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submitted 10 months ago by [email protected] to c/[email protected]
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[-] [email protected] 66 points 10 months ago

Rising rents coupled with high borrowing costs and low wage growth have hit some especially hard. “Lower income households are not keeping up,” Goldman said. “Everything looks great but when you look beneath the surface, the disparity between the wealthy and nonwealthy is widening dramatically.”

Everything is great, you're just poor. Have you tried not being poor?

[-] [email protected] 46 points 10 months ago

It's only a recession if I can't take my little yacht trips anymore.

[-] [email protected] 33 points 10 months ago

"It only looks bad if you look closely so y'know, try to avoid that."

[-] [email protected] 9 points 10 months ago

https://youtu.be/I6vjaimSK4E

Have you ever thought if you worked a little harder you wouldn't be so damn poor? Checkmate tankie.

[-] [email protected] 5 points 10 months ago
[-] [email protected] 3 points 10 months ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

[-] [email protected] 53 points 10 months ago* (last edited 10 months ago)

People assume that when they make the same amount of money as they used to but they can't afford groceries or rent or any form of entertainment that's a recession but if you look at this graph they're fucking idiots because actually we made up a new name for when that happens.

[-] [email protected] 49 points 10 months ago

there's basically no evidence of inflation once you exclude anything required to live or anything that shows evidence of inflation from the national inflation metrics

[-] [email protected] 23 points 10 months ago

The inflation is only 2% narrative is so frustrating. It's not like previous years' price hikes went away.

[-] [email protected] 34 points 10 months ago* (last edited 10 months ago)

People are wrong. A recession is when econonystonks-down. Is the public stupid?

[-] [email protected] 28 points 10 months ago

"Right now we have a ‘Goldilocks’ economy,” said Gene Goldman, chief investment officer at Cetera Financial Group in El Segundo, California.

This is the kind of shit you expect to see in an over the top parody of capitalism. Fucking Mr. Goldman the investment "officer" (I guess they thought it would sound bad if they called him a banker) is telling you that the struggling economy is actually perfect.

[-] [email protected] 5 points 10 months ago

If you have a little dialectics rather than dumb Econ shit you know that everything is in a “Goldilocks zone” between existence and nonexistence. If anything was different what is real wouldn’t exist. The economy is a mess of contradictions and it is in a tight balance that just means it’s still there however terrible.

[-] [email protected] 28 points 10 months ago

Whom are you gonna believe, CNBC or your lying eyes?

[-] [email protected] 10 points 10 months ago

lemmy.world:

[-] [email protected] 27 points 10 months ago

They won't use that word until bodies will be raining on Wall Street again.

[-] [email protected] 9 points 10 months ago* (last edited 10 months ago)

The bodies raining on Wall Street was a myth from popular culture that never happened.

Only three people committed suicide that week in the financial sector. One was an overworked and over stressed low level accountant, the second a German tourist, and the third a small business owner who lost his business in the crash. No financial analysts, stock brokers, or rich people killed themselves.

[-] [email protected] 24 points 10 months ago

I think 1$ is worth 1$ but somehow that's not true either, but it's not because corporations are greedy and raise their prices endlessly, it's just how money gravity works!

[-] [email protected] 21 points 10 months ago

"It's not a recession! (We're just fucking you over harder)"

[-] [email protected] 19 points 10 months ago

"it's not a recession... For us"

[-] [email protected] 10 points 10 months ago

"It's one big club and we ain't in it."

[-] [email protected] 19 points 10 months ago

There's idealism and then there's idealism.

[-] [email protected] 12 points 10 months ago* (last edited 10 months ago)

The inflation is ahcktually 4 percent honey

[-] [email protected] 8 points 10 months ago

So at least 41% of Americans are worse off than clinically braindead, huh. Not surprising...

[-] [email protected] 3 points 10 months ago

Only 40% or 31%.

Let's not pretend the 1% or 10% cares about the average person.

this post was submitted on 13 Aug 2024
86 points (98.9% liked)

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