This economy is so bad

[TheNewGirl 1,491]

33 minutes ago, Pimpadeaux said:

Again, I would like to stick to analyzing economic indicators that would show whether we have a bad economy. All the ones I'm seeing point to the economy being good right now.

Inflation resulted from simple supply and demand. Demand and supply both dropped off during COVID, and when demand roared back to life, supply couldn't keep up with it, hence inflation. Then Russia invading Ukraine compounded all that.

Since then, inflation has slowed. Prices are coming down. Unemployment is at or near record lows. Consumer confidence is high.

All we have from the far right are catastrophizing statements that don't logically follow economic facts and the circumstances that led to them.

 

This article disagrees with you:  https://www.forbes.com/advisor/investing/current-inflation-rate/

And this one says housing will continue to be difficult into 2024 unless a few key things happen: https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

And your car insurance is going to go up (because of theft, crime, vandalism claims): https://www.forbes.com/advisor/car-insurance/why-is-my-car-insurance-so-high/

 

Quote

 

The current CPI report also found:

• The cost of shelter rose 0.6% in January and was, again, a major contributor to the rise in CPI this month. The shelter index is up 6% from the same time a year ago.

• Lower gas prices contributed to a 0.5% decline in the energy index in January. Over the past year, the energy index decreased 4.6%. Energy did decrease so that's good, but the Core CPI below minus food and energy still went up almost 4%, so it's kind of moot. 

• Food prices rose 0.4% between December and January. Prices for groceries (+0.4%) and restaurants (+0.5%) were both higher.

• Core CPI — that is, all items less food and energy — rose 0.4% over the last month and 3.9% over the past 12 months.

 

•  

From: https://www.nerdwallet.com/article/finance/what-is-cpi

[Bert 1,128]

3 minutes ago, Pimpadeaux said:

Why did your company lay off 600 people?

Cut 2024 workforce budget by 10%.  5.8% actual people and 4.2% from eliminating and decreasing levels of open positions.  Increasing Operating costs expected in 2024 and 2025 primarily.  Electricity, material, labor ( including benefits), property taxes and regulatory costs increasing and eating into margin.  

[Pimpadeaux 2,406]

8 minutes ago, TheNewGirl said:

This article disagrees with you:  https://www.forbes.com/advisor/investing/current-inflation-rate/

And this one says housing will continue to be difficult into 2024 unless a few key things happen: https://www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/

And your car insurance is going to go up (because of theft, crime, vandalism claims): https://www.forbes.com/advisor/car-insurance/why-is-my-car-insurance-so-high/

 

 

Inflation has slowed. Car and gas prices have come down, although the latter will tick up as we head into spring and then travel season. Mortgage rates aren't great, but they're not nearly as crazy as they have been at certain points in the past.

Again, I'm not seeing anything that indicates a "bad economy." A mixed bag of good and not-good news doesn't indicate a bad economy.

I see a lot of catastrophizing and fear-mongering, but where are the facts regarding this "bad economy?"

I've pointed to myriad indicators that the economy is good.

[Hardcore troubadour 15,433]

My Fockin car insurance went up again because of the increase in car theft. Nice job libtards. 

[Hardcore troubadour 15,433]

Car prices are coming down slightly because of excess inventory.  Should be coming down even more as the inventory piles up over the coming months. It’s happening, so  I guess that’s a good thing as well. We skip over the middle parts now. 

[RLLD 4,230]

45 minutes ago, Pimpadeaux said:

Again, I would like to stick to analyzing economic indicators that would show whether we have a bad economy. All the ones I'm seeing point to the economy being good right now.

Inflation resulted from simple supply and demand. Demand and supply both dropped off during COVID, and when demand roared back to life, supply couldn't keep up with it, hence inflation. Then Russia invading Ukraine compounded all that.

Since then, inflation has slowed. Prices are coming down. Unemployment is at or near record lows. Consumer confidence is high.

All we have from the far right are catastrophizing statements that don't logically follow economic facts and the circumstances that led to them.

 

And that is exactly what I want you to do....more importantly I want Democrats and their minions in media to do this....

It is working.  It is exactly what Republicans need to win at the ballot box.  Honestly, yell it from the roof tops....over and over....hell, I will do it with you ( but we have to pretend I am a liberal as well) 

The more the people harmed are gaslit....the more they poll away from Democrats.  Its all good for me.

[Horseman 2,458]

RLLD nailed it.

Ignore gas prices this summer! 

Ignore the cost of groceries!

Ignore how much you're paying in rent!

BIDENOMICS WORKS POOR PEOPLE!  I mean only $8 late fees when you can't make your CC payment.  What more do you want!

