Mainstream Economics Thread

[sonofdaxjones]

When you say “market” are you once again stupidly saying the stock market is the economy?

LMAO @ you if you are


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[sonofdaxjones]

Housing starts at 4 year low.

I wonder why.


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[LickNeckey]

When you say “market” are you once again stupidly saying the stock market is the economy?

LMAO @ you if you are


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Hasn't the President Elect regularly done this very thing?

[Stupid Fitz]

When you say “market” are you once again stupidly saying the stock market is the economy?

LMAO @ you if you are


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Hasn't the President Elect regularly done this very thing?

Only when it goes up.

Also a huge bummer that he was totally right about the huge stock market crash that would happen if Biden beat him in 2020.


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[Justwin]

https://twitter.com/drjstrategy/status/1877716819588374931?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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I'm pretty sure this is not seasonally adjusted. If you operate in a world where seasonal adjustments are not made, then be my guest. You run the risk of claiming summer reports are particularly strong even when they are not.

[BIG APPLE CAT]

Seasonal adjustments fall under the umbrella of nuance

[wetwillie]

The non seasonally adjusted summer numbers will be declared the summer of Trump.

[steve dave]

The job report was objectively smoking hot.


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[Justwin]

I would say that it was sizzling, but we can agree to disagree.

[steve dave]

I would say that it was sizzling, but we can agree to disagree.

You son of a bitch


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[LickNeckey]

It's not Dax's fault.

Zero Hedge apparently didn't aggregate this business insider article

https://markets.businessinsider.com/news/stocks/december-jobs-report-stock-bond-market-impact-selloff-decline-trump-2025-1

[Dugout DickStone]

Dang dax.  Maybe you can find a blu anon gamer out of the minions of maga gamers to feel better

[BIG APPLE CAT]

Shut up you guys, some dude who got his phd (from praeger u, I would assume?) says the economy is in the toilet. Everything absolutely sucks. Show me someone who purports to have made a single dime over the last 4 years so I can show you a liar.

[sonofdaxjones]

It never changes, it will all be revised, and once again the Philly Fed recently just murdered the jobs numbers . . . just like they did earlier in the year, just like they did late last year.

Viewers of this blog are also once again reminded that the BLS revised job "growth" down by nearly a million just 6 months ago, or so.

But somehow, some way, #blueanongE keeps attempting to act like that ever-ever happened.

In other news - interest on our national debt in Dec '24, the 3rd month of FFY ' 25 - $160 billion in interest

[hjfklmor]

I look forward to the renewal of the expiring provisions of the Tax Cuts and Jobs Act and how Republicans feel about the impact it will have on the deficit. Probably similar to the feelings they had when it passed initially.

[Pete]

I look forward to the renewal of the expiring provisions of the Tax Cuts and Jobs Act and how Republicans feel about the impact it will have on the deficit. Probably similar to the feelings they had when it passed initially.

Those aren’t going away, AND big property tax deductions are coming back!

[BIG APPLE CAT]

The only logical way to cut the deficit is to tax the ultra rich even less than they already pay. It makes sense. Pubs have known this for decades

[LickNeckey]

and reinstate SALT for upper middle class!

it's the only way

[sonofdaxjones]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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[Pete]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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Dude, that is all getting fixed in like 7 days from now.

[sonofdaxjones]

The first step is admitting that it’s a crap show and has to be fixed. A very solid first step, Pete


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[mocat]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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Dude, that is all getting fixed in like 7 days from now.

sadly the economy is too much of a shitshow to even be able to fix, thanks to joe biden

[Dugout DickStone]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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Dude, that is all getting fixed in like 7 days from now.

Nostrastonus:  nope.  Trump will continue record setting deficits

[BIG APPLE CAT]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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Dude, that is all getting fixed in like 7 days from now.

Nostrastonus:  nope.  Trump will continue record setting deficits

if you know a maga who actually has the cash you should get them to bet you on this. might need to stipulate the funds are held in escrow or something to make sure he doesn't declare bankruptcy when its time to pay up.

[Dugout DickStone]

We are 3.5 months into FFY’25 and the US Government has already spent $711 billion more dollars than it made.


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Dude, that is all getting fixed in like 7 days from now.

Nostrastonus:  nope.  Trump will continue record setting deficits

if you know a maga who actually has the cash you should get them to bet you on this. might need to stipulate the funds are held in escrow or something to make sure he doesn't declare bankruptcy when its time to pay up.

I know of no such magas