Economic News

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nycfan said:
Right on cue

IMG_6815.jpeg

Where is gas under $1.98? It just increased locally to $2.99 …

Also, groceries have continued to be subject to inflation, though not nearly as high as a few years ago, while egg prices have been decreasing and availability has stabilized…
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Average gasoline prices in North Carolina have risen 5.9 cents per gallon in the last week, averaging $2.88 per gallon Monday, April 29, 2025, according to GasBuddy’s survey of 6,092 stations in North Carolina.

The national average price of gasoline is unchanged in the last week, averaging $3.10 per gallon Monday.
 
nycfan said:


“… In my case I had the biggest stock market increase, 88% in the last term, in my last term … I don’t take credit or discredit for the stock market … what the stock market tells you, at least in this case, it says how bad a situation we inherited …”
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88% market growth in 4 years???????
 
nycfan said:
Where is gas under $1.98? It just increased locally to $2.99 …
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I paid 2.59 this morning in Wilson but I get a discount of 10 cents/gal with my Circle K card. Still, a far cry from 1.98..
 
nycfan said:


Strong report, well ahead of estimates.
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... and I'm not sure I believe a single number of them. After all, don't these numbers come from an agency under the direction of Liar-in-Chief? I suspect state-by-state employment numbers will be more reliable over the next few years.
 
UNCMSinLS said:
... and I'm not sure I believe a single number of them. After all, don't these numbers come from an agency under the direction of Liar-in-Chief? I suspect state-by-state employment numbers will be more reliable over the next few years.
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Just be happy less people are unemployed.

The market has returned to what it was before the stupid Liberation Day. All of that is an indictment of Trump, not an endorsement. He wanted massive tariffs and he was going to ruin the world’s economies. He had to back off all of what he wanted and now we are seeing a rebound but it’s not what he wanted. With that said, market up and jobs up are great news.
 
nycfan said:
Right on cue

IMG_6815.jpeg

Where is gas under $1.98? It just increased locally to $2.99 …

Also, groceries have continued to be subject to inflation, though not nearly as high as a few years ago, while egg prices have been decreasing and availability has stabilized…
Click to expand...
But Orange Jesus told me just 48 hours ago that the economy and stock market were in shambles because of Sleepy Joe. Something isn't adding up :unsure:
 
hedge said:
I paid 2.59 this morning in Wilson but I get a discount of 10 cents/gal with my Circle K card. Still, a far cry from 1.98..
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When compared to $4.59 a gallon in SoCal, it seems like they are giving away gas in NC.
 
HintonJamesHeel said:
Great job reports today
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Not really. First, the DOGE layoffs have yet to hit. When they do, the numbers will jump up. Isn't the tally more than 100K now?

Second, the report was boosted by 29K new jobs in transportation, especially warehousing and storage (over 10K+ jobs more in April than March). Hmm. Why would that be? Most of those jobs are going to vanish this month.
 
nycfan said:
Right on cue

IMG_6815.jpeg

Where is gas under $1.98? It just increased locally to $2.99 …

Also, groceries have continued to be subject to inflation, though not nearly as high as a few years ago, while egg prices have been decreasing and availability has stabilized…
Click to expand...
 
nycfan said:
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See, this is just dumb politics by Trump. The price of gas is something most American adults are keenly aware of — the price of gas is prominently displayed along virtually all major thoroughfares. Most Americans buy gas at least once a week. Gas prices are actually pretty low — why undermine yourself with ridiculous claims that make reasonable gas prices seem high by comparison?

I think he could get away with lying about the price of almost any other commodity in America — like eggs. Prices for eggs are down but nobody’s egg prices have dropped 88%. But despite the focus on eggs in the election and since, a lot fewer people buy eggs than gas’s and even if you buy a dozen eggs a day it probably still costs less than filling up your tank once …

Trump has (had?) the opportunity to be broadly popular for a while if he could limit his excesses and just let the economy he inherited hum along while he focused on deregulation and tax cuts. But even modest restraint is beyond his grasp.
 
nycfan said:


Game Show No GIF by CBC
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WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing, and I want to know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals?

TRUMP: Well, you know, you say, some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is –

WELKER: That’s what I’m getting at.

TRUMP: There are many people on Wall Street who say this is going to be the greatest windfall to ever happen.

WELKER: And that’s my question, long term, is it okay in the short term to have a recession?

TRUMP: Remember this. Look, yeah, it’s everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.
 
superrific said:
Not really. First, the DOGE layoffs have yet to hit. When they do, the numbers will jump up. Isn't the tally more than 100K now?

Second, the report was boosted by 29K new jobs in transportation, especially warehousing and storage (over 10K+ jobs more in April than March). Hmm. Why would that be? Most of those jobs are going to vanish this month.
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People have no idea what is coming. You can't shut off, turn on, shut off, turn on, etc. over and over without massive repercussions.

The market quake after "Liberation Day" was just a mere appetizer. The end will be so much worse. The amount of jobs and money that will be lost. The prices Americans will have to pay for common things.

Still a month or two away at least. But it's coming.
 
nycfan said:
WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing, and I want to know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long term goals?

TRUMP: Well, you know, you say, some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re going to have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this is –

WELKER: That’s what I’m getting at.

TRUMP: There are many people on Wall Street who say this is going to be the greatest windfall to ever happen.

WELKER: And that’s my question, long term, is it okay in the short term to have a recession?

TRUMP: Remember this. Look, yeah, it’s everything’s okay. What we are. I said, this is a transition period. I think we’re going to do fantastically.
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She really sucks at interviewing Trump. Maybe she’s better interviewing other people.

Part of the problem with interviewing Trump is he lies constantly.

I don’t know why news media gives him time.
 
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