Biden defeats China… by $16 Trillion.. and its still growing

[Magnus]

Bad marketing. That’s why he’s hired me.

All joking aside, WSJ did a great piece on this.

The Economy Is Great. Why Do Americans Blame Biden?​

Inflation is lower, but some won’t be happy until prices come down too. That would be a disaster.​

Oct. 18, 2023

Although the Biden administration can’t crow about it, for fear of seeming out of touch, the economy is doing remarkably well. Consumer price index inflation over 12 months, which peaked around 9% in June 2022, has lately been running around 3.5%. The unemployment rate, which was 6.3% when Mr. Biden took office, has now been 4% or lower for 22 consecutive months. Job creation is still running well above the rate needed to absorb labor force growth. Consumers continue to spend like mad.

Here’s the problem. While some prices in a modern economy—such as for gasoline and food—do go up and down a lot, most prices only go up. When these prices rise rapidly, we have high inflation, as happened in 2022. When they rise slowly, we have low inflation, as was normal before the pandemic. But the overall price level, which is a weighted average of all prices in the economy, almost never falls.

I said almost never. The price level did fall, quite a bit in fact, during the Great Depression, and briefly during the pandemic recession. It takes a truly sick economy to cause deflation.

Yet the public is down in the mouth about the economy—and they blame Mr. Biden. On one level, this isn’t terribly surprising. When the economy does well, Americans give the president more credit than he deserves; and when it performs poorly, they give him too much blame. The question is: Why is this a time for blame rather than credit?

The problem may be that a lot of the public does not. They long for the lower prices they remember. But they don’t think about the severe recession, or even depression, that might be necessary to get back there.

So what’s a poor policy maker to do? For the Fed, whose decision makers don’t stand for election, the answer is simple: Strive for a soft landing, not for deflation. It will make most people better off and happy about the economy. Besides, that’s the central bank’s legal mandate: to achieve low inflation and high employment.

https://www.wsj.com/articles/the-economy-is-great-why-do-americans-blame-biden-9b6e1a6d

 

[1srelluc]

All joking aside, WSJ did a great piece on this.

The Economy Is Great. Why Do Americans Blame Biden?​

Inflation is lower, but some won’t be happy until prices come down too. That would be a disaster.​

Oct. 18, 2023

Although the Biden administration can’t crow about it, for fear of seeming out of touch, the economy is doing remarkably well. Consumer price index inflation over 12 months, which peaked around 9% in June 2022, has lately been running around 3.5%. The unemployment rate, which was 6.3% when Mr. Biden took office, has now been 4% or lower for 22 consecutive months. Job creation is still running well above the rate needed to absorb labor force growth. Consumers continue to spend like mad.
Here’s the problem. While some prices in a modern economy—such as for gasoline and food—do go up and down a lot, most prices only go up. When these prices rise rapidly, we have high inflation, as happened in 2022. When they rise slowly, we have low inflation, as was normal before the pandemic. But the overall price level, which is a weighted average of all prices in the economy, almost never falls.

I said almost never. The price level did fall, quite a bit in fact, during the Great Depression, and briefly during the pandemic recession. It takes a truly sick economy to cause deflation.

Yet the public is down in the mouth about the economy—and they blame Mr. Biden. On one level, this isn’t terribly surprising. When the economy does well, Americans give the president more credit than he deserves; and when it performs poorly, they give him too much blame. The question is: Why is this a time for blame rather than credit?

The problem may be that a lot of the public does not. They long for the lower prices they remember. But they don’t think about the severe recession, or even depression, that might be necessary to get back there.

So what’s a poor policy maker to do? For the Fed, whose decision makers don’t stand for election, the answer is simple: Strive for a soft landing, not for deflation. It will make most people better off and happy about the economy. Besides, that’s the central bank’s legal mandate: to achieve low inflation and high employment.

https://www.wsj.com/articles/the-economy-is-great-why-do-americans-blame-biden-9b6e1a6d

What many fail to realize is inflation compounds month to month.

If the price of a rib-eye steak went up 3% in November and another 1.5% in December it now costs 4.5% more than it did in October. The price of the rib-eye is still going up each month but just at a slower pace.

 

[Blaster]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

I am going to put you on ignore because of your stupid, misleading threads.

 

[okfine]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

Coming after a record four-year losing streak

For many years Hong Kong was China's financial gate to the world. China's refusal to recognize HK's autonomy and constitution has changed that in the last 4 years.

 

[Edgetho]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

Xi is a communist. A murderer, a totalitarian, a piece of human debris, shit, scum.

What he and his minions are doing is -- They are consolidating power.

China uses a form of "Technocracy'', communism in the guise of State-Directed Capitalism. But Capitalism breeds freedom and that is one thing communists and socialist can't stand.

socialists and communists MUST have totalitarian control of the people. Without it they can't exist, their programs don't work, their directives are ignored. There has been a movement of strong, independent, wealthy businessmen emerging in China for the last 20 years.

Xi wants to stop this. And to do it, he shut down any business, he will murder as many people, his OWN people, as he deems necessary. Which, he is in the process of doing.

THAT is what is driving their economy down.

The OP is what happens when you teach imbeciles how to read.

 

[Edgetho]

All joking aside, WSJ did a great piece on this.

