Oh yeah, I’m sure clown is technically correct about the term and definition of recession. The people losing are definitely the people who are being priced out of groceries and homes. Acting like everything is fine and the economy is great is pretty fucking tone deaf.
His data is zoomed in to YTD and not the past 3 years when the bulk of the inflation happened. You really can’t see that? Zoom out a bit and his data will show a whole different picture. He cherry picked.
In terms of stocks and GDP, I am not delusional that that is trickling down to me or you. That’s great that billionaires are getting richer but how does that help the average american?
You are both arguing from an anecdotal pov and he has data to back up his argument.
Someone is winning and it ain’t you.
Oh yeah, I’m sure clown is technically correct about the term and definition of recession. The people losing are definitely the people who are being priced out of groceries and homes. Acting like everything is fine and the economy is great is pretty fucking tone deaf.
Yup! And that is what they are ignoring. How does billionaires getting richer help me?
His data is zoomed in to YTD and not the past 3 years when the bulk of the inflation happened. You really can’t see that? Zoom out a bit and his data will show a whole different picture. He cherry picked.
In terms of stocks and GDP, I am not delusional that that is trickling down to me or you. That’s great that billionaires are getting richer but how does that help the average american?
That’s not true, inflation-adjusted wages are here:
https://www.bls.gov/charts/usual-weekly-earnings/usual-weekly-earnings-over-time-total-men-women.htm#
You can see we’re up in comparison to 2019, and even if this chart cuts off 2023, we’re also up since 2022 anyway