https://x.com/watcherguru/status/1963948215486538108?s=46
The Biden Recession is upon us
WASPs are lazy as fuck. Without Mexicans, USA wouldn't be able to survive
>>60900170Is this a good thing? Is Trump winning the economic culture war for us?
>>60900188This is ORANGE MANS economy.
>>60900189Whites would do the jobs if mexicans quit undermining their ability to unionize and have collective bargaining.
>>60900222You cant say that yet. We are not even 8 months into his (second) presidency.
Thanks for the exit pump.
>>60900241Cope
>Fire jobs chief for bad numbers>Still get bad numbersWhat's this called?
Wait, I thought these were supposed to be real numbers now that the person that Trump fired last month for the fake numbers was now gone? Huh, that's pretty strange.
>>60900170Here come the panicans
>>60900188>>60900222This is Biden's economy and Biden's fault, fuck Joe Biden for causing another recession! We need that money to send to Israel!!!
>>60900276>>60900222Lets be honest, this is a combined effort in sequence of two terribly economically illiterate presidents in succession.
>>60900170As long as we stay below 5.2% then we're fine.
>>60900236Trump hates unions as well as trumpfags.
>>60900170>Be 2020>COVID lockdowns>economy shut down>Wall Street panics>Be Jerome Powell, Chair of the Federal Reserve>Print and inject $13 Trillion of magic money out of thin air into the economy overnight>A glut of new dollars turns your savings and wages into toilet paper and spikes inflation hundreds of percent>Be 2021>inflation continues spiraling out of control>dumbass Jerome Powell blows it off for the entire year claiming this inflation is "transitory">Be start of 2022>inflation is still ripping higher>"oh shit this inflation is actually not transitory">March 2022 begin little gay baby basis points interest hikes of .25% to start "taming inflation">hike interest rates to no higher than 5% by the end of 2022 despite inflation still being 10%+ (cooked numbers, really is 100%+)>this interest rate hike was just high enough to slow down job growth/wage growth, but not enough to actually tackle inflation>be 2023>continue to hold these lame interest rates that solve nothing except continue to ruin the job market while not actually high enough to fix inflation>stagflation (high inflation and high unemployment occurring side by side at the same time) start to creep in>2024>one small interest rate cut in September despite inflation numbers still being super high just for the lulz>inflation now spikes even higher, but overall interest rates still high enough to be crushing job market>2025>both inflation and jobs market (stagflation) are continuing to worsen>January 2025, low IQ retards on the internet learn what inflation and interest rates are only now for the first time>said retards only think in terms of politics>know absolutely nothing about finance, Monetary Policy, Jerome Powell or the Federal Reserve>dumb fucks think Presidents control the Money Supply, interest rates and therefore inflation>dumb fucks wonder why things continue to get worse>interest rate cuts are now going to make inflation even worseWe are here.
>>60900494I’m not talking about trump I’m talking about mexicans
>>60900170Tariffs fix this. Thousands of new factories are being built as we speak.
>>60900236>socialism is le good when whites do it!You just are proving the point. Whites cannot free market.
The canary in the coal mine is black unemployment, it’s at 7.2 percent right now.
>>60900188This.
>>60900516Get ready for perpetual 3 percent inflation or more for the next decade until the next Volcker.
>>60900170Wait, is 4.3% high?Maybe I'm just traumatized by the 2008-2012 era, but I thought 5% was basically considered "full employment"?That's not to say I think these numbers are real or mean anything.
>>60900516Having a job is better than not having one.
>>60900664Anything above 6 or 7 percent and you have permission to panic, because that means it’ll go even higher and the floodgates will have opened.
>>60900664it used to not be considered high but then they realized that the reason numbers like 4.3% are high is because people have multiple jobs now.
>>60900664this provides an excuse for Fed to lower rates without accepting responsibility if it leads to higher inflation.
I could have sworn that I read just a few months ago that the unemployment rate in the US was at a historical low. What the fuck happened since?
This is Biden's fault. If Trump were president right now, we'd have full employment.