 

[Pimpadeaux 2,406]

50 minutes ago, RLLD said:

And that is exactly what I want you to do....more importantly I want Democrats and their minions in media to do this....

It is working.  It is exactly what Republicans need to win at the ballot box.  Honestly, yell it from the roof tops....over and over....hell, I will do it with you ( but we have to pretend I am a liberal as well) 

The more the people harmed are gaslit....the more they poll away from Democrats.  Its all good for me.

Still meandering in conjecture. 

OK, here's unemployment:

https://data.bls.gov/timeseries/LNS14000000

Download:  

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2014	6.6	6.7	6.7	6.2	6.3	6.1	6.2	6.1	5.9	5.7	5.8	5.6
2015	5.7	5.5	5.4	5.4	5.6	5.3	5.2	5.1	5.0	5.0	5.1	5.0
2016	4.8	4.9	5.0	5.1	4.8	4.9	4.8	4.9	5.0	4.9	4.7	4.7
2017	4.7	4.6	4.4	4.4	4.4	4.3	4.3	4.4	4.3	4.2	4.2	4.1
2018	4.0	4.1	4.0	4.0	3.8	4.0	3.8	3.8	3.7	3.8	3.8	3.9
2019	4.0	3.8	3.8	3.7	3.6	3.6	3.7	3.6	3.5	3.6	3.6	3.6
2020	3.6	3.5	4.4	14.8	13.2	11.0	10.2	8.4	7.8	6.8	6.7	6.7
2021	6.4	6.2	6.1	6.1	5.8	5.9	5.4	5.1	4.7	4.5	4.1	3.9
2022	4.0	3.8	3.6	3.7	3.6	3.6	3.5	3.6	3.5	3.6	3.6	3.5
2023	3.4	3.6	3.5	3.4	3.7	3.6	3.5	3.8	3.8	3.8	3.7	3.7
2024	3.7

Unemployment is a big economic indicator. Is unemployment up or down?

[Pimpadeaux 2,406]

Let's take job growth.

https://www.hrdive.com/news/breaking-down-the-monthly-bls-job-report/568584/

Quote

Quote

Total nonfarm payroll rose by 353,000 in January, according to the U.S. Bureau of Labor Statistics, starting 2024 in a strong position that far beat expectations, various economists said. The unemployment rate remained at 3.7%.

Modest revisions to previous months’ reports also indicated 2023 may have ended stronger than expected even amid January’s high-profile layoffs. Gains were broad across the board, touching a majority of industries.

 

 

[Hardcore troubadour 15,433]

Pimpadoosh rooting for deflation, acting like it’s a good thing. He just understand economics. 

[Pimpadeaux 2,406]

1 minute ago, Hardcore troubadour said:

Pimpadoosh rooting for deflation, acting like it’s a good thing. He just understand economics. 

Says the guy who on one hand whines about gas prices, doesn't understand the basic supply-and-demand economics of it and then  about oilfield unemployment while happily paying $1.25 for a gallon of gas. I'm happy to pay $3 at the pump so our hard-working, God-fearing oilfield workers remain on the job.

You just blamed liberals for car thefts. A political philosophy doesn't fuel car thefts.

Because vehicles and their parts became more expensive thanks to supply and demand, vehicle theft became more lucrative. 

In general, the economy is anything but bad. Certain aspects are absolutely rolling while others are not, but you'll ignore a mountain of facts and throw the baby out with the bathwater because politics drives you.

So ignorant, but certainly entertaining.

 

[Horseman 2,458]

Poor people only care about cost of goods:  Grocery (such as cool aide and watermelon), gas, rent and baby momma's cell phone bill.  

Rusty's not smart enough to figure that out. He sells insurance.  

[Hardcore troubadour 15,433]

4 minutes ago, Horseman said:

Poor people only care about cost of goods:  Grocery (such as cool aide and watermelon), gas, rent and baby momma's cell phone bill.  

Rusty's not smart enough to figure that out. He sells insurance.  

Rusty/ Pimpadoosh also has some real bad HTDS. Not long ago he was telling us all how bad prices going down was and only MAGA’s wanted that because they don’t understand. Now he’s saying prices are going down as an example of a good thing. I rule him. He’s my pet. 

[TheNewGirl 1,491]

1 hour ago, Pimpadeaux said:

Inflation has slowed. Car and gas prices have come down, although the latter will tick up as we head into spring and then travel season. Mortgage rates aren't great, but they're not nearly as crazy as they have been at certain points in the past.

Again, I'm not seeing anything that indicates a "bad economy." A mixed bag of good and not-good news doesn't indicate a bad economy.

I see a lot of catastrophizing and fear-mongering, but where are the facts regarding this "bad economy?"

I've pointed to myriad indicators that the economy is good.

