GoldenBoy89
We're Still Here
- Sep 25, 2012
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I remember them doing a victory lap over Covid in October of 2020.it never fails to amaze me how much trump loves to lie about easily checkable stuff
? "... analysts expect ..." is not objective empirical data.Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs (Autos up 5.3%)
But analysts expect sales will start falling off as the slew of tariffs increase costs for companies and many retailers are forced to raise prices, hurting shopper demand.
Around 99.31 today. Down from 108.77 January 20th when Trump took control.
Tariffs-related stockpiling boosts US goods trade deficit to record high
No need to panic. This is clearly temporary. US businesses bought a little extra so that they will have enough product until all the new US factories sprout up next month.
The report from the Commerce Department's Census Bureau prompted economists to sharply downgrade their GDP estimates for last quarter to show a steeper decline rather than growth just stalling. Goldman Sachs now sees GDP contracting at a 0.8% annualized rate while JPMorgan forecasts output declining at a 1.75% pace.
A glorious (but temporary) decline of US growth!
The economy grew at a 2.4% rate in the fourth quarter.
Booo! Joe Biden did that!
“There are a lot of reasons to be extremely bullish about the economy going forward. But for sure, this quarter, there are some blips in the data,” White House National Economic Council Director Kevin Hassett told CNBC on Monday. “What’s going to happen is the first quarter is going to squeak into the positive category, and then the second quarter is going to take off as everybody sees the reality of the tax cuts.”
Overall consumer prices increased 2.3% from a year earlier, down from 2.4% rise the previous month, according to the Labor Department’s consumer price index, a measure of average changes in goods and services costs. [That's Biden's economy for ya.]President Trump claims to have solved US inflation amid market turmoil
Speaking in the Oval Office during his meeting with El Salvador's President Nayib Bukele on Monday, Trump seized on the latest monthly consumer price report, which shows a 2.4% inflation rate for March.
"We have to solve problems, and we already solved inflation."
I thought Trump was going to fix this.Lots of Americans would love to buy a home, but they simply can't afford to. Home prices are up nearly 50% since before the pandemic, and mortgage interest rates ticked up to 6.86% last week
I guess the GOP needs a lesson in supply and demand.Construction of single-family homes dropped in April, according to figures from the Census Bureau. Every indicator concerning single-family homes — building permits, starts of new homes and completions — was down compared to a year ago.
One of the big issues, he says, is Canadian lumber: "Wood framed homes represent about 90% of single-family home building and about a quarter of softwood lumber that we use comes from Canada."
But we already know that “trade wars are good, and easy to ’win’!”Hard to track the economy with empirical data, when the Trump Administration is suppressing the data.
Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s trade deficit in farm goods later this year, according to two people familiar with the matter.
The numbers run counter to President Donald Trump’s messaging that his economic policies, including tariffs, will reduce U.S. trade imbalances. The politically inconvenient data prompted administration officials to block publication of the written analysis normally attached to the report because they disliked what it said about the deficit.
Policymakers, farm groups and commodities traders rely on the closely watched report, which the Agriculture Department issues quarterly, for its analysis of imports and exports of major farm commodities including cotton and livestock. The highly unusual rollout could raise questions about potential political meddling with government reports that have traditionally been trusted for decades.
Does objective empirical data exist. Well, I think so.
12/14/24 - Jobs Growth 227,000
Does objective empirical data exist. Well, I think so.
12/14/24 - Jobs Growth 227,000
Forecasts had varied in advance but ranged from around 100,000 to 125,000 jobs expected. In April, employers added a downwardly revised 147,000 jobs.
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