re: There are people who think the economy is healthy

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The " doom and gloom " types have been warning of an impending economic recession/depression...and it is coming

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They've also been warning of a recession / trying to wish one into existence for years now. Reminds me of the OT hurricane threads.

Don't get me wrong - just about everything in the economy is some level of fricked (except maybe employment?) but none of those problems are 1-3-5 years old. If you pick one broken thing to complain about, you can probably trace it back for multiple years.

Maybe this shite show just IS the US economy?

I think the biggest problem is labor. Unskilled and low skilled labor demanding middle class wages have thrown things seriously out of whack.

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It's fine now, but won't be in 12 months


You were probably predicting 18 months ago that the home sales and vehicle sales were going to “go off a cliff” any day now.

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I'm a CFP and work for a top investment firm. Even they weren't these predicting worse case scenarios.

We're going to have a recession, just in time for Trumps 2nd term and the dems will blame him for it.

There's a mountain of consumer debt and consumer spending will slow down.

This economy is helping me lose some of the weight gained during COVID....

Not buying as many groceries since they've doubled in price.

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Has it been really? What does Dow 40k really mean when our dollars are worth about 75% of what they were worth in 2021?

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There is some truth to this

But the average person saying how great the economy is doesn't realize markets lead the economy, not the other way around. A rebound is being priced in GOING FORWARD, not that the economy is awesome right now

They also don't understand 1) what the unemployment rate actually represents 2) the impact of the participation rate 3) the concept of underemployment and 4) bifurcating jobs by comp / skill level

+250k jobs means frickall if the bulk of them are fry cooks and most loses are high-salary tax payers

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people are going to absolutely lose their shite.

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Thank goodness I've sold all my shite recently.

The problem is, it's not the market dictating labor costs, you have governments supporting and mandating inflated labor wages.

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The " doom and gloom " types have been warning of an impending economic recession/depression...and it is coming.

Those who prepare for it will do better than those who do not, and yes people are going to absolutely lose their shite.

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Both bolded statements are true, always, regardless of who is in office. The economy in a free market is going to experience fluctuations. Those who are prepared for those fluctuations will generally fare better than those who are not.

Claiming the economy is failed currently is as misguided as claiming it is booming. It is doing what it generally does when not in recession and not on fire.

The economy would be pretty healthy if we didn't print $14 trillion dollars or however much and cause rampant devaluation of the $$$ due to "the pandemic"

But the politicians in congress made a boatload of money from it on stocks at least