>>60900648Seems normal
>>60900697So bullish for crypto?
>>60900675Having a job means nothing if the money you earn from it is completely worthless. You are literally just wasting your time.
>>60900256Trump loves hiding shit.
>>60900752is crypto inflation hedge? I don’t know
>>60900763jobs prevent crime. you give subhuman nigger cattle (80%+ of the population) too much free time and you see promiscuity, drug abuse, violent crime, property crime, political unrest, and so on. it's the the best interest of everyone for these retards to be wageslaved to death -- the value of their wages is of no consequence.
>>60900170It's over, Jerome "The FED nigger" Powell will capitulate now and everything will moon.
>>60900763Still better than not having any money
Doubtful. Media overreaction to a long overdue book correction due to illegal roundups.
>>60900785>promiscuity, drug abuse, violent crime, property crime, political unrest, and so on.Runaway inflation causes this more so than anything. See the Weimar Republic. Even if you own assets, outside of gold, your increase in the nominal value of whatever assets you own isn't real, it's becoming nothing more than just a measurement of the dollar (and your wealth) becoming more and more worthless by the month. Don't believe me? Sell your house and see if you can buy another house in the same zip code for cheaper (PROTIP: you can't, your "wealth" from your assets is all fake and completely relative).
>>60900797>moneyEnjoy whatever this word means to you while you still can. It's about to become completely worthless. The dollar being cooked isn't something that just happened overnight, this has been cooking since the COVID lockdowns- and others would even argue this has been in the making since the concept f Quantitative Easing "money printing" was invented following the 2008 financial crisis, nearly 15 years at this point.
>>60900705Nothing. The old numbers were fake and gay and now the truth is coming out now that (((the left))) is out of the Whitehouse.
>>60900516Inflation got pretty close to 2% for awhile the last two years. IMO he's mainly fucked up by not lowering rates sooner as businesses can't grow and all the liquidity is sitting in the Mag7 because they're the least worst option.
>>60900664They probably don't count people that have given up or just don't look for jobs for other reasons, so it's higher than that.
>>60900188this except unironically
>>60900826Everyone knows fiat is cooked in the long term. We have bitshit now as the backup unironically. Glowies will slowly start repricing everything in bitfuck as USD goes to zero.
>>60900358no
>>60900644Let it go moshe
>>60900210Mixed bag.AI replacing tech workers - good and bad.Government jobs getting cut - good in long term, bad in near term.Bloat jobs getting cut - good.Fed waiting too long to cut rates - bad.Regardless of where the blame should be laid, our only option is to actually innovate, increase productivity, and build infrastructure. If we waste lower rates on things like "financial instruments", bloat services, or frivolous feel good pursuits, then we will continue on our downward spiral.Love it or hate it, it's going to be Musk, or people like him, who will push us forward. People who dare to dream big and set goals that will preoccupy us for 100 years.
>>60900835>InflationInflation still means prices go up, prices never fell, they just didn't go up as fast as before. People are tired of the post-COVID high prices and price gouging and rip-off scams. You're not going to see people stop complaining about it until deflation sets in for a year or two and prices start to actively lower (inb4 "but muh job market", the job market already sucks, corporations need to start lowering prices NOW).
>>60900901>Love it or hate it, it's going to be Musk, or people like himSo the future is people overpromising, under or even NEVER delivering, and then rinse and repeat media hype to keep getting investors and massively overvalue their companies? Sounds like hell.
>>60900675*having security is better than nonewhen 2021 hit, nobody fucking cared about jobs because they were secured with free gibs. now everyone cares about jobs that runs on digital numbers, control, and hopeful ignorance that people just continue playing the game as their standards of living drop
>>60900959Columbus was a huckster who never delivered on a passage to India. But he launched the Age of Exploration.You can think what you like of Musk, but he's taking us in the right direction. Someone will get it right.
>>60900188lel
>>60900236>Whites would do the jobs if mexicans quit undermining their ability to unionize and have collective bargaining.That's 40 years of Conservative laws and court rulings not "Mexicans".
