[Hoot Gibson]

This administration is starting to remind me of a previous administration. I am not sure whether this is Obama's third term or Carter's second term but time will tell.

U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy

Surging inflation adds new stress to U.S. economy

The numbers: Consumer prices rose sharply again in April and drove the rate of inflation to the highest level in nearly 13 years, signaling greater stress on the economy as businesses grapple with supply shortages that are raising the cost of many goods and services.

The consumer price index soared 0.8% to match the biggest monthly increase since 2009, the government said Wednesday. Economists polled by Dow Jones and The Wall Street Journal had forecast a milder 0.2% advance.

The rate of inflation over the past year jumped to 4.2% from 2.6% in the prior month — the highest level since 2008.

[vector#1]

This administration is starting to remind me of a previous administration. I am not sure whether this is Obama's third term or Carter's second term but time will tell.

U.S. inflation soars in April to 13-year high, CPI shows, and reveals fresh stress on the economy

Surging inflation adds new stress to U.S. economy

The numbers: Consumer prices rose sharply again in April and drove the rate of inflation to the highest level in nearly 13 years, signaling greater stress on the economy as businesses grapple with supply shortages that are raising the cost of many goods and services.

The consumer price index soared 0.8% to match the biggest monthly increase since 2009, the government said Wednesday. Economists polled by Dow Jones and The Wall Street Journal had forecast a milder 0.2% advance.

The rate of inflation over the past year jumped to 4.2% from 2.6% in the prior month — the highest level since 2008.

Commrade Quooter member of the BNP too bad we have nothing to compare your Dear Leader's record with it's not even close with the last 45 presidents
550,000 Dead Americans because of the Trump Flu
First president to leave office with less jobs than when he took office that's a first since 1776 that one will be hard to break
First president since Hoover to LOSE white house, senate, and the house all in 2 years
First president to be impeached not once but 2 times
First president to work with Russia to get elected now we know the truth
And you crying over a little inflation come on Commrade Quooter
And by the way what's for lunch ?

[Cardfan1]

It’s almost like we are recovering from a recession.
For somebody who claims to know it all about economics every basic occurrence causes you to clutch your pearls @Hoot Gibson

[Hoot Gibson]

There are Democrat economists warning this administration about the dangers of inflation, Twin Ticks. Inflation impacts Democrats the same as it does Republicans. The price of used cars was up 10 percent in April. No matter what lies you cast with your accounts, you will not convince honest people that the inflation that is occurring under this administration is normal.

[vector#1]

There are Democrat economists warning this administration about the dangers of inflation, Twin Ticks. Inflation impacts Democrats the same as it does Republicans. The price of used cars was up 10 percent in April. No matter what lies you cast with your accounts, you will not convince honest people that the inflation that is occurring under this administration is normal.

Commrade Quooter member of the BNP what's for lunch or is it brunch ?
President Biden will have to sink pretty low to match your Dear Leader's record in other words bottom of the barrel

[Cardfan1]

There are Democrat economists warning this administration about the dangers of inflation, Twin Ticks. Inflation impacts Democrats the same as it does Republicans. The price of used cars was up 10 percent in April. No matter what lies you cast with your accounts, you will not convince honest people that the inflation that is occurring under this administration is normal.

It's not normal.  SAY it With Me.  

WE ARE RECOVERING FROM A PANDEMIC. 

Sidenote:  I don't wish Republicans any undue economic pain unlike you folks.

[Hoot Gibson]

Let's see, whose opinion carries more weight, a former top economic advisor under Presidents Clinton and Obama and former Treasury Secretary under Clinton, or Twin Ticks, the guy who needs multiple BGR accounts to draw more attention to is opinions?

Sorry, Twin Ticks, I am going to have to go with the guy who has held real jobs, mostly in the field of economics, even though Summers worked for Clinton and Obama, and despite the fact that the following article was written by a CNN reporter. That is how little stock I put in your opinions.

Larry Summers sends inflation warning to White House: Dominant risk to economy is 'overheating'

(CNN)A leading Democratic economist on Wednesday urged the White House to shift course after the government reported higher-than-expected inflation last month, which has heightened fears of fresh trouble for the recovering US economy.

"Policymakers at the Fed and in the (White House) need to recognize that the risk of a Vietnam inflation scenario is now greater than the deflation risks on which they were originally focused," former Treasury Secretary Lawrence Summers told CNN. "Whatever was the case a few months ago, it should now be clear that overheating -- not excess slack -- is the dominant economic risk facing the US over the next year or two."

