The United States has surged back!

U.S. economy among the few bright spots at
World Bank/IMF annual meeting


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The U.S. has been a rare economic bright spot this year, with steady economic growth even as other countries struggle...

The contrast with the U.S. could not be more stark. The IMF says the U.S. is the only major economy where output has returned to pre-pandemic levels.

“Right now, it does seem like we’ve seen a steady amount of economic resilience,” said Ed Moya, a senior market analyst at the brokerage firm Oanda.

American consumers are powering much of the economic growth, he said. They’re still spending a lot, and they feel secure in their jobs, since employers are so desperate to hire.

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U.S. National Debt September 2019: $16.8 trillion
U.S. National Debt September 2023: $33 trillion

 

The only thing that has surged back is inflation.
Prices rose 3.7 percent in September as Fed keeps up inflation fight
By Rachel Siegel

 

The homelessness population in major U.S. cities is on the rise - CBS News
"More than 400000 people were homeless last year -- a record high, according to National Alliance to End Homelessness."

Key Homelessness Statistics and Facts for 2023
"In America, 582,462 individuals are experiencing homelessness, an increase of about 2,000 people since the last complete census conducted in 2020."

https://finance.yahoo.com/news/housing-market-2023-rents-evictions-195428339.htm
"Eviction rates are rising across the nation, with filings up more than 50% than the pre-pandemic average in some cities. At the same time, rents are soaring. In July, rent prices grew 0.31 percent year over year"

 

Go Bidden, Job well done, Best President ever, everyone says so....

 

huh, 16.8 Trillion

it was 27.74 at the end of 2020

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

2016 $19,573 Brexit
2017 $20,245 Congress raised the debt ceiling
2018 $21,516 Trump tax cuts
2019 $22,719 Trade wars
2020 $27,748 COVID-19 and 2020 recession
2021 $29,617 COVID-19 and American Rescue Plan Act
2022 $30,824 Inflation Reduction Act and student loan forgiveness

 

yes, the FED is trying to cool the hot Biden economy

big difference from the FED constantly trying to bail out the failing Trump economy

 

Competency at the helm, Dark Brandon slow and steady....

 

The economy did pretty well under Trump. Certainly my stock portfolio did better.

 

Inflation Is Higher Than Reported. A Shopper Has Proof
Alfredo Ortiz, The Messenger




Prices of most staples that many families depend on have increased by around twice as much as the official food inflation rate Read More

 

Anyone paying $14/pound for bacon is not someone who should be doing the shopping in any part of the country. Here in Ft Lauderdale, high quality bacon is around $10/pound.

So, hard to take the article seriously when the one topic I understand without looking it up is total BS.

Most of the other prices in this town in Missouri are higher or equal to the prices I’m paying now in Ft Lauderdale. It seems weird that prices in a small town in MO would be so much higher than here.

 

The data are the data.

 

Fake data is fake.

 

with the FED dumping trillions and trillions into it, now we have inflation

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

the FED dumping trillions into the economy and buying stocks....

 

We had growth without inflation. Certainly the groundwork for inflation was laid. Trump's tax cuts were unwise. Biden was too late to the party on inflation.

 

The Fed did not buy stocks. Investors sought the stock market because bond yields were zero.

 

Because of covid, we had a supply issue - prices are not going back down

 

COVID was not an excuse for Trump and it's not an excuse for Biden.

 

you're right, it was Corporate Bonds they bought to bump stock prices under Trump

 

Well, no. Money spent on bonds takes demand out of the stock market, putting downward pressure on stocks.

 

it is the cause of global supply issues

 

Nope.

 

not if it's the FED injecting the money into Bonds

 

I believe a very big war is on the horizon and will make our economy look very fragile. World trade will be disrupted. I don’t think things will be very impressive at all in the near future.