Best economy evah. Unemployment at an all-time low. Stock market at an all-time high. The Fed’s “Not QE” money printing is on hyper-speed – increasing their balance sheet faster than at the height of the financial crisis. These three charts don’t matter. Right?
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These charts only matter to people smart enough to understand their unstated meaning.
The vast majority of the population will never see them and even if they did stumble across them wouldn’t know how to connect the dots.
US education at its finest.
I showed a guy at work and he said he had an easy explanation on the declining auto sales and registrations.
He said because people aren’t registering their vehicles. I then told him that was the dumbest fucking thing I’ve ever heard and then the 57 year old video gamer said that’s why he doesn’t like to share opinions with me. I then said well keep your stupid opinions to yourself and get the fuck out of my office.
I told my boss about exchange with NPC gamer guy and he laughed, but he actually didn’t laugh at the charts this time.
Carry on. ..
When I show these to people or my boss they just laugh at me. The Con fidence must go on.
Carry on. ..
Just borrow a page from the Democrat Voter Registration Drives, sell more cars to dead people.
We demand subsidized car loans for refugees and illegal immigrants! How’s that for a failsafe bipartisan bill?
Lessee, vehicle demand is down because people are so concerned about fossil fuels and are taking mass transit and bicycles. And people are delinquent on their car loans because they have to pay so much more for health care, which is why we need socialized medicine. And the Fed balance sheet is rising because the Fed loves Trump and is trying to avoid an economic slowdown during his illegal Presidency.
Don’t underestimate the Power of Rationalized Thinking.
Careful with posting facts there Admin or someone might accuse you of being a Hillary voter. LOL.
Yeah …. but at least Trump isn’t Hillary …. (do I need to label this as sarcasm?)
When many pickup truck prices pushing $85,000, is it any wonder why the bottom is dropping out of vehicle sales. It seems that the only people around here buying them are retirees old enough to have a defined pension. They seem to especially love cuck trucks- 4 door pickup trucks with 4 foot beds.
Coal.
That’s the best answer in my opinion. And how much of that is pollution control. I know some youngsters who paid about 20 for a new glorified sewing machine with tires. Uncovered breakdowns occur and the can’t pay the payments and repairs both.
It used to be that I could get a read on how a local economy was doing by the price of used cars.
If the price was high jobs were scarce because people were unable to commit to a new one. Now they ship a lot of them overseas so the picture is distorted.
https://www.theblaze.com/news/identities-of-400-americans-stolen-and-used-by-illegal-immigrants-arrested-in-mississippi-ice-raids
The Memphrica TV stations covered this story and only reported on the poor children left without parents with these dastardly raids. They never mentioned the stolen identities.
I have had my identity stolen and it is a pain in the ass to clear it all up.
A couple Ozzie mates of mine that love Trump were recently quoting his achievements, like “record unemployment” and “manufacturing jobs up”.
They stared at me with mouths agape when I called bullshit. I told them if unemployment is so great, just how is it that workforce participation rates are still below those of 2012. What is “participation rate” they asked, and I explained. Their eyes bugged out.
Re manufacturing employment, I asked them if manufacturing jobs have come back, why are there now fewer manufacturing jobs as a percentage of total jobs than there were 3 years ago. Mouths agape again. I explained to them that manufacturing job growth has not even kept up with GDP growth, much less surpassed it, and that any growth in total manufacturing jobs was related to GDP growth, but the fact that manufacturing jobs are growing more slowly that GDP means that manufacturing employment as a percentage of total employment will continue to fall. Their mouths hung open at this revelation.
I told them that manufacturing may be brought back, but there will be no jobs. The jobs that left left because of this basic equation: the cost of automation plus taxes and other misc expenses in the US were greater than the cost of labor plus taxes plus other misc expenses in other nations. Taxes have been cut, plus trade war, etc., so the equation is now more balanced. So companies will now automate manufacturing and return it to the US, or keep it here. But the cost of labor in the US means there will be few or no jobs brought back, just the manufacturing.
Even smart people, which my mates are, are often totally ignorant.
The unemployment number is a totally made up number and is based on a “survey” by DoL. The number to look at is the number of people actually employed. It is verifiable through IRS employer filings, however does not cover the underground economy. This number, too, can be made up to fit the story.
What I go by is the number of Help Wanted signs I see up and the number of places who are understaffed and looking for help.