Posted on 07/28/2022 7:19:55 AM PDT by MNDude
Lower inflation and greener energy are worth the price of a short downturn.
Inflation has caused consumer confidence to plunge, but when asked about their personal finances rather than the whole economy, people are much cheerier. America’s disappointing gdp figures do not tally with other measures of output or employers’ growing payrolls. Manufacturing surveys register their weakest results since the early days of the pandemic, but that may be because consumers are still rebalancing their spending after the worst phase of the pandemic (there is less buying of home-gym equipment, but more queuing in airports). Even China’s slowdown could help Europe narrowly, by reducing global demand for liquefied natural gas.
(Excerpt) Read more at economist.com ...
And right on cue. The “Economist”
Yeah, maybe The Economist will fold, the building be used for a Recycle Center, the employees will starve and be reduced to begging on the street.
The only silver lining is that the public will realize what a scam the Democrats are foisting on them.
I really hate these experts who control our media that just constantly lie to us. We are in a communist controlled USSA now folks. This is communism. Complete disinformation. They’re lying. We know they’re lying. They know we know they’re lying. They lie anyway and their lies are the “official” narrative.
Winter will be here quick. When Europe is only getting 20-25% of what they need, things won’t look good for them regardless of what China does.
Even China’s slowdown could help Europe narrowly, by reducing global demand for liquefied natural gas....so, one country’s demand for it, will help another continents. If things are slowing down in China, then they’re slowing down everywhere.
So, one’s liberal economics professor in college couldn’t hack the business world so they become a college professor. And if you can’t cut it as a college professor you try your hand at writing for something like the Economist or financial writer for Yahoo News or something?
After a nuclear war, the Economist would write: “On the good side, at least everyone now has a great suntan!”
Lower inflation? We’re just getting started on higher inflation. GDP may recover by the end of the year, but it will only happen because of massive government spending. Green crap? Go sell crazy some place else.
I dropped my Economist subscription about 20 years ago when they started touting carbon credits. Apparently going ever further downhill.
The only silver lining I see is that more people will learn to hate Brandon and the other democRATS.
You gotta love liberals. If it is under their watch, recessions are good for the environment, inflation screws over the evil lenders, unemployment gives people the chance to discover the artist within. Of course, it’s a different story under Republicans.
The Scam of the CENTURY.
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That’s sugar coating it.
CHEERY ABOUT LOSING FROM 10-20% OF YOUR RETIREMENT 401K? I call BS.
but when asked about their personal finances ......people are much cheerier.
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Do they really think people will beleive this ?
SMDH.
Not a one of us could spend and spend beyond our means. This nation is in more debt then we were after any war. These mouth
pieces in DC and the media are liars. This country has been turned in socialism starting with Obama.
At least the border is secure.
And you can take comfort that if you got the vaccine, you won't get Covid.
Wow!!
Outright Gaslighting. The pandemic recovery has stalled, people aren’t back to work. Manufacturing is still lower than pre-pandemic. Green hasn’t changed anything for the average person, poor or middle class, except make their lives harder and choices more limited.
As more information comes in that the ‘Science’ behind global warming relied on bad sensor data, and what global warming we have had may be do to ‘clean air act’ rather than ‘green technologies’ (and I use the green with the understanding that the alternatives used may be more dangerous to the environment that current fossil fuel use) we have to wonder if it’s really worth it.
Almost none of them can grasp the Economic Principle I am talking about, but they do think the Government should buy their art, ... for big bucks.
The silver lining of a recession is a lot of young socialists will begin to experience real world problems and find out the world isn’t all rainbows.
Maybe some of the college brats will get their allowances cut.
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