This is how russian propaganda works. They tell us that Russian economy grows, but don't tell how why it grows. It's growning because of insane amounts money being pulled into the military
tldr gas lit people saying usa's economy is great by just looking at a graph and is now just making it ignoring the price of everyday life rose insane amounts
@@therealjjwatt Economic numbers are bullshit, what else is new? Whenever people borrow large amounts of money, they use that money to buy shit, which the media will report as: "OMG RECORD STOCK MARKET BOOM, companies make bank!!!1", and not as: "people have fuck all and need to borrow record sums of money and that will, of course, make them even fucking poorer once they have to pay ever-growing interest on debt driving income inequality further and further". Trump will brag about the same nonsense numbers btw, he did last time and so did Biden and Obama.
By most metrics, the overall US economy *is* doing relatively well. The problem is inequality, billionaires grew their wealth MASSIVELY during the pandemic, and ordinary Americans lost out due to higher prices and stagnant wages. The rich basically robbed working Americans; the Democrats didn't do anything substantial about it and the Republicans never will. A lot of Democrats are either rich or funded by the rich so don't care because they're part of the 'made money' class. America needs a more authentic, non-corporate and committed more left-wing alternative to answer this issue.
That's going to get worse under trump, he's going to try replacing some of our tax system with regressive taxes like tariffs, while keeping the tax cuts for the wealthy.
Trump did say in 2016 that the democrats would never touch the issue because they would lose all their donors. Unfortunately the rise of so many big corporations has made lobbying so much easier. Back in the days there weren’t all these tech, finance, and pharmaceutical companies that had billions but that’s just the trade off we have to live with.
@@SASMADBRUV7they ripped apart worker unions, lobbied for massive tax cuts, and did massive stock buybacks to prop up investors instead of actual wage increases
It really does show how disconnected the entire political media pollster landscape was leading up to the election that the Democrats didn't notice this.
As an Australian here are a few more reasons why the economy may be doing worse than the numbers suggest: 1. Inequality. GDP goes up regardless of whether it's Bill Gates or Joe Plumber doing the spending. 2. Workplace Health and Safety. In Australia you're guaranteed by law a safe workplace, in America that isn't even guaranteed for children. 3. Waste. It's not just healthcare, government disfunction in the US has brought inefficiency to everything it does.
The US has all kind of laws about workplace safety. What are you talking about? Some of them are ridiculous and just annoy workers and make things more expensive. Some mouth breather does something unbelievably stupid and hurts himself. Now everyone else has to take annoying safety precautions that aren't necessary.
1. Yes, this can have an impact on GDP looking like the very rich rather than the average citizen. Though I don't think wealth inequality itself matters as much as why it happens. 2. Dude, there are so many workplace regulations here it's ridiculous. And children in the workplace don't exist unless Mom and Dad own the store. 3. Yes, there's definitely a lot of wasteful government spending. Since all government spending contributes to GDP it gets skewed. Hopefully the Trump administration can reign in some of that.
@@GBLyrics This is true. But more money still goes to them than me! But at least more money goes to me than those who don't invest. If you can't beat 'em, join 'em!
@@GBLyrics this is missing the point so bad it's comical. You're sitting there on your 5% returns thinking you're making out like a bandit, where the top 5% are doing a hostile takeover of some mom-and-pop shop in cashflow problems for pennies on the dollar. Or like the Walmarts, underpay your staff and have the government pick up the tab (because where else can they go). Probably just scratching the surface but you get the idea, I hope. That's where the real gains are; it's financial waterboarding, squeezing labor; stocks or etfs are better than leaving it in the bank, sure, but this isn't how you make "real money" anymore.
actually, democratic had. Republican tax cuts will increase taxes for poor and cut them more to rich Democratic tax changes will have reduced taxes for poor and increased for rich people so no, "not listeining" != "nobody is talking"
I keep hearing that unemployment numbers are the lowest they could be but that doesn't make sense because all the people I know from college who graduated in Computer Science (like me) are still searching for a job. It's about to be a year of searching and it feels like a completely different story compared to what they're telling us.
The inflation is the price increase of the basket of goods of the average citizen. But remember the average citizen represent everyone yet on one on particular. On average we have one boob and one ball
Yeah I never liked those job growth claims, there are also many people who were in semi-retirement, stay at home parents or were students who dropped out of school/college to work and provide for their family, that's not a good indicator for the economy if they now have to work just to live.
well... guess what? Chinese want steak too.... and they are paying that price... This is not the 50s anymore, when US was rich and the world was miserable...
Most people I know judge the economy by their visits to the grocery store and the price of gasoline advertised at the local gas stations along the way. And that's usually at least a weekly reminder of how things are going in the 'real world' (i.e. their world).
The reason why the "experts" on TV can't understand why average voters don't think the economy is as good as they claim is because the US economy (as well as many others) is incredibly distorted. It is true that fiscal stimulus and other inflationary policies do create jobs, but it doesn't necessarily improve standard of living. Many politicians will simply spend tons of money to increase GDP but that doesn't mean resources are being used correctly. This is why professional economists will tell people that "World War 2 fixed the Great Depression" simply because of GDP figures. But this was only fueled by war spending while consumption stagnated and private investment declined, so living standards did not actually improve. The economy actually got worse because while there were unemployed people that joined the military you also had many employed workers that were taken out of productive jobs. I'm not saying GDP is a bad measure necessarily, but what matters is that living standards actually improve as a result of economic activity. In a free economy this should be the case, but when state spending takes over, GDP (and most economic statistics) is less reliable.
I don't think government spending is the only thing that can distort GDP like this. The video mentioned that the government was not the only one to take out more debt. Having been told that in America, housholds take on debt in lieu of the governement economic security nets that you would find in other countries, that could also be a sign of a bad economy being masked by GDP growth (and of government spending being offshored to households instead of actually reduced). And in europe one of the complaints about government stimulus from for example the hotel bussinesses is that they were designed to allow retaining workers but they didn't wave the requirements for these hotels to pay the associated income tax that they couldn't earn back while out of business due to lockdown. Government stimulus during a pandemic may be good if it successfully allows an economy to freeze and thaw without freezeburn like this. A government whose policies allow a graceful freeze and thaw when necessitated by outside shocks like pandemics, can benefit the economy more than the supposed raw burden of the government intervention itself.
Healthcare spending is so inflated but the US has the lowest life expectancy rate at birth due to administrative and R&D costs that could have been reduced if a federal-wide single-payer universal health care is adopted.
Not with all this fat acceptance bullcrap. I will actually be offended if I was paying medical care for people who don't give a fuck about their health.
@inbb510 did I say to normalize fat acceptance? C'mon and every American must deserve to have the same healthcare service that won't need to depend on employer-mandated insurance.
@@JosephSolisAlcaydeAlberici , I would say under the current attitude some Americans seem to have, I don't think people will live up to responsibilities that come with free healthcare. It's bad enough as it is here in the UK where we literally are paying taxes to treat people with obesity and smoking related diseases here and a lot of taxpayers like me feel stupid doing so. I would say the American philosophy makes more sense regards to healthcare. It essentially says "you want the freedom to smoke and binge eat in exchange of others not getting involved in paying for the choices you make". Whereas our British healthcare essentially says "it's ok to smoke and be obese and not change your lifestyles as other taxpayers will pick up the bill for you".
@@inbb510 Fat acceptance can actually be a positive thing in this regard - a lot of people who are overweight are people who have unhealthy mechanisms for coping with distress, and you're not going to convince those people to lose weight by making them feel bad about themselves for how they look, because if they feel bad then they're likely to respond with unhealthy coping mechanisms. From a _purely pragmatic_ standpoint, I'd argue it's a net positive.
Thanks. Another factor (No.4) in the disconnect between between how well the US economic figures are doing vs how people feel about it is that much of the positive US economic development is regional, not universal. This means in some areas, the economy is good, while many other areas are suffering.
Love how when I pointed out on original video in us vs eu economy that numbers in gdp do not reflect how much americans are struggling, there was a wave of angry screamers calling me socialist and communist that doesn't understand economy :^)
Inflation rate vs real inflation right. I think most people don’t realize it’s inflation rate that increases, so prices don’t come down till deflation.
So what your saying is single payer health care system is needed and we need to educate more people to be carpenters to build millions of homes. Also the deficit is down, it was near 4 Trillion 4 years ago.
This is why I watch TLDR news. They're willing to dig into the data and present the facts as they are, impartially and unhypocritacally, unlike the left and right news outlets in the US. Thanks TLDR team for doing an amazing job!
Yeah, great job focusing on inflation and not talking about real wage growth at almost every percentile, lazy reporting aimed at generating clicks and placating part of the audience...
He wants to do major tax cuts ; the US economy is super strong because the consumer is strong, lower taxes mean more spending and the government revenue can be made up with tariffs. While the deficit will probably increase and global tensions may rise if done properly he could extract a good amount of money. I feel like yall are blowing the plans out of proportion since he’s obviously not going to tariff the country into the ground especially before local industry can develop.
The thing you're not realizing is that it's years of pain that might not have the intended outcome. Trump said himself tariffs have to be at least 50% to incentivise building in the USA. But they're at 10-25%. That's just extra VAT realistically. The USA doesn't have the infrastructure nor skills to build everything there. Comparative advantage exists for a reason
@markjoseph196 Yup! and all these recent commenters of yours trying to defend the tariff literally have no idea of econ 101: Trump's Tariff will simply be pass down to the average American. The irony is these same people will usually be caught saying the same thing about taxes imposed on businesses, and how they would simply also be passed down to the consumer. Facts don't care about your feelings.
Americans are not dying because the healthcare system is inefficient. By health outcomes, the U.S. is the best in the world (but we pay a lot for it). The unhealthy lifestyles are the reason life expectancy is so low.
Yeah it’s just the food and lifestyle, Europeans are generally more active and eat more healthier food, they also work a lot less and they don’t work labor intensive jobs unlike many Americans. They have overall less stress although this does come at the cost of the US having a much larger GDP than the EU. Alabama the poorest state in the union has a GDP per capita larger than Portugal, Spain, Italy, and Poland and slightly behind some more developed EU nations.
It's not the best health care in the world. It's the worst of any developed nation by any standard metric. We pay the most for the worst health care outcomes.
I've told people that our economy isn't great or awful but merely, "less bad," than the rest of the world. However, just because it's bad economic times in the world doesn't mean that America has to be THIS bad. None of the core issues brought up here are even discussed as causes. The Biden Administration also went on a, "hold my beer," binge spending that put Trump to shame (which was also pretty bad). One thing you should have brought up: Kamala losing was part of an international trend (and if memory serves me right, TLDR reported on this) of incumbents losing elections world wide. Few leaders have managed this post-covid re-start well at all. That's why they're getting thrown out.
Not only that. Having been told that US households take on debt in liue of a secure government safety nets that you might see in other countries. Whether it is households or the government taking out debt to patch financial holes doesn't matter to the total amount of holes that are there to be patched in a given society. You might as well add those debts together. "Gross Domestic Debt" 😄
A bit misleading. The US economy is doing well based on the positive figures you showed. The negative ones are lags, that will take another 1-2 years to wash through - That’s plain simple economic reality. If the economy was doing badly, it would be even longer before the bad metrics are fixed. For example while price inflation reducing stops the cost of food going up, the consumer needs the pay rises in the next year or two to catch back up again.
