Whale doesn't need to as they aren't a news organization. But I do think they should have posted a link.
Post-Corona Economy
Post-Corona Economy
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Poll: 81% of registered voters say economy not good.
https://www.cnbc.com/2023/11/06/2024-pr ... ntage.html
https://www.cnbc.com/2023/11/06/2024-pr ... ntage.html
"Trust me you guys, the numbers are terrific. Stop forming opinions based only on the cost of insurance, college, cars, homes, or groceries."The most striking result from the survey was not the outcome in any particular state, however. It was the whopping 81% of registered voters overall who said the condition of the U.S. economy was either “Fair” or “Poor,” compared with just 19% who said it was “Good” or “Excellent.”
This split persisted despite the fact that Biden has traveled the country for the better part of a year, promoting his “Bidenomics” agenda and touting the economic gains made under his presidency.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
JP Morgan: 99% of Americans will be worse of by next year, than they were pre-pandemic.
https://finance.yahoo.com/news/99-ameri ... ccounter=1
https://finance.yahoo.com/news/99-ameri ... ccounter=1
Five years to normality.JPMorgan said the vast majority of Americans have burned through excess savings.
It's likely that all but the top 1% of consumers will be worse off financially in mid-2024 than they were pre-pandemic, the bank said.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Based on a stupid, stupid statistic.
It's only Deposits + MMFs.
That's like measuring the economy by what people have in their wallet.
It's only Deposits + MMFs.
That's like measuring the economy by what people have in their wallet.
It's not me, it's someone else.
Post-Corona Economy
Inflation... tamed?
The core personal consumption expenditures price index rose just 0.1% in November and was up 3.2% from a year ago, both close to expectations.
On a six-month basis, core PCE was up 1.9%, below the Fed’s 12-month target.
Including food and energy costs, so-called headline PCE actually fell 0.1% on the month and was up just 2.6% from a year ago.
It's not me, it's someone else.
Post-Corona Economy
Catt, his numbers accurate?
Totally sustainable.
Totally sustainable.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
The chart - Yes.
Interest is currently 15% of tax receipts. And is certainly a concern. You know, unless you're Congress.
"The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion." is a bit misleading since it would have gone up earlier if not for the temporary debt ceiling stuff, so the chart looks more vertical than it should.
One could also argue that absolute numbers are less meaningful than relative/adjusted numbers (percent of government spending, GDP, or adjusted for inflation).
It's not me, it's someone else.
Post-Corona Economy
Wasn't there a senator whose who spiel was "the sky is falling" over the debt? Can we get a voting majority of people like that? It's kind of important to get this under control.
Was it Rand Paul?
Was it Rand Paul?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Rand Paul. But he's a dick, so no one really cares what he says.
It's not me, it's someone else.
Post-Corona Economy
He was sold as a dick when his words went against party policy, yes.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
As opposed to every other Congressperson?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
More dick. Like you keep asking for when you're with Gordon.
It's not me, it's someone else.
Post-Corona Economy
There is no way Rand Paul is a bigger dick than most of Congress.
And yes, every time I'm with him and trying whatever new recipe he's made, he always gives me a ridiculously small amount. I ALWAYS have to say, "More, dick."
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
What if we just declared bankruptcy. I mean, I feel like 34 trillion is worth taking the credit hit.
But really, what happens to the world if we just say "Fuck it. We aren't paying you."? to all the foreign investors. I could imagine a way we could still pay our American creditors. I remember a while back where our credit rating dropped a bit because of something. What affect does that have on things?
But really, what happens to the world if we just say "Fuck it. We aren't paying you."? to all the foreign investors. I could imagine a way we could still pay our American creditors. I remember a while back where our credit rating dropped a bit because of something. What affect does that have on things?
Post-Corona Economy
Well, how do we sell the next $1 trillion of debt? Also, I don't think we can pick + choose creditors, legally.
It's not me, it's someone else.
Post-Corona Economy
Dear China, in exchange for wiping half of our debt out we make the following offer to you:
We are giving Rs and Ds until 2050 to pay off the balance. Each party will be responsible for half. Any legislation passed to intentionally sabotage the other results in automatic forfeit.
If the Rs fail, you get TX.
If the Ds fail, you get CA.
If they both fail, you get TX, CA, and HA. (To sweeten the pot for China.)
You get the land, resources, buildings, and citizens who decide to stay.
Never happen, but it'd be fun to watch play out.
We are giving Rs and Ds until 2050 to pay off the balance. Each party will be responsible for half. Any legislation passed to intentionally sabotage the other results in automatic forfeit.
If the Rs fail, you get TX.
If the Ds fail, you get CA.
If they both fail, you get TX, CA, and HA. (To sweeten the pot for China.)
You get the land, resources, buildings, and citizens who decide to stay.
Never happen, but it'd be fun to watch play out.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
I'd like to keep Hawaii. I was going to say 'give them Oregon' instead. But I think your point was to sweeten the pot.
Post-Corona Economy
Ha!
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
China only own about 3% of our debt. 22% of US debt is owned by foreign countries.
It's not me, it's someone else.