Posted on 06/23/2022 12:48:50 PM PDT by nickcarraway
Americans are more worried about inflation hurting their wallets than they should be — and they should “calm down” and “stop complaining” about it, according to a Washington Post columnist.
“Overall, many Americans aren’t suffering as much as they think they are and we can think things into existence because we are unrealistically fearful of something that hasn’t happened yet,” the paper’s personal finance columnist Michelle Singletary said during a Wednesday appearance on MSNBC. “We don’t know if we’re in a recession yet.”
Singletary downplayed concerns about the impact of rising prices after MSNBC anchor Chris Jansing pointed out a poll by Politico and Morning Consult which showed that 38% of Americans “say they would rather see a recession than the inflation we’re dealing with.”
(Excerpt) Read more at nypost.com ...
Yeah, at least the mean tweets are gone!!
Who says they are complaining? There is no evidence they are complaining.
More ‘shut up, listen and do what your better command.’ F U.
Okay, once the media stops with their divisive, lying BS propaganda.....then maybe, I’ll complain less....
(“We don’t know if we’re in a recession yet.”)
Yeah, that’s a tough one.
More lockdowns, higher gas prices, higher food prices, more mandates and raising interest rates should help.
Nope, no disaster coming at all. It’s soooo hard to predict.
“aren’t suffering as much as they think they are”
I don’t like it when someone tells me what to think.
Michelle Singletary is a retard.
Another Wa Po idiot
I’ll bet she was scared sh!@less when things were actually great.
Yes. Soooooo difficult to foresee. Today ... The flash U.S. services PMI fell to 51.6 in June from 53.4 in May. Combine that with most recent CPI, PPI, and the University of Michigan Consumer Sentiment and there is a perfect storm brewing and no one can see it.
I guess the Amazon Compost only looks at the rainbow unicorn economic indicator.
I can’t imagine the looming disaster in the fall and spring
My guess is significant market correction comes September / October.
OK it’s a guess.......so FWIW
And no more talking bad about Dear Leader. He’s doing the best he can. He’s using all of the mental capacity that he has left. He’s following the advice of his liberal commie “friends”. What more can you ask of Brandon?
Now that is scary considering that the NASDAQ is already down something like 30% this year. I don't think people will be worried about their portfolios unless they are retired and have to live off them. Most people will simply worry about having a job so they can afford the bare essentials.
Unemployment is the next big spike economy. It will be fast and ugly, climbing well over 10% by end of year. The soothsayer speaketh - ConservativeInPa, June 23rd, in the year of Our Lord, 2022.
Idiot doesn’t get that just because we’re not officially in a recession, doesn’t mean that prices are not higher and hurting people.
Must be nice to have enough money to not have to worry about the cost of food and gas.
My guess is the Fed will plus .5 maybe even .75 again.
So says Michelle Singletary whose net worth is $1.92 million. ...................Re: https://peopleai.com/fame/identities/michelle-singletary
The people inflation hurts most are lower-middle class and the middle-class. I would include poor but many of today's poor are taken care of by government programs that will inflate benefits with inflation.
Ah yes. That 7.18 per gallon for diesel at the local gas station is all an illusion.
We will be reaching North Korea levels of propaganda here soon
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