Major U.S. stock indexes on track to close out one of their best years on record.

Schatz is largely right: Under Biden, the American economy has recovered from its Trump-era lows with remarkable speed. Just a year ago, the unemployment rate sat stubbornly at 6.7 percent. Today, only 4.2 percent of Americans are out of work. Similar economic recoveries have normally taken three times as long. The Biden administration is delivering on the fastest sustained economic recovery in American history, yet its messaging struggles to tell that story.
 
More important for Democrats is that this isn't a "paper recovery," where unemployment rates fall because more Americans simply give up looking for work. Much to Democrats' relief, the opposite is true for the Biden recovery. The labor force participation rate, the percentage of Americans 16 and older who are working or actively looking for work, just hit pre-pandemic levels. That's a hugely reassuring development for analysts who initially feared the global pandemic would be a drag on the labor force rate for years to come.
 
evince said:
https://www.google.com/amp/s/thehil...st-economic-recovery-in-history-why-hasnt?amp



December 09, 2021 - 08:30 AM EST
Biden is delivering the fastest economic recovery in history. Why hasn't anyone noticed?
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Republicans want voters to think of their economic gains as temporary and the inflation pinch as permanent. They get the story exactly backwards. That hasn't stopped some conservative outlets from crafting the bogus narrative that inflation is a result of Democratic spending priorities - not a side effect of an economy rapidly expanding after a year with its head held underwater. They also fail to mention that wages recently rose by the largest amount in two decades, and American workers will still be pocketing those gains when our post-coronavirus economic supercharge wears off and inflation drops back to regular levels.
 
Joe Capitalist said:
Dow and S&P 500 Cap Blockbuster Year—major U.S. indexes remaining on track to close out one of their best years on record.
Futures for the Dow Jones Industrial Average indicated an open less than 30 points or 0.1% lower after slipping 90 points Thursday to close at 36,398—just shy of the all-time high of 36,488 reached at the close Wednesday.
It has been a tremendous year for stocks—and one for the history books. The S&P 500’s performance in 2021 lands in the top fifth of years dating back to 1927, with the Dow placing in the top third of years as far back as 1896.
By the numbers, the Dow and S&P 500 have climbed around 19% and 27% over the past 12 months, respectively, as investors head into New Year’s Eve—typically one of the quietest days of the year for markets. Trading has been subdued over the holiday period, with Tuesday and Wednesday among the lowest trading-volume days of 2021.
The past year has taken investors on a ride that included ‘meme-stock’ frenzies, the best bull run for oil prices in more than a decade, and a stunning surge in the value of cryptocurrencies such as Bitcoin, among other trends.
“Bottom line, 2021 again demonstrated that economic stimulus from central banks and governments, combined with incredibly strong corporate performance amidst multidecade high inflation, led to a very strong year of returns for 2021 and again negated the pandemic from a performance standpoint,” Tom Essaye, founder of Sevens Report research, told Barron’s.

It has been a tremendous year for stocks—and one for the history books. The S&P 500’s performance in 2021 lands in the top fifth of years dating back to 1927, with the Dow placing in the top third of years as far back as 1896.
By the numbers, the Dow and S&P 500 have climbed around 19% and 27% over the past 12 months, respectively, as investors head into New Year’s Eve.

GOD BLESS PRESIDENT BIDEN AND VP KAMALA HARRIS!!!
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Ah....nothing like the empty profit due to inflation. Fuck Biden.
 
Celticguy said:
and pretty soon the bottom will fall out...

https://dnyuz.com/2021/12/31/the-feds-moves-pumped-up-stocks-in-2022-it-may-pull-the-plug/
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https://www.google.com/amp/s/mediabiasfactcheck.com/dnyuz/?amp=1




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evince said:
It’s a tool


Like all other things that we use to manage capitalism


Why do you trash success?
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Why do you support your tax dollars going to share buybacks by corporations that are sitting on record amounts of cash?
 
Jack said:
Who do you think gains by higher prices? Yes, that's right. Those that control the Means of Production. (The Shareholding Class)
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No one gains by higher prices.

Inflation means prices are going up, for the government as well as for anyone else.
 
Althea said:
Why do you support your tax dollars going to share buybacks by corporations that are sitting on record amounts of cash?
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Why are you trashing success for the people?


There are economic tools we have to correct the direction of the economy


This is a good recovery


Non recovery is bad
 
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