The Brandon economy is just doing super, right?
The biggest Fed rate hike in 40 years? It could be coming this week.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years.
After another dismal U.S. inflation report, economists at the brokerage Nomura Securities on Tuesday became the first on Wall Street to predict a full-percentage-point increase in the Fed’s benchmark short-term rate.
“We continue to believe markets underappreciate just how entrenched U.S. inflation has become and the magnitude of response that will likely be required from the Fed to dislodge it,” the economists at Nomura wrote in a report to clients.
The last time the Fed made such a drastic move was in the early 1980s — another period marked by sky-high inflation.
The previous hikes were .75. A full point would be huge, which could stall most big purchase loans, effecting everything from automobiles to homes to business loans
In August, the consumer price index rose a scant 0.1%, largely because of another big drop in energy prices. And the annual pace of inflation slowed a bit to 8.3% from 8.5%.
But that was virtually all of the good news. The cost of almost everything rose last month, including food, rent, clothes, furniture, cars, medical care and so forth.
So, pretty much everything that’s necessary for life.
Rumble Video – Martha’s Vineyard Guests and Residents Share Reaction to Migrants on Their Island
https://commoncts.blogspot.com/2022/09/rumble-video-marthas-vineyard-guests.html
Dowd’s Troops in the trench express their true feelings.
https://www.youtube.com/watch?v=X-YKBJKJAhs
You saw it here first people.
The CREATION of KAREN METAL!
The price of fuel dropped significantly from the highs in June, but it’s still a lot higher than it was in August of 2021. Joe Biden told us that, month-to-month, inflation was up “just an inch, hardly at all.” Of course, in his interview on 60 Minutes, he demonstrated that his handlers hadn’t told him what was really happening, because he said of inflation, “It was 8.2, 8.2 before,” so it had hardly risen, when it had, in fact, been 8.5% in July. A President in command of the facts would have both expected the question about inflation, and would have said that yes, 8.3% is too high, but at least the inflation rate had dropped a bit.
Thing is, 8.3% inflation in August was on top of the 5.3% year-over-year inflation rate in August of 2021.
A 100 basis point increase would shock the economy. “Everyone” expects 75 basis points, or 0.75%, and while the additional 25 basis points wouldn’t be that much above expectations, crossing over that 1.00% mark will be a major psychological shock.
The third quarter ends in 11 more days. The Democrats have told us that No! two consecutive quarters of contraction don’t mean a recession anymore, but what if it’s three consecutive quarters?
Teach typed: The Brandon economy is just doing super, right?
How did Biden cause global inflation?
It’s booming with pent up demand. More jobs than workers. Low unemployment. Stores, shops, restaurants, roads full.
The global economy is slowly healing from the Covid pandemic and the trashed supply chain. Putin stupidly invaded Ukraine.
Recall the April 2020 unemployment rate was 14.8%. It is now under 4%.
Recall the April 2020 unemployment rate was 14.8%. It is now under 4%.
When you leftists aren’t plain out lying you’re being disingenuous and just slimy with the facts. April 2020 reflected the closed businesses by the scamdemic blues states/cities and the fake panic spread to cheat the upcoming election.
Now you guys are spreading lies and exaggerations about how we have a booming economy. Ever go shopping Elwood. If you do you’d realize how much of a buffoon you sound like painting the FJB admin anything other than a vast and humiliating FAILURE.
You leftists really have only two programs of lies. One lie to advance some stupid commie idea and the second lie to cover of that idea’s abject failure.
I read the people of Martha’s Vineyard took up a collection to help the unwelcome, unwanted brown “invaders” and then stole it for themselves. Never underestimate the ability of leftists to corrupt anything.
CarolAnn,
The Covid “scam” killed over 1 million Americans, and is still killing 400-500 every day. There are fewer than 700,000 legal abortions each year.
If you had had your way, at least another 2 MILLION Americans would have died from Covid. Fortunately, the Covid vaccines have greatly slowed the pandemic, but a new variant is probably just around the corner. Please get your booster.