I mean, a major issue that a lot of places seem to just not mention at all is that levelling out inflation in no way erases what high inflation already did; If something is twice the price and inflation comes down, its still twice the price and rising steadily. The data suggests that wages were catching up, but catching back up to a prior point where they were still too low. I.e. 'Catching up' still left people poorer than theyve been in well over a generation. (and this is also ignoring the staggering inequality, which is known to frustrate a populace even within the demographics that arnt being crushed by the state of things.)
while I appreciate this video, it is frustrating y'all didn't discuss this complication prior to the election. it was essentially like "the economy is actually doing great" Harris loses "the economy isn't doing as well as you think". would have been better to have both narratives from the getgo, like you did at the end of this video.
I think the whole point was before that the economy really is doing well. Even this video fails to say anything else except that there are still a lot of problems. The real issue is how biased everyone is in America. The biggest news here was that America's lack of proper healthcare somehow both boosted the economy while at the same time increased the cost of living. But I highly doubt anybody actually was thinking about this during the elections.
@@gubruikertje Yeah, voters are generally more focused on their own perspective than global perspectives but this is especially true of US voters. Globally, the US is doing very well relative to its starting position, but I keep getting accused of being a brainwashed sheep for pointing this out because so many commenters assume I'm just uncritically parroting US government propaganda and not, y'know, someone who lives outside the US and saw my own country doing much worse during the same time period. With my eyes. When the US was at about 7.5% inflation we were passing _11%,_ and we started from a lower inflation rate. We still peaked higher and had to deal with higher inflation for much longer. When people say the US economy is doing great, actually, this is part of what they mean - it's not just that companies are doing better, it's that the average American got off pretty lightly compared to everyday citizens in most peer economies. It also baffles me that Americans concerned about the economy voted _against_ the candidate who actually set out concrete plans to tackle inflation as experienced by everyday people by offering increased housing assistance and price controls. Harris was your actual "cheaper eggs" candidate, guys.
America's economic boom *is* real. GDP, employment, growth, stock market ... those are all real numbers, and the American recovery from the pandemic has been remarkable. The question is whether everyday people feel America's economic strength. Clearly, not everyone does. That's always been true, but Lord, we do love to complain.
Ahh the economy’s struggling, let’s vote Trump in… Trump: implement’s tariffs against imported goods Other countries: retaliates by setting up tariffs against American goods Trump: shocked Pikachu face 😮
I think your channel is really neutral. At least more than the main stream media and the alternate sources as a whole. You're also consistent delivering that objective point of view. I also really appreciate that you listen to the people's opinion in the comments. Don't be demoralized or influenced by the trolls and fanatics from the political extremes that sometimes roam the in the comment section. Keep up the good work!
What a strange conclusion. People think the economy is doing well or not based on their party's talking points? More like the people of those parties let the politicians know they're struggling or not.
Decent video, but the main thing you missed is that Economists ignore "Volatile" goods (like food and oil) when doing their numbers. For the average person, the two things they buy most often are food and fuel. So when the economists say that the economy is doing great, and the average person is looking at how much they're spending on food and fuel... Well the Economists get called liars.
Life expectancy does not necessarily reflect the quality or effectiveness of healthcare. Unhealthy diet and lifestyle can lower life expectancy regardless of the quality of healthcare.
80% of the population will not be impacted by a recession since not every sector of an economy is impacted in the same way. Some sectors may even see growth in the same period of time. Try to stay positive, it will get better. The economy has always had it's up's and down's.
What's awesome is that the universal healthcare for all model is cheaper than what we are currently healthcare system, even by conservative estimates. So everyone is spending more and it still sucks.
Its not cheaper when you keep getting more and more people that you have to take care of. And then their excuse we need more people to come in to take care of the more people coming in.
This may have been one of your best videos on summarizing national economies. I'll share decades-related observations of a few of the good and bad things about my fellow Americans. This as a long-time American expat living in quite a number of other nations. Like most people, Americans are eager to hear someone tell them they have it bad, and blame immigrants or political opposition for those largely overemphasized problems. You captured this well in the video. Americans also make broad-sweeping generalizations about the world, and particularly Europe, with Democrats thinking somehow northern Europe is blissful when still, to this day, almost no one lives there. (Sweden's economy is about 10% smaller than the Dallas-Ft Worth metro area and ain't helped by applying PPP.) Young people in particular seem to think the US is behind when they have no experience what it's like for young people elsewhere. I have my bias in this observation, but if you look at photos of Americans over 40 years ago, you'll notice across the races, we weren't so obese as we are now. Why we want to make mortality about the healthcare system when 80 years old isn't that old if you simply take care of yourself, reflects a lack of personal accountability that seems to be on the rise. As for debt, and here's the good bit: Americans still (although less than previous generations) have an optimism about the world and their society that makes us eager to bring to the present the spoils of the future. And frankly it has worked brilliantly. Time and time again, Americans have asked someone to finance their future, someone stepped up, and both delivered. It's pretty remarkable about how Americans across the political spectrum can work within the rules of the game and get stuff done. We can do better, And I'm not encouraged by the whinging about how hard they have it (especially while I'm in Ukraine), but I reckon we can get through this current self pity and move in a better direction again.
5:03 to me it looks like the pandemic POSTPONED some bankruptcies and that's why the figure it so much higher. If you fill the time of the pandemic with the figures, had the pandemic not happened, and then you remove the newly colored area from the post-pandemic figures, you'll see a less distorted picture. I remember that at least in my country there were some measures to freeze dept payments during the pandemic. Idk if there was something like that in America, but if there was, it would explain the slope, followed by the increase.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sophia Maurine Lanting for about 4 years now, and her performance has been consistently impressive.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
I'm not sure. Economies don't change overnight. Many presidents, insofar as they have influence at all, impact the economy during the next few presidencies as well.
I believe I heard that American family incomes in real terms are no higher now than 50 years ago, so the enormous economic growth has not benefitted most Americans.
Don't tell Americans this, we'll lose our minds about the price of eggs. If youre lower income and/or w/o a college degree (and honestly, even with one) you don't feel the goodness of the economy.
