lib media is going to be pushing a lot of this type of naked propaganda now that the election cycle is under way
People are more convinced that inflation will keep falling, and their outlook on their personal finances has also improved.
The rate of inflation fell ever so slightly, my ‘outlook’ on personal finances is still “work my body and joints to dust until 5 years before biological death” but hey, I can maybe retire to a lavish life of discount bulk pet food and a cardboard box apartment paid for with 70% of my Social Security income like 2 days earlier than previous, now. Pop the fucking corks!
The job market remains strong
Strong for who? Strong for fucking who? Try getting literally any god damn job as a blue collar these days. Nightmare mode if you have psychological issues. Just fucking try and you will see how swell it is. That one blissful year or so of companies hiring any warm body off the street during and immediately after the COVID19 outbreak is over, the ‘getting a job’ process has been back to business as usual for over two years now.
Plus massive layoffs in tech sector, UPS, etc etc. yeah the ‘job market’ is great, if you consider people on min wage with 2 hours a week pay actually ‘employed’
I was just reading that story before I typed that, like yeah 50k more workers getting thrown like dirt to the wind, and that’s just the planned layoffs reported thus far, because a gagglefuck of capitalist shitheads on Wall Street and their oracles are throwing tantrums about interest rates or whatever and the quarterly projections may not support the usual infinite growth on the workers’ backs this year. In other words, it’s been about 5-8 years so the working class is due for another squeeze in the ol’ vice as per usual with capitalism.
I’ve been seeing what must be the effects of this crap in the job listings for my area. It’s the most discouraging I’ve seen since like 2009. College degree or not, there’s little to choose from and the competition for the scraps is undoubtedly high once again. What’s also fun is I really don’t want the job I have now but if I quit I am completely fucked and would be getting a much lower wage even if I did find something else.
Being unable to quit is the capitalists dream employee.
Next to ‘undocumented’ workers that is…
Oh yeah, barring actual slavery like our Wonderful private prisons ‘employ’
look at this article and her other articles. She was real with people, but she left Vox this year and she didn’t publish that many articles in thestreet before she left. Look at the list of these articles. https://www.vox.com/22946366/the-big-squeeze
article on her leaving: https://talkingbiznews.com/media-news/vox-senior-correspondent-stewart-departs/
All of her articles from thestreet are on the same day. https://www.thestreet.com/author/emily-stewart
She either has to get a paycheck from a paper but she can’t criticize capitalism because her editors will fire her. So she shit this crap out and this is the crap that gets published.
I’m getting the impression this article is a test if the editor will actually publish this crap. That’s where we are at now.
As a proud citizen of 'Merica can confirm, I’m PUMPED!
You going to the block party to celebrate the end of the vibecession!? I heard there is going to be eggs!
This is the best summary I could come up with:
Listen, I’m not saying that all the good vibes Americans are suddenly feeling about the economy boil down to stocks, gas prices, and eggs.
The job market remains strong, inflation is coming down, consumer spending is solid, GDP growth continues, etc.
What improved America’s economic vibes was basically three things: the soaring stock market, falling gas prices, and eggs.
Even for people who aren’t investors — though, contrary to popular belief, most Americans hold stocks — good market news tends to be a mood booster across the board.
A woo-hoo out of Wall Street is a smidge contagious, thanks to the wealth effect and the number of positive headlines soaring stocks generate.
As Jordan Weissmann at Semafor notes, the Federal Reserve Bank of San Francisco’s index that tracks economic-news sentiment — the vibes generated by media coverage of the economy — started to tick up around the same time the stock market did last fall.
The original article contains 930 words, the summary contains 155 words. Saved 83%. I’m a bot and I’m open source!
