On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

> | ...
> | How amazing has the economy been? As recently as March, the
> | Federal Reserve committee that sets monetary policy
> | projected that we'd end this year with 4.5 percent
> | unemployment and with the Fed's preferred "core" measure of
> | inflation running at 3.6 percent. Last week, the same group
> | projected year-end unemployment of only 3.8 percent and
> | core inflation at only 3.2 percent. But actually the news
> | is even better, because that last number is inflation for
> | the year as a whole; over the six months ending in October,
> | core inflation was running at 2.5 percent, and most
> | analysts I follow believe that when November data come in
> | later this week, it will show inflation down to around 2
> | percent, which is the Fed's long-run target.
> | ...
><https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>
> --bks

The trouble is, "core" doesn't include food and that continues to climb.

Swill
--
Swill

"I don't want everybody to vote. As a matter of fact, our leverage in
the elections quite candidly goes up as the voting populace goes down."
- Paul Weyrich, co founder of Heritage Foundation and Moral Majority

Not left, not right, https://www.forwardparty.com/

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

> | ...
> | How amazing has the economy been? As recently as March, the
> | Federal Reserve committee that sets monetary policy
> | projected that we'd end this year with 4.5 percent
> | unemployment and with the Fed's preferred "core" measure of
> | inflation running at 3.6 percent. Last week, the same group
> | projected year-end unemployment of only 3.8 percent and
> | core inflation at only 3.2 percent. But actually the news
> | is even better, because that last number is inflation for
> | the year as a whole; over the six months ending in October,
> | core inflation was running at 2.5 percent, and most
> | analysts I follow believe that when November data come in
> | later this week, it will show inflation down to around 2
> | percent, which is the Fed's long-run target.
> | ...
><https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>
> --bks

Oh wow, the inflation increase is lower. I'm not sure how that's good
news considering the pounding we've already taken that this does not
change.

On Tue, 19 Dec 2023 18:19:43 -0500, Governor Swill
<governor.swill@gmail.com> wrote:

>On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:
>
>> | ...
>> | How amazing has the economy been? As recently as March, the
>> | Federal Reserve committee that sets monetary policy
>> | projected that we'd end this year with 4.5 percent
>> | unemployment and with the Fed's preferred "core" measure of
>> | inflation running at 3.6 percent. Last week, the same group
>> | projected year-end unemployment of only 3.8 percent and
>> | core inflation at only 3.2 percent. But actually the news
>> | is even better, because that last number is inflation for
>> | the year as a whole; over the six months ending in October,
>> | core inflation was running at 2.5 percent, and most
>> | analysts I follow believe that when November data come in
>> | later this week, it will show inflation down to around 2
>> | percent, which is the Fed's long-run target.
>> | ...
>><https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>>
>> --bks
>
>The trouble is, "core" doesn't include food and that continues to climb.
>
>Swill

Figures lie and liars figure.

>>> | How amazing has the economy been? As recently as March, the
>>> | Federal Reserve committee that sets monetary policy
>>> | projected that we'd end this year with 4.5 percent
>>> | unemployment and with the Fed's preferred "core" measure of
>>> | inflation running at 3.6 percent. Last week, the same group
>>> | projected year-end unemployment of only 3.8 percent and
>>> | core inflation at only 3.2 percent. But actually the news
>>> | is even better, because that last number is inflation for
>>> | the year as a whole; over the six months ending in October,
>>> | core inflation was running at 2.5 percent, and most
>>> | analysts I follow believe that when November data come in
>>> | later this week, it will show inflation down to around 2
>>> | percent, which is the Fed's long-run target.

|
| US Consumer Confidence Surges Most Since 2021 in Broad
| Upturn
|
| o Americans see better labor market, improving inflation outlook
| o Buying plans rise amid expectations for lower interest rates
| ...
<https://www.bloomberg.com/news/articles/2023-12-20/us-consumer-confidence-rises-to-5-month-high-on-better-outlook>

