Is this thread broken for anyone else?
Must just be something on page 9.
Anyway... New data from yesterday.
Core inflation 3.1% (annualized) for Jan 26
4th Qtr 2025 GDP was revised downward to 0.7% (from previously reported 1.4%)
Not good.
Must just be something on page 9.
Anyway... New data from yesterday.
Core inflation 3.1% (annualized) for Jan 26
4th Qtr 2025 GDP was revised downward to 0.7% (from previously reported 1.4%)
Not good.
It is called "winning".
Let him cook. This is the long play.
Hope is not optimism, which expects things to turn out well, but something rooted in the conviction that there is good worth working for. - Seamus Heaney, Irish poet and likely Hoosier basketball fan.
POTFB
Not good.
Also, Jerome Powell plans to stay on as a Fed governor until Trump's bogus investigation/prosecution is is over with.
@snarlcakes when does Truflation kick in?
Did you finally put down your newspaper and fire up your desktop to hop on here? Truflation is updated daily grandpa. CPI is up like 60% since Trump decide to take over Persia.
When you've lost one of your biggest cheerleaders . . .
Trump Ally Says US Economy ‘Weaker Than We Thought’ - Newsweek
I’m no economist but it wouldn’t surprise me if Trump’s primary motivation for the Iran War was distraction from his souring economy (rather than the Trumpstein files). Now he can switch the blame for the economic downturn away from his bonespur tariffs.
“The thing that underlines every strong economy is consistency and progress, and things that promote confidence, and I just don’t see any of those attributes being displayed on a disciplined, routine basis by the White House,” said Chuck Coughlin, a veteran Republican strategist in Arizona who leads the public affairs firm HighGround. “Most of the country is looking at the president, going: ‘What is he doing?’”
This is all self-inflicted. He's f%cking everything up.
‘What is he doing?’: New threats emerge for Trump’s economy as war drags on - POLITICO
Just over six months until midterms early voting begins. Does anyone think this will go well for Republicans?
“The thing that underlines every strong economy is consistency and progress, and things that promote confidence, and I just don’t see any of those attributes being displayed on a disciplined, routine basis by the White House,” said Chuck Coughlin, a veteran Republican strategist in Arizona who leads the public affairs firm HighGround. “Most of the country is looking at the president, going: ‘What is he doing?’”
This is all self-inflicted. He's f%cking everything up.
‘What is he doing?’: New threats emerge for Trump’s economy as war drags on - POLITICO
Just over six months until midterms early voting begins. Does anyone think this will go well for Republicans?
What exactly does f#cking everything up mean? Is the world ending? Quit posting this childish f#cking nonsense and share some of your own thoughts. We have all figured out how to use google and can locate articles on our own. I don't need you and sh#t for brains @hhlurker spamming every thread with this sh#t.
What exactly does f#cking everything up mean?
As James Carville famously said in 1992, "It's the economy, stupid". That line (and reality) resonated as a core message for Bill Clinton's successful presidential campaign, sadly, against incumbent George H.W. Bush, who I voted for.
"You can't make someone listen to reason if they aren't willing to think"-- Ray Bradbury, Fahrenheit 451
What exactly does f#cking everything up mean?
As James Carville famously said in 1992, "It's the economy, stupid". That line (and reality) resonated as a core message for Bill Clinton's successful presidential campaign, sadly, against incumbent George H.W. Bush, who I voted for.
So, the economy is f#cked up? Is that what you're saying? Don't be a weasel for once. Answer the questions.
Didn't he do that once already?
He did. In August. But that hasn’t stopped you unoriginal losers from going back to the well with the number fudging jokes. Despite poor numbers in front of your face.
So we can believe these numbers now?
You’ll notice the corrections of previous months have gotten smaller. Which indicates the surveying practices have gotten better.
Whatever was happening under the previous BLS head the size of the corrections was unprecedented. Do that long enough and you will definitely get shit canned.
None of that is true. The corrections were not unprecedented. They are a normal part of the process. They are the result of the simple fact that businesses don't get all their responses in by the deadline, so the numbers have to be revised as late returns come in. And there wasn't a long trend of major corrections under McEntarfer. There was one single month where large revisions were made to both the preceding months, and Trump got pissed, and accused McEntarfer of faking the numbers, even though doing so is functionally impossible. McEntarfer was a scapegoat, nothing more. The numbers now are just as trustworthy as they were before, no more, no less. How big the revisions swing is purely a function of how the job losses and gains are distributed among the businesses that got their responses in on time vs. the ones that didn't.
You want to see some huge revisions, go back and look at the month-to-month data from 2020 and 2021.
The corrections absolutely were unprecedented. A million more jobs attributed to the Biden admin. then reality. I’m not alleging malfeasance. Simply incompetence.
Surveying practices are not set in stone and can be changed.
Your ignorance is astounding.