Posted on 03/22/2023 9:11:00 AM PDT by ChicagoConservative27
Interest rates are high. Banks are collapsing. Inflation is taking a bite. Businesses can’t find workers. Others still can’t find products. Small business optimism is low. Our national debt is exploding. A fungus has killed 99 percent of the world’s population. Wait…sorry, that’s just a TV show.
The media love to report on doom and gloom. Meanwhile, and despite all the bad economic news we hear, I’ve got some good news: Things aren’t as bad as they seem.
I talk to small and mid-sized businesses every day all around the country, and although there’s lots of grumbling, no one’s denying that they’re still making profits. They’re concerned about all the bad economic news they hear. But it’s not all that bad. Here are a few reasons why.
(Excerpt) Read more at thehill.com ...
“Isnt that new rope so much softer? You’re welcome...”
No. Maybe unskilled has issues but look at the job boards with hundreds and thousands of applicants for most job listings where stats are posted. The problem is low wages, made worse by inflation. Key issue is H1B who work for a fraction of American wage. End the H1B scam.
Zillow said my home value increased $24,000 over the last 30 days.
Spit.
What a steaming pile.
My summary of the article: “All of the news is bad. Here’s why that’s good news ...”
There is a point.
Metrics are mixed. The economy has not in practical terms crashed, yet. There is still a lot of money flying around, and people are still buying luxuries.
What has people alarmed is that a lot of the metrics are mixed and point all kinds of contradictory ways, the money flying around is substantially the government flinging money, inflation is high but interest rates are clearly not high enough to curtail it - while many metrics point towards stagnation and we have banks collapsing because they are failing to be able to compensate for the interest rates we have.
We’ve seen the water pull back from the shore, and there is a distant line across the horizon - but how far away is it really, and how high? 6” or 600’? We see evidence that it’s going to be big, but we can’t actually see precisely how big it is.
What’s most interesting about this is that every single announcement I’ve seen is from someone who has one or two professional descriptions: (1) corporate recruiting, or (2) some kind of “diversity officer” nonsense.
Every successful small business owner I know completely ignores macroeconomic manipulation and government thuggery and just gets on with whatever they need to do. The headline angst is largely among wage-earners - as it should be. They have far less opportunity to change their situation when a crisis occurs.
I call BS too! My husband has a small business that provides services for other small businesses. We are all hurting. Diesel prices have hurt everyone. I do not understand the economy. Local businesses are hiring entry-level positions for kids just out of high school at $19 and up with benefits, but they can’t find enough people. This used to be a signal of a good economy, but it is not today.
Is gasoline and food in the stores cheaper than it seems?
“GENE MARKS, OPINION CONTRIBUTOR”
Chatbot alias.
I recognize it’s not as bad for me, at the moment. I’m an evil double dipper that’s also working 40+ hours a week. It’s a bit out of necessity, as I’m partially supporting a son and his family, while they care for my granddaughter. She’s in her second week at home, after 16 months in NICU. She’s doing great, a real fighter.
I’m doing fine. No worries. I’m retired but I get by well enough. When prices climb, I adapt.
“I’ve got some good news: Things aren’t as bad as they seem.”
Nay, nay...it’s far worse and built of paper.
Perfect!
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