🌎 Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[squeekness]

It's price gouging!

Yeah, not that hard to figure out.

 

[blueharvest]

Americans' refusal to keep paying higher prices may be dealing a final blow to US inflation spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

apnews.com

 

[MagnarTheGreat]

Americans falsely think there’s a recession ongoing their entire lives.

List of recessions in the United States - Wikipedia

en.m.wikipedia.org

 

[Lily Adler]

Americans falsely think there’s a recession ongoing their entire lives.

List of recessions in the United States - Wikipedia

en.m.wikipedia.org

Corporate interests manipulating the government, markets, and media with lobbying, price gouging, and propaganda certainly doesn't help with this misconception. 🙄

 

[MagnarTheGreat]

Visualizing Wealth Distribution in America (1990-2023)

Wealth distribution in America is becoming increasingly unequal, with the wealth held by the top 0.1% reaching its highest level on record.

www.visualcapitalist.com

The macro economy grows but the gains are enjoyed by half of households. So it’s not a lifetime recession - you’re just poor or know more of the 50% of households who effectively are.

Warren Buffett ‘extraordinary’ for acknowledging class war by the rich: Kurt Andersen

In a recent interview. author Kurt Andersen called Warren Buffett “extraordinary” for his acknowledgment of how the wealthy avoid taxes and influence policy in Washington.

finance.yahoo.com

Buffett, the fourth-wealthiest person on earth, told The New York Times in 2006 that the rich had leveraged their wealth and power to secure a favorable tax code: "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”

In order to reverse this trend, voters and politicians must adopt policies that make the rich poorer and the poor richer.

So-called trickle down economics is a lie (the belief that enriching the rich helps the poor and lower classes.)

https://www.washingtonpost.com/business/2020/12/23/tax-cuts-rich-trickle-down/

 

[squeekness]

Americans falsely think there’s a recession ongoing their entire lives.

List of recessions in the United States - Wikipedia

en.m.wikipedia.org

You can thank Newsmax and Faux News for that.

 

[blueharvest]

Trump wants a role in setting interest rates. Some economists say it's a bad idea

Donald Trump recently said the president should have a role in setting interest rates but some economists say that's a bad idea.

abcnews.go.com

 

[squeekness]

Trump wants a role in setting interest rates. Some economists say it's a bad idea

Donald Trump recently said the president should have a role in setting interest rates but some economists say that's a bad idea.

abcnews.go.com

Everything he touches turns to crap. Only a fool would let him decide anything as important as this.

 

[blueharvest]

 

[blueharvest]

Inflation cooled in July, reaching lowest level since March 2021

Price increases have slowed significantly, but remain above the Fed's target.

abcnews.go.com

 

[MagnarTheGreat]

 

[blueharvest]

 

[Lily Adler]

No we should let Trump take over.

 

[squeekness]

No we should let Trump take over.

He's such a moron.

 

[DJ Kornphlake]

 

[blueharvest]

US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates.

apnews.com

 

[Lily Adler]

 

[Lily Adler]

I'm so seriously over corporations pushing profits over people. The idea that laying off employees, so they won't have to pay their workers and raise prices on consumers is bull****.

 

[MagnarTheGreat]

Inflation is already down from a peak of 9% in June 2022 to 2.9% now. This was accomplished with supply chains catching up, our trading partners lower levels of economic activity and inflation, interest rate hikes, and the Inflation Reduction Act of 2022 being signed by President Biden.

Would creating a recession or depression on purpose lower the rate, too? Yeah but why in the **** would you do that unless you're a suicide bomber for Donald Trump? That's where this dumb ass policy is being touted for.

Heatmap - Economic Indicators By Country

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Heatmap - Economic Indicators By Country - was last updated on Thursday, November 21, 2024.

tradingeconomics.com

United States Inflation Rate

Inflation Rate in the United States decreased to 2.40 percent in September from 2.50 percent in August of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[blueharvest]

 

[blueharvest]

Trump Claims His Pre-Pandemic Economy Was ‘The Best.’ The Numbers Say Otherwise.

Donald Trump often claims the U.S. economy before COVID was the best ever. But a variety of measures show it’s actually better now.

www.huffpost.com

 

[Lily Adler]

As Massachusetts has shown, it's time for a wealth tax!

 

[blueharvest]

 

[Lily Adler]

 

[Lily Adler]