Diesel is $5 a gallon, groceries are far more expensive, and my home insurance just doubled. Those are just some personal examples that come to mind, but there are many more.
Every metric a working class person uses to measure the health of the economy is abysmal. The only "disconnect" that exists is the one between real people and the fucktard elites we see on TV and in government.
Diesel is well over $6 a gallon in states like Calif.
National average for regular gas is $3.85 while the Calif average is $5.50.
Banks are failing, inflation is out of control and we're expected to believe that these are all signs of the Greatest Economic Recovery of Our Lifetimes.
Inflation is going down, but most people think that means prices will go back to what they were. That's not what it means, prices will stay this high, they are just going up more slowly now. If inflation went to 0, that just means prices will stay where they are now, you'd need deflation for prices to go back down, or an increase in wages to match existing increases.
To be fair, your home insurance likely doubled due to other factors (such as your property being within a newly classified hazard area). Definitely shop around though.
I was told that it was inflation related. Shopped around and everything is worse. I live in a 50 year old house in an even older neighborhood so no zoning changes.
This guy's a rich wobblehead completely out of touch with regular folks.
Gasoline was $1.87 under Trump, it's over $3.50. Doubling the price of gas is a gigantic tax on the poor and the working poor, the lower and lower middle classes. Democrats don't care about these people; they have NEVER cared about them.
Eggs are still 30 and 40 cents each instead of a dime. Another exorbitant tax on the middle class, working poor and families with young children. Democrats don't care; to them the economy is SURREALLY FANTASTIC if they have more discretionary income to blow on miscellaneous crap.
So yeah, the vast majority of Americans understand that the economy is still in recession, headed for depression; a horrible, abysmal mess that only keeps getting worse as prices soar, tax bills climb and dreams of prosperity shrink.
Inflation being kept in check by the Fed doing 100 interest rate hikes makes this idiot Krugman think the economy is robust and growing like it was under Trump. What his ilk never get is that the only thing that brings people up into the middle class and induces prosperity is actual economic GROWTH. Not fancy sleight of hand to make morons think everything is rosy.
Millionaire dumbass, sitting in his millionaire dumbass house wondering why the peasants are complaining. Things have never been better for this millionaire dumbass.
I'm not defending this particular person, but I will say something about this kind of take coming from these sorts of people: they were raised in a cult. They spent years, maybe a decade or more learning all the sacred rules and rites of this cult, and developed a framework through which to understand reality.
And what is currently happening, the disconnect between macronomic health and micronomic health is just straight up not supposed to happen, according to their cult teachings. The relationship between the two intertwined economies was always more complicated and fraught than advertised, but the relationship was at least there. It existed. According to all of their textbooks and teachers and mentors and scholars, the current complete disconnect between "how well the economy is doing" and "how kind economic conditions are to an average worker" straight up should be mathematically impossible. If you brought up this scenario in a Princeton econ course in the 90s you would have been laughed at and condescendingly told that this just wouldn't happen.
Again, I'm not defending the honor of this guy or anyone, really. I just think it's important to acknowledge that this isn't an ignorant and sheltered Marie Antoinette suggesting cake as a bread alternative because she doesn't understand wheat (itself an apocryphal yet still illustrative story from history). This is more like a member of a doomsday cult waking up the next day wondering why all these people are still here.
Or, more accurately, a member of an infinity cult just starting to realize that doomsday is here.
Friends, we have finally reached what was only before a theoretical unproven limit.
The Goal Seek function executed on our key economic measures has finally failed to translate into the recognized reality of the population at large.
We have responded quickly by generating a level 1 incident with Microsoft office team since the Goal Seek function has never before failed to this extent in this way.
Please standby for a retrofit and bugfix patch to be released so that we can bring the populations recognized reality back in line with our goal seek economic indicator results.
They've been making up almost all the numbers since at least 2004.
If you look at things like jobs numbers, you will see that the headline grabbing current metric released in the current month is reported. Then over the next couple quarters they revise today's numbers down to something much less positive or exciting. The revised numbers on those prior reports are never reported to the public because that's old news now and besides there are new shiny numbers from the current month to report and these newer numbers look rosy compared to the revised numbers.
