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palarith ,

All economic numbers are bullshit

Snapz ,

“Believe”

Looks like you should instead be focusing on how these 70% draw the conclusions that lead to their “beliefs”

werefreeatlast ,

Nah, the economy is fine, just like the planet. The people are fucked! Just like George Carlin used to say.

RBWells ,

It’s too uneven. Personally our household is doing better because both kids are working and the company I work for ditched plans to go public, and a couple of other factors. But:

Car insurance increased sharply (probably counted as money coming into the economy)

Homeowners insurance increased

Food prices increased.

Wages don’t increase as much as household costs. Until the wages of everyday people are growing faster than their expenses, they aren’t doing better. Again, personally we are, but I don’t think that can be extrapolated out, most households don’t have an opportunity to deploy more people to work.

MutilationWave ,

Fuckers always trot out that wage growth shit. They truly don’t understand that most people’s wages have not increased. If they have they likely have not even kept up with inflation.

RBWells ,

I’m an accountant and the measurements used in economics are kind of backwards, they worry about payroll cost, that’s true but what the fuck? They measure economic growth as though companies are people and people are expenses.

We need employee owned businesses all round and then that measure might make sense. But as it stands now, it’s literally measuring inequality.

Krauerking ,

I have a feeling that they announced the rate cut because of early access to the data showing that everything was finally cracking under the pressure and Powell was hoping to spike up the stock market with wild abandonment partying before the jobs data and recession flags would become public knowledge.

It’s definitely just a game for getting rich people to be playing with their money and it’s so tiring to be ignored for only their sake.

PanArab ,

In the past 4 years my salary grew at about 3-5% while inflation grew at a much higher rate. I don’t even buy eggs anymore.

Egg prices have soared 60% in a year

Sam_Bass ,

As usual they measure the wrong sectors for these pronouncements

Omgboom ,

With the most recent employment numbers, things are about to get worse

match ,
@match@pawb.social avatar

oh boy, gini is up

squid_slime ,

GDP has to be the worst way to financially review a country.

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