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(Marketwatch)   Inflation, recession, stagflation... I guess when you manage the economy for the exclusive benefit of the very wealthy, the "trickle down" part is slower than a pitch drop experiment   (marketwatch.com) divider line
    More: Obvious, Inflation, Unemployment, Recession, Economy, Economics, Aggregate demand, Central bank, Fed's current tactic  
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650 clicks; posted to Business » on 30 Jan 2023 at 8:05 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



24 Comments     (+0 »)
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2023-01-30 4:25:12 PM  
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2023-01-30 8:09:22 PM  

Private_Citizen: [Fark user image image 850x512]


I don't know how much credence we should give a celebrity just because they looked good in a cardigan.
 
2023-01-30 8:12:54 PM  
Unemployment is still 3.5%.
 
2023-01-30 8:26:06 PM  
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2023-01-30 8:31:17 PM  
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TedCruz'sCrazyDad: Unemployment is still 3.5%.


America's Unemployment Problem
Youtube ZUbiGS7_oqM
 
2023-01-30 8:32:34 PM  

nakmuay: [Fark user image 350x321]


How The United States Ended Up With Two Right-Wing Parties
Youtube 6LPuKVG1teQ
 
2023-01-30 8:51:38 PM  
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2023-01-30 8:55:17 PM  
Notice how the fed didn't give any farks when profits were growing for Wall Street bankers and hedge funds and corporations... but then these mfers almost faint if worker wage growth ticks up a fraction of a percent.

It's clear who they're working for and what they see as problem with the economy... wage growth will make them careen this economy off the farking tracks into a lake of lava before they live in a world where workers make a penny more. Like George Carlin said: it's a BIG club, and YOU ain't in it. 
George Carlin - It's A BIG Club & You Ain't In It!
Youtube Nyvxt1svxso
 
2023-01-30 9:03:31 PM  
The sense that yes, this is enough, means that Fed policy will depend on the kindness of strangers.

Fark user imageView Full Size
 
2023-01-30 9:05:13 PM  
The trickle down is the truth slowly coming to fruition for the 95%
 
2023-01-30 9:16:05 PM  
So just for fact checkers out there. Workers are now experiencing what was promised through trickle down economics and the fed is ready to drive the economy into a wall at full speed with the airbags disabled to prevent it.

Yeah yeah yeah, trickle down has always been proven to be bullshiat. But! This economy shows what happens when the fed actually sees the little guy making a buck. They turn into Jimmy Conway from Goodfellas just whacking people indiscriminately to stop it.

They didn't have any concerns when bankers were making trillions or investors were buying half the homes in this country tk rent back to you while your wages fall. They didn't give a fark when the "Big Club" people were profiting... but wage growth for the guy at autozone, or waitress anywhere having more bargaining power to get a better wage? fark this... implode this farking economy. And these cocksuckers do it faster than captain janeway with her self-destruct button.

Believe it. This is proof. They'll self-destruct this farking economy the instant they see the avg worker climbing out of the hole that was dug by Wall Street pricks with a shovel they borrowed from the fed.

Norm Macdonald.jpg etc
 
2023-01-30 9:20:36 PM  
In a sluggish economy
Inflation, recession hits the land of the free
Let's all leach off the state
Gee, the money's really great

We do whatever we can
We all gotta duck
When the shiat hits the fan
 
2023-01-30 9:48:27 PM  
TedCruz'sCrazyDad:

Employment is meaningless when wages have been stagnant for decades.
 
2023-01-30 10:30:20 PM  

leeksfromchichis: TedCruz'sCrazyDad:

Employment is meaningless when wages have been stagnant for decades.


Wages are up though.
 
2023-01-30 10:39:18 PM  
th.bing.comView Full Size
 
2023-01-30 10:49:37 PM  

TedCruz'sCrazyDad: leeksfromchichis: TedCruz'sCrazyDad:

Employment is meaningless when wages have been stagnant for decades.

Wages are up though.


Have they gone up retroactively for the decades they weren't or have the creeped up a bit to what would still not have been enough decades ago while prices have been growing consistently the whole time?
 
2023-01-30 10:53:31 PM  

leeksfromchichis: TedCruz'sCrazyDad: leeksfromchichis: TedCruz'sCrazyDad:

Employment is meaningless when wages have been stagnant for decades.

Wages are up though.

Have they gone up retroactively for the decades they weren't or have the creeped up a bit to what would still not have been enough decades ago while prices have been growing consistently the whole time?


Going up at all is enough for the fed to take action. Worker wages can NEVER go up. EVER. That's fed policy. They exist to make sure profits and capital gains go up for Wall Street bankers and to make sure they stagnate or go lower for regular people.

The last 3 years should be proof for anyone thinking the fed hasn't been rigging the economy to fark over the little guy so their buddies profit. And they'll crash this mfing economy the instant they see workers making traction.
 
2023-01-30 11:42:38 PM  
We've been waiting for it since the '80s so it's still long overdue
 
2023-01-30 11:52:53 PM  

Lusiphur: Private_Citizen: [Fark user image image 850x512]

I don't know how much credence we should give a celebrity just because they looked good in a cardigan.


Fark user imageView Full Size
 
2023-01-31 12:39:34 AM  

Cubansaltyballs: leeksfromchichis: TedCruz'sCrazyDad: leeksfromchichis: TedCruz'sCrazyDad:

Employment is meaningless when wages have been stagnant for decades.

Wages are up though.

Have they gone up retroactively for the decades they weren't or have the creeped up a bit to what would still not have been enough decades ago while prices have been growing consistently the whole time?

Going up at all is enough for the fed to take action. Worker wages can NEVER go up. EVER. That's fed policy. They exist to make sure profits and capital gains go up for Wall Street bankers and to make sure they stagnate or go lower for regular people.

The last 3 years should be proof for anyone thinking the fed hasn't been rigging the economy to fark over the little guy so their buddies profit. And they'll crash this mfing economy the instant they see workers making traction.


Looks like we found Bernie Sanders handle.
 
2023-01-31 12:59:12 AM  
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2023-01-31 2:45:21 AM  
I read TFA so nobody else in the thread has to.

Robert Brusca seems to have spent a few years as an economist at the New York Fed, leaving for Wall Street in 1982. He retired in 2005, claiming to supplement his fark-you money with a consultancy (that seems to employ only himself) and serving as an adjunct at Baruch College (I could find no proof online that he ever worked there).

Bob's real occupation seems to be as a rent-a-talking-head for cable and YouTube business channels and as s copywriter for business websites unable to afford commentary by an economist whose writing doesn't display clear signs of dementia setting in.

As far as I can tell, Bob believes in a conspiracy theory to the effect that the Democrats are stopping Jerome Powell from acting to stop inflation.
 
2023-01-31 4:09:06 AM  
Maybe a nice general strike for a few days or a few of the 1% being strung up will change things.
 
2023-01-31 4:29:27 AM  

groppet: Maybe a nice general strike for a few days or a few of the 1% being strung up will change things.


Piñata Economics!
 
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