--bks

NoBody wrote:
> On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K.
> Sherman) wrote:
>
>> | ...
>> | How amazing has the economy been? As recently as March, the
>> | Federal Reserve committee that sets monetary policy
>> | projected that we'd end this year with 4.5 percent
>> | unemployment and with the Fed's preferred "core" measure of
>> | inflation running at 3.6 percent. Last week, the same group
>> | projected year-end unemployment of only 3.8 percent and
>> | core inflation at only 3.2 percent. But actually the news
>> | is even better, because that last number is inflation for
>> | the year as a whole; over the six months ending in October,
>> | core inflation was running at 2.5 percent, and most
>> | analysts I follow believe that when November data come in
>> | later this week, it will show inflation down to around 2
>> | percent, which is the Fed's long-run target.
>> | ...
>> <https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>>
>> --bks
>
> Oh wow, the inflation increase is lower. I'm not sure how that's good
> news considering the pounding we've already taken that this does not
> change.
>

Would you prefer deflation?

--
Siri Seal of Disavowal #000-001. Disavowed. Denied. @
'I desire mercy, not sacrifice.' /|\
The Church of the Holey Apple .signature 3.2 / \
of Discordian Mysteries. This post insults Islam. Mohamed

On Wed, 20 Dec 2023 19:13:10 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

>>>> | How amazing has the economy been? As recently as March, the
>>>> | Federal Reserve committee that sets monetary policy
>>>> | projected that we'd end this year with 4.5 percent
>>>> | unemployment and with the Fed's preferred "core" measure of
>>>> | inflation running at 3.6 percent. Last week, the same group
>>>> | projected year-end unemployment of only 3.8 percent and
>>>> | core inflation at only 3.2 percent. But actually the news
>>>> | is even better, because that last number is inflation for
>>>> | the year as a whole; over the six months ending in October,
>>>> | core inflation was running at 2.5 percent, and most
>>>> | analysts I follow believe that when November data come in
>>>> | later this week, it will show inflation down to around 2
>>>> | percent, which is the Fed's long-run target.
>
> |
> | US Consumer Confidence Surges Most Since 2021 in Broad
> | Upturn
> |
> | o Americans see better labor market, improving inflation outlook
> | o Buying plans rise amid expectations for lower interest rates
> | ...
><https://www.bloomberg.com/news/articles/2023-12-20/us-consumer-confidence-rises-to-5-month-high-on-better-outlook>
>
> --bks

More paywalled propaganda from the Russian troll.

Meanwhile people are buying things they can't afford....

"Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card,
and Student Loan Balances
Total household debt rose by 1.3 percent to reach $17.29 trillion in
the third quarter of 2023, according to the latest Quarterly Report on
Household Debt and Credit. Mortgage balances increased to $12.14
trillion, credit card balances to $1.08 trillion, and student loan
balances to $1.6 trillion. Auto loan balances increased to $1.6
trillion, continuing the upward trajectory seen since 2011. Other
balances, which include retail credit cards and other consumer loans,
were effectively flat at $0.53 trillion. Delinquency transition rates
increased for most debt types, except for student loans.
Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card,
and Student Loan Balances
Total household debt rose by 1.3 percent to reach $17.29 trillion in
the third quarter of 2023, according to the latest Quarterly Report on
Household Debt and Credit. Mortgage balances increased to $12.14
trillion, credit card balances to $1.08 trillion, and student loan
balances to $1.6 trillion. Auto loan balances increased to $1.6
trillion, continuing the upward trajectory seen since 2011. Other
balances, which include retail credit cards and other consumer loans,
were effectively flat at $0.53 trillion. Delinquency transition rates
increased for most debt types, except for student loans."

https://www.newyorkfed.org/microeconomics/hhdc

NOT paywalled.

