Current Events > The economy grew by 4.9% last quarter

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Forty_Niners 10/27/23 10:03:32 AM #51:	Justin2Krelian posted... 2020 kinda reset it, anyway If 2020 couldn't collapse our economy, nothing will. We saw a sharp dip for like a month, then a sharp uptick. --- Who cares if Bosa is racist? <cite>Forty_Niners posted [p:976886508] in The econom... [t:80603584]...</cite> <quote>Justin2Krelian posted... </cite><quote>2020 kinda reset it, anyway</quote>If 2020 couldn't collapse our economy, nothing will. We saw a sharp dip for like a month, then a sharp uptick. </quote> ... Copied to Clipboard!
1337toothbrush 10/27/23 10:07:26 AM #52:	R_Jackal posted... It's because companies figured out during COVID that people have no self control and will just continue to buy and spend even if they're broke as hell, so there's no reason to hold back on profiteering. Not quite. It's more like they had an excuse with "supply chain issues" and then vague notions of "inflation" combined with industries only having 2-3 big players that can easily all increase their prices without getting undercut. Even with unit sales number down, revenue is way up. Even if people practice "self control" others will purchase for one reason or another (e.g. their car gets totaled). It's why "voting with your wallet" isn't really effective. Just take a look at tuition revenues which are way up even though enrollments are significantly down: https://myelearningworld.com/college-enrollment-tuition-revenue-2023/ The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976886558] in The econom... [t:80603584]...</cite> <quote>R_Jackal posted... </cite><quote>It's because companies figured out during COVID that people have no self control and will just continue to buy and spend even if they're broke as hell, so there's no reason to hold back on profiteering.</quote>Not quite. It's more like they had an excuse with "supply chain issues" and then vague notions of "inflation" combined with industries only having 2-3 big players that can easily all increase their prices without getting undercut. Even with unit sales number down, revenue is way up. Even if people practice "self control" others will purchase for one reason or another (e.g. their car gets totaled). It's why "voting with your wallet" isn't really effective.Just take a look at tuition revenues which are way up even though enrollments are significantly down:https://myelearningworld.com/college-enrollment-tuition-revenue-2023/The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it. </quote> ... Copied to Clipboard!
emblem-man 10/27/23 10:08:23 AM #53:	1337toothbrush posted... The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it. Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:976886584] in The econom... [t:80603584]...</cite> <quote>1337toothbrush posted... </cite><quote>The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it.</quote>Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu </quote> ... Copied to Clipboard!
Luteo 10/27/23 10:09:57 AM #54:	Its always up to the Democrats to fix the economy every time Republicans fuck it up --- Bitcoin! <cite>Luteo posted [p:976886610] in The econom... [t:80603584]...</cite> <quote>Its always up to the Democrats to fix the economy every time Republicans fuck it up </quote> ... Copied to Clipboard!
rynobot 10/27/23 10:12:46 AM #55:	emblem-man posted... Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu That was not true, but I am sure you are eager to debate "high number" --- GT: rynobot <cite>rynobot posted [p:976886655] in The econom... [t:80603584]...</cite> <quote>emblem-man posted... </cite><quote>Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu</quote>That was not true, but I am sure you are eager to debate "high number" </quote> ... Copied to Clipboard!
