I blame the media for part of this – they are too obsessed with Trump to tell people these things on TV.
These charts from Evercore are stunning — and defy every obituary of American consumer spending power. 🇺🇸
— Carl Quintanilla (@carlquintanilla) June 17, 2024
(via @KevRGordon) pic.twitter.com/UIoWVEGGkD
"In 2008, the US and euro-zone economies were roughly the same size. Today, the American economy is nearly twice the size of the euro zone. Average European income is now 27 percent lower than in the United States, and average wages are 37 percent lower."https://t.co/5BeYN0l24w
— Alec MacGillis (@AlecMacGillis) June 17, 2024
Astonishing stat: The U.S. economy is currently 44 percent larger than the European Union. In 2008, they were roughly the same size. pic.twitter.com/lqYWJWknq6
— Paul Farhi (@farhip) June 14, 2024
The BLS has finally updated its estimates of the Harmonized Index of Consumer Prices, which excludes owners’ equivalent rent, a price nobody pays that is also a lagging indicator. Dude, where’s my inflation problem? pic.twitter.com/LrWvRm7aWb
— Paul Krugman (@paulkrugman) June 16, 2024
“The U.S. is experiencing the best economic and employment situation in over 50 years and stocks are at all-time highs.” 🇺🇸
— Carl Quintanilla (@carlquintanilla) June 14, 2024
– Garzarelli Capital pic.twitter.com/qrrUrvW3nX
Yes, but how does it "feel" ?
— James Fallows (@JamesFallows) May 30, 2024
Here in this diner in Indiana, a "picture emerges…" https://t.co/0Jz5gWQyjw
The inflation rate for "food at home," is really low these days, with prices rising just 1.1% over the last year. But since January 2021, when Biden took office, prices are up nearly 21%.https://t.co/HVzah9bBcZ
— Axios (@axios) May 29, 2024
Sad! 