Alec Stapp (@alecstapp) on Threads
The massive divergence between consumer sentiment and economic reality is mind-boggling.
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Can we talk about that jobs report?
- Thread starter hal9000
- Start date
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The economy is not strong, no matter what the lefty economists and government will tell you
People are getting hammered by inflation and housing costs. Tough to move if buying a 20% more expensive home doubles your payment.
Also, isn’t funny how we didn’t have inflation according to so many here, and then once they finally admitted it they blamed it on price gouging
You can't include housing, food, or energy prices in the inflation calculations! It skews it!People are getting hammered by inflation and housing costs. Tough to move if buying a 20% more expensive home doubles your payment.
Also, isn’t funny how we didn’t have inflation according to so many here, and then once they finally admitted it they blamed it on price gouging
Labor market added 216,000 jobs in December, capping year of big gains — The Washington Post
A cooling but healthy U.S. labor market continues to produce strong gains for American workers.
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10 year is slightly down. I don’t think anyone is really worried about further rate increases quite yet.
It’s weird. The numbers show inflation at 3.1% yet screechers here insist it’s 20%.You can't include housing, food, or energy prices in the inflation calculations! It skews it!
Its almost like screechers are ignoring facts in favor of political feels.
Btw, grocery inflation is at 1.7%. Overall food at 2.9%, over a full point lower than the July 2020 reading. It’s odd, but I don’t recall the screeches screeching about it in 2020.
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I spent 20 years managing money in equity markets. I had to have a line of bull sh!t pretty much every day when the phone rang. If I was getting honest, the reason the market went up today was greed. The reason it went down today was fear. Fear and greed. Makes the world go round.
Q1/Q2 2022 one of the more mild recessions possibly ever.
The economy's doing great. Housing and fuel costs were very low Q1 2009 at the end of the economy falling off a cliff.
people think inflation is way higher than it is because they listen to what people on social media are saying
Groceries have gone up quite a bit but this is the fault of the Oligarch food corporations.
Someone parking a freighter sideways in the Suez is Obama's fault. Every time a Houthi sends a drone towards a tanker, Hillary is to blame.
grocery inflation is at 1.7%.
But you can show us receipts fro last year comparing the same items, right? It’s how you’re sure the numbers are wrong, right?
