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Halls of Shrewd'm / US Policy
No. of Recommendations: 9
POWELL: "In the near term, risks to inflation are tilted to the upside, and risks to employment to the downside -- a challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals."
What Powell is describing is stagflation but he simply cannot bring himself to say that word.
No. of Recommendations: 2
What Powell is describing is stagflation but he simply cannot bring himself to say that word.
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stagflation pfffft. I put stagflation on my cornflakes.
Back when Trump was announcing his wise and inspired tariff program, you liberals were guaranteeing financial Armageddon, the end of of times for our economy and our way of life.
So, where is the depression that you promised? You haven't even got a mild recession going. And now all you offer up is stagflation as a hollow substitute for the suffering you promised under Trumps fiscal policies. pffft.
No. of Recommendations: 4
So, where is the recession that you promised?
Fixed that. Well, Biden did such a fantastically great job with the economy, that its harder to trigger a recession now, specially when Trump Tacos all the time. I hear the ranchers love ordering in beef from Argentina. Who is it we sell soybeans too now? I forgot. I keep hearing this economy is not as stable as it looks and Trump chaos doesn't help, but here's hoping it never materializes.
No. of Recommendations: 9
So, where is the recession that you promised?LOL Give it a minute...
"The top 10% of U.S. households now account for half of all consumer spending, a record high since data collection on this metric began in 1989."
"The figures help to explain how the economy has remained afloat and avoided recession amid a substantial decline in hiring, rising debt delinquencies and stubborn inflation
that is straining many households."
"The economy’s prospects are tethered to the fortunes and spending of the well-to-do, If they turn more cautious in their spending, for whatever reason, the economy will suffer a recession."
https://www.bloomberg.com/news/articles/2025-09-16...
No. of Recommendations: 13
So, where is the depression that you promised? You haven't even got a mild recession going. -BHM
Hey Mike, Who "promised" a depression?
A far better question is, where is that prosperity that you promised?
See BHM Post #22198.
No. of Recommendations: 3
"The figures help to explain how the economy has remained afloat and avoided recession - Banksy
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All I know I was promised a recession and you didn't deliver...
No. of Recommendations: 3
All I know I was promised a recession and you didn't deliver...
They *did* deliver riots and violence, so they at least get partial credit!
No. of Recommendations: 14
They *did* deliver riots and violence, so they at least get partial credit!-TheBoardDope
Riots? Laughable...
Now be quiet the adults are talking.
No. of Recommendations: 11
bighairymike: Back when Trump was announcing his wise and inspired tariff program, you liberals were guaranteeing financial Armageddon, the end of of times for our economy and our way of life.
So, where is the depression that you promised?
Wise and inspired?
Hilarious.
Ever heard of TACO Tuesday?
Besides, no one predicted a "depression". 16 Nobel-Prize-winning economists warned that Trump’s policies could “re-ignite inflation,” though. And that's beginning to happen. Or have you not purchased groceries lately. Or paid for energy.
And take a look around. GM is laying off 3300 and has downsized to single shifts. 30,000 at Amazon. 2000 at Paramount. According to Challenger, Gray & Christmas, U.S.-based employers announced around one million job cuts so far this year. And temporary hiring is predicted to be down this holiday season. And didn't we just paint negative jobs growth last month?
Companies not levered to AI are setting 52-week lows, missing revenue projections, or issuing warnings or guidance cuts.
Entry-level residential construction is in recession.
Iowa is in recession (6.1% drop in GDP).
Atlanta apartment construction is in recession.
Film and TV production in Atlanta is in recession.
Wages are stagnant, rents higher, inflation rising, jobs growth falling.
Recession may not be everywhere but it's coming.
Dope1: They *did* deliver riots and violence, so they at least get partial credit!
Are those riots and that violence happening in the room with you right now?
No. of Recommendations: 4
Besides, no one predicted a "depression". - CO
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LOL I saw clip of Pritzker today where he was saying the he never referred to Trump as Hitler.
No. of Recommendations: 5
I saw clip of Pritzker today where he was saying the he never referred to Trump as Hitler
Then all you have to do is find an instance when he did refer to Trump as Hitler.