1337toothbrush 10/27/23 10:15:14 AM #56:	Forty_Niners posted... If 2020 couldn't collapse our economy, nothing will. We saw a sharp dip for like a month, then a sharp uptick. Then why did we ever have an economic collapse? The situation in 2020 was special because it gave an excuse to pump crazy amounts of money in and other forms of aid from the government. Technically, 2008 wasn't a full-blown depression because of a crazy amount of money and aid from the government. However, the sustainability of this approach is questionable. The US in particular has more leeway because of its global reserve currency status, but something has to give at some point. If it's money on loan, then the bill will come due at some point. If it's money that's straight-up just handed over, then inflation will run rampant. Either way, the corporations getting this aid will become reliant on it, encouraging risky behavior because, hey, they'll get bailed out anyway, and if the companies don't get bailed out then the people responsible will have already collected their money and won't face any consequences. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976886691] in The econom... [t:80603584]...</cite> <quote>Forty_Niners posted... </cite><quote>If 2020 couldn't collapse our economy, nothing will. We saw a sharp dip for like a month, then a sharp uptick.</quote>Then why did we ever have an economic collapse? The situation in 2020 was special because it gave an excuse to pump crazy amounts of money in and other forms of aid from the government. Technically, 2008 wasn't a full-blown depression because of a crazy amount of money and aid from the government.However, the sustainability of this approach is questionable. The US in particular has more leeway because of its global reserve currency status, but something has to give at some point. If it's money on loan, then the bill will come due at some point. If it's money that's straight-up just handed over, then inflation will run rampant. Either way, the corporations getting this aid will become reliant on it, encouraging risky behavior because, hey, they'll get bailed out anyway, and if the companies don't get bailed out then the people responsible will have already collected their money and won't face any consequences. </quote> ... Copied to Clipboard!
1337toothbrush 10/27/23 10:18:40 AM #57:	emblem-man posted... Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu Bro, you're just parroting industry propaganda: https://www.statista.com/statistics/196096/total-egg-production-in-the-us-since-2000/ It mainly affected one producer, but the others jacked up their prices to match. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976886749] in The econom... [t:80603584]...</cite> <quote>emblem-man posted... </cite><quote>Bro, the reason for the high egg prices was due to a high number of them dying due to a bird flu</quote>Bro, you're just parroting industry propaganda:https://www.statista.com/statistics/196096/total-egg-production-in-the-us-since-2000/It mainly affected one producer, but the others jacked up their prices to match. </quote> ... Copied to Clipboard!
Lordgold666 10/27/23 10:19:52 AM #58:	Now if only gas can drop under 4.50/gal --- "May the Father of Understanding guide you." http://error1355.com/ce/Lordgold666.html <cite>Lordgold666 posted [p:976886767] in The econom... [t:80603584]...</cite> <quote>Now if only gas can drop under 4.50/gal </quote> ... Copied to Clipboard!
creativerealms 10/27/23 1:49:48 PM #59:	Lordgold666 posted... Now if only gas can drop under 4.50/gal Depends on where you live. It's been 3.30 a gallon where I live for two weeks now. --- "Intelligence has no place in Politics" Londo, (Babylon Five) Save Star trek prodigy <cite>creativerealms posted [p:976890067] in The econom... [t:80603584]...</cite> <quote>Lordgold666 posted... </cite><quote>Now if only gas can drop under 4.50/gal</quote>Depends on where you live. It's been 3.30 a gallon where I live for two weeks now. </quote> ... Copied to Clipboard!
thronedfire2 10/27/23 1:51:51 PM #60:	rynobot posted... That was not true, but I am sure you are eager to debate "high number" are you saying the bird flu thing isnt true, or the prices were high for some other reason? --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... <cite>thronedfire2 posted [p:976890086] in The econom... [t:80603584]...</cite> <quote>rynobot posted... </cite><quote>That was not true, but I am sure you are eager to debate "high number" </quote>are you saying the bird flu thing isnt true, or the prices were high for some other reason? </quote> ... Copied to Clipboard!
LSGW_Zephyra 10/27/23 1:53:16 PM #61:	Cool, did the median income go up? Range of income go down? --- Bioshock gave us a fictional world showing why libertarianism doesn't work. Cryptos/NFTs gave us the real world example (She/Her) <cite>LSGW_Zephyra posted [p:976890108] in The econom... [t:80603584]...</cite> <quote>Cool, did the median income go up? Range of income go down? </quote> ... Copied to Clipboard!
