Economics

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Consumer sentiment edges higher as economic growth accelerates and inflation fades (www.pbs.org)

submitted 10 months ago by MicroWave to c/economics

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[–] littlebluespark -2 points 10 months ago* (last edited 10 months ago) (1 children)

The economic climate they're pointing to is directly tied to the fucking stock market — that rigged game that the vast majority cannot afford to even wager on, much less influence. Those metrics are "ancient and trusted" by the same groups that benefit from insinuating "forecasted" trends of consumers.

Of course, the stock market is up! We're funding two fucking wars, child. 🤦🏼‍♂️ You know what else is up? Houselessness, housing prices, cost of living, and laborer dissent, and sweeping fucking layoffs — to name just a handful of essential metrics absent in this claim above.

You wanna swallow whatever half-truth they're perpetuating, be my guest, but don't drag anyone else down with you when they instead deserve the chance to DTOR. 🤌🏼

[–] rdyoung 1 points 10 months ago* (last edited 10 months ago)

Your first sentence tells me how little you actually understand this. The consumer price index literally has nothing to do with the stock market. The fact that you got stock market out of this assuming you actually read it completely destroys any reason for me to further this conversation.

Here is the CPI https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-

Do yourself a favor and look through the list going back to the early 1900s. This literally has nothing to do with the stock market.

You have a nice day now.