CNN has sent out notice to the employees that CNN will start layoffs.

Economy s just not doing good enough, cost cuts must be taken.

These employees supported Biden and voted for him, elections do have consequences.

They were told, I do feel sorry for them, but I am sure they voted for it.

Unemployment at record lows ...

Inflation coming down ...

Stock market starting to pick up steam

Corporate earnings posting better than expected returns ...

Things will slow down ... Economy reopened and tons of supply chain issues ..

But things are getting better all around

Thank you Mr Biden ...

What we have is a stagnant economy, the some of the numbers are not horrible, but if you start looking there is a different story than what you are telling.  Let's go Brandon!

First GDP is up because of government spending, money going to Ukraine leading the way.

Not something to jump up and down about.

Jobs, not all that great either.  Unemployment rate is figured by people looking for work.  People that gave up looking for what ever reason, are not included in the unemployment rate.  They are included in the job particiapation rate which is at a 36 year high.  Also, not something to jump up and down about.

Now if you look at the consumer confidence numbers your find it not good for Biden.  One more item not to jump up and down about.

But the inflation rate is still at 7.7%, which means the average family is losing.  More not to jump up and down about.

The worst number are the savings rate, record high with Trump, record low with Biden.  Consumer credit is skyrocketing and some consumer interest nearing 15%.  Wow.  Don't need to jump up and down about that.

People are going in the hole, economy is stagnant, not that good.  Lots more not to jump up and down about.

Good thing you are not in the housing business, you could not afford to jump up and down.

The Truth!  Biden did not get to raise taxes like he wanted, that would have stabbed the economy in the back!  We are still on Trumps tax cuts.  Any good growth in this economy is from the existing tax cuts, but inflation is Killing the economy and that is directly from brain dead Biden and his war on oil.

First GDP is up because of government spending, money going to Ukraine leading the way.

Cite the source that states foreign aid has a positive effect to American economic growth. Spending, in and of itself, is neither positive nor negative. If anything, the assets going elsewhere are an impediment to economic growth.

Not something to jump up and down about.

To that point, I do endorse aid to Ukraine. It's their country, their fight and they are doing well, to everybody's surprise. I am very happy to see that success, it should discourage any tendency to adventurism.

That coould increase Russian tensions on the world stage. What appears to be a failure for Putin in Ukraine could result in his replacement by an even less rational, more nationalistic expansionistic leader taking his place. Russia feels 'put upon' by an anti-Russian rest of the world. A nostalgic recall of 'Soviet' influence in politics is dangerous, the world has changed significantly, making "Soviet politics" much less effective and much, much more dangerous.

Jobs, not all that great either.  Unemployment rate is figured by people looking for work. 

You are partially correct- jobs are down compared to the numbers before 2020:

The jobs number is still recovering from the COVID RECESSION. I will say that again: The jobs number is still recovering from the COVID RECESSION. The severity of COVID's effect was directly influenced, magnified, at least in the short term, by Trump's minimization of the danger and delayed public health response.

They are included in the job particiapation rate which is at a 36 year high. 

Well- that depends on exactly what number you use for labor "particapation rate". Some indexes include 'discouraged workers'- who, generally speaking, are no longer eligible for unemployment but are still part of the natioonal labor force:

• Discouraged workers are workers who have stopped looking for work because they found no suitable employment options or failed to be shortlisted when applying for a job.
  
• The causes for worker discouragement are complex and varied.
• Discouraged workers are not included in the headline unemployment number. Instead, they are included in the U-4, U-5, and U-6 unemployment measures.

They are included in the job particiapation rate which is at a 36 year high.  Also, not something to jump up and down about.

Here's a visual that shows the labor force participation. Note the 2020 COVID Recession drop in participation that America is still in the process of recovery. 

Now if you look at the consumer confidence numbers your find it not good for Biden.  One more item not to jump up and down about.

It would appear that consumer confidence is also still in recovery from Trump's Covid Recession:

There are areas where home prices are mixed, but overall, the market is positive:

The U.S. residential real estate market certainly isn’t in “crash" mode – at least not yet.

