@AIfortheenotme @sarcastic_hedgi Ok, and this is the fed’s data revision showing that we were in a recession.
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Bobby
27.4K posts
Bobby
@Bobbythirdway
legislative affairs
Los Angeles Katılım Şubat 2014
1.6K Takip Edilen2.5K Takipçiler
@Bobbythirdway @sarcastic_hedgi NBER determines recessions. They are entirely private.
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Real wages are fake because CPI is fake.
Also, all of these people were 100% wrong about the "vibecession" too. According to the Fed's December 2025 revisions, US Industrial production was revised downward into a recession during Biden.
Hunter📈🌈📊@StatisticUrban
Economically, Americans just are not doing particularly badly right now. Real wages, controlling for inflation, have grown for nearly all deciles in recent years. The only exception is the very lowest decile, solely in 2025, in large part due to Trump's tariffs.
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@AIfortheenotme @sarcastic_hedgi This is the Fed’s revision. The fed is part of the government.
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@Bobbythirdway @sarcastic_hedgi "The government" doesn't determine if there's a recession. NBER is a private institution.
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I just gave my attorney a pop quiz on whether rabies infects mammals or other species too, and he said, "I'm not sure, that's not my area of expertise."
That's an ick from me, brother. You're fired.
Katrina (大王）🇺🇸🇨🇳🇲🇽@zapatas_mom
Tbh I don’t exclusively go on dates with doctors, lawyers, engineers SOLELY because of their money. It’s also because they can keep up with me intellectually. The last time I accepted a date based on looks alone (6’2, athletic build, and handsome mid 20s) I got the ick because he didn’t know rabies was a mammalian disease. 🤣
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We saw this a lot during the Biden years, but it's fascinating that they're busting it out now for their "fascist" enemy, Donald Trump.
It really speaks to the fact that liberals do not view Trump as a threat whatsoever -- the threat is from people who criticize this economy.
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Liberals widely believe that they can transform reality through propaganda. They are *obsessed* with the concept of "messaging".
In their mind, there is always some secret spell that can be uttered to make the public believe X or do Y.
Louis Anslow@LouisAnslow
Contagious pessimism is a genuine threat to economic stability
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It sounds like the dollar is collapsing, which means that those dollar denominated assets' purchasing power will also be a rounding error compared to the appreciation in hard assets and commodities.
Peter H. Diamandis, MD@PeterDiamandis
You have to own something. W2 income will be a rounding error compared to asset appreciation in a 10x economy. Switch from earning to owning. *NFA
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@AlbertDouccette @budvandoor @woke8yearold We can print more money to afford the lumber, problem solved.
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@budvandoor @woke8yearold @Bobbythirdway I mean sure I guess building would help, but not only would it not solve any of the underlying issues, but wouldn't a mass demand for building supplies jack the price up anyways?
We saw this happen with lumber not that long ago.
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Housing prices are actually not the problem if you measure them in gold terms.
That suggests that wage suppression is the problem (combined with inflation).
Aleph@woke8yearold
Food is much cheaper than it used to be. This graph understates it because it just shows spending and not quality/amount of food. Unlike housing, which boomers ruined with NIMBYism, this is ultimately fake and gay
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@CentristMadness @ClantonGrunch CPI is fake lol. Money printer go brrrr.
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No, Goldman Sachs is wrong. A globe emoji liberal just said that anyone who wants a job can get one.
unusual_whales@unusual_whales
Artificial intelligence is causing a net U.S. loss of 16,000 jobs per month, per Goldman Sachs.
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Bobby retweetledi
Boomers think the only price that can't go up is the price of labor. You want to know why baristas demand $25/hr? Median rent is like $3,000/mo.
TruthHurtsSnowflakes@TruthHurts2223
@DunstDon The point is, stop pretending like everyone's prices aren't going up, stop crying like toddlers, do what you need to do to save money Just like the rest of us had to do. Oh, and before you go calling me a boomer, I'm 43 and didn't inherit shit.
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@sarcastic_hedgi By the governments own admission, there was a recession. Whether I trust them or not is immaterial to the fact that they consistently revise jobs, production, etc. downward years after the fact.
The revisions are always one way. That tells me quite a lot.
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@Bobbythirdway lol wait so real wages are fake because CPI is fake but you're citing industrial production revisions like those aren't just as cooked
not saying you're wrong about the revisions but pick a lane on whether we trust gov data or not
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Bobby retweetledi
To be an American is to be perpetually manipulated, deceived, hustled and swindled and for good reason to have to suspect everyone and everything is trying to scam you. You are told not to believe your own eyes.
This produces an insane human being, or psychopaths, or idiots.
Basil🧡@LinkofSunshine
The permanent vibecession is here to stay
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Bobby retweetledi
On paper, U.S. graduation rates are quite high—historically hovering around 87% for high schools and around 62% for colleges (within a six-year window). We also have very low suspension rates. These stats might make one think this is an era of unparalleled intellect and scholastic achievement and the schools are filled with well behaved kids with not a fight or ill act to be seen from sea to shining sea.
Or..... we simply graduate kids through grade inflation, or simply make failing against the rules or pressure teachers to pass kids who shouldn't. And there are whole programs being implemented in schools that demand various bad behavior that used to get one suspended, no longer merit a suspension and those same programs use the decline in suspensions as proof the programs work.
In America; all the numbers are cooked. The stats are fudged, the money is fake, the foods barely food and a dwindling number of people are even literate, but some chucklefuck will call it a Golden Age and that its just in your head.
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>The same government agency says everything is good right now.
>We'll have to wait another 4-5 years to see if this was really true. But by that point, we will have already moved on to the new (fake) numbers.
Bobby@Bobbythirdway
Real wages are fake because CPI is fake. Also, all of these people were 100% wrong about the "vibecession" too. According to the Fed's December 2025 revisions, US Industrial production was revised downward into a recession during Biden.
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@woke8yearold I said housing prices are a problem, and I agree that NIMBYism drives scarcity.
But I frankly don’t understand your argument for NIMBYism being the primary factor for price increases when gold bullion has kept pace with it.
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@Bobbythirdway That’s not exponential and you can see a huge increase before that as well. Not sure why you’re opposed to the idea that housing prices are a problem, but you are wrong
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@woke8yearold This is not “consistent” — this shows exponential growth since 2008, which is when QE and the money printer got rolling.
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@Bobbythirdway It’s been increasing fairly consistently for decades due to NIMBYism, with a slight downturn after the 2008 financial crisis. Not sure what you mean
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@woke8yearold You’re talking about subsidizing demand, but I’m talking about *not actively suppressing wages through immigration policy*
These are two completely different things.
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Suppose that workers had higher wages. If the supply of housing remains constrained then it would just increase demand and bidding wars, causing prices to increase because the market is unable to adjust. Smaller versions of this happen whenever governments subsidize demand to “address” the housing crisis
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@woke8yearold But it was more affordable relative to income before — you just posted a graph showing so!
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Because it was pretty unaffordable relative to income before, especially in productive areas with jobs, and unlike gold or shares in nvidia markets can create more of it fairly easily. It’s the combination of strict limits on supply with money to bid up the price that is so toxic. If markets could just respond then housing would becomes much cheaper. This would create its own economic problems due to how many Americans have most of their net worth in their house, but it’s the actual reason this is happening.
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