May CPI 8.6%

[Anonymous]

This is the Dims and DCUM fan boys right now

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

So this is the new democrat platform - 8+% inflation is 'good' because it means people are spending and the economy is strong. Meanwhile, everyone's entire life savings are being destroyed. Good luck trying to run on a platform that $5 gas and grocery bills skyrocketing out of control means 'the economy is good'. Please don't act surprised in Nov. when it is a bloodbath for the Dems.

No one says inflation is good. Global energy prices are high. It isn’t the end of the world.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

So this is the new democrat platform - 8+% inflation is 'good' because it means people are spending and the economy is strong. Meanwhile, everyone's entire life savings are being destroyed. Good luck trying to run on a platform that $5 gas and grocery bills skyrocketing out of control means 'the economy is good'. Please don't act surprised in Nov. when it is a bloodbath for the Dems.

Yep. It is gaslighting taken to entirely new level. But this isn’t the same as other gaslighting efforts. Here, I actually know how much money I make and how much that hasn’t changed and I know how much I typically spend at the gas pump and the grocery store. The gas pump has fluctuated on and off but now it is just way up. For me, the biggest, most unexpected hit is my weekly grocery bill at Giant. Not Whole Foods. Giant. It is much much higher. You cannot gas light me that things are good. Other expenses i have have also gone up. But my federal government paycheck has NOT gone up in a meaningful way for nearly 15 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

We don't want a recession. We just want Biden to do something about inflation before it hits 10%. Jesus christ.

Inflation is a sign of a healthy economy dummy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

We don't want a recession. We just want Biden to do something about inflation before it hits 10%. Jesus christ.

Inflation is a sign of a healthy economy dummy

DP. Is recession?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

So this is the new democrat platform - 8+% inflation is 'good' because it means people are spending and the economy is strong. Meanwhile, everyone's entire life savings are being destroyed. Good luck trying to run on a platform that $5 gas and grocery bills skyrocketing out of control means 'the economy is good'. Please don't act surprised in Nov. when it is a bloodbath for the Dems.

Yep. It is gaslighting taken to entirely new level. But this isn’t the same as other gaslighting efforts. Here, I actually know how much money I make and how much that hasn’t changed and I know how much I typically spend at the gas pump and the grocery store. The gas pump has fluctuated on and off but now it is just way up. For me, the biggest, most unexpected hit is my weekly grocery bill at Giant. Not Whole Foods. Giant. It is much much higher. You cannot gas light me that things are good. Other expenses i have have also gone up. But my federal government paycheck has NOT gone up in a meaningful way for nearly 15 years.

Sounds like you didn’t make much of yourself and settled.

Now you want me to feel sorry for you? Dream on.

[Anonymous]

Not sure what anyone can actually do. Energy prices are insane right now worldwide. Supply chain problems persist in many markets, which is driving up cost for the scant resources (also worldwide).

The Fed could raise interest rates to try to cool things down, but can't raise them too high and cause an instant recession.

I know a lot of people rant and rave about the pandemic money, but MUCH of that was under Trump. Want to talk about a terrible use of money? Why don't we talk about the PPP loans that were handed out like candy and not tracked? So many places that actually needed them didn't get them. It was a damn free for all, and LOTS of fraud was committed.

[Anonymous]

I just honestly don't think the old rules apply here with what we have been through in the last year and a half. Pandemic and now war are the reasons for so much of this trouble.

What exactly would the Republicans do? Tax cuts again? Yeah, those have worked out so well for everyone *MASSIVE EYEROLL*

[Anonymous]

Anonymous wrote:Not sure what anyone can actually do. Energy prices are insane right now worldwide. Supply chain problems persist in many markets, which is driving up cost for the scant resources (also worldwide).

The Fed could raise interest rates to try to cool things down, but can't raise them too high and cause an instant recession.

I know a lot of people rant and rave about the pandemic money, but MUCH of that was under Trump. Want to talk about a terrible use of money? Why don't we talk about the PPP loans that were handed out like candy and not tracked? So many places that actually needed them didn't get them. It was a damn free for all, and LOTS of fraud was committed.

Because those inconvenient facts run contrary to the carefully-constructed Republican narrative that inflation is 110% the fault of Sleepy Joe and the spendthrift demonrats.

[Anonymous]

sorry - 2 and a half years is what I meant to type

[Anonymous]

Just my observation as an American consumer - grocery prices seem to be going down from the peak and my inbox is filled with emails from retailers touting huge markdowns on warm weather items (and it's the beginning of June). I just bought new outdoor furniture for almost 50% off and summer clothes are a bargain.

[Anonymous]

Keeping my fingers crossed - could Congress actually be 535 - 0 in favor of the Rs after November?!!

[Anonymous]

Anonymous wrote:Keeping my fingers crossed - could Congress actually be 535 - 0 in favor of the Rs after November?!!

Not easy for Democrats to win with these headlines: "Inflation at highest level in 40 years in May amid high gas prices"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:U Mich consumer confidence survey came out - lowest numbers in the history of the entire survey. Consumers are hanging on by a thread.

This economy is about to fall off a cliff.

And yet, unemployment is at historic lows, people have to much money to spend, and employees are demanding higher wages. But yes, the economy is about to fall off a cliff.

Maybe you missed the news about all the companies starting to lay people off.

Unemployment also lags. First consumer sentiment and spending tank. Then companies start losing money or have their margins hit. Then layoffs come.

We are in the first part of that chain reaction.

+1. When trouble brews, first companies stop hiring. Plenty of that going on right now. As things progress, they will cut hours. Only when things continue to decline is when they do layoffs.

You guys keep praying for a recession but job growth continues. Consumers are spending. Anecdotes about layoffs at a few companies are insignificant. There is always a lot of churn in the labor market. Even when the economy is in full growth, when we “add” 1 million jobs it is the net of about 7 million new jobs at employers that are hiring offsetting 6 million jobs lost at employers that are contracting or closing.

We don't want a recession. We just want Biden to do something about inflation before it hits 10%. Jesus christ.

Inflation is a sign of a healthy economy dummy

You people are delusional.

[Anonymous]

Anonymous wrote:Not sure what anyone can actually do. Energy prices are insane right now worldwide. Supply chain problems persist in many markets, which is driving up cost for the scant resources (also worldwide).

The Fed could raise interest rates to try to cool things down, but can't raise them too high and cause an instant recession.

I know a lot of people rant and rave about the pandemic money, but MUCH of that was under Trump. Want to talk about a terrible use of money? Why don't we talk about the PPP loans that were handed out like candy and not tracked? So many places that actually needed them didn't get them. It was a damn free for all, and LOTS of fraud was committed.

Wrong. You raise rates high to cause a recession. That's exactly what is needed. Volcker realized this. It is bitter medicine to swallow, but it is needed. This is what happens when you build an economy on a diabetic sugar rush of cheap easy money. It always ends in a crash.