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People are cutting back on spending. Go ask someone who lives in the real world and runs a business, instead of people that live in a bubble like obviously yourself.
I understand that the people who live like leaches off the tax payers are giddy with excitement. The sound of trillions of dollars falling from the sky from our helicopter money machines is music to their ears, since so much of it lands in their pocket. But I can assure them, the mood on the street is very different. Consumer confidence reports have not been rosy. I fully expect Jill Biden to stand up and tell the people to shut up and eat cake. That is how woefully out of touch the elites and government parasite class are.
Is this an adjusted for inflation chart? In raw dollars, consumers are always going to pay more long term. The US dollar has lost 98% of it's value in the past 100 years. So of course they are going to spend more dollars to buy crap. That's how inflation works. Now if we had hyperinflation, your chart would be even more impressive! And real world people would be screaming in rage at the top of their lungs! And meanwhile, you would be here posting charts showing the economy was booming like never before... Unless a republican was president of course.
Is this an adjusted for inflation chart? In raw dollars, consumers are always going to pay more long term. The US dollar has lost 98% of it's value in the past 100 years.
No, but the inflation-adjusted one isn't much different:
How can it not be much different when we are having near double digit inflation??? And realistically, most everyone knows the government lies about inflation and it is likely over 10%
These inflation numbers represent 40 year highs... And yet, they took factors like housing and education out of the equation, so they could under report inflation. And you eat this crap up for breakfast lunch and dinner. If you would like to believe inflation is only 7%, that's on you but don't expect the rest of us to take a whiff of Brandon's soiled depends and smile about it. Consumer confidence is in the toilet for a good reason, and there is very little confidence to be found anywhere in our current leadership. I hate to say it but pantsuit would have been a much better president than this clownshow.
I'm well aware that the people defending Biden's spending are the same people who were saying inflation was only transitionary, and before that, inflation was a right wing bogeyman. I suppose they will always be defending Biden and the stimulus spending. No point arguing with them or pointing out the inconsistencies.
The mainstream suspects are now acknowledging inflation and the threats of a recession / economic correction down the road. The first of such articles are popping up in CNN/MSNBC etc. We've all see their pattern before, so are we surprised? Not really.
How can it not be much different when we are having near double digit inflation???
The numbers don't lie. Retail sales are booming because the economy is booming - inflation and all. Many economists will tell you that rising inflation causes people to buy more, not less, because they're trying to buy things before the price goes even higher.
Many economists will tell you that rising inflation causes people to buy more, not less, because they're trying to buy things before the price goes even higher.
A predictable response to declining purchasing power is to buy now, rather than later. Cash will only lose value, so it is better to get your shopping out of the way and stock up on things that probably won't lose value.
For consumers, that means filling up gas tanks, stuffing the freezer, buying shoes in the next size up for the kids, and so on. For businesses, it means making capital investments that, under different circumstances, might be put off until later. Many investors buy gold and other precious metals when inflation takes hold, but these assets' volatility can cancel out the benefits of their insulation from price rises, especially in the short term. ...
So the spurt in retail sales actually makes perfect sense in context of the rise in inflation.
The numbers don't lie. Retail sales are booming because the economy is booming - inflation and all. Many economists will tell you that rising inflation causes people to buy more, not less, because they're trying to buy things before the price goes even higher.
I don't give a crap what economists think. They are wrong all the time. I care about my country, and the standard of living that has given rise to an era of general shared prosperity and well being. I don't want a bunch of Marxist butt holes and their Trojan horse of a dementia patient messing all that up, but dims gonna make dim choices, as we have seen time and time again.
And if retail sales were so great, I wouldn't hear retail business folks screaming on the phone about sky high prices, shortages, and other things that were not happening as bad as when Trump was president. And guess what? All this crap is going to keep getting worse. China is still locking down major cities, including Shanghai, and Democrats insist we must remain dependent on them for damn near everything. But of course, in your upside down world, bad is good and good is bad.
lol...Take credit where it isn't warranted and cast blame for personal failure. I forget what number rule that is for dems.
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