Wanted to post this because, yeah: out of control private debt, out of control public debt, and increasing unemployment is NOT a good thing when combined with "Job Creation".
It means that people are significantly worse off, but are now moving to two jobs. Meanwhile, are we actually seeing the labor force participation rate STILL has not returned to where it was before Covid
The MSM are playing this off as a political spin to re-enforce the regime, and make it sound like things are going well. Local Economic Terrorist Group, Goldman Sachs, are literally trying to say that the economy isn't anywhere near a recession (the one it's currently in). Even he admits that the job gain is from a loss of self-employment. That's right, jobs increased because people had to get a corporate job because their personal business failed.
Basically, what they are trying to say is that they are making the general population more and more dependent on corporate and oligarchic control, so that they will not have time to dissent when they are being fucked in the ass.
Meanwhile, I can tell you that things have not improved much in the way of everyone's economic life in the real world.
I think I'm registered Libertarian, so I don't think I can vote in the Rep primary. They don't have anyone that I would absolutely support economically, both Trump and DeSantis have a protectionist streak which I don't support too a degree (there's valid arguments about Communist market manipulation making protectionism necessary, but both want more than that). Honestly, Trump's "freedom cities" schpeel actually sounds like he's taking a page from Thatcher to create Free Economic Zones. I don't agree with that (because you don't make specific places de-regulated, you do it everywhere so you don't parasitize the economy to them). But, making such a place would depopulate democratic cities and not make everything a pure rural/urban divide. I think Trump's economic policies make more sense, and he's likely to hit the government pretty hard, which should help alleviate the burden.
But, as I've said before, my vote would actually be for Larry Elder. He'd seriously do some damage.
I will say though: I wonder how much of this is becoming regional issues. Because obviously all of those stats do exist, I am not denying that. But at least locally for me, everywhere is hiring like crazy (with hiring bonuses and higher wages flying everywhere). There are still a lot of locally owned small businesses being founded. And while I am not going to pretend its all hunky-dorey, it is certainly not as bad as the stats claim they are. And it applies when I go throughout my local region.
So the only conclusion I can come to is that there are places like out here on the Great Plains that are actually still doing well in spite of everything, but that must mean the situations in places like New York and California (who are under direct "enemy" control) is even worse than you can imagine. With some of the stories I have heard coming out of LA and NYC, it probably is.
I'll admit to being completely shocked when I got three job offers in a week right after moving to Florida. That has never happened in the Northwest my entire life.
I got hired in a machine shop with virtually no experience (I didnt know how to use any tool more complex than a wrench and hammer), because they were that desperate for work. Meanwhile, I look at places like NYC and see everywhere closing and double digit unemployment rates.
The system is indeed broken. Just not in the way the Left thinks it is.
Certainly there's a regional effect to all of these. Some places are going to be significantly worse. Around me, there's basically stagnation, but some prices are coming down from their previous highs like food stuffs and gasoline.
It is likely that some places, as you said, are attempting to insulate themselves from the overall market, and as such are being spared some consequences. Other places that are voluntarily locking themselves into the system, might be doing far worse.
Reminds me of when they claimed they were raising social benefits by historic amounts this past year when it was a COLA and meant things were going to hell economically and spending out of control.
Precisely: Use the signals of your complete failure as evidence of your unparalleled success. Then when everything goes to shit, blame: dissidents, intentional sabotage, and claim that no one could have seen it coming.
I remember that some of the risk analysts for some of the investment banks were once being grilled in congress about the likelihood of the market crashing in 2008. They were quoted as saying that the chance of a market sell-off was a sixty-four standard deviation chance.
Someone pointed out that the Earth spontaneously imploding into a black hole with seemingly no explanation on that day was only 32 standard deviations. But no "line go down" was simply an impossibility.
It's becoming increasingly clear that the only things propping up the US stock market are tech (see: the AI mania) and financial derivatives (i.e. paper bullshit).
Regarding the latter, OPEC is tired of being squeezed between Russia's dirt-cheap oil and the US's currency manipulation and (naked) shorting. We're in for one HELL of a ride should OPEC decide to embargo the West and all those shorts need to be covered.
Wanted to post this because, yeah: out of control private debt, out of control public debt, and increasing unemployment is NOT a good thing when combined with "Job Creation".