On Wed, 20 Dec 2023 11:27:52 -0800, Siri Cruise
<chine.bleu@www.yahoo.com> wrote:

>NoBody wrote:
>> On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K.
>> Sherman) wrote:
>>
>>> | ...
>>> | How amazing has the economy been? As recently as March, the
>>> | Federal Reserve committee that sets monetary policy
>>> | projected that we'd end this year with 4.5 percent
>>> | unemployment and with the Fed's preferred "core" measure of
>>> | inflation running at 3.6 percent. Last week, the same group
>>> | projected year-end unemployment of only 3.8 percent and
>>> | core inflation at only 3.2 percent. But actually the news
>>> | is even better, because that last number is inflation for
>>> | the year as a whole; over the six months ending in October,
>>> | core inflation was running at 2.5 percent, and most
>>> | analysts I follow believe that when November data come in
>>> | later this week, it will show inflation down to around 2
>>> | percent, which is the Fed's long-run target.
>>> | ...
>>> <https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>>>
>>> --bks
>>
>> Oh wow, the inflation increase is lower. I'm not sure how that's good
>> news considering the pounding we've already taken that this does not
>> change.
>>
>
>Would you prefer deflation?

Why are you running from the facts by asking a different question?

On Thu, 21 Dec 2023 07:12:40 -0500, NoBody <NoBody@nowhere.com> wrote:

>On Wed, 20 Dec 2023 19:13:10 -0000 (UTC), bks@panix.com (Bradley K.
>Sherman) wrote:
>
>>>>> | How amazing has the economy been? As recently as March, the
>>>>> | Federal Reserve committee that sets monetary policy
>>>>> | projected that we'd end this year with 4.5 percent
>>>>> | unemployment and with the Fed's preferred "core" measure of
>>>>> | inflation running at 3.6 percent. Last week, the same group
>>>>> | projected year-end unemployment of only 3.8 percent and
>>>>> | core inflation at only 3.2 percent. But actually the news
>>>>> | is even better, because that last number is inflation for
>>>>> | the year as a whole; over the six months ending in October,
>>>>> | core inflation was running at 2.5 percent, and most
>>>>> | analysts I follow believe that when November data come in
>>>>> | later this week, it will show inflation down to around 2
>>>>> | percent, which is the Fed's long-run target.
>>
>> |
>> | US Consumer Confidence Surges Most Since 2021 in Broad
>> | Upturn
>> |
>> | o Americans see better labor market, improving inflation outlook
>> | o Buying plans rise amid expectations for lower interest rates
>> | ...
>><https://www.bloomberg.com/news/articles/2023-12-20/us-consumer-confidence-rises-to-5-month-high-on-better-outlook>
>>
>> --bks
>
>More paywalled propaganda from the Russian troll.
>
>Meanwhile people are buying things they can't afford....
>
>"Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card,
>and Student Loan Balances
>Total household debt rose by 1.3 percent to reach $17.29 trillion in
>the third quarter of 2023, according to the latest Quarterly Report on
>Household Debt and Credit. Mortgage balances increased to $12.14
>trillion, credit card balances to $1.08 trillion, and student loan
>balances to $1.6 trillion. Auto loan balances increased to $1.6
>trillion, continuing the upward trajectory seen since 2011. Other
>balances, which include retail credit cards and other consumer loans,
>were effectively flat at $0.53 trillion. Delinquency transition rates
>increased for most debt types, except for student loans.
>Household Debt Rises to $17.29 Trillion Led by Mortgage, Credit Card,
>and Student Loan Balances
>Total household debt rose by 1.3 percent to reach $17.29 trillion in
>the third quarter of 2023, according to the latest Quarterly Report on
>Household Debt and Credit. Mortgage balances increased to $12.14
>trillion, credit card balances to $1.08 trillion, and student loan
>balances to $1.6 trillion. Auto loan balances increased to $1.6
>trillion, continuing the upward trajectory seen since 2011. Other
>balances, which include retail credit cards and other consumer loans,
>were effectively flat at $0.53 trillion. Delinquency transition rates
>increased for most debt types, except for student loans."
>
>https://www.newyorkfed.org/microeconomics/hhdc
>
>NOT paywalled.

As expected, the Russian troll can't handle facts and runs and hides.

