Home Forums Hunting & Shooting Hunter's Campfire A good economy?

K

Hey everybody, look!!!

Under my hero J.Robin inflation is down to 3.3%!!

Just don't look under the hood where that 3.3% is based/compounded off of a 15% avg[probably too low] inflationary pace over the past 3 years.

Don't do the math, it will ruin your day!

Jetboi when is the fed dropping rates?

2023 Q3 Household Debt - a blindly all time high of $17.29 Trillion

On February 6, the New York Fed will release Q4 2023 numbers. Here's a hint, it ain't going down....

You can cherrypick little bright spots all you want, but at the end of the day, it's about the economic pain households are experiencing. THAT is the only economic indicator that matters. The rest of the data is jerkoff fodder for sipin clowns and failed Administrations hoping to remain in office.

hopefully not for awhile.....that era of super low rates helped cause the conditions now. anybody with a brain could see what was coming. interest rates of 5-6% for a mortgage would be a good settling point.

but everybody thinks 5% is to high because it used to be 2.5%....this is just another cycle like its been doing forever....bob

Yeah this is not a good economy for those with zero impulse control and financial discipline.

When you think about how much money was taken from you at the fuel pump, grocery store, and about every other purchase you make it should make you really mad.

Agreed.

The high employment figures can be traced back directly to Trump’s confrontation with China, which resulted in massive “re-shoring”, I.e. making things in places other than China, including the US.

Employment is a good thing, but the only number that is really relevant is the worker productivity level. If employees make more s#it per hour, the economy moves forward. After being stagnant or going backward during the Covidiocy, it’s now improving pretty dramatically (3.2% last quarter). That drives both profits and wages up. Wages are finally rising faster than inflation. Profits are also improving.

Ironically, higher wages can be a good thing for producers, as it forces innovation through mechanization / automation. If you can hire Jose and his six children for 7.50 an hour to pluck chickens, you have much less motivation to automate that job than when you have to pay $18. Additional automation results in higher worker productivity, which boosts the whole cycle again.

As long as interest rates don’t go high enough that producers can’t afford the automation, that process will continue.

The working class who aren't employed by the government are the ones feeling the pinch. The deadbeats, freeloaders and wealthy are living better than ever. Inflation is supposedly only up 8%, everything I buy seems to be up 30+ percent compared to before the plandemic hoax. FJB and anyone who voted for him.

Yes

no......even those who work for .gov is paying like everybody else. they buy cars , houses, food etc....bob

.gov raised the rates

Cockjockey says the economy is better now than when President Trump was running the show.

I don't think so...even if they were solely responsible it affects their employees too....bob

Isn’t the fed .gov🤷‍♂️

And wages are outpacing inflation. So, you now have more buying power than you did a year ago. Great news.