How is the US economy right now?

[N13]

Just watch the yield on 10 year treasuries. When it is over 5%, things will get hot.

It's around 4.3% now and rising.

 

[Deleted member 592570]

My family and I are doing great and are happier than ever!

DBl yellows? Being racist again?

 

[Copper Burner]

Well, it's only a problem if you have to walk in their shit.

So, honestly, we should have a bilateral agreement to house all the socially/mentally defectives in N.Dakota or something. Remove them all from the cities, problem solved.

Or, even better, include Mexico in the deal and build a Warm Permanent Holiday destination for them somewhere currently uninhabited.... that way they cold wouldn't kill them (ND winters are no joke) --see, I'm a humanitarian @ heart.





Seriously, the homeless issues we have are linked pretty closely with Mental illness as much as poverty. Having visited Ottawa, I think that's true there as well... runaways, drug addicts and/or mentally ill @ large.

But that's just my observations, I am certainly no expert on the subject of homelessness.

The libtards have destroyed the beautiful cities of california.

 

[N13]

The libtards have destroyed the beautiful cities of california.

They ruin every city they occupy.

 

[N13]

@panamaican

One more thing: The BRICS+ nations have a plan called "Operation Sandman."
If/when it is triggered, these nations will dump $2 trillion in US bonds over a 48 hour period. That would pop every bubble. The BRICS+ nations who back their money with assets like gold would also suffer, but not as much as nations with fiat currency.

They got us by the balls.

The US better have some gold so we can get with the future of money or be left behind.

 

[BROWNPRIDE]

DBl yellows? Being racist again?

Damn bro you stay stalking me

 

[BROWNPRIDE]

Damn bro you stay stalking me

I’m banned

 

[Unknown Pleasures]

Interesting I was reading a book by a Japanese Neo-Marxist Kohei Saito just the other day. His argument is GDP and GDP per capita metrics are completely overrated and outdated... going as far as describing the metric as extremely superficial with enormous statistical limitations, and that the general public gets manipulated through this metric.

He notes the contrast of GDP per capita numbers in the USA and how they are superior to many western nations and Japan, but the nation lags in HDI (Human Development Index) compared to many developed nation peers despite the overall superior financial wealth. He notes the average life span in Japan is a full 6 years higher than that of the USA. He basically states that once basic necessities are covered, the benefits of a job in a "booming economy" are often negligible or even negative if quality of life/free time/on-the-job enjoyment are lacking.

I see a lot of this personally - though am wary of "truth by anecdote". Recently, I am never able to bridge this divide in terms of people broadcasting a great economy versus the overwhelming negativity and malaise virtually everybody I know talks about. Most of whom complain dramatically. Super long hours, cut-throat souless work environments, holding more than one job and having to work longer and harder to buy less at the grocery store.

I donate quite a bit to charity and the number one message I'm getting from donation requests is people working multiple jobs and still requiring food assistance.

And this isn't a USA only phenomenon. Food bank visits in Great Britain and Canada have absolutely skyrocketed and not come down since the pandemic. Often the narrative is "despite low rates of unemployment".

Canada up 78% from 2019. Up 32% from two years ago.

 

[N13]

Interesting I was reading a book by a Japanese Neo-Marxist Kohei Saito just the other day. His argument is GDP and GDP per capita metrics are completely overrated and outdated... going as far as describing the metric as extremely superficial with enormous statistical limitations, and that the general public gets manipulated through this metric.

He notes the contrast of GDP per capita numbers in the USA and how they are superior to many western nations and Japan, but the nation lags in HDI (Human Development Index) compared to many developed nation peers despite the overall superior financial wealth. He notes the average life span in Japan is a full 6 years higher than that of the USA. He basically states that once basic necessities are covered, the benefits of a job in a "booming economy" are often negligible or even negative if quality of life/free time/on-the-job enjoyment are lacking.

I see a lot of this personally - though am wary of "truth by anecdote". Recently, I am never able to bridge this divide in terms of people broadcasting a great economy versus the overwhelming negativity and malaise virtually everybody I know talks about. Most of whom complain dramatically. Super long hours, cut-throat souless work environments, holding more than one job and having to work longer and harder to buy less at the grocery store.

I donate quite a bit to charity and the number one message I'm getting from donation requests is people working multiple jobs and still requiring food assistance.

And this isn't a USA only phenomenon. Food bank visits in Great Britain and Canada have absolutely skyrocketed and not come down since the pandemic. Often the narrative is "despite low rates of unemployment".

Canada up 78% from 2019. Up 32% from two years ago.

I'm fighting inflation in my own way, but it hurts when the $ for food goes down and the cost of food keeps going up. Going shopping is depressing. And I'm in the middle class category currently. I feel sad for the poor. Ramen and bananas.

 

[Limeade]

The libtards have destroyed the beautiful cities of california.

I was just in san franciso. It was nice and warm in December. We found a good deal on a hotel by Union Square, walked to the Ferry building everyday. I could have spent days or even a full week at Golden Gate park and I didn't even make it to the Presidio.

My favorite day was walking from the Ferry building then heading to Coit Tower through the secret stairs then all along the waterfront. Yes fisherman's wharf is touristy but it's free and you can see the sea lions.

Yes the tenderloin is bad. Gentrification is real and housing even in places like the Mission District are high. But overall it's a wonderful city. It did feel liberal but it wasn't completely mismanaged like you hear in the news.

 

[Lucas1980]

Its great if you listen to the main stream media but it sucks in real life and real time and it doesn't seem to be getting better. I miss the good old days pre 2021....

