View Full Version : the economy is fine!


Jim in CT
10-10-2022, 04:14 PM
https://www.foxbusiness.com/economy/us-economy-headed-recession-few-months-jpmorgan-jamie-dimon-warns

Jim in CT
10-10-2022, 04:15 PM
wdmso let me answer for you…

it’s better than it was in october 1929. therefore democrats are superior.

wdmso
10-11-2022, 05:17 AM
Jim maybe you were spoiled with the low interest rates . Our You have never seen a bad economy or lived thru one..

But Iam here to tell you . Don’t be afraid. It will pass . History has shown us that

But of course you only read the headlines

U.S. consumers would be in better shape this time around than the 2008 global financial crisis but the current factors contributing to a recession were still a cause for concern.

But you can’t talk about the economy without talking about stuff in the future – and this is serious stuff," Dimon said, citing inflation, quantitative easing, and Russia’s war with Ukraine.

"These are very, very serious things which I think are likely to push the U.S. and the world

The US and the whole world

Keep thinking democrats caused it and republicans can fix it

That’s not reality
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wdmso
10-11-2022, 05:24 AM
https://www.jec.senate.gov/public/_cache/files/309cc8e1-b971-45c6-ab52-29ffb1da9bf5/jec-fact-sheet---the-economy-under-democratic-vs.-republican-presidents-june-2016.pdf

It has nice bar graphs

And doesn’t have Trumps data but it wouldn’t help the bigger picture

That jobs and the GDP are better while D’S are in office not always by a lot . But clearly it’s not what you think
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wdmso
10-11-2022, 05:26 AM
https://evonomics.com/economists-agree-democratic-presidents-better-making-us-rich-eight-reasons/

Another example
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Jim in CT
10-11-2022, 05:30 AM
Jim maybe you were spoiled with the low interest rates . Our You have never seen a bad economy or lived thru one..

But Iam here to tell you . Don’t be afraid. It will pass . History has shown us that

But of course you only read the headlines

U.S. consumers would be in better shape this time around than the 2008 global financial crisis but the current factors contributing to a recession were still a cause for concern.

But you can’t talk about the economy without talking about stuff in the future – and this is serious stuff," Dimon said, citing inflation, quantitative easing, and Russia’s war with Ukraine.

"These are very, very serious things which I think are likely to push the U.S. and the world

The US and the whole world

Keep thinking democrats caused it and republicans can fix it

That’s not reality
Posted from my iPhone/Mobile device

i didn’t say i was afraid, nor did i say it’s i my happening in the US nor did i say we’d never recover

So as is often the case, you are responding to that which nobody ever said

Jim in CT
10-11-2022, 05:34 AM
https://www.jec.senate.gov/public/_cache/files/309cc8e1-b971-45c6-ab52-29ffb1da9bf5/jec-fact-sheet---the-economy-under-democratic-vs.-republican-presidents-june-2016.pdf

It has nice bar graphs

And doesn’t have Trumps data but it wouldn’t help the bigger picture

That jobs and the GDP are better while D’S are in office not always by a lot . But clearly it’s not what you think
Posted from my iPhone/Mobile device

sorry, unemployment was just this low when trump
was in office and it didn’t take 9% inflation to accomplish. And GDP growth isn’t good, when again,it’s all
due to once in 30 year inflation.

nice try. the lips are clear in america’s view of democrat economic policies. The fact that you don’t like the result of those pills doesn’t change them.

Pete F.
10-11-2022, 07:51 AM
sorry, unemployment was just this low when trump
was in office and it didn’t take 9% inflation to accomplish. And GDP growth isn’t good, when again,it’s all
due to once in 30 year inflation.

nice try. the lips are clear in america’s view of democrat economic policies. The fact that you don’t like the result of those pills doesn’t change them.

40-year inflation is high... then you must also know that corporate profits are at a 50-year high.
Hmmm
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Jim in CT
10-11-2022, 07:57 AM
40-year inflation is high... then you must also know that corporate profits are at a 50-year high.
Hmmm
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and if anybody expected that to continue, the stock market probably wouldn’t be correcting. Hmmmm.

run along and fabricate another quote from MTG…

scottw
10-11-2022, 07:58 AM
and if anybody expected that to continue, the stock market probably wouldn’t be correcting. Hmmmm.

run along and fabricate another quote from MTG…

sounds like he thinks corporations are causing inflation....I would hope that corporate profits are higher than 50 years ago....inflation rate...not so much

The Dad Fisherman
10-11-2022, 08:17 AM
sounds like he thinks corporations are causing inflation....I would hope that corporate profits are higher than 50 years ago....inflation rate...not so much

At least the value of the dollar is going down to help balance things out.
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PaulS
10-11-2022, 08:42 AM
sounds like he thinks corporations are causing inflation....I would hope that corporate profits are higher than 50 years ago....inflation rate...not so much

Isn't one factor in inflation caused by rising prices?

