US real incomes saw a 0.2% drop in September, a continuation from August's 0.1% decline. The average weekly paycheck is now $379.04. AND: these are gov cpi data... the situation is much worse. Bidenomics in full (down)swing.
92 sats \ 2 replies \ @kepford 12 Oct 2023
Heard a report the other day from Walmart and a fake food company saying people have reduced their spending on food specifically. Thats pretty wild for the US. Inverted yield curve is pretty wild too.
I haven't researched this myself but Ive heard the only real reason we haven't seen huge unemployment is because we have so many boomers dropping out of the workforce. We also have a shortage of housing which is keeping demand higher than it would be otherwise. If you look at history its just a matter of when not if we hit some rough times.
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10 sats \ 1 reply \ @Undisciplined 12 Oct 2023
Transaction volume in housing has slowed greatly. Two years ago, sellers were accepting offers within a week of listing. Now, those same houses are sitting on the market for months. That means the real price of housing has fallen, but sellers haven't been willing to take the lower price yet.
I've also heard one of the factors offsetting rising unemployment numbers is an increase in the the number of second jobs many people have taken. They count jobs not employed persons.
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92 sats \ 0 replies \ @kepford 12 Oct 2023
Interesting. Thanks for sharing. The increase in home loan interest rates has to be a key factor in housing sales both new and otherwise. Heard some crazy numbers on the increase in cost of buying a home from just a year ago. I can't recall the numbers but it was pretty shocking. The even more shocking thing was that if new housing starts did increase the supply chain could not keep up and prices would go even higher. Pretty complex stuff.
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30 sats \ 4 replies \ @kepford 12 Oct 2023
Honestly I don't know anyone that thinks things are going well. I see many anecdotal things in my community that signal people are struggling more than last year and even more are preparing for things to get worse.
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10 sats \ 3 replies \ @TomK OP 12 Oct 2023
Imagine what happens when the media narrative of 'anything is fine' collapses.
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0 sats \ 1 reply \ @kepford 12 Oct 2023
It will collapse for sure though. A lie can not persist forever.
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10 sats \ 0 replies \ @TomK OP 12 Oct 2023
Will be fireworks
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0 sats \ 0 replies \ @kepford 12 Oct 2023
Well, if team R takes charge that will happen for sure.
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0 sats \ 8 replies \ @DiracDelta 12 Oct 2023
What do you mean real?
Why do you trust government numbers?
I run the actual numbers, and it's really really ridiculously good to be an American in 2023, all things considered.
But keep your memes.
https://civilizationmetrics.org
Oh, also, 1971 F-150 made 140 horsepower. The base F-150 today makes 290 horsepower. Incredible!
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0 sats \ 7 replies \ @TomK OP 12 Oct 2023
Good night, friend.
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0 sats \ 3 replies \ @DiracDelta 12 Oct 2023
and guess what, bitcoin doesn't need your memes, it is going to win regardless
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0 sats \ 2 replies \ @TomK OP 12 Oct 2023
What memes? Are You drunk?
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0 sats \ 1 reply \ @DiracDelta 13 Oct 2023
Your life. You are a meme.
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0 sats \ 0 replies \ @TomK OP 13 Oct 2023
Ok You were drunk. I forgive You. People normally talk bs when they are drunk or retarded. And what I read You clearly are not an idiot. So it's either the alc or You're missing basics of education. If You like to communicate with me: please choose a way as if we were in real life in the same room.
Greets and peace
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0 sats \ 2 replies \ @DiracDelta 12 Oct 2023
Year to date wheat prices are down 26%. If you like posting bullshit numbers for political memes, you should love fiat money and big government! https://www.google.com/search?client=firefox-b-1-d&q=wheat+commodity+prices
Decide whether you value memes, or truth and precise measurement -- this is the entire point of bitcoin, that you can have a PRECISE MEASURE
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0 sats \ 1 reply \ @TomK OP 12 Oct 2023
How old are You? Ask mommy for a warm milk at leave me alone, ok?
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0 sats \ 0 replies \ @DiracDelta 13 Oct 2023
Milk, lol, you probably do eat fiat food. Old enough to know my times tables, something you obviously never learned.
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