KillingtonZone.com

US economy added 531,000 jobs in October, beating expectations. Unemployment rate down to 4.6 (was 6.3% when Biden took office).

Trump wrote:If Biden gets in, this market’s going to crash like you’ve never seen before.

Oh? I thought Rome was burning? Honestly if this keeps up, in three years no one will remember Biden's early screw ups and his job approval rating will go up.

Biden said the tiny increase in wages outpaced his hyper inflation costs


This is an outright LIE

DOW hits new high today.

Inflation is a concern, but not dire. We saw inflation during the 2008 recovery and then what happened? Dropped through the floor before leveling off at 2/2.5%.

XtremeJibber2001 wrote: ↑Nov 5th, '21, 12:51 DOW hits new high today.

Inflation is a concern, but not dire. We saw inflation during the 2008 recovery and then what happened? Dropped through the floor before leveling off at 2/2.5%.

Inflation = too much demand chasing too little supply. It's not abnormal in a rapidly improving economy, especially when the economy had been in the tank due to the pandemic.

wth economy 101 inflation outpaces wages and people LOSE money you people need to back to school

On Wednesday Biden said that given illegals $450,000 a garbage report and is not true and wii not happen.


Yesterday he says it is a true report


Biden can’t tell the truth to save his own life.

Bubba wrote: ↑Nov 5th, '21, 15:23

XtremeJibber2001 wrote: ↑Nov 5th, '21, 12:51 DOW hits new high today.

Inflation is a concern, but not dire. We saw inflation during the 2008 recovery and then what happened? Dropped through the floor before leveling off at 2/2.5%.

Inflation = too much demand chasing too little supply. It's not abnormal in a rapidly improving economy, especially when the economy had been in the tank due to the pandemic.

You also have to wonder how much of this inflation is due to supply chain issues stemming from the pandemic.

Biden down to 38% approval and falling


LOL. LETS GO BRANDON!

easyrider16 wrote: ↑Nov 8th, '21, 05:45

Bubba wrote: ↑Nov 5th, '21, 15:23

XtremeJibber2001 wrote: ↑Nov 5th, '21, 12:51 DOW hits new high today.

Inflation is a concern, but not dire. We saw inflation during the 2008 recovery and then what happened? Dropped through the floor before leveling off at 2/2.5%.

Inflation = too much demand chasing too little supply. It's not abnormal in a rapidly improving economy, especially when the economy had been in the tank due to the pandemic.

You also have to wonder how much of this inflation is due to supply chain issues stemming from the pandemic.

Probably most of it? It's creating supply shortages. Downsides of just in time inventory is on full display.

VP HARRIS APPROVAL RATINGS DOWN TO HER KNEES AT 27.8% LOL!!!

The consumer price index is expected to have risen nearly 6% in October, the most in three decades. Inflation could remain elevated into early next year, as rents and other costs continue to increase.

The Labor Department will report the latest CPI reading Wednesday at 8:30 a.m. ET. Economists polled by Dow Jones are expecting a jump of 0.6%, or a year-over-year gain of 5.9%. On a core basis, excluding food and energy, economists expect a gain of 0.4% or 4.3% year over year.

“There’s a risk it could be even higher,” Grant Thornton chief economist Diane Swonk said.

“We’ve got some unusual distortions with used car prices, airfares going up and hotel room rates rising,” she added. “You could get some surge prices in services, at the same time you had a snapback in used car prices and new car prices also went up because demand went up with the flooding” from summer hurricanes.

Used car prices were a culprit behind rising inflation in the spring. They fell down in the summer and declined last month, but they could begin to rise again, Swonk said.

If the CPI reaches 5.9%, it would be the biggest year-over-year gain since December 1990. Consumer prices were 5.4% in September year over year.

CNBC BTW