Posted on 10/28/2021 7:43:21 AM PDT by Red Badger
I like how they try to blame Delta when the clear culprit is inflation.
Let’s go Brandon!
Man child Biden still on the job kind of like Nero.
I would suspect that empty shelves and non-availability are a factor. If you try to purchase something and can’t find it, regardless of price, or they’re telling you it will be on backorder for months, many will just walk away.
“As Delta cases continue to subside, there may be more growth in the fourth-quarter...”
‘After we eject all the members of the workforce who object to the jabs, we’ll be set to take off like a rocket in the fourth quarter!’
This is interesting. Welcome to the seventies. Remember this is on dollars moving through the economy. And the inflated numbers mean this should be higher. Or at least the same economy with higher prices would show growth even with the same products and services moving through the pipeline. But growth is now slowing. Which means either prices are coming down, or the economy is slowing very fast. Inflation plus growth is the real growth number. I think peoples experience is that inflation is going up more than 2%. So the economy is shrinking now. And if this continues for another quarter or two we will have a recession. Or as they called this in the seventies, stagflation. Where inflation eats growth. Couple this with higher interest rates and we call this Jimmy Carter.
Sell bonds. Buy banks. Stocks will go nowhere, consider dividend payers. Land is good only if property taxes are low and rent covers costs. Gold prices have been manipulated so I am not as fond of it as I would normally be.
Well, we know what happened to Nero.....................
“I like how they try to blame Delta when the clear culprit is inflation.”
ANYTHING, ANYTHING but the obvious. I’m somewhat surprised that they didn’t try to throw Trump in there.
These idiots want to raise our taxes at the beginning of another recession. Brilliant.
But it took a while
I’m rooting for negative even though it will hurt. Spending and prices are out of control. Too many dollars chasing too few goods of course.
A bad economy is what this administration deserves. Maybe it will make some fools wake up. I would say and vote the right way but the repoooblicans are not a hell of a lot better. The only real difference is that they do very little.
The ABCNNBCBS morons will blame TRUMP for all of this.....................
I don’t trust these numbers. I am willing to bet it is way worse.
If this is the best lie they can muster up it is waaaaay worse...................
And the markets are up sharply on this news. It makes no sense to me. I mostly got out of the markets before Jan 20th, I don’t regret it, but I missed a hell of an up side. Meanwhile inflation has bit me in the ass.
But Bidump is about to give a speech on how great the economy is since he took office.........................
The markets are up because people are done spending all their stimulus checks like drunken sailors. Less money chasing the same products.
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