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Posted: 11/20/2023 7:10:18 PM EST
Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy.
The disparity has led to befuddlement, exasperation and curiosity on social media and in opinion columns. Last week, the government reported that consumer prices didn't rise at all from September to October, the latest sign that inflation is steadily cooling from the heights of last year. A separate report showed that while Americans slowed their retail purchases in October from the previous month's brisk pace, they're still spending enough to drive economic growth. Even so, according to a poll last month by The Associated Press-NORC Center for Public Affairs Research, about three-quarters of respondents described the economy as poor. Two-thirds said their expenses have risen. Only one-quarter said their income has. The disconnect poses a political challenge for President Joe Biden as he gears up for his re-election campaign. Polls consistently show that most Americans disapprove of Biden's handling of the economy. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades. Despite the steady cooling of inflation over the past year, many goods and services are still far pricier than they were just three years ago. Inflation the rate at which costs are increasing is slowing. But most prices are high and still rising. Lisa Cook, a member of the Federal Reserve's Board of Governors, captured this dynamic in recent remarks at Duke University. "Most Americans," Cook said, "are not just looking for disinflation" a slowdown in price increases. "They're looking for deflation. They want these prices to be back where they were before the pandemic. I hear that from my family." moar |
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TN, USA
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Posted: 11/20/2023 7:13:59 PM EST
[#1]
I'm pretty dumb
but did I just read that I'm TOO FUCKING SELF INTERESTED AND DUMB to know that the economy IS ACTUALLY GETTING BETTER what the FUCK is the actual definition of ELITISM |
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Posted: 11/20/2023 7:15:20 PM EST
[Last Edit: Antero]
[#2]
No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren’t going to be able to sell that bullshit.
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TX, USA
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Posted: 11/20/2023 7:15:34 PM EST
[#3]
First post kinda nailed it.
I think. Not sure. Maybe? |
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TN, USA
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Posted: 11/20/2023 7:15:55 PM EST
[#4]
what do you know about
NEURO LINGUISTIC PROGRAMMING ? HYPNOTISM THE ONLY PEOPLE SUSCEPTIBLE TO THIS ACTUAL MIND CONTROL ARE literally npc's |
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Posted: 11/20/2023 7:16:22 PM EST
[#5]
Quote HistoryOriginally Posted By MrRezister: what do you know about NEURO LINGUISTIC PROGRAMMING ? HYPNOTISM THE ONLY PEOPLE SUSCEPTIBLE TO THIS ACTUAL MIND CONTROL ARE literally npc's Why are you yelling? |
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Posted: 11/20/2023 7:16:35 PM EST
[#6]
Does anybody actually believe a single word that the Biden regime utters?
Really? Really? |
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Posted: 11/20/2023 7:16:35 PM EST
[Last Edit: Silverbulletz06]
[#7]
Government numbers and Reality are two different animals.
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TUN
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Posted: 11/20/2023 7:18:10 PM EST
[Last Edit: fla556guy]
[#8]
Until I get the lost value back in wage increases or deflation with no loss of income, I am going to continue on my decided path of self imposed economic austerity.
I literally don't need to buy much besides food, toiletries and fuel for the next 5 years if I am really good at self control. I intend to do that. |
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TX, USA
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Posted: 11/20/2023 7:18:55 PM EST
[#9]
$300 at the grocery store today for Thanksgiving says inflation is strong.
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Posted: 11/20/2023 7:19:27 PM EST
[Last Edit: FlashMan-7k]
[#10]
Originally Posted By JLPettimoreIII: Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. The disparity has led to befuddlement, exasperation and curiosity on social media and in opinion columns. So the people in social media and opinion columns have the resources to pay prices that have NEVER gone back down to what they were before (and what they were before was obscenely more expensive than in the past too). Elites who have no trouble meeing the costs for a roof over the head, food, water, medical, and transportation costs ... can't understand why people who struggle to meet those same costs are upset that prices are only going UP not down when their income hasn't gone up an equal amount. Shocking.  eta: elites - those who have no trouble paying for the necessities of life AND who get to have meaningful access to the levers of power in government and society. |
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Posted: 11/20/2023 7:20:50 PM EST
[#11]
"Most Americans," Cook said, "are not just looking for disinflation" a slowdown in price increases. "They're looking for deflation. They want these prices to be back where they were before the pandemic. I hear that from my family." This is true. |
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Posted: 11/20/2023 7:26:14 PM EST
[#12]
Mericans are p****d off about surviving a p******* and paying for the privilege Hey, Jamal, why don't you try to find your own "buddy" and just dictate your thread titles to somebody who can actually type real words so you'll stop using more than your share of the star thingies and so we'll know what the fuck they're about without having to click on them? |
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Posted: 11/20/2023 7:27:05 PM EST
[#13]
Originally Posted By JLPettimoreIII: Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. The disparity has led to befuddlement, exasperation and curiosity on social media and in opinion columns. Last week, the government reported that consumer prices didn't rise at all from September to October, the latest sign that inflation is steadily cooling from the heights of last year. A separate report showed that while Americans slowed their retail purchases in October from the previous month's brisk pace, they're still spending enough to drive economic growth. Even so, according to a poll last month by The Associated Press-NORC Center for Public Affairs Research, about three-quarters of respondents described the economy as poor. Two-thirds said their expenses have risen. Only one-quarter said their income has. The disconnect poses a political challenge for President Joe Biden as he gears up for his re-election campaign. Polls consistently show that most Americans disapprove of Biden's handling of the economy. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades. Despite the steady cooling of inflation over the past year, many goods and services are still far pricier than they were just three years ago. Inflation the rate at which costs are increasing is slowing. But most prices are high and still rising. Lisa Cook, a member of the Federal Reserve's Board of Governors, captured this dynamic in recent remarks at Duke University. "Most Americans," Cook said, "are not just looking for disinflation" a slowdown in price increases. "They're looking for deflation. They want these prices to be back where they were before the pandemic. I hear that from my family." moar |
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Posted: 11/20/2023 7:27:15 PM EST
[#14]
LOL at unemployment at 4%.
