AFTER GROWING THE ECONOMY 3% BLS NOW REVISES JOB NUMBERS DOWN -911,000

[kevin arnold]

So they go back and try to manipulate the numbers, and try to blame it on Biden

 

[Samori Toure]

So they go back and try to manipulate the numbers, and try to blame it on Biden

Yes. They are cooking the books, because nothing can ever be Trump's fault. It was his economy when they got reports that they liked, but when the damage from his tariffs hit and consumer spending slowed down due to those tariffs and that triggered production slowdowns for manufacturers and layoffs of employees; they had to find a way to blame it on Joe Biden.

 

[Bryan Danielson]

 

[Kiyoshi-Dono]

Bring on the Ted Faro plague

 

[Nkrumah Was Right]

What u are looking at now is stagflation, horrible employment combined with rising prices



During the 1970s stagflation, the Federal Reserve responded to persistent inflation by raising interest rates, which peaked around 1980-1981, with the federal funds rate reaching nearly 21%. These high rates, driven by policies to combat inflation and a shift away from the gold standard, contributed to the economic instability of the era, leading to soaring inflation and high unemployment that defined the period.

High Inflation and Mortgage Rates

• High Inflation:
  The 1970s experienced some of the highest inflation rates in modern U.S. history, with the cost of living rising dramatically.
  
  
• Soaring Mortgage Rates:
  This high inflation was mirrored in mortgage interest rates, which rose significantly and were a major component of the overall CPI, reaching nearly 20% by the early 1980s.

Federal Reserve's Response

• Monetary Policy Tightening:
  The Fed, under Paul Volcker, implemented a vice-like tightening of monetary policy in the late 1970s and early 1980s.

1970s/80s redux

Minus the crack