On the heels of a disappointing jobs report last week, the government reported consumer prices rose 4.2% in April over a year earlier, and 0.8% on a seasonally adjusted basis between March and April. Both figures exceeded earlier forecasts, just as the 266,000 April jobs gain fell far short of expectations.

The news came as Americans in the Southeast caused a fuel shortage by panic-buying gasoline in the days after a cyberattack caused the Colonial Pipeline to shut down. The pipeline, which supplies a large portion of the East Coast's fuel, was restarted Wednesday afternoon.

Summers, a top economic adviser to former Presidents Barack Obama and Bill Clinton, warned earlier this year that Biden's $1.9 trillion Covid relief bill might overstimulate and damage the economy by sparking excessive inflation. Biden aides responded that, while they were monitoring inflation risks, the danger of spending too little to recover from the effects of the pandemic exceeded the risks of spending too much.

[The Outsider]

If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem. It may be a tad bit higher than expected, but not alarming at this time.

[Hoot Gibson]

If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem.  It may be a tad bit higher than expected, but not alarming at this time.

You may be right but history and former Treasury Secretary Summers says that there is a good chance that you are wrong. However, fears over inflation may cause Biden's deficit spending plans to be scaled way back to reduce the danger. As long as prices are spiraling upward, I can't see Congress passing $4 trillion in new spending this year.

[vector#1]

Let's see, whose opinion carries more weight, a former top economic advisor under Presidents Clinton and Obama and former Treasury Secretary under Clinton, or Twin Ticks, the guy who needs multiple BGR accounts to draw more attention to is opinions?

Sorry, Twin Ticks, I am going to have to go with the guy who has held real jobs, mostly in the field of economics, even though Summers worked for Clinton and Obama, and despite the fact that the following article was written by a CNN reporter. That is how little stock I put in your opinions.

Larry Summers sends inflation warning to White House: Dominant risk to economy is 'overheating'

(CNN)A leading Democratic economist on Wednesday urged the White House to shift course after the government reported higher-than-expected inflation last month, which has heightened fears of fresh trouble for the recovering US economy.

"Policymakers at the Fed and in the (White House) need to recognize that the risk of a Vietnam inflation scenario is now greater than the deflation risks on which they were originally focused," former Treasury Secretary Lawrence Summers told CNN. "Whatever was the case a few months ago, it should now be clear that overheating -- not excess slack -- is the dominant economic risk facing the US over the next year or two."

On the heels of a disappointing jobs report last week, the government reported consumer prices rose 4.2% in April over a year earlier, and 0.8% on a seasonally adjusted basis between March and April. Both figures exceeded earlier forecasts, just as the 266,000 April jobs gain fell far short of expectations.

The news came as Americans in the Southeast caused a fuel shortage by panic-buying gasoline in the days after a cyberattack caused the Colonial Pipeline to shut down. The pipeline, which supplies a large portion of the East Coast's fuel, was restarted Wednesday afternoon.

Summers, a top economic adviser to former Presidents Barack Obama and Bill Clinton, warned earlier this year that Biden's $1.9 trillion Covid relief bill might overstimulate and damage the economy by sparking excessive inflation. Biden aides responded that, while they were monitoring inflation risks, the danger of spending too little to recover from the effects of the pandemic exceeded the risks of spending too much.

Commrade Quooter you still on your lunch break ?

[Cardfan1]

If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem.  It may be a tad bit higher than expected, but not alarming at this time.

You may be right but history and former Treasury Secretary Summers says that there is a good chance that you are wrong. However, fears over inflation may cause Biden's deficit spending plans to be scaled way back to reduce the danger. As long as prices are spiraling upward, I can't see Congress passing $4 trillion in new spending this year.

One dude says it's going to overheat;  another expert says we are on the path to a boom.  Every day there is a new headline or expert.  If you blow your top on this constantly, Hooter, you're going to be on a higher dose of blood pressure meds.

[Hoot Gibson]

If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem.  It may be a tad bit higher than expected, but not alarming at this time.

You may be right but history and former Treasury Secretary Summers says that there is a good chance that you are wrong. However, fears over inflation may cause Biden's deficit spending plans to be scaled way back to reduce the danger. As long as prices are spiraling upward, I can't see Congress passing $4 trillion in new spending this year.

One dude says it's going to overheat;  another expert says we are on the path to a boom.  Every day there is a new headline or expert.  If you blow your top on this constantly, Hooter, you're going to be on a higher dose of blood pressure meds.

There are plenty of "dudes" warning Biden about inflation, including the dude who was the top economic adviser for Presidents Clinton and Obama. You're right about there being a new headline every day - a new headline warning about inflation getting even worse than it is now.