Here's their own damn chart for labor participation rate (% of population working or looking for work.) It's still not at the level it was pre-COVID. And that big gap from the peak in the late 1990s... those people are mostly getting transfer payments of one sort or another. Their own data shows their lies, and even this is probably doctored to look better than it really is.  Attached File |
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USA
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Posted: 11/20/2023 7:28:19 PM EST
[#15]
impossible.
posters here have repeatedly assured me that the economy is roaring, stock market is in full bun run mode and wages are up bigly. this reads like some click bait doomer porn. 
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Posted: 11/20/2023 7:28:55 PM EST
[#16]
Quote HistoryOriginally Posted By Antero: No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren’t going to be able to sell that bullshit. |
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OK, USA
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Posted: 11/20/2023 7:29:43 PM EST
[#17]
The government reports that the government is better than ever and prices are down and everyone got a huge raise to offset the inflation. It is remarkable people believe king has wonderful clothes. Prices got high fast but now not so fast so everyone is fine. Accumulated increase. Government makes a problem extending their power to solve the problems they make. To much control by a few hundred elitist and the people do nothing. The keep poking the bear.
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Posted: 11/20/2023 7:30:51 PM EST
[#18]
Quote HistoryOriginally Posted By RTX: Hey, Jamal, why don't you try to find your own "buddy" and just dictate your thread titles to somebody who can actually type real words so you'll stop using more than your share of the star thingies and so we'll know what the fuck they're about without having to click on them?  |
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ME, USA
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Posted: 11/20/2023 7:31:16 PM EST
[#19]
Quote HistoryOriginally Posted By Pajamacannon: Why are you yelling? Quote HistoryOriginally Posted By Pajamacannon: Originally Posted By MrRezister: what do you know about NEURO LINGUISTIC PROGRAMMING ? HYPNOTISM THE ONLY PEOPLE SUSCEPTIBLE TO THIS ACTUAL MIND CONTROL ARE literally npc's Why are you yelling? I mean at this point why aren't we all yelling? AHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!! *gasp* AHHHHHHHHHHHHHHHHHHHHHHHHH!!!!! |
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Posted: 11/20/2023 7:31:23 PM EST
[#20]
Quote HistoryOriginally Posted By Trunalimunumaprzure: impossible. posters here have repeatedly assured me that the economy is roaring, stock market is in full bun run mode and wages are up bigly. this reads like some click bait doomer porn.  |
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AB, CAN
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Posted: 11/20/2023 7:33:39 PM EST
[#21]
Quote HistoryOriginally Posted By Antero: No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren’t going to be able to sell that bullshit. Same up here. I don’t believe their numbers and why should I? They lie about everything else. As well, they keep changing the inflation calculation formula. Now they are trying to spin it on the grocery stores owners and the socialist are buying it up. Soon we will have full socialism here with food and housing prices being controlled soon. People do not understand basic economics and keep giving the gov a pass. |
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Posted: 11/20/2023 7:33:55 PM EST
[#22]
Quote History"Most Americans," Cook said, "are not just looking for disinflation" a slowdown in price increases. "They're looking for deflation. They want these prices to be back where they were before the pandemic. I hear that from my family." it's a risk to cut your prices and think you'll draw more business to compensate for the lost profit. |
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Posted: 11/20/2023 7:34:08 PM EST
[#23]
People know that the only two metrics the government and federal reserve ever get measured by are piss in your face call it rain gas lighting.
