Economy is Fake and Gay

[Anonymous No.55162095]

Hey, remember a while ago when we were bombarded with all those headlines about job growth and wage growth and how amazing everything was? Yeah, turns out none of that was true and the numbers have been revised to show that every single measurable thing has gotten worse.

[Anonymous No.55162115]

>>55162095
So does this mean they’re gonna crash everything to the floor?

[Anonymous No.55162128]

>>55162095
When this article was written they were arguing that a 4% increase in wages was contributing to inflation. It turns out at the time this was written wage growth was actually negative 4%. So what's contributing to inflation then...?

[Anonymous No.55162150]

>>55162095
Not surprising when inflation is high, it takes time for wages to catch up with price hikes. Looks like they were a too optimistic on how close wages were behind inflation but once inflation returns to normal they will catch up. This is a nothingburger

[Anonymous No.55162163]

>>55162128
Most of the inflation came from supply crunches

[Anonymous No.55162230]

>>55162150
>>55162163
>assert wage growth is causing inflation
>claim the only way we can fix this is by importing cheap laborers
>turns out wages didn't grow, they shrank
>we get the turd worlders anyway
>also we keep getting inflation
>heh, sorry, nothin' personelle kid

[Anonymous No.55162245]

>>55162128
Money printing that circulates around the top is what always has caused inflation. Anything else to suggest otherwise is gaslighting. Boycott society.

[Anonymous No.55162255]

>>55162230
Wages did grow they just didn't grow at the same pace of inflation

[Anonymous No.55162336]

>>55162150
>once inflation returns to normal they will catch up.
that's not how inflation works, dipshit.

[Anonymous No.55162435]

There is a massive re organization of society under way.
What wages people can expect to.
The quality of life.
The living conditions.
Immigration.

[Anonymous No.55162444]

>>55162095
>>55162128
>>55162163
Is this "real inflation" or is it just company's still making record breaking profits?
Either way ths COVID HOAX doomed this economy
Thank a Democrat

[Anonymous No.55162450]

>>55162336
Read monetarism

[Anonymous No.55162454]

>>55162444
your post started off based then degenerated into an 85 IQ mental retard /pol/ shitpost.
>MUH HECKIN DEMONRATS
yes goy vote for the other jew next time, that will surely fix everything. MIGA 2024!

[Anonymous No.55162456]

>>55162444
Check out profit margins and see if they have shrunk or grown on average

[Anonymous No.55162469]

>>55162450
>already demonstrated a low IQ by misunderstanding what it means for inflation to go down
>unable to summarize and communicate the central thesis of a book, instead says "read it"
don't have the time, and it's obvious that you're too stupid to understand the book is saying let alone spot any potential holes in the logic within -- so why should i listen to you?

[Anonymous No.55162489]

>>55162469
If inflation remains stable then eventually prices across the board will stabilize. It doesn't matter if the inflation is 2%, 4%, or 50%, if the rate is fixed then everything will fall in line. Obviously high inflation is bad though so we won't see stabilization until the fed reaches what it believes is an acceptable rate.

[Anonymous No.55162570]

>>55162163
The inflation came when they printed themselves six trillion dollars moron.

[Anonymous No.55162582]

>>55162489
yes, i know what it means for "inflation to subside." you argued that once inflation subsides, wages would make up for any inflation. that's not how inflation works.
>Looks like they were a too optimistic on how close wages were behind inflation but once inflation returns to normal they will catch up.

[Anonymous No.55162720]

>>55162570
>print 6 gorillion dollars when the economy is shutdown to keep demand from completely plummeting even with supply having dropped substantially across the board
>shutdown ends and demand skyrockets while supply still hasn't returned to normal, resulting in inflation

>>55162582
Wages always lag behind inflation but the distance between the two is affected by how stable the rate of inflation is. If inflation was 2% for years then companies will get used to raising wages at that rate even though CPI this last few years has been quite different. It takes time for the labor market to force companies to reflect CPI, can take up to a few years so expect wage increases to be higher than inflation in the next couple years as they finally start to adjust to high inflation we've had this past 2 years

[Anonymous No.55162887]

>>55162720
So you admit it was the printed money but don't like it framed that way?
Are you jewish perchance?