Listen, we fully understand your frustration with not always getting your way. Conservatives tend to be ideological rather than factual, and become hysterical and even violent when presented with information contrary to their beliefs.
CarolAnn typed: If you do you’d realize how much of a buffoon you sound like painting the FJB (Fuck Joe Biden aka Brandon) admin anything other than a vast and humiliating FAILURE.
LOL. All we said was that the economy is booming, which is true. But you take it as a cue to irrationally let fly at President Brandon. Orange Jesus lost the election, bigly. Return to the real world, please.
We’re pleased that you also find it unseemly that billionaires, like Orange Jesus, seek donations from “the people”.
I don’t know where you live Elwood but here in scenic Camden, blue city of black people, our businesses are closed, our prices are sky high, our people are depressed and surly, our kids are ignorant and getting more uneducated every day, our streets are filthy with refuse and human waste, there is no growth, no hope. The democrats have completely destroyed my town. Oh, and the crime rate is through the roof and the democrats keep returning violent criminals back to the streets.
Elwood you live in a world of democrat fantasies. There is not one democrat controlled city I can think of that is not a mass of crime, drugs and poverty.
Hi L’Roy,
I’ve been to Camden more than once, visiting the riverfront the Aquarium, the USS NJ. We didn’t see what you see but then we didn’t drive the neighborhoods, nor do we know where you live. I have seen the mean streets of Philly, St. Louis, East St. Louis, Oakland CA, Detroit, Chicago, Cleveland, Louisville, KC, New Orleans, NYC, DC, Houston, LA, Miami (I get lost a lot on my drives, and prefer neighborhoods to freeways).
For over 40 years we’ve lived in an unincorporated area of St Louis County, MO just a mile from the city limits. It’s a working class neighborhood. We’ve worked in St Louis City for decades, downtown or near downtown. In the late 90s I was carjacked at gunpoint by a Black teenager in a mixed-race “transitional” neighborhood. A resident saw it happening and called the police who showed up a few minutes later, picked me up and we were off in pursuit! The kid had picked up his uncle around the corner and the police caught them within minutes without incident. The teenager pleaded guilty, the uncle got off.
Anyway, the conditions in America’s inner city slums are horrific – poverty, crime, joblessness, poor health, poor services (schools, stores, businesses)… it’s no wonder the residents are depressed and surly. It’s the same in city after city. Unlike my conservative friends I believe it’s a poverty problem rather than ‘race’, but it developed over many decades of ‘racial’ divides. Millions of rural and small town whites are impoverished as well but are not concentrated in ghettos.
When residents can afford to move out, they do. It becomes a death spiral. High poverty areas in US cities have been increasing.
Regarding crime, we need MORE and better police. The CERTAINTY of punishment is a much greater deterrent than the SEVERITY of punishment, so we need a more efficient criminal justice system – courts, prosecutors – and it will not be cheap. A mugger, caught and released with a one year trial date will offend again.
Note too, the poor are getting poorer, the rich richer in the US.
As someone who lives there, what is your prescription for change?
Ho-hum.
Another worthless Rimjob post.
TL;DR.
#HeilBrandon
#StockMarketCrashing
You didn’t say when you last visited Camden but I assure you move two blocks off the river and you won’t know where you are. It’s a nightmare.
Right off I don’t prescribe to your belief that “it’s a poverty problem rather than ‘race’,”. I believe it’s cultural. I believe black culture causes black crime and being part of black culture I am correct. Crime is not caused by poverty. There are millions of poor people in America and around the world they are not criminals. They know right from wrong. But only if they’re taught the difference.
Single parent families especially with women as the sole provider is also part of the problem. I realize that to tell a leftist that there is a real difference between a male and a female is a hate crime of some sort fact is that is a scientific fact. Men in the household provide stability, male attributes and discipline. The best thing is a two parent home but since it became important for the democrats to take over being “the father” so as to control the outcome two parent families have become passé.
