....The American Economy vs, the Chicken Littles...

[Chillicothe]

Some here may have noticed a degree of caterwauling that America is going to hell. Fast. That our economy is cratering. And woe is us.

OK, for some, that is probably true. Our society's losers and ne'er-do-wells always do badly.......good times and bad times.

But for the rest of us, America is chugging along just fine, thank you very much.

• 'Their Inflation Strategy Is Working': Corporate Profits Soared to Record High in 2021​

• U.S. economy adds 431,000 jobs in March
  ​

• The unemployment rate fell to a new pandemic low of 3.6 percent, as strong hiring continues
  ​

• The housing market is even tighter now than it was prior to the spring 2021 housing frenzy. Even industry titans like Zillow increased their bullishness in January......The home listing site now predicts that the year-over-year rate of home price growth will hit 22% in May.
  By of end of October, builders had obtained 20.0% more building permits than the same period last year. Single-family permits increased 17.3% and multifamily permits were up 25.7%. Total homes started through October were 17.0% ahead of the same period last year. Single-family housing starts rose 16.7% while multi-family starts were up 17.8%.
• March 29, 2022, .......U.S. job openings...................vacancies still far outpaced new hires .... Job openings totaled 11.266 million in February, the Labor Department said in its Job Openings and Labor Turnover Summary (JOLTS) on Tuesday.
• Consumer Inflation: The U.S. = 7.5% UK = 5.5% Canada = 5.7% (all three of those countries have an expanding economy. Contrast that with the shrinking economy of Russia and it's projected inflation rate of 23.7%.
  -------------------------------------------------------------------------------------------------------
  
  Our Chicken Littles are unhappy with our strong job market, low unemployment, high profits, robust demand, and their houses increasing in value.
  
  Yeah, I don't get it either.
  
  
  
  
  

 

[Moonglow]

My economy is just fine...

 

[Mac1958]

Our Chicken Littles are unhappy with our strong job market, low unemployment, high profits, robust demand, and their houses increasing in value.

Yeah, I don't get it either.

Silly, transparent, simplistic partisanship. Professional wrestling for political geeks. They're ideologically obligated to ignore the good, focus entirely on the bad, and hope for the worst.

As tedious as it is, year after year, both parties, it just never stops.

 

[Toddsterpatriot]

Consumer Inflation: The U.S. = 7.5%

Ouch!

 

[rightwinger]

Some here may have noticed a degree of caterwauling that America is going to hell. Fast. That our economy is cratering. And woe is us.

OK, for some, that is probably true. Our society's losers and ne'er-do-wells always do badly.......good times and bad times.

But for the rest of us, America is chugging along just fine, thank you very much.

• 'Their Inflation Strategy Is Working': Corporate Profits Soared to Record High in 2021​

• U.S. economy adds 431,000 jobs in March​

• The unemployment rate fell to a new pandemic low of 3.6 percent, as strong hiring continues​

• The housing market is even tighter now than it was prior to the spring 2021 housing frenzy. Even industry titans like Zillow increased their bullishness in January......The home listing site now predicts that the year-over-year rate of home price growth will hit 22% in May.
  By of end of October, builders had obtained 20.0% more building permits than the same period last year. Single-family permits increased 17.3% and multifamily permits were up 25.7%. Total homes started through October were 17.0% ahead of the same period last year. Single-family housing starts rose 16.7% while multi-family starts were up 17.8%.
• March 29, 2022, .......U.S. job openings...................vacancies still far outpaced new hires .... Job openings totaled 11.266 million in February, the Labor Department said in its Job Openings and Labor Turnover Summary (JOLTS) on Tuesday.
• Consumer Inflation: The U.S. = 7.5% UK = 5.5% Canada = 5.7% (all three of those countries have an expanding economy. Contrast that with the shrinking economy of Russia and it's projected inflation rate of 23.7%.
  -------------------------------------------------------------------------------------------------------
  
  Our Chicken Littles are unhappy with our strong job market, low unemployment, high profits, robust demand, and their houses increasing in value.
  
  Yeah, I don't get it either.
  
  
  
  

LETS GO BRANDON!



Biden Happy Dance

 

[Moonglow]

What else was the economy going to do after being crashed during Trump?