Mainstream Economics Thread

[steve dave]

counterpoint: I have data and not MAGA boomer feelings

[sonofdaxjones]

The "feelings" are taken straight from the BLS

An artifical adjustment for low wage earners returning to the work force?   

[steve dave]

[sonofdaxjones]

Do real wages include inflation figures that cover the real economy, or just the items that they select to include, Steve?

This always feels like a "we'll know a recession when we see it" level discussion

[steve dave]

Do real wages include inflation figures that cover the real economy

yes, idiot

[steve dave]

that's the entire point of the "real" part you dumbshit

[steve dave]

have you even googled the CPI part you were all confused about? lmao

[sonofdaxjones]

RWG uses CPI . . . which excludes numerous items.

Sigh . . . it's the same movie again, kids 

America just ignore if your energy costs go up  . . . we got politics to do here

[steve dave]

so your thing now is that real wages are actually up but they don't include adjustments that aren't contemplated in the CPI? just wanting to make sure we are on the same page.

[sonofdaxjones]

Food . . . not important (SteveDave)

[sonofdaxjones]

so your thing now is that real wages are actually up but they don't include adjustments that aren't contemplated in the CPI? just wanting to make sure we are on the same page.

One line of the graph I posted showed wages going up, I have never - ever denied this.

Maybe it's time for you to go to bed, gramps. You're always complaining about late hours, anyway

[steve dave]

Food . . . not important (SteveDave)

CPI measures the average change in price over time of a market basket of consumer goods and services. The market basket includes everything from food items to automobiles to rent

strike one. I'd suggest not going with automobiles next since I included that in my text above.

[sonofdaxjones]

Core CPI does not include food and energy

Again, one of the last graphs you posted introduces feelings . . . pre and post pandemic economics are real economics, you don't get to exclude those or caveat those things to get better feels

[steve dave]

well that wasn't it. want to swing at another pitch?

[sonofdaxjones]

So the BLS is lying again?  If true

[steve dave]

dax, the economy is objectively great right now no matter how you want to spin it. you can post clickbait charts like you did but people that know about this stuff will call you on it sometimes and should more often but exhaustion sets in (this is a a good example of how social media poisons our elders brains tbh).

[steve dave]

So the BLS is lying again?  If true

are you still claiming that real wages are down? I have no idea what you are even claiming here. Post something from the BLS that real wages are down and I'll dunk on it.

[sonofdaxjones]

dax, the economy is objectively great right now no matter how you want to spin it. you can post clickbait charts like you did but people that know about this stuff will call you on it sometimes and should more often but exhaustion sets in (this is a a good example of how social media poisons our elders brains tbh).

Steve, you say the same BS every single time.

Anyone who follows this knows that the economy has been fueled by massive Federal deficit spending and a printing press mentality by the treasury and the Fed. This is not refutable in anyway. 

The Federal Government added another $260 billion to the national debt just a month ago. 

ATH, the billionaires are selling like crazy, friend. They're collecting cash to buy on the low end, Yellen-Powell-Harris are leaving a ticking time bomb

[sonofdaxjones]

So the BLS is lying again?  If true

are you still claiming that real wages are down? I have no idea what you are even claiming here. Post something from the BLS that real wages are down and I'll dunk on it.

I already posted it, the numbers come from BLS

[steve dave]

So the BLS is lying again?  If true

are you still claiming that real wages are down? I have no idea what you are even claiming here. Post something from the BLS that real wages are down and I'll dunk on it.

I already posted it, the numbers come from BLS

the divorced guys chart that doesn't match the numbers is the thing you posted? that's what you're sticking with? good lord. I mean, I'm arguing with a wall at this point. a very persistent and high stamina wall though, so credit where it's due.

[steve dave]

dax, the economy is objectively great right now no matter how you want to spin it. you can post clickbait charts like you did but people that know about this stuff will call you on it sometimes and should more often but exhaustion sets in (this is a a good example of how social media poisons our elders brains tbh).

Steve, you say the same BS every single time.

Anyone who follows this knows that the economy has been fueled by massive Federal deficit spending and a printing press mentality by the treasury and the Fed. This is not refutable in anyway. 

The Federal Government added another $260 billion to the national debt just a month ago. 

ATH, the billionaires are selling like crazy, friend. They're collecting cash to buy on the low end, Yellen-Powell-Harris are leaving a ticking time bomb

are you talking about warren selling? lmao

[sonofdaxjones]

So the BLS is lying again?  If true

are you still claiming that real wages are down? I have no idea what you are even claiming here. Post something from the BLS that real wages are down and I'll dunk on it.

I already posted it, the numbers come from BLS

the divorced guys chart that doesn't match the numbers is the thing you posted? that's what you're sticking with? good lord. I mean, I'm arguing with a wall at this point. a very persistent and high stamina wall though, so credit where it's due.

What does divorce have to do with anything 

I feel the same way, you steadfastly refuse to admit the functional reality of what is fueling this economy and anything even resembling job growth (I'll leave the cooked jobs numbers for another time, you'll just laughably deny that as well)

[sonofdaxjones]

dax, the economy is objectively great right now no matter how you want to spin it. you can post clickbait charts like you did but people that know about this stuff will call you on it sometimes and should more often but exhaustion sets in (this is a a good example of how social media poisons our elders brains tbh).

Steve, you say the same BS every single time.

Anyone who follows this knows that the economy has been fueled by massive Federal deficit spending and a printing press mentality by the treasury and the Fed. This is not refutable in anyway. 

The Federal Government added another $260 billion to the national debt just a month ago. 

ATH, the billionaires are selling like crazy, friend. They're collecting cash to buy on the low end, Yellen-Powell-Harris are leaving a ticking time bomb

are you talking about warren selling? lmao

All the big dogs are selling right now, friend. (like literally right now)

Buffett, did jump back on a few things today

Sadly, I have just read that NVDIA is doing some . . . Enronish things 

[steve dave]

who are these "big dogs" selling? I would personally not sell equities right now given Trump is a narcissist and, because he is (and because he's a dumbass), he sees the stock market as his scoreboard. there is literally no way he allows it to go down in his presidency. told kat kid this a year ago. BULL RUSH CONTINUES UNFETTERED.

[sonofdaxjones]

BTW

Oct Wholesales Inflation - Up

Credit Card Debt - Still Rising

90 day delinquencies - Rising

33% of Americans have maxed out their credit (because of rising prices)