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TigerNet HOFer [127590]
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Ultimate Clemson Legend [103321]
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And this how wars start. In countries run by dictators, when hard times hit
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Dec 16, 2024, 7:53 AM
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one of two things happens. The dictator blames some enemy and starts a war, OR.....the dictator is assassinated and a new one steps up.
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CU Medallion [19787]
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Contrast to US economy which is on a solid glide path heading into 2025
Dec 16, 2024, 8:20 AM
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Over last two years when looking at GDP, unemployment, wages, inflation, gas prices, recent rate adjustments etc.
Need to keep the momentum moving in the right direction…
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CU Medallion [19787]
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Foretold mention the Stock Mkts.***
Dec 16, 2024, 8:34 AM
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Ultimate Clemson Legend [103321]
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BLS, BLS, BLS, BLS, gas station signs, Federal Reserve
Dec 16, 2024, 9:45 AM
[ in reply to Contrast to US economy which is on a solid glide path heading into 2025 ] |
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It's interesting. In the UK their version of the BLS has only a 30% response rate, and on that they derive their data. Our BLS is also suffering lower response rates, and budget problems cutting their universe of data below 5,000 surveys.
This provides for dubious accuracy from a statistics point of view. Furthermore, the BLS is an agency of a governemnt $36 trillion in debt, that must pay interest on that debt. So there is a massive conflict of interest there, totally ignored.
As it stands currently, inflation is rising (again) while the fed is lowering rates, and job growth is slowing. It's counterintuitive. Either data is bad, or this is stagflation, or both.
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Ultimate Tiger [33730]
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What makes you think this is stagflation?!? The GDP growth...
Dec 16, 2024, 9:59 AM
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is pretty good and job growth might be slowing, but it's still growth at a pretty healthy rate. And dang, inflation increased a bit to 2.7% in November, but that's an awfully long way away from the kind of high inflation needed to declare anything close to stagflation conditions.
In other words...what are you talking about?
And this bent on the BLS is still silly IMO.
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Clemson Icon [26632]
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Ultimate Tiger [33730]
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No, unlike you, I actually understand what I'm talking about.***
Dec 17, 2024, 9:19 AM
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Orange Beast [6303]
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Ultimate Tiger [33730]
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huh?***
Dec 17, 2024, 9:20 AM
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Rival Killer [2748]
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Biden is handing Trump an economy & country that is fully recovered....
Dec 16, 2024, 1:36 PM
[ in reply to Contrast to US economy which is on a solid glide path heading into 2025 ] |
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from the mess he inherited from Trump in 2021.
Unemployment is low by historic standards. Inflation - which was caused by supply shocks, not by Biden legislation - has calmed down and is at a whopping 2.7% (OMG, we're all gonna die). The spike in violent crime/murder from 2020 has now faded away. Job growth is good. Energy production is at an all-time high. Uninsured rate is very low by historic standards.
The country is basically in good shape in terms of the basic economy. Politically, we're a mess. But that's been the case for decades, and not something that Biden or any Dem could fix in today's climate.
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Clemson Icon [26632]
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Rhetorical BS... but you'll see soon enough. The 'numbers' are all fudged.***
Dec 17, 2024, 1:03 AM
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All-In [10975]
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Re: Sounds like China has serious problems
Dec 16, 2024, 10:30 AM
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leave that chinese garbage on the shelf and they will collapse
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