.7%

https://fred.stlouisfed.org/series/LES1252881600Q
https://fred.stlouisfed.org/series/MEHOINUSA672N

Fancy way of saying people had more expendable/saveable income under Trump and his goal is returning to that trajectory.

[Jacuzzme]

Originally Posted by 69in2it69

Dude, I expected better. Take a drive down to Camden and see how much they have benefited from the loans to Ukraine. Old inventory shipped to Ukraine and new produced and put into US stores.


Y'all act like we're paying to have OUR munitions and systems produced overseas and then giving them to Ukraine.


https://www.defensenews.com/industry...h-in-arkansas/

The broken window fallacy.

[farmstud60]

Originally Posted by 1blackman1

What I know is nonsense is that folks voted believing that Trump could do something about prices. Further, it’s total bullshit that Trump was good for the economy when all he did was not fuck up the Obama economy that was handed to him. Sadly people like you, Tiny, actually know better than the bullshit you keep posting but you push that bullshit narrative repeatedly anyway. I know you know better because you - unlike many in this forum - have shown to actually have some intelligence.

Again, Trump and the republicans ran on bringing prices down and he even claimed in his inauguration speech that they were going to bring prices down. Time to deliver snd be held to doing so.

That is the Democrats lie that most economists will disagree with it being a lie.


The economists that don't are basically promoting Marxist/Socialist/Totalitarian central planning garbage that always fails.

[1blackman1]

Originally Posted by farmstud60

That is the Democrats lie that most economists will disagree with it being a lie.


The economists that don't are basically promoting Marxist/Socialist/Totalitarian central planning garbage that always fails.

You’re the most unserious economic mind on this forum. And that’s saying something with the folks like Salty posting.

[farmstud60]

Originally Posted by 1blackman1

You’re the most unserious economic mind on this forum. And that’s saying something with the folks like Salty posting.

Wrong, read what CEO of Bank of America says about Trumps policies.

During WWII we had a highly controlled central central economy with ration stamps and black markets. As soon as war over they got rid of the disaster. Democrats want highly centralized economic policy. In other words a failure.