Direct quote or video will do nicely.
No. of Recommendations: 3
LOL I saw clip of Pritzker today where he was saying the he never referred to Trump as Hitler.
And every other post on this board is "Trump destroyed" (past tense) the US Economy. You couldn't make liberals up if you tried.
No. of Recommendations: 4
Then all you have to do is find an instance when he did refer to Trump as Hitler.
Direct quote or video will do nicely.I'm you're Huckleberry.
https://www.yahoo.com/news/articles/jb-pritzker-co...
Pritzker, a moment earlier, said he knows Republicans do not like it when he compares the Trump administration to Nazi Germany, but defended the comparison by saying he knows a lot about the topic after having helped build a Holocaust Museum in Chicago.
“I can tell you, sitting next to Holocaust survivors, that what they will say in this moment is ‘This is what happened. This is what happened — people’s rights started getting taken away. People got accused of being immigrants’ — this is before the Holocaust really took place,” he said.This was like 7 days ago, lololololol. Guy can't keep his lies or gaslighting straight.
No. of Recommendations: 6
Originally I was one talking about stagflation and recession. I don't currently see that any more as things have clearly changed.
Those that shop at Walmart are worse off now than a year ago. OTOH, those that shop at whole foods are doing extremely well. As mentioned in another post the top 10% now account for 50% of spending. Eventually, that top 10% will have "backfilled" their wish lists and that spending will ease.
I don't know where things will be a year from now, but things are certainly being primed for some sort of revolution.
As an aside, recession is now a very local phenomena with some states already in trouble while others are doing very well.
The divide between the rich and the poor is growing rapidly.
Alan
No. of Recommendations: 7
So, where is the depression that you promised?
Patience grasshopper.
The U.S. government is expected to lose about 300,000 jobs by the end of 2025.
GM is laying off 1,700 workers.
Paramount is laying off 2,000.
Amazon is cutting 14,000 corporate jobs.
UPS is cutting 48,000 jobs this year.
Target is eliminating 1,800 jobs.
Intel announced a workforce reduction of about 24,000.
Microsoft is laying off 15,000 workers.
P&G 7,000 jobs.
Housing starts in Aug 2025 dropped 6% from Aug 2024.
Grocery prices keep climbing and climbing.
As of mid-2025, total bankruptcy filings in the U.S. were up 10–13% compared to 2024.
HealthCare insurance will be increasing an average of about 30 percent for a typical plan in the 30 states where the federal government manages markets and an average of 17 percent in states that run their own markets.
Trade wars continue. China is playing Trump like a fiddle.
By July 2025, the total number of farm bankruptcy filings had already surpassed the total for all of 2024. It is expected a $12 billion bail out will be needed. Heck, I’m old enough to remember when Republicans claimed to be fiscally responsible.
The economy is being held up by AI spending (which will create more jobs losses) and spending by the top 10% of Americans (of which I expect the majority of posters on this board are part of).
Depression? I sure hope not. Bubble? I think we’re in one.
A divisive president surrounded by mostly incompetent sycophants is not making me feel warm and fuzzy about the economy. It would be helpful if the Republicans in Congress actually grew a set of balls. Not counting on that either. Plus, Mini Mike has the House on an extended vacation.
When Powell leaves, all bets are off.
Trump is very good about helping himself, not so good when it comes to helping ordinary Americans. Let them eat cake.
No. of Recommendations: 3
Those that shop at Walmart are worse off now than a year ago. No, they're not.
https://people.com/walmart-ceo-announces-return-of...And I did a comparison the other day showing turkey to be lower now than in the last 4 or 5 years.
Walmart CEO and president John Furner is bringing shoppers a deal with some impressive savings ahead of Thanksgiving
The box store is bringing back its Thanksgiving Savings Basket for a third year, and it's at a better price than it was in 2024
The deal includes a 13.5 Butterball Turkey with a price point the lowest it's been since 2019
No. of Recommendations: 13
LOL I saw clip of Pritzker today where he was saying the he never referred to Trump as Hitler.
At least Pritzker has the smarts to only compare what Trump is doing to various policies of the Hitler regime. Leaving you to draw your own conclusions.
