Are we finally out of the Obama economy?

[Darth Omar]

More good news for Main Street is more bad news for Wall Street.

U.S. inflation came in at 2.1% in January compared with a year earlier, another sign that wages are rising for workers. The rise in consumer prices was higher than economists expected.

In the big picture, it's a welcome sign that reflects the health of the economy. Wages and prices have been stagnant for years following the Great Recession, even as unemployment has fallen and millions of jobs have been created added.

http://money.cnn.com/2018/02/14/news/economy/us-inflation/index.html
_____________

CNN dutifully lets Obama off the hook lol.

But now that the Obama economy has been reversed, it’s good news/ bad news: good news for workers and bad news for the Market. The Market will probably be volatile in the short term but working class voters are going to like it.

And ‘working class’ subsumes race and gender. Unless they aren’t working, but that’s another issue.

 

[Bourbon]

[h=1]Wall Street might not like this: Inflation rises 2.1 percent, faster than expected[/h]



Source: Washington Post

The Consumer Price Index, which measures how quickly prices are going up in the U.S. economy, rose at a faster than anticipated 2.1 percent in January compared to a year ago, triggering fears of another rocky run on Wall Street.

The monthly Labor Department report on the price of everything from gas to groceries was closely watched Wednesday, with Wall Street investors suddenly very concerned about inflation.

The stock market sell-off earlier this month that caused the Dow to fall over 1,000 points in a single day began after a Labor Department report showed wages grew at a better-than-expected pace in January.

Now another key gauge of inflation -- CPI -- is showing a similar upward trend. Inflation around 2 percent is still very low, but Wall Street traders fear that this could be the beginning of a quick run up in wages and prices.

Read more: https://www.washingtonpost.com/news...-faster-than-expected/?utm_term=.2c15305bd9ad

There were 2 days that had a 1000+ drop - Feb. 5th & Feb. 8th

The Dow Jones plunged more than 1,000 points on Thursday in another volatile day for the stock market. It was the second-worst single-day point drop in history, beaten only by the record set after this Monday’s 1,175-point drop.

The Dow’s tumble of 1,033 points on Thursday officially marks a stock market correction, which means the market is down 10 percent from its previous high.

https://www.vox.com/policy-and-poli.../dow-down-1000-points-stock-market-correction

 

[Darth Omar]

^Inflation is going up because wages are going up. It’s a natural economic consequence.

Should we go back to depressing wages like under Obama lol?

 

[Bourbon]

^Inflation is going up because wages are going up. It’s a natural economic consequence.

Should we go back to depressing wages like under Obama lol?

Call me "after" Trump's Economy has 75 Months of Positive Job Growth.

 

[Darth Omar]

Call me "after" Trump's Economy has 75 Months of Positive Job Growth.

What kind of jobs were they lol?

 

[Darth Omar]

And you ducked my question.

 

[Bourbon]

What kind of jobs were they lol?

They were Jobs were you get paid for providing a service or labor ... period! Private Sector Jobs

Would you prefer the Government be the employer?

 

[archives]

Inflation is creeping up because there is to much money in circulation, dumb tax cut, not necessarily cost push, and if you think it is so good I'd like to see you explain that to those senior citizens, many Trumpkins, who are living on fixed incomes

 

[CFM]

Call me "after" Trump's Economy has 75 Months of Positive Job Growth.

Yet average hourly earnings dropped significantly under Obama, the labor force participation rate bottomed out, and Obama is still somewhere in the middle when it comes to job creation falling 4.5% below Reagan.

 

[CFM]

They were Jobs were you get paid for providing a service or labor ... period! Private Sector Jobs

Would you prefer the Government be the employer?

They were jobs where despite working millions more relied on taxpayers to feed them with food stamps, In other words, Obama took credit for creating jobs that when it came to those jobs being able to provide for someone, they couldn't. Got it.

 

[Darth Omar]

Inflation is creeping up because there is to much money in circulation, dumb tax cut, not necessarily cost push, and if you think it is so good I'd like to see you explain that to those senior citizens, many Trumpkins, who are living on fixed incomes

And there’s more money in circulation because more is being spent by consumers—because wages are up.

Wages were stagnant under Obama.

I’ll ask you the same question I asked your liquor buddy: should we go back to stagnant wages to help Wall Street out and do away with the ‘happy problem’, so to speak?

 

[dukkha]

And there’s more money in circulation because more is being spent by consumers—because wages are up.

Wages were stagnant under Obama.

I’ll ask you the same question I asked your liquor buddy: should we go back to stagnant wages to help Wall Street out and do away with the ‘happy problem’, so to speak?

don't expect an honest answer here.
All the good stuff comes from Obama, all the bad stuff from Trump-they seriously think that way.

 

[Bourbon]

I agree ... it's much better to change the subject away from 75 Months of Positive Private Sector Job Growth after a Republican Crash.

 

[archives]

Yet average hourly earnings dropped significantly under Obama, the labor force participation rate bottomed out, and Obama is still somewhere in the middle when it comes to job creation falling 4.5% below Reagan.

Of course they did, we were coming out of a historical recession, and what ever happen to that labor participation rate, conservatives echoed it for eight years, and now, seemingly forgotten

 

[CFM]

I agree ... it's much better to change the subject away from 75 Months of Positive Private Sector Job Growth after a Republican Crash.

View attachment 5935

You mean like you ignoring that a record number were on food stamps during the Obama administration at a time when he claimed jobs were being created?

 

[Bourbon]

Call me when you get one of these ....

 

[CFM]

Of course they did, we were coming out of a historical recession, and what ever happen to that labor participation rate, conservatives echoed it for eight years, and now, seemingly forgotten

You simply can't stop kissing his black ass can you, NL?

 

[archives]

And there’s more money in circulation because more is being spent by consumers—because wages are up.

Wages were stagnant under Obama.

I’ll ask you the same question I asked your liquor buddy: should we go back to stagnant wages to help Wall Street out and do away with the ‘happy problem’, so to speak?

Obvious you skipped economics in high school, have you noticed the value of the dollar and level of real purchasing power, inflation, caused by too much currency, is never a good thing, well, unless you are rich and own a lot of real estate carrying existing mortgages

And is this Obama's economy, no, it's Trump's, who inherited the advancing economy from Obama, what you are doing is comparable to giving the substituted fullback credit for the score because he ran the ball in from the one after the Quarterback took them the length of the field.

Trump only success is not blowing the economy he inherited, but he has only been at it one year

 

[archives]

You simply can't stop kissing his black ass can you, NL?

I'm just providing the facts, not my problem they don't fit the scenario you would like to think was real

 

[katzgar]

I see we have another thread by deplorables determined to prove their stupidity