Posted on 02/02/2024 6:21:47 AM PST by Miami Rebel
BLS. Bureau of LIES and STATISTICS
Forget rate cuts until 2025
I hope rates stay where they are. I’m getting a 5.3% return in a plain-old-boring Money Market account. To me these rates seem normal. Why should we have 3% mortgage rates? It just artificially inflates the value of the asset.
... how long before the corrections and updates to this report start rolling in, downgrading the conclusion?
Is this the morning in America report for Biden? If true, the GOP might as well forget about the 2024 election. Trump will also be crushed. No way will the media not trumpet this.
I’m guessing we’ll see all kinds of great economic news this year.
“Why should we have 3% mortgage rates? It just artificially inflates the value of the asset.”
It sounds like you didn’t start tracking the financial markets yesterday! When I began my finance career mortgages fetched 13%+!
"Former Trump economic advisor Larry Kudlow conceded that his prediction of a looming recession was wrong and admitted that the U.S. economy is doing much better than expected under President Joe Biden. Talking on Fox News' America Reports on Thursday, Kudlow offered a "mea culpa.""
“Job gains occurred in professional and business services, health care, retail trade, and social assistance. “
Not wealth creator jobs.
“Employment declined in the mining, quarrying, and oil and gas extraction industry.”
Wealth creator jobs.......................
WTF is “social assistance” ???
My first car loan was at 13%. My first mortgage at 8.5%. Interest rates were kept way too low for way too long. Its nice getting a return on cash for the first time in a long time!
“Not wealth creator jobs.”
You missed this part of Santelli’s comments:
“If we look at the average hourly earnings, a HUGE jump, up, 6/10 of a percent, up 6/10 of a percent. It equals March of ’22. To find a higher number, you have to go to January of ’22.”
Just as long as it takes for this month’s report to become ‘old’ news. I’d say in a month.
And Biden received 81,000,000 votes!
Hahahahahahahahaha!
What great economy?
I don’t buy the numbers or trust anything coming from this government.
I don’t buy the numbers or trust anything coming from this government.
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