will be financially worse-off 
than they were pre-pandemic by mid-2024, JPMorgan says
https://finance.yahoo.com/news/99-americans-financially-worse-off-005110689.html
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Live commit: dc7e3a9
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What a fricking disaster of an administration.
And leftoids are forced to defend it all every single time lmao.
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Most popular president in the world, r-slur.
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I watched that video, the one where the 14 kids are chained up in their home. It amazed me how brave the kid was who escaped and got to the police. It must have been terrifying for her. The parents were fricking c*nts, that's for sure.
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Would you believe I know them?
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Wait what? Context?
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Bidenomics.
The real threat to democracy is whiny bitches complaining about their money
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Bidenomics in action.
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If you look at these 3 aspects of the economy though you can see that it's better than ever
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looking forward to another recession when people stop consoooming as much!
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Does it count as another if we're still in the current one?
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Recessions don't actually exist it's just a lie made up by big finance to sell more foreclosures
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I don't get it.
How are 99% Americans worse off when GDP per capita is higher next year than ever before?
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They are saying Americans have less money in their bank accounts than the time the government gave everyone a bunch of gibs.
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but the article clearly states that they're comparing w/ 2019, which was before any COVID relief occurred.
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The graph doesn't though, the rest of article gives no actual numbers. They just are saying there are signs that there might be more credit card and auto loan delinquencies which makes sense with increased interest rates.
Poor people are earning more than ever, which is why people are complaining so much now about shit like McDonald's prices. When you have to pay every McWagie
$15/hr + benefits shit is going to cost more.
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But that chart is income not savings?
anyways poor people are poor because they suck at handling money so poor people earning more money isn't actually going to result in better financial outcomes for them
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its always gibs season for the bl4ck community
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Because of inflation right?. Because the GDP per capita needs to be higher than the inflation. Say GDP grew 5% but inflation is up by 10%. Still 5% loss in buying power.
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Why not just order more products from a poorer country where the US dollar has an even better value now than 5 years ago?
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Abandon protectionist policies in the US? Congress and Biden says lol no. The the green energy shit Biden was pushing was filled to the brim with protectionist policies.
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I think the US should open a free market with Canada and Mexico.
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Aren't the US protectionist policies fricking them over at this point?
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Immensely. However like all protectionist policies it just there for rent seeking purposes.
Just look at the Jones Act. It's legislation that is fricking over the US big time and congress even suspends it now and then instead of just removing it.
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The US has a simple rule.
They want the economy to grow at 2% and retain control.
Only loosen control if gdp growth get stuck below 2%
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something something trickle down economics
!slots1000
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GDP counts paying for debt for some god awful reason lol
So if someone runs up their credit card and is now paying $500 monthly in the interest alone, that counts towards GDP
Interest rates, if they didn't cool spending and existed in a bubble, actually increase GDP themselves because the cost to service debt increased. All those higher interest mortgages make GDP look great, while obfuscating the fact that more people are debt poor than they were at the lower GDP previously
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So your country and it's rich is richer and your poor people are poorer.
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100%
Better to be on the correct side of the debt equation by owning short term money market funds or buying bonds now (people who bought them 2 years ago are fricked). Going to be a looooong decade for people and companies that relied on financing with variable rate debt or were just getting by before 2020
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I don't understand anything you just said but you said it confidently like you know what you are talking about so I believe you.
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Someone page Andrew Gelman please. What they mean is that the 99th percentile American will be worse-off, but that is a very, very different claim than saying that "99% of Americans will be worse off". If you can't understand the difference, you shouldn't be writing finance articles. (Hint: One statistic looks at a fixed population, the other does not.)
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1% chads stay winning
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thats awesome
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Snapshots:
ghostarchive.org
archive.org
archive.ph (click to archive)
ghostarchive.org
archive.org
archive.ph (click to archive)
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