This isn't the Biden administration. You should toss whatever source that gave you that number in the trash.Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Jobs are effectively, non-existent with not enough job openings for those looking for work.
Consumer confidence (the backbone of our economy) is falling like a rock.
The Fed now finds itself in an untenable lose-lose position. Cut rates and you supercharge inflation. Sit tight or raise rates and you slow hiring, cap-ex spending and the economy in general.
Maggot has created an economic climate that is screwed ten ways from Sunday and people are catching on.
We are headed for a very serious economic reckoning and I don't think it's going to be very pretty.
"The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January,"Did Chicken Little tell you that?
Get back to me when you see the spending power of your savings drop 50%.
"The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January,"
Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump https://share.google/VW1R26QRSH5T0xAAUThat quote (with no source) differs from your OP:
Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump https://share.google/VW1R26QRSH5T0xAAU
The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January, putting the annual inflation rate at 2.9%.
0.4% times 12 equals 4.8%
Sorry, STILL not that big of a deal. Here are the numbers...from the link I already provided."The consumer price index posted a seasonally adjusted 0.4% increase for the month, the biggest gain since January,"
[/QUOTE]
Are you concerned things might get as bad as they did under Biden?Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Jobs are effectively, non-existent with not enough job openings for those looking for work.
Consumer confidence (the backbone of our economy) is falling like a rock.
The Fed now finds itself in an untenable lose-lose position. Cut rates and you supercharge inflation. Sit tight or raise rates and you slow hiring, cap-ex spending and the economy in general.
Maggot has created an economic climate that is screwed ten ways from Sunday and people are catching on.
We are headed for a very serious economic reckoning and I don't think it's going to be very pretty.
ZzzzzzzzAre you concerned things might get as bad as they did under Biden?
No, that was not the point of my question. Care to try again?Zzzzzzzz
It's all Biden's/Hillary's/Obama's fault.
Have no fear. The economic landscape under Maggot will make Biden's economy look like Utopia.No, that was not the point of my question. Care to try again?
I too worry about Trump's handling of the economy as his tariff scheme is, IMO, foolish. But the data we've seen thus far isn't nearly as alarming as the reality we faced under Biden. You really should develop some perspective.Have no fear. The economic landscape under Maggot will make Biden's economy look like Utopia.
How to wreck a sound economy in 8 months:Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Jobs are effectively, non-existent with not enough job openings for those looking for work.
Consumer confidence (the backbone of our economy) is falling like a rock.
The Fed now finds itself in an untenable lose-lose position. Cut rates and you supercharge inflation. Sit tight or raise rates and you slow hiring, cap-ex spending and the economy in general.
Maggot has created an economic climate that is screwed ten ways from Sunday and people are catching on.
We are headed for a very serious economic reckoning and I don't think it's going to be very pretty.
Yup. There are simply no good options here. What's necessary is for Maggot to stop indescriminately throwing undocumented aliens out of the country and stop all these self-destructive tariffs, admitting he was wrong and misguided on both counts. That's the only way out of this mess and it'll never happen so the economic mess he's created is going to get exponentially worse with Maggot reflexively whining "but it's not my fault" as our economy circles the drain.Trumpstagflation.
MAGAidiot is one dumbass "businessman". He seems to be having a bad case of disintegrating slug-brain.Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Jobs are effectively, non-existent with not enough job openings for those looking for work.
Consumer confidence (the backbone of our economy) is falling like a rock.
The Fed now finds itself in an untenable lose-lose position. Cut rates and you supercharge inflation. Sit tight or raise rates and you slow hiring, cap-ex spending and the economy in general.
Maggot has created an economic climate that is screwed ten ways from Sunday and people are catching on.
We are headed for a very serious economic reckoning and I don't think it's going to be very pretty.
LOL. Inflation ticked up, still far below democrat's 9%. Jobs are down because we're getting rid of the fed bureaucracy. Consumer confidence is not "falling like a rock". Cutting rates by 25 basis points is NOT going to "supercharge inflation". It might tick up a little more. We are headed for a very serious economic reckoning because the bull market has gone on far longer than it ever has in history. Stocks will take a major hit, probably soon, but, in the past, you guys have always said, "Who cares about the rich people in the stock market"?Inflation is heating up rapidly. Latest monthly increase is 4.4%, over double the Fed's target 2% rate.
Jobs are effectively, non-existent with not enough job openings for those looking for work.
Consumer confidence (the backbone of our economy) is falling like a rock.
The Fed now finds itself in an untenable lose-lose position. Cut rates and you supercharge inflation. Sit tight or raise rates and you slow hiring, cap-ex spending and the economy in general.
Maggot has created an economic climate that is screwed ten ways from Sunday and people are catching on.
We are headed for a very serious economic reckoning and I don't think it's going to be very pretty.
Yup. There are simply no good options here. What's necessary is for Maggot to stop indescriminately throwing undocumented aliens out of the country and stop all these self-destructive tariffs, admitting he was wrong and misguided on both counts. That's the only way out of this mess and it'll never happen so the economic mess he's created is going to get exponentially worse with Maggot reflexively whining "but it's not my fault" as our economy circles the drain.
Even his supporters will catch on but it'll be too late. It ain't gonna be pretty.
The 9% rise was exclusively an artifact of covid.LOL. Inflation ticked up, still far below democrat's 9%. Jobs are down because we're getting rid of the fed bureaucracy. Consumer confidence is not "falling like a rock". Cutting rates by 25 basis points is NOT going to "supercharge inflation". It might tick up a little more. We are headed for a very serious economic reckoning because the bull market has gone on far longer than it ever has in history. Stocks will take a major hit, probably soon, but, in the past, you guys have always said, "Who cares about the rich people in the stock market"?
The inflation that occurred under Biden was GLOBAL. Remember that pesky pandemic?Are you concerned things might get as bad as they did under Biden?
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