One anomaly to the above described pattern of goal seek positive and revise down afterward reports from the past 19 years is 2017 - 2020. During this odd period, there were multiple occasions where the report came out neutral or negative and was reported that way. In the next few months the prior reports numbers were revised upwards to sometimes be truly positive and impressive numbers. So the goal seek parameters were flipped around for Trump administration so the media could harp on fake negative economic news.
There is a HUGE disconnect. A disconnect between his View on the economy and my "checkbook" because, what he says it is, is not what my monthly spending needs shows it is.
Booming if you own big pharma stock. This isn’t even worth the time to film it unless his target audience is cabalites who are already rich and are the ones raising prices on everyone else.
What pisses me off is 20 years ago I told my investment guy that we should invest in some big pharma. He recommended against it saying that it was a pretty static industry. Probably the worst advice I ever received. We'd be sitting pretty nicely had I followed my gut.
The same economic data that shows that we are in a recession? You know, before they conveniently changed the definition. I'm glad Paul ignored massive inflation, fuel prices, and the highest interest rates since the 80s. I'm sure Paul conflates job creation as good economic data, even though those job gains only came after the job losses from covid...which the government was the cause of.
More proof the Krugman is no where near being an economic expert.
Krugman was born to a Ukrainian Jewish family,[20][21] the son of Anita and David Krugman. In 1914, his maternal grandparents immigrated to the United States from Ukraine,[22]
It's funny, I was watching one of those free old movies on YouTube, and there was one with, funnily enough, Fran Drescher screeching about unions. It was called "Beauty and the Dictator" or something, and it was a Beauty and the Beast story but with The Nanny as Beauty and what can only be described as some sort of Hot Stalin as Beast.
And while they're doing the whole second act seeing new parts of each other shtick, the quasi-communist dictator takes Fran Drescher to a factory to see the glory of their economy or whatever. And during the tour she starts talking to the employees and finding out how much they're paid and the working conditions and she asks why they don't talk to their union rep, and is flabbergasted when she finds out these steel workers or whatever don't have a union. So she organizes a union and maybe even a straight-up strike against The Beast? And he has to be okay with it because those legs va va voooom
It was just interesting to see unions be the symbol and tool of American-styled economic freedom, fighting against the tyrannies of totalitarianism and communism.
Ah, so you'd prefer workers to have no say over their own working conditions, like in a communist country? You're against democracy in the workforce? Things were better for the workers when Hot Stalin ruled them with a sexy iron fist?
What nonsense you've spouted. 🙄
It was because of the harsh abrupt turn in the movie, from fantasy love story to fighting for rights reality. I prefer my romances sappy.
I’m practicing baking bread because 4 dollars a loaf is not sustainable in our food budget. I considered getting a part time job to supplement our income to afford the increased prices but there is literally no jobs available for over 90 miles and I would only be making enough to pay for the extra gas… what is the point?
Diesel is $5 a gallon, groceries are far more expensive, and my home insurance just doubled. Those are just some personal examples that come to mind, but there are many more.
Every metric a working class person uses to measure the health of the economy is abysmal. The only "disconnect" that exists is the one between real people and the fucktard elites we see on TV and in government.
Diesel is well over $6 a gallon in states like Calif.
National average for regular gas is $3.85 while the Calif average is $5.50.
Banks are failing, inflation is out of control and we're expected to believe that these are all signs of the Greatest Economic Recovery of Our Lifetimes.
And more importantly, wages have not kept up!
Inflation is going down, but most people think that means prices will go back to what they were. That's not what it means, prices will stay this high, they are just going up more slowly now. If inflation went to 0, that just means prices will stay where they are now, you'd need deflation for prices to go back down, or an increase in wages to match existing increases.
...and once you increase wages, all the prices start going up again.
Freedom will be dispensed until the morale improves! /s
Well said. Can I give an extra updoot for use of “abysmal”?
Thanks. 😎👍
To be fair, your home insurance likely doubled due to other factors (such as your property being within a newly classified hazard area). Definitely shop around though.
Nope. Home insurance is just creeping up. My mother's has crept up four times this year.
I was told that it was inflation related. Shopped around and everything is worse. I live in a 50 year old house in an even older neighborhood so no zoning changes.
My house insurance went up $50 a month this last month.
