Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[squeekness]

Don't like this economy? Well, just wait for That Guy to ruin it

Authoritarians always screw up the economy — come to think of it, GOP presidents have done that for decades

www.salon.com

But.but...Biden!!!!!!.

 

[blueharvest]

Armed with the mighty dollar, Americans are rushing to go on cheap vacations overseas—and it's hurting the U.S. economy, Wells Fargo says

A gauge of American tourism overseas recently hit its highest level since 2005, when the U.S. dollar was also strong.

fortune.com

 

[Erzengel]

Armed with the mighty dollar, Americans are rushing to go on cheap vacations overseas—and it's hurting the U.S. economy, Wells Fargo says

A gauge of American tourism overseas recently hit its highest level since 2005, when the U.S. dollar was also strong.

fortune.com

Years ago I was at a work party for my wife's friend and her company's sister office had people from the UK and it was literally 1 pound to $2 American dollar and they went on shopping sprees. Now it seems to be 0.8 pound to $1 American.

 

[squeekness]

People should be saving up money and paying down their debt , not going on spending sprees. Everything ive read about American debt is bad. We are spending money we dont have.

 

[MagnarTheGreat]

US consumer inflation resumes downward trend as domestic demand cools​

https://www.reuters.com/markets/us/us-consumer-prices-rise-less-than-expected-april-core-cpi-slows-2024-05-15/

United States Inflation Rate

Inflation Rate in the United States decreased to 3.40 percent in April from 3.50 percent in March of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[blueharvest]

 

[blueharvest]

Faisal Islam: Could the US economy be doing too well?

The US economic boom has consequences for the global balance of power - and for the UK.

www.bbc.com

 

[squeekness]

Wasn't noticeable to me.

 

[MagnarTheGreat]

Dow Jones Industrial Average hits 40,000 amid renewed hopes for U.S. economy

Slowing inflation, a still-strong labor market and robust corporate earnings are all supporting stock market growth.

www.nbcnews.com

Supreme Court sides with the Consumer Financial Protection Bureau, spurning a conservative attack

The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. The justices ruled 7-2 that the way the CFPB is funded does not violate the Constitution, reversing a lower court and drawing praises from consumers. Justice...

www.yahoo.com

 

[blueharvest]

https://x.com/i/web/status/1792265489416102330

 

[blueharvest]

Majority of Americans wrongly believe US is in recession – and most blame Biden

Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid

www.theguardian.com

 

[DA_Champion]

Majority of Americans wrongly believe US is in recession – and most blame Biden

Exclusive Harris poll for the Guardian shows 55% believe economy is shrinking, in troubling sign for president’s re-election bid

www.theguardian.com

This new spin -- that people are too dumb to recognize how well the economy is doing -- is not going to work out.

Yes, the economy is doing well if you run a hedge fund, but this spin is patronizing to the majority of the population experiencing a weak economy.

 

[DJ Kornphlake]

What spin? Too many people think we're in a recession when we aren't. That's a failure of our current news reporting.

 

[blueharvest]

Federal Reserve minutes indicate worries over lack of progress on inflation

The meeting followed a slew of readings that showed inflation was more stubborn than officials had expected to start 2024.

www.nbcnews.com