>>60901028>You can think what you like of Musk, but he's taking us in the right direction.What direction retard? AI projects that never deliver? Taking a social media site and stripping it of one of the strongest brand identities in the world while it slowly loses to competitors it didn't have prior? Only this year managing to have a rocket ship not explode during takeoff even though he said we'd get to mars by 2022?
>>60900236>Whites would do the jobsLol they demonstratably wouldn't. When all the mexicans in the area are in hiding from ICE or deported, those same jobs don't get a surge of applications, they just get a labor shortage.
>>609001704.3 bad? we have 10.4 in spain
>>60901053Highest we've ever gotten with a pandemic or market crash to explain it.
>>60901053americans have zero safety net
>>60900170its literally nothing. everywhere in the world is much higher at least double that
>>60900276>This is Biden's economyVery well then. Thanks Joe Biden for pumping my silver and gold bags.
>>60900835You are one of the retards mentioned in that post.
>>60901053The difference is Spain has been doing low-trust banananomics for 400 years, whereas Trump represents the first attempt to implant it into a white anglo nation
>>60900170Lol it's higher than 4.3%, the market is completely frozen outside of healthcare
>>60901028>Columbus launched the Age of ExplorationExploration was being done long before his time. It’s only because he’s a jew that his name was turned into a household name in order to play down the achievements of those that came before him.
>>60900170The Trump effect
>>60900188Bidenomics finally coming back to bite us in the ass
xrp many good coin ! It better than chain shit many moonie moons !
>>60900256Denial? Delusional?
>>60900189Yet we did it until 1965 you shit spic.
>>60900801Wouldn’t deporting illegals lead to more job availability ?!
>>60900516but don't you need rate hikes to remove inflation? don literally screams all the time it will let him borrow cheaper so more inflation
>>60901378mutt oligarchs won't pay wages higher than 1$ per hour because that's communism or something and no one is willing to work for that.chicano slave labor and pajeet outsourcing is more profitable
>>60900675That money didn't go into jobs, it went to inflate the stock market, housing, crypto and every intrinsically worthless asset you could imagine.
>>60900170How much did trump's clitty leak this time?>>60900188Lutnick said this was trump's economy.
4.3% is still very low. It's weird how we've been in this protracted economic cooling for years and yet not a single major economy has reached double digit unemployment.I feel like there's a lot of zombie jobs around and the jobs market is due for a correction but it's anyone's guess when that will happen.
>>60900188who inflated the M2 in 2020? >>60900358This, anyone who says otherwise is unironically a shill for either political party.>economy was already shaky in 2019 after a decade of zero interest rates>covid lockdowns conveniently occur>trump inflates the M2 by trillions of dollars in 7 months>in comes biden>biden doesn't want to be seen as a recession president>cooks the books and gives the economy an adrenaline shot>trump returns>tarrifs and LLM datacenters will fix everything>what do you mean we have no manufacturing and that AI is a money pit? lower interest ratesyou are here>biden's economic adrenaline is finally wearing off and reality is finally setting in>trump admin removes powell and starts printing the M2 like a madman>the USD rapidly loses value due to an clusterfuck of socioeconomic issues and kosher blackmail>LLM bubble pops and takes the economy with it>welcome to the american lost decade, maybe balkanization by 2035>>60900516Much better than mine>>60901214and to pin the genocide of tainos on whites
>>60900170Real unemployment is around 40%.If you learn how they arrive at the (((official))) unemployment numbers, you will soon realize how totally fraudulent it is.
>>60901493more like they are the only western country counting it right. women should not be counted as available workers
should i buy puts or calls before close
>>60901053>4.3 bad? we have 10.4 in spain>>60901075>americans have zero safety net>>60901140>The difference is Spain has been doing low-trust banananomics for 400 years, whereas Trump represents the first attempt to implant it into a white anglo nationwhere would be a good place for a laid off american with $1.6M + EU citizenship to go camp out and be coastFIRE or NEET with nice safety net and/or maybe some free school to chill in?Never been to Europe outside of a work trip to Dublin once.
