Ready?

[bugs]

Bullshit. The health of our economy desperately needs deflation right now.

I recall paying 37 cents for a dozen eggs merely a couple years ago while Trump was in office.

Yesterday, under the Biden economy, I paid $2.78 for a dozen eggs at the same Kroger grocery store.

Do the math. That's 672% inflation.

That's called hyperinflation.

it sure is getting there..

 

[bugs]

Economy shrinks 1.4% in first quarter, GDP shows, but mainly due to record U.S. trade deficit

The U.S. economy shrank 1.4% in the first quarter to mark the first drop since the onset of the pandemic, but the decline mostly stemmed from a record trade...

www.marketwatch.com

^MORE Good News!

 

[jwoodie]

Does the POTUS not sign every single spending bill?



1st QTR of 2017 the Debt/GDP ratio was 103.6. The bill above became law in Aug 2019. The 3rd qtr of 2019, before the bill kicked in the Debt/GDP ratio was 105.6. Now, I know you are not very good at math, but that is not down.

1. The POTUS signs or (pocket) vetoes every bill which Congress sends to him.

2. The Debt/GDP ratio for 2nd Qtr. of 2019 (the last GOP budget) was 103.4. Under the Democrat budget (starting 3rd Qtr. of 2019) the ratio resumed its upward trajectory. Did you just happen to overlook that?

 

[Harpy Eagle]

1. The POTUS signs or (pocket) vetoes every bill which Congress sends to him.

2. The Debt/GDP ratio for 2nd Qtr. of 2019 (the last GOP budget) was 103.4. Under the Democrat budget (starting 3rd Qtr. of 2019) the ratio resumed its upward trajectory. Did you just happen to overlook that?

WOW!!! 103.4 is such a great number to be bragging about.

 

[bugs]

Is The U.S. Going To Transition From Stagflation Directly Into A Full-Blown Economic Depression?

Should the fact that the U.S. economy actually contracted during the first quarter actually surprise any of us? Since the start of 2022, there has been crisis after crisis, and now the war in Ukraine

themostimportantnews.com

 

[bugs]

Consumer Spending Shifts from Goods to Services, Inflation Crushes Incomes, But “Real” Spending Hits Record | Wolf Street

 

[bugs]

Only a couple of items on the list this morning (as having redeeming social value and economic exploits open to all: The story about Personal Income and (nicely dovetailing) the Employment Cost Index. A couple of data-backed axioms about money first,

Only a couple of items on the list this morning (as having redeeming social value and economic exploits open to all: The story about Personal Income and (nicely dovetailing) the Employment Cost Index. A couple of data-backed axioms about money first, though: You can only spend it once. The US...

urbansurvival.com

 

[bugs]

DollarCollapse.com - Tracking De-dollarization in realtime » Dollar Collapse

Fortunes will soon be made (and saved). Subscribe for free now. Get our vital, dispatches on gold, silver and sound-money delivered to your email inbox daily.

www.dollarcollapse.com

^THIS one here is Really UGLY

 

[bugs]

AND: No Conflict of Interest at All.. Never Forget: Fed officials sold all of their stocks precisely at the top

 

[bugs]

Fed on track for biggest rate hike in over 20 years

A half-percentage-point rate hike is baked in the cake for the Fed’s meeting this week, economists said.

www.marketwatch.com

 

[bugs]

Markets are primed for how Powell will respond to this key question on interest rates

Investors are at the point now where they don't have to figure out what the Federal Reserve is going to do or what Chair Jerome Powell will say, they just...

www.marketwatch.com

 

[bugs]

There's not much choice at this point.....Unless you want deflation, which is a lot worse.

The fed has been asleep at the switch for far too long, they should have been raising interest rates slowly back when Trump was POTUS.

No administration likes and fights against it but sometimes it has to be done or you get the shit sammich everyone is faced with now.

 

[bugs]

The Dow Lost More Than 1,000 Points as Wednesday Gain Vanishes

Investors are still in the early stages of deciphering how much damage higher interest rates will do to economic and earnings growth.

www.marketwatch.com

 

[bugs]

No. The Fed raising interest rates is about controlling inflation. If its not done, we face a major recession.

Umm,,,,, ah.. I Think I see one coming..

 

[bugs]

These charts warn the Dow's new lower low won't be the lowest

The Dow Jones Industrial Average’s selloff on Monday puts it on track to make it unanimous: All of the Big 3 market indexes have now produced the bearish...

www.marketwatch.com

 

[Indeependent]

No. The Fed raising interest rates is about controlling inflation. If its not done, we face a major recession.

We never recovered from the DOT COM crash.
GW Bush spurred on National Debt which led to the Housing Crash, from which we never truly recovered.
The issue is if everyone can retain their prices instead of joining the get rich quick wagon, we can avoid a crash.
The problem is everyone is using their homes to make a mint.

 

[bugs]

We never recovered from the DOT COM crash.
GW Bush spurred on National Debt which led to the Housing Crash, from which we never truly recovered.
The issue is if everyone can retain their prices instead of joining the get rich quick wagon, we can avoid a crash.
The problem is everyone is using their homes to make a mint.

it LOOKS Like we are Heading into a Recession at the very LEAST

 

[bugs]

Here We Go..

Powell May Be About to Seal Deal on a Half-Point Hike: Eco Week

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergUkraine Update: Mariupol Defenders Hold Out Against OnslaughtHousing Market Fever Starts to Break in BoiseChina Joblessness Climbs, Spending Drops on Covid...

ca.finance.yahoo.com

They CAN NOT Get Away with Raising Interest Rates.
Anyone REMEMBER the Last Time they Tried it?
December 2018' and the stock 'Market' was Crashing..
They Freaked out and Quickly Dropped to ZERO again

Stock market news live updates: Stock futures, oil prices decline after China data disappoints

U.S. stock futures traded lower on Monday, with equities resuming a downward slide as concerns over the growth outlook persisted amid elevated inflation.

ca.finance.yahoo.com

 

[Harpy Eagle]

it LOOKS Like we are Heading into a Recession at the very LEAST

we are way past due, not counting the mini recession during COVID this is far and away the longest we have gone without one since the great depression. They are a built in part of the system

 

[bugs]

we are way past due, not counting the mini recession during COVID this is far and away the longest we have gone without one since the great depression. They are a built in part of the system

LOL.. Well, I Guess We'll SOON See..