The current CPI report also found:

The cost of shelter rose 0.6% in January and was, again, a major contributor to the rise in CPI this month. The shelter index is up 6% from the same time a year ago.

Lower gas prices contributed to a 0.5% decline in the energy index in January. Over the past year, the energy index decreased 4.6%. 

Food prices rose 0.4% between December and January. Prices for groceries (+0.4%) and restaurants (+0.5%) were both higher.

Core CPI — that is, all items less food and energy — rose 0.4% over the last month and 3.9% over the past 12 months.

So even though all items less food and energy have risen almost 4% over the past 12 months is a "good economy?" When people still cannot afford homes? Other expenses are increasing (insurance), etc? This is good?  

[BeachGuy23 642]

1 hour ago, Horseman said:

RLLD nailed it.

Ignore gas prices this summer! 

Ignore the cost of groceries!

Ignore how much you're paying in rent!

BIDENOMICS WORKS POOR PEOPLE!  I mean only $8 late fees when you can't make your CC payment.  What more do you want!

 

Real wages are just about caught up since 2021 boyo.

And the lower wage earners have actually outpaced inflation quite bigly.

Inflation started 2 months into Biden's term, surely you don't believe that a president can impact US inflation that quickly do you...oh wait...

Inflation sits squarely at the feet of Trump.  He sent everyone checks.  Supply chains were destroyed in 2020 so that when Biden rescued the country demand went through the roof yet supply couldn't keep up.

Inflation 101 boyo. 

[Horseman 2,458]

4 minutes ago, BeachGuy23 said:

And the lower wage earners have actually outpaced inflation quite bigly.

Your anecdotal evidence doesn't mean much.  Good for you though.  

[Hardcore troubadour 15,433]

Real wages are not up under Biden.  That’s just a lie.  But they play the cherry pick game and think everyone is dumber than they are. 

[BeachGuy23 642]

3 minutes ago, Hardcore troubadour said:

Real wages are not up under Biden.  That’s just a lie.  But they play the cherry pick game and think everyone is dumber than they are. 

Real wages are close to even now and lower wage earners are up bigly boyo. 

Facts not feelz. 

[Hardcore troubadour 15,433]

2 minutes ago, BeachGuy23 said:

Real wages are close to even now and lower wage earners are up bigly boyo. 

Facts not feelz. 

Oh. Now they are close to even.  Which they aren’t but at least your lie isn’t as glaring. Keep working on it, you might get there someday. 

[BeachGuy23 642]

3 minutes ago, Hardcore troubadour said:

Oh. Now they are close to even.  Which they aren’t but at least your lie isn’t as glaring. Keep working on it, you might get there someday. 

Unlike you boyo, I back up my words with facts.

https://www.americanprogress.org/article/workers-paychecks-are-growing-more-quickly-than-prices/

 

 

 

[Horseman 2,458]

Poll:  Who is Dumber?:

Rusty

BeachGay

Biden

You've heard from the other two, let's hear from the Vegetable President.

 

 

[Pimpadeaux 2,406]

1 hour ago, Horseman said:

Poor people only care about cost of goods:  Grocery (such as cool aide and watermelon), gas, rent and baby momma's cell phone bill.  

Rusty's not smart enough to figure that out. He sells insurance.  

What a focking ignorant racist knuckle dragger you are.

Sad.

(And it's Kool-Aid, illiterate moron.)

Oh, and watermelon prices have decreased the past couple of months, Stanley Statistic.

https://procurementtactics.com/watermelon-prices/

Insurance salesman pwns you again.

 

[seafoam1 3,025]

3 minutes ago, Pimpadeaux said:

What a focking ignorant racist knuckle dragger you are.

Sad.

(And it's Kool-Aid, illiterate moron.)

Oh, and watermelon prices have decreased the past couple of months, Stanley Statistic.

https://procurementtactics.com/watermelon-prices/

Insurance salesman pwns you again.

 

Fock. You really are stupid. 

But then again, so are all liberals. 

[Hardcore troubadour 15,433]

Watermelon prices in 2020 were 16 dollars a pound. But hey, the price has gone down from 27 dollars a pound to 23 in the last couple of months. Rusty with the self own once again. L.  

[HellToupee 1,776]

11 minutes ago, Pimpadeaux said:

What a focking ignorant racist knuckle dragger you are.

Sad.

(And it's Kool-Aid, illiterate moron.)

Oh, and watermelon prices have decreased the past couple of months, Stanley Statistic.

https://procurementtactics.com/watermelon-prices/

Insurance salesman pwns you again.

 

What a stooge

[thegeneral 3,214]

The economy is so bad people are buying shet gold spray painted shoes for thousands on eBay and contributing to a GoFundMe to pay the debt for a “billionaire”.

