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This week in Bidenomics: Get ready for the Biden boom
Yahoo Finance ^ | 19Feb21 | Newman

Posted on 02/20/2021 6:50:38 AM PST by qaz123

President Biden and his economic advisers keep highlighting the economic crisis Biden inherited. This narrative may only last for another month or two.

It’s true Biden took office in January amid a grueling retrenchment that has torched 10 million jobs since last March. Coronavirus shutdowns have all but wrecked the travel and hospitality industries, with retailers struggling to adapt as well. Small businesses, independent contractors and lower-income service-industry workers are suffering the most

(Excerpt) Read more at yahoo.com ...


TOPICS: Society
KEYWORDS: biden; bidenerror; enconomy
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To: setter
Nearly all think there is going to be a huge boom in the economy late spring when covid is over. Some are already getting orders. Trump did all the work and Biden will get the credit.

My boy recently talked with his financial advisor. He believed there's a boom coming once the Covid lid is removed. People haven't been going anywhere - or couldn't - and that money is piling up and will be spent then.

Mixed feelings on that. I remember after WWII ended, a lot of people thought we'd go back into the Depression, forgetting about all that pent up demand and War Bond savings. Sure enough, things blew out. The flip side is all those who lost their jobs or businesses closed. Then we have the "Global Warming" inmates running the asylum.

21 posted on 02/20/2021 7:29:54 AM PST by Oatka
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To: qaz123

If there is a boom make it in house....shop conservative, hire conservative. After all leftism is the opposite of the business model.


22 posted on 02/20/2021 7:30:21 AM PST by inchworm (al )
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To: qaz123

Gas prices up .50 cents here in Fla.

Hope those Biden voters are enjoying the increased drain on their income and their soon bailout of student loans.

Nothing like assuming someone else’s debt that you had nothing to do with


23 posted on 02/20/2021 7:31:17 AM PST by patriotspride (Third generation Vet. Never forget the true cost of freedom)
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To: BeauBo
Your analysis is spot on...well done.

In addition to the Biden boom, there will be a Biden "Bust". The big questions are:

1. When will the Biden Bust start. And

2. How long will it last.

IMHO, the Biden Bust will be more dramatic than last March. 1000 point swings in the DOW and total market decline greater than 30%. Biden's policies will cause the recovery to take years.

So, what are the leading indicators of the Biden Bust? I wish I knew.

24 posted on 02/20/2021 7:32:38 AM PST by FtrPilot
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To: qaz123
Much like a crack-cocaine addiction.

It's a great high, but it ruins your life.

25 posted on 02/20/2021 7:34:46 AM PST by G Larry (Authority is vested in those to whom it applies.)
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To: setter
Wall Street is basically indifferent if they make their money from a growth economy or a redistribution economy. Large elements of Wall Street even favor the latter because it involves a LOT less work.

The problem is that redistribution economy cannot last indefinitely and continue to generate wealth. At some point, the populace will compete vigorously for those redistribution dollars and want to get "everything they are entitled to." Cue up that Joe Namath Medicare advertisement.

When it becomes apparent that rebound growth has come to a halt, the competition for "entitlement dollars" gets even more fierce. At some point, the rank and file works as little as possible to get as many entitlements as possible, particularly when the rewards between the two narrows even further.

That's the dilemma of Bidenomics in a nutshell.

26 posted on 02/20/2021 7:47:19 AM PST by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: RoosterRedux

Hardly fertile ground for a boom.”””

Add in that everything Biden’s done or will do will undermine the economy.

Not “might” but “will”.


27 posted on 02/20/2021 7:54:37 AM PST by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: RoosterRedux

Not with fuel prices going up, and $15 min wage. That works its way into everything.


28 posted on 02/20/2021 7:55:16 AM PST by virgil (The evil that men do lives after them )
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To: RoosterRedux

The economy is a game of perception and feeling. If enough people believe In the fundamental indicators it can drive a thriving economy.

Current state? The @#&$#* lefttards stole an election through voter fraud in multiple states. Until this is dealt with in the harshest terms we are dead as a nation.


29 posted on 02/20/2021 8:17:01 AM PST by Caipirabob (Communists...Socialists...Fascists & AntiFa...Democrats...Traitors... Who can tell the difference?)
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To: setter

Yep. It annoyed me when the economy was skyrocketing during trump’s term but they said that was Obama holdover economy and now they will pat joe on the back. He’s been in office a month!!!! Frustrating and transparent.


30 posted on 02/20/2021 9:00:10 AM PST by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 )
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To: RoosterRedux

Biden boom.

Time for some Depends.


31 posted on 02/20/2021 9:44:26 AM PST by Pollard (Bunch of curmudgeons)
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To: Little Pig

Yup, cases are down by 77% since Jan 6th. Simply magical.


32 posted on 02/20/2021 9:45:39 AM PST by Pollard (Bunch of curmudgeons)
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To: setter

“Trump did all the work and Biden will get the credit .”

They can try to take credit put folks really not as stupid as most think.


33 posted on 02/20/2021 9:51:19 AM PST by billyboy15 (')
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To: billyboy15
They can try to take credit put folks really not as stupid as most think.

I wouldn't be so sure of that.

34 posted on 02/20/2021 9:51:39 AM PST by dfwgator (Endut! Hoch Hech!)
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To: qaz123

C’mon, Man! Don’t you know Joe Biden is for the little guy?! Watch out or he’ll take you out behind the gymnasium and give you a beating!


35 posted on 02/20/2021 9:55:38 AM PST by ReleaseTheHounds ("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher )
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To: alloysteel
The Biden “boom” will ride on one thing only, the rapid inflation of currency

You beat me to it. Yes, inflation always looks like a boom...at first...

36 posted on 02/20/2021 10:01:05 AM PST by Billthedrill
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To: Oatka

A lot less was piled up than your son’s financial advisor is thinking. A lot of people have lost employment in the pandemic and have been spending down what savings they have. There are a lot of land lord that are having trouble getting back rent and new tenants due to a combination of eviction moratoriums and riots.

Many of those with good paying jobs have been spending the money they would have spent on vacations (or other travel) on various types of home improvement. I work as an arborist, and some of this money has been coming my way.


37 posted on 02/20/2021 12:28:36 PM PST by Fraxinus (My opinion, worth what you paid.)
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To: ReleaseTheHounds

My bad


38 posted on 02/20/2021 3:55:40 PM PST by qaz123
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To: Fraxinus

As I said, “mixed feelings.”


39 posted on 02/20/2021 4:28:56 PM PST by Oatka
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