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> Are jobs and employment rates really what we should be using to measure the economic outlook? That was not the point I was trying to make. I'll try again: *

> Are jobs and employment rates really what we should be using to measure the economic outlook? That was not the point I was trying to make. I'll try again: * Self-identified GOPers (supposedly) think it is worse now than when economy was tanking and hemorrhaging 800K jobs per month. What planet are they living on if they honestly think this is true?

HarryHirsch 5y ago
There's a pandemic going on in Jesusland. No one is prepared to go out and spend under such conditions. Can't find fault with the reasoning.
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Nbox9 5y ago
Inflation was under control in 2009. The reasons people are worried about today’s economy are very different than 2009.
- throw0101a 5y ago
  Yeah, when an economy is losing 800K jobs per month inflation is usually not a problem, deflation is. In 2009 things went negative: * https://fred.stlouisfed.org/series/FPCPITOTLZGUSA https://fred.stlouisfed.org/series/FPCPITOTLZGUSA Inflation is usually sign that the economy is running too hot. I think a lot of folks would say that's a 'nice problem' to have.
elhudy 5y ago
Point taken, but i suppose i don’t see it as incredibly unreasonable. They think the outlook is worse now than when we were basically at rock bottom. March 2009 is about when i threw all my money into stocks and purchased a home. When you’re at rock bottom is when your expectations should actually be higher. When the economy is cooking and we have all these artificial props keeping us up with insane healthcare spending and inflation on the rise, is when I’m more likely to have lower outlook. Unless I’m mistaken it’s a measure of where you’re trending not where you are in a point in time.
kranke155 5y ago
Brainwashing / mass influencing through mass media is real. If you read Fox News the US is collapsing, close to Weimar Republic hyperinflation, and crime and illegal immigration have reached third world levels.

HarryHirsch 5y ago

There's a pandemic going on in Jesusland. No one is prepared to go out and spend under such conditions. Can't find fault with the reasoning.

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Nbox9 5y ago

Inflation was under control in 2009. The reasons people are worried about today’s economy are very different than 2009.

throw0101a 5y ago
Yeah, when an economy is losing 800K jobs per month inflation is usually not a problem, deflation is. In 2009 things went negative: * https://fred.stlouisfed.org/series/FPCPITOTLZGUSA https://fred.stlouisfed.org/series/FPCPITOTLZGUSA Inflation is usually sign that the economy is running too hot. I think a lot of folks would say that's a 'nice problem' to have.

elhudy 5y ago

Point taken, but i suppose i don’t see it as incredibly unreasonable. They think the outlook is worse now than when we were basically at rock bottom. March 2009 is about when i threw all my money into stocks and purchased a home. When you’re at rock bottom is when your expectations should actually be higher. When the economy is cooking and we have all these artificial props keeping us up with insane healthcare spending and inflation on the rise, is when I’m more likely to have lower outlook. Unless I’m mistaken it’s a measure of where you’re trending not where you are in a point in time.

kranke155 5y ago

Brainwashing / mass influencing through mass media is real. If you read Fox News the US is collapsing, close to Weimar Republic hyperinflation, and crime and illegal immigration have reached third world levels.