BRING THEM BACK!
Posted on 05/31/2022 8:47:15 PM PDT by weston
BRING THEM BACK!
Saw this ...
The Biden Recession Has Arrived
https://issuesinsights.com ^ | June 16, 2022 | — Written by the I&I Editorial Board
Posted on 6/16/2022, 8:54:13 AM by Red Badger
No doubt about it, the economic news in recent weeks has been relentlessly negative. Indicator after indicator shows activity plunging sharply in key parts of the economy. Now, a widely followed indicator signals economic growth is likely to be zero in the current quarter, after the first quarter's “unexpected” 1.4% decline.
Buckle up, looks like we're entering a recession, folks.
Let's review just some of the economic carnage of recent days:
The Fed raised interest rates by 3/4 of a percentage point on Wednesday, the largest hike since 1994, as the central bank desperately tries to rein in our near-9% inflation rate. Mortgage rates surged above 6%, the highest since 2008, a level that is likely to tank home sales and hit consumers’ pocketbooks hard as adjustable-rate mortgages move upward along with interest rates.
Producer prices soared at a 10.8% rate in May, an ominous sign of higher inflation for consumers down the road. That followed last week's 8.6% yearly CPI number, the highest since 1981.
Retail sales fell 0.3% in May, but jumped 8.1% from a year earlier. A good sign? Hardly. Adjusted for CPI inflation, growth was minus 0.5%.
Small business optimism is its lowest ever, the National Federation of Independent Business said. This is key because small businesses are the No. 1 employer in America, usually first to hire in good times and first to fire in a slump.
“Meanwhile,” AP reports, “the national average price at the pump reached $5.01 per gallon on Tuesday, up from $4.45 a month ago, and surging more than 60% in one year.”
And before Wednesday, when the stock market rallied in relief that the Fed finally recognized the seriousness of the inflation problem, all of the post-Trump stock market gains had been erased.
The Atlanta Fed's GDPNow indicator, a kind of running tab of GDP data, fell to zero on Wednesday. A rule of thumb says two or more quarters of zero or negative growth equals a recession. By that standard, the Biden recession is here.
To sum it all up, “Between bad fiscal policy, bad monetary policy, and terrible energy policy, this is the witch's brew that created this record-high inflation,” former Trump economic adviser Larry Kudlow told Fox Business’ Stuart Varney on Wednesday. ....
https://freerepublic.com/focus/f-news/4071518/posts
Good comments, on the thread.
https://finance.yahoo.com/news/jpmorgan-strategists-stocks-imply-85-131822929.html
JPMorgan Strategists Say Stocks Imply 85% Chance of US Recession
(Bloomberg) — The S&P 500 now implies an 85% chance of a US recession amid fears of a policy error by the Federal Reserve, according to JPMorgan Chase & Co. strategists.
The warning from quant and derivatives strategists is based on the average 26% decline for the S&P 500 during the past 11 recessions and follows the US benchmark’s collapse into a bear market amid concerns about surging inflation and aggressive interest rate hikes.
I thought when interest rates are going up, bonds go down and stocks go up. Sounds like everything is falling now.
I thought when interest rates are going up, bonds go down and stocks go up. Sounds like everything is falling now.
I found some great news!
Chocolate for a Leaner, Longer Life
https://wakeup-world.com/2022/06/14/chocolate-for-a-leaner-longer-life/
Wasn't it around 71% just yesterday? At this rate, by Monday we will be in a recession & by Tuesday a depression.
Plunging
DOOCY: “The president once said he's going to end fossil fuel. Is that now off the table?”
PRESS SEC: “No. We are going to continue to move forward...”
pic.twitter.com/MzfiiTocuw— Benny Johnson (@bennyjohnson) June 16, 2022
Exxon Mobil SLAMS Biden in fiery letter
‘’We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.’’
https://thepostmillennial.com/exxon-mobile-slams-biden-in-fiery-letter
>>Wasn’t it around 71% just yesterday? At this rate, by Monday we will be in a recession & by Tuesday a depression.
Goldmann strategist said 71%
"My Body, My Choice" protestors immediately combust when asked if they believe in vaccine mandates 😮 pic.twitter.com/KbJRk9Ofkf— Benny Johnson (@bennyjohnson) June 16, 2022
Corporate media host left GASPING after Billionaire investor ENDS Joe Biden:
"Build Back Better is BULLSH*T!" 🔥 pic.twitter.com/Oocu9sSnM8— Benny Johnson (@bennyjohnson) June 16, 2022
If you’re not planning on retirement soon, the stock market is ok. Always best to diversify all investments.
When I was close to retirement I invested a lot of my money in a REIT, a local one in Lubbock. I was guaranteed over 8% return and a check was deposited in my account every month for the length of the contract.
Badass Black Republican Congressmen show EXACTLY what America First means pic.twitter.com/h6VhoBxm0G— Benny Johnson (@bennyjohnson) June 16, 2022
Steve Bannon CLAPS BACK, subpoenas Pelosi and Jan 6th committee members after SHAM indictment pic.twitter.com/q4SWs0LKxd— Benny Johnson (@bennyjohnson) June 16, 2022
The American people are resilient, if anyone can we can, but only if our government PUTS AMERICA FIRST.
Dow Dumps Back Below 30,000; Lowest Since Dec 2020 | ZeroHedge https://t.co/7D95qF20f2— Benny Johnson (@bennyjohnson) June 16, 2022
For what groceries I buy, HEB is just a little cheaper on just a few items. But Walmart doesn’t even carry as good a variety for what I like.
Safeway always seemed more expensive to me so I shopped at Albertsons when I lived in California. Walmart that had a grocery section wasn’t allowed in my area, the people voted them out.
Love it!!!
That’s a nice kind of good news, 😍
Then Recovery on Wednesday?
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