>>60901458>I feel like there's a lot of zombie jobs around and the jobs market is due for a correction but it's anyone's guess when that will happen.I've been in tech for a decade and that sector alone has caused so much distortion it is unreal. it goes beyond economic and into dating and other places tooProduct/project/program managers collecting $120-450k/yr for Jewish daycare. It's too late to undo because many useless women have collected this salary from the system for years and have injected it via their consumption of houses, vehicles, etc. Having women raised alonside you as a managerial class is a collapse-tier mistakeThe scope of this is beyond any one or two layoffs.
>>60900644unions are a purely free market phenomenon
SEX WORK IS REAL WORKsays the increasingly nervous government stats publisher
>>60901271No you dumb fuck Mexicans were legally allowed to enter under the Bracero program until the 60s. That’s how my grandfather came to the US.
>>60901607Spain, Greece, Portugal, Central Europe
>>60901426I know 10 people personally who got jobs precisely during low interest rates and couldn't get a job during covid and before covid.A guy was on unemployment for years because the rates were high in 2018, 2019 and some of 2020, then he got a job in 2021.
>>60901763these are deprecated stats anyway. workers are not needed anymore because ai and special machines do everything so its only natural the numbers get higher all the time
>>60900188This but unironically,it's like a bad hangover finally hitting us.I still can't fathom they were deliberately lying to us under Biden and people seem to have forgotten that already.
>>60901468Is this that thing from the insurance commercials
>>60901892>Spain, Greece, Portugal, Central Europethanks, anon.>>60901955>A guy was on unemployment for years because the rates were high in 2018, 2019 and some of 2020, then he got a job in 2021.how is someone "on unemployment for years" whe the max is 26 weeks? I'd imagine it got expanded during covid, but that still doesn't explain 2018 and 19 to me.
>>60900170I want to leave my gay-ass job, but there's only like 3 big pharmas near me and they're not hiring.
>>60902112>whe the max is 26 weeks?Not in europe
>>60900516100000% THISThis poster understands.It was too little too late, and now we're fucked.>TRANSITORY INFLATIONI'll never forgive or forget every single major media headline spouting this absolute fucking lie.Almost as atrocious as>Tariffs will leave store shelves emptyor>A winter of death to the unvaxxed
>>60900188This baka
>>60901458France is such a broken shithole, seriously needs to be downgraded to officially third-world based on France's crime, demographics, and abysmal government. What a joke of a country.
>>60902120>>Tariffs will leave store shelves empty>>A winter of death to the unvaxxedBoth of these happened. Shelves are empty and expensive now. COVID is second to the civil war in American deaths ever recorded.
>>60902138I wonder if one day the discrepancy between France and Monaco will be so massive it will force Monaco to build a physical border with check points to stop French people from moving there.
>>60900664Most adults don't work and are not considered unemployed for various reasons, so 4.3% is closer to 10%. 1/10 worker bees can't find a job? Seems significant.
>>60900170rookie numbers
>>60900516welcome to the "anything that can go wrong, will" timeline. buckle up!
>>60900516TRVKE OF THE CENTURYMany normies will never understand this and wonder how we got to this point
>>60902156You will never be a woman, troon.
>>60901416The point, dumb political-brained retard, is that it doesn't matter what the President wants. The Federal Reserve is an independent entity that does what it wants, when it wants in order to meet its legal dual mandate set by Congress of 1.) price stability and 2.) steady employment. The fact is is that over the past 5 years the Federal Reserve and Jerome Powell has laughably failed at both- yes, some people like Trump want interest rate cuts because of the stock market or job market, others want higher interest rates because they feel prices and inflation is still too high- ultimately though, both camps will lose because the Federal Reserve and Jerome Powell moved too slow in response to either side of their dual mandate, fucking up both inflation and the job market at the same time over the course of 5 fucking years, and so now we are in a position where there is literally no winning move anymore for either side of the dual mandate. Cut rates and inflation spikes, raise rates and we have a Recession, keep rates the same and the job market continues to deteriorate while inflation stays stuck above 2% (stagflation). There is no winning move, and you can blame Jerome Powell for that, neither Trump nor Biden have fuck all to do with it.
