A lot of economists believe that int rates can only bring inflation down when they exceed the rate of inflation.
my mistake, dropped 850 points in hour and 15 minutes, yeah inept joe and the anti-inflation plan really working out.
Still higher than when Trump left. Thanks Biden! It's only down 522 points. Why couldn't Trump have as high of a stock market as Biden?
yeah, only down 6600 points year to date, only 200 points higher than when he took office, great job oh great inept one.
also, from november 2017 until january 2021 under trump the dow gained 6500 points, so yeah, a net gain of 200 points by inept joe is really,really good,not.
You have to admit that your post may have been a bit “premature”. I, actually, just like looking for a reason to use that term. This was a perfect opportunity.
Poll: 63% of Americans say they are falling behind the cost of living NBC News released the poll, which found that 58% of Americans disapprove of President Joe Biden’s handling of the economy. Another 63% of surveyed voters say their income is falling behind the cost of living. That poll points to inflation, which has soared since Biden took office and been a political thorn in Democrats’ side. When you can't keep up, you put it on a credit card that just had a rate increase.
Inept Joe is 200 points smarter than Trump. What's that make trump? Sub-inept? Hyper-inept? ultra-inept? So many choices.
US dollar hits new 20-year high as Russia calls up reservists | CNN Business People are going to find safe haven in the dollar as Russia attempts to destabilize the world, whether on purpose or not. There are a lot of factors going on in the world right now and none of them are driven off of a stimulus payment years ago. - Labor shortage from covid victims and older workers that retired - Cutback in oil production from OPEC - Russian war with Ukraine - Uneven demand patterns still reverberating in the commodity markets
Question is whether Powell will be a much maligned G.W. Miller or the second coming of Volker. The right approach is to continually raise rates to get over inflation. Also debatable whether the US is the leader and the rest of the world will follow. Strong dollar means…??? The rest of the world is gonna let the US flush it’s jobs and send them elsewhere. Total garbage that inflation was transitory when every major economy is suffering the same fate. Biden failed on messaging. But he has the opportunity to repackage if he decides to brace for impact and fight back. Jobs will be lost and that is a reality that will haunt us. Dummies pumped trillions into the economy. It’s gotta come from someone’s butt. As usual, the rich get richer and the poor get poorer. Gotta fight for the poor.
I think u got a pretty good sense of humor. So it makes it hard for me. Turn away from the dark Luke.
Raise it a 1000 points for all i care. The only folks that are getting hurt are Boomers that have or are getting ready to retire. Cant say I have much sympathy.
