Inflation is easing. Now, Harris has an even bigger problem with the economy.

[justoffal]

Progs ideas of balancing the budget are massive tax increases. This while adding more expensive programs through legislation. Progs never cut taxes. They may keep part of Trump's tax cuts in 2025 when it runs out for the peasants on their standard deductions and then say they gave a tax cut. They did this before. To them, balancing the budget cannot happen because of tax cuts for the rich as they spew. Yet when empowered they do not make the massive tax increases into law that they really say they want. The arrow on your campaigns means you cannot stop the movement from the Democratic Party to a Liberal Party to a Progressive Socialist Party enroute to Communism. The arrow tells all.

The Democrats ARE the rich people That's why they only talk about making new rules for the rich and don't actually do it. It's the perfect scam and it gets them votes... Then once they are in power they protect their own wealth.

 

[justoffal]

I know this won't matter, but just for the heck of it.

From your link:

• Rate markets are pricing in more risk of economic slowdown
• But economists, markets still predicting a soft landing ahead

Those banks are not "raising their projections for a US recession". They are saying that markets have priced in, through their buying and selling tactical decisions, a higher probability, BUT ALSO that a recession is an "outside chance". GS has a 25% probability in place as of today. That's slightly higher than it was before, but still an outside chance. Markets breathe, fluctuate, constantly. The fact is, no one knows.

The labor market cooling is actually the point of what the Fed is trying to do. The "soft landing" is precisely the stated goal. It's the Fed's mandate.

And further, the Fed (whether we like it or not) has far more influence over the macroeconomy than any president (or, obviously, Vice President). Trump himself begged the Fed to not only INCREASE inflationary quantitative easing, but also to artificially decrease interest rates. Thank goodness the Fed told him to pound sand, but this notion that he wants the President to have influence over the Fed is simply terrifying.

Look, I realize that I don't really understand the point of partisan political rhetoric from either party. Maybe intellectual honesty just isn't a consideration. If you're just tossing out stuff for fun, then I withdraw my comments.

Sometimes a recession can be a good thing especially in regard of the value of the money unit.
The dollar seems to have lost its way... Time to redirect it.

 

[konradv]

https://www.politico.com/news/2024/08/14/inflation-harris-economy-feds-00173962

The labor market is cooling. Banks like JPMorgan Chase and Goldman Sachs are raising their projections for a U.S. recession. More Americans are skipping credit cards and auto loan payments. Delinquency expectations — which reflect the likelihood of a missed minimum payment on outstanding debt — are at the highest levels since the peak of Covid-19 lockdowns.

Thanks to Kamala and Joe, we are in a real mess.

I realize the left tries to hang this on Bush...or Trump.....or Nixon or whoever else they can so they don't have to accept responsibility for the huge deficits and problems they've created with their policies.

All these cries about jobs markets that are now going soft and other indices that would show the economy isn't as great a shape as they said it was will.....are going to come back to them.

I so look forward to the myriad of clips that show Harris touting "Bidenomics" as "working" when in fact it was just accumulating the negative energy it is getting ready to release.

This is why Harris won't speak to the press. She's going to get hammered. And never mind that she continues to espouse ideas (like Biden did during the debate) that will do nothing but add to a fast growing debt.

Biden and Hindeburg Harris have us on track to 40 trillion before the end of 2028. At that time, it's not going to matter who is president.

Easing inflation is now a problem?!

#DOUBLETALK

 

[HikerGuy83]

I know this won't matter, but just for the heck of it.

From your link:

• Rate markets are pricing in more risk of economic slowdown
• But economists, markets still predicting a soft landing ahead

Those banks are not "raising their projections for a US recession". They are saying that markets have priced in, through their buying and selling tactical decisions, a higher probability, BUT ALSO that a recession is an "outside chance". GS has a 25% probability in place as of today. That's slightly higher than it was before, but still an outside chance. Markets breathe, fluctuate, constantly. The fact is, no one knows.

The labor market cooling is actually the point of what the Fed is trying to do. The "soft landing" is precisely the stated goal. It's the Fed's mandate.

And further, the Fed (whether we like it or not) has far more influence over the macroeconomy than any president (or, obviously, Vice President). Trump himself begged the Fed to not only INCREASE inflationary quantitative easing, but also to artificially decrease interest rates. Thank goodness the Fed told him to pound sand, but this notion that he wants the President to have influence over the Fed is simply terrifying.

Look, I realize that I don't really understand the point of partisan political rhetoric from either party. Maybe intellectual honesty just isn't a consideration. If you're just tossing out stuff for fun, then I withdraw my comments.

Uhmmmm.....

I looked. I don't see that in my link.

 

[justoffal]

Easing inflation is now a problem?!

#DOUBLETALK

 

[Mac1958]

Uhmmmm.....

I looked. I don't see that in my link.

The link that says "raising their projections".

Bloomberg - Are you a robot?

 

[HikerGuy83]

The link that says "raising their projections".

Bloomberg - Are you a robot?

So, it's not my link.

 

[JWBooth]

The dollar's purchasing power is shrinking at a lower rate. There is no four year rollback on previous price inflation, just a slowed growth. Big fucking deal.

 

[Foxfyre]

I've said it before.....you can't turn your back on the God of this land and expect to prosper (which means much more than money).

