3 ms·
I'm confused. As an American consumer I thought I was suppose to spend money to fuel the economy. Now this article says I am ruining the economy by causing in
by htag 3y ago
I'm confused.
As an American consumer I thought I was suppose to spend money to fuel the economy. Now this article says I am ruining the economy by causing inflation and I should be selective about how I spend my money. This seems crazy, because if everyone gravitates to the few goods that are not experiencing inflation then the demand for those will cause a supply shortage which might lead to higher prices....
Virtually all food stuff, all transportation options, all housing options, all educational services, and all medical care has been hit hard by inflation over the last 3+ years. Is this bloomberg columnist asking that we just don't participate in those sectors of the economy?
- than3 3y agoNo, this bloomberg columnist is just writing what their bosses want them to write. Its mass manipulation on a grand scale, they want to blame the consumer for inflation, instead of the real cause. Anyone that knows anything realizes what a shill position this is. In many respects, we really need to start punishing businesses that engage in malign influence campaigns. Its just like this article here. Completely false if you look at the publicly released data, but they still publish it, and if you are too dumb to tell otherwise you end up supporting them. https://www.reuters.com/markets/us/location-location-location-us-manufacturing-boom-has-real-estate-problem-2023-04-13/ https://www.reuters.com/markets/us/location-location-locatio...
- pixl97 3y agoNo, you see, they saved up a bunch of cash on hand and are waiting for you to stop spending. When you stop spending companies will downsize and large amount of unemployment will occur. This will lead to huge amount of foreclosures and a deflationary cycle. Then when prices are low they'll strike with their cash on hand buying up these cheap assets and win the game of capitalism as they strike it rich in the next inflationary cycle.
- 20after4 3y agoBingo! This is exactly what's happening.
- closeparen 3y agoThe economic situation has changed! In the post-2008 era, we suffered from weak demand, and “stimulating the economy” and “creating jobs” were good things. Now we have the opposite problems; restraining spending and being efficient with labor are in again.