Literally just picking big companies, then making up a new self-important name for their group. This kind of thing obscures what's actually going on.
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Apple Leads Tech Sector's Massive $900 Billion Market Loss
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Literally just picking big companies, then making up a new self-important name for their group. This kind of thing obscures what's actually going on.
I guess MacRumors is okay with overt political posting now. The last thing the country needs is a convicted felon who left the economy as a smoking crater in 2020 and encouraged his supporters to stage a coup the last time he lost. We need a grownup in charge, not a disgraced social media has-been.
Seems you've forgotten which party controls Congress.
Actually, the Dow and S&P 500 have performed better under Trump than Biden as of today and with each individual having been in office at month 43. Obama smokes them both though.
DJIA
Biden : +32.5%
Trump : +43.1%
S&P 500
Biden : +32.5%
Trump : +43.1%
As for U.S. debt....
Trump ran up national debt twice as much as Biden: new analysis
and jobs....
Covid stimulus is part of it. The biggest cause of inflation though was the supply chain being all messed up.
High inflation is largely not Biden’s or Trump’s fault, economists say
The big reasons inflation spiked
Inflation has many tentacles. At a high level, hot inflation is largely an issue of mismatched supply and demand.
The pandemic upended the typical dynamics. For one, it disrupted global supply chains.
There were labor shortages: Illness sidelined workers. Child-care centers closed, making it hard for parents to work. Others were worried about getting sick on the job. A decline in immigration also reduced worker supply, economists said.
China shut down factories and cargo ships couldn’t be unloaded at ports, for example, reducing the supply of goods.
Meanwhile, consumers changed their buying patterns.
They bought more physical stuff such as living room furniture and desks for their home offices as they spent more time indoors — a departure from pre-pandemic norms, when Americans tended to spend more money on services such as dining out, travel, and going to movies and concerts.
High demand, which boomed when the U.S. economy reopened broadly, coupled with goods shortages fueled higher prices.
There were other related factors, too.
For example, automakers didn’t have enough semiconductor chips necessary to build cars, while rental car companies sold off their fleets because they didn’t think the recession would be short-lived, making it pricier to rent when the economy rebounded quickly, Wessel said.
As Covid cases were hitting record highs heading into 2022, further disrupting supply chains, Russia’s war in Ukraine “supercharged” inflation by stoking higher prices for commodities such as oil and food around the world, Zandi said.
As a result, global inflation hit a level “higher than seen in several decades,” the International Monetary Fund wrote in October 2022.
“We only have to look at the still high inflation rates in most other advanced economies to see that most of this inflation period was really about global trends ... rather than about the specific policy actions of any given government (though they did of course play some role),” Stephen Brown, deputy chief North America economist at Capital Economics, wrote in an email.
The article is clearly categorized as PRSI so why wouldn't they be okay with political posts, overt or otherwise? That's what this particular forum is supposed to be for after all...
Ah yes, the "felon" who they conveniently waited years to convict until the first election year in which he was running again, and the legal pursuit was spearheaded by a state AG who by the way, ran his whole campaign based on targeting and bringing down his political party's biggest opposition. And these are the same people out there saying we should vote for them because democracy is in peril or something 😂
You sure about that? But I thought we were told that everything bad in 2020 was somehow linked to the big bad 'rona so I'm confused, was it Trump or Fauci's escaped laboratory virus that turned the economy on its head? The narrative has changed so much I just want to make sure I have the most up-to-date version.
When specifically are you referring to? Because for the first half of the Biden/Harris administration - the period that by far saw the most blank checks being written by the government - it was the Dems in charge of both chambers plus the White House, and for the second half it's been (barely) the Republicans which is a moot point anyway since the Dems still hold the senate, thus effectively making most bills dead on arrival that the GOP pass in the House. So really, at worst it's been a stalemate with neither side getting what they want as a result of the congressional deadlock and at best, both parties are to blame for any and all overspending since it would require compromise of some sort to get it all the way through to being fully passed.
Am I the only one who finds this Biden vs Trump in this discussion really alien, really weird? I'd hate to live in a society where every day matters are discussed in such polarizing ways. Sure policy has an impact, but you know what they come and go, the markets will still be there.
Because the article was posted in the less restrictive "Political News" section, some use it as an opportunity to push/express their political views and try to make everything political especially now (election season).
Had this been posted in the "News Discussion" section, it wouldn't have been able to get nearly as political. If you don't like discussions that get too political, my advice would be to avoid the "Political News" section.
Oh I don't mind political, just find that kind of political strange and alien. Comes across like Canon vs Nikon or Playstation vs Xbox, but forgets to talk about the actual subject; photography, games, or what is happening on the stock markets.