Bidumbnomics

[Fernando]

Look at it as a buying opportunity. Certain stocks were too high before and watching if the stocks I like drop enough to entice me to buy.

 

[Charles West]

It is a baby contraction, now off the lows of this morning. I think the tech sector wants to run and we will see how far.

 

[gregb]

Private sector job growth rises more than expected in March

Hiring by private U.S. companies rose more than forecast in March, a sign that the labor market remains resilient in the face of higher interest rates.

www.foxbusiness.com

 

[Terrel L. Shields]

Interest rates are proving to be inconsequential but may or may not be coming down. The FED is pressing its advantage by being obtuse and not showing their cards.

Meanwhile one business is booming. For over 50 months the system has processed over 1,000,000 new gun buyers in the background check system. About 60 more million firearms. And Biden doesn't see the connection with threats against the Second Amendment and even Democrats buying firearms like mad.

 

[Charles West]

Biden wants to increase the tax revenue bite from 16.5% of total GDP last year all the way to 20.3% by 2034. We are talking huge tax increases in 2025 and beyond.

 

[djd09]

Gavin Newsom’s restaurant offering job at $16/hr despite new state law of $20/hr for fast food workers​

PlumpJack Cafe in Olympic Valley is hiring a part-time busser “to assist the food server in the restaurant to ensure guest satisfaction during all aspects of the dining experience” for $16 per hour.

 

[Charles West]

Elements of the President's budget proposal was talked about this morning when the TC&JA expires and it's the usual stuff, lining up workers and businesses for greater tax load strain than previously. AMT goes from 15% to 21%, buybacks will be taxed at 4%, corporate rate goes to 28% from 21%, a 25% billionaires tax will be included for the first time and longer depreciation schedules and higher fuel taxes. Sounds like a recipe for slow growth, why do the Dems want to crush the private economy?

 

[Terrel L. Shields]

Oil prices a bit down today because Russia has sold a lot of oil to India, so much so that India is now trying to resell the oil it bought from the USA and elsewhere. Russian oil is cheaper. Nonetheless, Russia is not going to go broke financing their war with Ukraine. Which is fine with Biden. His soft response to Iran over the drone attack is clear evidence he is afraid more sanctions on Iran will mean higher oil prices, hence higher gasoline prices and he knows that will be blamed upon him (no matter the WH has already tried to blame the Iran attack on Trump) and Biden is afraid he will lose the election big time if gasoline prices increase.

 

[Terrel L. Shields]

FLASHBACK: Biden made revealing comment about niece's Obama admin role while praising 'rising China'

Then-Vice President Biden gave a shoutout to his niece during a 2011 China speech, telling the crowd she's devoted to 'making sure' the China-US relationship 'gets better and better.'

www.foxnews.com

 

[Charles West]

Biden shuts down multiple energy related projects in Alaska and a few in the lower 48, all projects related to ev battery production. What is wrong with the left other than the obvious?