Anyone here hurt by rising interest rates/recession yet?

[Winehole23]

same old crankypants CC

[ChumpDumper]

Look, when I made that prediction I didn't know I was going to be wrong!

[CosmicCowboy]

lol same drumbeat of doom, even though you got it completely wrong last year

How was that a "drumbeat of doom"? I just pointed out that the economy is doing so well that the fed will be in no hurry to cut rates. I am killing it in the stock market this year. Making more there than in my regular job.

[Thread]

How was that a "drumbeat of doom"? I just pointed out that the economy is doing so well that the fed will be in no hurry to cut rates. I am killing it in the stock market this year. Making more there than in my regular job.

...you need to report immediately to the Tree of Woe where Winester & Dumper will proceed to "Crucify him."

[Winehole23]

How was that a "drumbeat of doom"? I just pointed out that the economy is doing so well that the fed will be in no hurry to cut rates. I am killing it in the stock market this year. Making more there than in my regular job.Biden's economy is making you richer? You should tell your fellow Republicans, they seem all depressed about it.

[CosmicCowboy]

Biden's economy is making you richer? You should tell your fellow Republicans, they seem all depressed about it.

I'm doing well because the economy is still absorbing Bidens seven trillion of helicopter money. You younger guys will ultimately be fucked by the two trillion dollar annual deficits.

[Thread]

I'm doing well because the economy is still absorbing Bidens seven trillion of helicopter money. You younger guys will ultimately be fucked by the two trillion dollar annual deficits.

But until then it's an ass breaker.

[Winehole23]

I'm doing well because the economy is still absorbing Bidens seven trillion of helicopter money. You younger guys will ultimately be fucked by the two trillion dollar annual deficits.Another bold prognostication.

If you keep saying the same thing over and over again you could eventually be right -- or wrong.

Your schtick hasn't changed in 15 years, but it's notably louder when a Dem occupies the White House.

[Thread]

Another bold prognostication.

If you keep saying the same thing over and over again you could eventually be right -- or wrong.

Your schtick hasn't changed in 15 years, but it's notably louder when a Dem occupies the White House.

Like yours is when your side threatens to cut the Republic President's head...well, you know the rest, Winester.

[CosmicCowboy]

Another bold prognostication.

If you keep saying the same thing over and over again you could eventually be right -- or wrong.

Your schtick hasn't changed in 15 years, but it's notably louder when a Dem occupies the White House.

LOL @ "bold". It's pretty simple math. Interest will eat the budget and "taxing the rich" won't even come close to covering it.

[Winehole23]

LOL @ "bold". It's pretty simple math. Interest will eat the budget and "taxing the rich" won't even come close to covering it.I think increasing revenue is the unexplored option here

[Winehole23]

(lolol CC big timing his own Brandon-themed doom and gloom thread)

[Winehole23]

YOU"RE ALL FUCKED, BUT I GOT RICHER, HAHAHAHAHA

[Winehole23]

1.5 years ago: "is anybody here hurt?"

Today: "lmao, I'm not hurt"

[CosmicCowboy]

"My butthurt is showing"

[Winehole23]

over what, nothing happened to me

[Winehole23]

keep posting, you're doing great

[Thread]

LOL @ "bold". It's pretty simple math. Interest will eat the budget and "taxing the rich" won't even come close to covering it.

But proxy war with "Putin" will tied "us" over till something just like "it" comes along. And what's more, children? It will come along. Just as sure as the turnin' of the earth. tee, hee.

[ChumpDumper]

I'm doing well because the economy is still absorbing Bidens seven trillion of helicopter money. You younger guys will ultimately be fucked by the two trillion dollar annual deficits.

You've been saying that for twenty years. You've also never said you've done badly once.

[Thread]

You've been saying that for twenty years. You've also never said you've done badly once.

What do you expect, you're his GD accountant, on-the-side.

[Blake]

Biden's economy is making you richer? You should tell your fellow Republicans, they seem all depressed about it.

"The democrats make me richer while I drive around in my golf cart thanks to Obama"

Then votes republican

[ChumpDumper]

It's wild that for all of CC's success under Biden he still thinks Joe is just as bad as Trump and equally undeserving of his vote.

[Thread]

"The democrats make me richer while I drive around in my golf cart thanks to Obama"

Then votes republican

Hussein Obama was gonna be a President for both White & Black Americans. tee, hee. That lasted about 6 months and then he got to his most outstanding trait: hustlin' race 24/7/365, the fuck.

[Thread]

It's wild that for all of CC's success under Biden he still thinks Joe is just as bad as Trump and equally undeserving of his vote.

He's lived under hyper inflation for 3 fuckin' years & this sight forever...https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSXOa8CudKnqkKird-bU7rlnmmgjWTxC12dxISjdbQITk0b0G7GMoo9ZdLVAiU&s

[Ef-man]

It's wild that for all of CC's success under Biden he still thinks Joe is just as bad as Trump and equally undeserving of his vote.

Guess the dem “cash cow” has very long intestines after all, just have to call him out on the facts.

[Thread]

Guess the dem “cash cow” has very long intestines after all, just have to call him out on the facts.

& here's the aforementioned facts, Effy...


He's lived under hyper inflation for 3 fuckin' years & this sight forever...https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSXOa8CudKnqkKird-bU7rlnmmgjWTxC12dxISjdbQITk0b0G7GMoo9ZdLVAiU&s

[CosmicCowboy]

You've been saying that for twenty years. You've also never said you've done badly once.
Wow you guys had fun today talking shit about me. Sorry I missed it. Was driving to Colorado.

[CosmicCowboy]

And yes Chump...I have made some bad investments. Fortunately I have made a lot more good ones.

As for thanking Biden for my good fortune, I just roll with what I am given. I can take advantage of bad policy while pointing out its bad policy. What is good financially for me now will not necessarily be good for my kids and grandkids. I don't understand why you guys can't see that. Neither party is fiscally responsible any more.

[Blake]

Wow you guys had fun today talking shit about me. Sorry I missed it. Was driving to Colorado.

Aww poor big- timing CC

[Blake]

And yes Chump...I have made some bad investments. Fortunately I have made a lot more good ones.

As for thanking Biden for my good fortune, I just roll with what I am given. I can take advantage of bad policy while pointing out its bad policy. What is good financially for me now will not necessarily be good for my kids and grandkids. I don't understand why you guys can't see that. Neither party is fiscally responsible any more.

Both party bad sighting

[CosmicCowboy]

Both party bad sighting

Yep. You are just too fucking stupid to see it.

