The Stock Market Is Not The Economy Thread II

[kuronosan]

Correct

Yes but you continue to miss the main problem and that's people. "Oh things are recovering well we were going to gouge by 5% but surely folks can afford 10% now based on this".

Like, they already gain when people hand over money yet when that money has more value and they increase cost the value of that increase is mitigated.

You read "it dropped by 5.8% but increased 2.6%", I read "it now only dropped by 3.2%".

Yes, the correct way to see it is that it's an improvement. But it's also an improvement that will likely not reflect the real world experience for most people.

[thetruepandagod]

https://twitter.com/unusual_whales/s...T_8ZHaSwQ&s=19

i prefer the big mac index

[NynJa]

Last time I went grocery shopping, it was $9.99 (CAD) for a 3pack of romaine lettuce. But please continue to tell us the economy is healing.

[Athas]

Uh, isn't a big mac four bucks? I mean unless you're doing the whole combo meal but then the 1980 price would be more then 50 cents, no?

I mean the point still stands and all but not exactly adding up.

[Yabby]

A big mac is 8 dollars... wtf. There are a ton of other places that cost the same and don't put trash in bread.

[archibaldcrane]

My local McDonalds is expensive but a Big Mac is still only $5.79

[archibaldcrane]

(also the median minimum wage in the US was up to $11.80 in 2019, probably a little higher now)

[synistar]

Dozen Eggs in California is averaging $8+/dozen. And natural gas prices are up above $3/therm compared to 80 cents a year ago.

[Outlaw]

The last time I went to Burger King a Whoper with a medium fries and drink was $12 something.

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[Zealot]

There's a McDonalds down the street from me and 3 people just got stabbed there.

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[Zealot]

I guess that counts as deflation though.

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[NynJa]

There's a McDonalds down the street from me and 3 people just got stabbed there.

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How else are they supposed to get the meat?

[Spicyryan]

Eggs and Lettuce.

You guys do know there are certain issues with those two items outside of the rest of the economy, right?

[Emphasis]

Then CEOs, landlords, insurers, big pharma, banks, etc. decide their margins aren't fat enough so they just move the goalpost again and we all pay for it. Or we still sticking to the lie that this is the fault of stimulus checks and people not wanting to work?

Somebody has to fund the vacations, luxury cars, boats, jewelry, etc.

[Mythe_Seraph]

Next month going to be “even better for households” I would wager.

https://www.financialexpress.com/inv...-2023/2919693/

[Spicyryan]

Next month going to be “even better for households” I would wager.

https://www.financialexpress.com/inv...-2023/2919693/

If all that mattered was the CPI, then 2023 would be a far better year than 2022, but I am not so sure about that.

https://twitter.com/Grit_Capital/sta...zSlyU3kCQ&s=19

[Spicyryan]

Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years

https://www.oxfam.org/en/press-relea...past-two-years

Sounds like the ideal functional economic system.

[archibaldcrane]

Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years

yeah we did

[Spicyryan]

yeah we did

While you may want to be. You aren't the 1%.

[Spicyryan]

https://twitter.com/Rob_Hager/status...wPCs03XDQ&s=19