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re: What’s everyone’s take on the current economy?
Posted on 12/26/25 at 11:24 am to dickkellog
Posted on 12/26/25 at 11:24 am to dickkellog
quote:
men when ever anybody ask you how your day is going, don't answer them, half of them don't care and the other half hope you're having a bad day"
I absolutely hate being asked this on the phone. Just get to the point. Worse even via a text to start a new convo, without telling me when you are texting.
Worse when someone asks "what are doing/up to?" from the start.
Posted on 12/26/25 at 11:32 am to finchmeister08
quote:
Gas isn’t as high as it used to be, but it’s still high.
Gas is falling every day. I filled up last week at 2.20. Today the sign said 2.06
Posted on 12/26/25 at 11:35 am to finchmeister08
His bread was up 40% before Trump was ever sworn in. Was he mad then, or just now?
Posted on 12/26/25 at 11:36 am to finchmeister08
The opposite of inflation is contraction known as depression. He doesn’t want that.
Unless you remonetize your money, you cannot put the inflation genie back in the bottle.
What you want is for earnings to outgrow inflation. This just happened in the last quarter, but the Democrat shutdown delayed its reporting.
And, Trump has been in office less than a year. He hit the ground running eliminating the Democrat economic malfeasance under Biden. The first fruits we’ve lower gas prices. Maybe tell him he can pay more for bread with the the savings from the gas pump?
More are occurring now. That is why pay is starting to surpass inflation.
But the main parts of his agenda will not bear fruit until 2026.
Finally if he listens to the leftist democrat biased mainstream media, he will come away with a pessimistic view of the world as a whole and America in the particular. This is due to their focusing on the negative when a Republican in the White House. They promote the negative and suppress the positive news. This is even worse with Trump because they will even make shite up. Just looking at the millions he’s collected from them in defamation lawsuits!
The opposite occurs when Democrats are in charge. For example, homelessness magically goes away when a Democrat takes office because the DNC/MSM Political Complex ceases reporting it. But comes slamming back in under a GOP administration as they report it wall to wall.
Unless you remonetize your money, you cannot put the inflation genie back in the bottle.
What you want is for earnings to outgrow inflation. This just happened in the last quarter, but the Democrat shutdown delayed its reporting.
And, Trump has been in office less than a year. He hit the ground running eliminating the Democrat economic malfeasance under Biden. The first fruits we’ve lower gas prices. Maybe tell him he can pay more for bread with the the savings from the gas pump?
More are occurring now. That is why pay is starting to surpass inflation.
But the main parts of his agenda will not bear fruit until 2026.
Finally if he listens to the leftist democrat biased mainstream media, he will come away with a pessimistic view of the world as a whole and America in the particular. This is due to their focusing on the negative when a Republican in the White House. They promote the negative and suppress the positive news. This is even worse with Trump because they will even make shite up. Just looking at the millions he’s collected from them in defamation lawsuits!
The opposite occurs when Democrats are in charge. For example, homelessness magically goes away when a Democrat takes office because the DNC/MSM Political Complex ceases reporting it. But comes slamming back in under a GOP administration as they report it wall to wall.
Posted on 12/26/25 at 11:52 am to finchmeister08
After listening to a recent episode of All In, it seems like things might be setting up nicely.
Did we not have significant/runaway inflation before Trump started his 2nd term? Have democrats and the media and your FIL not claimed tarrifs and Trump’s economic policy is legitimately destroying everything?
Inflation has stabilized, no? And even reversed significantly from the years before Trump, right?
Is that not a sign that things are improving? And isn’t most inflation in services and not so much consumer goods?
Is energy becoming cheaper? That will surely help at some point, no?
Won’t 2026 see some shite from the BBB take effect? As in part of the equation hasn’t entered the party yet? Aren’t tax cuts part of that?
Folks saw -$3000 wage growth or whatever the shite it’s called during the years before Trump. Aren’t they +$1000 in year 1?
Does it not seem like the ship is legitimately turning around?
