US Politics: Bike tricks

[GrootVoet]

The irony is the dow is still higher than at any time during Trumps period in office.

Will at the rate Biden is destroying the American economy it will not be long before you say it's still higher than when Jimmy Carter was in office.

 

[Temujin]

https://twitter.com/i/web/status/1569770846381547525

https://twitter.com/i/web/status/1569780072613126144

 

[Temujin]

"We are so proud of what we accomplished with the Inflation Reduction Act, but now it's time to address the runaway inflation that came about due to its passage," said Senator Chuck Schumer on the steps of the Capitol this morning. "This new bill, which we've entitled the 'Inflation From The Inflation Reduction Act Reduction Act', will solve the inflation problem. You're welcome, America!"

Democrats Propose Another Inflation Reduction Act To Combat Inflation Created By First Inflation Reduction Act

WASHINGTON, D.C. — With inflation and consumer prices continuing to skyrocket, Democrats in Congress have proposed a brand new Inflation Reduction Act to combat the inflation brought about by the first Inflation Reduction Act.

babylonbee.com

 

[Gnarls]

CPI has risen year on year, every year since 1955 with the sole exception of 2009

https://www.minneapolisfed.org/abou...flation-calculator/consumer-price-index-1913-

You can say that inflation under Biden is higher than Trump but CPI almost always increases year on year as long as there is no deflation.

No one is saying otherwise dude. My comment was in response to the ridiculous intimation that because the dow is higher, all is good with the economy.

 

[Temujin]

 

[wbot]

 

[Pudding McTwinkle]

Peak performance.

 

[quovadis]

Will at the rate Biden is destroying the American economy it will not be long before you say it's still higher than when Jimmy Carter was in office.

So you're an economist?

 

[Pudding McTwinkle]

So you're an economist?

So you're an economist?

 

[quovadis]

So you're an economist?

I'm not the one making predictions. Simply pointed out the dow numbers.

 

[Kieppie]

So you're an economist?

Being an economist is meaningless for such predictions *cough* Paul Krugman *cough*

Of all indices the Dow is the least relevant. That said, the higher numbers are a direct result of all the excess stimulus money people invested. I'm still waiting for this bubble to pop.

 

[Temujin]

Transitory.

 

[Kieppie]

Not going to say Oz is a good candidate, but why on earth are people supporting Fetterwoman?

https://twitter.com/i/web/status/1570010673383448577

 

[Kieppie]

https://twitter.com/i/web/status/1569687472988164096

 

[The_Right_Honourable_Brit]

I'm not sure US taxpayers would approve.

https://twitter.com/i/web/status/1570017358969802752

 

[rietrot]

An actual post by the 45th president of the United States, folks

He better deliver this time. If Hillary isn't in jail in the first month I'll be disappointed.

 

[quovadis]

Being an economist is meaningless for such predictions *cough* Paul Krugman *cough*

Of all indices the Dow is the least relevant. That said, the higher numbers are a direct result of all the excess stimulus money people invested. I'm still waiting for this bubble to pop.

Maybe you should address the person who posted it.

 

[Kieppie]

I'm not the one making predictions. Simply pointed out the dow numbers.

Exactly, you brought up the Dow originally, which isn't correlated to a strong economy.
His opinion about Biden destroying the economy is valid given the trends and the policies they are enacting.
The bubble I mentioned is also not just sucked out of my thumb, but rather based on the decisions/policies made since the onset of Covid. For example a recent article.

Bridgewater's co-chief investor says the US is at the center of a global financial bubble - and warns a crushing recession is on the cards

Hedge fund boss Greg Jensen said US asset prices won't rebound to their pre-pandemic highs and the Federal Reserve could struggle to curb inflation.

markets.businessinsider.com

To counter that with asking him if he's an economist is meaningless given how wrong many of them are. Perhaps I should caveat that by saying those with clear political leanings influencing their opinions.

 

[quovadis]

Exactly, you brought up the Dow originally, which isn't correlated to a strong economy.

I never said it was. Once again, I just pointed out that the Dow at its lowest with Biden is still higher than at anytime during Trumps tenure. I’ll leave you to go off on your tangent.

 

[Kieppie]

I never said it was. Once again, I just pointed out that the Dow at its lowest with Biden is still higher than at anytime during Trumps tenure. I’ll leave you to go off on your tangent.

And Trump was higher than Obama, who was higher than Bush, who was higher than Clinton... So basically a meaningless post then?