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Posted on 10/30/24 at 9:13 am to mmmmmbeeer
quote:
Slightly missed the 3.1% expectation but still strong.
Ah, when your propaganda can't stand up on the PT board, you move it here? You're so brave.
quote:
Inflation back down to 1.5%.
No one believes that.
quote:
Unemployment still below 5%.
No one believes that
quote:
Incomes are up.
No one believes that.
quote:
Why is everyone saying the economy sucks?
Because real inflation is over 20%. Grocery bills, energy, literally every single cost metric that real people pay is higher.
quote:
We're kicking the rest of the world's arse since COVID
We have the highest real sustained inflation rate since COVID of any developed country.
quote:
mmmmmbeeer
You are quite the simp.
Posted on 10/30/24 at 9:15 am to The Pirate King
quote:
You do realize that consumer spending is not always a good thing. In this case consumer spending has led to record high credit card debt
And many people spending 40%+ of their income on housing.
This post was edited on 10/30/24 at 9:16 am
Posted on 10/30/24 at 9:15 am to mmmmmbeeer
Terribly misleading.
I got an idea, lets raise the price on everything by 80% and then right before the election, lower it about 15% and we can say "look what we did for you!"
I got an idea, lets raise the price on everything by 80% and then right before the election, lower it about 15% and we can say "look what we did for you!"
Posted on 10/30/24 at 9:17 am to mmmmmbeeer
quote:
FWIW, Q2 was not revised this morning.
Here you go, dipshit.
August - revised down by 800,000 jobs
There will be no difference in a week when the new numbers come out.
Posted on 10/30/24 at 9:18 am to HottyToddy7
quote:
It is 1 week from an election and the incumbent party is trying to make you think the economy is strong. It isn't hard to figure out.
The sad part, is he believes what the government tells him. The same government that told him masks work, and Covid came from bat soup.
Posted on 10/30/24 at 9:19 am to mmmmmbeeer
People feel poorer due to the higher prices they are paying for everything - food, insurance, real estate, vehicles. They don't feel better off now than pre Covid.
Posted on 10/30/24 at 9:26 am to mmmmmbeeer
Pay is lagging behind inflation for most people. Someone will reply with a statistic that shows otherwise, but the lower 75% of employed people are not having their pay keep up, while the top 25% or so are bringing up the numbers
Posted on 10/30/24 at 9:27 am to mmmmmbeeer
quote:
This isn't a liberal or conservative thing, man.
The problem with society is that unless you make about a million a year you’re basically the poverty class
If you make 150k people that don’t work have the same stuff as you and sometimes better stuff and they have plenty of time to enjoy it whereas you’re always at work
But “poor” people also don’t have to worry about the price of groceries because they get like 5 grand a month on their ebt card
Eventually America will have 100 rich guys and everybody else will live in one big trailer park. Dummies who choose to go to work like doctors and lawyers will live next door in the trailer park to smart people who game the system and get a check
Posted on 10/30/24 at 9:27 am to BugAC
quote:
August - revised down by 800,000 jobs
Almost one million jobs overcounted proves they're just flat out lying.
Posted on 10/30/24 at 9:28 am to mmmmmbeeer
Very likely these numbers will be revised and adjusted after the election.
Posted on 10/30/24 at 9:30 am to mmmmmbeeer
quote:
Slightly missed the 3.1%
how much of this was Gov spending creampie?Posted on 10/30/24 at 9:30 am to mmmmmbeeer
How long till these numbers get updated?
Exactly like the crime numbers they tried to “fact check” Trump on during the debate.
*Trump was actually 100% correct and the numbers were false. Conveniently updated after the debate.
Didn’t stop the fake news from reporting it though…..just no mention when the numbers were revised.
Since we’re doing Politics on the OT, my contribution is that democrats are pieces of shite child groomers.
Exactly like the crime numbers they tried to “fact check” Trump on during the debate.
*Trump was actually 100% correct and the numbers were false. Conveniently updated after the debate.
Didn’t stop the fake news from reporting it though…..just no mention when the numbers were revised.
Since we’re doing Politics on the OT, my contribution is that democrats are pieces of shite child groomers.
Posted on 10/30/24 at 9:30 am to mmmmmbeeer
Because it still cost $50 to make a gumbo, jackass
This post was edited on 10/30/24 at 9:31 am
Posted on 10/30/24 at 9:32 am to Upperdecker
quote:
Someone will reply with a statistic that shows otherwise,
Their go to is the stock market, which means the rich are getting richer.
Importing millions of unskilled, uneducated people and flooding the market with cash is how you destroy and economy.
Posted on 10/30/24 at 9:35 am to fallguy_1978
My portfolio is great
My income is up
Business is good
Debt is reasonable.
The inflation was inevitable after Covid. Shutting down worldwide production is going to raise prices. A lot of price increases we see today is just because of greed. Only way to combat is for Americans to stop buying the products. But we need milk and eggs.
Otherwise , Americans thirst to consume is going nowhere, and sellers will take advantage.
The narrative that the economy is bad is silly. It’s been robust for awhile.
My income is up
Business is good
Debt is reasonable.
The inflation was inevitable after Covid. Shutting down worldwide production is going to raise prices. A lot of price increases we see today is just because of greed. Only way to combat is for Americans to stop buying the products. But we need milk and eggs.
Otherwise , Americans thirst to consume is going nowhere, and sellers will take advantage.
The narrative that the economy is bad is silly. It’s been robust for awhile.
Posted on 10/30/24 at 9:40 am to blueboxer1119
quote:
How long till these numbers get updated?
About 2 weeks from now.
Posted on 10/30/24 at 9:40 am to dgnx6
quote:
Consumers are spending themselves into debt.
yup
ETA: was $17.8T in Q1 2024
This post was edited on 10/30/24 at 9:41 am
Posted on 10/30/24 at 9:40 am to Hobie101
Massive government and defense spending is responsible for this. It's a house of cards if we don't transition to a more manufacturing & energy-centric economic model. Trump is not perfect, but understands this better than most politicians.
Posted on 10/30/24 at 9:40 am to Hobie101
quote:
The narrative that the economy is bad is silly. It’s been robust for awhile.
Then why did we amass 35t in debt creating it?
The economy is fricking broke when you have to use debt to keep it above water.
quote:
My portfolio is great
Youre a bubble dweller
This post was edited on 10/30/24 at 9:43 am
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