THE ECONOMY IS IN TROUBLE! This is How We Know...

The FED's preferred method of measuring inflation is PCE. The most recent reading for the August figures is actually heading up. In July it was 2.6% year over year and now in August it's 2.7% year over year. And somehow the Fed thinks that cutting interest rates now is the right decision. I think we'll end up seeing within the next year that this is a very bad move and we have major consequences for our economy.

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[MichaelBordenaro]

These Places ARE ON THEIR LAST FINANCIAL LEG... These Places ARE ON THEIR LAST FINANCIAL LEG...

[RossiPopa]

Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic concerns, and I’m uncertain about my $130K investment strategy considering the possibility of not just a recession but even a depression.

[Mathew-zsnz]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[BV-Auto]

It amazes me how ANYONE can go the grocery store, see the prices and still believe the media...

[corbinb]

The port strike is going to obliterate all the numbers.

[Olivia-zc]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[annaj.osorio]

The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue . despite the severe bear market, I am aware of certain investors that continue to earn over $365, 000. How can i go about that ?

[sycamore]

I don’t need a gauge to know inflation is out of control.
When my income doesn’t purchase the essential items we all need to survive.
Then something is wrong.

[mikem]

After the November elections.. the REAL SHIT WILL HIT.

[daveblackman]

Of course they’re lying. Gotta make things look great for November. Prices and costs says otherwise.

[natelie]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[JhanaLore]

This place is getting old and fast. It's sad watching what is happening. It's a slow death. It's a crawl through outer space. It's a lot of things, but it isn't pretty, and they'll keep on lying, so don't be surprised. Nobody is honest anymore.

[mikehunt]

Go out and talk to normal people, they are getting burned out with out of control prices and everyone has been made poorer in the last few years.

[michaeltucker]

Insurance rates on everything has gone up dramatically…house, car, health…this must not be counted in this PCE?

[stevew]

Who are you going to believe, the government or your paycheck?

[moppman]

Yeah, we shouldn't count food and energy in inflation, how many people need those things ? 😜

[lidam]

Prices will continue to rise in the coming year, and nothing will change if we keep electing candidates from the two main parties.

[puravida]

What does it say about a country, when it manulipates and lies the CPI numbers lower. So, senior citizens and disabled veterans receive a lower annual COLA, and live in poverty.

[AbcDef-iqno]

Inflation is at two percent? Give me a break. Beam me up Scotty. Grocery prices (which are not included in the useless CPI) have doubled and tripled since 2020. This means that grocery prices have gone up 100% to 200% for the average American during the last four years.This is in addition to most homeowners' home insurance going up 30% to 50% in the last two years and most Americans' electric bills going up by the same percentages. (Home insurance and energy costs like electric bills are also conveniently left out of the always useless CPI).

[skffingtonai]

With the recent Hurricane Helene, I just watched a video of an EV in some guy's garage spontaneously combust and burn down his house. EV batteries don't play nice with salt water. Charging wait and charging time: What am I supposed to do, quit my job so I can charge my car? No. Stuff an EV. More government 'cart before the horse' boondoggles.