It means that people are significantly worse off, but are now moving to two jobs. Meanwhile, are we actually seeing the labor force participation rate STILL has not returned to where it was before Covid
The MSM are playing this off as a political spin to re-enforce the regime, and make it sound like things are going well. Local Economic Terrorist Group, Goldman Sachs, are literally trying to say that the economy isn't anywhere near a recession (the one it's currently in). Even he admits that the job gain is from a loss of self-employment. That's right, jobs increased because people had to get a corporate job because their personal business failed.
Basically, what they are trying to say is that they are making the general population more and more dependent on corporate and oligarchic control, so that they will not have time to dissent when they are being fucked in the ass.
Meanwhile, I can tell you that things have not improved much in the way of everyone's economic life in the real world.
Who are you going for in the primary? Especially from an economic standpoint
I think I'm registered Libertarian, so I don't think I can vote in the Rep primary. They don't have anyone that I would absolutely support economically, both Trump and DeSantis have a protectionist streak which I don't support too a degree (there's valid arguments about Communist market manipulation making protectionism necessary, but both want more than that). Honestly, Trump's "freedom cities" schpeel actually sounds like he's taking a page from Thatcher to create Free Economic Zones. I don't agree with that (because you don't make specific places de-regulated, you do it everywhere so you don't parasitize the economy to them). But, making such a place would depopulate democratic cities and not make everything a pure rural/urban divide. I think Trump's economic policies make more sense, and he's likely to hit the government pretty hard, which should help alleviate the burden.
But, as I've said before, my vote would actually be for Larry Elder. He'd seriously do some damage.
Yea I’m hoping Elder can gain some momentum
Like I said, if BLM starts rioting, I want him on that debate stage no matter what.
Yeah they are lying through their teeth just to protect Biden.
Probably one of the worst examples of misinformation provided by the Government in years, far worse than anything under Trump.
It's about even to when Obama 'fixed' the economy for 8 years.
They've had a lot in recent years.
I'd still say one of the worst is the Gov of New York claiming there wasn't a spike in crime in NYC.
I will say though: I wonder how much of this is becoming regional issues. Because obviously all of those stats do exist, I am not denying that. But at least locally for me, everywhere is hiring like crazy (with hiring bonuses and higher wages flying everywhere). There are still a lot of locally owned small businesses being founded. And while I am not going to pretend its all hunky-dorey, it is certainly not as bad as the stats claim they are. And it applies when I go throughout my local region.
So the only conclusion I can come to is that there are places like out here on the Great Plains that are actually still doing well in spite of everything, but that must mean the situations in places like New York and California (who are under direct "enemy" control) is even worse than you can imagine. With some of the stories I have heard coming out of LA and NYC, it probably is.
I'll admit to being completely shocked when I got three job offers in a week right after moving to Florida. That has never happened in the Northwest my entire life.
I got hired in a machine shop with virtually no experience (I didnt know how to use any tool more complex than a wrench and hammer), because they were that desperate for work. Meanwhile, I look at places like NYC and see everywhere closing and double digit unemployment rates.
The system is indeed broken. Just not in the way the Left thinks it is.
Very true.
Certainly there's a regional effect to all of these. Some places are going to be significantly worse. Around me, there's basically stagnation, but some prices are coming down from their previous highs like food stuffs and gasoline.
It is likely that some places, as you said, are attempting to insulate themselves from the overall market, and as such are being spared some consequences. Other places that are voluntarily locking themselves into the system, might be doing far worse.
Reminds me of when they claimed they were raising social benefits by historic amounts this past year when it was a COLA and meant things were going to hell economically and spending out of control.
Precisely: Use the signals of your complete failure as evidence of your unparalleled success. Then when everything goes to shit, blame: dissidents, intentional sabotage, and claim that no one could have seen it coming.
I remember that some of the risk analysts for some of the investment banks were once being grilled in congress about the likelihood of the market crashing in 2008. They were quoted as saying that the chance of a market sell-off was a sixty-four standard deviation chance.
Someone pointed out that the Earth spontaneously imploding into a black hole with seemingly no explanation on that day was only 32 standard deviations. But no "line go down" was simply an impossibility.
It's becoming increasingly clear that the only things propping up the US stock market are tech (see: the AI mania) and financial derivatives (i.e. paper bullshit).
Regarding the latter, OPEC is tired of being squeezed between Russia's dirt-cheap oil and the US's currency manipulation and (naked) shorting. We're in for one HELL of a ride should OPEC decide to embargo the West and all those shorts need to be covered.
Nvidia is now a trillion dollar company because of AI.
We'll see if Nvidia can hold on to that valuation, or if it's just Jensen bullshitting us. Again.