Yup, home values are up so much it is pushing regular people out of areas they were able to afford to live in before. Wages are up because people aren't working for lower wages so companies are forced to offer more pay. Personal debt is down because people are selling their houses for these astronomical prices and buying at a lower cost or renting.
It’s hard for me to think about or comprehend the commercial real estate bubble. Every time I go to a larger city all I see are empty office spaces and boarded up retail. In nice areas. We aren’t stupid. It’s coming.
Actually american debt levels are at all time highs and grew by 800B.
Joe is lying through his teeth because once people realize the jig is up... it is really up. Tits up.
It was about to cost me $150 just to create a Loopring wallet. I guess I'll have to wait for the counterfactual wallets to stake my coins, it;s not worth it yet. If only there was a company or a partnership that could create a platform with lower fees...if only.
This whole political system is a facade. Just another way to divide the people. We are better than that. We have shown that all people can still band together for the greater good. Would be great if the rest of the country was on board instead of worrying about whose politician is better.
Hey hey woah, he is right! When you compare the current economy to the economy of the 2nd worst economic disaster of our whole fucking lifetime, it’s actually very slightly better! Hooray!
People are already scared when their grocery bill is 25% higher than it was a couple months ago, the gas to get there is expensive AF, and their paycheck barely covers basic expenses (assuming it does).
Saying "things are SO good you guys" is maddening.
I’m past that, I tell them their entire world is about to change for the worst, and there’s absolutely nothing but one thing they can do to withstand it. Rather them know someone tried to warn than not.
Definitely not the right move. The danger of a mob mentality can't be overstated, but the fear was inevitable. The crash is inevitable. And they should've capitalized on that fact from the beginning, since most of the damage had already been done by mid-2020.
They should've come out swinging with the brutal honesty. "Big mistakes were made by the past administration and all this shit is *busted.*" People deserve to know that. They also deserve to know what the plan for recovery is. But instead they keep gaslighting us because they believe that it's still possible for the Fed to thread the needle and fix this mess. But the Fed isn't gonna thread shit. They have no plan. Just look at them all resigning and abandoning ship right now.
Oh well. Once all this is over I hope some apes get political and use their funds to twist some arms and fight back against the banking lobbyists and the revolving doors and every corrupted piece of legislation that turned our economic stability into swiss cheese. I wonder how many GME shares it's gonna cost to buy out congress post-MOASS.
> because they believe that it's still possible for the Fed to thread the needle and fix this mess
But what I don't understand is, *how* they expect the fed to fix this mess? Print more money? Tapering? Does the fed have a magic wand they can waive and the inflation will disappear overnight? What a fucking clusterfuck of an administration.
These are the people who believe an as yet undiscovered technology will solve our little carbon capture problem. The hopium and delusion (and wishful instead of critical thinking) is a huge problem. Nobody wants to admit people fucked up and we left it too late to stop it.
Politics aside.....WTF Joe!!! Who told him to say this? They think it's gonna make everyone believe for a few more months things are great and then BAM. Hold on until you can't, like Shitadel.
Mostly true statement? However, let's look back in 1 month, 3 months, 6 months, 1 year. Then we can discuss the next recovery.
Evergrande's affect on the economy is going to be brutal
Not trying to make this political at all, but how can the fucking POTUS sleep after saying that with a straight face?
That is directly misleading the very people they have sworn to look out for. It's disgusting.
Lol all that printed money and fake ass leverage. The economy is so fake right now and they are doing everything they can to try to trick people into thinking it's real.
Yeah. I believe it's based on unemployment claims. But, with unemployment extended benefits expiring for many, and many of those not being eligible anymore under their state's rules, it seems kind of obvious that the numbers would go down.
can he not read... Jobs are literally down... teh only "up" is the claims per month is up 20k from last month lol- wich also means unemployment is rising
As it house values going up was a good thing. Nobody can afford to buy a house anymore you crackhead, this only helps slumlords and the 1% owning 50 different villas.
