678,000 jobs, unemployment falling to 3.8%

BartenderElite said:
Can you imagine if these were Trump's #'s? Best economy EVER.

And we know, conservatives. "But inflation." Temporary condition.
Click to expand...

I know we had this discussion in another thread but you brought it up here again, the idea that this inflation is temporary. The Fed was telling us it was transitory for awhile until they essentially reversed themselves in December. And now we have the events in Ukraine which will likely push up food and energy prices (i.e. not helping lower inflation). And Powell has not ruled out a 50bps increase over the summer. (The Fed is certainly not all knowing so because they dropped the term doesn't mean they are correct.) I'm curious how long you see this inflation lasting?

And in that regard when you holistically speak about the economy the job and economic growth are coming from the same factors giving us inflation. They don't operate separately of each other. You have a combination of the re-opening of our economy and massive fiscal and monetary stimulus driving all this. Not a rhetorical question, is inflation just going to go away but economic activity will stay the same?
 
good news. I would never tak down an economy (unlike the Dems did for Trump)

We are finally getting the jobs -so PLEASE NO MORE SPENDING

and here is the fly in the ointment

But even with the slowdown, wages have risen at rates well above pre-pandemic trends for months now. This has, in turn, contributed to the overall rise in inflation seen across the U.S. economy, though wages have not kept pace with the rise in consumer price inflation. The Consumer Price Index last rose 7.5% in January over last year — the biggest jump in 40 years.

Taken together, evidence of much stickier-than-expected inflation and a consistently improving labor market have helped make the case for the Federal Reserve to begin raising interest rates and otherwise remove its pandemic-era support mechanisms for the U.S. economy.
Click to expand...
it might be possible to start going after inflation without crashing into a recession
but that also depends on fuel prices and worldwide demands . we'll see
 
cawacko said:
I know we had this discussion in another thread but you brought it up here again, the idea that this inflation is temporary. The Fed was telling us it was transitory for awhile until they essentially reversed themselves in December. And now we have the events in Ukraine which will likely push up food and energy prices (i.e. not helping lower inflation). And Powell has not ruled out a 50bps increase over the summer. (The Fed is certainly not all knowing so because they dropped the term doesn't mean they are correct.) I'm curious how long you see this inflation lasting?

And in that regard when you holistically speak about the economy the job and economic growth are coming from the same factors giving us inflation. They don't operate separately of each other. You have a combination of the re-opening of our economy and massive fiscal and monetary stimulus driving all this. Not a rhetorical question, is inflation just going to go away but economic activity will stay the same?
Click to expand...

In that other discussion, I stated that my definition of "temporary" hasn't really changed. I don't think we have had long-term inflation at this point.

The Ukraine situation is definitely worrying, but if that ends anytime soon, it could be a major boon for the economy in general. It's definitely going to have an effect on the timeframe for inflation, one way or the other.

Regardless, this is a good economy right now, given the circumstances.
 
anatta said:
good news. I would never tak down an economy (unlike the Dems did for Trump)

We are finally getting the jobs -so PLEASE NO MORE SPENDING

and here is the fly in the ointment


it might be possible to start going after inflation without crashing into a recession
but that also depends on fuel prices and worldwide demands . we'll see
Click to expand...

So - "Dems & Trump" is the only situation you can think of where the party out of power "talked the economy down"?

Really?
 
BartenderElite said:
So - "Dems & Trump" is the only situation you can think of where the party out of power "talked the economy down"?
Really?
Click to expand...
did I say that? Pointing to "well everyone does it" didn't your mother teach you early that's not an excuse?
Trump got massive job regrowth without inflation if you want to go that route.

Im just happy we are getting people back to work. No more COVID, no more sitting around collecting checks
But inflation is KILLING people on fixed incomes and reducing wage gains to below income growth

The fed is going to do a bunch of increases -we'll see how it goes. i hope it goes well
 
anatta said:
did I say that? Pointing to "well everyone does it" didn't your mother teach you early that's not an excuse?
Trump got massive job regrowth without inflation if you want to go that route.

Im just happy we are getting people back to work. No more COVID, no more sitting around collecting checks
But inflation is KILLING people on fixed incomes and reducing wage gains to below income growth

The fed is going to do a bunch of increases -we'll see how it goes. i hope it goes well
Click to expand...

Trump left the economy in an utter shambles.
 
So people have a job...but cant afford shit...gas up up up...food up up up ..rent etc up up up

Prices going up with no end in sight
 
BartenderElite said:
Trump left the economy in an utter shambles.
Click to expand...
you are delusional. you dont do research and you resort to sound bites I suggest you educate yourself-
forget even the "red states" do you at least see the "v"

https%3A%2F%2Fd6c748xw2pzm8.cloudfront.net%2Fprod%2F10b5ca20-1dfe-11eb-b2e7-e96d2e23d024-standard.png

https://www.ft.com/content/8126446c-4959-4e87-8c78-3546bbf2ebc2
 
BartenderElite said:
Can you imagine if these were Trump's #'s? Best economy EVER.

And we know, conservatives. "But inflation." Temporary condition.
Click to expand...

Have not gained shit!!!! Those “jobs” are basically a lot of businesses that have been allowed to reopen after being forced to close due to COVID (think gyms, theaters, restaurants, arcades, etc.).

Employment is still down by 2.1 million from its pre-pandemic level in February 2020


Summary: NO new jobs created!
 
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