The US Economy did not get the Recession Memo

  • The economy added more than half a million jobs in July alone.
  • The unemployment rate dropped to 3.5%, tied for the lowest level since 1969.
  • Inflation chilled out (relatively speaking) in July for both the consumers and producers.
  • Gas prices tumbled below $4 a gallon for the first time since March.
  • Consumer sentiment has bounced off record lows.
  • The stock market notched its longest weekly winning streak since November.
OrwellSmile.jpg
 
Expect it to drop another $1 by election day

:dance:

The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the second-largest monthly decline on record for this closely watched gauge of economic activity. The biggest drop was recorded in April 2020, when the economy was ravaged by the onset of the Covid-19 pandemic.

The August reading leaves the Empire State survey at its lowest point since May 2020 and at among the lowest levels since the survey launched in April 2002. Any reading below zero indicates a contraction.

"The headline general business conditions index plummeted," the report said. "New orders and shipments plunged, and unfilled orders declined."



Could be dropping by more than $1.

So how many House seats are the Dems going to lose?
 
You sure about PA?
Fetterman's brain is a little mushy. Even more than before.

It was the GOPs to lose and then they picked Dr Oz. It is almost as if they did it on purpose to make sure the Dems kept the Senate.
 
It was the GOPs to lose and then they picked Dr Oz. It is almost as if they did it on purpose to make sure the Dems kept the Senate.

I know, but the Dem candidate can't string together a coherent thought anymore.
It's like the Dems are following the Biden playbook.
Are the Dems going to lose any seats? Arizona? Georgia? Nevada? New Hampshire?
 
I know, but the Dem candidate can't string together a coherent thought anymore.
It's like the Dems are following the Biden playbook.
Are the Dems going to lose any seats? Arizona? Georgia? Nevada? New Hampshire?

I do not think they will
 
The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the second-largest monthly decline on record for this closely watched gauge of economic activity. The biggest drop was recorded in April 2020, when the economy was ravaged by the onset of the Covid-19 pandemic.

The August reading leaves the Empire State survey at its lowest point since May 2020 and at among the lowest levels since the survey launched in April 2002. Any reading below zero indicates a contraction.

"The headline general business conditions index plummeted," the report said. "New orders and shipments plunged, and unfilled orders declined."



Could be dropping by more than $1.

So how many House seats are the Dems going to lose?
Never heard of it

But looks like Republicans will call it our most important economic indicator
 

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