The United States has surged back!

[schmidlap]

Sometimes, we need to look at the empirical reality.

U.S. economy among the few bright spots at
World Bank/IMF annual meeting

​

The U.S. has been a rare economic bright spot this year, with steady economic growth even as other countries struggle...

The contrast with the U.S. could not be more stark. The IMF says the U.S. is the only major economy where output has returned to pre-pandemic levels.

“Right now, it does seem like we’ve seen a steady amount of economic resilience,” said Ed Moya, a senior market analyst at the brokerage firm Oanda.

American consumers are powering much of the economic growth, he said. They’re still spending a lot, and they feel secure in their jobs, since employers are so desperate to hire.

​

 

[Crepitus]

Sometimes, we need to look at the empirical reality.

View attachment 841494

​

No Way!!

The economy is terrible!

All the Republicans are saying so!

 

[sealybobo]

Sometimes, we need to look at the empirical reality.

View attachment 841494

​

If Republicans believe God intervenes then they have to believe he gave Trump Covid and Biden such great job numbers. Timing is everything.

 

[schmidlap]

If Republicans believe God intervenes then they have to believe he gave Trump Covid and Biden such great job numbers. Timing is everything.

I don't believe that any American President has much control of the economy, certainly not the global economy, but they always get too much credit or blame.

 

[1srelluc]

Sometimes, we need to look at the empirical reality.

View attachment 841494

​

LOL....Talk about self-delusion.

But go ahead, keep believing it.

 

[Votto]

Sometimes, we need to look at the empirical reality.

View attachment 841494

​

Sometimes we have to look at the empirical reality, and other times we need to go buy bread at the store and gas our cars and try to pay or electric bills on the same salary as we had 10 years ago.

 

[TNHarley]

Yes! Everything is awesome.
Cheese is now almost low enough to afford to put on our ham sandwiches again.
Praise Biden! He is making America great again!

 

[Votto]

Yes! Everything is awesome.
Cheese is now almost low enough to afford to put on our ham sandwiches again.
Praise Biden! He is making America great again!

That's the spirit!

Now send those kids of yours off to a university you can't afford where they can learn to murder Zionist babies and cut off their own
genitalia.

Love is in the air.

 

[schmidlap]

LOL....Talk about self-delusion.

But go ahead, keep believing it.

If the World Bank/IMF empirical data does not comport with your ideological dogma, that is unfortunate.

 

[shockedcanadian]

The greatest administration in world history!

 

[schmidlap]

Sometimes we have to look at the empirical reality, and other times we need to go buy bread at the store and gas our cars and try to pay or electric bills on the same salary as we had 10 years ago.

Global inflation is undeniable. Fortunately, it has been less severe in the United States than in most advanced nations:

Inflation Rate - By Country

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Inflation Rate - By Country - was last updated on Sunday, April 7, 2024.

tradingeconomics.com

 

[1srelluc]

If the World Bank/IMF empirical data does not comport with your ideological dogma, that is unfortunate.

It's more unfortunate for those that had to cash-in their 401Ks for everyday needs.

Here you go....From your own MSM source.

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

 

[AMart]

I long for the day of 3% mortgages and $1.75 gas. And,

Treasury Secretary Janet Yellen tries to calm markets amid historic US bond collapse.

Treasury Secretary Janet Yellen tries to calm markets amid historic US bond collapse

"I haven't seen any evidence of dysfunction in connection with the increase in interest rates," Yellen told the Financial Times.

finance.yahoo.com

 

[schmidlap]

It's more unfortunate for those that had to cash-in their 401Ks for everyday needs.

Here you go....From your own MSM source.

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

You have not posted any credible source that attempts to refute the World Bank/IMF report: "The U.S. has been a rare economic bright spot this year, with steady economic growth even as other countries struggle..."

If you have any such data, please provide your source.

 

[Toddsterpatriot]

If the World Bank/IMF empirical data does not comport with your ideological dogma, that is unfortunate.

Is median real income above what it was when Biden took office?

 

[Harpy Eagle]

Sometimes we have to look at the empirical reality, and other times we need to go buy bread at the store and gas our cars and try to pay or electric bills on the same salary as we had 10 years ago.

If you have the same salary you had 10 years ago you are a loser and deserve to suffer.

 

[schmidlap]

Is median real income above what it was when Biden took office?

No, global inflation was less severe under Biden than in most other advanced nations, but still had an impact.

The unemployment rate in the U.S. has fallen from 6.3% when Biden took office to the current 3.8%.

 

[Meister]

Has the fed central banks lowered their interest rates? No?
Well, there is something to ponder.

 

[Harpy Eagle]

Has the fed central banks lowered their interest rates? No?
Well, there is something to ponder.

When the fire is almost out, you do not dump more gasoline on it

 

[Meister]

When the fire is almost out, you do not dump more gasoline on it

If the fire IS out, you don't need gas and the rates are coming down....they ain't coming down
and not in the foreseeable future.