General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dow Jones hit a new high today-- 37,000
It's gone down a bit since then but it's still a new high overall.
Obviously the stock market is only part of the economy and it really only helps those better off, but a huge number of Americans have retirement funds in the stock market, and this is very good news for them.
Thanks Biden!
Walleye
(31,044 posts)LymphocyteLover
(5,654 posts)Just an incredibly productive 3 years so far!
And yeah, my retirement account is looking good!
Johnny2X2X
(19,114 posts)He'd be taking a massive victory tour. MArkets at all time highs. 5,2% GDP growth. 3.7% UE. Wage growth higher than inflation for several months. This economy is the best it's been in 25 years.
LymphocyteLover
(5,654 posts)but but but iNfLaTiOn!
Johnny2X2X
(19,114 posts)Last edited Thu Dec 14, 2023, 09:32 AM - Edit history (1)
This Holiday season, make sure people know this was global inflation. The United Kingdon still has inflation of 5.6% right now, the US did much better than our economic peers. And the UK right now has a shrinking economy while the US's grew at 5.2% last quarter.
Get people talking about inflation in other xcountries and they'll agree this was global inflation.
LymphocyteLover
(5,654 posts)LetMyPeopleVote
(145,530 posts)LetMyPeopleVote
(145,530 posts)LymphocyteLover
(5,654 posts)llmart
(15,552 posts)The woman is brilliant.
Emile
(22,897 posts)before their voters realize how good the Biden economy is
llmart
(15,552 posts)they've lost the ability to claim how TERRIBLE our economy is.
They picked a very inconvenient day for them to launch their charade.
LymphocyteLover
(5,654 posts)yardwork
(61,703 posts)Norbert
(6,041 posts)Inflation is at a manageable lower level. The are looking at possibly lowering interest rates in 2024, three times is a possibility.
This happened early yesterday afternoon. The Dow, already in positive territory hit overdrive after that.
This is great news heading into 2024 for Wall Street, Main Street and for Biden-Harris2024.
Look for the Jordan-Biggs-Comer clown show to continue with impeachment without evidence.
brooklynite
(94,724 posts)LymphocyteLover
(5,654 posts)ProudMNDemocrat
(16,789 posts)Our IRAs are doing fantastic.
Those funds we put into a Money Market account are holding steady. We did that when the Market was plunging in 2020. Had we not done that, we would have not been able to pay off our house and improve things before selling it.
Thanks Joe.