/biz/ - Business & Finance

>>57442889
most people I talk to think the economy is fine

More government jobs
More part-time jobs
Everything is great.
Bless America!

>>57442897
>More government jobs
Not necessarily bad

>>57442889
Trump vs Biden
We’re fucked either way

>>57442889
If we repeat it enough we attract it and make it reality!!!

That is also how Ukraine Won the war.

>>57442900
>here's how parasites are a good thing!

Normies are not happy about the economy

>>57442893
Most people don't even know what a stock is

>>57442963
The funny part of that is the retired boomers being the most optimistic despite political bias against saying so thats how fucking dellusional they are

>>57442893

What's wrong with the economy?

>>57442967
Yes but they're still optimistic about the economy, they have jobs, they're spending, they're borrowing,...

>>57442889
this rally while people are getting laid off en masses is market makers closing short positions retards

>>57442963
>1/3 of boomers think the economy is good
It's not just memes, they really are selfish and repugnant pieces of shit
>What do you mean "the economy is poor"? The house I bought in 1965 in highschool delivering newpapers is worth $2.7M now. Of course the economy is great! I got mine!
>y'all just need to join the military and toughen up!
>fight them terrorists who threaten our greatest ally, Israel, and y'all will grow a pair!

>>57443032

Who is getting laid off?

>>57443043
>>57442963

Now take a poll organized by Body Mass Index percentages.

Normies are priced out of mayonnaise. Exit all markets

>Congress running a 2 trillion dollar deficit
>Credit card debt at 1.3 trillion
>Auto loans nearing 2 trillion dollars

The entire economy is being greased by massive spending with no care about the future. Also allowing 8 million illegals into the country helped prop our GDP up

Why won't normies trust the economic science? Why do they believe their lying eyes

>>57443237
debt-to-gdp rose massively during Trump and has been decreasing during Biden

>>57443244
Everything is improving if you don't focus on regular people having full-time non-government jobs and being able to afford food and housing

>>57442893
Hi FBI

>>57443032
The layoffs already happened in 2023

>>57443301
>decreasing during Biden

It only went down in one year then skyrocketed the next. We ran a 1.6 trillion dollar deficit last year during a time of supposed economy prosperity. For some context in 2009 the deficit was 1.8 trillion which was basically the govt trying to stop the entire financial system from collapsing.

>>57443358
>wowow GDP is mooning
>economy is doing great
>checks fed deficit and ballooning debt

>>57442889
4.9% GDP growth

What sectors exactly are doing good? I'm in tech and we're in a straight recession right now. I know housing is frosty as well. Who exactly is doing well?

>>57442910
Just manifest it bro!

>>57442889
>$2.50 for a cherry coke
is fucked out here boys

>>57442889
It's working great for the wealthy and the corporations. Everyone else is getting fucked. Says everything about what the "economy" truly is.

>>57443374
Kek we live in a timeline when biden has the lowest approval rating ever due to the economy while the government simultaneously claims we have the greatest economy ever. I live in clown world so this is normal but normies are getting mind broken and there is an explosion in mental heath services. Long online mental health.

>>57443244
I fucking hate economists bros.

>>57443578

Prophets of the Merchant Religion at this point

>>57442903
>Trump vs Biden
>We’re fucked either way
Yep. Biden wins and he'll continue dismantling US industry and labor to appease his (((globalist))) masters.
Trump wins and he will run up the deficit because all he cares about is being loved by the public (read: niggers)
Either way the country is done fiscally speaking.

>>57443244
>Economists are worried about GDP go up/down
>Everybody else is worried about the price of food, housing, fuel and the ability to function
Fucking bugpeople

>>57442889
Then why is everyone getting fired?

I can't find a job, no one will hire me.

>>57442889
>Bidenomics is working

Then how come I work 40 hours a week amd can't afford to rent a studio apartment within an hour of my job?

The people I know with high tier jobs are all doing well. My poor friends are btfo

Anyone have the pasta about the anon who stepped into a working class bar and all the blue collar guys started saying “you know old Joe is ok by me he’s got my vote next year”

>>57442889
>>57443244
Really does go to show just how detached "experts" are from reality. It's got little to do with Trump vs Biden, people care more about paying rent and affording a vacation.

We had 4 years of Trump and the only thing anyone remembers is him trying to overthrow the result of the last election. Tells you a lot about his presidency.

