What does Joe Rogan have to say?granted, i haven’t read ben shapiro’s take on it, but the economy seems to be quite resilient and doing well
Weekly Initial Unemployment Claims Decrease to 221,000
The DOL reported : In the week ending July 22, the advance figure for seasonally adjusted initial claims was 221,000 , a decrease of 7,000...www.calculatedriskblog.com
This is a huge debt relief, and huge for the economy. Those Americans dragged down by student debt sometimes have no way to EVER pay off their loans. And, when you remove this loan burden, then the economic benefit is huge around these people when they have extra money to use.
Biden administration announces $39 billion in student debt relief for 804,000 borrowers
The Biden administration has announced that it will provide $39 billion in total student debt relief for 804,000 borrowers, its latest step since President Biden’s student loan forgiveness plan was…thehill.com
Imagine a mortgage at usurious rates that cannot be forgiven.
www.prnewswire.com
I frankly don't understand it. It's almost like people don't want to believe the numbers...the malaise continues apace
ADP National Employment Report: Private Sector Employment Increased by 324,000 Jobs in July; Annual Pay was Up 6.2%
/PRNewswire/ -- Private sector employment increased by 324,000 jobs in July and annual pay was up 6.2 percent year-over-year, according to the July ADP®...
"The economy is doing better than expected and a healthy labor market continues to support household spending," said Nela Richardson, chief economist, ADP. "We continue to see a slowdown in pay growth without broad-based job loss."
I can understand it. Have some things improved in the last few months? Yes, they have, but people are comparing things to the pre-inflation, and even pre-Covid economies. When you make that comparison it's not favorable. Gas prices are climbing right now in many parts of the country. I watched gas go up 80 cents a gallon in about two weeks where I am. Housing is ridiculous in most parts of the country. Young couples and young single people are struggling to get into the housing market. I have several friends that have kids in their mid 20's getting married and can't afford anything, including rent. They are living with family instead.
That's the point. There is no objective truth. You will believe what we tell you.
and it is surprisingly effective for their supporters and their totally not supporters, but... that love to pretend that everyone is being brainwashed by the woke media except for them
Every family I know is worried about rising costs (and I live in an affluent area). We have high-income earners who had variable rates on their mortgages see their housing costs increase by some 50% over the last year or so and groceries are crazy expensive if you have multiple kids.
Pretty much always the case, isn't it?