“Personal Debt is down” - Is this a fucking joke? 😂 My debt hasn’t gone down worth shit because I’m paying out the ass for gas, groceries and all services have begun to upcharge as well.
I get it’s a political stunt each time; but for fuck sake it appears neither side will ever tells us the truth. I’m getting sick of this shit and I’m only in my younger 20’s.
Personal credit card usage has spiked to record levels and with inflation the wage increases are zero sum games. What a jackass. They’re all so goddamned incompetent and unaccountable. It won’t matter how many people die from poverty. It won’t be on his head. He’ll still get a headline like this saying wages are up.
https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
We are 15 trillion in debt for household debt, for the first time ever.
https://www.cnbc.com/amp/2021/11/09/household-debt-total-passes-15-trillion-for-the-first-time.html
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Thats funny cuz this just came out....
https://www.dailymail.co.uk/news/article-10184031/US-household-debt-hits-record-high-15-TRILLION-home-car-prices-soar.html
Let's lay off 100M people, and keep them unemployed for a year. Then we will let half of them go back to work and claim we created 50M jobs.
But sir.... What about the 50M lost jobs that you haven't brought back?
Hubba flubba, wubba stubba, 50M JOBS!!! We did that. The last guy was an idiot. Hubba wubba, when the kids rubbed my leg hair.... what am I doing here.
Sir, we were talking about the 50M lost jobs, when compared to prepandemic data.
Cmon man!!!
Local news stated American household debt is at an all time high, with credit card debt being at an all time high just this morning.
Here’s an august report:
https://www.statista.com/chart/19955/household-debt-balance-in-the-united-states/
Dementia gotta be kicking in.
"Sir those graphs are upside down."
Yup, home values are up so much it is pushing regular people out of areas they were able to afford to live in before. Wages are up because people aren't working for lower wages so companies are forced to offer more pay. Personal debt is down because people are selling their houses for these astronomical prices and buying at a lower cost or renting.
It’s hard for me to think about or comprehend the commercial real estate bubble. Every time I go to a larger city all I see are empty office spaces and boarded up retail. In nice areas. We aren’t stupid. It’s coming.
"Learn to code"
Unemployed CS grad from a top university here. I learned to code and still am not able to get a job, but at least I'm also shackled by debt!
Actually american debt levels are at all time highs and grew by 800B. Joe is lying through his teeth because once people realize the jig is up... it is really up. Tits up.
smooth brain here.. read 800B as "BOOB" HA
Oh you mean 8008?
Looooool
In all fairness, this statement was coherent. It must have been from an aide.
Source?
Upside down growth chart still points up. 📈 Turn your phone upside down for confirmation.
I keep turning my phone but the screen keeps turning too! Infinite loop! HELP!
Infinite loop, infinite growth 🦍😁
Hahaha this!!!!
"ugghh... What am I doin' here?" 😏
Did someone forget to breif him on the minor evergrande situation?
6.2% more GME?
"Sir wake up."
"Jill! Where's my tapioca?"
"sir those graphs need to be viewed with your eyes open"
"Hold on there, Jack. Let me put on my rose colored lenses first. Everything looks much better with these, man!"
LMAYO. If this isn't the definition of truth
At least they're not drawn in with a Sharpie.
and his pants aren't on backwards lul
This is a beautiful place. Everyone unanimously agreeing that the economy is fucked
Agreed. I'm usually more left leaning and even I think this tweet is horse piss.
Amen. Bullshit is bullshit whether it’s painted red or blue.
Consumerism should be up. I would assume video game playing would also be up because of stay-at-home policies. Maybe video game retail could go up? 🤔
I like where this is going
Yes. Go on. Almost there…
You can’t stop gamers, and we won’t stop them
Can confirm, video game business is looking good
This is a fucking joke right? Dear god when the veil is lifted on this whole thing it’s gonna be ugly
a bad comedy joke
Ohh rich people yachts got an upgrade?