>>57443394
Rich people and politicians, that's who.
They're doing so well they are skewing the graphs

>>57443952

That's the only thing r/politics wants anyone to remember. He's leading national polling right now by +3, which is crazy for a Republican since they never win the national popular vote. If he could run a paint by numbers campaign, keep his foot out of his mouth, and get the GOP vote machine to focus more on mail-in turnout then he can cruise to victory.

>>57443952
Sounds like the ideal government, doesn’t fuck things up

>>57443530
If this was 30 years earlier there would be an uprising, however now the government is tracking every online conversation and every purchase and will remain in power.
Hate to break it to you sweetie but this isn't a democracy

>>57442900
except if you look into the data more these "government" jobs being created aren't cushy office bureaucrat jobs for the most part. The vast majority is local public school teachers, because so many have quit and don't want to deal with mongrel kids and their shitty parents.
The rest is mostly road/park/building maintenance. As low on the payscale as it gets.
>>57443835
pretty much this, the K-shape recovery was not a meme.

>>57443043
this
>be me, out of work but has truck
>boomer woman i did work for prrviously wants me to move expensive and heavy fragile art piece
>sure, it will cost $300 for me, one more guy, truck, materials and the move
>ohh, too much, can you come down some on price
>mfw the art she paid for was over $3000 and she wants me to take the piece to her lakehouse, not her regular giant mansion

>>57443244
There is no longer a middle class and they say everything is fine.

>>57443973
yeah, you know, if they don't just fake a water main bust, send all the observers home, drag boxes out from under tables, and proceed to run the same all-dem ballots through the counters a dozen times. then yeah, he'd win handily

>>57442889
lol when gaslighting becomes funny how long are they gonna lie and pretend everythings great because biden is in charge for?

>>57444216

They wouldn't ever actually do that. Pick out a select few battleground states to undermine voting standards and make way for the opportunity to pump in just enough votes for their guy to cross the line overnight while everyone is sleeping and can't scrutinize it?

>>57443372
yeah but bro you forgot they can just hyperinflate the debt away the only people who lose are middle class red state maga chuds - white people in other words, who are the demon according to critical race theory. Everyone wins except nazis

>>57442889
>Trump's message of doom
Tell a Trump supporter that the housing market is fucked and they will change their tune on the economy immediately.

>>57443836
Glowniggers step up and post your pasta.

>>57442889
When your policy is good, they just call it economics
When it's shit, that's when you get a nameonomics
Think back to every guyonomics you remember. They were all garbage
>>57442974
People respond to what they personally experience. Most people are not looking at macro
>view brightens with age, education, proximity to cities, race etc
View brightens the further away from poverty and welfare you are

>>57444794

Lefty niggas move to the most intensely overpriced, overcrowded little corners of planet Earth, see $3k rent and rich men living in towers and proclaim

>CAPITALISM HAS FAILED!

If poors maxed out their 401K contributions instead of spending all their leftover cash on avocado toast, the newest iPhone, and funkopops they’d be reaping the rewards of this bullrun as well. They chose to not save or invest, spend all their disposable income instantly, and live paycheck to paycheck. Of course some price inflation kicks their ass, they chose to be unprepared.

>>57444833
>401k
Only FAGMAN stocks are up

>>57443394

I work in globohomo medtech and my company is dying.

>>57442900
Government pays their employees with stolen money.
Taxes are theft.

>>57444883
I work in government medtech as a consultant and the gravy train ain't stopping yet

>>57444926
wrong it pays them with printed money and then taxes people to reduce the inflation

Blacks are holding the US economy back. As soon as they realize that, 50% of tax programs get pumped back into productive sectors. Housing and available land increases. Problems with transportation, energy, healthcare, public safety mysteriously solve themselves

>>57442963
Are Democrats trying to lose on purpose? The answer is yes.

>>57442889
>Bidenomics is working
Normies never learn.

>>57445298
You're an embarrassment to yourself and the country.

>>57442889
I bought some steak this morning at the grocery store. bought some of the least expensive available, it was $19.47/per pound.
yeah that obidenomics is really working

>>57443172
Real talk though, why is mayo in particular so ungodly pricy these days? I'm seeing 5.89 for a squeeze bottle of mayo

hard to be grateful when everything is 2-3x the price that it was 5 years ago. you'd think if it "worked" shit wouldn't be as expensive

>>57442889
Can't tell if down syndrome or retarded. Both?

Btw A lot of people here struggle to understand what buying power is and don't actually track how it's been in a downtrend for decades. Not even taking into account higher competition/higher barrier to entries either (such as needing college degrees for jobs boomers only needed a highschool degree for). I'll just leave some pre algebra here:
1970 median home was $24.3k and median household income was $8730. Median sqft was ~1.5k. 24.3k/1.5k=$16.2 per sqft.
2023 median home is 440.3k with a median household income of $70784. Median sqft is ~2k. 440.3k/2k=$220.15 per sqft. 220.15/16.2= 13.6. $8730*13.6=$118,728 aka that's how much the household income needs to be to have a 1:1 equivalent buying power to people from 1970 (in the context of purching power for a home specifically not factoring in other expenses i.e. healthcare, etc.). Current household income is $70784 as stated above. To put this into better perspective, this means median household income would have to rise by 1.68x to have the same exact buying power. The median household income has to be $118,728 to have the same 1:1 buying power as those from 1970.

It's actually worse when you consider the average amount of incomes per household used to be one. Now it's 2 so really that 1.68x is closer to 3.36x increase in yearly salary needed across the board to match the same buying power and that's just measuring real estate. Other things have outpaced it. In other words the actual median household income should be $237,456. Not a measly 70k. That's if you want to retain the same 1:1 buying power boomers had.

/thread

Oh btw you support a human trafficker. 85k out of 350k unaccompanied children were trafficked under biden's watch. This was a few months ago so it's probably more now

>>57445513
They can't zoom out past a week. Normie retards are quite literally incapable of measuring inflation on a yearly scale. Pigeon brained basically

>>57442963
kek, Trump is going to be able to MIGA after all. Biden has fucked up so bad he's going to win

>>57442889
>Lets lie about the economy so we don't hand Trump a W
This is such a bad strategy and is going to radicalize the Poor further

>>57442963
So basically only White Liberal Boomers are happy with the economy

>>57446293

But only "happy" in a religious sense, since they know the "correct" answer in this case

>>57442889
Reminder that this was a dollar 5 years ago.

>>57442974
>generation that exit scammed everyone younger than them, never had to suffer consequences for their own idiocy and will die before shit really hits the fan is optimistic
You don't say

>>57446424
It's over

>>57442974
>boomers being the most optimistic despite political bias against saying so
this is why there hardly any efficacy to the government since its mostly boomer who hold influential public offices and are mentally hamstrung by this dissonance
>the economy is fine! housing isn't overpriced, you just aren't working hard enough!
>oh, biden's economy? its the worst! gas prices are up!

>>57446683
are they the only generation in history that had it worse than the ones before?
the last 5000 years of history?

>>57442903
>Trump vs Biden
>We’re fucked either way
everyone here in Portugal thinks that, i mean over 300 million people, is that the best 2 people America can bring forward to play the role of world leader? can you guys come up with someone a little younger and more fit for the job?

>>57442889
>>57442963
>>57446042
I am trying to buy a house, in a major east coast us city. was listed for 400k needing 200k of Reno/rehab(needs new roof, siding, windows, furnace, all floors, bathrooms,kitchen, etc) house was listed for 3 days, and I put a 610k offer and lost... someone offered likely 650-675k for a sold as is house that needs all new everything.

>fire everyone during covid
>hire them back afterward
>"record new jobs!"
liberal economics

>>57447557
We don't actually get to decide who runs, or even who wins. If you're familiar with Americans, you'll know that the older ones are oddly optimistic overall, while the younger are pessimistic to the extreme. Our entire financial system and currency itself has been on the verge of collapse for years. It's not going to end well.

It doesn't matter who's elected at this point. It's the fall of Rome now; most people don't realize it's happening while they're living through it and those that do are deemed crazy. Take note and prepare yourself for the domino effect our nation's mismanagement will have on your personal world.

>>57443952
I remember getting a 30% raise the day his tax cuts passed. My past raise was the first time since that moment where my raise was less than a dollar

>>57447557
Your country is a third world shithole, Trump is a good president and your media is corrupt and gay now shut the fuck up and keep importing brazilians.
>someone a little younger
Fuck off desantis shill.
>world leader
Fuck off.

>>57447526
Hey I saw that you were trying to defend boomers and I just wanted to say when DOTP happens you will go down with them.

>>57443952
I remember the economy being strong, bitches being hot and life being livable for a guy in his 20s.

>>57445526
N

>>57442893
most of the people are wrong all the time, that's how you get rich homo

/r/neoliberal says the economy is great.

>>57447985
>/r/neoliberal
holy shit was a cesspool
These people are just being ironic, right?