On Thu, 21 Dec 2023 07:13:27 -0500, NoBody <NoBody@nowhere.com> wrote:

>On Wed, 20 Dec 2023 11:27:52 -0800, Siri Cruise
><chine.bleu@www.yahoo.com> wrote:
>
>>NoBody wrote:
>>> On Tue, 19 Dec 2023 14:02:39 -0000 (UTC), bks@panix.com (Bradley K.
>>> Sherman) wrote:
>>>
>>>> | ...
>>>> | How amazing has the economy been? As recently as March, the
>>>> | Federal Reserve committee that sets monetary policy
>>>> | projected that we'd end this year with 4.5 percent
>>>> | unemployment and with the Fed's preferred "core" measure of
>>>> | inflation running at 3.6 percent. Last week, the same group
>>>> | projected year-end unemployment of only 3.8 percent and
>>>> | core inflation at only 3.2 percent. But actually the news
>>>> | is even better, because that last number is inflation for
>>>> | the year as a whole; over the six months ending in October,
>>>> | core inflation was running at 2.5 percent, and most
>>>> | analysts I follow believe that when November data come in
>>>> | later this week, it will show inflation down to around 2
>>>> | percent, which is the Fed's long-run target.
>>>> | ...
>>>> <https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html>
>>>>
>>>> --bks
>>>
>>> Oh wow, the inflation increase is lower. I'm not sure how that's good
>>> news considering the pounding we've already taken that this does not
>>> change.
>>>
>>
>>Would you prefer deflation?
>
>Why are you running from the facts by asking a different question?

And the drunk runs away.

>> | How amazing has the economy been? As recently as March, the
>> | Federal Reserve committee that sets monetary policy
>> | projected that we'd end this year with 4.5 percent
>> | unemployment and with the Fed's preferred "core" measure of
>> | inflation running at 3.6 percent. Last week, the same group
>> | projected year-end unemployment of only 3.8 percent and
>> | core inflation at only 3.2 percent. But actually the news
>> | is even better, because that last number is inflation for
>> | the year as a whole; over the six months ending in October,
>> | core inflation was running at 2.5 percent, and most
>> | analysts I follow believe that when November data come in
>> | later this week, it will show inflation down to around 2
>> | percent, which is the Fed's long-run target.

> | US Consumer Confidence Surges Most Since 2021 in Broad
> | Upturn

|
| Chart of the Week: Prices actually went down -- they didn't
| just grow slower
| ...
<https://finance.yahoo.com/news/chart-of-the-week-prices-actually-went-down--they-didnt-just-grow-slower-110045662.html>

--bks

bks@panix.com (Bradley K. Sherman) wrote in
news:um9e4p$m4r$1@reader1.panix.com:

>>> | How amazing has the economy been? As recently as March, the
>>> | Federal Reserve committee that sets monetary policy
>>> | projected that we'd end this year with 4.5 percent
>>> | unemployment and with the Fed's preferred "core" measure of
>>> | inflation running at 3.6 percent. Last week, the same group
>>> | projected year-end unemployment of only 3.8 percent and
>>> | core inflation at only 3.2 percent. But actually the news
>>> | is even better, because that last number is inflation for
>>> | the year as a whole; over the six months ending in October,
>>> | core inflation was running at 2.5 percent, and most
>>> | analysts I follow believe that when November data come in
>>> | later this week, it will show inflation down to around 2
>>> | percent, which is the Fed's long-run target.
>
>> | US Consumer Confidence Surges Most Since 2021 in Broad
>> | Upturn
>
> |
> | Chart of the Week: Prices actually went down -- they didn't
> | just grow slower
> | ...
> <https://finance.yahoo.com/news/chart-of-the-week-prices-actually-went-
> down--they-didnt-just-grow-slower-110045662.html>
>
> --bks
>

Bearing in mind how much of "inflation"
was just price gouging by already very
profitable corporations.

