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Old 05-05-2022, 09:53 AM
 
21,945 posts, read 9,513,063 times
Reputation: 19473

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I am seeing more and more indications of a recession being imminent.
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Old 05-05-2022, 09:53 AM
 
7,817 posts, read 2,902,655 times
Reputation: 4883
Quote:
Originally Posted by James Bond 007 View Post
Without those wages gains, inflation would be crushing wages even more.

HA!


Oh man, ya gotta hand it to 'em. Their obstinance knows no bounds!
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Old 05-05-2022, 09:54 AM
 
Location: Cape Cod
24,502 posts, read 17,245,671 times
Reputation: 35800
Yeah, Biden made the pledge to Build Back Better.. We would have all been better off if he pledged instead to Not Fix what wasn't Broken. This train wreck started on his first day with the stupid and spiteful EO's.



Biden is the worse President ever.
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Old 05-05-2022, 09:54 AM
 
Location: Metro Detroit, Michigan
29,827 posts, read 24,917,786 times
Reputation: 28529
Quote:
Originally Posted by James Bond 007 View Post
Without those wages gains, inflation would be crushing wages even more.

What silly logic. I'm losing, but at least I'm not losing harder.... Geez, no wonder everyone in America wants Trump back now. Winning > losing any day of the week no matter how you try to spin it. And you are definitely no good at the art of the spin.



Democrats are so damn selfish. They will happily throw this country and every legal citizen in it off a cliff, just so their guy can be in the white house.
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Old 05-05-2022, 09:54 AM
 
Location: A Beautiful DEEP RED State
5,632 posts, read 1,769,865 times
Reputation: 3902
Quote:
Originally Posted by James Bond 007 View Post
Without those wages gains, inflation would be crushing wages even more.
Bidenflation certainly is bad. I agree with you about how bad Biden and the Democrats have made inflation, along with everything else.
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Old 05-05-2022, 09:55 AM
 
Location: Kansas City, MISSOURI
20,873 posts, read 9,546,294 times
Reputation: 15598
It's time to go to FRED once again and look at the actual, long-term data:
https://fred.stlouisfed.org/series/PRS85006091

You can see that worker productivity goes negative fairly frequently, including several times that were not in a recession. In fact, during a recession it doesn't always go negative, as shown in the recession of 2007-09, 2001, 1990-91, 1958, 1954 and 1949. In fact, that's the majority of post-war recessions.
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Old 05-05-2022, 09:56 AM
 
Location: Metro Detroit, Michigan
29,827 posts, read 24,917,786 times
Reputation: 28529
Quote:
Originally Posted by Cape Cod Todd View Post
Yeah, Biden made the pledge to Build Back Better.. We would have all been better off if he pledged instead to Not Fix what wasn't Broken. This train wreck started on his first day with the stupid and spiteful EO's.



Biden is the worse President ever.

He's the best gift Putin and Jimmy Carter ever received. All handed to them on a perfect platter of arrogance and stupidity.
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Old 05-05-2022, 10:00 AM
 
Location: A Nation Possessed
25,770 posts, read 18,826,754 times
Reputation: 22616
Quote:
Originally Posted by ConnecticutSir View Post
How many threads do we need on this imaginary talking point?
Is it imaginary when you go to the grocery store as well?

But then, judging from the nature of your posts here the last while, I will postulate that you don't need to go to the store. I will postulate that you are a member of the royalty/elite. And in your universe, everything will always be rosy because you are filthy rich and economic downturns are nothing for you. Just a guess, of course. Meanwhile, in the real world, when a loaf of bread doubles in price it DOES mean something. And what is happening on Wall Street means very little. If you've been buying everyday items with typical income, you'd know that very well right now. But again, I'll conjecture that is not the case. Everything looks rosy in a pair of rose-colored glasses, doesn't it?


Quote:
Originally Posted by James Bond 007 View Post
This is hilarious. The OP hasn't the slightest clue what he's talking about. He doesn't even realize it, but he's actually COMPLAINING about rising wages!
My God. You can't be serious. Talk about math challenged. Well, actually a combination of myopic and math challenged, I guess. You might want to take into account inflation as you are crowing about rising wages.
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Old 05-05-2022, 10:05 AM
 
45,585 posts, read 27,203,264 times
Reputation: 23898
Quote:
Originally Posted by andywire View Post
He's the best gift Putin and Jimmy Carter ever received. All handed to them on a perfect platter of arrogance and stupidity.
You can remove stupidity from the list. That assumes they are actually trying to do good.
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