The GOP seems to be the party that acknowledges and allows God. Again vote straight GOP in November.

 

[justoffal]

The dollar's purchasing power is shrinking at a lower rate. There is no four year rollback on previous price inflation, just a slowed growth. Big fucking deal.

I know.....that's like saying ..
" The femoral artery is only gushing about half as much...you're going to die in ten minutes now instead of five! Yay! You should be grateful!"

 

[JWBooth]

I know.....that's like saying ..
" The femoral artery is only gushing about half as much...you're going to die in ten minutes now instead of five! Yay! You should be grateful!"

Let's lower rates so we can gin it all back up again. Woo Hoo.

 

[justoffal]

Let's lower rates so we can gin it all back up again. Woo Hoo.

The Fed has effectively lost control at this point.

Reason?

They are trying to support a dying currency.

 

[HikerGuy83]

The dollar's purchasing power is shrinking at a lower rate. There is no four year rollback on previous price inflation, just a slowed growth. Big fucking deal.

As one poster said "You can't cry over the past".

But you could sure starve over it.

They think she gets to skate on this ?

 

[Harpy Eagle]

https://www.politico.com/news/2024/08/14/inflation-harris-economy-feds-00173962

The labor market is cooling. Banks like JPMorgan Chase and Goldman Sachs are raising their projections for a U.S. recession. More Americans are skipping credit cards and auto loan payments. Delinquency expectations — which reflect the likelihood of a missed minimum payment on outstanding debt — are at the highest levels since the peak of Covid-19 lockdowns.

Thanks to Kamala and Joe, we are in a real mess.

I realize the left tries to hang this on Bush...or Trump.....or Nixon or whoever else they can so they don't have to accept responsibility for the huge deficits and problems they've created with their policies.

All these cries about jobs markets that are now going soft and other indices that would show the economy isn't as great a shape as they said it was will.....are going to come back to them.

I so look forward to the myriad of clips that show Harris touting "Bidenomics" as "working" when in fact it was just accumulating the negative energy it is getting ready to release.

This is why Harris won't speak to the press. She's going to get hammered. And never mind that she continues to espouse ideas (like Biden did during the debate) that will do nothing but add to a fast growing debt.

Biden and Hindeburg Harris have us on track to 40 trillion before the end of 2028. At that time, it's not going to matter who is president.

https://thehill.com/business/4822935-bank-of-america-ceo-says-research-team-does-not-have-any-recession-predicted-anymore/

 

[IDIOCRACY]

https://www.politico.com/news/2024/08/14/inflation-harris-economy-feds-00173962

The labor market is cooling. Banks like JPMorgan Chase and Goldman Sachs are raising their projections for a U.S. recession. More Americans are skipping credit cards and auto loan payments. Delinquency expectations — which reflect the likelihood of a missed minimum payment on outstanding debt — are at the highest levels since the peak of Covid-19 lockdowns.

Thanks to Kamala and Joe, we are in a real mess.

I realize the left tries to hang this on Bush...or Trump.....or Nixon or whoever else they can so they don't have to accept responsibility for the huge deficits and problems they've created with their policies.

All these cries about jobs markets that are now going soft and other indices that would show the economy isn't as great a shape as they said it was will.....are going to come back to them.

I so look forward to the myriad of clips that show Harris touting "Bidenomics" as "working" when in fact it was just accumulating the negative energy it is getting ready to release.

This is why Harris won't speak to the press. She's going to get hammered. And never mind that she continues to espouse ideas (like Biden did during the debate) that will do nothing but add to a fast growing debt.

Biden and Hindeburg Harris have us on track to 40 trillion before the end of 2028. At that time, it's not going to matter who is president.

Californians are currently in control of the Democracked party, and will be running shit if the Democrat's installment wins the election. Anyway, how's California doin? Well, if you ignore the high price to live in a shithole most places, negative population growth due the exodus, while the population is rapidly replaced by foreigners, they sport the nation's highest unemployment rate.

Kamala for President, because we're fucking retarded.

 

[HikerGuy83]

https://thehill.com/business/4822935-bank-of-america-ceo-says-research-team-does-not-have-any-recession-predicted-anymore/

And your point ?

 

[Harpy Eagle]

And your point ?

That not everyone thinks the chance of a recession has gone up, in fact many think it is just the opposite.

But one thing is for sure, if you keep predicting one, eventually it will happen and then you can go "see, told you"

 

[Harpy Eagle]

I don't recall the article saying there would be a recession.

So, could you please stick to the points being made and stop manufacturing stuff to argue against.

The very first line of your OP....The labor market is cooling. Banks like JPMorgan Chase and Goldman Sachs are raising their projections for a U.S. recession.

 

[HikerGuy83]

The very first line of your OP....The labor market is cooling. Banks like JPMorgan Chase and Goldman Sachs are raising their projections for a U.S. recession.

You are totally correct. I was thinking of a different article. I will delete my post.

 

[Harpy Eagle]

Delinquency expectations — which reflect the likelihood of a missed minimum payment on outstanding debt — are at the highest levels since the peak of Covid-19 lockdowns.

The problem with comparing things to during COVID is that the Govt was sending out checks and people were feeling pretty good about things.

If you look prior to COVID you will see the 13% we are at now is pretty average...