On Sun, 24 Dec 2023 14:10:34 -0000 (UTC), bks@panix.com (Bradley K.
Sherman) wrote:

>>> | How amazing has the economy been? As recently as March, the
>>> | Federal Reserve committee that sets monetary policy
>>> | projected that we'd end this year with 4.5 percent
>>> | unemployment and with the Fed's preferred "core" measure of
>>> | inflation running at 3.6 percent. Last week, the same group
>>> | projected year-end unemployment of only 3.8 percent and
>>> | core inflation at only 3.2 percent. But actually the news
>>> | is even better, because that last number is inflation for
>>> | the year as a whole; over the six months ending in October,
>>> | core inflation was running at 2.5 percent, and most
>>> | analysts I follow believe that when November data come in
>>> | later this week, it will show inflation down to around 2
>>> | percent, which is the Fed's long-run target.
>
>> | US Consumer Confidence Surges Most Since 2021 in Broad
>> | Upturn
>
> |
> | Chart of the Week: Prices actually went down -- they didn't
> | just grow slower
> | ...
><https://finance.yahoo.com/news/chart-of-the-week-prices-actually-went-down--they-didnt-just-grow-slower-110045662.html>
>
> --bks

So you're saying that we only have 23% decrease to go since Biden's
ridiculous inflation performance? This is like saying a man is
starving and you hand him a cookie and say "all better now".

Oh and your cite notes energy and food are not included in the chart.

On Sun, 24 Dec 2023 14:39:13 +0000, Mitchell Holman
<noemail@verizon.net> wrote:

>bks@panix.com (Bradley K. Sherman) wrote in
>news:um9e4p$m4r$1@reader1.panix.com:
>
>>>> | How amazing has the economy been? As recently as March, the
>>>> | Federal Reserve committee that sets monetary policy
>>>> | projected that we'd end this year with 4.5 percent
>>>> | unemployment and with the Fed's preferred "core" measure of
>>>> | inflation running at 3.6 percent. Last week, the same group
>>>> | projected year-end unemployment of only 3.8 percent and
>>>> | core inflation at only 3.2 percent. But actually the news
>>>> | is even better, because that last number is inflation for
>>>> | the year as a whole; over the six months ending in October,
>>>> | core inflation was running at 2.5 percent, and most
>>>> | analysts I follow believe that when November data come in
>>>> | later this week, it will show inflation down to around 2
>>>> | percent, which is the Fed's long-run target.
>>
>>> | US Consumer Confidence Surges Most Since 2021 in Broad
>>> | Upturn
>>
>> |
>> | Chart of the Week: Prices actually went down -- they didn't
>> | just grow slower
>> | ...
>> <https://finance.yahoo.com/news/chart-of-the-week-prices-actually-went-
>> down--they-didnt-just-grow-slower-110045662.html>
>>
>> --bks
>>
>
>
> Bearing in mind how much of "inflation"
>was just price gouging by already very
>profitable corporations.
>
>

Wow, Mitchie is really getting desperate in his reality dodging.
>
>

On Mon, 25 Dec 2023 10:56:51 -0500, NoBody <NoBody@nowhere.com> wrote:

>On Sun, 24 Dec 2023 14:10:34 -0000 (UTC), bks@panix.com (Bradley K.
>Sherman) wrote:
>
>>>> | How amazing has the economy been? As recently as March, the
>>>> | Federal Reserve committee that sets monetary policy
>>>> | projected that we'd end this year with 4.5 percent
>>>> | unemployment and with the Fed's preferred "core" measure of
>>>> | inflation running at 3.6 percent. Last week, the same group
>>>> | projected year-end unemployment of only 3.8 percent and
>>>> | core inflation at only 3.2 percent. But actually the news
>>>> | is even better, because that last number is inflation for
>>>> | the year as a whole; over the six months ending in October,
>>>> | core inflation was running at 2.5 percent, and most
>>>> | analysts I follow believe that when November data come in
>>>> | later this week, it will show inflation down to around 2
>>>> | percent, which is the Fed's long-run target.
>>
>>> | US Consumer Confidence Surges Most Since 2021 in Broad
>>> | Upturn
>>
>> |
>> | Chart of the Week: Prices actually went down -- they didn't
>> | just grow slower
>> | ...
>><https://finance.yahoo.com/news/chart-of-the-week-prices-actually-went-down--they-didnt-just-grow-slower-110045662.html>
>>
>> --bks
>
>So you're saying that we only have 23% decrease to go since Biden's
>ridiculous inflation performance? This is like saying a man is
>starving and you hand him a cookie and say "all better now".
>
>Oh and your cite notes energy and food are not included in the chart.

