Yes. Are people thinking “slowing inflation” means “deflation”?
Yes! So tired of the article questioning why people say the economy is bad when all the indicators are good. Just because inflation has come down doesn’t help when everything is still 20-30% more expensive. A lot of Americans can’t even live with that, most can’t thrive. 80% of Americans have less money in the bank than before Covid. Credit card debt has skyrocketed. Car defaults are record levels. We are approaching the wall! The Biden administration is doing everything they can to shield the public from what is so obviously a major banking crisis. FDIC giving banks authority to do workouts on Commercial RE loans that are totally under water. The can is kicked, and eventually will have to be dealt with. Just wait till after the election. Lol.
If you want to fight inflation then stop buying so much stuff or shop around, getting things at cheaper places.
Greed is here to stay
Guess it’s time for wages to up again right guys!!!??? Right??
The Reaganomics solution might help, that is after Jimmy Carter sent the economy into a headspin of inflation and Ronald Reagan was elected, taking big balls action with deregulating businesses, lowering tax rates for businesses which in effect increased employment, decreased prices and nearly eliminated the national debt.
Vox just realized that prices going up isn’t inflation. Hell may be freezing over.
Still idiots because they claim inflation is coming down. It’s not, it’s just increasing more slowly.
And still significantly faster than it was just 4 years ago.
>Inflation in the US is falling relatively quickly compared to all of our other peer countries
Irrelevant.
>Two things are true in the United States today: The economy is good, and people hate it. Poll after poll shows that many Americans think the economy is in the gutter and that it’s getting worse. That’s even though the labor market is robust, economic growth is strong, and many people say their personal financial situations are just fine. Not to mention that the recession many economists have been predicting for over a year hasn’t materialized. “Why do people say the economy is bad even when it’s good?” is a question dogging economists, journalists, and the White House, which would very much like to convince people otherwise.
And there is the flood of propaganda. On paper the economy is “good”, sure, for rich people. But if you perform a cranial-rectal inversion and use your eyes, the reality comes in to focus quickly.
We have record numbers of people with multiple jobs as well as record amounts of debt and defaults. And for some reason people won’t acknowledge the situation unless the people who benefit from lying to you admit that they fucked up. That’s a ridiculous way to assess a situation.
>“Why do people say the economy is bad even when it’s good?” is a question dogging economists, journalists, and the White House, which would very much like to convince people otherwise.
If it were true, people would not need convincing.
>I don’t pretend to have all the answers here
lol
>In September 2023, they were up by 3.7 percent
Again with the propaganda. That number excludes food, fuel and housing. It’s called “supercore” inflation rate and it’s a lie.
>“The things that people are very price sensitive about and that they really do think about — the price of gas, food prices, price of cars, the price of housing — is all pretty elevated.
Oh all those things we just mentioned that you like to exclude from your calculations? Fuck you.
> wages are outpacing inflation
In a couple areas. Everyone else is worse off. Why not mention that? Does it damage your narrative?
>“The reality is inflation takes away and it gives back. It takes away, prices go up, and it gives back, wages catch up,”
That’s a negative feedback loop that keeps the poors in the same place on the treadmill while people closer to the money tap get to make all the gains.
>Overall, people do just seem angrier at inflation than they are happy about jobs. A recent Blueprint/YouGov poll found that 64 percent of registered voters would most like to see lower prices on goods, services, and gas improved in the economy, compared to 20 percent who wanted higher wages, 9 percent who wanted lower interest rates, and just 7 percent who wanted more jobs.
Whether you like it or not “number go up” is a placebo. What all these people want is the same fucking thing: to get more value out of their money.
Vox is garbage.
It’s corporate greed. President Biden should use his position to shame these corporations.
Did you say inflation = higher prices ?!
Hmmm. I never knew
🤡doesn’t understand inflation.
Inflation slowing down means prices go up more slowly.
Greed.
Greedflation
The economy is building a new equilibrium with the inflated money supply. Prices will go marginally higher each year, outpacing the target of 2% most likely until unemployment begins to increase. I doubt we will have deflation at that point, but we will have higher prices than we have now and more poverty.
prices could come down to pre pandemic levels: exhibit 1 is costco prices. eggs were 4.99/2 dozen in 2020 and they are now, milk, avacados, even bacon have all fallen to the prices they were but only at costco – tells you a lot about all the other grocery chains
Never gonna get out the rat race and never going to have any breathing room.