Jim in CT
10-11-2022, 09:16 AM
Isn't one factor in inflation caused by rising prices?

if the price increases are nothing more than price gouging, yes. if the price increases are a function of wholesale costs going up, then the answer is more complicated. in that case,,the root cause is whatever is causing prices to go up.

Which do you think it is?

PaulS
10-11-2022, 09:34 AM
if the price increases are nothing more than price gouging, yes. if the price increases are a function of wholesale costs going up, then the answer is more complicated. in that case,,the root cause is whatever is causing prices to go up.

Which do you think it is?

a variety of things. covid, the fed, supply chains, fewer workers, retirements, fewer immigrants, companies seeing other companies getting increases so they think they can get them, people buying goods instead of trips/services, etc.

Did someone else just post this question as you didn't throw around insults?

Jim in CT
10-11-2022, 09:35 AM
a variety of things. covid, the fed, supply chains, fewer workers, retirements, fewer immigrants, companies seeing other companies getting increases so they think they can get them, people buying goods instead of trips/services, etc.

Did someone else just post this question as you didn't throw around insults?

federal spending by both parties contribute at all?

Pete F.
10-11-2022, 09:38 AM
The only reason that the price of gas is up is Putin's invasion--this is literally the definition of windfall profits (though in the case of Big Oil, their long support of Putin has helped make that wind blow)
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Jim in CT
10-11-2022, 09:45 AM
The only reason that the price of gas is up is Putin's invasion--this is literally the definition of windfall profits (though in the case of Big Oil, their long support of Putin has helped make that wind blow)
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putin invaded in, what, february of 2022? go see what gas prices had been doing before that pete.

biden didn’t wave his hand and cause gas prices to go up. but they went up under his watch, and it’s absurd to say it’s all putin’s fault. gas prices had been increasing well before russia invaded. Of course some of it is putin’s fault, not all of it. sorry.

scottw
10-11-2022, 09:47 AM
putin invaded in, what, february of 2022? go see what gas prices had been doing before that pete.

.

no mention of brandon....

Jim in CT
10-11-2022, 11:42 AM
no mention of brandon....

it’s all sarah palin’s fault.

wdmso
10-11-2022, 08:24 PM
i didn’t say i was afraid, nor did i say it’s i my happening in the US nor did i say we’d never recover

So as is often the case, you are responding to that which nobody ever said
Then what did you say? And what was the point of your post?
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wdmso
10-11-2022, 08:26 PM
sorry, unemployment was just this low when trump
was in office and it didn’t take 9% inflation to accomplish. And GDP growth isn’t good, when again,it’s all
due to once in 30 year inflation.

nice try. the lips are clear in america’s view of democrat economic policies. The fact that you don’t like the result of those pills doesn’t change them.

Jim it’s called statistics. And analytics . numbers don’t lie.

But keep trying to insist they do
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Pete F.
10-11-2022, 10:44 PM
putin invaded in, what, february of 2022? go see what gas prices had been doing before that pete.

biden didn’t wave his hand and cause gas prices to go up. but they went up under his watch, and it’s absurd to say it’s all putin’s fault. gas prices had been increasing well before russia invaded. Of course some of it is putin’s fault, not all of it. sorry.

Before that Putin’s puppet negotiated a rise in the price of crude with Putin and OPEC.

Headline 4/12/2020
Oil Nations, Prodded by Trump, Reach Deal to Slash Production
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scottw
10-12-2022, 05:04 AM
rut roh....

The Economist

Why Republicans are gaining ground in the midterm polls

"It would take a big polling miss, but it would no longer be a shock if they won the Senate"


it's pretty amusing that the dems are now counting on that hooded nut in PA to keep control of the senate:jester:

Jim in CT
10-12-2022, 05:49 AM
rut roh....

The Economist

Why Republicans are gaining ground in the midterm polls

"It would take a big polling miss, but it would no longer be a shock if they won the Senate"


it's pretty amusing that the dems are now counting on that hooded nut in PA to keep control of the senate:jester:

Fettarmen taped an interview with NBC that’s airing today, and the NBC reporter said he had a hard time understanding the conversation.

If you can’t understand a casual conversation, do you really belong in the US Senate?

The democrats got lucky with which senate seats are up. there are twice as many republicans up for re election as democrats. It’s a very fortuitous rotation for democrats. Combined with some weak GOP candidates…

wdmso
10-12-2022, 08:13 AM
If you can’t understand a casual conversation, do you really belong in the US Senate?

You really are an expert hypocrite
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scottw
10-13-2022, 08:12 AM
good news!...inflation is only up an inch again!!

hey pete, how are the latest polls looking? you haven't gleefully updated in a while....:rotf2:

Jim in CT
10-13-2022, 08:29 AM
good news!...inflation is only up an inch again!!

hey pete, how are the latest polls looking? you haven't gleefully updated in a while....:rotf2:

the economy is fine! Paul Krugman said so, and he has a Nobel Prize!