[CosmicCowboy]

Aww poor big- timing CC

It doesn't bother me at all that losers like you resent me Beta Blake.

[Blake]

It doesn't bother me at all that losers like you resent me Beta Blake.

Nobody resents you, dumbass.

[CosmicCowboy]

Nobody resents you, dumbass.

Sure Beta Blake. Keep telling yourself that. :lol

[Thread]

Sure Beta Blake. Keep telling yourself that. :lol

You nailed him, CC.

[Blake]

Sure Beta Blake. Keep telling yourself that. :lol

You're the insecure strutting ball of resentment here, not me. You have a terrible sense of self awareness.

[Blake]

Yep. You are just too fucking stupid to see it.

Are they both exactly equal in their fiscal irresponsibility? I guarantee you won't answer this question, pussy.

[ChumpDumper]

And yes Chump...I have made some bad investments. Fortunately I have made a lot more good ones.

As for thanking Biden for my good fortune, I just roll with what I am given. I can take advantage of bad policy while pointing out its bad policy. What is good financially for me now will not necessarily be good for my kids and grandkids. I don't understand why you guys can't see that. Neither party is fiscally responsible any more.

Your blind spot for the authoritarian swing of your party is alarming tbh.

[Thread]

You're the insecure strutting ball of resentment here, not me. You have a terrible sense of self awareness.


Are they both exactly equal in their fiscal irresponsibility? I guarantee you won't answer this question, pussy.

I ain't got a thing on you when it comes to trollin', sweetheart.

[Thread]

Your blind spot for the authoritarian swing of your party is alarming tbh.

We learned everything from your party after he'd made President. You showed up how and we ain't ever forgettin' how, son.

[CosmicCowboy]

Are they both exactly equal in their fiscal irresponsibility? I guarantee you won't answer this question, pussy.

No, the democrats are worse and you are still stupid Beta Blake

[CosmicCowboy]

Your blind spot for the authoritarian swing of your party is alarming tbh.

Not blind to it at all. I fucking despise Trump. Death can't come soon enough for him.

[CosmicCowboy]

Your blind spot for the authoritarian swing of your party is alarming tbh.

Not blind to it at all. I fucking despise Trump. Death can't come soon enough for him.

[MultiTroll]

Not blind to it at all. I fucking despise Trump. Death can't come soon enough for him.
CC you've just got to lighten up on your stance of not attending and supporting drag queen library shows.

[spurraider21]

You've been saying that for twenty years. You've also never said you've done badly once.
his butler had to downgrade his hulu subscription to the version with ads

[Blake]

No, the democrats are worse and you are still stupid Beta Blake

Prove it, princess.

[CosmicCowboy]

Prove it, princess.

LOL you prove it constantly with your posts. :lmao

[ChumpDumper]

Not blind to it at all. I fucking despise Trump. Death can't come soon enough for him.

It's not just Trump.

[Thread]

It's not just Trump.

tee, hee.

[Blake]

LOL you prove it constantly with your posts. :lmao

You fold while crying behind your LOL mask every time.

[Thread]

...

[Thread]

You fold while crying behind your LOL mask every time.


I ain't got a thing on you when it comes to trollin', Blake.

[CosmicCowboy]

You fold while crying behind your LOL mask every time.

Another typical Beta Blake stupid post. The butthurt is strong in this one.

[Blake]

Another typical Beta Blake stupid post. The butthurt is strong in this one.

Another ad hominem fold. Don't ever change, princess.

[Winehole23]

totally unrelated, I'm sure

https://pbs.twimg.com/media/GJwrlhFWcAABpW7?format=png&name=small

[Thread]

totally unrelated, I'm sure

https://pbs.twimg.com/media/GJwrlhFWcAABpW7?format=png&name=small

Gas has reach 4 per and we're not even in Spring must less Summer.

[Winehole23]

The rest of the world pays ~$155, eye-watering prices for drugs is a peculiarly US phenomenon and a political decision.


Ozempic could be profitably produced for less than $5 a month even as maker Novo Nordisk A/S charges almost $1,000 in the US, according to a study that revives questions about prices for top-selling treatments for diabetes and obesity.

The blockbuster drug could be manufactured for 89 cents to $4.73 for a month’s supply, figures that include a profit margin, researchers at Yale University, King’s College Hospital in London and the nonprofit Doctors Without Borders reported in the journal JAMA Network Open. That compares to the monthly US list price of $968.52 for Ozempic, a weekly injection.https://fortune.com/europe/2024/03/28/ozempic-maker-novo-nordisk-facing-pressure-as-study-finds-1000-appetite-suppressant-can-be-made-for-just-5/

[Thread]

The rest of the world pays ~$155, eye-watering prices for drugs is a peculiarly US phenomenon and a political decision.

https://fortune.com/europe/2024/03/28/ozempic-maker-novo-nordisk-facing-pressure-as-study-finds-1000-appetite-suppressant-can-be-made-for-just-5/

Coffee break over, motherfucker. Back on your fuckin' heads.

[CosmicCowboy]

The rest of the world pays ~$155, eye-watering prices for drugs is a peculiarly US phenomenon and a political decision.

https://fortune.com/europe/2024/03/28/ozempic-maker-novo-nordisk-facing-pressure-as-study-finds-1000-appetite-suppressant-can-be-made-for-just-5/

Not saying it's worth $1000 but it's a pretty sophisticated applicator that is used weekly. I doubt they could even make 4 applicator syringes (less medicine) for $5

[Thread]

Not saying it's worth $1000 but it's a pretty sophisticated applicator that is used weekly. I doubt they could even make 4 applicator syringes (less medicine) for $5

We won't know for sure till State sponsored CNN reports in, CC. That'll be it, & that'll be all.

[Blake]

The rest of the world pays ~$155, eye-watering prices for drugs is a peculiarly US phenomenon and a political decision.

https://fortune.com/europe/2024/03/28/ozempic-maker-novo-nordisk-facing-pressure-as-study-finds-1000-appetite-suppressant-can-be-made-for-just-5/

Of course it's price gouging. Designer drug short cut to lose weight is in high demand. Just like trulicity

[Thread]

Of course it's price gouging. Designer drug short cut to lose weight is in high demand. Just like trulicity

Instead of the drugs just cut your caloric intake and walk 2 miles a day, and it'll fall off, and it's free.

[Blake]

Not saying it's worth $1000 but it's a pretty sophisticated applicator that is used weekly. I doubt they could even make 4 applicator syringes (less medicine) for $5

Yes just make a guess at it per par instead of reading the article.