>>60902918Maybe inflation won’t get as bad this time because no stimmys and no supply chain issues?
>>60903077M2 Money Supply is the king giga-chad measurement of inflation, nothing else matters when it comes to inflation except for this money supply measurement that tracks all of the liquidity that is sloshing around the markets. As long as that keeps going up, and it is (courtesy of the actions of the Federal Reserve), then inflation will keep going up with it. M2 Money Supply is hitting new highs as we speak, there are no breaks on this train.
>>60903104I feel like they are doing everything in their power to rug pull people who have something to loose but have no voice in washington (middle class families, those that left) like...you have to TRY to fuck up this badly
>>60900660>3%>>60900835>2%No. Inflation has not been at 2% or 3%. The fake CPI numbers have. 3% inflation didn't double my grocery bill in 5 years. Words matter.
>>60900901>increase productivityWhat's happened to virtually every increase in productivity since say the 70's? All the increases from computers, the Internet, automation, etc? Did those benefit the end consumer, the worker? It did they all get eaten up by corporate while wages stayed flat and decreased against inflation?
>>60902156IF "covid" ever existed, and that's a BIIIIG fucking IF, the numbers were so massively inflated that they were meaningless. Counting anyone who died with a false positive PCR test that can't be used to diagnose disease at a completely useless number of cycles, counting every false positive antibody test that a can of Coke could trigger, and every case of the flu the cold over years STILL couldn't break a million deaths. I would strongly recommend immediate suicide you utterly brainwashed piece of shit.
>>60902918>raise rates and we have a RecessionYou're delusional if you think we're not already in a recession.
>>60903341>I don't understand anythingjust rope now midwit
>>60903366>You're delusional if you think we're not already in a recession.I'll call it a recession when I see deflation and prices for goods and services falling like in China. That is a proper recession. This is not a recession, this is just stagflation.
>>60901467There VILL be no balkanization, everybody will just be poor, vaccinated, and dumb while the country slowly dwindles in everything from market items to gas to food.Only the tech-elites and old money bankers will be enjoying this era, as it'll be filled with high amounts of people desperate to do anything they wish for a slight amount of food or their painkiller of choice.Boomers? Dead. Zoomers? Dumb. Millennial? Cowed. Gen X? Taxed.There's no one left who can fight them, so it'll be good old serfdom all over again. People (old farts) will trade da bullets for food after the government illegalizes hunting and without proper ammunition aside from surplus .22, they'll have a police state with Palantir networks to dissuade any cop from putting their family above the system. It's over.
>>60900170>recession>cut funding to programs>lay off government workersbig shocker
>>60903395Human civilization is retvrning...
>>60900188Somebody needs to dig up that Bloomberg interview of Howard Lutnick from few months ago where he said very cleary that Q1 and Q2 are Biden data, Q3 onward will be Trump data. The moment he said that I knew that shit will bite his retarded jew ass.
>>60903366A recession is 2 consecutive quarters of no GDP growth. The US still has GDP growth, even if over half of it is just AI capex.
>>60903346>What's happened to virtually every increase in productivity since say the 70'sStatistics hide the truth.First, the increase in productivity did not extend to every field. We had a lot of innovation in tech and IT, which was returned to workers in the form of higher paying jobs and ever-cheaper electronic products. But in just about every other sector, we've had decreasing productivity. This is most obvious in construction.Second, a lot of the productivity got shipped off, or siphoned away through regulations and higher costs for keeping employees. I don't want to get more specific, because this is one of those discussions where ideologically landlocked people will get very emotional about. But anyone who works on an hour wage can take a look at the line items on their checks, and think about how much those things have grown in cost for the employer.Third, we had a huge increase in the bloat class. This is both at work, and just nationally/socially speaking. Same as above, if I get more detailed, there will be angry pushback from the bloat.Fourth, and this is a problem I alluded to in the earlier post, a lot of the innovation was in things that aren't all that important to the greater masses relatively speaking, like financial instruments. They create profits, but not actually value.These things don't affect the top minority. They affect the bottom majority.
