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Grim Affiliations
Bloomberg Television
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Comments by "Grim Affiliations" (@grimaffiliations3671) on "Bloomberg Television" channel.
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Longest stretch with sub 4% unemployment in 50 years, highest new factory investment in 20 years, inflation at sub 3%, GDP growth over the year back to pre pandemic trend. Dark Brandon doesn't mess around
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Biden Boom continues
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maybe read the report?
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@martinl5766 He knows, he's just trying to cope with bolsonaro's loss
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@jamesbaxter222 i remeber Trump bragging about 3% 😅
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Last couple of months saw big upward revisions. Including this report
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@drscopeify it matters a lot to the people in these comments. Inflation will be a huge problem unless and until trump gets elected
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The market must be excited about a Kamala Walz administration
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@eegernades true, didn't expect Biden to do so much better on bringing back manufacturing than Trump, but then again its not that hard to beat Trump when he actually lost manufacturing jobs
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it's now pretty clear that high interest rates are stimulating the economy. They need to cut and stop paying all that extra interest money to bond holders
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@inaslump we're growing at a rate identical to Trump's pre pandemic economy lol
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same. Longest stretch with sub 4% unemployment in 50 years, highest new factory investment in 20 years, inflation at sub 3%, GDP growth over the year back to pre pandemic trend. Dark Brandon doesn't mess around
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wages are up more than inflation too in this report
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prices actually came down at mine
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@Dendo-rf6yl You can survive this inflation, but you will not survive dollarizing your currnency. Becoming dependent on the US dollar is what put you in this terrible position to begin with. Milei's plan is a disaster
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yeah, no ones saying there's deflation, just that there's disinflation
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No need, the PCE Inflation number was 2.4% on this report
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Healthcare that isn’t linked to your employer would be pretty convenient too
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@D.A.OhK. i think he's making fun of the dumb recession crowd
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why not? Rehiring indicates the same thing as a first time hire, that the economy is doing well
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@zachbase1124 nonsense. We recovered all the jobs lost to covid 2 years ago
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And the even crazier news is that PCE inflation only grew 2.4% on the same report
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if you're including legal immigrants then the vast majority
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This soft landing will be studied for decades
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initial jobless claims is definitely the measure to look at
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nonsense
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only 31k way below the average for the year
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@valetudo1569 ? i was talking to the original poster
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We now know inflation was up due to supply shocks associated with covid and the war in Ukraine. If it was due to spending, we would have had to see growth fall, and unemployment rise to get inflation to come down. But Growth has remained strong, unemployment has remained low and inflation has still plummeted
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@Rob-fx2dw 4.9% growth is not strong? Give me some of what your smoking. And we're seeing a boom in structures investment unlike anything we've seen in recent US history so i don't know what you're talking about on that front either
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@Rob-fx2dw q4 or 4 of last year. And growth has been going very well since then, we just printed 2.8% for this past quarter
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Don't lump MMT in with that neoliberal nonsense. MMT doesn't just say "print more". It says print only when there is spare capacity in the economy, and do so for the public good and to achieve full employment i.e Education, Infrastructure, R&d, a safety net etc.
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already just 3%
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Trying to dollarize the economy should get Milei exiled
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no, the numbers also show prices up a lot from a few years ago. This report is talking about the previous month. Also the share of people working multiple jobs is at pre-pandemic levels
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@johannderjager4146 yes, obviously. no one is saying inflation fell back to it's pre covid levels, inflation measures the rise in prices, not the absolute price level. The goal is to keep the rise low, so that wages can keep up, which they have been doing
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why would they even revise the 800k in the first place if they just lie?
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hahahaa cope
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this soft landing will be studied for decades
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.79%
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Why would the gov wanna do that? They obviously want to be reelected
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The money is being printed dummy, it’s not being payed for through your lousy taxes. Newsflash, the government doesn’t need your taxes
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how is it a lie, becasue it doesnt align with your fee fees?
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@johannderjager4146 what you described is not at odds with the data
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@johannderjager4146 they're presenting the numbers, how you interpret it is up to you. Again, no one is disputing a net gain in prices, they're just pointing out that we are experiencing a slow down in the rate at which prices rise
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how so? We've been adding jobs like crazy for years now
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No, 4.9% In Q3
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@spaceballs72 What are you talking about? These are Q3 numbers. You people are clueless
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@spaceballs72 Annualized just means the data is seasonally adjusted
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turns out it was transitory
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