Sunday, July 31, 2022
War..
The Democratic Party/White house are doing a horrible number on the Nation.
*The country entered a technical recession as the U.S. economy shrank by 0.9%, for a second straight quarter.
Biden was quick to say that the United States "is not in a recession,"
*Last year as Inflation called Transitory until the spending bills of trillion of dollars took place.
*Gas prices tripled in a year of this Democratic White House after the President clearly said No More Drilling Kiddo.
* That was exacerbated by the Sanctions on Russia to block their energy export. As a result, Europe Economies are struggle with recession.
Now Pelosi decided to start another world trouble with China by talking too much about her visit to Taiwan.
The Democratic Party wants the people to forget about the misery within and think of wars abroad.
Just a thought.
Saturday, July 30, 2022
Misery..
Thursday, July 28, 2022
Ree..
The U.S. economy shrank for a second quarter in a row—a common definition of recession—as businesses trimmed their inventories, the housing market buckled under rising interest rates, and high inflation took steam out of consumer spending.
Gross domestic product, a broad measure of the goods and services produced across the economy, fell at an inflation and seasonally adjusted annual rate of 0.9% in the second quarter, the Commerce Department said Thursday. That marked a deterioration from the 1.6% rate of contraction recorded...
Two consecutive quarters of negative GDP growth comprise one working definition of recession, says Wells Fargo senior economist Tim Quinlan—but it's not the official one: Instead, the definitive call is up to the National Bureau of Economic Research, which defines a recession as "a significant decline in economic activity" lasting "more than a few months."
Brandon. Brando...Brandon.
Wednesday, July 27, 2022
Trap..
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump.
Mike Wilson, the firm’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic.
“The market always rallies once the Fed stops hiking until the recession begins. … [But] it’s unlikely there’s going to be much of a gap this time between the end of the Fed hiking campaign and the recession,″ he told CNBC’s “Fast Money” on Wednesday. “Ultimately, this will be a trap.”
According to Wilson, the most pressing issues are the effect the economic slowdown will have on corporate earnings and the risk of Fed over-tightening.
Wilson considers himself conservatively positioned — noting he’s underweight stocks and likes defensive plays including health care, REITs, consumer staples and utilities. He also sees merits of holding extra cash and bonds at the moment.
Finkly..
Some countries have Dictators running their countries. We have a Democratic President who was elected by the people. We are Far better than these other countries.
We attempted to get rid of these Dictators in Iraq by war, Syria by war, Libya by war, and Yemen. We have sanctions on other countries which destroyed their economies and left poor people hungry, sick people facing lack of medicine and certain death. US citizens have not approve that?
Just a thought.
Falling..
With this Inflation, prices sky high, gas, etc US citizens are paying an arm and a leg for food, gas etc. Their retirement plant is currently half of what it was, and here comes a recession to wipe everyone out.
The White House is saying anything to keep the Democratic Party in Power. Just a thought.
N-O-T
Janet Yellin is such a sweet lady who didnt mean to say Transitory. She knows better than that, She is the Secretary of treasury, and was the Federal Reserve Chief. She knows what inflation of 9.1 % means and the Recession that follows looks like. But she can't say. I wonder if she was told to say Transitory until the "Stimulus Bill "Infrastructure Bill"and Build Back Better" a 10 trillion dollars spending pass through. Just a "transitory Failure" thought.
Media..
Solo..
Former U.S. soccer star Hope Solo pleaded guilty to DWI and received a suspended sentence and a fine after she was arrested in North Carolina earlier this year.
Solo, 40, was found at a shopping center parking lot passed out behind the wheel of a vehicle with her 2-year-old twins inside. She was also charged with child abuse and resisting an officer in connection with the March 31 incident.
Solo received a suspended sentence of 24 months and an active sentence of 30 days, the Forsyth County District Attorney’s Office said in a news release. She was given 30 days credit for time she spent in an in-patient rehab facility and was ordered to pay $2,500 in fines and a $600 fee for the cost of lab tests.
The two-time Olympic gold medalist was also arrested in 2014 in a domestic violence incident with her sister and her nephew in Washington state. However, the charges were dropped in 2018 after a lengthy appeals process.
She left the national team following its 2016 exit from the Rio Olympics. She was suspended by U.S. Soccer for six months following the fallout from a match with Sweden.
Solo was the 2009 U.S. Soccer Female Athlete of the Year. Just a thought.
Tuesday, July 26, 2022
Power..
This administration can be described as Mediocracy at work for their own benefits and the desire to hold on to the power. Not the people, is the power we are looking for.
Walmart..
Walmart cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics.
That shift in spending has left more items on store shelves and warehouses forcing the big-box retailer to aggressively mark down items that customers don't want.
Shares of retailers, including Target and e-commerce giant Amazon, also fell.
Walmart said it now anticipates adjusted earnings per share for the second quarter and full year to to decline around 8% to 9% and 11% to 13%, respectively.
On other hand, Biden and Democrats say some of the fault rests with greedy companies artificially hiking prices, skimping on new domestic investments and paying too little in taxes. That is the blame game by the White House. Just a thought.
Saturday, July 23, 2022
Friday, July 22, 2022
Shark week..
Thursday, July 21, 2022
Spending..
Fist..
Two Men here, one is following economic principles and the other being pushed by the to every and any direction. Just a sad story of the unified in poverty. Just a thought.
Tuesday, July 19, 2022
Left..
The Democratic party used Joe Biden to the Max for their own desire even if this collided with the US citizens' benefits. in particular, Older Americans, poor, middle class and retirees on Pension. It started and may end up with the same "Inflation is Transitory."
Just a thought.