Do yall realize how strong the economy is?

[IIVI]

Sounds similar to what Hong Kong went through for 30 years.

Hopefully this isn't the same thing.

If indeed this is the start of a 30-year run, we've failed.

 

[Piff Perkins]

all true but people see the inflaation and feel poorer.

They don't see inflation, which has been dropping for a year. They see increasing prices due to wage growth. All the liberals, Coli posters, and activists who wanted higher wages got their wish. Low wage pay increased (while managerial class pay decreased or stayed stagnant, ironically), companies passed the difference onto customers via raised prices and now those same liberals, Coli posters, and activists are complaining that their McDonalds order costs more now. Service based prices go up and yet consumer spending keeps going up.

 

[IIVI]

They don't see inflation, which has been dropping for a year. They see increasing prices due to wage growth. All the liberals, Coli posters, and activists who wanted higher wages got their wish. Low wage pay increased (while managerial class pay decreased or stayed stagnant, ironically), companies passed the difference onto customers via raised prices and now those same liberals, Coli posters, and activists are complaining that their McDonalds order costs more now. Service based prices go up and yet consumer spending keeps going up.

In addition to the fact people who stay at their job for 10 years make 50% less than people who job hop every 2 years.

Everything going up in price, but bosses everywhere are "rewarding" their most loyal employees with breadcrumbs that don't scale with current prices.

That's the large problem here: the wealthy.

Like we been saying in the tech layoffs thread recently: CEO's are some real shytty people.

 

[Still Benefited]

The inflation cane from them juicing the economy before and after a lockdown. Happened everywhere in the (western at least) world. Remember Trump threatening Powell to keep on juicing, trying to cut taxes and everything - they warned that inflation will spiral outta control and all his cronies were like “he’s a democrat agent”

It’s a pity that economist aren’t commercial anymore, people listen to faux monkeys like Kudlow instead of real economists who only speak in their small conferences or to investors.

"Real economist"? Thats like saying a "real WWE wrestler",except not everybody can do a elbow drop like Macho man. However we can all make up theories and predictions based on "key factors" without having to be right even half the time.

Its political science meaning whoever controls the politics controls the science. You can paint a pretty picture until you cant anymore. Do they ever predict when things are about to go bad? They sure are good at coming out and giving explanations of why it went bad after the fact. But if it was a real science they would be in agreeance and lock step. Or maybe they are,but thats just a service offered to the elites as they sacrifice the sheep. Making them absolutely useless to us with all their "data".


But good for Biden,looks like the economy wont be an issue this election year,nobody couldve expected that. But did you know the senses are like algorithms collecting data? My eyes and ears to the streets dont agree with this assessment. Economist offer less accurate predictions than natal charts that thecoli hates

 

[Gritsngravy]

the economy is doing good because companies because companies are laying people off?

 

[Gritsngravy]

Pre election babble

What happened to the worst recession of all time that coli brehs told me was coming since I joined almost a decade ago?

I mean the banks still damn near in danger that’s really the only reason why they didn’t raise the rates and real estate is still out of control and being manipulated by hedge funds and banks, and necessities still expensive

So I don’t know what “booming economy” even means

 

[Pazzy]

Bidens lying again and he needs to shove those fake numbers up his ass. Another one term president.

 

[beenz]

I'll see ur and raise u this video from TODAY:

 

[beenz]

The average white collar voter doesn't believe those job numbers.

good shyt. u beat me to the punch

 

[50CentStan]

Wages aren't keeping up with inflation. All these releases are fluff for election season.

 

[papa pimp]

The average white collar voter doesn't believe those job numbers.

Great video.

Yeah there are tons of job openings because millions of boomers said fukk it and retired during the pandemic with the younger generations unable to replace them 1:1. And those employers aren't actually trying to fill high paying roles but you can work 2-3 shyt roles to make it all work. To someone being deceitful, they will go "look at the low unemployment!!!!" and "all the jobs added" expecting no one to scrutinize the numbers.

Regional banks like New York Community Bancorp are at risk of spreading contagion.

Consumer debt record high...

GDP is a good metric for the government, not the common man.

shyt is a very mixed bag right now. Not to say nothing good has occurred because I applaud the soft landing and economic growth but get real selling this as win right now.

 

[Gritsngravy]

I'll see ur and raise u this video from TODAY:

Didn’t ups just come out saying they laying 12k people off

 

[cheek100]

Believe jobs numbers in an election year brehs

 

[MajesticLion]

 

[Harry B]

"Real economist"? Thats like saying a "real WWE wrestler",except not everybody can do a elbow drop like Macho man. However we can all make up theories and predictions based on "key factors" without having to be right even half the time.

Its political science meaning whoever controls the politics controls the science. You can paint a pretty picture until you cant anymore. Do they ever predict when things are about to go bad? They sure are good at coming out and giving explanations of why it went bad after the fact. But if it was a real science they would be in agreeance and lock step. Or maybe they are,but thats just a service offered to the elites as they sacrifice the sheep. Making them absolutely useless to us with all their "data".


But good for Biden,looks like the economy wont be an issue this election year,nobody couldve expected that. But did you know the senses are like algorithms collecting data? My eyes and ears to the streets dont agree with this assessment. Economist offer less accurate predictions than natal charts that thecoli hates

Nobody is talking about predictions, son. We are talking about explaining what’s happening right now and what’s happened.

Miss the whole discussion and still feel the need to provide input brehs dem

If you actually paid attention, instead of just talking, you’d see that we were talking about no one — obviously including economist — can foresee pandemics and the various levels of policy responses, irrational political decisions, Houthi rebels mood, Putins mood, Chinese logistic systems, the weather and the list is long, in the same damn time. And then predict if all these factors will increase the average US housing index by 3 or 5 percent. The fact that you even expect an economist to do that says more about how little you know about economics and more so about shat an economist does