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Please Stop Telling Us Everything Is Fine With the Economy; It Is Not
Added 275 billion in debt just today. Something big is up.
The left always learns from der fuerah or however the hell you spell it.
One of my neighbors is from Germany-every time someone says things are okay when she knows there is something not right, she says something in German that translates to don’t tell me this is cheese when the sausage is in between my teeth. That sort of applies here...
I’m just waiting for the debt to be re-financed in about a year. At the new interest rates, the next round of payments will be about $2T. And basically, you spend $2T to buy nothing. You’re just paying the stupid interest on the stupid debt. You’re not getting anything for your $2T.
“Paul Krugman told CNN anchor Christiane Amanpour”
Can you think of two more incompetent, nauseating and evil people people in the world of journalism?
It's like that storewide, and the Commucrats are directly to blame.
Nothing that was posted on this thread disproves the indications that the economy is doing well.
THE GOOD
Job market looks strong.
Unemployment is relatively low.
THE BAD
Inflation is sky high.
Interest rates are soaring.
THE UGLY
Bidenomics
However...
If you have a job it’s easier (I said EASIER NOT EASY) to pay for expensive items
If you are not happening to be borrowing money, high interest rates don’t affect you very much.
It’s been years — Dec 2020 — since the USA lost jobs in a given month.
I’m not saying the economy is great.
But I’d like to see something beyond an unsupported headline to back up the statement that it’s lousy.
He had asserted that “the economy’s rebound has been surreally good,” yet people keep saying it is terrible.
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Maybe the fact that average new home mortgage payment is close to $3000 per month has something to do with how people perceive the economy. That, and the inability to get decent, high, paying jobs, gas prices, averaging over four dollars a gallon, and an administration, oblivious to the fact that their actions are going to cause energy prices. (and therefore everything else in the economy.) to continue to rise and an extremely high rate for the foreseeable future. Krugman is either a low-grade moron, or on drugs.
Ping
All those people are just delusional PR fluffers for the Leftist-demonKKKrats.
The report from the gov’t says “Job openings” and not the better description of “Job losses”......!
BTW when did that term change?
Anybody else think about Arco gas stations now taking credit cards - they have ALWAYS only taken cash or debit cards before. Now, suddenly, they’ll take credit cards. I think people are so cash-strapped, and gas has gotten so expensive, that lots of people are HAVING to put it on a credit card. I think Arco realized they were losing too much business to gas stations that take plastic.
Dow down almost 500 today and about 2500 in the past month.
Anyone who thinks the economy is getting better is blind as a bat.
People are deeper in debt than they ever imagined.
They are giving up their pets, the pounds and rescues are filled past capacity.
People are selling everything they can and trying to flip everything they can but it is tough as even crap is commanding high prices.
Here in Florida the invasion of refugees from red states is pushing long term residents from their rentals and people with homes not yet paid off are desperately renting rooms...
People are living secretly in storage facilities, and families are trying to make do in marginally upgraded tool sheds. It isn’t pretty out there...
The high and rising interest rates are killing the supply side of the Supply & Demand law of economics. This shortage in supply is causing higher prices. So, the bankers raise interest rates to “stifle inflation”, which just causes more inflation.
Bankers get rich, we get screwed.
Inflation: “Wage cuts. Wage cuts for all!!! Why aren’t you peasants happy?”