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Post by meateater on Jul 31, 2024 10:38:26 GMT -5
The stock market is the killing fields. The Haves cheer the inflation induced stock market and housing market while the Havenots suffer an ever widening wealth gap... all created by the FED. Congratulations on your success. What a bunch of BS. do you honestly believe the majority of middle class and lower working americans arent struggling, at least feeling the pinch from the overall economy. honest answer please no blinded by trump hate or white guilt answer.
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Post by olmucky on Jul 31, 2024 11:00:01 GMT -5
do you honestly believe the majority of middle class and lower working americans arent struggling, at least feeling the pinch from the overall economy. honest answer please no blinded by trump hate or white guilt answer. I’m not in the baller group like the know all things experts we have on here but I can tell you unequivocally I don’t know anyone who isn’t feeling the pinch or who doesn’t comment how bad things have gotten. But the news told me yesterday how good I’m doing. So I guess we’re all wrong.
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Post by deepdropper on Jul 31, 2024 11:00:53 GMT -5
Can anyone name a time when the middle and lower weren't feeling the pinch or struggling in any economy?
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Post by luapnor on Jul 31, 2024 11:09:09 GMT -5
Can anyone name a time when the middle and lower weren't feeling the pinch or struggling in any economy? Missed the point... but continue with thinking GovCo is the answer when anyone with a brain can see that GovCo creates most of our "crises".
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Post by richm on Jul 31, 2024 11:11:29 GMT -5
$60 grocery bills are now $100+ $5-$10 lunches are now $20 $40-$50 restaraunt trips are now $100+
Locked in w a low mtg but monthly paymeny just jumped $200/month cause of insurance.
Things are tough for folks who have had their rents go up couple hundred per year for last couple years. It isnt easy to stretch a dollar.
Flip side: work is very busy. So that means my company’s folks are gainfully employed.
I just keep thinking of Jimmy Carter and what we lived thru back then. Figures Joe would be a repeat of Jimmy.
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Post by luapnor on Jul 31, 2024 11:20:45 GMT -5
$60 grocery bills are now $100+ $5-$10 lunches are now $20 $40-$50 restaraunt trips are now $100+ Locked in w a low mtg but monthly paymeny just jumped $200/month cause of insurance.Things are tough for folks who have had their rents go up couple hundred per year for last couple years. It isnt easy to stretch a dollar. Flip side: work is very busy. So that means my company’s folks are gainfully employed. I just keep thinking of Jimmy Carter and what we lived thru back then. Figures Joe would be a repeat of Jimmy. Not to mention much higher property taxes to match that wonderful new home valuation that you cant exploit. People over extended and bought homes because interest rates were low and now they are going to get pounded with bigger and bigger monthly payments... and if they are on an HOA, inflation is going to jack that up.
This is going to worse that the 70's
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Post by ferris1248 on Jul 31, 2024 11:21:54 GMT -5
do you honestly believe the majority of middle class and lower working americans arent struggling, at least feeling the pinch from the overall economy. honest answer please no blinded by trump hate or white guilt answer. First off, I don't hate Trump. I just don't want his brand of governance in office. And I certainly have no "white guilt". I was dealt the hand I've played from the get go. I had no choice in it. I just played it. Lower class Americans can either pull themselves up (like a lot of Americans) or live as they are. Middle class Americans are surviving nicely. Living much better as middle class then we did as middle class. Are they feeling the "pinch". Of course they are. It doesn't hurt someone if instead of buying Oreos from Publix, they bake some oatmeal cookies at home. You know something? Growing up, you are a lot better having no where to go but up than having no where to go but down. There is still a place for hard working Americans to improve their lot. This too will pass. Wages were way overdue for a correction and prices went up during covid. A confluence that created where we are. Demand is dropping and prices are adjusting. I tend to look at more macro than micro.
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Post by richm on Jul 31, 2024 11:42:40 GMT -5
Those at the bottom are being taught that they are victims. Not much drive.
