Biden’s economy hit with one-two punch of bad data.

[Nostra]

The economy is number 2 on the list of voter concerns, right behind Biden’s border disaster.

The news continues to be bad for Biden.

The economy was just hit with a one-two punch of bad data

In the fight between the mighty American consumer and the always lurking recession, it hasn’t been much of a contest—until now?

fortune.com

 

[MarathonMike]

The Democrat water carriers will chirp in unison "Screw the poor people, look at the stock market!"

 

[1srelluc]

Non-paywall link:

MSN

The second straight weak retail sales report, which included a downward revision of January’s sales data, has sparked concerns that consumers are finally showing signs of wear and tear after powering through price increases and rising borrowing costs for roughly two years. “While last month’s retail sales miss was chalked up to weather, this month’s weakness suggests that perhaps the consumer is not as healthy as expected,” Damian McIntyre, portfolio manager at Federated Hermes, told Fortune in emailed comments.

At the same time, producer price inflation, which tends to lead consumer price inflation, also came in above Wall Street’s expectations for the second straight month on Thursday. It’s another piece of data that could put investors’ dreams of swift, economy-boosting interest rate cuts on hold, particularly with Fed officials being very clear that they don’t plan on cutting rates until inflation is well under control. As Quincy Krosby, chief global strategist for LPL Financial, put it: “For the data dependent Fed, this report isn't helpful.”


The latest retail sales and producer price inflation reports aren’t dire news for the economy in their own right—retail sales are far from outright collapsing, and producer price inflation isn’t soaring—but the new trends seen in them are concerning. If businesses continue to see price hikes, they’ll likely pass those on to already inflation-weary consumers. That could put a stopper on consumers’ aggressive spending, which has helped prevent a U.S. recession so far.

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[Frankenstein]

The Democrat water carriers will chirp in unison "Screw the poor people, look at the stock market!"

Yep cheering on the very people the say they despise, but because many will say the stock market is up so the economy is good, not understanding the two do not coincide, they will give Joe a pat on the back while becoming poorer

 

[Marener]

Did you guys ever get that recession you were hoping for?

 

[luiza]

The Democrat water carriers will chirp in unison "Screw the poor people, look at the stock market!"

Keep cool and just sit calm . The downward trend will start to increase next month and there will be carnage well before year end .
That's the time to casually ask them how matters are . And show them your trading statement .

 

[Frankenstein]

Did you guys ever get that recession you were hoping for?

Nobody wants a recession, but we understand bad policies when we see them!

 

[Marener]

Nobody wants a recession, but we understand bad policies when we see them!

Do you understand what a recession is?

 

[Frankenstein]

Do you understand what a recession is?

A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative (GDP) growth mean recession, although more complex formulas are also used.

 

[OKTexas]

The economy is number 2 on the list of voter concerns, right behind Biden’s border disaster.

The news continues to be bad for Biden.

The economy was just hit with a one-two punch of bad data

In the fight between the mighty American consumer and the always lurking recession, it hasn’t been much of a contest—until now?

fortune.com

Link behind a pay wall. Can you post the relevant parts?

.

 

[Marener]

A recession is a significant, widespread, and prolonged downturn in economic activity. A common rule of thumb is that two consecutive quarters of negative (GDP) growth mean recession, although more complex formulas are also used.

And do you still think we had a recession in 2022?

 

[BluesLegend]

The economy is number 2 on the list of voter concerns, right behind Biden’s border disaster.

The news continues to be bad for Biden.

The economy was just hit with a one-two punch of bad data

In the fight between the mighty American consumer and the always lurking recession, it hasn’t been much of a contest—until now?

fortune.com

The squatter in the White House has wrecked pretty much everything.

 

[Marener]

The squatter in the White House has wrecked pretty much everything.

Unemployment is below 4%.

 

[BluesLegend]

Unemployment is below 4%.

Massive layoffs started last year.

 

[Billo_Really]

The economy is number 2 on the list of voter concerns, right behind Biden’s border disaster.

The news continues to be bad for Biden.

The economy was just hit with a one-two punch of bad data

In the fight between the mighty American consumer and the always lurking recession, it hasn’t been much of a contest—until now?

fortune.com

There is no doubt about it, the economy is rolling thanks to Biden's policies. The infrastructure bill and inflation reduction act are having an impact.

It is true, inflation is a problem, but it is trending down and that's a good thing.

 

[Flash]

The economy is number 2 on the list of voter concerns, right behind Biden’s border disaster.

The news continues to be bad for Biden.

The economy was just hit with a one-two punch of bad data

In the fight between the mighty American consumer and the always lurking recession, it hasn’t been much of a contest—until now?

fortune.com

No wonder Biden's approval ratings are in the the gutter.

He is really a screw up. Just Like Obama said he was.

 

[Flash]

The Democrat water carriers will chirp in unison "Screw the poor people, look at the stock market!"

Meanwhile Americans have to get a Second Mortgage on their home just to afford a tankful of gas and a cart of groceries.

 

[Marener]

Massive layoffs started last year.

Massive hiring continued anyway.

Stock market is at an all time high.

 

[Nostra]

There is no doubt about it, the economy is rolling thanks to Biden's policies. The infrastructure bill and inflation reduction act are having an impact.

It is true, inflation is a problem, but it is trending down and that's a good thing.

Inflation has been going up the past few months.

 

[Staidhup]

The joy ride will come to an end just as the Federal Reserve Act of 1913 ushered in the 29 crash. American politicians have guaranteed an eventual financial reckoning and the Federal Reserve has no power to stop it. At what point will the American voters recognize the government by mandate can not legislate prosperity and printing dollars will only hasten the inevitable.