Posted on 05/23/2024 9:44:28 PM PDT by yesthatjallen
Is the economy booming or busting?
Depends on whom you ask.
The official data is buoyant — economic growth is solid, the job market is strong, and stocks keep hitting record highs.
Yet many Americans think the economy stinks.
The latest gloomy indicator is a Guardian-Harris survey in which 55% of respondents said they think the economy is shrinking and 56% think we’re in the midst of a recession.
Economic output, adjusted for inflation, grew by a solid 3% during the most recent 12-month period. The unemployment rate is 3.9%. And the US economy created over 3.5 million jobs in 2023.
You basically can’t have a recession when the economy is growing and employers keep hiring at this rate. But this Harris poll isn’t a one-off.
SNIP
(Excerpt) Read more at finance.yahoo.com ...
Jerry Seinfeld voice: Newman
Such B.S.
Everybody buys groceries. They haven't noticed their grocery bill doubled?
Everybody buys gas. They haven't noticed the increase at the pump?
I guess some pampered few have someone else buy their groceries, and prepare and serve their meals - and they have drivers who fill up the gas tank.
I guess those people might think everything is A-OK.
Yeah, only half of Americans are suffering. Vote for Joe so everyone can suffer!
I can’t help it when the gas pumps are always lying to me.
Plants shut down for a couple of weeks every summer for retooling and repairs.
UAW has this worked into its contracts so its members get a two week vacation.
Dad was a 42 year employee.
Ice vehicles are selling. Its the EVs that aren’t.
Some of us live in the real world rather than the fake world of the media’s lies.
$70K trucks and muscle cars aren’t selling. Toyota and Honda brands are the fastest selling vehicles with around a 30 day supply on the lots..
I am retired and put about half the miles on my car than when I was working, so gas isn't really an issue for me. When I bought my car 15 years ago, premium gas was around $4 a gallon. That would be around $6 today I just filled up my gas guzzler for $4.14 the other day. I am getting hammered elsewhere, but gas isn't one of the causes.
THE US ECONOMY DID NOT PRODUCE MILLIONS OF NEW JOBS.
PEOPLE WHO WERE IN LOCKDOWN HAVE BEEN SLOWLY HIRED BACK
WELL KNOWN COMPANIES ARE SHUTTING DOWN EVERYWHERE DUE TO UNENDING THEFT. LAYOFFS re in high NUMBERS-—— NOT a handful.
FORCING A LOCKDOWN-—PUTTING PEOPLE OUT OF THEIR JOB FOR MONTHS-—AND THEN CALLING IT A NEW JOB WHEN THOSE BUSINESSES GET UP & RUNNING AGAIN IS A PURE LIE.
THE PRICE INDEXES ARE ALSO NEVER INCLUDING GAS & GROCERIES
PHONY NUMBERS FROM THE START
DEMS ONLY ACHIEVEMENTS ARE : COOKING THE BOOKS & LYING
Yahoo News is so far left, I’m surprised they haven’t broken their left hip yet! (just picture it). Anyway, I would like the folks at Yahoo to actually go to a grocery store and just buy staples like sugar, flour, bread, eggs, mayo, etc. I bet they may just change their minds about the economy.
“The Dow is at 40,000 but prices are up 20 percent, so effectively the Dow is at 32,000 adjusting for inflation. If you started out 2021 with 32,000 in stocks, and now they are worth 40,000, you DIDN’T MAKE A NICKEL, you merely kept up with inflation.”
Yet when you sell it your basis is the pre-inflation number so you get to pay incrementally more capital gains taxes on the difference in the basis and selling price. So the government wins.
There should be an inflation adjustment factor on the basis number to be “fair.”
UNSOLD INVENTORY EVERYWHERE & “NEW MODELS” JUST AROUND THE CORNER.
IF BANKS ARE NO LONGER MAKING AUTO LOANS THEN THE CUSTOMER IS THE CAPTIVE OF THE AUTO MFG MAKING THE LOAN.
ONLY new car I ever owned was 1965 Pontiac wagon.
GMAC loan was $99 a month.
PUT over 444,000 miles on that car-—ONLY 30 years WISH I STILL HAD IT.
UNSOLD INVENTORY EVERYWHERE & “NEW MODELS” JUST AROUND THE CORNER.
IF BANKS ARE NO LONGER MAKING AUTO LOANS THEN THE CUSTOMER IS THE CAPTIVE OF THE AUTO MFG MAKING THE LOAN.
ONLY new car I ever owned was 1965 Pontiac wagon.
GMAC loan was $99 a month.
PUT over 444,000 miles on that car-—ONLY 30 years WISH I STILL HAD IT.
GLAD TO HAVE MY OLD IRON.
1979 Buick wagon 223,000 miles orig engine
1976 1 ton 4 speed dually 454 truck-—348,000 miles on chassis.
Between the FED demands on autos/trucks & all the gizmos-—customer have finally had enough.
Cost to purchase & maintain is WAAAAAAY too much.
Local neighbor’s friend bought a TOYOTA TUNDRA TRUCK-—$60 K.
When it was paid off & he needed an oil change-—the dealership charged him $135.
I can change the oil in my car or truck IN MY DRIVEWAY-—RAMPS—CHOCKS—drain pan— OIL—new filter (FILL WITH OIL & SMEAR OIL ON GASKET)/ tools/cardboard so I can scoot over the gravel driveway/funnel to put oil into engine from above.
HAVE ALL ITEMS NEEDED ON HAND.
I am 84 y/o FEMALE
ONLY need help staging the car on the ramps so I DO NOT DRIVE UP TOO FAR. CAN BACK OFF WITHOUT HELP.
I have 1979 Buick wagon & 1976 Chevy 1 ton truck.
Guy stopped yesterday & asked it I would sell either one.
NOPE-—WHEN I DIE-—MY OLD IRON MECHANIC GETS THEM BOTH. HE is DELIGHTED.
$70K Trucks???
MORE LIKE $100 K
BIDEN WANTS TO RAISE LONG TERM CAPITAL GAIN UP 82%.
WILL KILL THE STOCK MARKET
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.