We needed "demand" down during those times, why? BECAUSE NO ONE WAS WORKING.

[Anonymous No.55162923]

>>55162255
See
>>55162095

[Anonymous No.55164322]

>>55162887
nobody was working because we had a pandemic retard

[Anonymous No.55164723]

>>55164322
Thank you for your contributions to this thread, truly remarkable observations you have made

[Anonymous No.55164743]

>>55164322
So when you are out of work you increase spending and consumption?
Or should you save and wait it out conservatively?
>inb4 hurrdurr i'm a fucking retard and it doesn't apply to the economy as a whole
Yes. It does.

[Anonymous No.55164816]

>>55162128
>4% increase in wages was contributing to inflation.
>wage growth was actually -4%.
>So what's contributing to inflation then...?
it's not necessarily incorrect, despite the wage growth revision.
perhaps even with a -4% wage growth, salaries are still high enough to drive inflation.
e.g. maybe 4 years ago someone gets paid 50k, was making 65k, and now is making 62k.
that would still be much higher then 50k despite negative wage growth.

[Anonymous No.55164827]

>>55162095
Nothing will happen, you know why? Consumerism is America's god and the powers that be want to keep stoking the flame that powers that engine with mass 3rd world migration. The first step is to create a form that molds the shapeless noosphere that inhabits North America and cultivate true 21st century thought.

[Anonymous No.55164854]

Hmm, I wonder why these numbers never get published. Still, you gotta admit the job market is surprisingly very strong, even with that data.
The average american will do everything is his path to keep consooming, even if that means getting a second job or working longer hours.
Incredibly bullish.
It is incredibly perplexing however that they can just revise down these figures by so much. Is the data manipulated so they can pump the markets... and then they quietly revise it in the shadows so no-body notices?
Bureaucrats are the single most repulsive cancer on this planet and that goes without debate but come on, isn't this crap a bit too obvious? It's like when they somehow revised job numbers by a MILLION. Where did this number come from? Did they fuckin miss it?

[Anonymous No.55164879]

>>55164322
>had
We still do. Pandemics end when we stop caring. Spanish flu pandemic is still ongoing.

[Anonymous No.55164981]

>>55164854
The job market is terrible anon, I haven't gotten a single interview in 5 months, with a decade of experience and a good resume.

[Anonymous No.55165009]

>>55164854
it honestly is, all the jobs are retail or insurance claims.

[Anonymous No.55165157]

>>55162115
productivity will sink like a fucking rock to match wages

[Anonymous No.55165355]

Ameribros...

[Anonymous No.55165362]

>>55164854
government numbers are all fake, anon. they aren’t limited in any way by reality. they are only somewhat limited by perceived credibility. so they can’t just make up a number out of thin air, but they can (and do) regularly change how they measure the number in order to ensure they get the best possible result.

[Anonymous No.55165391]

>>55165355
That's as bullish a chart as I've seen. Moving back into actually producing and building things is an obvious good sign.
Need this to 10x on all numbers.

[Anonymous No.55165421]

>>55165157
Nah. People are dumb and this greedflation is exploiting that to the fullest. Just give people a wage increase of 3% and watch them being oh so happy. Pathetic but that's how it is
They don't even have to repay their loans. Jesus christ this pandemic really spoiled people. No wonder the markets are still giga pumping. Consooom + massive injection of money + easily exploitable masses

[Anonymous No.55165440]

>>55162435
It's fine because every underage fag on /biz/ will just claim they're making 100k and you should git gud.

[Anonymous No.55165447]

>>55162454
>>55162469
>>55162582
Kill yourself.

