More Bidenomics

[Weatherman2020]

“Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.”
Is this the build back better or the make America a third world nation part?

But the economic news is not all doom and gloom!

“Despite recent gains on their investments, U.S. public pension funds don’t have nearly enough money to pay what they owe current and future retirees.
In less than a decade, that shortfall has tripled to at least $2 trillion—more than half of all outstanding state and local bond debt, according to a report by Moody’s Investors Service.
Moody’s looked at the unfunded liabilities of the 25 biggest public retirement systems, which cover 40 percent of the $5.3 trillion in total U.S. public pension plan assets.”
4 more years!
4 more years!

Moody's downgrades US banks, warns of possible cuts to others

Report comes against backdrop of tightening monetary conditions.

www.reuters.com

 

[multivita-man]

Explain how Biden caused this...

 

[Mikeoxenormous]

Explain how Biden caused this...

Isnt Biden the President of the United States? Yeah, he is , this happening on HIS watch just like Andrew Cuomo's, Housing Bust, was blamed on President Bush.

..........................................................................................

 

[multivita-man]

Isnt Biden the President of the United States? Yeah, he is , this happening on HIS watch just like Andrew Cuomo's, Housing Bust, was blamed on President Bush.

..........................................................................................View attachment 812937

I don't just automatically blame presidents for random shit. I wasn't always popular with TDS folks for not blaming Trump for every thunderstorm that happened on his watch.

 

[gtopa1]

I don't just automatically blame presidents for random shit. I wasn't always popular with TDS folks for not blaming Trump for every thunderstorm that happened on his watch.

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

The Participation rate has NOT returned to pre-Pandemic levels even though Trump had them on a trajectory to do so. Inflation, supply side issues and war on oil as well as a massive increase in regulations resulted in this.

Greg

 

[gtopa1]

Explain how Biden caused this...

Fair question. Supplied above.

Greg

 

[Moonglow]

Isnt Biden the President of the United States? Yeah, he is , this happening on HIS watch just like Andrew Cuomo's, Housing Bust, was blamed on President Bush.

..........................................................................................View attachment 812937

but the pandemic was not Trump's fault, right?

 

[Moonglow]

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

The Participation rate has NOT returned to pre-Pandemic levels even though Trump had them on a trajectory to do so. Inflation, supply side issues and war on oil as well as a massive increase in regulations resulted in this.

Greg

False, the US has increased oil production to higher levels than Trump-era oil production.

 

[Augustine_]

“Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.”
Is this the build back better or the make America a third world nation part?

But the economic news is not all doom and gloom!

“Despite recent gains on their investments, U.S. public pension funds don’t have nearly enough money to pay what they owe current and future retirees.
In less than a decade, that shortfall has tripled to at least $2 trillion—more than half of all outstanding state and local bond debt, according to a report by Moody’s Investors Service.
Moody’s looked at the unfunded liabilities of the 25 biggest public retirement systems, which cover 40 percent of the $5.3 trillion in total U.S. public pension plan assets.”
4 more years!
4 more years!

Moody's downgrades US banks, warns of possible cuts to others

Report comes against backdrop of tightening monetary conditions.

www.reuters.com

Fitch cited a decline in “governance” as a key reason for its downgrade, a reference to the repeated battles in Washington over the past two decades that have led to government shutdowns or even taken the government to the brink of a debt default.

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said.

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness.

apnews.com

So basically credit is downgraded due to the constant republican threat to destroy America

 

[Moonglow]

Labor Force Participation Rate

View data of the percentage of the total U.S. population that is neither employed nor actively seeking work.

fred.stlouisfed.org

The Participation rate has NOT returned to pre-Pandemic levels even though Trump had them on a trajectory to do so. Inflation, supply side issues and war on oil as well as a massive increase in regulations resulted in this.

Greg

Trump failed to get people back to work. In fact, he is the reason why they stopped working in the first place.

 

[Moonglow]

Fitch cited a decline in “governance” as a key reason for its downgrade, a reference to the repeated battles in Washington over the past two decades that have led to government shutdowns or even taken the government to the brink of a debt default.

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said.

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness.

apnews.com

So basically credit is downgraded due to the constant republican threat to destroy America

And too much debt.

 

[otto105]

“Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability.”
Is this the build back better or the make America a third world nation part?

But the economic news is not all doom and gloom!

“Despite recent gains on their investments, U.S. public pension funds don’t have nearly enough money to pay what they owe current and future retirees.
In less than a decade, that shortfall has tripled to at least $2 trillion—more than half of all outstanding state and local bond debt, according to a report by Moody’s Investors Service.
Moody’s looked at the unfunded liabilities of the 25 biggest public retirement systems, which cover 40 percent of the $5.3 trillion in total U.S. public pension plan assets.”
4 more years!
4 more years!

Moody's downgrades US banks, warns of possible cuts to others

Report comes against backdrop of tightening monetary conditions.

www.reuters.com

3. 5% Unemployment!


Four More Years!

Four More Years!

 

[Moonglow]

There are help-wanted signs all over the nation...

