Is the American economy currently in a bubble?
Is the American economy currently in a bubble?
Ryan Turner
Other urls found in this thread:
newyorkfed.org
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Nathan Lopez
It always was
Blake Reyes
>currently
A net importing economy with trillions of debt, social unrest, radicalizing politics on both sides, immigration problems, and climate caused natural disasters. Top that off with a dementia ridden president that is likely to be replaced by a molesting grandpa.
Jaxson Bailey
Redpilled
Dylan Russell
gerbal wermening did eeit
Nicholas Howard
Retarded
Luis Miller
"Now if you look here, this is how large you will gape after we are done shortin.. *cough*... reallocating for current market conditions.
Kevin Butler
Yeah, he forgot the endless wars and shitty education.
Jose Lopez
No we have the best mindshare, military, and everyone uses our currency as their reserve. We were first to the moon and invented the internet. USA#1MAGA 2nd amendment means we can't be cucked.
Jeremiah Morris
I guess crumbling infrastructure should also be included
Samuel Peterson
Yes. The next recession we see will be the worst we've ever seen and this isn't FUD if you've been paying attention to the market. Buy gold, silver and some BTC before the end of 2020.
Caleb Watson
Yes it is. And you can be the star of the sequel of The Big Short by buying Bitcoin and shorting the global economy
Oliver Parker
doesnt matter
america grows itself out of one crisis into the next
Josiah Gutierrez
lol? the central banks had to print money to buy the worthless loans at face value? they just covered the shit under the rug anf took some tax money bevause fuck us. nothing was actually solved.
Ryan Wilson
Has to end at some point
Easton Sanchez
Your reasoning is such garbage. Please stay out of biz
1. Discouraged workers (someone that wants a job, but gave up and hasn't applied in over 4 weeks) are NOT counted as unemployed.
2. People who make HARDSHIP wages ARE counted as employed.
Putting those 2 together = makes the unemployment stat look better/lower than it actually is. It is a lie that fools without critical thinking believe.
44% of 22-27 yr old college grads are underemployed (inb4 just do computer science as if everyone is capable of that. Even they have like a 24ish% underemployment rate for 22-27 yr olds: newyorkfed.org
Think about that. NEARLY 1/4 cs graduates aged 22-27 will be underemployed (don't know how it evens out over time. Still not amazing though. It's around 34% when including all ages and all majors).
78% of full time workers live paycheck to paycheck ( *LITERALLY one paycheck away from homelessness and that is basically poverty* ). *42% of americans will retire broke* (so you give up the best years of your life being someone's bitch just to retire with nothing), 57% of americans can't afford an unexpected 500 dollar bill, 50% of renters are cost burdened (spend over 30% of their income on rent. Half of those spend over 50% of their income on rent), 30% of metropolis city jobs (where most jobs are created) pay hardship wages (not enough to move out with) and 32% pay livable wages (basically poverty) which leaves 38% that are decent (I say decent because you also have to take into consideration the toxicity of work culture. Also, some jobs ONLY pay livable or up BECAUSE of the hours put in. For instance, the average american works 47 hours a week. 49% work 50 hours or more a week. Both of which inflate the wage stats into looking better than it actually is), etc.
Welcome to the "land of opportunity" (load of bullshit).
Ethan Fisher
Part 2
Really though, even if the job market was 100% perfect in terms of employment (so let's pretend 0% were underemployed), the issue of working 40 hours or more a week is still complete ass no matter how you look at it.
Really, the best solution is creating AFFORDABLE housing. Say apartments with 214sqft in size. Make them cheap as shit. Now people can survive off of part time work and not have to be slaves.
In this society, you are either a 100% conformist BITCH or you are a NEET. Shit options. You lose either way.
>inb4 "b-but 40 hours is the norm, you lazy fuck!"
Ya? According to what? Bullshit culture? That's called being an indocrinated SHEEP. I wouldn't be surprised if this society would function nearly the same if say the average person only worked 20 hours a week. Maybe less as time goes on and automation takes over (because of automation, I feel we really need a UBI in place or most people are going to get fucked up by natural selection).
>inb4 edgy kid thinks this is a good thing and doesn't realize natural selection applies to them too
Well, there's the third option, but it's unrealistic. Basically self-employment (most businesses starting out fail).
EVEN IF you want to ignore what I said about 40 hours a week being archaic bs based off of nothing more than "culture" rather than actual necessity, the rest of what I said still stands to show how the majority are indeed suffering economically (and again, that's with the average american working 47 hours a week).
Aaron Clark
Interesting, got any opinions on other factors in the American economy?
Christian Hill
short answer: yes
long answer: yes it is
Josiah Stewart
It’ll end when all the Jews are gone
>protip: their population is growing
Nolan Baker
Didn’t buy Link at 0.40 when all of us did
>booyah
Caleb Martin
it always was especially since 1971 when gold standard was removed.