Bidumbnomics

[Dublin ohio]

I wonder what marinade they used over the local wood charcoal? We supposedely taste like pork.

The other white meat

 

[Terrel L. Shields]

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You forgot that Biden stopped drilling on the Navajo Nation which opposed the move. He added more New Mexico land and a huge swath of Alaska to the no-drill zone for 50 years....it's time limited for the simple reason it clearly violated the multi-use policy of the USDA, and private owners would have to be compensated for the loss of their mineral rights under the 5th.

I saw that a large ice cream company filed Chapter 11. I would not be surprised if Biden didn't pose in front of their plant and beg for ice cream in a photo op while praising them for the quality. Then the next day the OSHA, EPA, and OECC would come down hard on them and sue, like he did Sheetz C stores. Maybe they aren't making enough chocolate ice cream.

 

[IlliniApp]

The other white meat

Careful now...

 

[Charles West]

Interest rates popped this morning as bonds rode the wave of government generated inflation, all this inspite of the 50% decline in GDP numbers from only a year ago. In other words, it is time for the supply side posse to set up shop.

 

[Fernando]

Economists predicted GDP to increase at least over 2.5%.
How could they be so wrong. Dumb economists (I never trust them).
Because of their overoptimism, market went back to reality.

 

[The Bob]

Interest rates popped this morning as bonds rode the wave of government generated inflation, all this inspite of the 50% decline in GDP numbers from only a year ago. In other words, it is time for the supply side posse to set up shop.

Looking like a perfect storm...slowing growth and higher inflation, AKA stagflation.

 

[Terrel L. Shields]

Watch the FED reverse and buy back their own bonds, no one wants them. Look at car prices - collapsing. I know. I was offered $2,500 trade-in for my 2014 GMC Terrain.

 

[Fernando]

Watch the FED reverse and buy back their own bonds, no one wants them. Look at car prices - collapsing. I know. I was offered $2,500 trade-in for my 2014 GMC Terrain.

China used to be biggest buyer of Treasuries. Now they're buying less because of antiChina sentiments. Less demand for bonds, higher interest. Economics.

 

[Elliott]

Not a good day for Bidenomics:

Stock Market sold off, 10-year bond is up to 4.7%, GDP growth is at 1.6%--and that's with $trillion in pork spending and projected to remain under 2% (Obama style GDP), and Cleveland's 2nd Quarter Core CPI (the one Powell likes best) is at 4%.

 

[Charles West]

Not a good day for Bidenomics:

Stock Market sold off, 10-year bond is up to 4.7%, GDP growth is at 1.6%--and that's with $trillion in pork spending and projected to remain under 2% (Obama style GDP), and Cleveland's 2nd Quarter Core CPI (the one Powell likes best) is at 4%.

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It is looking like we are finally slowing down, the consumer is tapped with higher costs after the Keynesian orgy.