DawgTalkers.net Forums DawgTalk Palus Politicus The economy again…

So they are down. Thanks. And a minimum of three rate cuts are predicted for next year. First you claimed it was made up so we're making progress.

Show me where I said it was made up for 100G

Checkbook is open.

So big business buying up those houses is somehow Biden's fault. It sounds like a result of capitalism.



I see another English lesson is in order. Inflation is determined on the rate that prices are increasing. Not based on the rate of which prices are decreasing.


Now when the facts don't add up to your repugnantcan beliefs you accuse math of being liberal........

Average annual consumer price inflation was 6,9% in 2022 (i.e. the average CPI for all urban areas for 2022 compared with that for 2021). This was 2.4 percentage points higher than the corresponding average of 4,5% in 2021.

3.4%
Inflation came down in 2023, ending the year at 3.4%.

So you're trying to take credit for inflation coming down a tiny amount after a 21 year high? When people are still paying super jacked up prices? The public is not gonna buy that come voting season. They vote with their wallet.

Would you like an address to send the check to?

Once again you have it confused. It was home mortgage rates that were at a 21 high before interest rates started dropping. Did you start happy hour early?


That's what I said about people voting with their wallets in 2022 when the economy was much worse than it is now. I believed they were correct in thinking the republican red wave was coming. It turns out that wasn't the case.

I stated factual statistical data on how inflation has and is decreasing. Inflation has been greatly reduced from 2022 through 2023. First you tried claiming that math is somehow liberal. Now your claim is that people "won't buy" math.

Keep lying! Half the country cant even afford their housing!

Let's draw it in crayons for pit because he is being ignorant and cant grasp basic economics.

Nothing I posted was a lie. Rather than spewing mouth vomit back it up with some proof I'm lying. But you're too much like trump. Just spew lies and mouth vomit and you think people will believe it. Facts are not your friend and you have no evidence or facts to support it's not the truth. Just nastiness.

Private equity buying up homestead real estate is a very real problem. I'm trying to figure out how that translates to Biden being at fault, though.

I would also agree with the point FATE made though about interest rates being ginormously high. They are punishingly high right now, but that also follows being ginormously low over the past two administrations. Those chickens had to come home to roost at some point.

Quoting for truth. Pit keeps lying and lying.

No they aren’t. That’s not true. If that was the case interest rates would be around 12%. They aren’t. You can get a VA for 6.1 right now with nothing down. A conventional loan is around 7.4.

That's not saying it's made up. That's comparing it to your other absurd statement... Acting like the border invasion wasn't a problem because numbers were down for one month.

I already spoke to that chart. Honestly, if your desire is to go after the Dems for that line, you would have a more plausible argument against Obama. I can tell you first hand how slow the Government moves. Any administration causing something remarkable to happen in the first months/year (short of declaring war) via policy implementation - good or bad - is almost unprecedented. I harken it to the housing crisis in 2008 going all the way back to policies implemented in the 90's. Same as how DeSantis has been riding the wave in Florida that is pretty much due to the work of Bush, Crist and Scott (all Republicans mind you), but he is somehow taking all the credit, when I really can't point to anything he's actually done besides "fight woke."

Correlation is not akin to causation in and of itself.

Don't know what the hell you're talking about. All-time high maybe? The last time mortgage rates were above 7.5% was 2002.

So basically what your saying is that the US will be hosed by Bidens policies for years to come. No matter which GOP candidate wins in Nov.

Either it's you who are lying or it's almost every economist in the country. I didn't make the news, I'm just reporting it. Let me guess, now you'll say the AP is the liberal media?

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.

Friday’s government report showed that prices rose just 0.2% from November to December, a pace consistent with pre-pandemic levels and barely above the Fed’s 2% annual target. Measured from a year earlier, prices increased 2.6%.

Excluding volatile food and energy costs, so-called “core” prices rose just 0.2% from month to month and 2.9% from a year earlier — the smallest such rise since March 2021. Economists consider core prices a better gauge of the likely path of inflation.

The latest data suggests that the economy is achieving an elusive“ soft landing,” in which inflation falls back to the Fed’s target without a recession. That outcome could make it easier for the Fed to consider cutting its key interest rate, which it raised 11 times since March 2022 to attack inflation. Higher interest rates have throttled home sales by raising the cost of borrowing. Businesses have also chafed under the higher borrowing costs.

On Thursday, a government report showed that the economy expanded at a surprisingly strong 3.3% annual pace in the final three months of last year. Solid consumer spending propelled the growth, capping a year that had begun with widespread expectations of a recession but instead produced a healthy expansion.