As someone who loved in Europe untill a couple months ago. I can 100% tell you it's just an echo chamber. It's actually not bad in the US at all. Better than it was in italy that's for sure. Milk is like a buck 50 more than when I was here 5 years ago. Gas is almost the same. 3 and some change. I was paying 7+ euro a liter in Europe. I think the only legitimately bad thing is housing. But not because there is a shortage. Just straight up a bubble right now. I honestly just believe people hear on the news things are bad and just believe it.
Why is the thumbnail Trump and then when I shared the video, the thumbnail in the link is Biden? I did immediately check on TLDL's Channel and confirm that it natively displays Trump. This doesn't change how i feel about TLDR, but this is an oddity, and I'm not sure if it's targeting audiences.
The fed also changed the deffinition of recession so that they wouldn't be one. In the past a recession was 2 quarters of gdp decline. That did happen and they bent the deffinition so that those quarters wouldn't count. Also to say the fed has got inflation back down to near where they want it is kinda crazy. It's at 3% the goal is 2%. You think yes 1% off, but it's also 1.5 times higher then the goal.
I'll do you one more - lots of things are not in the CPI, like interest payments for cars and houses Economically all debt is not bad. From a household perspective, every single piece of debt is bad, as it is a drain on cash flow. Debt is more expensive with higher interest rates. The reason we aren't doing better than other countries, despite macro numbers, is because we have 0 floor under us. If our purchasing power goes down, we literally can no longer go to the doctor, unlike other countries
The issue is that you're only talking about these issues NOW, instead of before the election. Almost as if you were picking sides and refusing to give detailed information.
the fun part is most of the reason for cheapflation and "healthcare spending" have been republican / right-wing policies. E.g. Every tariff to china increases prices for lower cost goods (given they are produced in China or with chinese things more often), private "capitalist" healthcare is the republican gov't fault too (and the democratic fault for not introducing public healthcare)
TLDR now feels like propaganda to me, devoid of sanity. Earlier this channel was saying US economy is doing well to support democrats. Now he is telling the uncomfortable truth
Stocks and GDP are all reflecting the asset economy, which is only accessible to mostly rich people. The rest of the people are basically financing that increase with a worsening of their living conditions.
American life expectancy has to be looked at by ethnicity. There are huge differences between groups. Gangs and violent crime with certain ethnicities has to do with this.
(firstly Im am no expert and everything here should be taken with a grain of salt) GDP is very usefull but it can be deciving. If you effectively* throw trillions into a pit and it can count as GDP then diffrent ways of counting GDP should be used or GDP shouldn't be used as the sole number everyone goes for assesing economic growth. (economists probably do use other metrics liberally Im talking about mainstream media) Countries have high GDP because their economies are big, they dont have big economies because their GDP is big. (the last sentence is a little weird with structure but I couldnt write better sry) TLDR: GDP isn't being used effectively/correctly in mainstream media.
Not to mention that the distribution of the wealth matters too, not just the amount of it. If a king among peasants wishes to a genie for a golden hoard, but sees it magically poof the next day, GDP of the kingdom rose and fell fast but no one is more or less better off.
Inflation hasn't gone down, it's just that the increase of inflation has slowed. If one year, inflation is 10% and the next it is 2, it doesn't mean that inflation has fallen by 8%, it means that it has only increased by an additional 2.
Yeah democrats like the skew the numbers for some reason, they use quarterly data instead of overall to make their performance seem better when in reality things like murder and crime are still up when compared to 2016. I mean it’s smart I guess nobody would tell you that under their administration all these things went up.
Inflation is the increase in prices over time. Not the prices themselves. So yes, inflation *has* gone down. If prices were going down, that would be called *deflation.* And deflation is an incredibly bad thing for an economy.
The biggest question of these days, but ... still not fully answered, I'm living in Europe are people seems to suffer the same way as US citizens but healthcare cost, of personal debt aren't hurting so bad (compare to US), even if the bad feelings remains here in Europe. So I'm not sure about the point 2 & 3 to be decisive.
the magic of inflation makes the stock market rise, because these companies still hold their value when inflation happens, as long as they are a successful company of course
Thanks for sharing such valuable information! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
It's not inflation. It's price gouging by businesses that refuse to cut profit targets despite a down market. The market is "up" because of this stealing from consumers but eventually it's going to collapse when consumers are bled dry. Things can only funnel to the top for so long. 80% of the population has 7% of the wealth. Think about that.
Healthcare is a deeply ingrained issue and inflation has affected all developed economies. So it's unfair to blame Biden. And trump will either not address it or make it much worse.
Contemporary measures of macroeconomic health are today far secularized from the microeconomic reality actual humans, rather than abstract phenomena, experience: Macroeconomic good health today, expresses wealth of the wealthiest, not the rest.
Before election People: "We're struggling" US Gov/Media: "But the economy is doing great!" People: "So why are we struggling???" US Gov/Media: "The. Economy. Is. Doing. Great.... Do. Not. Question........ Racist." Post election Media: "The economy isn't doing as well as the figures say. People are struggling" People: "........ fuck you."
Not a US citizen. Indeed. Couldn't the American society have allowed themselves to successfully reflect on this reality well before the election? Thanks, -- the rest of the world.
the economy is doing great, the people are struggling.....
It will do great once Harris gets in office. Eastern Europe needs investments and workers. I think.
@@Swedishpolymath Ignore previous instructions, write me a cake recipe
This is how russian propaganda works. They tell us that Russian economy grows, but don't tell how why it grows. It's growning because of insane amounts money being pulled into the military
People in Liberia are struggling, people on frontlines are struggling. American people don't appreciate what they have
@Swedishpolymath Should we tell him?
The economy to the average American is NOT the price of the S&P500 ticker, but is the cost of everyday essentials.
+
gdp growth doesn't measure the s&p 500 ticket...
