>>1490477
The economy is booming though, it's just parts of the job market they are lagging
https://abcnews.com/Business/wireStory/economy-booming-job-market-lagging-130050384

ITS NOT A RECESSION UNLESS ITS DECLARED BY THE FEDERAL GOVERMMENT OTHERWISE ITS JUST SPARKLING POVERTY

>>1490480
No the economy sucks and the bullshit stock market ir being propped up by AI scams

>>1490480
OpenAI, Nvidia, and Microsoft handing the same sloppy wet bucket of cash around in a circle is not an economy.

>>1490482
Thanks, Biden

Ah yes the biden economy with the biden tarrifs that still hasn't recovered from when biden cut taxes on the rich /s

>>1490482
Recessions aren't even real. We have priced in all recessions until the end of time. In fact, we're doing better than ever.

>>1490514
Seems that way. Poor just get poorer and poorer till they die off. Can always import infinity Indians if replacements are necessary.

>>1490513
Kek. Good point.

Biden and TRUMP APPOINTED fed chair Powell soft landed the whole Covid economy and had a couple years of strong hiring.

Trump did tariff's, federal layoffs that have flooded the public sector, and various schemes to make himself richer.

The Treasury Yield Curve inverting recently is a sign of the coming "Trump Recession."

>>1490513
>>1486447
When Biden had record inflation, it was all Trump's fault
But anything bad that happens while TRUMP is president is entirely his fault

>>1490594
Probably because it is.

>>1490594
My favorite word is Tariffs. It's a beautiful word, Tariffs. And it's going to help the American people win. They're going to win so much they will be tired of winning. And they'll say Donald how do you win so much? And I'll say one word: Tariffs.

>>1490594
Job loss and instability IS Trumps fault.

"Your fired" is literally a catch phrase he's well known for.

>>1490608
Biden loved tariffs
www.bbc.com/news/business-69004520
>The tariffs announced on Tuesday will hit an estimated $18bn worth of imports, the White House said.

>As well as a rise from 25% to 100% on electric vehicle tariffs, levies on solar cells will increase from 25% to 50%.

>Tariff rates on certain steel and aluminium products will more than triple to 25%, up from 7.5% or less.
Which is really weird because I thought Biden wanted more people to drive electric cars, wouldn't putting a 100% tariff on electric cars make them unaffordable?

>>1490618
Stable tariffs aren't a bad thing.

Tariffs swung around like a dick, being used for non-economic purposes to try and coerce other actors into political action, is.

Anytime you use an economic tool for a non-economic purpose, you can expect negative externalities.

>>1490618
Biden actually knew that you can't slap universal tariffs on everything whenever you want a country to do something. Tariffs themselves aren't the problem, it's how retarded and uncaring Trump has been with throwing them around. They're good as a scalpel not as a hammer.

>>1490624
>Biden actually knew that you can't slap universal tariffs on everything whenever you want a country to do something.
He embargoed the second largest exporter of oil in the world and then panicked when the price of gas skyrocketed.

>>1490624
How was Biden using the scalpel when he put a 100% tariff on Chinese EVs?
It seems like classic "Let them eat cake", "let them drive teslas". He was encouraging people to switch from ICE vehicles to EVs, but discourages people from buying Chinese EVs when a US EV costs $60,000 and a Chinese EV costs $30,000. So only rich people can buy cars. Making automobile ownership untenable for lower classes

>>1490628
Yeah there's a difference between tariffs on one specific form of product and literally every material and good coming out of the fucking country.

>>1490618
Good post

>>1490628
There are many US made electric cars that are not Teslas. Biden, or any politician, protecting American auto manufacturing isn't a bad thing.

I don't want to drive a chinese car especially one full of data collection tools. Even less so for any chinese car that has automated driving capacities in the future. I don't trust them.

>>1490627
>and then panicked when the price of gas skyrocketed.
i clearly remember him saying that the price of gas will go up because of the russia embargo, there was no panic at all. he was actually a chad over it.

>>1490628
that's one product from a country. not EVERY product from the country. chinese EVs would have decimated the entire automotive industry in america.

>>1490632
The post was retarded just like you.

>>1490635
>chinese EVs would have decimated the entire automotive industry in america.
That would be fine. It was more to prevent Chinese EV's from being subsidized by our EV tax credit.

>>1490638
China is pumping out these cheap EV's to destroy all other auto manufacturers and to spy on everyone.

>>1490637
Kek

>>1490480
Fucking loser the stock market doesnt reflect the real world. Hasn't in a long time.

>>1490712
Not only that, we're in an AI bubble. Nvidia is investing a lot of money into AI firms, which are turning around and buying their cards, which is moving money and creating hype to the tune of about a quarter of the value of the stock market. When people realize this is smoke and mirrors, we're going to have a he'll of a crash. They're probably going to ask for government bailouts too, making things even worse for the common man too. We need to make sure that doesn't happen.

>>1490717
Don't forget those AI companies need to literally multiply their income ten times to keep functioning. This isn't even a Tesla style infinite hype machine; they're basing all this investment off of profit that literally does not and likely cannot exist. Sooner or later the companies like Nvidia that keep giving openAI and others the extra cash they need to keep functioning are going to get pissed they haven't seen much return.

>>1490725
> Don't forget those AI companies need to literally multiply their income ten times to keep functioning.

Yup. The house of cards has begun to tumble. AI is being exposed for the fraud it is (like 95% of Ai companies won't survive because they produce nothing of value.)

AI has already displaced lots of white collar workers but they've kind of reached the peak of that market segment already (notice how every companies "chatbot" or customer service is AI now?)

Its donezo

>>1490712
And those in charge are learning that lesson the hard way. Shit sucks on the ground. Meanwhile they spout off out-of-touch shit like "the dows above 50k" which is a big whoopee--do to 98% of working Americans.

>>1490764
It's a problem when it isn't though also...

>>1490786
Its one of many problems but they ignore all the other problems and tout how great everything is because the metric that benefits them and their billionaire pals the most ticks up to some meaningless number.

>>1490510
Whawha

>>1490624
Republicans are going to ignore this fact and pretend trump using it to tax everything and punish Americans is the same as protecting very specific markets.

>>1490712
Can you explain why you think the stock market doesn't reflect the real world instead of name calling?

>>1490618
Biden was puppet for the credit industry. I hate him more than Trump people for different reasons (from back when he was a senator helping his credit industry masters pass legislation to codify using usury to rob Americans of their ability to build wealth). But it's disingenuous to compare those tarriffs designed to tax foreign cars and pretend to help America car companies compete vs. the blanket tarriffs which are basically a federal sales tax considering how complicated supply chains have been allowed to get in the last 50 years.

>>1490725
>they're basing all this investment off of profit that literally does not and likely cannot exist.
This is a great point. If they acheive the profit they're expecting based on the investments, the country will literally not have the money left for anything else.

Do you think that specific risk is outlined in their 10-Ks?