80 Democrat voters out doing some Christmas shopping

[UsualName]

Look no further than the present.

This too shall pass. San Diego, 77° in November. I might pay the extra buck and a quarter for that weather.

To the larger point, everything is up:

Household wealth
GDP
Wages
Available jobs
Home value
Stock market
On and on and on… everything is awesome except gas prices and inflation. We moved from a supply crunch into gas restrictions. Should resolve on its own.

Except for consumer sentiment. And that is where we are. Perplexing because Fundamentally, the US is in good shape. Our biggest problem is actually a labor shortage. We need more immigration and/or major childcare initiatives.

 

[Ricter]

Biden Administration didn't cause inflation but there's an illusion that he could have fixed it or prevented it from getting worst in the middle of a Delta Variant surge.

There should be the illusion that he can fix inflation here, Canada, Europe, China, India and oh hell let's throw in Brazil too, then.

 

[Tsing Tao]

This too shall pass. San Diego, 77° in November. I might pay the extra buck and a quarter for that weather.

To the larger point, everything is up:

Household wealth
GDP
Wages
Available jobs
Home value
Stock market
On and on and on… everything is awesome except gas prices and inflation. We moved from a supply crunch into gas restrictions. Should resolve on its own.

Except for consumer sentiment. And that is where we are. Perplexing because Fundamentally, the US is in good shape. Our biggest problem is actually a labor shortage. We need more immigration and/or major childcare initiatives.

Household wealth, home values, stock market. Those three - you need to see who they benefit. See if the bottom 50% of the country care.

GDP - what parts of GDP are up? Because that matters.

Available jobs - no one wants to work. That's not a good thing.

Wages are up.

 

[Ricter]

Except for consumer sentiment.

Interesting point. Consumers are answering polling that they're pessimistic on the economy, but they're spending a lot more. Do as I say not as I do...

 

[TreeFrogTrader]

This too shall pass. San Diego, 77° in November. I might pay the extra buck and a quarter for that weather.

To the larger point, everything is up:

Joe's poll numbers certainly are not up.

 

[Ricter]

Available jobs - no one wants to work.

I'm beginning to believe that a lot of people are anxious about going back to work. Not because of covid, but because they have forgotten how to deal with "interference", all the little and normal interruptions and delays and slights that come with moving around in public and the workplace.

 

[Ricter]

He's not scaring away big investment, investors aren't putting new money in given the losses with shale in the past decade. And that's not enough to cause 6% inflation in Germany.

That's right. The FF industry has been losing investor interest, to the tune of $1 trillion, for over a decade now.

 

[UsualName]

Interesting point. Consumers are answering polling that they're pessimistic on the economy, but they're spending a lot more. Do as I say not as I do...

So we haven’t seen inflation this high for quite some time. People have a right to feel uneasy. They really don’t know what to make of it. And that’s fine but like you said they certainly aren’t acting like they’re afraid of inflation either.

I didn’t mention that business creation and quit rates are also record highs - that’s a great indication for the labor and consumer market.

However, there is also a built in Fox News depressor effect. You can see consumer sentiment sink the month after Biden took office and literally nothing changed. I kind of just accept that no matter what a certain amount of republican voters are going to attach their perspectives to who the president is regardless of conditions. But that goes back to what said again, the Republican voters aren’t tightening up either though.

 

[UsualName]

Joe's poll numbers certainly are not up.

Very perceptive. And why is that?

 

[TreeFrogTrader]

I kind of just accept that no matter what a certain amount of republican voters are going to attach their perspectives to who the president is regardless of conditions..

Nope. Joe is trouble with dems, suburban women, independents and all sorts of areas where he has heretofore done very well. His numbers will still be high there compared to republicans but he needs to do outstanding in those areas and is down several notches.

To try to dismiss this as just a traditional republicans dinging democrats is failing to see what is happening, or rather seeing what is happening but denying and spinning. But that's fine. If you and your ilk have not learned the lessons of Virginia, then that works for me.