[CosmicCowboy]

I read the article, dumbshit. Do you believe everything you read? You might as well be on truthsocial if thats how you roll.

[Thread]

I read the article, dumbshit. Do you believe everything you read? You might as well be on truthsocial if thats how you roll.

CC, bustin' Blake's hole.

CC

[CosmicCowboy]

https://mail.google.com/mail/u/0/#inbox/FMfcgzGxSbvNwxJKBFbhlcbJwVvbRNGc?compose=new

Tying back to grocery prices, here’s the cumulative effect of all the food inflation since 2019 on your family’s budget
From The Kobeissi Letter:

Change In Price Since 2019, by Food Item:

1. Cocoa: +345%

2. Orange Juice: +260%

3. Olive Oil: +219%

4. Sugar: +120%

5. Fruit Snacks: +77%

6. Cooking Oil: +54%

7. Chocolate Bars: +52%

8. Apple sauce: +51%

9. Beef: +51%

10. Mayonnaise: +50%

11. Loaf of Bread: +42%

12. Eggs: +40%

13. Milk: +40%

14. Cereal: +38%

15. Butter: +24%

Inflation has officially been at 3% or higher for exactly 3 years.

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

This focus on real-world prices helps explain the results of a survey by CNBC and SurveyMonkey that came out yesterday. It found that more than 65% of Americans now live paycheck-to-paycheck. That’s up from last year’s figure of 58%.

And what’s the stated reason for this strain on personal budgets?

Shocker – inflation, which was cited by 69% of survey respondents which the highest response rate in the survey.

(Technically, they should have answered “higher prices” not “higher inflation.”)

But if this leaves you hoping for lower prices, think again
The default reaction to this is to want lower prices across the board.

But while this might be attractive at first glance, such a deflationary environment is the last thing we want.

When prices fall, businesses and consumers hold their cash. After all, if prices are dropping day-after-day, then “tomorrow” is always the better time to make that purchase since it’ll be less expensive.

But the practical effect of this “tomorrow” psychology means wallets close and money stops flowing. So, companies are forced to cut prices in hopes of luring buyers into the market today, not tomorrow. But this just reinforces the deflationary mindset.

So, more wallets close. Economic growth stalls. Corporate profits margins are destroyed. Cash-hemorrhaging companies are forced to lay off employees. Household budgets grow strained. It can be an awful cycle.

Now, this might leave you scratching your head…

Okay, prices are much higher today than they were a few years ago…

But if they came down materially across the board, it would be bad for the economy…

So, does that mean we just have to live with a “new normal” of higher prices for many items from now on?

Pretty much.

For many goods and services, the trillions of dollars of helicopter money from the federal government that flooded the economy during the Covid pandemic resulted in a one-time “price reset” that bumped baseline prices substantially higher.

So, even if inflation drops to 2% (which this morning’s CPI data show isn’t happening all that easily), the new baseline price tag for many goods/services won’t ever return to where it was.

U.S. E- Commerce Sales. A chart showing revenue since 1999 shows upward growth in billions.

To what extent is the budget of the average American prepared for this new normal in perpetuity?

Poorly, if you’re in my state of California.

From CalMatters.org:

Prices have grown about 20% overall since 2020, according to an analysis by the California Legislative Analyst’s Office…

[Sarah Bohn, economist and director of the Public Policy Institute of California Economic Policy Center] said Californians’ wages have not kept up with inflation:

“Wages only grew 15% than before the pandemic. On paper, that looks amazing, like a $5-an-hour increase. But after inflation, it feels like a pay cut — I calculated that it’s like a $1.25-an-hour cut.”

[ChumpDumper]

Better vote for Trump then. He'll fix everything.

[ChumpDumper]

And you can quote people about helicopter money all you want -- why is inflation even worse in just about every other country?

Also :lol:

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

Does this person think people spend 100% of their pay on food?

[CosmicCowboy]

And you can quote people about helicopter money all you want -- why is inflation even worse in just about every other country?

Also :lol:

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

Does this person think people spend 100% of their pay on food?

Food and rent are virtually 100% for a lot of the population. Rent is way up too.

[Thread]

Food and rent are virtually 100% for a lot of the population. Rent is way up too.

...State sponsored CNN don't talk about that. Ever. It's their religion.

[Ef-man]

And you can quote people about helicopter money all you want -- why is inflation even worse in just about every other country?

Also :lol:

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

Does this person think people spend 100% of their pay on food?

Well I remember the great toilet paper shortage of 2020 when people couldn't find any, no matter how much money they had, so there is that.

[Thread]

Better vote for Trump then. He'll fix everything.


And if he gets in there again right away you'll start trying to assassinate him probably from Day One again like last time.

[Thread]

Well I remember the great toilet paper shortage of 2020 when people couldn't find any, no matter how much money they had, so there is that.

Ya can't eat toilet paper, yet.
:lmao:lmao:lmao

[Thread]

https://mail.google.com/mail/u/0/#inbox/FMfcgzGxSbvNwxJKBFbhlcbJwVvbRNGc?compose=new

Tying back to grocery prices, here’s the cumulative effect of all the food inflation since 2019 on your family’s budget
From The Kobeissi Letter:

Change In Price Since 2019, by Food Item:

1. Cocoa: +345%

2. Orange Juice: +260%

3. Olive Oil: +219%

4. Sugar: +120%

5. Fruit Snacks: +77%

6. Cooking Oil: +54%

7. Chocolate Bars: +52%

8. Apple sauce: +51%

9. Beef: +51%

10. Mayonnaise: +50%

11. Loaf of Bread: +42%

12. Eggs: +40%

13. Milk: +40%

14. Cereal: +38%

15. Butter: +24%

Inflation has officially been at 3% or higher for exactly 3 years.

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

This focus on real-world prices helps explain the results of a survey by CNBC and SurveyMonkey that came out yesterday. It found that more than 65% of Americans now live paycheck-to-paycheck. That’s up from last year’s figure of 58%.

And what’s the stated reason for this strain on personal budgets?

Shocker – inflation, which was cited by 69% of survey respondents which the highest response rate in the survey.

(Technically, they should have answered “higher prices” not “higher inflation.”)

But if this leaves you hoping for lower prices, think again
The default reaction to this is to want lower prices across the board.

But while this might be attractive at first glance, such a deflationary environment is the last thing we want.

