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One of the biggest non-surprises is that the British economy fell into recession. It is not a surprise because all government and Bank of England policies worked very hard to get us there. In point of fact, it has been obvious for some time that they...
by NY brit expat
 40 comments
on Sun Feb 18, 2024 at 03:00 PM PST
with 31 Recommends
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Of all the MAGA Republican falsehoods, the claim that Trump generated a strong economy is simultaneously the most ridiculous and most widely-believed – including by Americans who would never vote MAGA. At a campaign rally this month in Iowa, Trump...
by Alan Austin
23 comments
on Tue Dec 19, 2023 at 04:16 AM PST
with 48 Recommends
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Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession It was the most painful inflation �Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet the Federal Reserve now seems on the ...
by Associated Press
62 comments
on Tue Dec 19, 2023 at 03:50 PM PST
with 97 Recommends
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The media spent the bulk of last year assuring Americans a recession was imminent. But not only has that much-ballyhooed recession failed to materialize, news also broke this week that the U.S. economy grew 5.2% in the third quarter—the fastest pace of...
by Kerry Eleveld
97 comments
on Fri Dec 01, 2023 at 11:43 AM PST
with 152 Recommends
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Bloomberg gets its recession forecast 100% wrong, but Biden can't get any respect for strong economy
President Joe Biden has shown�once again why economics is often referred to as “an inexact science.” On Wednesday, the Biden-Harris campaign posted on X, formerly known as Twitter, two ...
by Charles Jay
78 comments
on Sat Oct 21, 2023 at 06:30 AM PDT
with 138 Recommends
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The economic news in last month’s PCE price index report, combined with this morning’s stunningly robust jobs report (gift link), is fantastic: “core” inflation continues to fall while the jobs market remains strong. This is super important — it defies...
by this is only a test
40 comments
on Fri Oct 06, 2023 at 12:04 PM PDT
with 45 Recommends
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The nation's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Last month's job growth marked an increase from July's revised gain of 157,000...
by Associated Press
23 comments
on Fri Sep 01, 2023 at 07:42 AM PDT
with 75 Recommends
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I am back hammering this same point about the economy, but in a slightly different way. In this argument, I would be asking people to tell me what the state of the economy was at the end of the term for each of the last 3 republican presidents and what...
by Dem
15 comments
on Fri Aug 25, 2023 at 05:56 PM PDT
with 24 Recommends
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President Biden took over a crisis that the previous administration had left in a mess. He took over for a president who had the distinction of being the first president since HERBERT HOOVER to leave with fewer people employed at the end of his term...
by Dem
11 comments
on Sat Jul 29, 2023 at 12:22 PM PDT
with 28 Recommends
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In a study released last August by Cinch Home Services, a shocking 76% of Americans thought the U.S. was in a recession. The belief wasn't correct then nor was it accurate two months later, when a ...
by Kerry Eleveld
69 comments
on Fri Jul 07, 2023 at 03:30 PM PDT
with 173 Recommends
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Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all? By CHRISTOPHER RUGABER June 27, 2023 So is a recession still in sight? The latest signs suggest maybe not. Despite much higher borrowing costs, thanks to the Federal...
by Joseph2482
27 comments
on Sat Jul 01, 2023 at 01:16 PM PDT
with 46 Recommends
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Two stories today from The New York Times once again focus on inflation and the Federal Reserve's determination to stamp it out. The Personal Consumption Expenditures index is still climbing, reports one story, "reflecting the difficult path ahead for...
by Hunter
100 comments
on Tue May 30, 2023 at 12:30 PM PDT
with 115 Recommends
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President Biden's approval rating is around 40%. I understand that republicans and conservative independents will never approve of the job performance of a president who is a member of the Democratic Party even though I disagree. . . The campaign for...
by Dem
291 comments
on Tue May 30, 2023 at 09:49 AM PDT
with 238 Recommends
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Inflation too high? Wages too low? Exasperated with your government’s economic mismanagement? No problem. Just migrate to Denmark. That small Scandinavian country has emerged from the Covid recession with an economy larger and stronger than at the...
by Alan Austin
6 comments
on Tue May 30, 2023 at 04:43 AM PDT
with 6 Recommends
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I am working on an in depth diary full of documentation showing why Ron DeSantis should not be president. It is time consuming to write. However, in the meantime, I wrote this comment in response to another user (apparently a MAGA person) who tried to...
by Dem
1 comments
on Thu May 25, 2023 at 09:03 AM PDT
with 2 Recommends
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The Federal Reserve just can't keep the Biden economy down. Another strong jobs report Friday showed employers added another 253,000 jobs in April, and unemployment ticked down to 3.4%—the lowest rate in over half a century. It marked the 28th straight...
by Kerry Eleveld
133 comments
on Mon May 08, 2023 at 09:59 AM PDT
with 277 Recommends
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In yesterday’s Daily Take, I laid out a scenario where Kevin McCarthy and congressional Republicans could crash our economy by forcing a default on US debt (unless Biden invokes the 14th Amendment), producing what could easily be a depression as deep...
by thomhartmann
145 comments
on Fri Apr 28, 2023 at 08:20 AM PDT
with 355 Recommends
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McCarthy tied the debt limit raise to other conditions. The Republicans raised the debt ceil limit three times and increased the deficit by cutting taxes on the wealthy and big corporations. They added twenty five percent of the total national debt...
by Dem
16 comments
on Thu Apr 27, 2023 at 07:39 PM PDT
with 30 Recommends
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Biden gives the appropriate Trump-like answer on blame for inflation on his Jobs Report victory lap. As President Biden was taking his victory lap as his economy created 517,000 new jobs, more than double the forecast, a reporter asked an out-of-place question on inflation. Joe Biden on Jobs Report and inflation Watch Politics Done Right T.V. here....
by Egberto Willies
83 comments
on Sat Feb 04, 2023 at 09:21 PM PST
with 240 Recommends
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Volume 4 of The Complete Tom the Dancing Bug! � TOM THE DANCING BUG: ALL-MIGHTY COMICS! �� Books currently being personalized, signed, sketched in, and sent out! � Let's go! � Information here.
"I ...
by RubenBolling
7 comments
on Thu Jan 26, 2023 at 04:50 AM PST
with 92 Recommends
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Recommended
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Recent Diaries
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