 

[Mikeoxenormous]

3. 5% Unemployment!


Four More Years!

Four More Years!

NO thanks, gasoline just went up 40 cents more, food to follow that increase, then everything else will go up. Bidenflation is killing the poor and middlelcass. Why do you hate the poor and middleclass so much?

 

[Weatherman2020]

3. 5% Unemployment!


Four More Years!

Four More Years!

Yeah!
Everyone has two jobs just to pay the bills!
Yeah!

 

[Weatherman2020]

Fitch cited a decline in “governance” as a key reason for its downgrade, a reference to the repeated battles in Washington over the past two decades that have led to government shutdowns or even taken the government to the brink of a debt default.

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said.

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness.

apnews.com

So basically credit is downgraded due to the constant republican threat to destroy America

Yeah, that’s it!
Republicans rule the nation!

Glad you’ve capitulated.

 

[Weatherman2020]

Explain how Biden caused this...

You’re right.
55 years in office and he’s done nothing.

 

[Care4all]

NO thanks, gasoline just went up 40 cents more, food to follow that increase, then everything else will go up. Bidenflation is killing the poor and middlelcass. Why do you hate the poor and middleclass so much?

Blame Trump's BFF, the Saudi Prince.

 

[gtopa1]

False, the US has increased oil production to higher levels than Trump-era oil production.

Thou art WRONG!!!

U.S. Crude Oil Production - Historical Chart

Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Values shown are in thousands of barrels produced per day.

www.macrotrends.net

Greg

 

[gtopa1]

False, the US has increased oil production to higher levels than Trump-era oil production.

Latest numbers:

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Still UNDER Trump's max while demand has INCREASED!!!

U.S. Field Production of Crude Oil (Thousand Barrels per Day)​

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
												959
2000	5,784	5,852	5,918	5,854	5,847	5,823	5,739	5,789	5,758	5,809	5,833	5,855
2001	5,799	5,780	5,880	5,863	5,829	5,766	5,749	5,725	5,709	5,746	5,881	5,887
2002	5,873	5,881	5,886	5,844	5,905	5,884	5,751	5,796	5,411	5,358	5,624	5,722
2003	5,755	5,783	5,803	5,726	5,663	5,659	5,498	5,574	5,609	5,614	5,547	5,571
2004	5,585	5,572	5,617	5,560	5,556	5,407	5,484	5,325	5,081	5,170	5,423	5,510
2005	5,446	5,501	5,601	5,563	5,596	5,442	5,253	5,198	4,214	4,555	4,857	4,988
2006	5,048	5,032	5,027	5,082	5,151	5,163	5,094	5,040	5,031	5,108	5,064	5,186
2007	5,108	5,118	5,119	5,180	5,211	5,075	5,038	4,970	4,902	5,022	5,034	5,111
2008	5,115	5,148	5,189	5,180	5,143	5,138	5,177	5,003	3,974	4,738	5,078	5,103
2009	5,144	5,239	5,219	5,278	5,377	5,269	5,398	5,418	5,559	5,524	5,395	5,452
2010	5,404	5,553	5,515	5,392	5,401	5,380	5,298	5,447	5,616	5,631	5,576	5,607
2011	5,497	5,406	5,618	5,562	5,625	5,589	5,440	5,665	5,614	5,902	6,039	6,112
2012	6,177	6,268	6,327	6,320	6,370	6,275	6,431	6,351	6,598	6,970	7,082	7,106
2013	7,084	7,157	7,216	7,375	7,327	7,279	7,523	7,535	7,839	7,761	7,920	7,933
2014	8,078	8,157	8,298	8,527	8,646	8,743	8,848	8,933	9,087	9,266	9,327	9,565
2015	9,384	9,506	9,584	9,658	9,475	9,358	9,445	9,410	9,480	9,401	9,333	9,275
2016	9,202	9,066	9,101	8,874	8,835	8,676	8,662	8,690	8,544	8,804	8,903	8,816
2017	8,875	9,110	9,166	9,101	9,185	9,111	9,247	9,250	9,517	9,669	10,085	9,983
2018	10,001	10,281	10,467	10,500	10,435	10,641	10,897	11,392	11,443	11,509	11,886	11,945
2019	11,869	11,673	11,913	12,149	12,154	12,218	11,902	12,486	12,590	12,809	13,000	12,978
2020	12,852	12,842	12,797	11,914	9,713	10,442	11,006	10,577	10,921	10,457	11,196	11,168
2021	11,137	9,916	11,351	11,318	11,390	11,366	11,392	11,276	10,921	11,564	11,782	11,678
2022	11,480	11,258	11,806	11,770	11,734	11,800	11,834	11,985	12,325	12,378	12,376	12,138
2023	12,568	12,532	12,770	12,677	12,662

---

- = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data.

Release Date: 7/31/2023

Next Release Date: 8/31/2023

Recall: War on Oil: Feb 2021!! DROPPED DOWN BY OVER A MILLION BARRELS A DAY!!! Cancels Keystone XL pipeline.

Greg