this post was submitted on 09 Jun 2024
458 points (98.9% liked)

World News

39416 readers
3218 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

"Emmanuel Macron, the French president, has announced that he is dissolving the national assembly, and calling for legislative elections on June 30 and July 7.

The French president said that he can’t pretend nothing has happened, that the outcome of the EU election is not good for his government and that the rise of nationalists is a danger for France and Europe."

you are viewing a single comment's thread
view the rest of the comments
[–] Bye 3 points 6 months ago (1 children)

No. In the US at least, wages are up for blue collar work, and that’s where the economy was most vulnerable. Inflation has been bad but it’s coming back under control and wages can outpace it in the next couple years, median wage growth already has (yes I have a hard time believing this too, but that’s the numbers).

The last financial crisis had a flagrant cause in default-prone loans. There isn’t such a problem right now.

The largest crisis we are running into is a crisis of propaganda, where people are being told “everything is terrible” when in fact the numbers show that everything is pretty great… except for white collar tech workers (me!).

I think the tech market will rebound the second that the fed lowers rates again, because tech is fundamentally capital intensive and speculative. So you need cheap money to fuel tech. Video games deflated/corrected a bit but that’s fine, those people can work on other things.

[–] CaptainSpaceman 4 points 6 months ago

Ridiculous assessment.

Everyone is being told its all fine, but the insane CPI massaging has gotten beyond out of hand. There are very little gains for the proletariat masses RN, mostly losses.