Posted on 03/30/2023 6:19:41 AM PDT by Kaiser8408a
The Covid outbreak in early 2020 (from which I came close to dying) resulted in legendary Fed stimulus and Federal government spending. But as The Fed attempts to cool inflation by slowing M2 Money printing and raising The Fed’s target rate, we are seeing the lowest personal consumption expenditures print under Biden’s reign of error, a measly 1%.
On top of the dismal revision to the Q4, we are seeing WARN notices increasing, particularly for large states. Worker Adjustment and Retraining (WARN) Notices are picking up which points to unemployment claims soon rising and a deterioration in the jobs market, posing a risk to stocks.
Biden’s reign of error continues with horrible policies. With the help of Congress.
(Excerpt) Read more at confoundedinterest.net ...
[...] raising The Fed’s target rate, we are seeing the lowest personal consumption expenditures print under Biden’s reign of error, a measly 1%.
Footprint, maybe?! Appears TWICE - once in the headline, and once in the body - so can't be a typographical error, can it?
Regards,
“Biden’s reign of error. Also, The Fed’s.”
HORRIBLE!!! More Biden DESTRUCTION of our economy!!!
By the way, do you have any idea what this article is talking about?
.
It’s a term in financial markets, where the government would “print out the news” via teletype or ticker tape.
Okay. So what other, commonly-understood word would come closest in meaning to this technical term?
With what other layman's term could the word "print" be substituted here?
Maybe: "point?"
US Personal Consumption Expenditures Revised Downwards To Lowest Print Point (1%)
That would make a heck of a lot more sense!
Regards,
It’s a print of a number, so technically ‘value’ would work.
There’s zero coordination action between the Biden Administration and the Fed. In all seriousness, it is not rocket science to fix the economy. Simultaneously cut government spending, increase interest rates and end QE. Cutting spending needs to include all the crap from last year’s omnibus, infrastructure and inflation reduction acts. It means reducing the size of government, including head count. Instead of WARN notices going out, we need to see lazy ass government employees standing in the unemployment line. Notice there are never consequences for those that create economic problems. That needs to change.
I don’t understand the point of the article.
Are they saying we are heading for a recession or are in a recession or that this is deflationary or what?
I don’t speak CNBC.
It’s an economic blog, so I figure they use economic jargon and acronyms .
But FR will always translate it.
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