Post-Corona Economy
Post-Corona Economy
I want to know what the "typical American home" is.
Post-Corona Economy
It is interesting... there was an op-ed in the WSJ the other day basically saying that the economy is amazing, fantastic, etc. But everyone just whines + bitches about it. Not really the WSJ's thing to put that out there with a Dem president. But the top lines numbers are great. But, what, 70% of the people say it sucks? Cuz it's all rigged for the rich.
It's not me, it's someone else.
Post-Corona Economy
Based on the latest data available from Zillow, as of September 30, the average U.S. home value stands at $348,539, reflecting a 1.1 percent increase over the past year. In January, this figure was $340,332.
It's not me, it's someone else.
Post-Corona Economy
Exactly, the majority of Americans are struggling, being heard, but not being believed.TheCatt wrote: ↑Tue Oct 24, 2023 8:56 pmIt is interesting... there was an op-ed in the WSJ the other day basically saying that the economy is amazing, fantastic, etc. But everyone just whines + bitches about it. Not really the WSJ's thing to put that out there with a Dem president. But the top lines numbers are great. But, what, 70% of the people say it sucks? Cuz it's all rigged for the rich.
The "serve Wall St" model is unsustainable. Too few people eat at that table.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
Thing is, for people who spend, for example, 40% of their income on their basic needs (housing, food, energy, car), a 20% jump in prices means their now paying 48% of their income on basic needs. Barely a glitch. They're not going to put off replacing this year's Mercedes to the new model.
For someone spending 90% of their income to get by, basically paycheck to paycheck, a 20% jump in prices means they now have to give something up in order to keep scraping by.
I forget where I last saw the article, but most people in the USA are just scraping by, and this "great economy" is really hurting, and being told "oh inflation is only 3% this year!" is pissing them off as they stop buying soda they can't afford and give up their dream of ever owning a home.
For someone spending 90% of their income to get by, basically paycheck to paycheck, a 20% jump in prices means they now have to give something up in order to keep scraping by.
I forget where I last saw the article, but most people in the USA are just scraping by, and this "great economy" is really hurting, and being told "oh inflation is only 3% this year!" is pissing them off as they stop buying soda they can't afford and give up their dream of ever owning a home.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Uh...
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
We should cut the IRS' budget so things like this can't happen.
- Republicans.
- Republicans.
It's not me, it's someone else.
Post-Corona Economy
Shouldn't you be out burning a cross in some Republican's yard?
Also, to be fair, that number seems really small and it'd be helpful if how much was spent getting it was also shown.
Also, to be fair, that number seems really small and it'd be helpful if how much was spent getting it was also shown.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
How much was spent to get that $122M? And is that even 10% of the latest Ukraine package? And what's the deficit, again?
And does this mean they laid off the babysitters getting paid on venmo?
And does this mean they laid off the babysitters getting paid on venmo?
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Weird, I logged into twitter this morning instead of dtman.
It's not me, it's someone else.
Post-Corona Economy
Economy grew super fast last quarter.
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures and a variety of other domestic and global headwinds.
Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration.
It's not me, it's someone else.
Post-Corona Economy
Everyone must be doing super well then.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
Maybe they need to pull themselves up by their bootstraps, and make better life decisions?
It's not me, it's someone else.
Post-Corona Economy
That's the line that gets the upper classes shot when the revolution comes.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
I wont ever be in a mob. But I can observe and understand what is going to rile one up.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
How much of the "improved economy" is because prices are being raised, and people MUST pay them to survive? So more stuff isn't being bought. The same amount is being bought at higher prices.
Post-Corona Economy
Economists use real GDP, so inflation is taken into account. Nominal GDP is basically a useless.
It's not me, it's someone else.
Post-Corona Economy
If there's one thing 80s romcoms have taught me, it's that all problems can be solved with my penis.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell