Trump's the only president in history to be lucky enough to twice be handed a good and growing economy on a silver platter.
Many predicted a Biden recession - instead we got a solid and growing economy
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Matt Dillon
Semolina comes from wheat
That never happened. Dutch fantasies.
I lied, I know 3 ways to take a human being down.
How much you weigh, there, Dutchy?
Dutch Uncle
* Tertia Optio * Defend the Constitution
...and then fucks it up. The first time was by botching the COVID pandemic and the next time will be by his economic plans. By dismantling the FBI, he will set us up for another terrorist attack which, too, will fuck up the economy.
Of course, Pedo Don and his MAGAts will blame the Democrats but that won't change the results or bring back dead Americans. Sad
On Sept. 11, 2001, the whole country came to a standstill. About 3,000 people were killed by the attacks on American soil on that day.
The attacks also impacted the U.S. economy.
On that day, the New York Stock Exchange & NASDAQ shut down. Fearing attacks, the London Stock Exchange and other stock exchanges around the world were also shut down.
The NYSE re-opened on September 17, 2001.
However, the market underwent a selloff--one of the largest in exchange history on one trading day--with the market falling 7.1%. Following the NYSE's reopening, about $1.47 trillion in value was wiped out in the first week of trading since the attacks.
The insurance industry paid out about $40 billion in claims related to 9/11. Berkshire Hathaway undefined, Lloyd's (LYG) , Swiss Re, and Munich Re were some of the firms that paid out the most claims.
Aside from the insurance sector, airline stocks underwent major sell-offs following the attacks. Stock prices of American Airlines (AAL) and United Airlines (UAL) plummeted as those planes were used by hijackers in the attacks.
New York City’s economy was also severely impacted as tourism plummeted. The city lost 143,000 jobs a month and $2.8 billion in wages in the first three months.
Matt Dillon
Semolina comes from wheat
Go choke on a bag of dicks, you fucking shitbird, seriously.
You're fucked up.
You have everything fucked up. You're in KOoKooKadoodle Land.
Were you right in 2023-2024? No? Your record speaks for itself. Fuck Off.
Thats probably why America chose not to repeat the brandon experience.Economists have 'really had it wrong' about recession, market strategist says
"Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. "They've really had it wrong."
The economy is still growing and inflation has come down, he said.
The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found.
The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week.
Last week, Fed Chair Jerome Powell praised the U.S. economy and said it provided cushion for policymakers to move slowly as they recalibrate policy.
By most indicators, 2025 is going to continue in a positive direction, Barbara Doran, CEO of BD8 Capital Partners, said during the CNBC Financial Advisor Summit.
"Economic growth is going to be healthy next year," Doran said. "The prognosis is good."
Economists have 'really had it wrong' about recession, market strategist says
David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.www.cnbc.com
Dutch Uncle
* Tertia Optio * Defend the Constitution
Okay, Matt, jail. Most people don't know that you have to be put away for over a year to go to prison.
Your propensity for violence leaves no doubt you've been put away for assault while drunk. Maybe DUI and hurting someone but probably in a bar or other drunken brawl as you've bragged about. Maybe you pulled a gun and threatened to murder someone as you've done several times on JPP.
Examples:
Are you saying you're game for a 250 yard duel?
There's a fuckton of truth in that clip.
I got in a fight with a black guy kinda like that, thank God without the police coming.
5 minutes of fighting, no real blows landed.
It felt that long anyway. Finally we said "Alright man, we gotta stop this here before the cops come."
He was no slouch.
Bitch, you'd shit and piss yourself if you ever got into some of the same situations I've been in.
You're not, and never will be on my level. I bet you've never stared down the barrel of a gun pointed at your noggin.
I bet you've never been shot at either. Don't you dare try to judge me.
And I do fight my own fights, sissy girl. Your problem is that you don't understand that I've had badass girls that were my own.
Girls that would be on you like a Tasmanian Fucking Devil. Yeah, that's accurate.
I got a girl that's 4'11" and would have you begging for mercy in about 4 seconds.
Oh yeah, she's a real woman. One night she pulled a 9mm to protect me and my friend from 8 criminal douchebags.
She said "Get the fuck away from them and out of here or you're dead."
Oh yeah, me and and my buddy were back to back against 8 pieces of shit in her front yard. Oh, none of them stepped in, they knew the 1st ones were gonna get hurt pretty bad. We knew we couldn't take them all, just hurt the ones that go 1st really bad. And then came our angel!
Dutch Uncle
* Tertia Optio * Defend the Constitution
^^^
Matt the Moron triggered. Sad
Matt Dillon
Semolina comes from wheat
Come give me a head-up fade old school style then. It's like Basketball, but with fighting.
I doubt you have enough honor to do that.
My ex-woman would bodyslam you. And there's nothing you could do about it.
cawacko
Well-known member
For starters, the reason so many economists (and CEOs) predicted a recession was because of inflation and the thought that the Fed would cause a recession fighting it. It's why there were so many articles in 2024 talking about Powell doing a victory lap for the soft (non recessionary) landing.
And sorry, but this political narrative about the economy when various Presidents take over doesn't hold up to scrutiny. You're telling a political story, not a numbers based one.
I wouldn't be shocked if Trump crashes the solid economy Biden is gifting him.
Dutch Uncle
* Tertia Optio * Defend the Constitution
^^^
More evidence Matt the Moron has been arrested and convicted for drunken violent acts.
Why do MAGA morons always get ultra triggered
whenever it's mentioned that Trump is lucking out by inheriting a solid economy from a Democrat again?
Dutch Uncle
* Tertia Optio * Defend the Constitution
Hopefully his oligarchs stop him before fucking it up too badly.
Still, the JPP MAGA morons will be hurting by this time next year and still stupid enough to blame on Biden.
Matt Dillon
Semolina comes from wheat
Oh what a night! Late December back in something 3..
Hold on here, DU. Your story is I've pulled a gun and threatened to murder people here on JPP?
How in the frickin' holy hell is this so?
Yeah, you know, actual hooligans in my neighborhood before this place ever was n stuff
and 2024 and Dutch n stuff are very different things.
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Dutch Uncle
* Tertia Optio * Defend the Constitution
Because, as the evidence proves, they are morons.Why do MAGA morons always get ultra triggered
BartenderElite
Verified User
Inflation was a problem - Americans voted that more than anything. But it doesn't change that the economy Trump is inheriting is a good one, that he & MAGA would be crowing about if they had it.
I'm genuinely curious if he can even come close to matching Biden's jobs #'s, or if we'll see anything close to the stock market gains that were realized under Biden.
BartenderElite
Verified User
The economy has consistently been better under Dems in modern times.
It's not really disputable. Maybe that's a slight difference from what Republican Presidents actually inherit by inauguration day, but for the most part, Republicans simply do not do well w/ the economy.
Matt Dillon
Semolina comes from wheat
You're like a goose. Ask me why later.
Dutch Uncle
* Tertia Optio * Defend the Constitution
cawacko
Well-known member
These are just blanket statements. It is literally the same discussion every single time on this board. I understand we aren't economists here but I also don't think it unreasonable for people to say more than that.
If that's all we can say, then lay out the data. At least we can have a discussion about that.
(But you'll notice not a single comment here about why so many economists thought we were headed for a recession. Nothing. Are we unable to answer that?)