General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsgood economy fact or fiction?
I think the economy is getting bad. Stores closing every day gas prices spiking
car sales way down. I am a business owner and I am not buying it.
applegrove
(118,677 posts)rising wages but with anti union activity, globalism and automation wages are not rising. Wages not rising means inflation is not rising. So booms can go on longer. But booms for who is the question.
sandensea
(21,636 posts)Most of it from Cheeto and the GOPee, sure.
But another factor behind the hype is Wall Street.
They're happy with Cheeto's laissez-faire-for-us-police-state-for-the rabble approach, and for them cajoling Big Media into spinning things their way is almost second nature.
The reality on the economy, as you pointed out, is a lot more nuanced.
uponit7771
(90,346 posts)... for next two weeks should show a triple top (a high hit 3 times) and a run past that high around 5% if its going to go up.
The last 2 times that run up failed and the DOW "adjusted" ... yes, twice in less than 10 years ... "adjusted" my ass.
These bastards
anarch
(6,535 posts)it probably feels pretty good right now if you're a big-time corporation, or a stock market investor.
If you're a small business owner or one or the other of 1) a participant in the "gig economy" model or 2) an average exploited worker who is busting ass harder than ever and yet struggling to keep up with debt, etc., then you may have a different perspective.
Vinca
(50,273 posts)his words and deregulation. He tweets negatively about a company and their stock plummets. Fat cats buy. Then Don "revises" his previous statement. Stock goes up. Rinse and repeat.