[Anonymous No.55165504]

>>55165355
"Low-paying" my big juice azz. I don't really know how it is in the US but here in europoor those "low-paying" jobs pay really damn well, easily outperforming engineers and the like. Especially if you do services for boomers since they pay like crazy.
It's like I thought though. Leisure and Hospitality going through the roof. The service inflation is gonna be insane this summer, which is of course quite bullish.
Construction is a weird one. For example here in europoor, property construction has fallen quite severely. Not much is being built... so I wonder where they are getting these jobs from? Or are zoomies finally going to trades because they realized how overpaid trades are?
Oh well, I agree with the anon above me in that it looks quite bullish, at least in the short-term.
We can pretend AI is replacing and effectivizing the "high-paying" industry (bullish) while the "low-paying" industry keeps growing (bullish). All in all, very bullish

[Anonymous No.55165530]

>>55165391
>Manufacturing
>-48,000

[Anonymous No.55165538]

>>55162444
The economy was killed long before covid.

[Anonymous No.55165551]

>>55162163
>borrow 10 trillion dollars
>everyone has more money
>everyone buys more stuff
>AAA PRICES WENT UP

[Anonymous No.55165597]

>>55165530
That's not real manufacturing.
It's fake "made in the USA" scam manufacturing. May as well let chinks do all the assembly and us dig out some oil.
Absolutely no reason to ship everything over here and then have someone put a filter in a plastic cover so it can be "made in America".

This is what a large "manufacturing" company near me does. Employees 100s doing this. It's actually a retarded middle man step that adds no value.

[Anonymous No.55165843]

>>55162720
This is the most reddit shit I seen in my life

[Anonymous No.55166015]

Is there any country which is politically shifting to the left? Seems like every country is voting for more right-wing politics.

[Anonymous No.55166279]

>>55165597
t. retard

[Anonymous No.55166323]

>>55164322
I worked thru it without stopping, never vaccinated, never tested, never gave a fuck. Fuck the FED. Fuck the jews. Fuck the niggers and spics. Sneed.

[Anonymous No.55166439]

>>55166015
every western democracy

[Anonymous No.55166460]

>>55166015
Many countries are moving to the left among the populace, but there's a hefty right-leaning minority supported by existing institutions.

[Anonymous No.55166521]

>>55162163

Please stop using the word inflation like this. The redefining away from referring to the money supply only serves to obscufate the conversation.

[Anonymous No.55166546]

>>55162095
>>55162115
Fucking brutal

[Anonymous No.55166578]

>>55162095
Joe Biden wins. You lose. Accept it. KNEEL.

[Anonymous No.55166583]

No surprise, they've been lying about the recession numbers for around 2 years now, we've been in a recession, beginning stages of depression now.

Fucking disgusting the amount of lies they are allowed to spew at us.

[Anonymous No.55166615]

>we were bombarded with all those headlines
Not me.
I installed a [redacted] which repels all headlines.

[Anonymous No.55166708]

>>55166015
All of them that have been infected with jews.

[Anonymous No.55166769]

>>55166015
>dude my jew oped left-right paradigm
Both sides hate you and serve schizophrenic goblin lunatics who want you genocided.

[Anonymous No.55166793]

>>55162115
Nope. Debt ceiling raised. Nothing changes. You’ll always be poor, and no matter how hard you work, they’ll just keep printing more money to make every dollar that you do earn worth less and less.

[Anonymous No.55166962]

>>55166793
they can’t print more btc, anon.

[Anonymous No.55166980]

>>55166962
Let me know when I can pay for groceries with bitcoin then I’ll take crypto seriously.

[Anonymous No.55167026]

>>55166980
if your grocery store accepts visa then they accept btc. there have been bitcoin credit cards since the mid-2010s.

[Anonymous No.55167049]

>>55166980
>Let me know when I can pay for groceries with commodities/gold/silver/stocks/real estate then I’ll take commodities/gold/silver/stocks/real estate seriously.

yeah

[Anonymous No.55167734]

>>55164854
>Where did this number come from? Did they fuckin miss it?
short answer they guess the number by doing a voluntary asking round on randoms companies
in recent years the reply rate on this survey has fallen from 70 to less than 30%
normal real researchers would not the massive increase in uncertainty in their dataset
.gov buros just decided to make up the missing numbers in the manner that best serves their career advancement in the current admin

yes they all should be whipped in public for this

[Anonymous No.55167994]

>>55162095
And none of you will do a thing about it so just shut up and take it like a good little shabbos goy

[Anonymous No.55168111]

>>55162095
Source for this?