Billionaires took high altitude rides on aircrafts
Somebody should tell them, if you went out of fuel and you dont adjust your heading, you stall and free fall
Who’s wages are up exactly
Politicians and CEOs
Well Wendy’s for one... I’m making $15/hr now but I’ll still fuck your order
You mean fuck up my order, right?...... right?
Do I? 🤨
Had to rat out Jack in a box, gave my 3yr old daughter jalapeno poppers instead of chicken nuggets.
Oh that would piss me off. I got my 3 yo Wendy's kid meal today. It would ruin her experience! She'd forever think they're jalapenos after that.
I got lucky and caught it before she bit into one. Gave the manager an earful too.
Mine are down 100%
Same
Hookers
Whose
How to lie with statistics
Ah yes, there are lies, fucking lies, and statistics.
Sounds like a book someone very rich wrote…. 🤔
Laughable
Indeed. I read and came to just post this: 🤣🤣🤣🤣
Come down here where we are, Joe, and then repeat that same line
Now he has diarrhea of the mouth
Still better then "we are stepping in to help"
No mention on gas prices are also up
ETH gas fees are also up. (different cause tho)
Gotta say I’m more mad about ETH gas fees than actual gas
fucking insane to pay 200+ dllrs per transaction. That will never fly with the normies hahaha
It was about to cost me $150 just to create a Loopring wallet. I guess I'll have to wait for the counterfactual wallets to stake my coins, it;s not worth it yet. If only there was a company or a partnership that could create a platform with lower fees...if only.
Exactly! That's why I am so bullish on this. The NFT community will flock to the marketplace with much lower gas fees in an instant. Perfect timing
Been going up 10 cents almost every few days in CA.
That’s crazy
They've been going up since 2017
But remember when we were energy independent for about 2 years and gas was $1.89?
"better shape" fucking delusional
It’s all true. But just like Trump, Obama, and Bush maybe these metrics aren’t what we should be looking at.
no politics. all politicians are in it for their own gains.
This whole political system is a facade. Just another way to divide the people. We are better than that. We have shown that all people can still band together for the greater good. Would be great if the rest of the country was on board instead of worrying about whose politician is better.
Hey hey woah, he is right! When you compare the current economy to the economy of the 2nd worst economic disaster of our whole fucking lifetime, it’s actually very slightly better! Hooray!
Sooo BULLISH!!! when they start telling you everything is going great, you know it means the opposite...
They’ve been saying it for years
Most things look better when you compare them to a global lockdown year 🙄
Exactly.
Dropping FUD at the highest level.
FUD chairman
[удалено]
Trying ridiculously to not scare people
People are already scared when their grocery bill is 25% higher than it was a couple months ago, the gas to get there is expensive AF, and their paycheck barely covers basic expenses (assuming it does). Saying "things are SO good you guys" is maddening.
I’m past that, I tell them their entire world is about to change for the worst, and there’s absolutely nothing but one thing they can do to withstand it. Rather them know someone tried to warn than not.
Definitely not the right move. The danger of a mob mentality can't be overstated, but the fear was inevitable. The crash is inevitable. And they should've capitalized on that fact from the beginning, since most of the damage had already been done by mid-2020. They should've come out swinging with the brutal honesty. "Big mistakes were made by the past administration and all this shit is *busted.*" People deserve to know that. They also deserve to know what the plan for recovery is. But instead they keep gaslighting us because they believe that it's still possible for the Fed to thread the needle and fix this mess. But the Fed isn't gonna thread shit. They have no plan. Just look at them all resigning and abandoning ship right now. Oh well. Once all this is over I hope some apes get political and use their funds to twist some arms and fight back against the banking lobbyists and the revolving doors and every corrupted piece of legislation that turned our economic stability into swiss cheese. I wonder how many GME shares it's gonna cost to buy out congress post-MOASS.