The Economy Is Great. Why Do Americans Blame Biden?​

Inflation is lower, but some won’t be happy until prices come down too. That would be a disaster.​

Oct. 18, 2023

Although the Biden administration can’t crow about it, for fear of seeming out of touch, the economy is doing remarkably well. Consumer price index inflation over 12 months, which peaked around 9% in June 2022, has lately been running around 3.5%. The unemployment rate, which was 6.3% when Mr. Biden took office, has now been 4% or lower for 22 consecutive months. Job creation is still running well above the rate needed to absorb labor force growth. Consumers continue to spend like mad.

Here’s the problem. While some prices in a modern economy—such as for gasoline and food—do go up and down a lot, most prices only go up. When these prices rise rapidly, we have high inflation, as happened in 2022. When they rise slowly, we have low inflation, as was normal before the pandemic. But the overall price level, which is a weighted average of all prices in the economy, almost never falls.

I said almost never. The price level did fall, quite a bit in fact, during the Great Depression, and briefly during the pandemic recession. It takes a truly sick economy to cause deflation.

Yet the public is down in the mouth about the economy—and they blame Mr. Biden. On one level, this isn’t terribly surprising. When the economy does well, Americans give the president more credit than he deserves; and when it performs poorly, they give him too much blame. The question is: Why is this a time for blame rather than credit?

The problem may be that a lot of the public does not. They long for the lower prices they remember. But they don’t think about the severe recession, or even depression, that might be necessary to get back there.

So what’s a poor policy maker to do? For the Fed, whose decision makers don’t stand for election, the answer is simple: Strive for a soft landing, not for deflation. It will make most people better off and happy about the economy. Besides, that’s the central bank’s legal mandate: to achieve low inflation and high employment.

https://www.wsj.com/articles/the-economy-is-great-why-do-americans-blame-biden-9b6e1a6d

The Author of that piece is an Ivy League LEFTIST that still think Keynes had a brain (he did not).

Thanks for nothing. I could have found a Biden apologist by just turning on the TV

 

[BluesLegend]

U.S. Debt Clock $34 trillion and rising. Gas prices and the price of everything else still sky high vs Trump. Interest rates sky high. Millions of broke illegals pouring into our country historically sky high costing us hundreds of billions of dollars. Multiple wars. Right things are just peachy under idiot Biden and moron Democrats.

 

[ColonelAngus]

You lefties. STOP THE LIES. BIDEN IS A TRAINWRECK. THE ECONOMY IS GARBAGE. HIS POLICIES ARE GARBAGE. HIS APPROVAL IS 33%. ONLY 67% OF BLACKS SAY THEY WILL VOTE FOR HIM.

All Biden will run on is TRUMP IS RACIST AND TRUMP WILL MAKE YOU BIRTH A RAPE BABY.

You stupid cultists just slurp it up.

 

[Crepitus]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

Way to go Joe!!

Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!
Four More Years!

 

[Crepitus]

And yet a 33% approval rating. Worst in recorded history.

Republican propaganda has reached peak efficiancy.

 

[ColonelAngus]

33% approval for BIDEN. Worst in recorded history.

 

[Crepitus]

So why is a chuck roast still near $7.00 a pound?

Nobody gives two shits about the fuck-fuck games of manipulated financial values.

Part of the reason why chuck roast (all beef really) has gone up is that climate change stuff you don't believe in.

 

[Crepitus]

Panic stricken left wing Gullibles sending out non stop fear Topics .
You can smell the desperation .

Where's the "fear" in the OP?

 

[Crepitus]

Brah. People know their bank account, their wages, and their bills.

How is that marketing? Do you mean propaganda to lie to make people believe our economy is great?

US debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowing​

"This high proportion of interest payments as a share of federal spending has precedent, as the portion before 2000 was over 14% in most years," Bloomberg Intelligence analysts wrote in a note issued Tuesday. "The challenge for the government is tempering mandatory spending and trying to reduce the need to issue more debt. That's the reason we see interest payments climbing even though we forecast lower Treasury yields."

US debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowing

The estimated annualized cost of US debt payments has doubled in the past 19 months, according to Bloomberg.

markets.businessinsider.com

$1 trillion on year on DEBT SERVICE? GTFO.

Sorry to hear you're doing poorly.

Have you considered a career change?

 

[ColonelAngus]

A trillion in annual interest payments from our borrowing?

WTF?

Yea, everything is perfect.

Biden should run on prices of goods and services since he took office.

33% approval overall….67% of blacks approve….down 20%. P
OUCH.

Even blacks are not buying your lies.

 

[1srelluc]

Part of the reason why chuck roast (all beef really) has gone up is that climate change stuff you don't believe in.

 

[citygator]

Yeah, the only problem with this analysis is in the last TWO years, US stocks have dropped $500 billion in value, and this is excluding the additional 10% lost due to inflation. I don't mean to embarrass you, but I felt it was important to show this to the readers of USMB. If I could gently remind you to read ALL the lines of the chart you link, it might help in the future.

12/31/2023	50,781,697.5	42,047,838.5
12/31/2022	40,511,838.8	33,781,377.7
12/31/2021	52,263,018.2	42,368,174.7

You read that wrong. We are at historic highs. Not down.

 

[citygator]

LOL....The OP's posts are always found out to be "wanting" of all the facts.

He was mistaken.

 

[Crepitus]

View attachment 891277

My father raises and sell beef. Feeding them is getting harder and more expensive. Prices go up.

I know what I'm talking about here.

 

[citygator]

What many fail to realize is inflation compounds month to month.

If the price of a rib-eye steak went up 3% in November and another 1.5% in December it now costs 4.5% more than it did in October. The price of the rib-eye is still going up each month but just at a slower pace.

You are reading that wrong too. It’s annualized. Core Inflation went down last month.