[Anonymous No.55168332]

>>55162115
Yes, who the fuck is going to be buying dumb shit when they can't afford food?

[Anonymous No.55168487]

>>55165597
Holyshit youre dumb go perm your hair you zoomer faggot

[Anonymous No.55168511]

>>55167049
Thats kinda neat idea pay for your hungry man dinners with gme stock. Why cant grocery stores utilize brokers a pos?

[Anonymous No.55170667]

>>55165391
are you literate

[Anonymous No.55170679]

>>55168332
People are buying like crazy. What are you talking about with retail prices coming down again

[Anonymous No.55170752]

>>55162255
They didn't, that's wgat the revision revealed.

[Anonymous No.55170812]

>>55170752
Are you afraid?

[Anonymous No.55172923]

>>55162150
>once inflation returns to normal
What is "normal" inflation? The dollar has essentially never regained value, ever.

[Anonymous No.55173074]

>>55172923
>What is "normal" inflation?
The one which the goys don't notice.

[Anonymous No.55174194]

>>55162095
This was done to lower assets like crypto
Everytime jobs showed strenght it dumped on the fed narrative
But apparently it was all fake and pivot is imminent

[Anonymous No.55174201]

>>55167994
*joins Wagner

[Anonymous No.55174418]

>>55162095
The data is trash and even worse is how the market takes up the data. Nothing matters anymore, everything is bullish. The only thing that matters is what Fedfags say and not what they claim to do "Data dependent". If they were data dependent they would have raised 50 bps in march but they pussied out because of bank failures and THAT was the moment the market knew the Fed is a bitch.

Since you talk about data here a question from me on /smg :

Hey guys, I'm currently reading this bullshit:

https://fiscaldata.treasury.gov/datasets/daily-treasury-statement/operating-cash-balance

There are reports and I'm trying to figure out what all that means, since I'm no US citizen (EU).

There is this part in Table IIIA Public Debt Transactions. On the left side under "issues". (sorry it's not easy to copypaste that) My question is simple: The numbers after "Fiscal year to date" mean the money that was acquired through these debt transactions. The highest number BY FAR is with Bills. Does this mean that most of the debt the US has is in Bills or let's say it in another form: Are most people/investors buying bills instead of notes or even bonds?

Marketable:
Bills:
Regular Series Fiscal Year to date: 9,395,649 $
Cash Management Series
Fiscal year to date 673,004 $
Notes Fiscal Year to date: 2,011,626$
Bonds Fiscal Year to date: 300,400 $

Thanks!

[Anonymous No.55174455]

>>55162128
Central banking mostly

[Anonymous No.55174483]

>>55164854
What is strong about it? A small minority of high income 9.9% earners spend and spend and spend, and the small minority of government handout recipients spend and spend and spend, and nobody else spends shit, has a decent job, or even a job at all. What is “strong” about that?

[Anonymous No.55174508]

>>55165504
With the exception of oil and gas, which in truth much of which is actually low paying on a cost per hour basis but not nominal basis, they are low paying jobs in America. They’re full of immigrants.

[Anonymous No.55174522]

>>55166460
On what planet do you see institutions supporting a right wing? How delusional can you be?

[Anonymous No.55174531]

>>55167994
The thing about the Faustian bargain is that there’s nothing you can do about it. You can slide further into the deal with the devil or you can pay his ransom now, but you lose either way.

[Anonymous No.55175817]

>>55162095
It's a Ponzi scheme.

You really expect the people running it to tell you the truth about anything?

[Anonymous No.55177103]

>>55165355
america can always recover because it is the richest country in resources and geography, generally

I'm not worried about america at all, temporarily jew world order will move their schemes around but long term it is meaningless

[Anonymous No.55177885]

>>55165355
The time of the barkeepers has come.

[Anonymous No.55177895]

>>55177885
Wait, sorry, barkeeper is the term in germany. Anglos actually call it bartender, I think. It's so silly that in germany we have an english sounding word for a profession/job that isn't the one the englis themselves use.