"I am getting paid well, I don't know how the peasants are not happy about it."
There’s your “peculiar disconnect”
Maybe you should let them eat cake
This guy has proven time and time again he's just a mouthpiece.
He's never been correct about anything.
I'm convinced that Krugman and Robert Reich are foreign agents.
I know, it's so difficult to figure out. Gosh darn it!
Only the fools who listen and believe.
This guy's a rich wobblehead completely out of touch with regular folks.
Gasoline was $1.87 under Trump, it's over $3.50. Doubling the price of gas is a gigantic tax on the poor and the working poor, the lower and lower middle classes. Democrats don't care about these people; they have NEVER cared about them.
Eggs are still 30 and 40 cents each instead of a dime. Another exorbitant tax on the middle class, working poor and families with young children. Democrats don't care; to them the economy is SURREALLY FANTASTIC if they have more discretionary income to blow on miscellaneous crap.
So yeah, the vast majority of Americans understand that the economy is still in recession, headed for depression; a horrible, abysmal mess that only keeps getting worse as prices soar, tax bills climb and dreams of prosperity shrink.
Inflation being kept in check by the Fed doing 100 interest rate hikes makes this idiot Krugman think the economy is robust and growing like it was under Trump. What his ilk never get is that the only thing that brings people up into the middle class and induces prosperity is actual economic GROWTH. Not fancy sleight of hand to make morons think everything is rosy.
Everything is up and there's no way that this guy doesn't know that. I sure hope the 30 pieces of silver is worth it for the Judases.
"Nobel Prize-winning economist"
That tells you everything you need to know about him.
When Obama won the Nobel Prize for doing nothing I knew it was total bullshit.
Remember when Krugman tweeted out how he was hacked and CP was on his computer? Whatever came of that story?
He’s a democrat, so nothing.
I can't believe I studied this guy in school.
I can't believe I brainwashing this guy in school.
Best thing I've read all day 😂😂😂
You need to get your money back.
Millionaire dumbass, sitting in his millionaire dumbass house wondering why the peasants are complaining. Things have never been better for this millionaire dumbass.
I'm not defending this particular person, but I will say something about this kind of take coming from these sorts of people: they were raised in a cult. They spent years, maybe a decade or more learning all the sacred rules and rites of this cult, and developed a framework through which to understand reality.
And what is currently happening, the disconnect between macronomic health and micronomic health is just straight up not supposed to happen, according to their cult teachings. The relationship between the two intertwined economies was always more complicated and fraught than advertised, but the relationship was at least there. It existed. According to all of their textbooks and teachers and mentors and scholars, the current complete disconnect between "how well the economy is doing" and "how kind economic conditions are to an average worker" straight up should be mathematically impossible. If you brought up this scenario in a Princeton econ course in the 90s you would have been laughed at and condescendingly told that this just wouldn't happen.
Again, I'm not defending the honor of this guy or anyone, really. I just think it's important to acknowledge that this isn't an ignorant and sheltered Marie Antoinette suggesting cake as a bread alternative because she doesn't understand wheat (itself an apocryphal yet still illustrative story from history). This is more like a member of a doomsday cult waking up the next day wondering why all these people are still here.
Or, more accurately, a member of an infinity cult just starting to realize that doomsday is here.
Very good point👌
economy is booming or bombing?...more like bombing
Or Bottoming.
they performed bottom surgery on the economy. it now identifies as doing well.
This guy defines "11" on the 1-to-10 scale of TDS.
He is the Poster Boy for why the Nobel Prize has become a joke.
Barack Obama has entered the chat
I agree to an extent but giving the nobel prize to obama before he did a darned thing in office was an even bigger joke.
Friends, we have finally reached what was only before a theoretical unproven limit.
The Goal Seek function executed on our key economic measures has finally failed to translate into the recognized reality of the population at large.
We have responded quickly by generating a level 1 incident with Microsoft office team since the Goal Seek function has never before failed to this extent in this way.
Please standby for a retrofit and bugfix patch to be released so that we can bring the populations recognized reality back in line with our goal seek economic indicator results.
Thank you for your patience. --mgmt
They've been making up almost all the numbers since at least 2004.
