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Biden Score Card
Every Tuesday I am going keep a running score card of the destruction of Biden/Democrats/ Socialists. I plan to keep score of the cost of regular gasoline, the Dow Jones Industrial Average and the strength or lack of it against the Chinese RMB or yuan.
The gasoline price is different in many locales. States and local taxes play a big part in the discrepancies. I am going to use the place where I purchase my fuel which is at Costco in the Charleston South Carolina area. I found that they are about 10 cents cheaper than other local stations in the area but not always cheaper than outlying areas. SC is on the lower end of the state tax, Pennsylvania being the highest.
The DJIA will be from Monday unless it’s a holiday and so will the dollar/yuan. Remember with the yuan, the more yuan you get for a dollar the stronger the dollar and Vice a versa .If anyone would like something else followed let me know in comments.
I will post the numbers tomorrow for a benchmark .
Published in General
Any chance of keeping track of Vermont cheddar?
Seriously, thanks for doing this.
Cheddar yes, Vermont no. I’ll take it under advisement.
Maybe the NTers could chip in for the cost to the rest of us of President Groper.
A friend of mine was really upset today about the jobs that will be lost with the cancellation of the Xcel pipeline project. That’s just the beginning.
This might help: https://www.gasbuddy.com/charts
Since Biden plans to expand the labor pool and undercut businesses, I think you should track % of Americans employed.
https://fred.stlouisfed.org/series/CIVPART
Government transfer payments. https://fred.stlouisfed.org/series/B087RC1Q027SBEA
National debt: https://www.usdebtclock.org/
Good ideas. I do some problems trusting the new government numbers however. Also under advisement.
I might add mortgage rates as well.
I’m predicting college endowments will skyrocket with all of the fake jobs critical race theory will create. And if they bail out student loans, those tuition costs will go through the roof. Maybe track average endowment of a four year university? Or average tuition costs?
Most of the things I would like to see tracked probably need to be looked at annually and not week by week. I’m also curious to see if we see a drop in small business creation and patent applications.
Here’s a chart for manufacturing wages adjusted for inflation.
So much of it is already completed, I’m not sure how much can still be “cancelled.” Maybe it can be tied up in court long enough to finish. Especially if the states involved have already agreed etc.
How about the Consumer Price Index (CPI) and/or the price of gold?
Is the scorecard about the destrction of the Biden/Socialists? Or the destruction by the Biden Socialists? I am confused.
I woudl rejoice in their being destroyed, but I am not seeing it.
I second this.
% employed has been rejiggered by not counting people who aren’t looking anymore.
Yes that’s long been a problem with “employment numbers.” There are various figures, they call them E1 or E2 or O1 or O2 or whatever, and they can decide which ones make them look best. Or worst, depending on their agenda.
We need to keep track of two benchmarks:
The data should be things like economic growth, jobless numbers, inflation, stock market, etc. Put another way, the Republicans should do this to be ready to attack the 2022 elections (and 2024) with a vengeance . . .
How soon will Corporate media be dragging out the “Save or Created Job” metric
The yuan/USD is not going to tell us much. The yuan is pegged to the dollar (has been since 1994). Price of gold is a much better choice, as suggested above. Any commodity priced in dollars would do, but gold factors out non monetary supply/demand better. Also consider using the S&P 500 (maybe the Russell 2000 in addition) instead of the DJI. Good luck and remember the yuan peg the next time a politician gets pissy about Chinese currency “manipulation.”
The number I gave is correct. You are thinking about unemployment as widely reported. That is % of active workers looking for a job (active workers is employed + those looking). That is more specifically U3. There is another rate (called U6) that includes discouraged workers and it is always higher than U3. However, the broadest measure is the total number of employed people. This allows for measuring people that drift in/out of the labor force. For example, someone might be retired or a homemaker, but the economy is hot and friend talks them into helping with books at a small business. That was someone who was not counted as unemployed, but became employed. During Obama the number of people in the labor force dropped by 6 million. People in the margins can make money by other means (flea markets, cash work,…) and by looking at % of Americans employed we get see how the overall economy is working for people on the margins.
Please track U1 and U4 unemployment rates
And the price of BitCoin. If the US dollar stops being the world’s reserve currency no one trusts China to replace it with the yuan It will go to a basket of cryptos (for better or worse).
As to market indices and other interest rates:
S&P 500
S&P 1000
FTSE 500
Nikkei 500
Hang Seng
Shanghai
LIBOR and Prime
Crude Oil and natural gas spot prices.
Treasuries: 26 week T-bills, 5 year Notes, 20 tear Bonds
Isn’t China getting all the bitcoin now too?
Prices on 1/19/2021:
Gold: $1838.33/oz.
Silver: $25.22/oz.