It's a bit hilarious how desperate people are for the economy to be bad. I mean sure, pray to Jesus to become poorer. That seems productive.
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Harambe wrote:
Real wages still higher than any time during Trump's term despite war in Ukraine and legendary supply chain issues.
Brandon appears to be 'killing it.'
By "it" you mean the economy, your retirement, your home, your savings, your grocery bill?
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joedlrt wrote:
Harambe wrote:
Real wages still higher than any time during Trump's term despite war in Ukraine and legendary supply chain issues.
Brandon appears to be 'killing it.'
By "it" you mean the economy, your retirement, your home, your savings, your grocery bill?
500k new jobs? Energy prices falling? Sure, the air has come out of an outstanding post-COVID run-up but so what? You'd agree tech stocks were overvalued anyway.
Get an electric car if you're so triggered by gas prices. Brandon will even give a rebate for it! Free money!
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joedlrt wrote:
Harambe wrote:
Real wages still higher than any time during Trump's term despite war in Ukraine and legendary supply chain issues.
Brandon appears to be 'killing it.'
By "it" you mean the economy, your retirement, your home, your savings, your grocery bill?
Also hmm....? Real estate prices are one of the biggest contributors to inflation. It's good that insane YoY growth is slowing in real estate. Scarcity of places to live = bad for quality of live and a growing economy.
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Harambe wrote:
joedlrt wrote:
By "it" you mean the economy, your retirement, your home, your savings, your grocery bill?
500k new jobs? Energy prices falling? Sure, the air has come out of an outstanding post-COVID run-up but so what? You'd agree tech stocks were overvalued anyway.
Get an electric car if you're so triggered by gas prices. Brandon will even give a rebate for it! Free money!
Real wages down 3.5% last year. Crushing it.
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joedlrt wrote:
Harambe wrote:
500k new jobs? Energy prices falling? Sure, the air has come out of an outstanding post-COVID run-up but so what? You'd agree tech stocks were overvalued anyway.
Get an electric car if you're so triggered by gas prices. Brandon will even give a rebate for it! Free money!
Real wages down 3.5% last year. Crushing it.
I already admitted as much. Still better than 2016-2020. Real wage stagnation is (unfortunately) common in the last few decades. AKA the post-COVID growth was legendarily good (thanks Brandon).
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First the unemployment numbers were 3.6% after the trump tax cuts and Biden is only seeing those numbers now because it’s the end of the tyrannical lockdowns that the democrats caused. Biden has almost doubled federal spending and is subsidizing a lot of these jobs, so they aren’t even permanent. Furthermore, printing even more money is only going to weaken the economy more. The spending levels are so extraordinary, it’s never been done in history. We are guinea pigs to a new theory called modern monetary theory that has no basis in economics, but is the only theory taught at woke liberal arts colleges. Anyone who has debts right now, job insecurity, is a renter, or health problems is going to be majorly screwed over in the next ten years.
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AlohaState wrote:
First the unemployment numbers were 3.6% after the trump tax cuts and Biden is only seeing those numbers now because it’s the end of the tyrannical lockdowns that the democrats caused. Biden has almost doubled federal spending and is subsidizing a lot of these jobs, so they aren’t even permanent. Furthermore, printing even more money is only going to weaken the economy more. The spending levels are so extraordinary, it’s never been done in history. We are guinea pigs to a new theory called modern monetary theory that has no basis in economics, but is the only theory taught at woke liberal arts colleges. Anyone who has debts right now, job insecurity, is a renter, or health problems is going to be majorly screwed over in the next ten years.
The US was not under 'lockdown' for more than about 3 weeks in March/April 2020. I stopped reading after that babbling.
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If 100% of the people didn't want to work, the unemployment rate would be 0%.
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CrispyChicken wrote:
If 100% of the people didn't want to work, the unemployment rate would be 0%.
And the employment rate would be 0%.