Idk what I’d say to someone if they complained to me that their loaf of bread was $2 more. I’ve never been so disappointed or disillusioned with humans in my life. People seriously can’t skip buying a fricking loaf of bread? People can’t change purchasing habits for 12 months while the admin tries to pull on levers to get this things turned around?
Did we not have significant/runaway inflation before Trump started his 2nd term? Have democrats and the media and your FIL not claimed tarrifs and Trump’s economic policy is legitimately destroying everything?
Inflation has stabilized, no? And even reversed significantly from the years before Trump, right?
Is that not a sign that things are improving? And isn’t most inflation in services and not so much consumer goods?
Is energy becoming cheaper? That will surely help at some point, no?
Won’t 2026 see some shite from the BBB take effect? As in part of the equation hasn’t entered the party yet? Aren’t tax cuts part of that?
Folks saw -$3000 wage growth or whatever the shite it’s called during the years before Trump. Aren’t they +$1000 in year 1?
Does it not seem like the ship is legitimately turning around?
Idk what I’d say to someone if they complained to me that their loaf of bread was $2 more. I’ve never been so disappointed or disillusioned with humans in my life. People seriously can’t skip buying a fricking loaf of bread? People can’t change purchasing habits for 12 months while the admin tries to pull on levers to get this things turned around?
Posted on 12/26/25 at 12:10 pm to finchmeister08
It’s starting to show signs of recovery
GDP growth is solid
Energy prices are down as are commodities
Wage growth outpacing inflation
It’s not good yet but we are getting there
GDP growth is solid
Energy prices are down as are commodities
Wage growth outpacing inflation
It’s not good yet but we are getting there
Posted on 12/26/25 at 12:11 pm to finchmeister08
quote:
Him: “Bread is up 40%!”
$1.42 at Walmart.
Posted on 12/26/25 at 12:12 pm to finchmeister08
The economy is going to crash. They can’t just keep printing money. Billions of dollars were stolen during covid and throughout the Biden administration.
Posted on 12/26/25 at 12:15 pm to RogerTheShrubber
quote:
Todays economy is dependent on how much credit you have.
Maybe for a house to some degree. What else is needed to buy on credit?
Posted on 12/26/25 at 12:19 pm to finchmeister08
Inflation rate might be down, but incomes still haven’t caught up.
We’re heading in a better direction than we were, but there’s still room for a lot of improvement.
If they don’t stop government spending, the inflation will continue one way or another, and the money usually ends up in the pockets of corporations with the middle class and below feeling the pain more than the others.
We’ve had easy monetary policy for way too long and we’re feeling the effects. We need a Volcker-esque intervention, but no one will commit that political suicide.
We’re heading in a better direction than we were, but there’s still room for a lot of improvement.
If they don’t stop government spending, the inflation will continue one way or another, and the money usually ends up in the pockets of corporations with the middle class and below feeling the pain more than the others.
We’ve had easy monetary policy for way too long and we’re feeling the effects. We need a Volcker-esque intervention, but no one will commit that political suicide.
This post was edited on 12/26/25 at 12:20 pm
Posted on 12/26/25 at 12:24 pm to finchmeister08
Inflation has cooled but we need to see wage growth for awhile for people to feel good again.
Also housing prices are still insane and that's people's biggest expense.
Deport all illegal immigrants and greatly slow/stop actual immigration, solves both problems.
Also housing prices are still insane and that's people's biggest expense.
Deport all illegal immigrants and greatly slow/stop actual immigration, solves both problems.
Posted on 12/26/25 at 12:32 pm to finchmeister08
I generally don't much much stock in gasoline prices and the Nasdaq as stable indicators of the economy. Both of these fluctuate do you outside factors. Democrats and Republicans like to cherry pick their own data to prove a narrative, and each administration manipulates data releases.
I look at consumer pricing, home sales and inflation.
I look at consumer pricing, home sales and inflation.
Posted on 12/26/25 at 12:38 pm to StansberryRules
I agree with the postive comments.