We know they are lying They know we know they are lying We know they know we know they are lying Yet the fags still lie |
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USA
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Posted: 11/20/2023 7:35:42 PM EST
[#24]
The propaganda is in full force with these publications
"The economy is great you dumbasses, your to stupid to realize it, enjoy your hotdogs and be greatful" Que the slogan.....the media is the main enemy of this country and should be treated as such |
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WI, USA
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Posted: 11/20/2023 7:37:07 PM EST
[#25]
s*** c******** w**** t*** d*** n*** t* b* c*******
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Posted: 11/20/2023 7:39:23 PM EST
[#26]
Nothing ever "returns to the way it was." It may rhyme, but it is never the same.
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Posted: 11/20/2023 7:40:58 PM EST
[#27]
Quote HistoryOriginally Posted By scopedope: $300 at the grocery store today for Thanksgiving says inflation is strong. This. A couple items came down 50 cents, but not enough to matter. Junk food is still nice and cheap. But I don't want to get fat. |
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Posted: 11/20/2023 7:41:50 PM EST
[#28]
after 20 years in the automotive industry I've learned when its easy to see the signs of a struggling economy.
first sign. Cars fall further and further into disrepair. by a long shot people start to pass my "3 things" rule, where if more than 3 things are broke they're going to only fix the bare minimum and the car will be worse and worse each time it comes in. I'm seeing a TON of cars like that now. second sign. People are spending big money into shitty cars just to keep them on the road. Way out doing the cost of the vehicle on a single repair simply to avoid another car payment. third sign. Old shit box cars come out of the woodwork. I'm seeing a whole slew of "this car sat for 3 years now we really need it can you fix it cheap?" cars coming in on the hook. News flash, because your car is old doesn't mean its cheaper to fix. but people are throwing good money into shitty old cars.... presumably because buying even a used car is way more expensive. the devil you know I guess. I can tell you right now, this is the exact same shit as I saw in 2008/9. exactly the same and it pretty much went to about 2012. |
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TN, USA
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Posted: 11/20/2023 7:43:00 PM EST
[#29]
HEY
good news guys I heard that our chocolate rations are being RAISED to 25 grams I read it in the paper. DOUBLE PLUS GOOD |
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NH, USA
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Posted: 11/20/2023 7:43:17 PM EST
[#30]
Economic stats and data have ZERO correlation to what people
see when they sit down at the kitchen table and try to figure out how to buy groceries or heating oil next month. Even if you're an Arf millionaire and buy everything in cash and are a "big saver", you have to admit that those savings are depleting faster than you'd like, and the cash is not going nearly as far as it did just a few year ago. |
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PA, USA
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Posted: 11/20/2023 7:47:28 PM EST
[#31]
You voted for this- right? Same way we voted for Fetterman in PA.
America voted for Potato and are getting what they voted for - right? If not tell me the difference. |
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WA, USA
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Posted: 11/20/2023 7:47:43 PM EST
[Last Edit: 21usernamechecksout]
[#32]
Democrats. Are.evil.
"Never attribute stupidity to what is Clearly malice" ~Me~. Quoted from my book "Fuck Democrats and the horse they rode in on." |
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TN, USA
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Posted: 11/20/2023 7:48:47 PM EST
[#33]
What are we pussed off about?
Title and article confuse me. Op is pulling a biden. |
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Posted: 11/20/2023 7:49:47 PM EST
[#34]
"I'm mad as hell and I'm not going to get off the couch." - The American People, 2023
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Posted: 11/20/2023 7:51:05 PM EST
[#35]
They’re messing with death statistics too…who’s going to stop them?
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NH, USA
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Posted: 11/20/2023 7:51:09 PM EST
[#36]
Quote HistoryOriginally Posted By 21usernamechecksout: Democrats. Are.evil. "Never attribute stupidity to what is Clearly malice" ~Me~. Quoted from my book "Fuck Democrats and the horse they rode in on." 
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Posted: 11/20/2023 7:55:59 PM EST
[#37]
Only elitists can write this pure grade fucking garbage
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USA
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Posted: 11/20/2023 8:03:54 PM EST
[#38]
So what is the actual buying power of a dollar right now? Jack shit.
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LA, USA
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Posted: 11/20/2023 8:16:21 PM EST
[#39]
Meh, there's Hot Pockets in the microwave and sportball on the tele. The missus is in the other room watching Dancing With the Stars. Let's worry about it all... tomorrow.