[Hoot Gibson]

Prices are rising so fast, Biden had to update the cost of his infrastructure bill in the middle of his speech.

[Video: ]

[vector#1]

Prices are rising so fast, Biden had to update the cost of his infrastructure bill in the middle of his speech.

[Video: ]

Commrade Quooter a doctored video ?

[Cardfan1]

This whole thread is laughable. Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years?

Hypocrisy as usual.

[Hoot Gibson]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

[vector#1]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

Commrade Quooter Obama also warned us about your Dear Leader every time you post on here it just shows how big a Hypocrite you are

---

---

Commrade Quooter he hit that nail on the head

[Cardfan1]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

Obama’s did and he got it under control. 
Trump’s stayed high until he got it to an unbelievably low rate.  It was a miracle all he had to do was allow a Pandemic to ravage the most powerful nation in the world. 

Maybe Uncle Joe should take a page out of Trumpy’s book and restart the pandemic so inflation will go back down. 

for a smart guy...you get locked on some of the silliest obtuse ideas.

[vector#1]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

Obama’s did and he got it under control. 
Trump’s stayed high until he got it to an unbelievably low rate.  It was a miracle all he had to do was allow a Pandemic to ravage the most powerful nation in the world. 

Maybe Uncle Joe should take a page out of Trumpy’s book and restart the pandemic so inflation will go back down. 

for a smart guy...you get locked on some of the silliest obtuse ideas.

FYI Commrade Quooter is not a "smart guy" but I will give him Kudos on be Loyal or it could be the Kool-Aid

[Hoot Gibson]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

Obama’s did and he got it under control. 
Trump’s stayed high until he got it to an unbelievably low rate.  It was a miracle all he had to do was allow a Pandemic to ravage the most powerful nation in the world. 

Maybe Uncle Joe should take a page out of Trumpy’s book and restart the pandemic so inflation will go back down. 

for a smart guy...you get locked on some of the silliest obtuse ideas.

Wow, Twin Ticks, you have outdone yourself. You have managed to misstate the economic records of three presidents in this thread. As I have always said, honest debate requires two honest participants. Anybody who attempts to debate you will always be at least one short of that requirement.

[Cardfan1]

This whole thread is laughable.  Trumpies are now trying to play fiscal responsibility and decry inflation.

Where were you when Trump was tossing money around running a higher inflation rate than Obama, where were you when Obama was running inflation rates lower than every administration in the past 40 years? 

Hypocrisy as usual.

Twin Ticks, Trump is no longer president. Obama is no longer president. The inflation rate during both the Obama and Trump administrations did not soar out of control. Biden IS president and the inflation rate is soaring out of control, less than four months into his term. Obama warned us about China Joe.

Obama on Joe Biden: 'Don't Underestimate Joe's Ability to F**k Things Up'

Obama’s did and he got it under control. 
Trump’s stayed high until he got it to an unbelievably low rate.  It was a miracle all he had to do was allow a Pandemic to ravage the most powerful nation in the world. 

Maybe Uncle Joe should take a page out of Trumpy’s book and restart the pandemic so inflation will go back down. 

for a smart guy...you get locked on some of the silliest obtuse ideas.

Wow, Twin Ticks, you have outdone yourself. You have managed to misstate the economic records of three presidents in this thread. As I have always said, honest debate requires two honest participants. Anybody who attempts to debate you will always be at least one short of that requirement.

What a nothing response!!! 

didn’t Obama have a massive inflation rate and then it lowered? 

didn’t your dear leader lower his from the 2.3% or so to 1.2% with the Pandemic?  

Those a relatively close numbers.  Different reports will have minute differences.

[Hoot Gibson]

Jimmy Carter has finally done it! 

The former president has lived to see the worst American president in history without needing a mirror. Soaring home prices, soaring gas prices, increasing violence in the Middle East as a result of cozying up to Iran again...it is as if China Joe is using Carter's presidency as an Oval Office instruction manual, except he is determined to repeat all of Carter's mistakes in his first year.

Inflation is here and Biden's extravagant spending plans are not going to let it go away any time soon.

Home prices spike by most in 15 years

Prices rose 13.2% year over year

U.S. home prices in March posted their biggest annual increase in more than 15 years as the COVID-19 pandemic sped up the flight from city centers to the suburbs, causing demand to outstrip an already tight supply.

Home prices rose 13.2% year over year in March, according to the national Case-Shiller index, making for the largest increase since December 2005. Prices are now 32% above their 2006 peak.

