Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says
Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says
"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."
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Yay GDP!
Between this and stock indexes you have the most asinine metrics to determine if an economy is healthy.
I'm not saying I know what the solution is, but basing good times on how well Microsoft and/or Warren Buffett are doing is just stupid.
I’m not saying I know what the solution is
it's bombs
Oh fuck off. I don't get why so many people here have a literal hard-on for violence. Get out of your parents basement.
i'm 50. i've been watching the political cycle for for more years than you've probably been on this planet. nothing changes. young ideological kids have their moment of clarity and proclaim "this is all wrong!", and then do nothing about it.
and if you're about to say something about protests, just stop. protests are useless. make them scared or hit their finances. those are the only things that matter.
They not only "do nothing about it", most of them join in the wrong as they get older. I think it basically comes down to greed and jealousy. Not sure anyone can fix that.
our best bet (and likely our only hope) is to be well kept pets to a super AI. the path to that utopia is messy. AMA