Here is another thing to ponder. Many many illegals did not take PJs (private jobs, off the books in construction etc). They took jobs at legitimate businesses, and in order to do that they used fake social security numbers. And you know what that means, the bureau of labor statistics picked them up in the employment numbers. Now that they are being deported they are removed from the payroll, over a million according to the BLS.....yet we still have positive job growth. Some scream its "weak job growth". Well when you take a million people off the payrolls and still added 500,000 private sector jobs total, that 1.5 million in 11 months for Americans, thats pretty healthy.
Here is another thing to ponder. Many many illegals did not take PJs (private jobs, off the books in construction etc). They took jobs at legitimate businesses, and in order to do that they used fake social security numbers. And you know what that means, the bureau of labor statistics picked them up in the employment numbers. Now that they are being deported they are removed from the payroll, over a million according to the BLS.....yet we still have positive job growth. Some scream its "weak job growth". Well when you take a million people off the payrolls and still added 500,000 private sector jobs total, that 1.5 million in 11 months for Americans, thats pretty healthy.
Posted on 12/26/25 at 12:44 pm to finchmeister08
quote:He's an idiot!
Him: “Bread is up 40%!”
CPI Year-Over-Year Changes (Nov 2024 => Nov 2025)
All items (total CPI): +2.7 %
Food overall: +2.6 %
General groceries: +1.9 %
Cereals & bakery products (category that includes bread): +1.9 %
Bread (detailed category within cereals & bakery): +1.7 % over the year
White bread specifically: +0.7 %
Other bread types (non-white): +3.0 %
----------
My take on the economy is it absolutely sucks for 20-somethings.
Posted on 12/26/25 at 12:49 pm to Meauxjeaux
quote:
Better learn to produce something rather than mange workflows or push paper around.
The economy is shifting under your feet and it has little to do with Trump or tariffs etc.
Juang the CEO of Nvidia spoke about AI and its impact. He agrees with your statement. He said everyone looks at the downside, the programmers etc that will lose jobs, however consider radiologists.
Most of their time is taking xrays, processing them, organizing, and limited time on diagnosing the Xrays themselves. In hospitals that have adopted AI for the workflow, radiologists can now spend their majority of time with diagnosis, speeding the process, now they have more patients because of the good service and have hired more radiologists.
I think AI boom will be similar to internet, computer, industrial revolution. New jobs evolve. We used to make buggy whips and have blacksmiths, we used to have entire bank buidlings of people doing long math before adding machines. We will evolve....embrace it.....I gotta go study my spanish via LanguaAI
Posted on 12/26/25 at 12:52 pm to trinidadtiger
quote:
I think AI boom will be similar to internet, computer, industrial revolution. New jobs evolve.
We will all be gig workers soon.
Posted on 12/26/25 at 1:15 pm to finchmeister08
The economy is in a much better place than it’s been over the past 4 years!!!
Posted on 12/26/25 at 1:17 pm to TigersHuskers
quote:
The economy is still arse.
what are you talking about, the economy is doing great IMO
Posted on 12/26/25 at 1:39 pm to finchmeister08
quote:
What’s everyone’s take on the current economy?
Markets are doing really good.
Price of everything still much higher than it should be.
Many people are spending money they do not have, nor will they ever have it.
Too much gov. money going to other countries
Too much gov. money being stolen through fraud and waste
Too many people recieving gov benefits that should not be
More needs to be done to boost private (non gubmint) job creation...(cut or change regulations that prevent manufacturing expansion here), incintivize companies in the US to hire Americans, not foreigners
Posted on 12/26/25 at 1:42 pm to finchmeister08
He's thinking like person ignorant of how the world works.
Usually when prices go up because of inflation, when inflation drops, the prices don't drop. Unless you have a deflationary cycle, which would be bad.
However what you can check to see is if wage increase is outpacing inflation. Under biden obviously inflation outpaced wage growth.
Under trump, wages grew more than inflation.
So it is better. But it is slow going digging yourself out of bidens horrific policies.
Usually when prices go up because of inflation, when inflation drops, the prices don't drop. Unless you have a deflationary cycle, which would be bad.
However what you can check to see is if wage increase is outpacing inflation. Under biden obviously inflation outpaced wage growth.
Under trump, wages grew more than inflation.
So it is better. But it is slow going digging yourself out of bidens horrific policies.
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