JP Morgan Chase CEO warns Bidenflation and high interest may linger and even increase
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Actually
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Posted 4:11 pm, 04/11/2024
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Don't listen to anyone who studies housing issues. They have many links available online about the housing shortage
Just listen to Liar Antithis who says "There is no housing shortage"
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Actually
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Posted 4:04 pm, 04/11/2024
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Antithis is lying again. Says we don't have a housing shortage.
Know anyone who has had trouble finding a home?
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antithesis
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Posted 2:58 pm, 04/11/2024
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Antithis thinks more illegals will help the housing shortage.
I didn't say that... the Fed did. You're welcome to argue with them all you want.
Where will the illegals live? Illegals take housing from Americans Not at all.
There's no housing shortage, the shortage is that we have more people wanting to buy than we have homes to sell. This is proven by the fact that the number of homeless people in the US hasn't really changed... it went down under Obama, then it went up a little under Trump, and so far has stayed steady under Biden.
Since an undocumented immigrant can't buy property, they would have no impact on the number of houses for sale.
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DB Cooper
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Posted 8:40 am, 04/11/2024
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Automobile insurance costs rise at fastest rate in 47 years.
Insurance tech firm Insurify found that auto insurance premium hikes were "largely due to the skyrocketing price of auto parts and the increasing number and severity of claims." And while increases may moderate, analysts still believe further premium hikes are on the horizon. -- Yahoo news.
In other words because of Bidenflation!
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Actually
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Posted 4:51 pm, 04/10/2024
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Antithis thinks more illegals will help the housing shortage.
Stupid
Where will the illegals live?
Illegals take housing from Americans
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DB Cooper
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Posted 8:51 am, 04/10/2024
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Bidenflation comes in hotter than expected in March
US consumer prices came in hotter than expected in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an acceleration from February's 3.2% annual gain in prices. The data matched February's month-over-month increase. Both measures came in ahead of economist forecasts of a 0.3% monthly increase and a 3.4% annual increase, according to data from Bloomberg. The hot print complicates the Federal Reserve's next move on interest rates as the central bank works to bring inflation back down to its 2% target. Fed officials have categorized the path down to 2% as "bumpy." https://finance.yahoo.com/n...24666.html
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DB Cooper
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Posted 8:24 am, 04/10/2024
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USPS likely to raise the price of stamps from .68 to .73 in July.
THANKS, JOE! 
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underdog2
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Posted 8:08 am, 04/10/2024
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I dont give a rats arse about any other country but America, democrats like you cant see past the crack in bidens arse hole.
tribune | Posted 5:10 pm, 04/09/2024 | And yet our inflation problem is far less than almost any other country in the world, why is this?
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Anonymoose
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Posted 10:09 pm, 04/09/2024
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A recent study by FinanceBuzz found that McDonald's prices have increased by 100% since 2014. Ten years ago, the average price of a 10-piece McNugget meal was $5.99. Now, the meal usually goes for $10.99.
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Anonymoose
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Posted 10:04 pm, 04/09/2024
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2016 Arby's roast beef 5 for $5 , 2024 4 for $10
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gandydancer49
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Posted 9:47 pm, 04/09/2024
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Sadly most things are "designed " to keep us on the "short end of the stick " aren't they ? When it comes to the almighty dollar ?
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Anonymoose
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Posted 9:03 pm, 04/09/2024
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Intresting that all my loans interest rates went up and haven't went back down if interest rates have went down
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gandydancer49
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Posted 8:39 pm, 04/09/2024
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Of course you c*ckwombles think it's ALL Joes fault. Ever wonder how many might not have died if one of Moorons first actions was to dismantle the Covid response team Obama formed to try and slow down the epidemic ? Guess he was probably getting a kickback from Clorox ? Just kidding but hope it makes you even prouder of your saint. Might work ? Google how much is the salary of McDonald's ceo ? Don't dare take my word for it
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gandydancer49
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Posted 8:33 pm, 04/09/2024
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Two things first. Guess one should nt believe everything you read and I don't think any of us like inflation. Read an article not long back and one statistic stands out. Of course they're huge, but the ceo of McDonald's averages over $17,000 an hour in salary and benefits ? Several others were close. No wonder Big Macs may be higher ? I needed a part for a four wheeler and called a dealer. Of course it was nt in stock, but they would gladly order. Of course I ask how much ? They weren't positive but would be close to $200. Thought what the heck and checked Amazon (and I'm not a big fan ) but same part was $14.95 plus tax. Same identical piece. If you can, buyer beware How much of this crap is nothing but "greed" ? And the US certainly not the only country with citizens suffering from it.
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tribune
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Posted 5:10 pm, 04/09/2024
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And yet our inflation problem is far less than almost any other country in the world, why is this?
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antithesis
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Posted 5:06 pm, 04/09/2024
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Your GOP op-ed does say that, DB, that's true. But the "new study" they linked never says the word "Biden."
They do say this, though...
"The federal government pumped around $6 trillion into American households during the acute phase of the COVID-19 pandemic."
There were 3 stimulus programs, and the first two were signed by Trump.
And as I've already shown, the Fed primarily blamed it on Trump's tariffs on China and the "more than two year pause in legal immigration."
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DB Cooper
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Posted 4:57 pm, 04/09/2024
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Fed study shows Biden owns our economic disaster
President Joe Biden loves to blame our sky-high inflation on corporate greed and Vladimir Putin. But a new study from the San Francisco Fed shows it was Biden himself who put America on this grim trajectory.
Specifically, it was the massive $1.9 trillion stimulus dumped into the US economy in early 2021 by the president's American Rescue Plan.
Thanks, Joe!
https://nypost.com/2022/04/...-disaster/
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antithesis
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Posted 1:03 pm, 04/09/2024
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This is sort of contradictory.
The Federal Reserve cited that a key reason for the increase in housing costs and one of 4 reasons for hyper inflation is "a more than two-year pause in legal immigration has contributed to labor shortages - we have about 2 1/2 million fewer workers than we would have had."
This reflects on Trump, not Biden.
And they raise the interest rates to slow inflation and the housing cost increases. Then when they hit a plateau where loans are keeping up with demand, they keep it where it is. When they cut rates, that's usually because "the economy is weakening and needs help."
The inflation rate has decreased and is back to a healthy 3% level. I'm not sure why they would cut rates at this point, it would be counterproductive and could potentially reignite the hyper inflation.
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DB Cooper
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Posted 12:39 pm, 04/09/2024
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JPMorgan Chase (JPM) CEO Jamie Dimon said in a new shareholder letter Monday that he is worried about a number of risks to a resilient US economy that could "lead to stickier inflation and higher rates than markets expect."
He cited large amounts of government spending and efforts by the Federal Reserve to shrink its balance sheet as well as the ongoing wars in the Middle East and Ukraine and their potential to disrupt essential commodities markets, migration, and geopolitical relationships.
"These significant and somewhat unprecedented forces cause us to remain cautious," he added, noting that the bank is prepared for interest rates "from 2% to 8% or even more."
https://finance.yahoo.com/n...29136.html
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