If you look at things like jobs numbers, you will see that the headline grabbing current metric released in the current month is reported. Then over the next couple quarters they revise today's numbers down to something much less positive or exciting. The revised numbers on those prior reports are never reported to the public because that's old news now and besides there are new shiny numbers from the current month to report and these newer numbers look rosy compared to the revised numbers.
One anomaly to the above described pattern of goal seek positive and revise down afterward reports from the past 19 years is 2017 - 2020. During this odd period, there were multiple occasions where the report came out neutral or negative and was reported that way. In the next few months the prior reports numbers were revised upwards to sometimes be truly positive and impressive numbers. So the goal seek parameters were flipped around for Trump administration so the media could harp on fake negative economic news.
This is pretty much spot on.
The economy is dead Jim.
Krugman, "pay me enough I'll say what ever idiotic thing you want me to say." He's the great whore like so many fake news contributors.
There is a HUGE disconnect. A disconnect between his View on the economy and my "checkbook" because, what he says it is, is not what my monthly spending needs shows it is.
The tards have lots of money so NO it doesn’t affect them.
COLA adjustment was only around 3% this year. How they got that number blows my mind cause it should be far higher. They are disconnected beyond help
Krugman is an imbecile.
Wow, are these guys really that delusional.
Yes!!!
The price of steak is way but I guess the price of bug food is level. Maybe that's what he means. I guess he expects us to eat bugs & shut up.
Booming for who? I'm on one meal a day.
Booming if you own big pharma stock. This isn’t even worth the time to film it unless his target audience is cabalites who are already rich and are the ones raising prices on everyone else.
What pisses me off is 20 years ago I told my investment guy that we should invest in some big pharma. He recommended against it saying that it was a pretty static industry. Probably the worst advice I ever received. We'd be sitting pretty nicely had I followed my gut.
The same economic data that shows that we are in a recession? You know, before they conveniently changed the definition. I'm glad Paul ignored massive inflation, fuel prices, and the highest interest rates since the 80s. I'm sure Paul conflates job creation as good economic data, even though those job gains only came after the job losses from covid...which the government was the cause of.
More proof the Krugman is no where near being an economic expert.
"Krugman"? What am I going to find when I look at "Early Life" on wikipedia?
Every. Fucking. Time.
Well, he is a fuckin idiot so there is that.
Educators are doing well--they are always traveling in retirement. Politicians are doing well too. Everyone else, that's a big negatory!
Well, that's what a strong union can get you.
It's funny, I was watching one of those free old movies on YouTube, and there was one with, funnily enough, Fran Drescher screeching about unions. It was called "Beauty and the Dictator" or something, and it was a Beauty and the Beast story but with The Nanny as Beauty and what can only be described as some sort of Hot Stalin as Beast.
And while they're doing the whole second act seeing new parts of each other shtick, the quasi-communist dictator takes Fran Drescher to a factory to see the glory of their economy or whatever. And during the tour she starts talking to the employees and finding out how much they're paid and the working conditions and she asks why they don't talk to their union rep, and is flabbergasted when she finds out these steel workers or whatever don't have a union. So she organizes a union and maybe even a straight-up strike against The Beast? And he has to be okay with it because those legs va va voooom
It was just interesting to see unions be the symbol and tool of American-styled economic freedom, fighting against the tyrannies of totalitarianism and communism.
"Beautician and the Beast". It wasn't a bad movie until she started in on the union bit.
Ah, so you'd prefer workers to have no say over their own working conditions, like in a communist country? You're against democracy in the workforce? Things were better for the workers when Hot Stalin ruled them with a sexy iron fist?
What nonsense you've spouted. 🙄 It was because of the harsh abrupt turn in the movie, from fantasy love story to fighting for rights reality. I prefer my romances sappy.
The economy is not booing: wages not keeping pace with inflation, higher gas, food and insurance costs, higher interest rates.
I’m practicing baking bread because 4 dollars a loaf is not sustainable in our food budget. I considered getting a part time job to supplement our income to afford the increased prices but there is literally no jobs available for over 90 miles and I would only be making enough to pay for the extra gas… what is the point?
"Baffle them with Bullshit!"
You are the disconnected one.
What a putz.
I have resisted for a long time, but time and time again I’m seeing it. He’s a jew.
Not only that, he’s from a Ukrainian Jewish family.