14
submitted 7 months ago by [email protected] to c/[email protected]
top 11 comments
sorted by: hot top controversial new old
[-] [email protected] 21 points 7 months ago* (last edited 7 months ago)

thank god. my precious economy is doing okay.

sure wish i could afford groceries though...

[-] [email protected] 17 points 7 months ago
[-] [email protected] 17 points 7 months ago* (last edited 7 months ago)

^ posting is praxis folks, I swung a Republican to Democrat just like that

[-] [email protected] 16 points 7 months ago

Wow, so everyone will see the benefits of a "strong economy"?anakin-padme-2

Everyone is doing better, rightanakin-padme-4

[-] [email protected] 5 points 7 months ago

A rising tide drowns everyone on the ground floor.

[-] [email protected] 10 points 7 months ago

See sweaty this GDP growth is phenominal and it won't trickle down onto your wee cute lil head if you vote for the cheeto man. The GDP only tinkles in your tiny adorable mouf hole if you vote for Biden. So please vote

[-] [email protected] 8 points 7 months ago

This is what happens when shit like rent (and fake rent that homeowners "pay" themselves) is included in the GDP and rent skyrockets.

[-] [email protected] 7 points 7 months ago

Consumption was facilitated by rising wages, higher interest and dividend income, which more than offset a decline in government social benefits, including food stamps and Medicaid.

Spending was also supported by households drawing on savings as well as subsiding inflation. But amid rising anecdotal evidence of consumer distress because of higher borrowing costs, spending is likely to slow in the coming quarters. Government money to households is also expected to decline further.

I don't understand why "bidenomics" isn't more popular? Hasn't the trickling down started yet?

[-] [email protected] 6 points 7 months ago

How much of this GDP "growth" was just manufacturers price-gouging?

[-] [email protected] 5 points 7 months ago

HEARTWARMING: The tent cities in my area have grown over 300%! Hooray for community!

[-] [email protected] 4 points 7 months ago

This is the same thing that Krugman has been ranting and raving about for a while, which is that consumer spending is on the rise, which must mean that the economy is doing great. Seemingly not bothering to answer the obvious question "what are people spending money on" and since GDP only measures whether people are spending money or not, and people being gouged on rent, food, clothing, utilities, and other famous luxuries, GDP is going up.

this post was submitted on 25 Jan 2024
14 points (100.0% liked)

news

23090 readers
238 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS