Posted on 05/02/2023 7:35:37 AM PDT by Kaiser8408a
No, not the Dylan Mulvaney / Bud Light type of trans. But US Factory Orders Ex-TransPORTATION fell -0.7% in March from February.
I am dying to hear Resident Biden talk about declining factory orders. Then again, maybe not.
(Excerpt) Read more at confoundedinterest.net ...
You'll have to wait until they can pump him full of amphetamines.
But, low and behold a recession appears in time for the general election season!
Oh, woe is the Democrats. I guess they will have to come up with another $Billion for generating millions of phony mail in ballots again.
They have to post low movement this year so that anything they post in the election year will look better.
I was wondering.
I work at a plastic bag manufacturing plant and things are really slow, even for generic ground meat bags which they make 70% of nationwide.
Economy’s great! SloJoe said so.
Which will cause inflation to take off again. Government spending is out of control. Ironically, well predictably, the Inflation Reduction Act (IRA) has ballooned from $391 Billion in spending to over $1 Trillion. So the government is pumping dollars that we do not have into the economy. That’s just one of the massive government spending programs that will only grow. Of course, the IRA raises taxes, but that happens at the worst time possible. The IRA tax hikes at best will only marginally offset spending increases. More than likely, tax revenue will actually fall, thus increasing the deficit and national debt.
Tax hikes do not increase productivity in the private sector. Increasing productivity is one part of the equation to eliminate inflation. Businesses, particularly small businesses that employ the majority of Americans, are being squeezed on multiple fronts; higher materials costs, higher distribution costs, higher labor costs, labor shortages, more regulations and higher taxes. NONE of those things are being addressed by government. In fact, government fiscal and regulatory policies are largely responsible for those things.
It’s not like government needs to do anything. Government needs to do less; less spending, less taxation, and less regulation.
The Federal Reserve alone will not fix the economy. In fact, raising or lowering federal funds rates by 25 or 50 basis points at this point doesn’t do jack chit.
As I have written several times before, there are parallels with the mid 1970’s stagnant and vacillating economy to today’s economy. Like then, we are now experiencing uncoordinated fiscal and monetary policy. It took until the 80’s under Reagan and Volcker to start doing the right things at the same time. That will not occur under Biden, if anything he is intentionally destroying the economy and everything truly American.
They will not cut rates until unemployment starts going up. Probably around 3.8%.
They will probably leave rates alone for awhile. Once unemployment starts moving up they will lower rates again.
People are still spending too much money. They need to bring the pain. People need to lose their jobs.
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