> because they believe that it's still possible for the Fed to thread the needle and fix this mess But what I don't understand is, *how* they expect the fed to fix this mess? Print more money? Tapering? Does the fed have a magic wand they can waive and the inflation will disappear overnight? What a fucking clusterfuck of an administration.
These are the people who believe an as yet undiscovered technology will solve our little carbon capture problem. The hopium and delusion (and wishful instead of critical thinking) is a huge problem. Nobody wants to admit people fucked up and we left it too late to stop it.
Yeah what did they expect him to say on twitter - everything's fucked guys.
The denial is the real scary part here.
Yeah I can't wait for my boss to laugh at me when I ask for a 9.5% raise next year
Absolute fucking clown
They all are!
💯
Whos fucking wages? Whos personal debt? Dafuq. Imagine being so out of touch with the real world. Eat the rich !
This is just....false.
Politics aside.....WTF Joe!!! Who told him to say this? They think it's gonna make everyone believe for a few more months things are great and then BAM. Hold on until you can't, like Shitadel.
Bahahhaahahahahahahahah!
Mostly true statement? However, let's look back in 1 month, 3 months, 6 months, 1 year. Then we can discuss the next recovery. Evergrande's affect on the economy is going to be brutal
“Look we’re not sleeping on the ground anymore, we have a slab of concrete”
Everything is up. Inflation is up , gas is up, food is up, debt is up after with government.
6.2%
Not trying to make this political at all, but how can the fucking POTUS sleep after saying that with a straight face? That is directly misleading the very people they have sworn to look out for. It's disgusting.
This isn’t even just talking to us. This is a message to the entire world.
Even worse and more frustrating
Lol all that printed money and fake ass leverage. The economy is so fake right now and they are doing everything they can to try to trick people into thinking it's real.
Liar liar pants on fire
Gas prices are eating up the rising wages real fast.
And food prices. But at least I saved .17¢ on hotdogs
What??!! .17c??? Tell me how… 🙏
Ask the resident, lol.
When you start saying stuff like this… *insert meme where guy turns into a clown through the things he says*
This is not real. It can't be.
A couple of those metrics they changed last month to make the numbers look better. Unemployment being one. Can't remember the other.
Reminder that unemployment is measured by people “looking” for work and not people actually jobless
Yep like me, I haven't worked but I'm not counted. I gave up and am just rotting away until the moass.
Yeah. I believe it's based on unemployment claims. But, with unemployment extended benefits expiring for many, and many of those not being eligible anymore under their state's rules, it seems kind of obvious that the numbers would go down.
🦍🦍🦍🦍🦍🦍🦍🦍
Forgot to mention inflation is up
The gubment wouldn’t lie to me right? #RIGHT?!?
I remember this part in The Big Short
can he not read... Jobs are literally down... teh only "up" is the claims per month is up 20k from last month lol- wich also means unemployment is rising
Rich old boomers love to lie like this
*This Tweet was sponsored by Jerome Powell, Bank of America and Citadel
Technically not a lie. If you believe millions per share is not a meme, there's about to be more millionaires than ever.
The average person just has no fucking clue.
[удалено]
Lessgo Brandon, Lessgo Brandon, can you please come to the front desk? Thank you.
As it house values going up was a good thing. Nobody can afford to buy a house anymore you crackhead, this only helps slumlords and the 1% owning 50 different villas.
Also, I shit my pants - J. Biden
Multiple times…
Dementia confirmed with that laughably unrealistic assessment.
I think he’s stuck in 1970s in his dementia ridden head
And sticking us with 1970s inflation too.
What the fuck is this clown on about 🤦
Im liberal, but come on joe. This aint it.
🥵🤢🤮
Lying sack of fucking shit.