What a country!

[Pimpadeaux 2,406]

4 minutes ago, Hardcore troubadour said:

Watermelon prices in 2020 were 16 dollars a pound. But hey, the price has gone down from 27 dollars a pound to 23 in the last couple of months. Rusty with the self own once again. L.  

Watermelon prices are $23 a pound? 

You're only off by a few decimals, Mike Mathmatics.

https://www.selinawamucii.com/insights/prices/united-states-of-america/watermelon/

Quote

The retail price range for US watermelon is between US$ 0.97 and US$ 1.93 per kilogram or between US$ 0.44 and US$ 0.88 per pound(lb).

Maybe you're confusing watermelon with filet mignon, boyo.

[Pimpadeaux 2,406]

3 minutes ago, thegeneral said:

The economy is so bad people are buying shet gold spray painted shoes for thousands on eBay and contributing to a GoFundMe to pay the debt for a “billionaire”.

What a country!

HT so desperately wants the economy to be bad that he is willing to pay more than 26 times the going price of watermelon to prove it.

 

[HellToupee 1,776]

5 minutes ago, Pimpadeaux said:

Watermelon prices are $23 a pound? 

You're only off by a few decimals, Mike Mathmatics.

https://www.selinawamucii.com/insights/prices/united-states-of-america/watermelon/

Maybe you're confusing watermelon with filet mignon, boyo.

 

[Hardcore troubadour 15,433]

10 minutes ago, Pimpadeaux said:

Watermelon prices are $23 a pound? 

You're only off by a few decimals, Mike Mathmatics.

https://www.selinawamucii.com/insights/prices/united-states-of-america/watermelon/

Maybe you're confusing watermelon with filet mignon, boyo.

Sorry. Per CRT. It was still 16 in 2020 and it’s way over that now. Rusty for the L. 

[Pimpadeaux 2,406]

2 minutes ago, HellToupee said:

 

So you, too, believe that watermelon is $23 a pound?

Let the MAGAturd deflections begin!

Walmart has lots of watermelons in the NYC area for vastly less than $23 a pound.

PM me your addresses so I can send you watermelons so as you don't get duped by some street-corner melon salesman trying to get you to pay $23 a pound.

 

[Pimpadeaux 2,406]

Just now, Hardcore troubadour said:

Sorry. Per CRT. It was still 16 in 2020 and it’s way over that now. Rusty for the L. 

Let's update the HT scorecard:

Juneteenth is in December.

Aircraft can't transport tanks.

Greater numbers are less than smaller numbers.

Primary losers can't run in the general election.

Watermelons cost $23 a pound.

The "L" here being Pimpadeaux leading you to reality.

Enjoy the ride.

[Hardcore troubadour 15,433]

2 minutes ago, Pimpadeaux said:

So you, too, believe that watermelon is $23 a pound?

Let the MAGAturd deflections begin!

Walmart has lots of watermelons in the NYC area for vastly less than $23 a pound.

PM me your addresses so I can send you watermelons so as you don't get duped by some street-corner melon salesman trying to get you to pay $23 a pound.

 

Flailing after the L. Watermelon prices are way up since 2020.  L. 

[Ron_Artest 1,532]

1 hour ago, BeachGuy23 said:

Real wages are just about caught up since 2021 boyo.

And the lower wage earners have actually outpaced inflation quite bigly.

Inflation started 2 months into Biden's term, surely you don't believe that a president can impact US inflation that quickly do you...oh wait...

Inflation sits squarely at the feet of Trump.  He sent everyone checks.  Supply chains were destroyed in 2020 so that when Biden rescued the country demand went through the roof yet supply couldn't keep up.

Inflation 101 boyo. 

Truth.  And what does trump propose?  Drill baby drill.  Not a solution.  Clown show.

[Pimpadeaux 2,406]

3 minutes ago, Hardcore troubadour said:

Flailing after the L. Watermelon prices are way up since 2020.  L. 

But they'd have to increase by 26 times to get them to where you say they are now.

[Pimpadeaux 2,406]

MUH WERTERMELON PERSES!

THE EKERNOMY IS BERD!

[thegeneral 3,214]

Gotta say these watermelons sound pretty amazing. 

[shadrap 228]

all I know is pretty much any eatery I go to, including fast food the prices have gone up 40 to 70% in the last 3 years.  

[thegeneral 3,214]

I thought my 7 dollar eggs were extravagant.  

[Pimpadeaux 2,406]

Just now, thegeneral said:

Gotta say these watermelons sound pretty amazing. 

The average watermelon weighs 20 pounds. 

As an insurance salesman, I have to be frugal with my money and can't be paying $460 for one of these Lexus watermelons that HT enjoys in his retirement while posting here all day.