[taylodl]

Me too but - remember the jobless recovery from the early 1990's? This time around feels a lot more like it did then. Corporate profits are soaring, Wall Street is happy - there's lots of money being made. Except employees have been left out of the party and are on the outside looking in. This feels very much like that. Then again, that era presided one of the largest periods of economic growth in US history! If history repeats itself then we're all going to be in for a great time in about five years! Of course, that may be of little help to you if in the meanwhile you've depleted your life savings and have been foreclosed on.

[jf22]

I guess.

With media so gamified and managed, it's hard to know what's true or what big spenders want us to think is true about the economy.

[taylodl]

Media can't gamify the facts: corporate profits are soaring and the stock indices have been doing great. GDP is up, US-based manufacturing is up, and job growth is at the highest levels in the modern era. The fact that's not helping the guy out on Main Street much is exactly what we saw in the early 90's.

The one thing I would say is different between now and the early 90's is we have a lot more retirees, and retirees as a group are much more exposed to inflation. Though its largely the Boomers who are that group of retirees and they've been through periods of much higher inflation and so if they thought Quantitative Easing was going to last forever then they were just being foolish.

They're also the generation rapidly losing power and so they like to complain so they can still feel like they have some power. If anything, because of the Boomers I'd say the media is being overly pessimistic about our current situation. It's still better than where we were in the early 90's.

[jf22]

I hear you and probably believe you.

However, I also don't understand macroeconomics enough to evaluate whether your statement is true.

It's as if I doubt myself more than I doubt you.

[taylodl]

Honestly, the best electives I took in college was microeconomics, macroeconomics, political science, and world history. After those four courses the world made a thousand times more sense to me. It's a shame these courses were electives and I didn't even have to take them, they simply fulfilled an elective requirement. It just seemed to me that if I were to regard myself as having a "well-rounded" education then I should know these things. BTW - I was a lot older when I went to college, I was something like 25 or 26 when I started and had already worked for two startups and had even lived and worked abroad. I had a lot of experience coming into college and so I was very mindful of my electives. My 18 year old self would have never made such smart choices.

[cyanydeez]

These cuts are stock boosts and a result of lending rates rises coming from fed inflation response.

The fed even.reported theyd want unemployment to rise to help.

The inflation itself is driven by corporate price gouging, so its mostly rich people fighting eachother and seeing which part.of the proletariat is easiest.to downsize.