And Bradley has run away.

On 12/26/2023 7:14 AM, NoBody wrote:

> And Bradley has

wisely chosen to ignore your childish screams for attention. Fuck off.

On 12/27/2023 12:53 PM, Cune I. Form wrote:
> On 12/26/2023 7:14 AM, NoBody wrote:
>
>> And Bradley has
>
> wisely chosen to ignore your childish screams for attention. Fuck off.

Well put.

>>> | Chart of the Week: Prices actually went down -- they didn't
>>> | just grow slower

|
| Gas prices fall under 3 bucks a gallon at majority of U.S.
| stations
| ...
<https://www.cbsnews.com/news/gas-prices-california-diesel-holiday-travel-oil/>

--bks

Bradley K. Sherman wrote:
>>>> | Chart of the Week: Prices actually went down -- they didn't
>>>> | just grow slower
>
> |
> | Gas prices fall under 3 bucks a gallon at majority of U.S.
> | stations
> | ...
> <https://www.cbsnews.com/news/gas-prices-california-diesel-holiday-travel-oil/>
>
> --bks
>

Some states are outliers. Alaska has more violent crime because
the restrictions in winter drive people crazy and drunk.
California has more expensive petrol because our smog is so bad.

--
Siri Seal of Disavowal #000-001. Disavowed. Denied. @
'I desire mercy, not sacrifice.' /|\
The Church of the Holey Apple .signature 3.2 / \
of Discordian Mysteries. This post insults Islam. Mohamed

|
| With 2023 ticking down, the nation is poised to finish the
| year with its biggest annual drop in homicides on record,
| according to preliminary data from law enforcement agencies
| both large and small.
|
| The homicide rate in the United States is expected to
| plummet nearly 13% compared to 2022, meaning more than
| 2,000 fewer people were the victims of homicide this year,
| Jeff Asher, a national crime analyst, told ABC News.
| ...
<https://abcnews.go.com/US/homicide-numbers-poised-hit-record-decline-nationwide-americans/story?id=105556400>

--bks

|
| U.S. payrolls increased by 216,000 in December, much better
| than expected
|
|
| The U.S. labor market closed out 2023 in strong shape as
| the pace of hiring was even more powerful than expected,
| the Labor Department reported Friday.
| ...
<https://www.cnbc.com/2024/01/05/jobs-report-december-2023-payrolls-increased-by-216000-in-december.html>

--bks

|
| U.S. producer prices unexpectedly fell in December amid
| declining costs for goods such as diesel fuel and food,
| suggesting inflation would continue to subside and allow
| the Federal Reserve to start cutting interest rates this
| year.
| ...
<https://www.reuters.com/markets/us/us-producer-prices-unexpectedly-fall-december-2024-01-12/>

--bks

> | U.S. producer prices unexpectedly fell in December amid
> | declining costs for goods such as diesel fuel and food,
> | suggesting inflation would continue to subside and allow
> | the Federal Reserve to start cutting interest rates this
> | year.

|
| GDP Growth Surged for a Strong Finish to 2023
| ...
<https://www.barrons.com/articles/us-economy-gdp-growth-report-today-b9df7126>

--bks

>> | U.S. producer prices unexpectedly fell in December amid
>> | declining costs for goods such as diesel fuel and food,
>> | suggesting inflation would continue to subside and allow
>> | the Federal Reserve to start cutting interest rates this
>> | year.