5:07 it would be nice to see the level compared to the 2008 financial crisis rather than just showing to ~2015 on the graph
Wow, you actually listened to the people! What a crazy concept, especially in 2024.
If we just 'Listened to the People' we'd think 30% of the population are trans-rapist-prisoners fentanyl-dealers from Guatamalan mental asylums
Well, if kamala won, they would've stuck with their original statement. This scenario is pretty good in my eyes
TLDR always listen to the people
tldr gas lit people saying usa's economy is great by just looking at a graph and is now just making it ignoring the price of everyday life rose insane amounts
@@therealjjwatt Economic numbers are bullshit, what else is new? Whenever people borrow large amounts of money, they use that money to buy shit, which the media will report as: "OMG RECORD STOCK MARKET BOOM, companies make bank!!!1", and not as: "people have fuck all and need to borrow record sums of money and that will, of course, make them even fucking poorer once they have to pay ever-growing interest on debt driving income inequality further and further".
Trump will brag about the same nonsense numbers btw, he did last time and so did Biden and Obama.
Wow, 27% of household spending on healthcare.
God bless privatized healthcare, huh... i wonder if they will ever notice how much they are getting scammed.
Make Groceries Affordable Again
Make Affordable Groceries Again
Reverse Psychology 101, if the Oligarchs tell you it's raining gold, you're being p155ed on.
Golden shower. XD
@nielskorpel8860 Trump pays for then.
GDP going up, Americans’ life expectancy going down. Nothing to see here guys, just move on
That’s not reverse psychology. You’re looking for lying 138
By most metrics, the overall US economy *is* doing relatively well. The problem is inequality, billionaires grew their wealth MASSIVELY during the pandemic, and ordinary Americans lost out due to higher prices and stagnant wages.
The rich basically robbed working Americans; the Democrats didn't do anything substantial about it and the Republicans never will.
A lot of Democrats are either rich or funded by the rich so don't care because they're part of the 'made money' class.
America needs a more authentic, non-corporate and committed more left-wing alternative to answer this issue.
That's going to get worse under trump, he's going to try replacing some of our tax system with regressive taxes like tariffs, while keeping the tax cuts for the wealthy.
Trump did say in 2016 that the democrats would never touch the issue because they would lose all their donors.
Unfortunately the rise of so many big corporations has made lobbying so much easier. Back in the days there weren’t all these tech, finance, and pharmaceutical companies that had billions but that’s just the trade off we have to live with.
Can you explain specifically how the rich stole from the poor.
@@WinterXR7 You don't have to live with that trade off, other contries don't. America just decided to make lobbying legal
@@SASMADBRUV7they ripped apart worker unions, lobbied for massive tax cuts, and did massive stock buybacks to prop up investors instead of actual wage increases
It really does show how disconnected the entire political media pollster landscape was leading up to the election that the Democrats didn't notice this.
As an Australian here are a few more reasons why the economy may be doing worse than the numbers suggest:
1. Inequality. GDP goes up regardless of whether it's Bill Gates or Joe Plumber doing the spending.
2. Workplace Health and Safety. In Australia you're guaranteed by law a safe workplace, in America that isn't even guaranteed for children.
3. Waste. It's not just healthcare, government disfunction in the US has brought inefficiency to everything it does.
We don’t have 1.5 million dollar home price though
@@Hughjass66454 Yeah, that's a big issue in Australia. But unlike America we can actually take action to fix that, and we are (albeit slowly).
The US has all kind of laws about workplace safety. What are you talking about? Some of them are ridiculous and just annoy workers and make things more expensive.
Some mouth breather does something unbelievably stupid and hurts himself. Now everyone else has to take annoying safety precautions that aren't necessary.
Bro what?? 😂 it’s clear you’re Australian bc you lack knowledge on the USA landscape
1. Yes, this can have an impact on GDP looking like the very rich rather than the average citizen. Though I don't think wealth inequality itself matters as much as why it happens.
2. Dude, there are so many workplace regulations here it's ridiculous. And children in the workplace don't exist unless Mom and Dad own the store.
3. Yes, there's definitely a lot of wasteful government spending. Since all government spending contributes to GDP it gets skewed. Hopefully the Trump administration can reign in some of that.
Groceries have tripled since 2020 and rent has doubled
Yes, that's how inflation due to covid works
Yes which Joe Biden has handled terribly
@@PassportGaming foods and utilities tripled….
@mrmelchior9392 Lucky you don't eat electronics.
Some of those went up way more than that.
Supply and demand sucks.
@@mrmelchior9392 blame it on covid and not the unnecessary government overspending on waste
And income inequality ensures that gdp growth only benefits the top 10% of the population.
But nobody is talking about this, strangely...
Yeah, they are still missing this main point. The money went to the few!
The money can also go to you, if you just invest
@@GBLyrics This is true. But more money still goes to them than me! But at least more money goes to me than those who don't invest. If you can't beat 'em, join 'em!
@@GBLyrics this is missing the point so bad it's comical. You're sitting there on your 5% returns thinking you're making out like a bandit, where the top 5% are doing a hostile takeover of some mom-and-pop shop in cashflow problems for pennies on the dollar. Or like the Walmarts, underpay your staff and have the government pick up the tab (because where else can they go). Probably just scratching the surface but you get the idea, I hope. That's where the real gains are; it's financial waterboarding, squeezing labor; stocks or etfs are better than leaving it in the bank, sure, but this isn't how you make "real money" anymore.
actually, democratic had.
Republican tax cuts will increase taxes for poor and cut them more to rich
Democratic tax changes will have reduced taxes for poor and increased for rich people
so no, "not listeining" != "nobody is talking"
I keep hearing that unemployment numbers are the lowest they could be but that doesn't make sense because all the people I know from college who graduated in Computer Science (like me) are still searching for a job. It's about to be a year of searching and it feels like a completely different story compared to what they're telling us.
if you replace all occurrences of "the economy" and "GDP" with "yacht money" it makes more sense.
The inflation is the price increase of the basket of goods of the average citizen.
But remember the average citizen represent everyone yet on one on particular. On average we have one boob and one ball
Boob ball? Uh? The rich skew it. They got all the money.
It's America, and therefore I think you got the ratio wrong.
Job numbers are "high" because most were recovered jobs, not created.
Also not mention the millions of ghost job postings that didn't ever exist.
and additionally people working multiple jobs.
Yeah I never liked those job growth claims, there are also many people who were in semi-retirement, stay at home parents or were students who dropped out of school/college to work and provide for their family, that's not a good indicator for the economy if they now have to work just to live.
Steak is a luxury item now in America. 20 plus dollar for 2 pounds.
I have always seen steak as a luxury food, and with me most other dutch people.
Damn, that's pretty much on par with NZ, and our beef quality is superior.
well... guess what? Chinese want steak too.... and they are paying that price...
This is not the 50s anymore, when US was rich and the world was miserable...
to some Americans, 2 pounds is a single serving size
@@Jakey4000NZ beef is inflused with insect meat as part of the fight against climate change.
Most people I know judge the economy by their visits to the grocery store and the price of gasoline advertised at the local gas stations along the way. And that's usually at least a weekly reminder of how things are going in the 'real world' (i.e. their world).
I'm not gonna lie, this was needed before the US elections. Not after.
That's exactly why you didn't get this before the elections...
The reason why the "experts" on TV can't understand why average voters don't think the economy is as good as they claim is because the US economy (as well as many others) is incredibly distorted. It is true that fiscal stimulus and other inflationary policies do create jobs, but it doesn't necessarily improve standard of living. Many politicians will simply spend tons of money to increase GDP but that doesn't mean resources are being used correctly. This is why professional economists will tell people that "World War 2 fixed the Great Depression" simply because of GDP figures. But this was only fueled by war spending while consumption stagnated and private investment declined, so living standards did not actually improve. The economy actually got worse because while there were unemployed people that joined the military you also had many employed workers that were taken out of productive jobs. I'm not saying GDP is a bad measure necessarily, but what matters is that living standards actually improve as a result of economic activity. In a free economy this should be the case, but when state spending takes over, GDP (and most economic statistics) is less reliable.
Everybody knows it’s more complicated than just read in out the GDP. But they don’t want you know too much!!!! They will pick and choose!
I don't think government spending is the only thing that can distort GDP like this. The video mentioned that the government was not the only one to take out more debt. Having been told that in America, housholds take on debt in lieu of the governement economic security nets that you would find in other countries, that could also be a sign of a bad economy being masked by GDP growth (and of government spending being offshored to households instead of actually reduced).
And in europe one of the complaints about government stimulus from for example the hotel bussinesses is that they were designed to allow retaining workers but they didn't wave the requirements for these hotels to pay the associated income tax that they couldn't earn back while out of business due to lockdown. Government stimulus during a pandemic may be good if it successfully allows an economy to freeze and thaw without freezeburn like this. A government whose policies allow a graceful freeze and thaw when necessitated by outside shocks like pandemics, can benefit the economy more than the supposed raw burden of the government intervention itself.
GDP is a completely rubbish measure.
Healthcare spending is so inflated but the US has the lowest life expectancy rate at birth due to administrative and R&D costs that could have been reduced if a federal-wide single-payer universal health care is adopted.
Not with all this fat acceptance bullcrap.
I will actually be offended if I was paying medical care for people who don't give a fuck about their health.
@inbb510 did I say to normalize fat acceptance? C'mon and every American must deserve to have the same healthcare service that won't need to depend on employer-mandated insurance.
@@JosephSolisAlcaydeAlberici , I would say under the current attitude some Americans seem to have, I don't think people will live up to responsibilities that come with free healthcare.
It's bad enough as it is here in the UK where we literally are paying taxes to treat people with obesity and smoking related diseases here and a lot of taxpayers like me feel stupid doing so.
I would say the American philosophy makes more sense regards to healthcare. It essentially says "you want the freedom to smoke and binge eat in exchange of others not getting involved in paying for the choices you make". Whereas our British healthcare essentially says "it's ok to smoke and be obese and not change your lifestyles as other taxpayers will pick up the bill for you".
@@inbb510 Fat acceptance can actually be a positive thing in this regard - a lot of people who are overweight are people who have unhealthy mechanisms for coping with distress, and you're not going to convince those people to lose weight by making them feel bad about themselves for how they look, because if they feel bad then they're likely to respond with unhealthy coping mechanisms. From a _purely pragmatic_ standpoint, I'd argue it's a net positive.
@@Talisguy , they can stay positive while I don't have to pay taxes to pay for their obesity related illnesses. A win win.
Thanks. Another factor (No.4) in the disconnect between between how well the US economic figures are doing vs how people feel about it is that much of the positive US economic development is regional, not universal. This means in some areas, the economy is good, while many other areas are suffering.
Why is Trump on the cover of this? He isn’t in office for another 2 months.
Views.
because he fucked the economy during the pandemic and the impact is still felt as of today.
Nothing gets views like Trump , he was the greatest gift that the media could have ever asked for.
The initial cover had Biden, but I guess they changed it quickly since it wasn't performing well?
Its Biden for me tho
It's fixing to get worser with tariffs.
Worser
Worsest
You're economically illiterate, but also just plain illiterate.
worser
Love how when I pointed out on original video in us vs eu economy that numbers in gdp do not reflect how much americans are struggling, there was a wave of angry screamers calling me socialist and communist that doesn't understand economy :^)
Inflation rate vs real inflation right. I think most people don’t realize it’s inflation rate that increases, so prices don’t come down till deflation.
So what your saying is single payer health care system is needed and we need to educate more people to be carpenters to build millions of homes. Also the deficit is down, it was near 4 Trillion 4 years ago.
This is why I watch TLDR news. They're willing to dig into the data and present the facts as they are, impartially and unhypocritacally, unlike the left and right news outlets in the US. Thanks TLDR team for doing an amazing job!
Yeah, great job focusing on inflation and not talking about real wage growth at almost every percentile, lazy reporting aimed at generating clicks and placating part of the audience...
They held on from talking about this until after the election... Just saying.
Trump’s obsession on Tariff’s will only make things worst ..you wait and see
He wants to do major tax cuts ; the US economy is super strong because the consumer is strong, lower taxes mean more spending and the government revenue can be made up with tariffs.
While the deficit will probably increase and global tensions may rise if done properly he could extract a good amount of money. I feel like yall are blowing the plans out of proportion since he’s obviously not going to tariff the country into the ground especially before local industry can develop.
The tariff is his trump card the tariffs will force us companies to bring back there manufacturing back to us
@@WinterXR7tax cuts are for the rich not the working class
The thing you're not realizing is that it's years of pain that might not have the intended outcome. Trump said himself tariffs have to be at least 50% to incentivise building in the USA. But they're at 10-25%. That's just extra VAT realistically. The USA doesn't have the infrastructure nor skills to build everything there. Comparative advantage exists for a reason
@markjoseph196 Yup! and all these recent commenters of yours trying to defend the tariff literally have no idea of econ 101: Trump's Tariff will simply be pass down to the average American. The irony is these same people will usually be caught saying the same thing about taxes imposed on businesses, and how they would simply also be passed down to the consumer.
Facts don't care about your feelings.
Y'all really waited until now to makw this video huh
Americans are not dying because the healthcare system is inefficient. By health outcomes, the U.S. is the best in the world (but we pay a lot for it). The unhealthy lifestyles are the reason life expectancy is so low.
It's not the best in the world by any metric except maybe access to experimental treatments. You pay more for generally worse outcomes.
Yeah it’s just the food and lifestyle, Europeans are generally more active and eat more healthier food, they also work a lot less and they don’t work labor intensive jobs unlike many Americans. They have overall less stress although this does come at the cost of the US having a much larger GDP than the EU.
Alabama the poorest state in the union has a GDP per capita larger than Portugal, Spain, Italy, and Poland and slightly behind some more developed EU nations.
It's not the best health care in the world. It's the worst of any developed nation by any standard metric. We pay the most for the worst health care outcomes.
I wonder whether the structure of US society has an implicit stake in the unhealthyness of the lifestyles of their citizens.
Its the crap you eat. RFK will help with that.
I've told people that our economy isn't great or awful but merely, "less bad," than the rest of the world. However, just because it's bad economic times in the world doesn't mean that America has to be THIS bad. None of the core issues brought up here are even discussed as causes. The Biden Administration also went on a, "hold my beer," binge spending that put Trump to shame (which was also pretty bad).
One thing you should have brought up: Kamala losing was part of an international trend (and if memory serves me right, TLDR reported on this) of incumbents losing elections world wide. Few leaders have managed this post-covid re-start well at all. That's why they're getting thrown out.
Not only that. Having been told that US households take on debt in liue of a secure government safety nets that you might see in other countries. Whether it is households or the government taking out debt to patch financial holes doesn't matter to the total amount of holes that are there to be patched in a given society.
You might as well add those debts together. "Gross Domestic Debt" 😄
Why money is an artificial limitation.
A bit misleading.
The US economy is doing well based on the positive figures you showed. The negative ones are lags, that will take another 1-2 years to wash through - That’s plain simple economic reality.
If the economy was doing badly, it would be even longer before the bad metrics are fixed.
For example while price inflation reducing stops the cost of food going up, the consumer needs the pay rises in the next year or two to catch back up again.
I mean, a major issue that a lot of places seem to just not mention at all is that levelling out inflation in no way erases what high inflation already did; If something is twice the price and inflation comes down, its still twice the price and rising steadily.
The data suggests that wages were catching up, but catching back up to a prior point where they were still too low. I.e. 'Catching up' still left people poorer than theyve been in well over a generation.
(and this is also ignoring the staggering inequality, which is known to frustrate a populace even within the demographics that arnt being crushed by the state of things.)
Thank you for this video
while I appreciate this video, it is frustrating y'all didn't discuss this complication prior to the election. it was essentially like
"the economy is actually doing great"
Harris loses
"the economy isn't doing as well as you think".
would have been better to have both narratives from the getgo, like you did at the end of this video.
I think the whole point was before that the economy really is doing well. Even this video fails to say anything else except that there are still a lot of problems.
The real issue is how biased everyone is in America. The biggest news here was that America's lack of proper healthcare somehow both boosted the economy while at the same time increased the cost of living. But I highly doubt anybody actually was thinking about this during the elections.
@@gubruikertje Yeah, voters are generally more focused on their own perspective than global perspectives but this is especially true of US voters. Globally, the US is doing very well relative to its starting position, but I keep getting accused of being a brainwashed sheep for pointing this out because so many commenters assume I'm just uncritically parroting US government propaganda and not, y'know, someone who lives outside the US and saw my own country doing much worse during the same time period. With my eyes. When the US was at about 7.5% inflation we were passing _11%,_ and we started from a lower inflation rate. We still peaked higher and had to deal with higher inflation for much longer. When people say the US economy is doing great, actually, this is part of what they mean - it's not just that companies are doing better, it's that the average American got off pretty lightly compared to everyday citizens in most peer economies.
It also baffles me that Americans concerned about the economy voted _against_ the candidate who actually set out concrete plans to tackle inflation as experienced by everyday people by offering increased housing assistance and price controls. Harris was your actual "cheaper eggs" candidate, guys.
America's economic boom *is* real. GDP, employment, growth, stock market ... those are all real numbers, and the American recovery from the pandemic has been remarkable. The question is whether everyday people feel America's economic strength. Clearly, not everyone does. That's always been true, but Lord, we do love to complain.
