The American Economy Is Historically Strong. Workers Are Doing Better Than They Ever Have

[The5thHorseman]

That would be an individual pursuit 5th

As far as the OP goes, it's all about how stats are presented

On can make our economy look great using cherrypicked stats

Factor in the disparity, take out our top 1% , and it looks like sh*t

This was the jist of occupy wall street

~S~

You started ok, but then it kinda dissipated.

Our economy is good or bad relative, not to some ideal, but to itself.

On that basis it is doing very well.

Absent exogenous events it would be smokin'...

 

[iku]

Can not disagree with this article. As much as I don't like to admit it, seems Biden's policies are working.

 

[iku]

Does rent historically go down?

Yes, rent has gone down. Many factors influence the rent rate. Supply and demand for one.

 

[frigidweirdo]

• The US unemployment rate today is 3.4%, the lowest peacetime unemployment rate since WWII, and the lowest since 1969. A majority of Americans alive today have never experienced an unemployment rate this low. The current Black unemployment rate, 4.7%, is the lowest ever recorded. The worker participation rate for prime age workers is now higher than before the pandemic.
• In the last few months, America has experienced the lowest uninsured and lowest poverty rates in its history.
• GDP growth is averaging over 3% in the Biden era, a very strong number. Our economic recovery from COVID is the strongest of all advanced economies. The Dow is up 24% since Election Day 2020, and is at the upper end of its performance over the past generation. Wage gains and new business formations are at historically elevated levels.
• The current Atlanta Fed GDP Now forecast has GDP growth coming in at 2.9% this quarter. Job growth remains very strong - 253,000 last month. While things are slowing down, as we want them to be, we are not currently headed toward a recession.
• Despite the enormous global disruption of COVID and the Russian invasion of Ukraine, the American economy is remarkably strong, people are working, their wages and incomes are rising, and fewer are uninsured than ever.

It's Time for A Big Rethink on How We Poll and Talk About The Economy

The American economy is historically strong, and our workers are doing well

simonwdc.substack.com

And as long as Republicans are kept out of it, it will stay that way

And yet the US is in a huge boom and bust cycle, yes, things are good now, what happens when the bust comes?

7 million Americans lost their homes in the last bust.
Billionaires get richer and richer every bust, because they have money to play with, whereas the poor don't.
The US's inequality is getting worse.

 

[The5thHorseman]

Yes, rent has gone down. Many factors influence the rent rate. Supply and demand for one.

Do you know what a "cap rate" is?

 

[iku]

Do you know what a "cap rate" is?

if you don't know, look it up.
the economy is STRONG.

 

[ralfy]

• The US unemployment rate today is 3.4%, the lowest peacetime unemployment rate since WWII, and the lowest since 1969. A majority of Americans alive today have never experienced an unemployment rate this low. The current Black unemployment rate, 4.7%, is the lowest ever recorded. The worker participation rate for prime age workers is now higher than before the pandemic.
• In the last few months, America has experienced the lowest uninsured and lowest poverty rates in its history.
• GDP growth is averaging over 3% in the Biden era, a very strong number. Our economic recovery from COVID is the strongest of all advanced economies. The Dow is up 24% since Election Day 2020, and is at the upper end of its performance over the past generation. Wage gains and new business formations are at historically elevated levels.
• The current Atlanta Fed GDP Now forecast has GDP growth coming in at 2.9% this quarter. Job growth remains very strong - 253,000 last month. While things are slowing down, as we want them to be, we are not currently headed toward a recession.
• Despite the enormous global disruption of COVID and the Russian invasion of Ukraine, the American economy is remarkably strong, people are working, their wages and incomes are rising, and fewer are uninsured than ever.

It's Time for A Big Rethink on How We Poll and Talk About The Economy

The American economy is historically strong, and our workers are doing well

simonwdc.substack.com

And as long as Republicans are kept out of it, it will stay that way

The country has been experiencing low growth since the 1960s, trade deficits since the 1970s, and soaring debt since the 1980s to adjust to both trade deficits and a peak in real wages.

 

[The5thHorseman]

if you don't know, look it up.
the economy is STRONG.

That's why the Fed's worked so hard to put the brakes on it.

 

[Flash]

• The US unemployment rate today is 3.4%, the lowest peacetime unemployment rate since WWII, and the lowest since 1969. A majority of Americans alive today have never experienced an unemployment rate this low. The current Black unemployment rate, 4.7%, is the lowest ever recorded. The worker participation rate for prime age workers is now higher than before the pandemic.
• In the last few months, America has experienced the lowest uninsured and lowest poverty rates in its history.
• GDP growth is averaging over 3% in the Biden era, a very strong number. Our economic recovery from COVID is the strongest of all advanced economies. The Dow is up 24% since Election Day 2020, and is at the upper end of its performance over the past generation. Wage gains and new business formations are at historically elevated levels.
• The current Atlanta Fed GDP Now forecast has GDP growth coming in at 2.9% this quarter. Job growth remains very strong - 253,000 last month. While things are slowing down, as we want them to be, we are not currently headed toward a recession.
• Despite the enormous global disruption of COVID and the Russian invasion of Ukraine, the American economy is remarkably strong, people are working, their wages and incomes are rising, and fewer are uninsured than ever.

It's Time for A Big Rethink on How We Poll and Talk About The Economy

The American economy is historically strong, and our workers are doing well

simonwdc.substack.com

And as long as Republicans are kept out of it, it will stay that way

LOL! Given Potatohead's massive inflation, failed banks, high cost of energy, massive debt, increased size of government, millions of Illegals, declining family income and near recession economic growth what you posted is nothing more than confused Libtard lies.

Pull your head out of your Moon Bat ass.

 

[The5thHorseman]

LOL! Given Potatohead's massive inflation, failed banks, high cost of energy, massive debt, increased size of government, millions of Illegals, declining family income and near recession economic growth what you posted is nothing more than confused Libtard lies.

Pull your head out of your Moon Bat ass.

Are more, or fewer, Americans working now than in Jan, 2021?

Is the economy larger or smaller?

How about "the Deficet"?

 

[iku]

That's why the Fed's worked so hard to put the brakes on it.

Fed is going to have trouble stopping it this time. I see no history on the history of how an economy rebounds after a pandemic in modern history.
Open your textbook from your HS econ101 class and get busy.

 

[The5thHorseman]

Fed is going to have trouble stopping it this time. I see no history on the history of how an economy rebounds after a pandemic in modern history.
Open your textbook from your HS econ101 class and get busy.

I took econ in college and grad school, never high school.

Open an encyclopedia to the 1918 flu pandemic.


Hollaback.

 

[iku]

I took econ in college and grad school, never high school.

Open an encyclopedia to the 1918 flu pandemic.


Hollaback.

Yes, the economy is strong.
Did you graduate?
Is that a Masters in Liberal Arts?
Nice try kid, now go make yourself a tomatillo sandwich.

 

[John Edgar Slow Horses]

 

[ralfy]

High annual GDP growth rate would be around 6 pct or better. And one would question that given continuous trade deficits.