Happy Holidays from Brandon
-
Way to go Brandon. ?
President Biden's Economic Performance Has Proved Unbeatable - Bloomberg
U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.
Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.
All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures:
- Gross domestic product (1)
- Profit growth (1)
- S&P 500 performance (2)
- Consumer credit (1)
- Non-farm payrolls (2)
- Manufacturing jobs (2)
- Business productivity (2)
- Dollar appreciation (2)
- S&P 500 relative performance (2)
-
Well if that Trend coupled with a few other factors, continues for three more years I guess we're in great shape and many of us were wrong.
Let me propose an anecdote. Close friend of mine brilliant musician talented arranger and producer bought a home in South Akron many many years ago. When the credit situation was in an uproar he would go to the brink of bankruptcy and then refinance the home 45 10 or 20% more than its value. I don't know how old you are but that happened quite a bit in those days. He did that a few times until the bottom fell out at which point the $35,000 note became three or four times that and his underwater home was somewhere in the vicinity of the Nautilus. And the payments would have strung out until his grandchildren were wearing depends. Finally the back gave him the boot.
WSS
-
Well if that Trend coupled with a few other factors, continues for three more years I guess we're in great shape and many of us were wrong.
Let me propose an anecdote. Close friend of mine brilliant musician talented arranger and producer bought a home in South Akron many many years ago. When the credit situation was in an uproar he would go to the brink of bankruptcy and then refinance the home 45 10 or 20% more than its value. I don't know how old you are but that happened quite a bit in those days. He did that a few times until the bottom fell out at which point the $35,000 note became three or four times that and his underwater home was somewhere in the vicinity of the Nautilus. And the payments would have strung out until his grandchildren were wearing depends. Finally the back gave him the boot.
WSS
Well if that Trend coupled with a few other factors, continues for three more years I guess we're in great shape and many of us were wrong.
Let me propose an anecdote. Close friend of mine brilliant musician talented arranger and producer bought a home in South Akron many many years ago. When the credit situation was in an uproar he would go to the brink of bankruptcy and then refinance the home 45 10 or 20% more than its value. I don't know how old you are but that happened quite a bit in those days. He did that a few times until the bottom fell out at which point the $35,000 note became three or four times that and his underwater home was somewhere in the vicinity of the Nautilus. And the payments would have strung out until his grandchildren were wearing depends. Finally the back gave him the boot.
WSS
Kind of odd to get a real response from this place. I will try to return the favor. I don't give ByDon a lot of credit for the economy, he hasn't done anything to kill it. But presidents get way more credit and blame for it then they deserve. People have more money. Labor has the bargaining position right now and many people are using to get better jobs and money. More money = more demand -> higher prices. But the economy is doing pretty well, maybe too well.
To your point, not sure why you are bring up the housing market collapse. Unless you are complaining about the deficit? Well, I guess the tax cuts aren't paying for themselves after all. To use your story. Your friend not only refinanced over and over again, he also reduced his income by ~25%.
-
Well if that Trend coupled with a few other factors, continues for three more years I guess we're in great shape and many of us were wrong.
Let me propose an anecdote. Close friend of mine brilliant musician talented arranger and producer bought a home in South Akron many many years ago. When the credit situation was in an uproar he would go to the brink of bankruptcy and then refinance the home 45 10 or 20% more than its value. I don't know how old you are but that happened quite a bit in those days. He did that a few times until the bottom fell out at which point the $35,000 note became three or four times that and his underwater home was somewhere in the vicinity of the Nautilus. And the payments would have strung out until his grandchildren were wearing depends. Finally the back gave him the boot.
WSS
Kind of odd to get a real response from this place. I will try to return the favor. I don't give ByDon a lot of credit for the economy, he hasn't done anything to kill it. But presidents get way more credit and blame for it then they deserve. People have more money. Labor has the bargaining position right now and many people are using to get better jobs and money. More money = more demand -> higher prices. But the economy is doing pretty well, maybe too well.
To your point, not sure why you are bring up the housing market collapse. Unless you are complaining about the deficit? Well, I guess the tax cuts aren't paying for themselves after all. To use your story. Your friend not only refinanced over and over again, he also reduced his income by ~25%.
Kind of odd to get a real response from this place.
I can go from one extreme to the other.
I will try to return the favor.
?
I don't give ByDon a lot of credit for the economy, he hasn't done anything to kill it. But presidents get way more credit and blame for it then they deserve. People have more money.
But less buying power and getting worse.
Labor has the bargaining position right now and many people are using to get better jobs and money. More money = more demand -> higher prices. But the economy is doing pretty well, maybe too well.
Inflation is approaching really dangerous levels. Plus I can't imagine this housing boom not hitting the wall at some point
To your point, not sure why you are bring up the housing market collapse. Unless you are complaining about the deficit? Well, I guess the tax cuts aren't paying for themselves after all. To use your story. Your friend not only refinanced over and over again, he also reduced his income by ~25%.