15 comments
Yes. Are people thinking “slowing inflation” means “deflation”?
Yes! So tired of the article questioning why people say the economy is bad when all the indicators are good. Just because inflation has come down doesn’t help when everything is still 20-30% more expensive. A lot of Americans can’t even live with that, most can’t thrive. 80% of Americans have less money in the bank than before Covid. Credit card debt has skyrocketed. Car defaults are record levels. We are approaching the wall! The Biden administration is doing everything they can to shield the public from what is so obviously a major banking crisis. FDIC giving banks authority to do workouts on Commercial RE loans that are totally under water. The can is kicked, and eventually will have to be dealt with. Just wait till after the election. Lol.
If you want to fight inflation then stop buying so much stuff or shop around, getting things at cheaper places.
Greed is here to stay
Guess it’s time for wages to up again right guys!!!??? Right??
The Reaganomics solution might help, that is after Jimmy Carter sent the economy into a headspin of inflation and Ronald Reagan was elected, taking big balls action with deregulating businesses, lowering tax rates for businesses which in effect increased employment, decreased prices and nearly eliminated the national debt.
Vox just realized that prices going up isn’t inflation. Hell may be freezing over.
Still idiots because they claim inflation is coming down. It’s not, it’s just increasing more slowly.
And still significantly faster than it was just 4 years ago.
>Inflation in the US is falling relatively quickly compared to all of our other peer countries
Irrelevant.
>Two things are true in the United States today: The economy is good, and people hate it. Poll after poll shows that many Americans think the economy is in the gutter and that it’s getting worse. That’s even though the labor market is robust, economic growth is strong, and many people say their personal financial situations are just fine. Not to mention that the recession many economists have been predicting for over a year hasn’t materialized. “Why do people say the economy is bad even when it’s good?” is a question dogging economists, journalists, and the White House, which would very much like to convince people otherwise.
And there is the flood of propaganda. On paper the economy is “good”, sure, for rich people. But if you perform a cranial-rectal inversion and use your eyes, the reality comes in to focus quickly.
We have record numbers of people with multiple jobs as well as record amounts of debt and defaults. And for some reason people won’t acknowledge the situation unless the people who benefit from lying to you admit that they fucked up. That’s a ridiculous way to assess a situation.
>“Why do people say the economy is bad even when it’s good?” is a question dogging economists, journalists, and the White House, which would very much like to convince people otherwise.
If it were true, people would not need convincing.
>I don’t pretend to have all the answers here
lol
>In September 2023, they were up by 3.7 percent
Again with the propaganda. That number excludes food, fuel and housing. It’s called “supercore” inflation rate and it’s a lie.
>“The things that people are very price sensitive about and that they really do think about — the price of gas, food prices, price of cars, the price of housing — is all pretty elevated.
Oh all those things we just mentioned that you like to exclude from your calculations? Fuck you.
> wages are outpacing inflation
In a couple areas. Everyone else is worse off. Why not mention that? Does it damage your narrative?
>“The reality is inflation takes away and it gives back. It takes away, prices go up, and it gives back, wages catch up,”
That’s a negative feedback loop that keeps the poors in the same place on the treadmill while people closer to the money tap get to make all the gains.
>Overall, people do just seem angrier at inflation than they are happy about jobs. A recent Blueprint/YouGov poll found that 64 percent of registered voters would most like to see lower prices on goods, services, and gas improved in the economy, compared to 20 percent who wanted higher wages, 9 percent who wanted lower interest rates, and just 7 percent who wanted more jobs.
Whether you like it or not “number go up” is a placebo. What all these people want is the same fucking thing: to get more value out of their money.
Vox is garbage.
It’s corporate greed. President Biden should use his position to shame these corporations.
Did you say inflation = higher prices ?!
Hmmm. I never knew
🤡doesn’t understand inflation.
Inflation slowing down means prices go up more slowly.
Greed.
Greedflation
The economy is building a new equilibrium with the inflated money supply. Prices will go marginally higher each year, outpacing the target of 2% most likely until unemployment begins to increase. I doubt we will have deflation at that point, but we will have higher prices than we have now and more poverty.
prices could come down to pre pandemic levels: exhibit 1 is costco prices. eggs were 4.99/2 dozen in 2020 and they are now, milk, avacados, even bacon have all fallen to the prices they were but only at costco – tells you a lot about all the other grocery chains
Never gonna get out the rat race and never going to have any breathing room.