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re: The conflicting signals of economic news makes your head spin.
Posted on 2/11/26 at 2:02 pm to sidewalkside
Posted on 2/11/26 at 2:02 pm to sidewalkside
quote:
Every time you turn around there is conflicting news on the state of the consumer and the economy.
Truth is somewhere in the middle. The economy is growing but inflation is eating 100% of that. The average person isn't going to benefit from any of the gains made. It's economics 101, there's no conspiracy behind it.
This post was edited on 2/11/26 at 2:10 pm
0
Posted on 2/11/26 at 2:50 pm to Bard
Is this something we should be worried about?
Posted on 2/11/26 at 2:57 pm to Aubie Spr96
quote:That depends on if My Team or Other Team is in power.
After 2020, I’m amazed that anyone believes any number generated by any gov’t agency.
Posted on 2/11/26 at 3:07 pm to fareplay
quote:
Median income is under 100k so most people don’t own stocks.
It’s baffling how dumb some of you are. Like copy and paste with no thought behind it
It's baffling seeing the levels of retardation people display when money is the subject.
-Over 50% of American adults own stock.
-Over 50% of American adults have 401ks investing in STOCK.
-If you still have a pension, you're paying into a general fund primarily invested into STOCKS to meet the payment obligations.
The notion that stocks are owned exclusively by monocle wearing elites is ridiculous & has been for ages.
You can argue that regular people don't own a high enough proportion of the TOTAL stock to be of significance, but you have to define the argument correctly instead of just saying "most people don't own stock" like a moron
Posted on 2/11/26 at 3:10 pm to Dawgfanman
Posted on 2/11/26 at 3:19 pm to fareplay
not sure you should be giving out much advice 
Posted on 2/11/26 at 4:16 pm to Aubie Spr96
quote:
After 2020, I’m amazed that anyone believes any number generated by any gov’t agency.
Suddenly ALL gubmint agencies are now telling the truth from here to there and everywhere because...Donald Trump is President? It's still El Swampo. They still don't care. And no, they still aren't "here to help".
Boggles the mind
Posted on 2/11/26 at 7:29 pm to JohnnyKilroy
quote:
All the numbers are cooked
I think it's kind of a wash. The government's going to cook them in Trump's favor and the media is going to cook them to make Trump look bad. So if you average the two together, you might be able to find something close.
Posted on 2/12/26 at 8:11 am to sidewalkside
quote:
Is this something we should be worried about?
Yes.
quote:
Americans ended 2025 more in debt than ever before.
Credit card balances hit a fresh high in the fourth quarter, rising by $44 billion to $1.28 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. That’s a 5.5% jump from a year earlier.
quote:
“You see evidence consistent with a ‘K-shaped’ economy,” the New York Fed researchers said. “Some groups are really struggling.”
That’s not just apparent in the number of auto loan, credit card and home equity lines of credit delinquencies, the New York Fed researchers said. “You also see that in rising mortgage delinquency rates,” the researchers said, referring to the growing number of homeowners who are falling behind on their mortgage payments.
quote:
Meanwhile, with an average credit card rate of around 20%, credit cards are one of the most expensive ways to borrow money. Currently, about 175 million people in the U.S. have credit cards, and while some pay their bills in full each month, roughly 60% of credit card users carry a balance from one month to the next, according to the New York Fed.
quote:
More than half, 55%, of consumers carry credit card balances to cover essential expenses, according to a separate report by debt management company Achieve released Monday.
If/When these households fail, they are likely to glom onto the government tit. We're already running $1T+ deficits with that projected only to grow. The more debt the federal government accrues, the more it beats down the value of the USD (read: inflation remains sticky or rises).
Posted on 2/12/26 at 8:46 am to ragincajun03
quote:especially the one's selling their own bible
any politician
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