Bears01 Posted July 14, 2023 Posted July 14, 2023 While Americans still aren’t over the moon about the economy, the data seems to suggest it’s improving pretty quickly. Do you agree?
FolkLover1989 Posted July 14, 2023 Posted July 14, 2023 Well yeah The ERAS TOUR is helping too as per many official reports She will soon boost economy of EU too
FolkLover1989 Posted July 14, 2023 Posted July 14, 2023 Just now, Rebel Lion said: There's still inflation hunny. Inflation will always be there What we need is average wages too rise.
Breathe On Moi Posted July 14, 2023 Posted July 14, 2023 let me get some people angry: Biden’s America 1
rihannafan Posted July 14, 2023 Posted July 14, 2023 People keep talking about inflation getting better, but I don't see it. 1
vuelve88 Posted July 14, 2023 Posted July 14, 2023 Taylor's power. Taylor "The Industry" Swift did that.
Bears01 Posted July 14, 2023 Author Posted July 14, 2023 1 minute ago, FolkLover1989 said: Inflation will always be there What we need is average wages too rise. Wage growth outpaced inflation for the first time in years last month: https://twitter.com/byheatherlong/status/1679110659399614465?s=46&t=F2Kqdy7aScoPGAKFHNr8dQ 1
Rebel Lion Posted July 14, 2023 Posted July 14, 2023 2 minutes ago, FolkLover1989 said: Inflation will always be there What we need is average wages too rise. Ok but groceries shouldn't cost an arm and a leg.
FolkLover1989 Posted July 14, 2023 Posted July 14, 2023 1 minute ago, Bears01 said: Wage growth outpaced inflation for the first time in years last month: https://twitter.com/byheatherlong/status/1679110659399614465?s=46&t=F2Kqdy7aScoPGAKFHNr8dQ Yup and that's what we need to keep going Not only in America but everywhere It's time for recovery
Bears01 Posted July 14, 2023 Author Posted July 14, 2023 1 minute ago, rihannafan said: People keep talking about inflation getting better, but I don't see it. What’s happening is prices are not exactly coming down, but they are rising significantly slower than they did a year ago. Prices rarely massively deflate, the last 2 times they did, was 2015 and during the economic collapse of 2008. “Deflation” is usually a sign for a terrible economy 2
FolkLover1989 Posted July 14, 2023 Posted July 14, 2023 Just now, Rebel Lion said: Ok but groceries shouldn't cost an arm and a leg. I understand the point But it is what it is The only optimal way to combat is to fight for fair and higher wages
Rebel Lion Posted July 14, 2023 Posted July 14, 2023 2 minutes ago, FolkLover1989 said: I understand the point But it is what it is The only optimal way to combat is to fight for fair and higher wages They'll just raise the price of goods again saying that they need to support wages when in reality the CEOs don't want to lose a dime that goes in their pockets.
rihannafan Posted July 14, 2023 Posted July 14, 2023 10 minutes ago, Bears01 said: What’s happening is prices are not exactly coming down, but they are rising significantly slower than they did a year ago. Prices rarely massively deflate, the last 2 times they did, was 2015 and during the economic collapse of 2008. “Deflation” is usually a sign for a terrible economy I get that, but prices have already gone up SO much that it doesn't really matter tbh. Maybe it's because I'm in a big city but things don't really seem to be slowing down here.
Bears01 Posted July 14, 2023 Author Posted July 14, 2023 7 minutes ago, rihannafan said: I get that, but prices have already gone up SO much that it doesn't really matter tbh. Maybe it's because I'm in a big city but things don't really seem to be slowing down here. Understandable, and I get that sentiment. But I guess from the average American (at least with what they see in their personal lives): the job market is hot and avaliable, with less than ideal prices still out there. While they’d prefer no recession and no massive inflation, they’ll take a hot job market with less than ideal prices on everyday things over a huge recession with getting even a basic job is a struggle but with low prices like in 2008/2009
Domination Posted July 14, 2023 Posted July 14, 2023 37 minutes ago, rihannafan said: People keep talking about inflation getting better, but I don't see it. Inflation is getting better, but we’re not seeing price deflation. So nothings getting cheaper really.
Vespertine Posted July 14, 2023 Posted July 14, 2023 The price of strawberries is finally back to normal, so I’m happy now
XAMJ Posted July 14, 2023 Posted July 14, 2023 1 hour ago, Rebel Lion said: There's still inflation hunny. 3% which is normal 1
katykater Posted July 14, 2023 Posted July 14, 2023 That is not good. The AI hype was a good excuse to pump up the stock market (to get a good price for all the stocks they have to get rid of) and people are feeling richer because of their investments doing well, are more confident to throw their money at the ask price, the sellers are pulling up the ask price to get more profits and making everything expensive again. The only reason why inflation is calming down, is because of the oil price calming down. It doesn't take much (geopolitical news or attacks on oil infrastructure) to bump up the oil price and make inflation soar again. The Fed will look at this mess like 5% federal funds rate and 7% mortgage rate isn't high enough. They have to do more rate hikes to ensure that the sledge hammer is slamming down on the stock market, housing prices, car prices,... The propaganda said that the Fed pivot (from rate hikes to rate cuts) is bullish because the money printer go brrr is going to pump up the stock market. In reality the only reason why rate cuts could be coming, is because they want to fight deflation (the value of money going up convinces the people to stop spending and wait for lower prices). A Fed pivot is actually bearish and signalling that the stocks will go even lower. 1
Distantconstellation Posted July 14, 2023 Posted July 14, 2023 Rent/housing is still unaffordable so nope. My rent jumped from 1400 to 2200 in miami. So the "it is what is" the user above commented doesn't help me or other working class, poor people.
Distantconstellation Posted July 14, 2023 Posted July 14, 2023 48 minutes ago, Vespertine said: The price of strawberries is finally back to normal, so I’m happy now Where are u buying yours? Everytime I buy them in florida they have no flavor. I've tried trader joes and walmart
Bears01 Posted July 14, 2023 Author Posted July 14, 2023 (edited) 6 minutes ago, Distantconstellation said: Rent/housing is still unaffordable so nope. My rent jumped from 1400 to 2200 in miami. So the "it is what is" the user above commented doesn't help me or other working class, poor people. Florida has the worst inflation in the entire country, and a lot of it has nothing to do with the fed, but with Desantis himself: https://www.cbsnews.com/amp/news/florida-high-inflation-housing-costs-cpi-consumer-price-index/ https://www.newsweek.com/florida-inflation-worst-us-housing-market-population-1812229?amp=1 https://www.cbsnews.com/amp/miami/news/ron-desantis-veto-consumer-loan-rate-hikes/ Edited July 14, 2023 by Bears01 2
Breathe On Moi Posted July 14, 2023 Posted July 14, 2023 1 hour ago, Bears01 said: Florida has the worst inflation in the entire country, and a lot of it has nothing to do with the fed, but with Desantis himself: https://www.cbsnews.com/amp/news/florida-high-inflation-housing-costs-cpi-consumer-price-index/ https://www.newsweek.com/florida-inflation-worst-us-housing-market-population-1812229?amp=1 https://www.cbsnews.com/amp/miami/news/ron-desantis-veto-consumer-loan-rate-hikes/ his heart attack can’t come soon enough
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