When prices fall, businesses and consumers hold their cash. After all, if prices are dropping day-after-day, then “tomorrow” is always the better time to make that purchase since it’ll be less expensive.

But the practical effect of this “tomorrow” psychology means wallets close and money stops flowing. So, companies are forced to cut prices in hopes of luring buyers into the market today, not tomorrow. But this just reinforces the deflationary mindset.

So, more wallets close. Economic growth stalls. Corporate profits margins are destroyed. Cash-hemorrhaging companies are forced to lay off employees. Household budgets grow strained. It can be an awful cycle.

Now, this might leave you scratching your head…

Okay, prices are much higher today than they were a few years ago…

But if they came down materially across the board, it would be bad for the economy…

So, does that mean we just have to live with a “new normal” of higher prices for many items from now on?

Pretty much.

For many goods and services, the trillions of dollars of helicopter money from the federal government that flooded the economy during the Covid pandemic resulted in a one-time “price reset” that bumped baseline prices substantially higher.

So, even if inflation drops to 2% (which this morning’s CPI data show isn’t happening all that easily), the new baseline price tag for many goods/services won’t ever return to where it was.

U.S. E- Commerce Sales. A chart showing revenue since 1999 shows upward growth in billions.

To what extent is the budget of the average American prepared for this new normal in perpetuity?

Poorly, if you’re in my state of California.

From CalMatters.org:

Prices have grown about 20% overall since 2020, according to an analysis by the California Legislative Analyst’s Office…

[Sarah Bohn, economist and director of the Public Policy Institute of California Economic Policy Center] said Californians’ wages have not kept up with inflation:

“Wages only grew 15% than before the pandemic. On paper, that looks amazing, like a $5-an-hour increase. But after inflation, it feels like a pay cut — I calculated that it’s like a $1.25-an-hour cut.”

CC

[ChumpDumper]

Food and rent are virtually 100% for a lot of the population. Rent is way up too.
Not what was said -- only food. Also, show your stats backing up your claim.

[Thread]

Not what was said -- only food. Also, show your stats backing up your claim.

CC is right, Dumper, and what's more; you know it. You're stalling, youngster. You've nary other choice. Nary!!!

[ElNono]

https://mail.google.com/mail/u/0/#inbox/FMfcgzGxSbvNwxJKBFbhlcbJwVvbRNGc?compose=new

Tying back to grocery prices, here’s the cumulative effect of all the food inflation since 2019 on your family’s budget
From The Kobeissi Letter:

Change In Price Since 2019, by Food Item:

1. Cocoa: +345%

2. Orange Juice: +260%

3. Olive Oil: +219%

4. Sugar: +120%

5. Fruit Snacks: +77%

6. Cooking Oil: +54%

7. Chocolate Bars: +52%

8. Apple sauce: +51%

9. Beef: +51%

10. Mayonnaise: +50%

11. Loaf of Bread: +42%

12. Eggs: +40%

13. Milk: +40%

14. Cereal: +38%

15. Butter: +24%

Inflation has officially been at 3% or higher for exactly 3 years.

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

This focus on real-world prices helps explain the results of a survey by CNBC and SurveyMonkey that came out yesterday. It found that more than 65% of Americans now live paycheck-to-paycheck. That’s up from last year’s figure of 58%.

And what’s the stated reason for this strain on personal budgets?

Shocker – inflation, which was cited by 69% of survey respondents which the highest response rate in the survey.

(Technically, they should have answered “higher prices” not “higher inflation.”)

But if this leaves you hoping for lower prices, think again
The default reaction to this is to want lower prices across the board.

But while this might be attractive at first glance, such a deflationary environment is the last thing we want.

When prices fall, businesses and consumers hold their cash. After all, if prices are dropping day-after-day, then “tomorrow” is always the better time to make that purchase since it’ll be less expensive.

But the practical effect of this “tomorrow” psychology means wallets close and money stops flowing. So, companies are forced to cut prices in hopes of luring buyers into the market today, not tomorrow. But this just reinforces the deflationary mindset.

So, more wallets close. Economic growth stalls. Corporate profits margins are destroyed. Cash-hemorrhaging companies are forced to lay off employees. Household budgets grow strained. It can be an awful cycle.

Now, this might leave you scratching your head…

Okay, prices are much higher today than they were a few years ago…

But if they came down materially across the board, it would be bad for the economy…

So, does that mean we just have to live with a “new normal” of higher prices for many items from now on?

Pretty much.

For many goods and services, the trillions of dollars of helicopter money from the federal government that flooded the economy during the Covid pandemic resulted in a one-time “price reset” that bumped baseline prices substantially higher.

So, even if inflation drops to 2% (which this morning’s CPI data show isn’t happening all that easily), the new baseline price tag for many goods/services won’t ever return to where it was.

U.S. E- Commerce Sales. A chart showing revenue since 1999 shows upward growth in billions.

To what extent is the budget of the average American prepared for this new normal in perpetuity?

Poorly, if you’re in my state of California.

From CalMatters.org:

Prices have grown about 20% overall since 2020, according to an analysis by the California Legislative Analyst’s Office…

[Sarah Bohn, economist and director of the Public Policy Institute of California Economic Policy Center] said Californians’ wages have not kept up with inflation:

“Wages only grew 15% than before the pandemic. On paper, that looks amazing, like a $5-an-hour increase. But after inflation, it feels like a pay cut — I calculated that it’s like a $1.25-an-hour cut.”


Economy looks pretty damn good to me. Looks like employers are happy as well, they keep hiring.

Are you hurt by rising interest rates/recession yet?

[Thread]

https://mail.google.com/mail/u/0/#inbox/FMfcgzGxSbvNwxJKBFbhlcbJwVvbRNGc?compose=new

Tying back to grocery prices, here’s the cumulative effect of all the food inflation since 2019 on your family’s budget
From The Kobeissi Letter:

Change In Price Since 2019, by Food Item:

1. Cocoa: +345%

2. Orange Juice: +260%

3. Olive Oil: +219%

4. Sugar: +120%

5. Fruit Snacks: +77%

6. Cooking Oil: +54%

7. Chocolate Bars: +52%

8. Apple sauce: +51%

9. Beef: +51%

10. Mayonnaise: +50%

11. Loaf of Bread: +42%

12. Eggs: +40%

13. Milk: +40%

14. Cereal: +38%

15. Butter: +24%

Inflation has officially been at 3% or higher for exactly 3 years.

The Average American is now paying nearly 40% MORE for groceries than what they were paying in 2019.

Over 100 food items have seen inflation above 50% since 2019.

Have you gotten a 40% or 50% raise since 2019?

This focus on real-world prices helps explain the results of a survey by CNBC and SurveyMonkey that came out yesterday. It found that more than 65% of Americans now live paycheck-to-paycheck. That’s up from last year’s figure of 58%.

And what’s the stated reason for this strain on personal budgets?

Shocker – inflation, which was cited by 69% of survey respondents which the highest response rate in the survey.

(Technically, they should have answered “higher prices” not “higher inflation.”)

But if this leaves you hoping for lower prices, think again
The default reaction to this is to want lower prices across the board.

But while this might be attractive at first glance, such a deflationary environment is the last thing we want.

When prices fall, businesses and consumers hold their cash. After all, if prices are dropping day-after-day, then “tomorrow” is always the better time to make that purchase since it’ll be less expensive.

But the practical effect of this “tomorrow” psychology means wallets close and money stops flowing. So, companies are forced to cut prices in hopes of luring buyers into the market today, not tomorrow. But this just reinforces the deflationary mindset.

So, more wallets close. Economic growth stalls. Corporate profits margins are destroyed. Cash-hemorrhaging companies are forced to lay off employees. Household budgets grow strained. It can be an awful cycle.

Now, this might leave you scratching your head…

Okay, prices are much higher today than they were a few years ago…

But if they came down materially across the board, it would be bad for the economy…

So, does that mean we just have to live with a “new normal” of higher prices for many items from now on?

Pretty much.

For many goods and services, the trillions of dollars of helicopter money from the federal government that flooded the economy during the Covid pandemic resulted in a one-time “price reset” that bumped baseline prices substantially higher.

So, even if inflation drops to 2% (which this morning’s CPI data show isn’t happening all that easily), the new baseline price tag for many goods/services won’t ever return to where it was.

U.S. E- Commerce Sales. A chart showing revenue since 1999 shows upward growth in billions.

To what extent is the budget of the average American prepared for this new normal in perpetuity?

Poorly, if you’re in my state of California.

From CalMatters.org:

Prices have grown about 20% overall since 2020, according to an analysis by the California Legislative Analyst’s Office…

[Sarah Bohn, economist and director of the Public Policy Institute of California Economic Policy Center] said Californians’ wages have not kept up with inflation:

“Wages only grew 15% than before the pandemic. On paper, that looks amazing, like a $5-an-hour increase. But after inflation, it feels like a pay cut — I calculated that it’s like a $1.25-an-hour cut.”

Take another look, El.

Chop/chop!!!

[Winehole23]

A granular look (http://Beneath the Skin of CPI Inflation, March: Inflation Behaves Very Badly, Saga Far from Over | Wolf Street) at the recent trend. The "soft landing" narrative is being elbowed aside by "higher for longer."

[Thread]

A granular look (http://Beneath the Skin of CPI Inflation, March: Inflation Behaves Very Badly, Saga Far from Over | Wolf Street) at the recent trend. The "soft landing" narrative is being elbowed aside by "higher for longer."

Ipso facto...

Trump: $2 a gallon gas.
Biden: $5 a gallon gas AGAIN.

[Blake]

Economy looks pretty damn good to me. Looks like employers are happy as well, they keep hiring.

Are you hurt by rising interest rates/recession yet?

I guess his employer didn't give him a 50% raise and he's sad.

[CosmicCowboy]

I guess his employer didn't give him a 50% raise and he's sad.

Another swing and a miss by Beta Blake. He just can't help himself.

[Thread]

Another swing and a miss by Beta Blake. He just can't help himself.

I hate that guy. I'd like to catch him some night on the street naked.

[Chucho]

I hate that guy. I'd like to catch him some night on the street naked.

You and MultiTroll both.

[Thread]

You and MultiTroll both.

No, Chooch, I'd be the naked one. Me.

[Blake]

Another swing and a miss by Beta Blake. He just can't help himself.

It's your article asking about a raise. Sorry if McDonald's is not paying your grocery bill.

[Blake]

You and MultiTroll both.

:lol I'm over the age of 17 so way too old for him

[CosmicCowboy]

It's your article asking about a raise. Sorry if McDonald's is not paying your grocery bill.

LOL another massive swing and a miss by Beta Blake. You continue to prove what a fucking idiot you are.

[Blake]

LOL another massive swing and a miss by Beta Blake. You continue to prove what a fucking idiot you are.

Don't get mad at me if you're stuck at being assistant to the French fry manager.

[Joseph Kony]

i've made more money literally every single year since Trump left office tbh :lol doing just fine on my end :tu

[Thread]

i've made more money literally every single year since Trump left office tbh :lol doing just fine on my end :tu

Turnin' tricks in the Village, eh?

[Joseph Kony]

Turnin' tricks in the Village, eh?
ask your mother

[spurraider21]

i've made more money literally every single year since Trump left office tbh :lol doing just fine on my end :tu
last 5 years have been pretty great for me, tho its not really dependent on govt policy. just been good circumstance. moved to a much cheaper state and kept my old job working remotely without a COLA pay reduction.

next few years will be even better. will have higher cost of living (in addition to second kid), but offset by the fact that we'll actually be on dual incomes for the first time (and no state income tax)

then past that my wife will be earning real physician money and then its just a matter of ~2 years of saving up for a yuuuge down payment for us to get a house in LA

[MultiTroll]

:lol I'm over the age of 17 so way too old for him

https://youtu.be/Irc5j1gkihY

[MultiTroll]

:lol I'm over the age of 17 so way too old for him
Are you over 65 and obese?

Chunko is interested.

[Thread]

ask your mother

That's right, lose your temper. That's all you do, JK.

[Thread]

last 5 years have been pretty great for me, tho its not really dependent on govt policy. just been good circumstance. moved to a much cheaper state and kept my old job working remotely without a COLA pay reduction.

next few years will be even better. will have higher cost of living (in addition to second kid), but offset by the fact that we'll actually be on dual incomes for the first time (and no state income tax)

then past that my wife will be earning real physician money and then its just a matter of ~2 years of saving up for a yuuuge down payment for us to get a house in LA

Fuckin' braggart.

[spurraider21]

Fuckin' braggart.
many people are saying its been one of the most tremendous economies the likes of which we've never seen

[Thread]

many people are saying its been one of the most tremendous economies the likes of which we've never seen

Trump: $2 a gallon gas.
Biden: $5 a gallon gas, AGAIN.