"Massive home buying demand shows no signs of abating despite some rise in mortgage rates and concerns of overheated home price growth," said CoreLogic deputy chief economist Selma Hepp. "At the same time, hopes that new listings would proliferate as mass vaccinations encourage baby boomers to list their homes is showing little signs of taking place."

The 20-city composite jumped 13% compared to a year ago, up from a 12% gain the previous month. All 20 of the cities in the index reported higher prices in March than in February with Phoenix (+20%), San Diego (+19.1%) and Seattle (+18.3%) continuing to see the biggest gains. Chicago (+9%) was the only city to see a single-digit increase.

[vector#1]

Jimmy Carter has finally done it! 

The former president has lived to see the worst American president in history without needing a mirror. Soaring home prices, soaring gas prices, increasing violence in the Middle East as a result of cozying up to Iran again...it is as if China Joe is using Carter's presidency as an Oval Office instruction manual, except he is determined to repeat all of Carter's mistakes in his first year.

Inflation is here and Biden's extravagant spending plans are not going to let it go away any time soon.

Home prices spike by most in 15 years

Prices rose 13.2% year over year

U.S. home prices in March posted their biggest annual increase in more than 15 years as the COVID-19 pandemic sped up the flight from city centers to the suburbs, causing demand to outstrip an already tight supply.

Home prices rose 13.2% year over year in March, according to the national Case-Shiller index, making for the largest increase since December 2005. Prices are now 32% above their 2006 peak.

"Massive home buying demand shows no signs of abating despite some rise in mortgage rates and concerns of overheated home price growth," said CoreLogic deputy chief economist Selma Hepp. "At the same time, hopes that new listings would proliferate as mass vaccinations encourage baby boomers to list their homes is showing little signs of taking place."

The 20-city composite jumped 13% compared to a year ago, up from a 12% gain the previous month. All 20 of the cities in the index reported higher prices in March than in February with Phoenix (+20%), San Diego (+19.1%) and Seattle (+18.3%) continuing to see the biggest gains. Chicago (+9%) was the only city to see a single-digit increase.

Quooter the worst President ever was your Dear Leader the numbers don't lie unlike you.
Are we headed for the same housing crisis like we did in 2008 ?
After the last president rolled back all the regulations in the dodd frank act.

Trump’s Assault on Financial Reform - The American Prospect
Now as far as interest rates going up me personal would love to see them go up make that bank.
Quooter you have to be the Biggest Liar on here.

[Cardfan1]

Jimmy Carter has finally done it! 

The former president has lived to see the worst American president in history without needing a mirror. Soaring home prices, soaring gas prices, increasing violence in the Middle East as a result of cozying up to Iran again...it is as if China Joe is using Carter's presidency as an Oval Office instruction manual, except he is determined to repeat all of Carter's mistakes in his first year.

Inflation is here and Biden's extravagant spending plans are not going to let it go away any time soon.

Home prices spike by most in 15 years

Prices rose 13.2% year over year

U.S. home prices in March posted their biggest annual increase in more than 15 years as the COVID-19 pandemic sped up the flight from city centers to the suburbs, causing demand to outstrip an already tight supply.

Home prices rose 13.2% year over year in March, according to the national Case-Shiller index, making for the largest increase since December 2005. Prices are now 32% above their 2006 peak.

"Massive home buying demand shows no signs of abating despite some rise in mortgage rates and concerns of overheated home price growth," said CoreLogic deputy chief economist Selma Hepp. "At the same time, hopes that new listings would proliferate as mass vaccinations encourage baby boomers to list their homes is showing little signs of taking place."

The 20-city composite jumped 13% compared to a year ago, up from a 12% gain the previous month. All 20 of the cities in the index reported higher prices in March than in February with Phoenix (+20%), San Diego (+19.1%) and Seattle (+18.3%) continuing to see the biggest gains. Chicago (+9%) was the only city to see a single-digit increase.

Quooter the worst President ever was your Dear Leader the numbers don't lie unlike you.
Are we headed for the same housing crisis like we did in 2008 ?
After the last president rolled back all the regulations in the dodd frank act.

Trump’s Assault on Financial Reform - The American Prospect
Now as far as interest rates going up me personal would love to see them go up make that bank.
Quooter you have to be the Biggest Liar on here.

Hooter forgot we are recovering from a Pandemic his Dear Leader allowed to ravage our nation.

[vector#1]

Jimmy Carter has finally done it! 

The former president has lived to see the worst American president in history without needing a mirror. Soaring home prices, soaring gas prices, increasing violence in the Middle East as a result of cozying up to Iran again...it is as if China Joe is using Carter's presidency as an Oval Office instruction manual, except he is determined to repeat all of Carter's mistakes in his first year.

