Congratulations to the Dow hitting 40,0000
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Inflation also inherently makes the rich richer and everyone else poorer.
Just have the government destroy the currency and your competition at everyone else's expense. Does sound like the new Dem platform. I support huskybuck saying it out loud.
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Rich always get richer. This isn't new. Trump said in 08 that he could clean up on the housing market after the crash
Which became Trump crashed the housing market so he could get rich off the misery of others
Now we are back its a GOOD thing for the rich to get richer off the misery of others
Same shit different day
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record number of people with a full time and part time jobs. Personal savings plummeting on a monthly basis and credit card debt at record high. buy now pay later programs its estimated 43% of people are behind on payments.
Premera blue cross is blaming inflation on not being able to renew contracts with multi care. But inflation is fake and isn’t happening.
I love the argument that inflation is global 😂😂. Who is the brain trust that ruined keystone pipeline project along with demonizing drilling for oil? -
No one can read the following facts and say this is a good economy. No one but brain dead rats who evidently like to kiss his hairy balls.
The dark reality of Bidenomics is 19.2% inflation under the President’s watch, which is 5.9% annually. When he took office, inflation was at just 1.4%. Since March 2021, it has stayed above the Federal Reserve's 2% target (38 consecutive months.).
Under Biden, the federal debt has increased by $6.9 trillion. The Federal Reserve printed money out of nothing to finance his spending spree. The increased money supply without a corresponding increase in goods and services reduced the value of each dollar, causing prices to rise quickly and leading to high inflation, effectively acting as a hidden tax on everyone.
Prices have increased by 19.2%, while real wages have declined by 2.6%. Average hourly earnings for all employees dropped 2.6% to $11.09 in April 2024 from $11.39 in January 2021 when Biden took office.
According to Mark Zandi, the chief economist at Moody's Analytics, the typical U.S. household now requires $1,069 more each month (equivalent to $12,828 annually) compared to three years ago, $784 more per month compared to two years ago, and an additional $227 per month compared to last year.
As a result, credit card debt and delinquencies are surging amid high interest rates. According to TransUnion data published on Thursday, the average credit card debt of an American borrower ballooned to $6,218 in Q1 2024, an 8.5% rise from the previous year. This collectively increased total debt to $1.02 trillion as the credit card delinquency rate, defined as 90 or more days late, climbed to 8.9%, the highest since 2012. The average credit card APR hit a record 20.72%.
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but I work for Amazon! I’m rich!!!!
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The stalk market and the middle class American's welfare have been disconnected for at least 30 years. Even people making $160,000 per year are feeling it. Cuck boy is rich at 29 and has schooled all Tuggers on everything. Just ask him/her/it.
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”Half of the office space in major US Cities will be empty 4 years from now but look at the stock market!”
JFC -
Yeah, my net worth went up mostly because my house value doubled. Now my real estate taxes and insurance cost double. Couple that with how the price of everything else has skyrocketed, and my standard of living has taken quite a hit.