Biden’s Republican critics have sought to highlight what had been the biggest inflation spike in four decades, for which they have largely blamed the president’s spending policies. But with inflation having dropped sharply after an extended period of gloomy consumer sentiment, Americans are starting to show signs of feeling better about the economy. A measure of consumer confidence by the University of Michigan, for example, has jumped in the past two months by the most since 1991.

The details in Friday’s report all point to inflation being in check: Measured over the past six months, prices are up just 1.9%, which is actually below the Fed’s 2% target. Over the past three months, the figure is even lower: 1.5%.

Grocery prices, after nearly two years of sharp increases, were unchanged in December and were just 1.3% higher than a year earlier. Chicken prices actually dipped 0.4% from November to December; they’re up 1.2% compared to a year ago. Beef and veal prices, though, climbed 0.3% in December and are still 8.7% higher than 12 months earlier.

The report arrives less than week before the Fed will hold its latest policy meeting. The central bank is considered sure to keep interest rates unchanged, but attention will be focused on Chair Jerome Powell’s news conference for any clues about when the Fed might begin to cut rates.

“The Fed will be welcoming the inflation data,” said Lydia Boussour, senior economist at consulting firm EY. “It does suggest that inflation is on track and the Fed is well-positioned to start (cutting rates) in a few months.”

During 2023, inflation fell steadily as global supply chains recovered from pandemic-era disruptions and more Americans came off the sidelines to take jobs, which helped slow wage growth. Slower-rising pay eases the pressure on businesses to raise prices to offset higher labor costs. According to the Fed’s preferred measure, inflation peaked at 7.1% in June 2022.

More Americans now appear to be pushing back against the price spikes of the past two years. In response, there are signs that some companies are forgoing price hikes or implementing smaller increases.

The Fed’s most recent beige book report, a collection of anecdotes mostly from businesses around the country, found many examples of companies finding that they now have less ability to raise prices.

That trend appears particularly evident at auto dealerships. Car dealers now have many more vehicles on their lots than in the depths of the pandemic, when factory shutdowns left consumers desperate to find a new or used car. David Kelleher, for example, who owns a Chrysler-Jeep dealership just outside Philadelphia, said his profit margins have plunged 70% since 2021 now that consumers have more options and can haggle again.

Kelleher is offering enhanced discounts to try to attract buyers.

“There’s less appetite to absorb the higher cost,” he said.

In the aftermath of the pandemic, Kelleher said, he might have had five Jeep Wranglers on his lot and 25 customers who wanted one, giving him significant pricing power. Now, he has 78 Wranglers, and many of his competitors are well-stocked as well.

“That’s good for the consumer,” who can play the dealers off each other, Kelleher conceded.

In December, the Fed’s policymakers had projected that they would carry out three quarter-point rate cuts this year. Yet they provided little hint of when the first cut might occur. Late last year, Wall Street traders had bet that the first rate cut would occur in March.

Several Fed officials, though, have pushed back against such assumptions. Christopher Waller, an influential figure on the Fed’s Board of Governors, last week reiterated his view that inflation is on track to return to the Fed’s 2% goal. But Waller cautioned that any decision to cut rates should be “carefully calibrated and not rushed” — remarks that were widely interpreted as downgrading the likelihood of a March cut.

Friday’s price data showed a lower level of inflation than did the most recent consumer price index, released earlier this month, which showed inflation at 3.4% in December. The more widely known CPI shows higher inflation than the Fed’s preferred measure partly because it puts greater weight on housing and rents, whose prices are higher than for many other goods and services.

https://apnews.com/article/inflatio...6hNx1OsWR2Tg0lPgGFX-g5OolXnvKViAN-jk8Ojs

Now carry on with your repugnantcan lies, rants and #conservativetears

What is mouth vomit?

Where does yours usually come from?

Wait, nevermind.

Especially his border policies. Although you may want to trade "years" for decades.

"But Congress!"

I didn't expect you to be honest or pay up. You compared them to both being made up which neither were. But when you're dealing with a person who doesn't think the rule of law means anything I would expect nothing less.

Even when it was proven the difference between immigration law and policy you still can't take the L can you? But then refusing to pay a bet you lost should have been my first clue.

Didn't say either one was made up. Apply more than one brain cell. I'm comparing the absurdity of one statement with the absurdity of another.

Learn. To. Think. It's. Not. That. Hard.

I'm sorry you are being dishonest. It was however to be expected.

Ahhh... Romper Room for the thinking impaired.

