Is credit/borrowinf masking how weak the economy really is?

[Ethnic Vagina Finder]

We’ve been in a recession since 2022. But because credit and loans are used so much, consumer spending hasn’t been as affect as it normally wood.

A lot of people are living check to check, including people who make over 100k.

Basically raising interests rates and inflation, has not compelled people to budget.

Companies like door dash and Uber eats should’ve filed for bankruptcy by now. But instead of having a 40 or 50% in monthly disposable income to play with, people are down to 20 to 30% because they don’t want to change habits.

 

[Uitomy]

Usary is just a way for people to lock you in a debt trap. Ideally we’d all just pay a fee for opening a credit account and then being able to pay with zero interest but because the world is ran by idiots, cannibals, perverts, mongers, and overall psychopaths, we have a credit system that profits off the usery of a currency with no value cause it’s fiat

 

[Chrishaune]

Why you think they keep raising the price of everything?

It's not meant for you to get out of the trap.

 

[At30wecashout]

Uhhhh, two questions:

Why do you believe we have been in a 2 year recession?

With that, what do you mean about credit and loans being used so much? Those things literally , credit and loans, are used to get us OUT of recessions. Cheaper money to add liquidity and get things moving again. Its when credit gets tight that you see things are going south.

Also, outside of corporate greed, inflation is a product of high demand for products with low stock. When things stopped being produced the same in 2020, we literally just got out of a bunch of those product lulls. All that said, the #1 issue isn't "The economy", its corporate greed. People's pay is rising in some sectors but we are talking small percentage points when it should be much higher overall. Add that to undertaxing and tax dodging and there are a lot of compounding factors hitting people at once, but greed is #1. Even when certain things were not in a great shortage, the fact that other things went up made big corps decide to raise prices. See fast food: NOBODY is getting paid that damn much in fast food for the price increases that have happened since 2020. A lot of things that are happening are not explained away by recession, its greed.

 

[Samori Toure]

Uhhhh, two questions:

Why do you believe we have been in a 2 year recession?

With that, what do you mean about credit and loans being used so much? Those things literally , credit and loans, are used to get us OUT of recessions. Cheaper money to add liquidity and get things moving again. Its when credit gets tight that you see things are going south.

Also, outside of corporate greed, inflation is a product of high demand for products with low stock. When things stopped being produced the same in 2020, we literally just got out of a bunch of those product lulls. All that said, the #1 issue isn't "The economy", its corporate greed. People's pay is rising in some sectors but we are talking small percentage points when it should be much higher overall. Add that to undertaxing and tax dodging and there are a lot of compounding factors hitting people at once, but greed is #1. Even when certain things were not in a great shortage, the fact that other things went up made big corps decide to raise prices. See fast food: NOBODY is getting paid that damn much in fast food for the price increases that have happened since 2020. A lot of things that are happening are not explained away by recession, its greed.

Why did you do this? Why did you explain how the economy works? Mane we are on thcoli. All that you have to write is Biden bad. Trump good. That is all. With that said what you wrote is correct. Cheap money has been how every President since Clinton, has generated growth in the economy by pushing money into the hands of people through low and even no interest rates loans backed by the government's central bank. That is why we end up having all of these bubbles/crises in housing, banking, stocks, auto makers, etc, erc, etc, which then requires, you guessed it, government bailouts.