A Recession on the Way?

What does this mean?

Did wages rise higher than inflation or not?

Well for one you're quite keen on spreading misinformation and not being fully honest about the actual state of the economy (you literally just did it in this thread) and it's no secret how deeply, deeply partisan you are

In some areas, yes. That's only if you're looking at the number the government is giving you, but inflation compounded over three years puts the rate at 30%, but they don't count that do they? Plus people are no longer getting stimulus checks and other covid relief.

I'm not fooling anyone, you're being fooled by the news media who's lying to you about the economy and Biden keeps gaslighting people about how great things are. Don't be surprised if that all backfires.

What misinformation am I spreading?

You're a little weasel for asking this question when I literally just told you that you said it in this thread, but sure let's play along - post #619

What does this mean?

Did wages rise higher than inflation or not?

No wages are not higher because it's compound inflation over the past three years, meaning the real rate is around 30%. People are not being paid 30% more and the government keeps spending trillions more dollars which will lead to even more inflation. So no, your math is wrong.

Nope, there's no misinformation in that post, you've just been misinformed by the media.

I'm sure Trump cutting taxes for the rich and raising tariffs dramatically will solve the inflation problem. So say Republicans.

Guys, FF is right, if you look at what a subway sammich maker makes, and then listen to faux news, the economy and joe biden are at fault for your predicament, and not the fact you make shitty sammiches for shit pay while most of your money goes to paying off your DWI penalties and daily bud light consumption because you are a fucking alcoholic. That is not to mention the meth we all know he smokes is not free. Then he has got to buy Trumop sneakers and JFK throat losenges. That is not to mention the Joe Rogan Podcast isn't free, along with his daily horsey dewormer.

FF's economic situation sucks because he was born to the town coke whore who died and left him with shit.

About the only thing that would make his life better would be a post birth abortion, and despite the promises that faux news gives him that it is coming, it is not going to be made legal any time soon.

His life is miserable and it is easier to blame the evil dems and the bad economy than to admit he is a white trash loser in a shithole little VA town with no chance to ever escape because Subway is never going to pay for him to transfer out of loserville VA.

I don't get Trump's obsession with tariffs. You need to promote free trade, cut taxes for everyone, and cut regulations.

Those regulations of wearing gloves to handle the food and washing your hands after using the bathroom cutting into your sammich production rates?

Harmless free speech. Elon loves you.

I don't follow the mainstream media, it's absolute garbage. I'm sorry but your predetermined, canned responses don't work on me

You'll need to do better than that

If elon shows up begging at my glory hole I am blaming you and coming for your mountain dew and krispy kremes.

Wherever you get your information it's wrong.

Compound inflation. You realize you can’t just throw fancy to you words against the wall and expect us to buy it.

There are actual stats for this kind of thing and for all workers Real Wages are higher than pre-COVID and for the majority of workers they have higher Real Wages than the pre-COVID trend line.

Considering you've told several people in this thread that they are being misinformed by the mainstream media when it comes to the economy and then you link to MSNBC, part of the mainstream media, to tell us how bad inflation is why should we trust what that article says?

Yes, compounding inflation is a real thing. Inflation builds from year to year starting in 2021. The inflation level now is building off of the inflation when it at it's peak in the fall of 2022. The Fed hasn't reached their of getting it down to 2% and prices continue to rise so the numbers the government uses is bullshit. The real rate should be around 30% so your real wages argument doesn't pass the smell test. The dollar is worth less than it was two years ago and it's getting worse.

Don't take my word for it, here's Jim Clyburn gaslighting on MSNBC and gets interrupted by a CNBC about inflation being higher than expected.

I don't think there's a question that inflation is being stubborn and that families are hurting as a result. The question is, what exactly would a different regime do about it that Biden isn't?

No. This is just wrong. You are just throwing up smart sounding economic terms you’ve been fed by your YouTubers.

Look again at the chart posted. It is indexed to Jan 2020. So yes, the last four years of inflation is being included. As are the last four years of increased wages. Thats how we get Real Wages. FUCK! Do we really have to do this every couple of weeks?!??

When it was Reagan, they raised the rates higher than it is now and by 1982 things were getting better and by 1984 the economy bounced back and Reagan won re-election by a landslide.

No You're wrong and you you don't understand economics.
Shocking stat of the day: Inflation has not fallen in a single month since January 2021, according to Zerohedge. This means that overall prices are up a whopping 19% in less than 4 years. We have not had a year-over-year inflation print below 3% in 36 consecutive months. Furthermore, inflation has been above the Fed's 2% target for 37 straight months. Inflation is now building on previous years of inflation; we effectively have compounding inflation. But don't worry, the labor market is strong.
https://twitter.com/KobeissiLetter/status/1778138632987025822

FF- Sluuurrp, sleuurrpp, sluurrpp!!!

Zombie Reagan- Wheeell, Nancy, I had to watch you blow Sinatra; you have to watch this!

Zombie Nancy- Eeehhh heehh!!

FF- Shluck, shluck shluck, schluuuuck!!!

Zombie Reagan- Wheell, whell, whell, whell, WHEEEELL!!!!!

FF- Gulllp!

Zombie Nancy-

Yes. Inflation in the mid to low 3s is higher than the Fed Target but it is a) lower than wage growth so Americans can actually purchase more even with it b) lower than every other OECD nation.

The biggest issue is the perception gap. Even if wages are rising faster than prices folks are still angry because while they earned their increased wages the higher prices were imposed on them.

Now let's talk about those job numbers

71,000 government jobs
0 manufacturing jobs
part times jobs 691,000

The economy's doing so good that people are getting second and third jobs.

Again no. You are an idiot. Look at the god damn chart. It is indexed to Jan 2020!

It’s like arguing with a teenaged Dunning-Kruger chat bot!

Jesus fucking Christ this is so stupid but I have to go take my kid to watch a Marky Mark dog movie so just real quick:

Volcker was appointed by Carter not Reagan.
The inflation started under Nixon.
The Fed is independent of the executive.
That was demand driven inflation not supply.
Housing is currently the largest driver of inflation and jacking up interest rates (raising mortgage costs and construction costs) doesn’t make housing any cheaper.