Nah, the economy is fine, just like the planet. The people are fucked! Just like George Carlin used to say.
this post was submitted on 02 Aug 2024
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A Boring Dystopia
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I have a feeling that they announced the rate cut because of early access to the data showing that everything was finally cracking under the pressure and Powell was hoping to spike up the stock market with wild abandonment partying before the jobs data and recession flags would become public knowledge.
It's definitely just a game for getting rich people to be playing with their money and it's so tiring to be ignored for only their sake.
In the past 4 years my salary grew at about 3-5% while inflation grew at a much higher rate. I don't even buy eggs anymore.
As usual they measure the wrong sectors for these pronouncements
With the most recent employment numbers, things are about to get worse
oh boy, gini is up
GDP has to be the worst way to financially review a country.