/biz/ - Business & Finance

the real mistake here is treating credit card default like its the lagging indicator, and not the leading indicator

>>56185447
Right? I thought it was funny how two months ago Powell mentioned how he didn't understand how the economy was so persistent, and why spending wasn't going down. It's cause folks are just going into massive depth to maintain an unsustainable lifestyle.

>>56185577
i refuse to believe economists are ignorant when theres such a clear incentive to be malicious instead.

>>56185577
tbqh this has been massively overlooked
a lot of families in my social circle have looked fine but they're starting to really struggle as the rates, inflation, and wage stagnation have persisted
they're not downgrading their lifestyle, just backloading it to their future

>>56185657
It's because we let women run everything.

Cost of living skyrocketed while wages remained the same. Isn’t it fucking obvious??

>>56185689
yeah real
and the cycle continues
>>56185706
we don't care about souls, we care about GDP per capita

>>56185303
my personal favorite is when the media straight up says something like "the recently poor people who were previously middle class and have racked up tons of debt since 2020 just don't understand how well the economy is doing!" and then push some non-sequitur culture war policy bullshit and expect us to clap like seals

it's just openly spitting in the face of the populace, and nobody does anything about it

>>56185651
It's not that they're malicious per se, it's that they're paid to ignore politically inconvenient facts.

>>56185706

Real wages are actually decreasing. If you were living at or above your means before you are going into debt now to maintain your current expenditures.

>>56185303
I don't understand how anyone can possibly have credit card debt. It is not that expensive to live as long as you don't make retarded decisions. People don't want to adjust their lifestyle to match their reality so they finance everything and get eaten alive by interest which just makes the problem even worse. Fucking STUPID.

>>56185826

You don't understand the heart of the normie. They must consoooom

>>56185303
Are they lying or are they stupid?

>>56185303
>Do these people never leave their ivory towers?
they will once they're burning

>>56185721
>It's not that they're malicious per se, it's that they're paid to ignore politically inconvenient facts.

Yet the people have spoken.

>>56185303
western society ended the second women were given the right to vote.

Niggers don't pay their bills...next.

>>56185651
If economists were actually smart they would be rich as fuck instead of being wagie mouthpieces

>>56185826
>>56185689
Women have to have more expensive things than their friends and men have to get them for them.

>>56185826
everything you used to buy used to be a lot cheaper now you cant afford it so you use your credit card

>>56185303
Modern economics is built on premises and assumption that are increasingly turning out to be absurdly wrong if not outright fraudulent. In fact 75% of economics feels more like a religion attached to economics to disguise it as scientific.

>>56185303
>Do these people never leave their ivory towers?
No they don't.

>>56186069
It's definitely NOT a good time to be in a LTR with a woman right now. The vast majority of them are a drain on your finances and times are just too tough. Unless she adds to your life in a major way and knows how to live frugally, she's going to run you into the ground and of course leave after.

I feel sorry for the cucks that are married. If they don't keep their wife's lifestyle up, it's over.

>>56186103
If I couldn't afford something, buying it on credit and likely paying interest isn't going to be any better. I would
>Reassess if I need said thing in the first place
>See if it can be done cheaper
>Possibly put it off altogether for when I actually have money

>>56186384
There's "marriage" and then theirs actual marriage. If you're an atheist and you get "married" you're a goddamned retard.

>>56186476
I agree. If you're atheist or not intending to have kids, what's the point

>>56186422
>Reassess if I need said thing in the first place
>See if it can be done cheaper
>Possibly put it off altogether for when I actually have money
This becomes a lot more of an issue when the choice is between keeping the power or food in your stomach, which is rapidly becoming the new normal for a lot more people than it ever should be.

Who are these "economists"?

>>56185942
It would look a lot worse if the likes of Krugman et al. weren't being paid off to push pro-regime propaganda, I can tell you that with 99.9999...% certainty. Imagine being a bonafide midwit who can't or won't put 2-and-2 together and accept the system is fucked and instead outsources their thinking to paid shills.

>>56185855
and you don't understand m1, m2 or inflation.

relative to wage growth, asset prices and the economy as a whole, lending (here shown as consumer loans: credit cards etc) has actually gone down.

It was 800-840 billion up to the end of 2019 and beginning of 2020.
It's 980 or thereabouts in the 3rd quarter of 2023.

That's about a 16-17% increase in total consumer loans over the course of 3, almost 4 years.
And those 3, almost 4 years, were years of notably high inflation.

Assets have gone up way more than 16%.
Wages have gone up way more than 16%.
What hasn't gone up way more than 16%?

You might even say that much of the debt has been inflated away.

You might even say that this was part of the plan.

But sure, speak about 'the heart of the normie' anon, because you know it all.
Or maybe you don't?

ps. to the link fuddies, never selling.