In contrast, JD Vance called Donald Trump cultural heroin, and he literally called him "America’s Hitler".
No. of Recommendations: 1
Eventually, that top 10% will have "backfilled" their wish lists and that spending will ease.
The ultra wealthy sociopaths NEVER can have enough. It's about power at a certain point, much more than money. So many examples.
No. of Recommendations: 1
By July 2025, the total number of farm bankruptcy filings
Cheap land! More opportunities for the oligarch class.
The largest private landowners in the US West are the Emmerson family, John Malone, and Stan Kroenke, who own vast tracts of land primarily for timber and ranching. Other major holders include Ted Turner, who owns large ranches, and the Reed family, who manage significant timberland.
Bill Gates owns land across the United States, primarily for investment, with his largest holdings in Louisiana, Arkansas, and Nebraska. He owns over 268,000 acres of U.S. farmland spread across 19 states and also has land in other states like Arizona and Florida. Additionally, he owns property in locations with homes, such as Washington and California.
Turn those MAGA farmers into sharecroppers. Happy days are here again!
No. of Recommendations: 5
In contrast, JD Vance called Donald Trump cultural heroin, and he literally called him "America’s Hitler".
What we didn't understand at the time was that JD considered this high praise for Trump./s
No. of Recommendations: 3
Most ordinary people, especially those who reside or have to work in Deep Blue Democrat controlled urban regions,have far more to be concerned about by the many non-wealthy sociopaths who inhabit those regions.
No. of Recommendations: 12
Most ordinary people, especially those who reside or have to work in Deep Blue Democrat controlled urban regions,have far more to be concerned about by the many non-wealthy sociopaths who inhabit those regions.
I have no idea what you’re talking about and I suspect you don’t either.
No. of Recommendations: 6
bighairymike: All I know I was promised a recession and you didn't deliver...
Here you go.
Secretary of the Treasury BESSENT, this morning: I think we're in good shape, but I think that there are sectors of the economy that are in recession.
No. of Recommendations: 4
In reality, 2025 1st qtr. GDP was (0.6); 2nd was 3.8%; 3rd is estimated to be 3.9% by the Atlanta Fed; and 4th qtr is projected to be 1.5% - 2.0% (all annualized).
so
For full year 2025, this works out to a positive GDP grown rate of 2.175% for the full year.
Since the official definition of a recession is 2 consecutive quarters of negative GDP growth, you're going to have to wait until at least sometime in July 2026, when the 2nd quarter 2026 reports come out, before you can hope to claim that a recession has occurred.
The bizarre part is that you're hoping for a recession, undoubtedly so the Dems win the midterm elections.
Progressive values.
No. of Recommendations: 8
Me: Secretary of the Treasury BESSENT, this morning: I think we're in good shape, but I think that there are sectors of the economy that are in recession.
Marco100: Since the official definition of a recession is 2 consecutive quarters of negative GDP growth, you're going to have to wait until at least sometime in July 2026, when the 2nd quarter 2026 reports come out, before you can hope to claim that a recession has occurred.
Something you don't understand about the word 'sectors'?
But yeah, sure, no doubt you're better informed than the Secretary of the Treasury.
No. of Recommendations: 3
You quote Bessent as stating: "I think we're in good shape."
That really grinds your gears, doesn't it. LOL.
No. of Recommendations: 15
Walmart CEO and president John Furner is bringing shoppers a deal with some impressive savings ahead of Thanksgiving
The box store is bringing back its Thanksgiving Savings Basket for a third year, and it's at a better price than it was in 2024
The deal includes a 13.5 Butterball Turkey with a price point the lowest it's been since 2019 ~DopeThe Dope gets duped again, same as everyday...
"Walmart’s 2025 Thanksgiving meal includes only 15 items, compared to 21 in 2024 and that many name-brand products were swapped for cheaper Great Value alternatives."
"The Turkey cost nine cents more compared to last year, and 2024 items like a premade pie, cranberry sauce and onions were dropped entirely."
Trump taking a victory lap because Walmart made their Thanksgiving meal smaller and crappier (and hence cheaper) is perfect!
https://www.nj.com/politics/2025/11/trump-just-bra...
