Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

walkingman

(8,790 posts)

2. The economy is doing well.

Reply to Marthe48 (Original post)

Sun Jul 23, 2023, 10:38 AM

Jul 2023

The Dow actually dropped to about 19,300 in March 2020 and Peaked at about 36,200 in November 2021.

Then the Fed started raising rates and it dipped to around 28,500 in September 2022 and now back up to about 35,200 with it looks like a couple more interest rate increases coming up?

Yes, the economy is strong. "Bidenomics" has been remarkable especially considering the dramatic rise in interest rates. Employment is strong. The biggest issue is inflation and that is also coming down...at least on paper.

With the Inflation Reduction Act and The Infrastructure Bill just beginning there is much demand for workers these days but also problems such as "work from home", wages not keeping up with inflation, housing costs, childcare, etc. and CORPORATE GREED.

IMO, the biggest issue we have these days is political dystopia by the GOP and Trump - which seem to be connected.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

2 replies