US Economy thread

[The Sultan]

Right. Maybe people are doing great but just think they're doing poorly. Just their imagination.

Never said that.

[Goose]

Fluff

I am happy to see you could straighten Lenny out with that hard hitting post at 1am. Hopefully you were able to get some rest after sending it. I hope Lenny knows you mean business and you are ready to correct him 24/7.

[The Sultan]

Fluff

I am happy to see you could straighten Lenny out with that hard hitting post at 1am. Hopefully you were able to get some rest after sending it. I hope Lenny knows you mean business and you are ready to correct him 24/7.

You should tell your friend to stop lying.

[TSmith34, Inc.]

In reading this thread I am surprised on the backlash for Herman. I have never met Herman, but his business insight has been outstanding over the years. He has provided big picture insight based off of his remarkable career and I have found it to be the best on scoop. In addition, his dedication to MU is obvious and I am thankful that he takes time to post on scoop. I am sure he has far bigger things in his business life to do over posting on scoop.

#thanksherman

LOL. Yes, sometimes he forgoes his lunches with Jamie Dimon in order to post more links from the NY Post, that's how much he loves MU.

[Goose]

Fluff

I do not believe my friend said that you were saying that. He offered up a comment, but I am sure you are right.

[Jockey]

This discussion is the same as the one on guns. Rs don't want laws because they won't stop every shooting.

Lenny and Rs don't like one of the best economies in history because it hasn't helped every single person.

WPW - white people whining.

[Lennys Tap]

This discussion is the same as the one on guns. Rs don't want laws because they won't stop every shooting.

Lenny and Rs don't like one of the best economies in history because it hasn't helped every single person.

WPW - white people whining.

Jockey

Personally, I don't mind the economy even a little. Things have worked out better than I could have hoped and I'm grateful.

However, when 67% of the country thinks otherwise I think you're being myopic to attribute the dissatisfaction to white people whining.

[Pakuni]

Jockey

Personally, I don't mind the economy even a little. Things have worked out better than I could have hoped and I'm grateful.

However, when 67% of the country thinks otherwise I think you're being myopic to attribute the dissatisfaction to white people whining.

I was told facts aren't supposed to care about feelings. Is that no longer the mantra?

[Lennys Tap]

I was told facts aren't supposed to care about feelings. Is that no longer the mantra?

The feelings aren't without facts behind them. Mortgage rates are have almost tripled, home prices and rents are through the roof, gas at the pump has doubled and a McDonald's meal that cost $6 a few years ago now costs around $15. And our debt has soared. Etc., etc., etc.

You and the administration may dismiss all of this (and more) and claim that all is seashells and balloons re the economy but the vast majority of the people are calling BS. They trust themselves to judge whether they're better off now than they were BJ (Before Joe). You evidently don't think average Americans are capable of making that determination. I disagree with you.

[The Sultan]

Objectively more people are employed and are making more money even when inflation is taken into consideration than in November of 2020.

I think the subjective feelings around prices are impacting people more than the feelings around income.

[Lennys Tap]

Objectively more people are employed and are making more money even when inflation is taken into consideration than in November of 2020.

I think the subjective feelings around prices are impacting people more than the feelings around income.

Objectively the economy was pretty much shut down in November of 2020.

I think that makes whatever point you were trying to make meaningless.

[Pakuni]

The feelings aren't without facts behind them. Mortgage rates are have almost tripled, home prices and rents are through the roof, gas at the pump has doubled and a McDonald's meal that cost $6 a few years ago now costs around $15. And our debt has soared. Etc., etc., etc.

Cherry picking data is no way to give an accurate picture of the economy, Lenny.

1. This is true.
2. Median home prices have fallen about 12.5% the past two years.
3. Median rents also are down over the past two years.
4. Gas prices have only doubled when you compare it to the lows of the pandemic, which is an interesting point for you to choose given your earlier response to Fluffy (guess your point is meaningless, huh?). And a period, as we all know, of great economic prosperity. (Food for thought ... maybe gas prices aren't an indicator of economic splendor). They were $2.80 a gallon in April 2019; $3.60 in April 2024.
5. No, the price of a McDonald's meal hasn't grown 150% in the past few years.
6. Debt is virtually meaningless as an economic indicator. But given your concern, do you agree that the way to address the national debt is the only way it's been done successfully for 50+ years?

You and the administration may dismiss all of this (and more) and claim that all is seashells and balloons re the economy but the vast majority of the people are calling BS. They trust themselves to judge whether they're better off now than they were BJ (Before Joe). You evidently don't think average Americans are capable of making that determination. I disagree with you.

Lenny, hero of the common man.
Sorry, I stick to facts and data.

[The Sultan]

Objectively the economy was pretty much shut down in November of 2020.

I think that makes whatever point you were trying to make meaningless.

Oh.

[jesmu84]

https://www.newsweek.com/richest-americans-pay-less-tax-working-class-1897047

Richest Americans Now Pay Less Tax* Than Working Class in Historical First

*As percentage of income

[rocky_warrior]

I love you Lenny.  Maybe a top 10 scoop guy.   But a retired CBOE guy portraying a "man of the people" these days just doesn't play.

Glad you've got the time now to post here more 🙂

[4everwarriors]

Where do I rank, kin, hey?

[rocky_warrior]

Where do I rank, kin, hey?

A chance at the table. In today.  Tbd

[Goose]

Rocky

We seldom agree but Lenny is a top ten scoop guy. To be honest, I give you credit for acknowledging that Lenny is a big part of scoop.

[Goose]

4ever

Sadly for most on scoop, but if not for you, I  would never be here. I probably bring your rating down. IMO, you and Lenny have set the bar of excellence on scoop.

[4everwarriors]

Goose, you're too kind. Oh, your check is in da mail, hey?

[Goose]

4ever,

Fxxk the check, keep pissing people off.

[Lennys Tap]

I love you Lenny.  Maybe a top 10 scoop guy.   But a retired CBOE guy portraying a "man of the people" these days just doesn't play.

Glad you've got the time now to post here more 🙂

Love you too Rocky, thanks for the kind words.

And as I readily admitted, the economy has been good for me the past several years. But not for many. And I feel for those people. I wasn't aware that my former profession disqualified me from those feelings but there you go.

[rocky_warrior]

Love you too Rocky, thanks for the kind words.

And as I readily admitted, the economy has been good for me the past several years. But not for many. And I feel for those people. I wasn't aware that my former profession disqualified me from those feelings but there you go.

I don't disqualify you.  Though I suspect your sources these days is limited...

[4everwarriors]

4ever,

Fxxk the check, keep pissing people off.

Will do! Push back is my middle name, aina?

[Goose]

Rocky

To be honest, the best part about Lenny is that he has not forgotten his sources. I would guess that he is more connected with reality than most on scoop. He just might still be friends with bartenders, guys that place a bet or guys that are scraping by. That might be what some on here are missing.