BewmHedshot 10/27/23 1:55:41 PM #62:	NYT tomorrow: The economy is booming. Here's why that's bad for Biden... <cite>BewmHedshot posted [p:976890154] in The econom... [t:80603584]...</cite> <quote>NYT tomorrow: The economy is booming. Here's why that's bad for Biden...</quote> ... Copied to Clipboard!
emblem-man 10/27/23 1:58:24 PM #63:	LSGW_Zephyra posted... Cool, did the median income go up? Range of income go down? Yes? https://gamefaqs.gamespot.com/a/user_image/3/3/9/AADgb_AAE-r7.jpg --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:976890192] in The econom... [t:80603584]...</cite> <quote>LSGW_Zephyra posted... </cite><quote>Cool, did the median income go up? Range of income go down?</quote>Yes?https://gamefaqs.gamespot.com/a/user_image/3/3/9/AADgb_AAE-r7.jpg </quote> ... Copied to Clipboard!
LSGW_Zephyra 10/27/23 2:07:15 PM #64:	Yay, actual progress! --- Bioshock gave us a fictional world showing why libertarianism doesn't work. Cryptos/NFTs gave us the real world example (She/Her) <cite>LSGW_Zephyra posted [p:976890342] in The econom... [t:80603584]...</cite> <quote>Yay, actual progress! </quote> ... Copied to Clipboard!
Gritty 10/27/23 2:07:52 PM #65:	wanderingshade posted... So why did everything go up in price and stay there? Thats not how any of this works <cite>Gritty posted [p:976890354] in The econom... [t:80603584]...</cite> <quote>wanderingshade posted... </cite><quote>So why did everything go up in price and stay there?</quote>Thats not how any of this works</quote> ... Copied to Clipboard!
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1337toothbrush 10/27/23 3:22:29 PM #67:	emblem-man posted... Yes? https://gamefaqs.gamespot.com/a/user_image/3/3/9/AADgb_AAE-r7.jpg That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to supress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976891451] in The econom... [t:80603584]...</cite> <quote>emblem-man posted... </cite><quote>Yes?https://gamefaqs.gamespot.com/a/user_image/3/3/9/AADgb_AAE-r7.jpg</quote>That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to supress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that. </quote> ... Copied to Clipboard!
emblem-man 10/27/23 3:37:51 PM #68:	1337toothbrush posted... That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to supress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that. Oh Lord --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:976891680] in The econom... [t:80603584]...</cite> <quote>1337toothbrush posted... </cite><quote>That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to supress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that.</quote>Oh Lord </quote> ... Copied to Clipboard!
1337toothbrush 10/27/23 3:43:09 PM #69:	emblem-man posted... Oh Lord This is literally you: https://twitter.com/WhiteHouse/status/1410709115333234691 It's no secret that numbers are often cherry-picked and don't tell the whole story. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976891757] in The econom... [t:80603584]...</cite> <quote>emblem-man posted... </cite><quote>Oh Lord </quote>This is literally you:https://twitter.com/WhiteHouse/status/1410709115333234691It's no secret that numbers are often cherry-picked and don't tell the whole story. </quote> ... Copied to Clipboard!
Heineken14 10/27/23 3:46:01 PM #70:	Were_Wyrm posted... Here's why this is bad and it's 100% Biden and the Democrats fault! And if we can't figure that out, we'll just not give him credit for it and say it doesn't matter because rich people are still insanely rich and wages aren't going up and we don't have universal healthcare. Then complain that democrats are bad at messaging. --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:976891797] in The econom... [t:80603584]...</cite> <quote>Were_Wyrm posted...</cite><quote>Here's why this is bad and it's 100% Biden and the Democrats fault!</quote>And if we can't figure that out, we'll just not give him credit for it and say it doesn't matter because rich people are still insanely rich and wages aren't going up and we don't have universal healthcare. Then complain that democrats are bad at messaging. </quote> ... Copied to Clipboard!
TyVulpine 10/27/23 4:10:58 PM #71:	1337toothbrush posted... That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to suppress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that. Blame greedy corporate executives. Why lower prices when people are paying high prices? --- Insert some witty line here <cite>TyVulpine posted [p:976892191] in The econom... [t:80603584]...</cite> <quote>1337toothbrush posted... </cite><quote>That's assuming you trust the official inflation numbers. The higher actual inflation is, the more desire there is to suppress those real numbers. When so many things have gotten 50+% more expensive in the last couple of years, I highly doubt wages have matched that.</quote>Blame greedy corporate executives. Why lower prices when people are paying high prices? </quote> ... Copied to Clipboard!