The analysts say that the Sahm Rule hasn't been triggered yet. I think that the gravity loads are unpopulated. I think it'll do a dramatic spike upward and trigger it.
>>60903970Check the new definition. Thats the old one. They changed it during the Biden Regime.
>>60902918ideal inflation would be at zero. the government shouldn't be artificially increasing prices and making my money lose value/purchase power and to achieve this the inflation should be 0. deflation is absolute bullshit, people will always buy what they need
The unemployment rate is only 4%, literal retards have jobs, I was just at a restaurant with one as my waiter, what’s your excuse?
>>60900256Politics, motherfucker.
>>60900189No, the real mistake was ever trying to “compete” with third world wage slaves in the first place. You’ll never win against countries where life is so garbage they’ll work themselves into the dirt for scraps. Fuck the GDP. This all started when Bill Clinton showed up and one upped Republicans with the business first mantra. Also, flooding in more immigrants just means more “ammo” for this clown show they call the global economy. Nobody ever mentions the part where your own quality of life gets dragged into the gutter.
>>60904865>Nobody ever mentions the part where your own quality of life gets dragged into the gutter.*ahem*
DROP THE RATES JEROME
>>60900170CUT THE RATES
>>60900189I'm white and I work with a bunch of mexicans. They are lazy as fuck. Most of them do the bare minimum and spend every spare second scrolling on their phones.
>>60900516haven't you heard?the Fed NEEDED high inflation because reasons
>>60900660>>60903341In the coming months they will massage those numbers down to zero and the red team/blue team retards (read: Burgers) will lap it up and sling shit at each other
>>60901955See, there was so much money floating around from the printing that some company even hired your unemployable retard friend.Overvalued assets everywhere.
>>60901458>I feel like there's a lot of zombie jobs around and the jobs market is due for a correction but it's anyone's guess when that will happen.Haven't you witnessed what happened during the plandemic when two thirds weren't working?That's right!Nothing happened.
>>60902018eventually it will come to this."employment" will be a "legacy" statistic.won't be the meta for much longer.
>>60903104>>60903077consider picrelated for reference
>>60900170we dont need jobs. let these women start selling there pussy in the street for money and lets see more people find there own hustles. usa will be like colombia now.
>>60900256trump wants low job numbers to justify cutting rates, so these are likely better then what's actually happeningcan't have everyone shitting themselves over no one having a job
>>60900170OMG a DEVASTATING 4.3%!!! AAAAAAbears are so pathetic lol
>>60900170and that's a good thingmeans the fed will have to lower rates and make the currency even more worthless which will cause people to panic and buy anything else which leads to my worthless shitcoins going up a lot in value so I can sell them soon and buy things that actually matter, real estateif you're cheering for low unemployment you're a cuck
>>60900170NEET RISING.
>>60900188Absolutely nothing to do with Biden. Just talk to normal fucking people you retards. AI is a meme but the greedy middle and small companies are acting like they can just offload all work to AI (just in my shitty little company all customer service email is just done by 1/3 of the people copypasting AI slop) and cut down on salary expenses. It's that simple. AI is fucking the job market whether it makes sense for companys to rely on AI or not.
>>60900516Good summary here
>>60909500>but the greedy middle and small companies are acting like they can just offload all work to AI (just in my shitty little company all customer service email is just done by 1/3 of the people copypasting AI slop) and cut down on salary expenses. It's that simple. AI is fucking the job market whether it makes sense for companys to rely on AI or not.That's what the AI evangelists and utopians call "abundance."Have your former colleagues become>entrepreneurs,>artists,>founders,>investors,>CEOs of newly created companies nearing a trillion-dollar-valuation pre IPOyet?(That's what the AI evangelists and utopians said your former colleagues would now become...)
>>60910015(addendum)I forgot about>inventors.Have they?
>>60900170In the 90's we were taught that about 5% of the potential workforce was actually unemployable, because they either didn't want to work or had some other reason not to.Now we're supposed to worry because unemployment is 'only' 4.3%?