Poverty just means excessively being poor. I know, I grew up that way. But my dad was there so I was luck. Luck to get the strap when I stole from the corner store or lied to momma. I was lucky to have a man who stood in the door of the house when some nigger decided he wanted to rob us. And when that fool tried my dad beat him within an inch of his life. He provided for his family as best he could. He defended the members of his family at all times. He smacked us when we needed smackin and made sure we got something for Christmas and our bellies never hurt.
What has happened in Camden is the same thing that’s happened in every democrat run city in America and it all started with LBJ and the Great Society. We have in Camden exactly what they have in Chicago, Philly, Detroit and all those places you listed, generational welfare and the deliberate destruction of the black family, religions and culture. And that was done by the democrats to make us dependent on their party. In Rome it was bread and circuses. In America it’s SNAP cards and cheese. Same bull crap different empire in decline.
And neither Trump, his followers nor Republicans had anything to do with it. It was/is all democrat policies, positions and programs. You guys own it. But instead of picking cotton for you we’re marching and rioting on demand. Same massa’s different era.
I didn’t really answer your question Elwood. Fact is nothing can improve the lot of black America until leftists, democrats and assorted racist stop telling my people we’re victims, we’re owed something by the white man and the whit man is oppressing us.
Stop with the CRT, the race and poverty hucksters, the all black BS on TV and movies. Supergirl isn’t supposed to be black and Jesus never was. Stop lying to us for political reasons and for once in your closed minded lives listen to the Republicans when they want to treat us “white”. We will never survive if we live in this degrading black sub culture generation after generation.
And as an aside stop condemning the rich and canonizing the poor. There are good people everywhere if you take the time to see. Even Republicans and Christians and white people and straight men can be good. Or evil.
BTW, does believing the lying, senile clown in the white house stole the election make me an insurrectionist? Am I a danger to “your democracy” (spit)? Do parents who don’t want sexual perverts around their kids pose a threat to our security?
Where in hell do you people get these ides from?
L’Roy typed: BTW, does believing the lying, senile clown in the white house stole the election make me an insurrectionist?
Of course not. It means you’re delusional.
L’Roy typed: Am I a danger to “your democracy”
If you believe that Donald Q Trump is good for America, yes you are part of the problem. That you believe Trump is the true president is a bad sign. The nation depends on truth and facts. It is so obvious that Trump lost the election, both the popular vote and the Electoral College, that it makes many Americans question the sanity of the election deniers. Sorry, but it’s a belief like Flat Earth, Big Foot and cave men riding dinosaurs.
Although there are 5 times as many impoverished white Americans as Black Americans, whites are not forced into inner city ghettos. It’s hard to imagine that a mayor can do much to change the direction of a hard-core ghetto. Governors and the federal government bear some responsibility, too.
But there was poverty, crime and ghettos well before LBJ, the Civil and Voting Rights Acts. BTW, the Black poverty rate was 40% in 1965 and is now just under 20%. The white poverty rate has been 7-8% in that same span.
Violent (murder, robbery, rape, assault) and property crime peaked in the 1980s. Property crime has decreased by over 50% since, and violent crime has also dropped. But these national figures are small comfort to crime victims in cities.
You claim a major problem is liberals telling Black Americans that they are victims. Surely you don’t feel Black people aren’t smart enough to ignore bad advice. Are you one to claim that Black people aren’t smart enough to know who to vote for? I don’t think words are the problem but actions and the lack of actions are.
We agree that men and fathers in the home are crucial. I also grew up poor in a huge family where sometimes supper was a baked potato. But my father lived there although he “worked” 16 hr a day so wasn’t around much. Turns out part of his “work” included ladyfriends but he was a charming, good-looking SOB. We lived in a racially mixed town and I had Black friends throughout my school years. My best friend was Black. His father was a WWII vet and was killed when I was in the 6th grade when a car he was working on fell on him. His 7 children turned out well and we still keep in touch. Coincidentally all the Black families lived in two neighborhoods there, each called n****town. Go figure.
You blame liberals for the troubles of inner city Blacks. OK. I blame a long history of oppression.
We will get to test your hypothesis when the Repubs take over in 2022 and 2024!