The Biden Recession Thread

[UpstateNYUPSer(Ret)]

Fed to Inflict More Pain on Economy as It Readies Big Rate Hike

(Bloomberg) -- The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control.Most Read from BloombergSergey Brin Ordered Sale of Musk Investments After Affair: WSJVW Billionaire Clan Plotted CEO Ouster as He Was on US TripFed to Inflict More Pain...

finance.yahoo.com

3/4 to 1 full point.

 

[Thebrownblob]

3/4 to 1 full point.

Grab your ankles

 

[UnionStrong]

3/4 to 1 full point.

No kidding, Sherlock

 

[Wally]

Good luck selling that home.

 

[Thebrownblob]

Good luck selling that home.

Prices will have to drop like a rock in order to afford that new mortgage interest rate

 

[PT Car Washer]

3/4 to 1 full point.

Should really help those of us that actually have a savings account.

 

[Wally]

Should really help those of us that actually have a savings account.

How? Inflation is eating into that savings.

 

[PT Car Washer]

How? Inflation is eating into that savings.

Which is why the Fed is actually stepping up to slow inflation.

 

[UnionStrong]

How? Inflation is eating into that savings.

 

[Wally]

Which is why the Fed is actually stepping up to slow inflation.

Thanks Biden

 

[Thebrownblob]

Which is why the Fed is actually stepping up to slow inflation.

And they’re doing a bang up job don’t you think?

 

[UnionStrong]

And they’re doing a bang up job don’t you think?

He does think that. Too many boosters

 

[BrownFlush]

And don't forget, only an idiot would think it dropped 50 cents a gallon. It's still $2.80 higher than a year or so ago.

 

[Jkloc420]

Yay the Biden recession is here, libs should be proud

 

[BrownFlush]

It's official.
I have yet to hear the new definition, though.

 

[Wally]

View attachment 393735
And don't forget, only an idiot would think it dropped 50 cents a gallon. It's still $2.80 higher than a year or so ago.

Are Democrats seriously saying they lowered gas prices?

 

[BrownFlush]

Yep.
Look for more drops before November.

 

[BrownFlush]

Which is why the Fed is actually stepping up to slow inflation.

When the Fed steps up, everything steps down to a screeching halt.

 

[newfie]

Are Democrats seriously saying they lowered gas prices?

i heard one quote that said releasing the strategic oil reserves and telling gas station owners not to charge too much is the reason prices are dropping. At the same time I heard that quote stories were running that the US sent its reserves to foreign countries.

 

[Wally]

Joe Biden in charge...

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.

www.cnbc.com