[MultiTroll]

Trump: $2 a gallon gas.
Biden: $5 a gallon gas, AGAIN.
7 tasty homemade parrot foods your bird will love - Bird Vibes (https://birdvibes.com/7-tasty-homemade-parrot-foods-your-bird-will-love/)

and buy in bulk. :tu

[Thread]

7 tasty homemade parrot foods your bird will love - Bird Vibes (https://birdvibes.com/7-tasty-homemade-parrot-foods-your-bird-will-love/)

and buy in bulk. :tu

Let's talk movies...I saw one this afternoon...-My Son-...it's serviceable, though a movie made in Spain. About a Surgeon's son who is beaten near to death in a nightclub. Detailed story that has some twists & turns about it. I didn't care for these twists & turns because I was sure it was going one way and I was all for it, and that ain't what happened. The girls are gorgeous and the Surgeon is enraged START to even after the FINISH.

There is a sequence, two in fact where the owner of the nightclub approaches the Surgeon and both sequences are handled deftly.

Netflix

[Winehole23]

https://pbs.twimg.com/media/GLEdyXiXUAAxYj8?format=jpg&name=small

[ChumpDumper]

:lol people are stupid

[Ef-man]

They must have done their own research on the economy :lol

[Thread]

They must have done their own research on the economy :lol

Yep...
Trump: $2 a gallon gas.
Biden: $5 a gallon gas. AGAIN.

[ElNono]

https://pbs.twimg.com/media/GLEdyXiXUAAxYj8?format=jpg&name=small

I mean, red states are really struggling out there, no question about that. Mississippi, Alabama... full of crime and poverty.

[Winehole23]

I mean, red states are really struggling out there, no question about that. Mississippi, Alabama... full of crime and poverty.Mississippi's life expectancy lags Bangladesh and Peru.

https://pbs.twimg.com/media/GLAKrHRXgAAhOl9?format=jpg&name=large

[Blake]

Mississippi's life expectancy lags Bangladesh and Peru.

https://pbs.twimg.com/media/GLAKrHRXgAAhOl9?format=jpg&name=large

Texas worse than Saudi Arabia

[Thread]

I mean, red states are really struggling out there, no question about that. Mississippi, Alabama... full of crime and poverty.

...California & New York too.

[Thread]

Mississippi's life expectancy lags Bangladesh and Peru.

https://pbs.twimg.com/media/GLAKrHRXgAAhOl9?format=jpg&name=large

Biden, although squattin', Winester is in the White House, squattin'.

[Thread]

Texas worse than Saudi Arabia


Biden, although squattin', Blake, is in the White House, squattin'.

[Winehole23]

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices….

--Adam Smith


1802457787747721512

[MultiTroll]

Mississippi's life expectancy lags Bangladesh and Peru.
Brett Favre scandal explained: Ex-NFL QB accused of misusing Mississippi state welfare funds - CBSSports.com (https://www.cbssports.com/nfl/news/brett-favre-scandal-explained-ex-nfl-qb-is-accused-of-misusing-of-mississippi-state-welfare-funds/)

[Winehole23]

Feeling hurt by recession?

1816454796863271214https://x.com/ernietedeschi/status/1816454796863271214

[RandomGuy]

Mississippi's life expectancy lags Bangladesh and Peru.

https://pbs.twimg.com/media/GLAKrHRXgAAhOl9?format=jpg&name=large

Red states gonna red state.

[Winehole23]

banks weren't hurt

https://www.ft.com/content/4c013d3b-796b-47a3-a964-02f753d39846


US banks made a $1tn windfall from the Federal Reserve’s two-and-a-half-year era of high interest rates, an analysis of official data by the Financial Times has found. Lenders got higher yields for their deposits at the Fed but kept rates lower for many savers, the review of Federal Deposit Insurance Corporation data showed. The boost to the US’s more than 4,000 banks has helped pad out profit margins. While rates on some savings accounts were raised in line with the Fed’s target of more than 5 per cent, the vast majority of depositors, especially those at the largest banks, such as JPMorgan Chase and Bank of America, got far less. At the end of the second quarter, the average US bank was paying its depositors interest at the annual rate of just 2.2 per cent, according to regulatory data that includes accounts that do not pay interest at all. This is higher than the 0.2 per cent they paid two years ago but far lower than the Fed’s 5.5 per cent overnight rate that the banks themselves can get. At JPMorgan and Bank of America, annual deposit costs were 1.5 per cent and 1.7 per cent, respectively, according to this data. Those lower payments to depositors generated $1.1tn in excess interest revenue for the banks, or about half of the total dollars banks brought in during that time, according to the FT’s calculations.

[Winehole23]

Anybody here hurt by the two-year bull market and interest rate cuts?

Just curious and polling.


Just curious and polling.

1846899267698401682

https://x.com/sonusvarghese/status/1846899267698401682

[SnakeBoy]

Anybody here hurt by the two-year bull market and interest rate cuts?


How have you done in the two-year bull market?

[MultiTroll]

Anybody here hurt by the two-year bull market and interest rate cuts?

Just curious and polling.
Nope, doing great.

Altho i have a serious bone to pick with Joe and Kammy over their enabling that corrupt bitch Gary Gensler and the SEC.

[ChumpDumper]

How have you done in the two-year bull market?
Doesn't sound like it hurt him tbh.

[SnakeBoy]

Doesn't sound like it hurt him tbh.

Can he afford to move or is he still waiting on muh assets to increase to help facilitate a move :cry

[Winehole23]

How have you done in the two-year bull market?not relevant to me, never has been.

nor do I think stock indices tell you very much about quality of life.

[SnakeBoy]

not relevant to me, never has been.

nor do I think stock indices tell you very much about quality of life.

Yeah I know. That's why I asked.

I wouldn't put too much into bulls spiking the ball. Bears are always wrong until they're right.

[ChumpDumper]

Yeah I know. That's why I asked.

I wouldn't put too much into bulls spiking the ball. Bears are always wrong until they're right.

Trump is your bear.

[Winehole23]

Yeah I know. That's why I asked.

I wouldn't put too much into bulls spiking the ball. Bears are always wrong until they're right.The OP sure was, so were the "100% chance of a recession in 2023" bears two years ago.

[Winehole23]

https://pbs.twimg.com/media/GaHfFQpbgAAQf4O?format=jpg&name=large

[TSA]

https://pbs.twimg.com/media/GaHfFQpbgAAQf4O?format=jpg&name=large

https://x.com/SecretsBedard/status/1847263344161378493

“More than half of Americans (52%) say they and their family are worse off today than they were four years ago, while 39% say they are better off and 8% volunteer that they are about the same. The 2024 response is most similar to 1992 among presidential election years in which Gallup has asked the question,” the analysis out Friday morning said."