Not exactly so much about the housing market but more about spending money that you don't have and borrowing more. Sooner or later that comes to a head. Might have been my fault for not being clear enough but you understand.
WSS
-
I saw earlier this week that the November unemployment was at 4.2% lowest since the Vietnam era.
Now a lot of factors go into these boring statistics but not bad.
THE EMPLOYMENT SITUATION — NOVEMBER 2021
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by
0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains
occurred in professional and business services, transportation and warehousing, construction, and
manufacturing. Employment in retail trade declined over the month. -
I saw earlier this week that the November unemployment was at 4.2% lowest since the Vietnam era.
Now a lot of factors go into these boring statistics but not bad.
THE EMPLOYMENT SITUATION — NOVEMBER 2021
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by
0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains
occurred in professional and business services, transportation and warehousing, construction, and
manufacturing. Employment in retail trade declined over the month.I saw earlier this week that unemployment was at 4.2% lowest since the Vietnam era.
Now a lot of factors go into these boring statistics but not bad.
THE EMPLOYMENT SITUATION — NOVEMBER 2021
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by
0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains
occurred in professional and business services, transportation and warehousing, construction, and
manufacturing. Employment in retail trade declined over the month.We literally can't hire enough people in manufacturing right now. We're desperate.
-
I saw earlier this week that unemployment was at 4.2% lowest since the Vietnam era.
Now a lot of factors go into these boring statistics but not bad.
THE EMPLOYMENT SITUATION — NOVEMBER 2021
Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by
0.4 percentage point to 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains
occurred in professional and business services, transportation and warehousing, construction, and
manufacturing. Employment in retail trade declined over the month.We literally can't hire enough people in manufacturing right now. We're desperate.
We literally can't hire enough people in manufacturing right now. We're desperate.
Great time if you're qualified and ready. Great time for the trades. Even great time for entry level jobs they're in bidding wars for them.
-
We literally can't hire enough people in manufacturing right now. We're desperate.
Great time if you're qualified and ready. Great time for the trades. Even great time for entry level jobs they're in bidding wars for them.
Great time if you're qualified and ready. Great time for the trades. Even great time for entry level jobs they're in bidding wars for them.
But for the consumer? Well not so much.
And because shity workers are getting paid more than they're actually worth there's more and more incentive to replace them with robots.
Again though it's an ill wind indeed that blows no one any good.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
Way to go Brandon. ?
President Biden's Economic Performance Has Proved Unbeatable - Bloomberg
U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.
Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.
All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures:
- Gross domestic product (1)
- Profit growth (1)
- S&P 500 performance (2)
- Consumer credit (1)
- Non-farm payrolls (2)
- Manufacturing jobs (2)
- Business productivity (2)
- Dollar appreciation (2)
- S&P 500 relative performance (2)
Way to go Brandon. ?
President Biden's Economic Performance Has Proved Unbeatable - Bloomberg
U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden's first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion.
Exceptional returns from dollar-denominated assets, especially the S&P 500 Index in both absolute terms and relative to its global counterparts, can be attributed to record-low debt ratios enabling companies to reap the biggest profit margins since 1950. Corporate America is booming because the Biden administration's Covid-19 vaccination programs and $1.9 trillion American Rescue Plan reduced the jobless rate to 4.2% in November from 6.2% in February, continuing an unprecedented rate of decline during the Covid-19 pandemic.
All of which makes Biden's first year in the White House the standout among the seven previous presidents, based on 10 market and economic indicators given equal weight. According to data compiled by Bloomberg, no one comes close to matching Biden's combination of No. 1 and No. 2 rankings for each of the measures:
- Gross domestic product (1)
- Profit growth (1)
- S&P 500 performance (2)
- Consumer credit (1)
- Non-farm payrolls (2)
- Manufacturing jobs (2)
- Business productivity (2)
- Dollar appreciation (2)
- S&P 500 relative performance (2)
You left out the fact that inflation is running at a 42 year high.
You Biden nut swingers are funny.
-
Great time if you're qualified and ready. Great time for the trades. Even great time for entry level jobs they're in bidding wars for them.
But for the consumer? Well not so much.
And because shity workers are getting paid more than they're actually worth there's more and more incentive to replace them with robots.
Again though it's an ill wind indeed that blows no one any good.
WSS
But for the consumer? Well not so much.
And because shity workers are getting paid more than they're actually worth there's more and more incentive to replace them with robots.
Again though it's an ill wind indeed that blows no one any good.
WSS
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody! -
But for the consumer? Well not so much.
And because shity workers are getting paid more than they're actually worth there's more and more incentive to replace them with robots.