Do you want me to post your comments about the border numbers being down in October to help you understand?

I DID NOT SAY ANYTHING WAS "MADE UP".

So we're in an economy thread. Your claim is that in a thread about the economy you expect people to believe that your accusation about me making things up was about the border and that what you posted wasn't accusing me of making things up about the mortgage rate? You do realize attacking me for what you posted doesn't change what you posted, right? Dear God you've gone over the edge on this refusing to take accountability thing today.

If I were you I would be careful who I wager with. There's a lot of people that won't let you welch on a bet quite as easily as I am.

We'll color by numbers for the brain dead.

Q. Were the border numbers down last October?
A. Yes.


This is me AGREEING (not saying it's "made up") but pointing out that it doesn't address the problem (still sky high border numbers / still sky-high interest rates)

Get it? (My dog just got it, and she's senile)

If you still can't understand, you probably need to see a psychiatrist... or a third grade teacher.

Yes, you made the assertion that bot were made up. When you make a comparison of two things being the same, you used the word "like".

I get that you're trying to crawl your way out of being honest and in your ilks typical fashion you think acting like Eve by thinking that degrading others somehow makes you credible. It doesn't. You are only serving to undermine yourself by acting like a child.

you compared the two as being the same and then insinuating both were made up. Everyone can read and your blathering BS won't change it.

Let's get some warm milk and get you to bed, I think you're running a fever.

And you are still welching on a bet trying to make it sound like it's my fault. Somebody pumped you full of pablum and your spewing it everywhere.

No I'm not. I'm 100% in the right. I never said anything was made up. I compared one of your stupid statements to another stupid statement. The one I compared it to, I said was correct at the time and in every response since.

If I agreed one was correct.
And compared it to another.
How does that mean I said the second was "made up"?

These are three simple if/then statements, if you're still having a hard time, ask your dog... or a housefly... or a single cell amoeba.


https://www.quora.com/Is-it-possible-for-someone-to-get-an-IQ-of-0

I'm certainly glad you went to school decades ago. In today's era of "No Child Left Behind" the entire rest of the classroom would be waiting for you to catch up. Just the English class alone would be years behind.

Ouch!

Alright.

Now that we can agree that mortgage rates are down... here's what that means for you, lucky home buyer:


A payment more than $2400 per month higher... or $870,000 over the life of the loan.

Not that that kind of jack really means much to anybody.

Eve, sometimes with you I feel like I could just say that 1+1=2 and you’d find some asinine way to twist my words into absurdity and then say something immature because that’s just what you do.

I’ll bite, though. I don’t know why. Anyhow, I think we can look back at some of the things implemented during the early parts of his administration and look to causal effects. I don’t think that he was the boogeyman of inflation that Conservatives make him out to be. I think many want to find fault with Biden for anything bad going on the world because his perceived failure reinforces their preconceived notions. That works both ways.

If you want to dissect individual pieces though, things like the stimulus money given out repeatedly seems to be a bad idea in retrospect. I definitely don’t think that helped the problem. There are also other issues where I think he struggled, but I’m going to call out nonsense where there is nonsense.

And what some people fail to admit is that Biden isn't the only one of the two that handed out stimulus checks.

Now the rates aren't falling fast enough to suit you. lol

And according to GOPers Biden did all of this while too old and Senile to hold office. LMAO, he cleaned up Trump’s mess and has the economy humming, NATO stronger than ever adding members, got infrastructure passed and all that work and money will hit the ecconomy over the next several years. We will be in an economic BOOM by summer 25 as long as BIDEN’s admin is still guiding America back to herself.

When something bad happens on a Republican presidents watch, it's 100% their fault. Bush was blamed for the 2008 mess. Democrats also investigated him for high gas prices. Biden contributed to inflation with his huge spending bill as soon as he took office. Then he pretended inflation was happening. He absolutely deserves blame for that, yet, democrats give him a free pass. Now that the economy is growing, Biden is given sole credit for that. Biden gets credit for all the good things, but none of the bad. Why the double standard?

So who else would you give credit to for the economic recovery? Biden has been the only president in office since the recovery has began.

And I do find it odd how many of you cry foul when someone blames a Republican in power for economic ills and then quickly use the exact same approach when s Democrat is in office.

The only difference I see is when a Democrat is in office and the economy is improving, Republicans pretend it isn't.

So which Democrats are you claiming denied that inflation was bad and needed to be addressed? Which of them claimed the economy was good when it was doing so poorly? How is it that they're all saying the economy is in recovery if it wasn't bad before it began to recover?