Wages have kept up with inflation going back to before COVID. Note the huge change during lockdowns due to compositional biases (low income workers leaving and re-entering the workforce)
I understand from reading your posts about COVID that these kinds of data are hard for you to understand, and you prefer open-ended statements like “lots of Americans have no health insurance” without mentioning trends or effects… but try for me.
You’re just gulping down propaganda. The poverty rate in the US is not soaring and it’s still among the lowest it’s been in decades. Just very odd that you insist on so many things that are clearly false.
I am not in the mood to do the math (I can look and guess fairly accurately). Since Biden took office, 3rd week of January, 2021, S&P 500 appears to be up about 7.xx% annually plus dividends. Reminder: S&P 500 was about 4800 before U.S. involvement in Conflict in Ukraine. S&P 500 today low 43xx. Are pro-Biden-types really going to boast about the economy? His Conflict in Ukraine, that's right. Biden's Conflict in Ukraine has been bad for the global economy over all. Except for some companies.
Weapon manufacturers and others in intelligence and defense industry profit during military conflicts & war but global economy does the best during times of peace with low or zero tariffs and/or trade barriers.
I'll take a temporary haircut on my 401k to permanently neuter the Russian military machine and geopolitically embarrass them for generations.
Yeah, Biden is such a business genius no one in his family makes a move without involving Diaper Joe. Meanwhile, no one in the country can by a house. When will the war on the auto industry, grocery buying, house buying, the energy sector, and middle class Americans end?
Keep your head in the sand. Biden admin. likes their supports to know nothing. Did you know the price of West Texas Intermediate traded at less than $66/barrel early December, 2021 before U.S. involvement, eastern Europe?
Are we going to debate Labor Economics? List your employment titles and formal education. Over the years, I believe I have listed many or most of my employers.
Credentials mean nothing on an anonymous forum you buffoon.
No one can show me that inflation is poised to come roaring back (a common claim); mass unemployment is coming (another claim); or a recession even imminent anymore (lol)
One year ago when this thread started those were all major claims. I see lots of hacks retreating to “unadjusted numbers” or “sector specific” drawdowns. But by large things are great for the average person.
The BIGGEST issue is mortgage rates. People in the US are obsessed with owning homes so 7.5% rates feel icky. Fair… I get it.
Imagine waking up every day praying for a recession. What politics does to a MF'r
Joe you are the biggest offender in this thread. The data simply do not support your claims. Inflation is back below 4%, soon to be under 3%.
The wage gap between 10th and 90th percentile shrink more in the past 3 years than ever before.
There is actually no evidence the economy is weak unless you are actively trying to spin dogma or deceive yourself.
The gap shrank because the top 80% of Americans saw their wealth decline. The bottom 20% did improve due to wealth transfers and an expansion of food stamps. The net result was grocery prices went up 15% from the food stamp expansion. So for the middle class, their wealth declined and the amount they spent on food went up.
Inflation is now below target levels… but don’t get too complacent the genius regulars here have secret knowledge: it’s about to come ROARING back.
You should work in Bidenomics department trying to put lipstick on the pig of an economy he is putting out there. Inflation was higher than expected and sticky.
Inflation remained elevated in September as gas and rents kept prices high and heaped more pressure on consumers, according to new data released Thursday by the Bureau of Labor Statistics.
Inflation is now below target levels… but don’t get too complacent the genius regulars here have secret knowledge: it’s about to come ROARING back.
No it's not. CPI is up 3.7% yoy. 6-month annualized CPI is even higher. Where do you come up with this stuff?
checking in is probably looking at this widely distributed tweet from Krugman. It's a super-core inflation rate running at 2%, leaving out a bunch of stuff. Caveat emptor.
Inflation is at just under 4% after the Biden administration spent the past year almost draining the SPR to keep a lid in energy prices. Now we enter a Middle East war scenario with the SPR at lowest levels ever. Get ready for the next round of inflation to heat up as we enter a recession. Welcome to Bidenomics.
Inflation is at just under 4% after the Biden administration spent the past year almost draining the SPR to keep a lid in energy prices. Now we enter a Middle East war scenario with the SPR at lowest levels ever. Get ready for the next round of inflation to heat up as we enter a recession. Welcome to Bidenomics.
We export more oil today than at virtually any other time in history. We could refill the SPR whenever we want… it would just be economically stupid as we can sell our excess!
Jesus Christ you weird mercantilists actually want negative GDP growth don’t you?
Inflation is now below target levels… but don’t get too complacent the genius regulars here have secret knowledge: it’s about to come ROARING back.
No it's not. CPI is up 3.7% yoy. 6-month annualized CPI is even higher. Where do you come up with this stuff?
Shelter was up 7.2 percent annually in August, compared with the headline number of 3.7 percent and 4.1 percent rise in the core.
Real average hourly earnings for all employees decreased 0.2 percent from August to September on a seasonally adjusted basis, the Labor Department reported. Real earnings decreased to $11.02 an hour in September from $11.04 in August and $11.08 in July. Real earnings are down on the year by 0.1 percent.
No it's not. CPI is up 3.7% yoy. 6-month annualized CPI is even higher. Where do you come up with this stuff?
checking in is probably looking at this widely distributed tweet from Krugman. It's a super-core inflation rate running at 2%, leaving out a bunch of stuff. Caveat emptor.
We've updated our BetterRunningShoes.com web site to make it easier to find good deals on the best shoes. To keep it great we need new shoe reviews from you.