That’s not stopping home buyers and sellers from hitting the internet to check on the health of the nation’s housing market. In doing so, digital users may be fanning the flames of a housing market crash, simply by making the term “housing crash” a household term on the internet these days.

As usual, the data tells the story.

According to a new study by the luxury brokerage company RubyHome, internet search interest for “housing crash” skyrocketed 177% since August 2021, reaching an all-time high for the term since Google Trends started reporting in 2004.

“The spike in searches about a housing crash suggests homeowners, particularly those thinking of selling, are increasingly nervous about their market timing,” the RubyHome report stated. “If interest rates keep going up, purchasing power will continue to erode, putting more downward pressure on home prices until they reach parity with what people can afford.”

“Said another way, sellers will eventually have to capitulate,” the report added.

 

Shutterstock

A Decline, 'Yes' ... a Crash, 'No'

There’s no doubt the U.S. real estate market experienced inflated prices over the past two years, and there’s equally no doubt those prices will decline. But a housing crash? Not likely, experts say.

“The housing crisis of 2008 taught us what a real housing crash looks like,” said Joshua Massiehm, chief executive officer at Pacwest Funding and Real Estate in San Diego. “Based on that time in history, our current real estate market climate is steady and more stable.”

According to Massiehm, the real estate market should see a small 5% correction from the peak of late 2021 and early 2022 housing prices, but the market will not see a 30% drop in prices. “I think we’ll see prices stay stable for some time,” he told TheStreet. “We’re essentially going back to a normal housing market where interest rates stay in a realistic range and home prices appreciate slower than they have in the last two years.”

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Other housing gurus say that builders are taking things slow, which is tamping buying activity down.

“The U.S. housing market is primarily stable,” said Carol Horton, chief marketing officer at Texas-based homebuilder Kindred Homes. “There’s been a pullback with buyers, but there’s still plenty of demand for housing. Some of the larger builders are pivoting and going into build-to-rent and multi-family products. Diversifying their product will allow builders to balance out their revenue stream.”

However, builders are slowing down on permits/starts to help offset the slowdown in demand. “Builders have a record number of homes currently under construction,” Horton said.

Horton also isn’t predicting an imminent “housing crash”.

“Pricing is not collapsing but facing more of a market correction,” Horton told TheStreet.com. “Currently, there is a record level of equity by homeowners, which was not the case during the 2008 crash. Additionally, there are record level low vacancy rates, meaning the available vacant homes. In 2009, there were record-level high vacancy rates.”

One surmountable problem is that many buyers have panicked over the rising interest rates and are canceling contracts.

“However, interest rates are still extremely low historically,” Horton added. “Those rates should normalize, and buyers will invariably return to the table. Their buying power may be reduced, but there is still a vast need for housing.”

Tips for Buyers

In a seemingly imbalanced real estate market, buyers may be easily spooked. But there’s one area where opportunity may shine.

“Now is a great time to buy new construction,” Horton said. “If you plan on being in a location or a home for at least five-to-seven years, it makes sense to purchase and write off the mortgage on your taxes. Many builders are offering large amounts of money to go towards mortgage costs that can help lock low rates or even buy the rates down so you can qualify for more money.”

Additionally, many builders are beginning to negotiate.

“Now is an excellent time to ask for a builder to throw in upgraded light fixtures, appliances, etc., to get the deal done,” Horton added.

If you already have a contract with a builder, but a rate increase is pricing you out of the home, ask the builder for a lower interest rate or for a pricing discount.

“Many builders would rather discount the home than lose the contract altogether,” she told TheStreet.

 

 

 

 

<em>The Truth!  Biden did not get to raise taxes like he wanted, that would have stabbed the economy in the back!  We are still on Trumps tax cuts. 

Perhaps you can explain the increase expenditures as a share of GDP in Trump's last year, see chart below- it looks like 2021 expenditures increased. That's a budget that would have been approved in Trump's last year. So much for "Trumps tax cuts".

 

 

 

So, just in case you didn't think we noticed, you said the GDP is this high because of "Government spending" ...

So, then when it was low, what happened? Government stopped spending?

"Fairytale hour with Old guy : :)