Inflation is here and Biden's extravagant spending plans are not going to let it go away any time soon.

Home prices spike by most in 15 years

Prices rose 13.2% year over year

U.S. home prices in March posted their biggest annual increase in more than 15 years as the COVID-19 pandemic sped up the flight from city centers to the suburbs, causing demand to outstrip an already tight supply.

Home prices rose 13.2% year over year in March, according to the national Case-Shiller index, making for the largest increase since December 2005. Prices are now 32% above their 2006 peak.

"Massive home buying demand shows no signs of abating despite some rise in mortgage rates and concerns of overheated home price growth," said CoreLogic deputy chief economist Selma Hepp. "At the same time, hopes that new listings would proliferate as mass vaccinations encourage baby boomers to list their homes is showing little signs of taking place."

The 20-city composite jumped 13% compared to a year ago, up from a 12% gain the previous month. All 20 of the cities in the index reported higher prices in March than in February with Phoenix (+20%), San Diego (+19.1%) and Seattle (+18.3%) continuing to see the biggest gains. Chicago (+9%) was the only city to see a single-digit increase.

Quooter the worst President ever was your Dear Leader the numbers don't lie unlike you.
Are we headed for the same housing crisis like we did in 2008 ?
After the last president rolled back all the regulations in the dodd frank act.

Trump’s Assault on Financial Reform - The American Prospect
Now as far as interest rates going up me personal would love to see them go up make that bank.
Quooter you have to be the Biggest Liar on here.

Hooter forgot we are recovering from a Pandemic his Dear Leader allowed to ravage our nation.

Quooter has had that problem for a long time NO cure for the DA illness

[Hoot Gibson]

Another bad month for the Biden economy.

A key U.S. inflation gauge rose 3.1% year over year, higher than expected

   
[*]The core personal consumption expenditures price index increased 3.1% in April from a year earlier.
   
[*]Federal Reserve officials consider the core PCE to be the best gauge of inflation.
   
[*]Personal income dropped sharply as the effects faded from March’s government stimulus checks.

A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday.

The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the best gauge for inflation, though they watch a number of metrics.

As part of its price stability mandate, the Fed considers 2% to be healthy, though it is committed to letting the level average higher than usual in the interest of promoting full employment.

The index captures price movements across a variety of goods and services and is generally considered a wider-ranging measure for inflation as it captures changes in consumer behavior and has a broader scope than the Labor Department’s consumer price index. The CPI accelerated 4.2% in April.

Over the past month, core PCE rose 0.7 %, also quicker than the expected 0.6%.

Including volatile food and energy prices, the headline PCE index jumped 3.6% year over year and 0.6% from March.

[Hoot Gibson]

More bad economic news. Just wait until China Joe and his crackpot economic team get warmed up.

US durable goods orders drop 1.3% in April
Economists had expected durable goods orders to rise about 0.7% last month

WASHINGTON — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.

The Commerce Department reported Thursday that orders for factory goods meant to last at least three years fell 1.3% in April after rising 1.3% in March. Transportation orders skidded 6.7%. Excluding transportation, which can swing sharply from month to month, durable goods orders were up 1% in April.

Factories have been hamstrung by a shortage of supplies as the U.S. economy reopens from the COVID-19 pandemic and demand for goods and services rebounds rapidly. Orders for auto parts, disrupted by a shortage of computer chips, dropped 6.2% in April. Orders for military capital goods dropped 25.8% after falling 11.7% in March.

[vector#1]

More bad economic news. Just wait until China Joe and his crackpot economic team get warmed up.

US durable goods orders drop 1.3% in April
Economists had expected durable goods orders to rise about 0.7% last month

WASHINGTON — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production.

The Commerce Department reported Thursday that orders for factory goods meant to last at least three years fell 1.3% in April after rising 1.3% in March. Transportation orders skidded 6.7%. Excluding transportation, which can swing sharply from month to month, durable goods orders were up 1% in April.

Factories have been hamstrung by a shortage of supplies as the U.S. economy reopens from the COVID-19 pandemic and demand for goods and services rebounds rapidly. Orders for auto parts, disrupted by a shortage of computer chips, dropped 6.2% in April. Orders for military capital goods dropped 25.8% after falling 11.7% in March.

After President Biden's 8 year term ends if he ADDS just ONE job he has passed your Dear Leader

[Hoot Gibson]

The contents of this message are hidden because vector#1 is on your ignore list.

[vector#1]

The contents of this message are hidden because vector#1 is on your ignore list.

Quooter having hard time debating facts
Dear Leader only president in History to leave office without adding the first job NOT ONE JOB IN 4 YEARS