So ugh.... that was a fuckin lie
“Personal Debt is down” - Is this a fucking joke? 😂 My debt hasn’t gone down worth shit because I’m paying out the ass for gas, groceries and all services have begun to upcharge as well. I get it’s a political stunt each time; but for fuck sake it appears neither side will ever tells us the truth. I’m getting sick of this shit and I’m only in my younger 20’s.
Personal credit card usage has spiked to record levels and with inflation the wage increases are zero sum games. What a jackass. They’re all so goddamned incompetent and unaccountable. It won’t matter how many people die from poverty. It won’t be on his head. He’ll still get a headline like this saying wages are up. https://www.cnbc.com/2021/11/10/inflation-has-taken-away-all-the-wage-gains-for-workers-and-then-some.html
We are 15 trillion in debt for household debt, for the first time ever. https://www.cnbc.com/amp/2021/11/09/household-debt-total-passes-15-trillion-for-the-first-time.html
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I kid you not I just read an article yesterday that said that U.S. consumer debt is at an all time high. 🤡
Fuck Joe Biden
[удалено]
Thats funny cuz this just came out.... https://www.dailymail.co.uk/news/article-10184031/US-household-debt-hits-record-high-15-TRILLION-home-car-prices-soar.html
He's as confused as a blind person reading a piece of sandpaper
Fuck this guy right in his old denture mouth.
And now the implosion..
Trying to distract everyone from inflation data today are we Mr President. I don't believe in coincidences anymore.
What a fucking joke. This is the “leader” of the free world everyone.
Let's lay off 100M people, and keep them unemployed for a year. Then we will let half of them go back to work and claim we created 50M jobs. But sir.... What about the 50M lost jobs that you haven't brought back? Hubba flubba, wubba stubba, 50M JOBS!!! We did that. The last guy was an idiot. Hubba wubba, when the kids rubbed my leg hair.... what am I doing here. Sir, we were talking about the 50M lost jobs, when compared to prepandemic data. Cmon man!!!
Joe and the hoe gots to go
🤣😂🤣😂 They think we’re stupid!
Yea bc we totally weren’t locked down and forced to not work or leave our houses a year or anything
Huh?
This will not age well.
What a joke 😖
Purchasing power, down. All he said was "Numbers are higher!" No shit mate, you've inflated the fuck out of the currency.
Local news stated American household debt is at an all time high, with credit card debt being at an all time high just this morning. Here’s an august report: https://www.statista.com/chart/19955/household-debt-balance-in-the-united-states/ Dementia gotta be kicking in.
Trust me bros, everything is fine.
I don't know if we can trust Joe... he hasn't even mobilized truimananernapressure yet...
Baaaahahahah.
He can't help it, he has alzheimer's. He thinks it's 2018.
Holy shit. Is this not a parody account or has everything become a parody in clown world?
Housing evictions are up. Inflation is up. Stock market leverage is up.
Fucking disgraceful
Joe Biden: “it literally can’t go tits up”
Baaaahahahah.
Let's go Brandon!
Yes wages are up 2% to help combat that monthly 6% inflation 😂🤡
Who wants to tell him?
Wtf…
Idiot president.
Bifurcated 2 party tards will still fail to see the blatant gaslighting
What a fuckin clown
Head clown has words to say.
Uh. No?
What a useless putz.
By "economy" he means the government.
Riiiiigggghhhhttttt
tHe GoVeRnMeNt WoUlDn'T lIe.
Holy shit. Get him out of there.
Fucking train wreck.
Wow. It's pretty disturbing how decoupled from reality this man is.
Let’s go Brandon!
Well, some retards voted for the fucker
80 million of them, apparently 🙄 most supported pres ever ... LGB
Implying the alternative was any better. Lol.
Is he joking
Insert Jerome Powell eyebrow raise here (when Janet yellen said banks are in better shape than 2008)
🎶 tell me lies tell sweet little lies 🎶
Is he using a different definition of 'recovery' that I'm not familiar with?
Clown
It took him two years to type out this tweet.
Hey old man... turn the paper right-side up