The US Economy

[Mori Chu]

Most economists think that some inflation is actually fine / good. Pushing the economy into a recession just to stop inflation (austerity measures) isn't usually a good idea. We can nitpick what exactly Biden has spent US dollars on, but I don't think he has spiraled our economy into disastrous inflation.

[Nodack]

The Fed likes 2%

[In2ition]

It started the excelleration towards it, along with the unending amount of money printing that happened rapidly.

[Mori Chu]

Didn't know where to post this. I think this is a really good thing for Biden and the FTC to do. Working in tech, I see engineers get locked behind these non-compete agreements all the time. They suck.

[In2ition]

For those who do not understand what just happened:

First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.

This reading is roughly 50% BELOW Goldman Sach's expectations.

But it gets even worse.

At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.

This crushed estimates of 3.4% and further suggests that inflation is on the rise.

We have a weakening economy with rising inflation.

The worst possible outcome for the Fed.

[In2ition]

Sources: Bureau of Economic Analysis, Reuters Federal Reserve

[AmareIsGod]

Dammit!

[In2ition]

Don't worry, Biden is going to raise the Capitol Gains tax.

[Nodack]

Congratulations!

For those who do not understand what just happened:

First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.

This reading is roughly 50% BELOW Goldman Sach's expectations.

But it gets even worse.

At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.

This crushed estimates of 3.4% and further suggests that inflation is on the rise.

We have a weakening economy with rising inflation.

The worst possible outcome for the Fed.

[In2ition]

Congratulations!

For those who do not understand what just happened:

First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number.

This reading is roughly 50% BELOW Goldman Sach's expectations.

But it gets even worse.

At the same time, the US Core PCE Price Index soared from 2.0% to a staggering 3.7%.

This crushed estimates of 3.4% and further suggests that inflation is on the rise.

We have a weakening economy with rising inflation.

The worst possible outcome for the Fed.

For what?

[Nodack]

For getting some new ammo to shoot.

[In2ition]

There is something seriously wrong with you. Get help.

[Nodack]

Back at you.

[Cap]

GDP growth has generally been stronger under Biden than Trump, but we should vote Trump because Biden had one bad quarter.

[In2ition]

You mean one bad quarter this year.