Page 64 of 85
Post-Corona Economy
Posted: Tue Oct 24, 2023 7:56 pm
by Cakedaddy
I want to know what the "typical American home" is.
Post-Corona Economy
Posted: Tue Oct 24, 2023 8:56 pm
by TheCatt
Leisher wrote: ↑Tue Oct 24, 2023 6:56 pm
The economy is perfect. Let's get into more wars! If the people struggle, they can just eat cake.
It is interesting... there was an op-ed in the WSJ the other day basically saying that the economy is amazing, fantastic, etc. But everyone just whines + bitches about it. Not really the WSJ's thing to put that out there with a Dem president. But the top lines numbers are great. But, what, 70% of the people say it sucks? Cuz it's all rigged for the rich.
Post-Corona Economy
Posted: Tue Oct 24, 2023 8:58 pm
by TheCatt
Cakedaddy wrote: ↑Tue Oct 24, 2023 7:56 pm
I want to know what the "typical American home" is.
Based on the latest data available from Zillow, as of September 30, the average U.S. home value stands at $348,539, reflecting a 1.1 percent increase over the past year. In January, this figure was $340,332.
Post-Corona Economy
Posted: Wed Oct 25, 2023 10:41 am
by Leisher
TheCatt wrote: ↑Tue Oct 24, 2023 8:56 pm
Leisher wrote: ↑Tue Oct 24, 2023 6:56 pm
The economy is perfect. Let's get into more wars! If the people struggle, they can just eat cake.
It is interesting... there was an op-ed in the WSJ the other day basically saying that the economy is amazing, fantastic, etc. But everyone just whines + bitches about it. Not really the WSJ's thing to put that out there with a Dem president. But the top lines numbers are great. But, what, 70% of the people say it sucks? Cuz it's all rigged for the rich.
Exactly, the majority of Americans are struggling, being heard, but not being believed.
The "serve Wall St" model is unsustainable. Too few people eat at that table.
Post-Corona Economy
Posted: Wed Oct 25, 2023 10:52 am
by GORDON
Thing is, for people who spend, for example, 40% of their income on their basic needs (housing, food, energy, car), a 20% jump in prices means their now paying 48% of their income on basic needs. Barely a glitch. They're not going to put off replacing this year's Mercedes to the new model.
For someone spending 90% of their income to get by, basically paycheck to paycheck, a 20% jump in prices means they now have to give something up in order to keep scraping by.
I forget where I last saw the article, but most people in the USA are just scraping by, and this "great economy" is really hurting, and being told "oh inflation is only 3% this year!" is pissing them off as they stop buying soda they can't afford and give up their dream of ever owning a home.
Post-Corona Economy
Posted: Wed Oct 25, 2023 8:40 pm
by Leisher
Uh...
Post-Corona Economy
Posted: Wed Oct 25, 2023 8:45 pm
by TheCatt
We should cut the IRS' budget so things like this can't happen.
- Republicans.
Post-Corona Economy
Posted: Wed Oct 25, 2023 8:59 pm
by Leisher
Shouldn't you be out burning a cross in some Republican's yard?
Also, to be fair, that number seems really small and it'd be helpful if how much was spent getting it was also shown.
Post-Corona Economy
Posted: Wed Oct 25, 2023 9:51 pm
by GORDON
How much was spent to get that $122M? And is that even 10% of the latest Ukraine package? And what's the deficit, again?
And does this mean they laid off the babysitters getting paid on venmo?
Post-Corona Economy
Posted: Thu Oct 26, 2023 7:08 am
by TheCatt
Weird, I logged into twitter this morning instead of dtman.
Post-Corona Economy
Posted: Thu Oct 26, 2023 8:43 am
by TheCatt
Economy grew super fast last quarter.
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures and a variety of other domestic and global headwinds.
Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration.
Post-Corona Economy
Posted: Thu Oct 26, 2023 9:37 am
by Leisher
TheCatt wrote: ↑Thu Oct 26, 2023 8:43 am
Economy grew super fast last quarter.
Everyone must be doing super well then.
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:11 am
by TheCatt
Leisher wrote: ↑Thu Oct 26, 2023 9:37 am
TheCatt wrote: ↑Thu Oct 26, 2023 8:43 am
Economy grew super fast last quarter.
Everyone must be doing super well then.
Maybe they need to pull themselves up by their bootstraps, and make better life decisions?
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:23 am
by GORDON
That's the line that gets the upper classes shot when the revolution comes.
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:31 am
by TheCatt
GORDON wrote: ↑Thu Oct 26, 2023 10:23 am
That's the line that gets the upper classes shot when the revolution comes.
Some people just want to be victims.
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:34 am
by GORDON
I wont ever be in a mob. But I can observe and understand what is going to rile one up.
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:50 am
by Cakedaddy
How much of the "improved economy" is because prices are being raised, and people MUST pay them to survive? So more stuff isn't being bought. The same amount is being bought at higher prices.
Post-Corona Economy
Posted: Thu Oct 26, 2023 10:57 am
by TheCatt
Cakedaddy wrote: ↑Thu Oct 26, 2023 10:50 am
How much of the "improved economy" is because prices are being raised, and people MUST pay them to survive? So more stuff isn't being bought. The same amount is being bought at higher prices.
Economists use real GDP, so inflation is taken into account. Nominal GDP is basically a useless.
Post-Corona Economy
Posted: Thu Oct 26, 2023 2:57 pm
by TheCatt
GORDON wrote: ↑Thu Oct 26, 2023 10:34 am
I wont ever be in a mob. But I can observe and understand what is going to rile one up.
so how would you fix it?
Post-Corona Economy
Posted: Thu Oct 26, 2023 3:55 pm
by Leisher
TheCatt wrote: ↑Thu Oct 26, 2023 2:57 pm
GORDON wrote: ↑Thu Oct 26, 2023 10:34 am
I wont ever be in a mob. But I can observe and understand what is going to rile one up.
so how would you fix it?
If there's one thing 80s romcoms have taught me, it's that all problems can be solved with my penis.