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March jobs and inflation numbers were significantly better than expected. Milk and eggs are down 30% from the peak. The middle class and poor are focused on bu
by 0xy 1y ago
March jobs and inflation numbers were significantly better than expected. Milk and eggs are down 30% from the peak.
The middle class and poor are focused on buying food and gas, not on their stock portfolio.
- ujkhsjkdhf234 1y agoThe price of eggs was due to a nationwide bird flu epidemic. It had nothing to do with Biden, Harris, or Trump for that matter. The problem was eventually going to resolve itself.
- aprilthird2021 1y agoThis is completely wrong. The middle class' retirement is in the stock market, and they know that. 59% of Americans say Trump is making the economy worse [0] [0] https://www.documentcloud.org/documents/25920872-rel5b-economy-and-tariffs/ https://www.documentcloud.org/documents/25920872-rel5b-econo...
- JohnnyMarcone 1y agoImagine being middle class in your late 50s right now and eyeing retirement. Even worse, imagine you were planning to retire this year and now plan to work another couple years due to fear. The cherry being, the entire time you're worried that there will be a recession that will force you to retire before you're ready.
- jccalhoun 1y agoYep. That's me. And my state's Republican supermajority just cut the budget of the community college I teach at by 10%.
- mikestew 1y agoOr yet another option: retired last year, and even if Trump is re-elected, it’ll be good for the markets, right? Yeah, that was me last June. Thankfully the spouse is still working.
- mountainriver 1y agoInflation lags a lot, we will feel the tariff nonsense soon
- vkou 1y agoMilk (lactose-free) was $11/gallon and eggs (not free-range, organic, or any of that other shit) were ~12$/18 at my grocery yesterday.
- bdangubic 1y agocan’t believe anyone can write this with a straight face…