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I'm not too worried about the drop in the stock market, and thus, in retirement accounts, because that will be overcome in the next few years. Far better to have a job and rising salaries than low inflation but high unemployment. Salaries rose 5.2% in the past year, and gas prices are way down over the past month--around $3.80 where I live now. With unemployment at 3.5%, the lowest in 50 years, and all the job losses from the Pandemic erased (the private sector has gained 629,000 jobs over pre-Pandemic times, while government has lost 600,000 over that period), almost anyone can get a job if he or she wants it. With a job, the inflation hurts a bit--not too much with the pay increases, though, but you are sunk without a job, low inflation or not. So, times are good for workers. You know who really hates inflation? Creditors. Wealthy and institutions. Debts are worth less with high inflation.
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Harambe wrote:
AlohaState wrote:
First the unemployment numbers were 3.6% after the trump tax cuts and Biden is only seeing those numbers now because it’s the end of the tyrannical lockdowns that the democrats caused. Biden has almost doubled federal spending and is subsidizing a lot of these jobs, so they aren’t even permanent. Furthermore, printing even more money is only going to weaken the economy more. The spending levels are so extraordinary, it’s never been done in history. We are guinea pigs to a new theory called modern monetary theory that has no basis in economics, but is the only theory taught at woke liberal arts colleges. Anyone who has debts right now, job insecurity, is a renter, or health problems is going to be majorly screwed over in the next ten years.
The US was not under 'lockdown' for more than about 3 weeks in March/April 2020. I stopped reading after that babbling.
Just a little refresher for you. You obviously have forgotten about lockdown measures in places like CA:
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Harambe wrote:
Real wages still higher than any time during Trump's term despite war in Ukraine and legendary supply chain issues.
Brandon appears to be 'killing it.'
This is not true. Especially once you factor in that real inflation is actually 18% not 9.1% that the consumer propaganda index claims.
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joedlrt wrote:
Harambe wrote:
The US was not under 'lockdown' for more than about 3 weeks in March/April 2020. I stopped reading after that babbling.
Just a little refresher for you. You obviously have forgotten about lockdown measures in places like CA:
Exactly, nothing approaching a 'lockdown' after the first few weeks.
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Sir Adam Smith wrote:
Harambe wrote:
Real wages still higher than any time during Trump's term despite war in Ukraine and legendary supply chain issues.
Brandon appears to be 'killing it.'
This is not true. Especially once you factor in that real inflation is actually 18% not 9.1% that the consumer propaganda index claims.
Ah yes, the 'if I fabricate numbers out of thin air then the situation matches my fantasy' approach. Clever!
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joedlrt wrote:
Harambe wrote:
Exactly, nothing approaching a 'lockdown' after the first few weeks.
Tell that to a restaurant owner or hair salon.
Tell that to the unemployment figures that show that nobody who wants a job is out of one.
Undoubtedly there was damage from the mitigation measures but the net result after everything is over is more people working making more money. What a loss!
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Harambe wrote:
joedlrt wrote:
By "it" you mean the economy, your retirement, your home, your savings, your grocery bill?
Also hmm....? Real estate prices are one of the biggest contributors to inflation. It's good that insane YoY growth is slowing in real estate. Scarcity of places to live = bad for quality of live and a growing economy.
Real estate prices aren't part of the CPI. Rent prices are and they are still going way up. Mortgage payments will also continue to go up due to interest rates.
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Harambe wrote:
joedlrt wrote:
Tell that to a restaurant owner or hair salon.
Tell that to the unemployment figures that show that nobody who wants a job is out of one.
Undoubtedly there was damage from the mitigation measures but the net result after everything is over is more people working making more money. What a loss!
We don't have "more" working, the size of the labor force is still smaller than it was pre-pandemic. And years of "legendary" supply chain issues, with probably more yet to come.
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Hardloper wrote:
Harambe wrote:
Tell that to the unemployment figures that show that nobody who wants a job is out of one.
Undoubtedly there was damage from the mitigation measures but the net result after everything is over is more people working making more money. What a loss!
We don't have "more" working, the size of the labor force is still smaller than it was pre-pandemic. And years of "legendary" supply chain issues, with probably more yet to come.
Yes, boomers haven't figured out how to stop aging yet.
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