Again though it's an ill wind indeed that blows no one any good.
WSS
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
There’s already Universal Basic Income Pecker, it’s called “Public Assistance” (aka welfare).
-
But for the consumer? Well not so much.
And because shity workers are getting paid more than they're actually worth there's more and more incentive to replace them with robots.
Again though it's an ill wind indeed that blows no one any good.
WSS
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
they become more than they are worth when their jobs are eliminated. It's pretty simple Woody.
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
but not nearly as difficult as some would like to make it seem. Some people might see a world we're almost nobody needs to do anything except stay home and wait for that check and think that's a positive step for society and Mankind.
WSS
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
they become more than they are worth when their jobs are eliminated. It's pretty simple Woody.
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
but not nearly as difficult as some would like to make it seem. Some people might see a world we're almost nobody needs to do anything except stay home and wait for that check and think that's a positive step for society and Mankind.
WSS
I would wager I have a better idea of what's involved than you do. It isn't so straightforward. And even at the rate we're pushing automation now, there's still plenty of jobs. Long term we do probably get to a point where there aren't enough jobs to go around, at least lower skilled jobs. I'm fine with there being some stipend as a result, because that's better than an ever increasing wealth gap..
And sure, if they get eliminated then they get eliminated. But that's not what's happening. There's a bidding war for workers. They're being paid more because that's where the market values those workers.
-
-
I would wager I have a better idea of what's involved than you do. It isn't so straightforward. And even at the rate we're pushing automation now, there's still plenty of jobs. Long term we do probably get to a point where there aren't enough jobs to go around, at least lower skilled jobs. I'm fine with there being some stipend as a result, because that's better than an ever increasing wealth gap..
And sure, if they get eliminated then they get eliminated. But that's not what's happening. There's a bidding war for workers. They're being paid more because that's where the market values those workers.
I would wager I have a better idea of what's involved than you do. It isn't so straightforward. And even at the rate we're pushing automation now, there's still plenty of jobs. Long term we do probably get to a point where there aren't enough jobs to go around, at least lower skilled jobs. I'm fine with there being some stipend as a result, because that's better than an ever increasing wealth gap..
oh well we've gotten to the point where you are just being bickersome. I would bet it will have the exact opposite effect even if I gave a s*** about the wealth gap.
And sure, if they get eliminated then they get eliminated. But that's not what's happening.
it's exactly what's happening. Businesses are doing everything they can and looking for more and more ways to bypass workers. Once they learn to do that better and more efficiently those lazy bastards will be completely worthless. Especially if people like you are insisting on giving them a salary for doing nothing.
There's a bidding war for workers. They're being paid more because that's where the market values those workers.
and that bidding war assures that people with less and less skills will be making more and more money until they are eventually eliminated. How long do you think it will be before completely useless carbon units become upset because somebody else might be getting a little bit more welfare than they are?
And with nothing else to do to take up their time than watch television and collect a check well you understand even though I'm sure you've got reason that's a positive, millions of people with absolutely no purpose versus a small percentage who work to pass out the benefits. Do you think that sounds like a bright future? Frankly I don't think you do believe that but since it's me you're going to take the other side.
Of course I'll be dead probably or at least maybe you will too. As far as history? We barely understand our parents struggles let alone our grandparents. The Eloi never knew there was any kind of world without Morlocks. People born in Venezuela today I have absolutely no memory of when it was a great and prosperous country. Life rolls on.
WSS
-
Why is it more than they're worth? If companies will pay them that amount then isn't that their worth?
they become more than they are worth when their jobs are eliminated. It's pretty simple Woody.
Consumers are generally workers. Things may cost more but workers are being paid more. And if an employer isn't paying more you'll see labor shift from that business over time.
Automation is coming. Decades from now we're looking at a need for Universal Basic Income. Right now it isn't nearly as easy to automate as you're making it sound.
but not nearly as difficult as some would like to make it seem. Some people might see a world we're almost nobody needs to do anything except stay home and wait for that check and think that's a positive step for society and Mankind.
WSS
we're looking at a need for Universal Basic Income
Right. That'll work.
-
we're looking at a need for Universal Basic Income
Right. That'll work.
www.westsidesteve.com www.myspace.com/westsidestevemusic www.cdbaby.com/artist/westsidestevesimmons -
"glowing economic forecast" by OP
MSM full court press to carry this crock of sunshine up its ass
on the heels of a defeated BUILD BACK BROKE Scheme
coincidence?
you gotta figure when OP sychophants are praising biden
instead of brandons zigs, watch the handlers "zags"
-
That was actually Woody's line.
WSS
I thought it quoted from him, not the first time that has happened.
-
That was actually Woody's line.
WSS
I thought it quoted from him, not the first time that has happened.
I thought it quoted from him, not the first time that has happened.
Not really a big deal bud
WSS
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login