Reply to May CPI 8.6%

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote]

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.[/quote]

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.  [/quote]

+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. [/quote]

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. [/quote]

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.[/quote]

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

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