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Post by garycoleco on Jul 31, 2024 12:03:07 GMT -5
The Uber wealthy kill it when they can convince poors that the market is strong. Then when they want to win again they pop the balloon and ride shorts to the ground. All are naked bets. They have no skin in the game and computers make the trades Yet so many don't want their Uber wealthy overloads to pay their fucking taxes. I've never met anyone who opposed taxes. I've met thousands who hate they way the money is spent
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Post by deepdropper on Jul 31, 2024 12:04:37 GMT -5
9 out of the 10 poorest states are Red states. Who is teaching this victims lesson you speak of?
buh muh GovCo?
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Post by garycoleco on Jul 31, 2024 12:04:37 GMT -5
$60 grocery bills are now $100+ $5-$10 lunches are now $20 $40-$50 restaraunt trips are now $100+ Locked in w a low mtg but monthly paymeny just jumped $200/month cause of insurance. Things are tough for folks who have had their rents go up couple hundred per year for last couple years. It isnt easy to stretch a dollar. Flip side: work is very busy. So that means my company’s folks are gainfully employed. I just keep thinking of Jimmy Carter and what we lived thru back then. Figures Joe would be a repeat of Jimmy. "Bullshit" Ferris....
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Post by toldya on Jul 31, 2024 12:16:18 GMT -5
do you honestly believe the majority of middle class and lower working americans arent struggling, at least feeling the pinch from the overall economy. honest answer please no blinded by trump hate or white guilt answer. First off, I don't hate Trump. I just don't want his brand of governance in office. And I certainly have no "white guilt". I was dealt the hand I've played from the get go. I had no choice in it. I just played it. Lower class Americans can either pull themselves up (like a lot of Americans) or live as they are. Middle class Americans are surviving nicely. Living much better as middle class then we did as middle class. Are they feeling the "pinch". Of course they are. It doesn't hurt someone if instead of buying Oreos from Publix, they bake some oatmeal cookies at home. You know something? Growing up, you are a lot better having no where to go but up than having no where to go but down. There is still a place for hard working Americans to improve their lot. This too will pass. Wages were way overdue for a correction and prices went up during covid. A confluence that created where we are. Demand is dropping and prices are adjusting. I tend to look at more macro than micro. I think a lot of people could certainly trim their expenses, but some they can't. They can buy different food, but food prices are high in part due to government hand-outs . I doubt many food stores would survive today without them. If they rent ,don't look for those prices to come down while the government is paying top dollar through HUD . Medical insurance, probably the same. It pays to stay at the low end unless something fairly lucrative comes along to replace what one would lose. This stuff won't pass unless someone does something about it . That is hard to do without being called racist or uncaring. Inflation isn't a problem for people living off the government. Not a problem for the wealthy . Which way is that middle class headed ?
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Post by cadman on Jul 31, 2024 13:14:07 GMT -5
The stock market is the killing fields. The Haves cheer the inflation induced stock market and housing market while the Havenots suffer an ever widening wealth gap... all created by the FED. Congratulations on your success. What a bunch of BS. What would you expect from him?
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Post by richm on Jul 31, 2024 13:38:59 GMT -5
What would you expect from him? Anyone with 401k is in the stock market.
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Post by ferris1248 on Jul 31, 2024 13:43:09 GMT -5
$60 grocery bills are now $100+ $5-$10 lunches are now $20 $40-$50 restaraunt trips are now $100+ Locked in w a low mtg but monthly paymeny just jumped $200/month cause of insurance. Things are tough for folks who have had their rents go up couple hundred per year for last couple years. It isnt easy to stretch a dollar. Flip side: work is very busy. So that means my company’s folks are gainfully employed. I just keep thinking of Jimmy Carter and what we lived thru back then. Figures Joe would be a repeat of Jimmy. "Bullshit" Ferris.... Damn! I got a bullshit off a "richm" post. 🙂
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