1337toothbrush 10/28/23 2:24:59 AM #72:	TyVulpine posted... Blame greedy corporate executives. Why lower prices when people are paying high prices? People often have little choice because everything is owned by like 2-3 corporations per industry. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976900086] in The econom... [t:80603584]...</cite> <quote>TyVulpine posted... </cite><quote>Blame greedy corporate executives. Why lower prices when people are paying high prices?</quote>People often have little choice because everything is owned by like 2-3 corporations per industry. </quote> ... Copied to Clipboard!
TyVulpine 10/28/23 9:13:28 AM #73:	1337toothbrush posted... People often have little choice because everything is owned by like 2-3 corporations per industry. That's a little known fact but it's true. The sunglasses industry is pretty much one company operating under various shell companies. --- Insert some witty line here <cite>TyVulpine posted [p:976902682] in The econom... [t:80603584]...</cite> <quote>1337toothbrush posted... </cite><quote>People often have little choice because everything is owned by like 2-3 corporations per industry.</quote>That's a little known fact but it's true. The sunglasses industry is pretty much one company operating under various shell companies. </quote> ... Copied to Clipboard!
Forty_Niners 10/28/23 10:27:04 AM #74:	Seeing right wingers twist and turn to make any good news into bad is always amusing. --- Who cares if Bosa is racist? <cite>Forty_Niners posted [p:976903520] in The econom... [t:80603584]...</cite> <quote>Seeing right wingers twist and turn to make any good news into bad is always amusing. </quote> ... Copied to Clipboard!
GrandConjuraton 10/28/23 10:27:44 AM #75:	Were_Wyrm posted... Here's why this is bad and it's 100% Biden and the Democrats fault! --- Heavy weight, one more stone... https://imgur.com/o21DN7r <cite>GrandConjuraton posted [p:976903527] in The econom... [t:80603584]...</cite> <quote>Were_Wyrm posted... </cite><quote>Here's why this is bad and it's 100% Biden and the Democrats fault!</quote> </quote> ... Copied to Clipboard!
Red_XIV 10/28/23 1:06:24 PM #76:	1337toothbrush posted... That's assuming you trust the official inflation numbers. 1337tinfoil post. --- "We will end our resilience for bad things." "We have pioneered the fatality rate." More brilliant insights from Donald Chump <cite>Red_XIV posted [p:976905721] in The econom... [t:80603584]...</cite> <quote>1337toothbrush posted... </cite><quote>That's assuming you trust the official inflation numbers.</quote>1337tinfoil post. </quote> ... Copied to Clipboard!
TyVulpine 10/28/23 2:03:08 PM #77:	Forty_Niners posted... Seeing right wingers twist and turn to make any good news into bad is always amusing. Right wingers: "We don't trust the government, and need our guns to protect us against the government!" Also right wingers: "Some Republican government official said this, so it must be true!" --- Insert some witty line here <cite>TyVulpine posted [p:976906527] in The econom... [t:80603584]...</cite> <quote>Forty_Niners posted... </cite><quote>Seeing right wingers twist and turn to make any good news into bad is always amusing.</quote>Right wingers: "We don't trust the government, and need our guns to protect us against the government!"Also right wingers: "Some Republican government official said this, so it must be true!" </quote> ... Copied to Clipboard!
emblem-man 10/28/23 5:42:59 PM #78:	The median American household has around $8000 in liquid cash, in addition to whatever other assets they hold. Median networth is 198k https://gamefaqs.gamespot.com/a/user_image/2/3/2/AADgb_AAE-54.jpg --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:976909642] in The econom... [t:80603584]...</cite> <quote>The median American household has around $8000 in liquid cash, in addition to whatever other assets they hold. Median networth is 198khttps://gamefaqs.gamespot.com/a/user_image/2/3/2/AADgb_AAE-54.jpg </quote> ... Copied to Clipboard!
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Current Events > The economy grew by 4.9% last quarter (+) Yeah! (+)

Current Events > The economy grew by 4.9% last quarter