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Posted: 11/20/2023 8:22:37 PM EST
[Last Edit: Alien]
[#40]
Quote HistoryOriginally Posted By Antero: No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren't going to be able to sell that bullshit. I'm listening to Michael Malice's book, The White Pill, and it's EXTREMELY chilling hearing what the Soviets/communists did and seeing the parallels between the modern democratic party/the Biden Administration and the Russian revolution. Chief among those was the complete and utter death of the truth. The Soviets would constantly talk about how GREAT things were while millions starved and everything was the living embodiment of misery. That's EXACTLY what the Democrats and Biden administration do among other things, and it's fucking scary. Don't go along with the government narrative? You were an ostracized at best (what they do right now) and declared an enemy of the state and disappeared at worst for deprogramming (what the Democrats want to do) or executed. |
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LA, USA
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Posted: 11/20/2023 8:23:23 PM EST
[#41]
Of course people want deflation.
Prices went up, while wages DID NOT GO UP. It's not hard and it's not entitlement. 6 figure salary no longer affordable 6 figure lifestyles. |
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Posted: 11/20/2023 8:35:17 PM EST
[#42]
Originally Posted By JLPettimoreIII: Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. The disparity has led to befuddlement, exasperation and curiosity on social media and in opinion columns. Last week, the government reported that consumer prices didn't rise at all from September to October, the latest sign that inflation is steadily cooling from the heights of last year. A separate report showed that while Americans slowed their retail purchases in October from the previous month's brisk pace, they're still spending enough to drive economic growth. Even so, according to a poll last month by The Associated Press-NORC Center for Public Affairs Research, about three-quarters of respondents described the economy as poor. Two-thirds said their expenses have risen. Only one-quarter said their income has. The disconnect poses a political challenge for President Joe Biden as he gears up for his re-election campaign. Polls consistently show that most Americans disapprove of Biden's handling of the economy. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades. Despite the steady cooling of inflation over the past year, many goods and services are still far pricier than they were just three years ago. Inflation the rate at which costs are increasing is slowing. But most prices are high and still rising. Lisa Cook, a member of the Federal Reserve's Board of Governors, captured this dynamic in recent remarks at Duke University. "Most Americans," Cook said, "are not just looking for disinflation" a slowdown in price increases. "They're looking for deflation. They want these prices to be back where they were before the pandemic. I hear that from my family." moar That's not going to happen,they raised the temp on the frog pot and the frog got a bit uncomfortable. They keep it that temp until he acclimates,then they raise the temp again,rinse repeat until frog is boiling. |
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LA, USA
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Posted: 11/20/2023 8:37:40 PM EST
[#43]
Quote HistoryOriginally Posted By Alien: I'm listening to Michael Malice's book, The White Pill, and it's EXTREMELY chilling hearing what the Soviets/communists did and seeing the parallels between the modern democratic party/the Biden Administration and the Russian revolution. Chief among those was the complete and utter death of the truth. The Soviets would constantly talk about how GREAT things were while millions starved and everything was the living embodiment of misery. That's EXACTLY what the Democrats and Biden administration do among other things, and it's fucking scary. Don't go along with the government narrative? You were an ostracized at best (what they do right now) and declared an enemy of the state and disappeared at worst for deprogramming (what the Democrats want to do) or executed. That's the kind of gaslighting this is all leading to. |
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Posted: 11/20/2023 9:05:42 PM EST
[#44]
Quote HistoryOriginally Posted By Antero: No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren’t going to be able to sell that bullshit. No inflation? Bullshit 4% unemployment? Bullshit |
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Posted: 11/20/2023 9:13:23 PM EST
[#45]
I read the title as "Mexicans" and was going to pissed off that they were pissed off.
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Posted: 11/20/2023 9:18:09 PM EST
[#46]
Quote HistoryOriginally Posted By Antero: No one, and I mean NO ONE, believes that inflation is cooling, or that it is the lowest it has been in 2.5 years. They aren’t going to be able to sell that bullshit. The rate of increase is slowing. Also, once prices go up they rarely go down. Price reduction to 70% of current is where we started with sleepy Joe. The narrative is that this is normal, and we should be happy about it. |
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Posted: 11/20/2023 9:24:35 PM EST
[#47]
Quote HistoryOriginally Posted By Lexington: I read the title as "Mexicans" and was going to pissed off that they were pissed off.  |
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Posted: 11/20/2023 9:26:59 PM EST
[#48]
Quote HistoryOriginally Posted By targetworks: Does anybody actually believe a single word that the Biden regime utters? Really? Really? Not a one and the mainstream media is part of the problem. |
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Posted: 11/20/2023 9:28:36 PM EST
[#49]
Restaurants that use to be packed after church are empty these days.
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OK, USA
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Posted: 11/20/2023 9:38:03 PM EST
[Last Edit: hotdog250j]
[#50]
Read the whole thing and couldn't see where Mexicans were p****d off bout anything.
Looked closer and some cutesy pie title fagotry. Really? Best you can do III? |
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