Yep. I get pilloried on this regularly but I maintain this was a media-induced vibesession starting from earlier this year. I make a middle class salary and do most of the grocery-shopping for my family . . . .prices for me clearly fell over the past year. And like most Americans my income rose from pre-Covid times. This is seen in consu…
Yep. I get pilloried on this regularly but I maintain this was a media-induced vibesession starting from earlier this year. I make a middle class salary and do most of the grocery-shopping for my family . . . .prices for me clearly fell over the past year. And like most Americans my income rose from pre-Covid times. This is seen in consumer spending-Americans are spending on vacations, dining out, entertainment more than they were in Trump's economy. If Americans were struggling so much from inflation a la 1977 you'd see it reflected in decreases in consumer spending, and that never happened even at post-Covid inflation's peak. Yes there were persistent price spikes for renters/those who took out big loans over the past two years, but that's far from a majority of the electorate.
It was a vibecession, but I dont know that it was entirely media caused. The reality is that prices did spike, dramatically, and while some good came down, alot of it didnt, and nothing that I know of has gone back down to 2019 levels - maybe gas in some places?
Yep. I get pilloried on this regularly but I maintain this was a media-induced vibesession starting from earlier this year. I make a middle class salary and do most of the grocery-shopping for my family . . . .prices for me clearly fell over the past year. And like most Americans my income rose from pre-Covid times. This is seen in consumer spending-Americans are spending on vacations, dining out, entertainment more than they were in Trump's economy. If Americans were struggling so much from inflation a la 1977 you'd see it reflected in decreases in consumer spending, and that never happened even at post-Covid inflation's peak. Yes there were persistent price spikes for renters/those who took out big loans over the past two years, but that's far from a majority of the electorate.
It was a vibecession, but I dont know that it was entirely media caused. The reality is that prices did spike, dramatically, and while some good came down, alot of it didnt, and nothing that I know of has gone back down to 2019 levels - maybe gas in some places?