“In 1992, a relatively low 38% of Americans said they were better off with the ECI at -37; and the incumbent, George H.W. Bush, lost. In 2004, when nearly half said they were better off and the ECI was +1, and George W. Bush won reelection. Similarly, 45% felt better off in 2012 when the ECI was -1, and Barack Obama won. Yet, in 2020, while 55% claimed to be better off and the ECI was -4, Trump lost his reelection bid — a sign that noneconomic factors were paramount to voters that year,” Gallup wrote.

“Gallup’s latest measurement of Americans’ economic views, from an Oct. 1-12 poll, puts the ECI at -26 — one of the worst election-year readings, along with the 39% ‘better off’ reading from September,” the polling outfit said.

ooof

[spurraider21]

from 2020 exit polls, only 40% of people felt they were better off today than 4 years ago

the "are we headed in the right direction" poll has been under 50% consistently since like 2004 or so

these have been consistent sentiments regardless of when asked and who was president

[Blake]

https://x.com/SecretsBedard/status/1847263344161378493

“More than half of Americans (52%) say they and their family are worse off today than they were four years ago, while 39% say they are better off and 8% volunteer that they are about the same. The 2024 response is most similar to 1992 among presidential election years in which Gallup has asked the question,” the analysis out Friday morning said."

“In 1992, a relatively low 38% of Americans said they were better off with the ECI at -37; and the incumbent, George H.W. Bush, lost. In 2004, when nearly half said they were better off and the ECI was +1, and George W. Bush won reelection. Similarly, 45% felt better off in 2012 when the ECI was -1, and Barack Obama won. Yet, in 2020, while 55% claimed to be better off and the ECI was -4, Trump lost his reelection bid — a sign that noneconomic factors were paramount to voters that year,” Gallup wrote.

“Gallup’s latest measurement of Americans’ economic views, from an Oct. 1-12 poll, puts the ECI at -26 — one of the worst election-year readings, along with the 39% ‘better off’ reading from September,” the polling outfit said.

ooof

Are you worse off?

[TSA]

from 2020 exit polls, only 40% of people felt they were better off today than 4 years ago

the "are we headed in the right direction" poll has been under 50% consistently since like 2004 or so

these have been consistent sentiments regardless of when asked and who was president

Exit polls aren't Gallup polls you are comparing apples to oranges. Gallup 2020 55% better off. Gallup 2024 39% better off.

[TSA]

Are you worse off?

Yes. I've had much less money to invest with how much more expensive everything has gotten in an already expensive California.

Are you better off?

[ChumpDumper]

I am.

You must be doing it wrong.

[Blake]

Yes. I've had much less money to invest with how much more expensive everything has gotten in an already expensive California.

Are you better off?

Absolutely. I was in a somewhat tight spot in the middle of the Covid economy in 2020. Sorry things haven't turned around for you since then.

[TSA]

Absolutely. I was in a much tighter spot coming out of the Covid economy. Sorry things haven't turned around for you since then.

Good to hear. Covid economy didn't hurt my line of work so inflation has definitely affected my family. We aren't struggling in the least bit and are doing fine with the salaries my wife and I bring in but we've definitely had to cut back on how much we invest with the rising costs of everything while having two kids.

[TSA]

I am.

You must be doing it wrong.

Cool story.

[spurraider21]

Exit polls aren't Gallup polls you are comparing apples to oranges. Gallup 2020 55% better off. Gallup 2024 39% better off.
can you send the 2020 gallup poll?

i tried looking but due to recency every search result was just 2024

with that said, the polling data is always frustrating because it often flies in the face of the actual trackable data. people still think their groceries are 3x more expensive than they were 4 years ago or some nonsense like that. trump recently gave an interview to dave ramsey where ramsey, a purported financial guru, was telling him that americans today are upset about $7 eggs when the average dozen eggs in the US currently sells at $3.80 or so.

people will opine that crime is up when the stats show that crime is down, etc.

since the pandemic, cost of goods has generally gone up by a cumulative 20.8%, while wages over that same time period have grown by 22.3%. we've had a very healthy unemployment rate for years now.

people will hear retarded talking points about how job gains have gone to immigrants and that native born workers have seen a net loss in jobs (despite the fact that many of these immigrants are US citizens). this doesnt take into account that a shitload of native born americans that have hit and are continuing to hit retirement age, and that the unemployment rate for native born americans is basically as low as its been in the last 20 years

but you poll people on these same subjects and theyll believe something different

[ChumpDumper]

Good to hear. Covid economy didn't hurt my line of work so inflation has definitely affected my family. We aren't struggling in the least bit and are doing fine with the salaries my wife and I bring in but we've definitely had to cut back on how much we invest with the rising costs of everything while having two kids.

Cool story.

[ChumpDumper]

I'm glad all you Trumptards think his tariffs are going to bring back low prices and fund free childcare.

[spurraider21]

ive lucked out timing wise. i kept my CA job when i moved to VA 5 years ago, no COLA adjustment or any nonsense like that. so my cost of living plummeted while my pay stayed the same and continued to climb. i guess the caveat was we were cashflowing most of my wife's tuition, so that ate into some if it. some added expense after having our first kid, but again, the staggeringly low cost of living in charlottesville went a long way (though locals there keep complaining about how expensive its gotten)

also lucked out timing wise as we bought our house there in october 2020 so we have a great interest rate.

now fast forward and we have a second kid soon to turn 1, my wife is making resident money (which isnt very good money, but beats the hell out of paying tuition instead), and while cost of living in vegas is somewhat higher than charlottesville, its not even close to what we had back in LA. the added income more than compensates for the cost of living difference from VA to here. tbh if it were up to me, we'd stay in Vegas long term, and hopefully at least a few years even after residency finishes, just to be able to stockpile some money before inevitably moving back to LA (cant keep the kids away from all that extended fam)

i know my situation doesnt reflect the typical person, and im sure inflation hurt a lot of people. but all the interest rates did to me was make it an easier decision to keep and rent out my VA home, while letting me make some safe extra money in savings accounts and tbills and whatnot for a while

i dont make crazy money, but i guess its all relative. can life super comfortably on my pay here. wouldnt have been remotely the same living in LA all this time. probably would have been more impacted by housing costs and whatnot if we hadnt moved. certainly wouldnt have been in position to buy a home.