 

[Limeade]

I"m wondering if US equities are sustainable or a bit overvalued at the moment.

Let's look at one of the major index: the S&P 500. In 2023, the forward price-to-earnings ratio (P/E) of the S&P 500 stood at 17.5x, which is somewhat higher than the 25-year average of 16.4x. I think if you look at it todays, it's actually HIGHER and closer to 23x. It's also much higher compared to other markets like the MSCI Europe and the Nikkei 225, which means US stocks are more expensive than stocks in countries based in other countries. Is that warranted or not? I'm not sure.

Another thing I would look at --- P/E of US companies to return on equity. This should give you an idea about how profitable and efficient a company has been over the past year. That's still a good story there although I don't have current figures off the top of my head.

 

[blackheart]

The libtards have destroyed the beautiful cities of california.

Such serious good faith high level and detailed analysis

 

[blackheart]

They ruin every city they occupy.

What happened to you man? Your trajectory seems like it parallels Alex Jones. Jones was once a wacky entertaining fun character with out there conspiracies. Then after Trump got elected he turned into a standard republican hack, dropped all pretense of being anti establishment and started advocating for standard republican policies and hack talking points. All the same applies to you.

Bring back the 20 post breakdowns on the book of Enoch. The "Woke libtards ruined cali!!" look is just so ugly on you.

 

[James Eagle]

I was just in san franciso. It was nice and warm in December. We found a good deal on a hotel by Union Square, walked to the Ferry building everyday. I could have spent days or even a full week at Golden Gate park and I didn't even make it to the Presidio.

My favorite day was walking from the Ferry building then heading to Coit Tower through the secret stairs then all along the waterfront. Yes fisherman's wharf is touristy but it's free and you can see the sea lions.

Yes the tenderloin is bad. Gentrification is real and housing even in places like the Mission District are high. But overall it's a wonderful city. It did feel liberal but it wasn't completely mismanaged like you hear in the news.

So you didn’t actually spend time in SF

 

[Jack V Savage]

Interesting I was reading a book by a Japanese Neo-Marxist Kohei Saito just the other day. His argument is GDP and GDP per capita metrics are completely overrated and outdated... going as far as describing the metric as extremely superficial with enormous statistical limitations, and that the general public gets manipulated through this metric.

He notes the contrast of GDP per capita numbers in the USA and how they are superior to many western nations and Japan, but the nation lags in HDI (Human Development Index) compared to many developed nation peers despite the overall superior financial wealth. He notes the average life span in Japan is a full 6 years higher than that of the USA. He basically states that once basic necessities are covered, the benefits of a job in a "booming economy" are often negligible or even negative if quality of life/free time/on-the-job enjoyment are lacking.

I see a lot of this personally - though am wary of "truth by anecdote". Recently, I am never able to bridge this divide in terms of people broadcasting a great economy versus the overwhelming negativity and malaise virtually everybody I know talks about. Most of whom complain dramatically. Super long hours, cut-throat souless work environments, holding more than one job and having to work longer and harder to buy less at the grocery store.

I donate quite a bit to charity and the number one message I'm getting from donation requests is people working multiple jobs and still requiring food assistance.

And this isn't a USA only phenomenon. Food bank visits in Great Britain and Canada have absolutely skyrocketed and not come down since the pandemic. Often the narrative is "despite low rates of unemployment".

Canada up 78% from 2019. Up 32% from two years ago.

The British economy actually is bad, though. The U.S. is a different country, and by all measures (not just GDP) that people look at to measure the health of the economy, it's as strong as it's ever been. Also, job satisfaction in America has been polled on since 1987, and the current level is the highest ever recorded. Real wages are near the all-time high (higher than at any time before the pandemic, which skewed the numbers up).

I think some people have a misconception because the media has been pushing a lot of gloom and doom on the economy (and generally, the media always pushes gloom and doom). And Republicans specifically tend to assess the state of the economy solely on the basis of whether the president is a Republican (while a lot of leftists assess it as very negative regardless of what is happening in the real world).

 

[Limeade]

So you didn’t actually spend time in SF

No true Scotsman fallacy right?

I was in San Francisco.

But not the REAL San Francisco.

What neighborhoods did you like in San Francisco? Would Inner Richmond be a nice part of town? Looks like you can get a studio for $2,000

 

[James Eagle]

No true Scotsman fallacy right?

I was in San Francisco.

But not the REAL San Francisco.

What neighborhoods did you like in San Francisco? Would Inner Richmond be a nice part of town? Looks like you can get a studio for $2,000

My sister has been a cop in SF for 34 years. It’s, well, a shame what has happened to the city.

 

[Unknown Pleasures]

The British economy actually is bad, though. The U.S. is a different country, and by all measures (not just GDP) that people look at to measure the health of the economy, it's as strong as it's ever been. Also, job satisfaction in America has been polled on since 1987, and the current level is the highest ever recorded. Real wages are near the all-time high (higher than at any time before the pandemic, which skewed the numbers up).

I think some people have a misconception because the media has been pushing a lot of gloom and doom on the economy (and generally, the media always pushes gloom and doom). And Republicans specifically tend to assess the state of the economy solely on the basis of whether the president is a Republican (while a lot of leftists assess it as very negative regardless of what is happening in the real world).

That sounds encouraging. I have no idea where any of these people are unfortunately.

 

[Jack V Savage]

That sounds encouraging. I have no idea where any of these people are unfortunately.

What people?