> | GDP Growth Surged for a Strong Finish to 2023

|
| The European economy, hobbled by unfamiliar weakness in
| Germany, is barely growing. China is struggling to
| recapture its sizzle. And Japan continues to disappoint.
|
| But in the United States, it's a different story. Here,
| despite lingering consumer angst over inflation, the
| surprisingly strong economy is outperforming all of its
| major trading partners.
| ...
<https://www.washingtonpost.com/business/2024/01/28/global-economy-gdp-inflation/>

--bks

On Sun, 28 Jan 2024 13:55:10 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

>>> | U.S. producer prices unexpectedly fell in December amid
>>> | declining costs for goods such as diesel fuel and food,
>>> | suggesting inflation would continue to subside and allow
>>> | the Federal Reserve to start cutting interest rates this
>>> | year.
>
>> | GDP Growth Surged for a Strong Finish to 2023
>
> |
> | The European economy, hobbled by unfamiliar weakness in
> | Germany, is barely growing. China is struggling to
> | recapture its sizzle. And Japan continues to disappoint.
> |
> | But in the United States, it's a different story. Here,
> | despite lingering consumer angst over inflation, the
> | surprisingly strong economy is outperforming all of its
> | major trading partners.
> | ...
><https://www.washingtonpost.com/business/2024/01/28/global-economy-gdp-inflation/>
>
> --bks

"Over the four years through September, the most recent comparison available, U.S. wages —
after inflation — grew 2.8 percent.

Most other countries in the Group of Seven industrial democracies saw a decline, according
to Treasury Department data. Italian wages sank by more than 9 percent over that period,
while German workers earned 7.2 percent less than they had before the pandemic.

“The U.S. has seen a particularly strong GDP recovery, and inflation has cooled sooner and
more quickly than in other large, advanced economies. And the increase in real wages is
unique to our country’s recovery,” Treasury Secretary Janet L. Yellen said in a Chicago
speech last week."

So strong is MAGAs' hate for America that they will do anything, say anything to belittle
a nation that is already not merely great but certainly the Greatest.

Swill
--
A Republican making sense:
https://www.cnn.com/videos/politics/2023/10/15/sotu-crenshaw-full.cnn

It's really hard to screw up America.
A lot of people have been trying for well over 250 years
but we're still on top. - Dan Crenshaw (R) Texas

GO TRUMP! Go farther . . . FARTHER . . . I CAN STILL HEAR YOU!

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

On Sun, 28 Jan 2024 13:55:10 -0000 (UTC), bks@panix.com (Bradley K. Sherman) wrote:

>>> | U.S. producer prices unexpectedly fell in December amid
>>> | declining costs for goods such as diesel fuel and food,
>>> | suggesting inflation would continue to subside and allow
>>> | the Federal Reserve to start cutting interest rates this
>>> | year.
>
>> | GDP Growth Surged for a Strong Finish to 2023
>
> |
> | The European economy, hobbled by unfamiliar weakness in
> | Germany, is barely growing. China is struggling to
> | recapture its sizzle. And Japan continues to disappoint.
> |
> | But in the United States, it's a different story. Here,
> | despite lingering consumer angst over inflation, the
> | surprisingly strong economy is outperforming all of its
> | major trading partners.
> | ...
><https://www.washingtonpost.com/business/2024/01/28/global-economy-gdp-inflation/>
>
> --bks

I don't read articles in the post like this very often. Was very well laid out, sequenced
and edited.

Swill
--
A Republican making sense:
https://www.cnn.com/videos/politics/2023/10/15/sotu-crenshaw-full.cnn

It's really hard to screw up America.
A lot of people have been trying for well over 250 years
but we're still on top. - Dan Crenshaw (R) Texas

GO TRUMP! Go farther . . . FARTHER . . . I CAN STILL HEAR YOU!

Heroyam slava! Glory to the Heroes!

Sláva Ukrajíni! Glory to Ukraine!

Putin tse prezervatyv! Putin is a condom!

Go here to donate to Ukrainian relief.
<https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>