[TSA]

can you send the 2020 gallup poll?

i tried looking but due to recency every search result was just 2024

with that said, the polling data is always frustrating because it often flies in the face of the actual trackable data. people still think their groceries are 3x more expensive than they were 4 years ago or some nonsense like that. trump recently gave an interview to dave ramsey where ramsey, a purported financial guru, was telling him that americans today are upset about $7 eggs when the average dozen eggs in the US currently sells at $3.80 or so.

people will opine that crime is up when the stats show that crime is down, etc.

since the pandemic, cost of goods has generally gone up by a cumulative 20.8%, while wages over that same time period have grown by 22.3%. we've had a very healthy unemployment rate for years now.

people will hear retarded talking points about how job gains have gone to immigrants and that native born workers have seen a net loss in jobs (despite the fact that many of these immigrants are US citizens). this doesnt take into account that a shitload of native born americans that have hit and are continuing to hit retirement age, and that the unemployment rate for native born americans is basically as low as its been in the last 20 years

but you poll people on these same subjects and theyll believe something different

The stats I posted were from the article so I don't have the link to the 2020 Gallup poll.

Groceries are still up from 4 years ago...everything is up from 4 years ago.

Crime is most likely up. The FBI made huge revisions to 2021 and 2022 date and didn't tell the public they revised them. It's not a stretch the same revisions will be made to the 2023 data showing crime was actually up.

https://www.realclearinvestigations.com/articles/2024/10/16/stealth_edit_fbi_quietly_revises_violent_crime_sta ts_1065396.html

The jobs numbers have been revised down after release almost every month.

Trying to tell the middle class/lower class Americans that everything is fine and the economy is doing great doesn't resonate with them when a ton of them are struggling to make ends meet now with the rising costs they've faced the last 4 years.

[TSA]

ive lucked out timing wise. i kept my CA job when i moved to VA 5 years ago, no COLA adjustment or any nonsense like that. so my cost of living plummeted while my pay stayed the same and continued to climb. i guess the caveat was we were cashflowing most of my wife's tuition, so that ate into some if it. some added expense after having our first kid, but again, the staggeringly low cost of living in charlottesville went a long way (though locals there keep complaining about how expensive its gotten)

also lucked out timing wise as we bought our house there in october 2020 so we have a great interest rate.

now fast forward and we have a second kid soon to turn 1, my wife is making resident money (which isnt very good money, but beats the hell out of paying tuition instead), and while cost of living in vegas is somewhat higher than charlottesville, its not even close to what we had back in LA. the added income more than compensates for the cost of living difference from VA to here. tbh if it were up to me, we'd stay in Vegas long term, and hopefully at least a few years even after residency finishes, just to be able to stockpile some money before inevitably moving back to LA (cant keep the kids away from all that extended fam)

i know my situation doesnt reflect the typical person, and im sure inflation hurt a lot of people. but all the interest rates did to me was make it an easier decision to keep and rent out my VA home, while letting me make some safe extra money in savings accounts and tbills and whatnot for a while

i dont make crazy money, but i guess its all relative. can life super comfortably on my pay here. wouldnt have been remotely the same living in LA all this time. probably would have been more impacted by housing costs and whatnot if we hadnt moved. certainly wouldnt have been in position to buy a home.

I'm stuck in California until interest comes down and we can sell our home. We bought it in 2010 when market in Southern California was dirt cheap and have a super low interest rate. The value of our home has more than tripled so have tons of equity but aren't going to sell and then have an interest rate more than 3x where we are at now. Almost pulled the trigger on a house in Lake Tahoe a while back but wife and I dragged our feet because of changing our kids schools and then interest rates shot up so now we are just going to stay here in Socal and wait things out.

[spurraider21]

yes many are struggling to make ends meet. many more are objectively better off than they were 4 years ago.

[spurraider21]

I'm stuck in California until interest comes down and we can sell our home. We bought it in 2010 when market in Southern California was dirt cheap and have a super low interest rate. The value of our home has more than tripled so have tons of equity but aren't going to sell and then have an interest rate more than 3x where we are at now. Almost pulled the trigger on a house in Lake Tahoe a while back but wife and I dragged our feet because of changing our kids schools and then interest rates shot up so now we are just going to stay here in Socal and wait things out.
depending on where you're at in socal, if your home value has more than tripled, you can sell that and just buy cash elsewhere and not worry about interest rates at all.

[ChumpDumper]

The stats I posted were from the article so I don't have the link to the 2020 Gallup poll.

Groceries are still up from 4 years ago...everything is up from 4 years ago.

Crime is most likely up. The FBI made huge revisions to 2021 and 2022 date and didn't tell the public they revised them. It's not a stretch the same revisions will be made to the 2023 data showing crime was actually up.

https://www.realclearinvestigations.com/articles/2024/10/16/stealth_edit_fbi_quietly_revises_violent_crime_sta ts_1065396.html

The jobs numbers have been revised down after release almost every month.

Trying to tell the middle class/lower class Americans that everything is fine and the economy is doing great doesn't resonate with them when a ton of them are struggling to make ends meet now with the rising costs they've faced the last 4 years.

What would Trump have done to counter inflation and fight crime?

[TSA]

What would Trump have done to counter inflation and fight crime?

You're about to find out :bobo

[ChumpDumper]

You're about to find out :bobo

TSA folds :bobo

[Winehole23]

https://pbs.twimg.com/media/GbJDwx7XIAAgUFb?format=jpg&name=large

[Winehole23]

(tariffs are paid by importers, not by the country of origin)

[TSA]

https://x.com/TrumpWarRoom/status/1852334646861734158

https://x.com/RealEJAntoni/status/1852338993423110416

OOF

[ChumpDumper]

https://x.com/TrumpWarRoom/status/1852334646861734158

https://x.com/RealEJAntoni/status/1852338993423110416

OOF

What is Trump’s economic plan?

[z0sa]

What is Trump’s economic plan?

Raise prices even more then blame it on Biden.

[Leetonidas]

My portfolio has taken a hit ofc but other than that and my grocery bill being more, no biggie for me. I worked from home before the pandemic began so the gas situation never was an issue for me. Life is good tbh

So 2 years later...

Portfolio is doing great. Got a better job paying substantially more. Grocery bill obviously still high but that's about it. Everything for me personally is substantially better than it was during Trump's presidency

[Winehole23]

yesterday's WSJ


https://pbs.twimg.com/media/GbYm08FWAAAbTI2?format=jpg&name=large