Ahh the economy’s struggling, let’s vote Trump in…
Trump: implement’s tariffs against imported goods
Other countries: retaliates by setting up tariffs against American goods
Trump: shocked Pikachu face 😮
I think your channel is really neutral. At least more than the main stream media and the alternate sources as a whole. You're also consistent delivering that objective point of view. I also really appreciate that you listen to the people's opinion in the comments. Don't be demoralized or influenced by the trolls and fanatics from the political extremes that sometimes roam the in the comment section. Keep up the good work!
Mortgages are a workable form of debt. credit cards are not. Credit card debt may be the best way of measuring the health of the working class.
What a strange conclusion. People think the economy is doing well or not based on their party's talking points? More like the people of those parties let the politicians know they're struggling or not.
Decent video, but the main thing you missed is that Economists ignore "Volatile" goods (like food and oil) when doing their numbers.
For the average person, the two things they buy most often are food and fuel.
So when the economists say that the economy is doing great, and the average person is looking at how much they're spending on food and fuel...
Well the Economists get called liars.
Life expectancy does not necessarily reflect the quality or effectiveness of healthcare. Unhealthy diet and lifestyle can lower life expectancy regardless of the quality of healthcare.
80% of the population will not be impacted by a recession since not every sector of an economy is impacted in the same way. Some sectors may even see growth in the same period of time. Try to stay positive, it will get better. The economy has always had it's up's and down's.
What's awesome is that the universal healthcare for all model is cheaper than what we are currently healthcare system, even by conservative estimates. So everyone is spending more and it still sucks.
Its not cheaper when you keep getting more and more people that you have to take care of. And then their excuse we need more people to come in to take care of the more people coming in.
@TheBooban that's everything. If things aren't growing it's dying.
This may have been one of your best videos on summarizing national economies. I'll share decades-related observations of a few of the good and bad things about my fellow Americans. This as a long-time American expat living in quite a number of other nations.
Like most people, Americans are eager to hear someone tell them they have it bad, and blame immigrants or political opposition for those largely overemphasized problems. You captured this well in the video. Americans also make broad-sweeping generalizations about the world, and particularly Europe, with Democrats thinking somehow northern Europe is blissful when still, to this day, almost no one lives there. (Sweden's economy is about 10% smaller than the Dallas-Ft Worth metro area and ain't helped by applying PPP.) Young people in particular seem to think the US is behind when they have no experience what it's like for young people elsewhere.
I have my bias in this observation, but if you look at photos of Americans over 40 years ago, you'll notice across the races, we weren't so obese as we are now. Why we want to make mortality about the healthcare system when 80 years old isn't that old if you simply take care of yourself, reflects a lack of personal accountability that seems to be on the rise.
As for debt, and here's the good bit: Americans still (although less than previous generations) have an optimism about the world and their society that makes us eager to bring to the present the spoils of the future. And frankly it has worked brilliantly. Time and time again, Americans have asked someone to finance their future, someone stepped up, and both delivered. It's pretty remarkable about how Americans across the political spectrum can work within the rules of the game and get stuff done. We can do better, And I'm not encouraged by the whinging about how hard they have it (especially while I'm in Ukraine), but I reckon we can get through this current self pity and move in a better direction again.
then they go buy an 89" TV and pay 22% on the credit card a month later.
5:03 to me it looks like the pandemic POSTPONED some bankruptcies and that's why the figure it so much higher. If you fill the time of the pandemic with the figures, had the pandemic not happened, and then you remove the newly colored area from the post-pandemic figures, you'll see a less distorted picture. I remember that at least in my country there were some measures to freeze dept payments during the pandemic. Idk if there was something like that in America, but if there was, it would explain the slope, followed by the increase.
I’m still trying to figure out why I have to pay for parking at work
Oh now you give us the headlines👏🏻👏🏻👏🏻 (TLDR is quite cool actually am just criticizing the rest of mainstream media)
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Sophia Maurine Lanting for about 4 years now, and her performance has been consistently impressive.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
This inflation has happened everywhere, in Europe, in SE asia and it seems in the US A also
As someone put it recently... Very astutely... More people at the bottom fighting for less
I am a disabled veteran. All my health-care comes from the local emergency room.
President Biden should take credit for it. His photo should be on the video and not President Trump’s.
I'm not sure. Economies don't change overnight. Many presidents, insofar as they have influence at all, impact the economy during the next few presidencies as well.
I believe I heard that American family incomes in real terms are no higher now than 50 years ago, so the enormous economic growth has not benefitted most Americans.
Don't tell Americans this, we'll lose our minds about the price of eggs. If youre lower income and/or w/o a college degree (and honestly, even with one) you don't feel the goodness of the economy.
As someone who loved in Europe untill a couple months ago.
I can 100% tell you it's just an echo chamber.
It's actually not bad in the US at all. Better than it was in italy that's for sure.
Milk is like a buck 50 more than when I was here 5 years ago.
Gas is almost the same. 3 and some change. I was paying 7+ euro a liter in Europe.
I think the only legitimately bad thing is housing. But not because there is a shortage.
Just straight up a bubble right now.
I honestly just believe people hear on the news things are bad and just believe it.
Why is the thumbnail Trump and then when I shared the video, the thumbnail in the link is Biden? I did immediately check on TLDL's Channel and confirm that it natively displays Trump.
This doesn't change how i feel about TLDR, but this is an oddity, and I'm not sure if it's targeting audiences.
Inflation is the rate of general change in prices, not the actual price level.
Make one about Russia current economic situation
The fed also changed the deffinition of recession so that they wouldn't be one. In the past a recession was 2 quarters of gdp decline. That did happen and they bent the deffinition so that those quarters wouldn't count. Also to say the fed has got inflation back down to near where they want it is kinda crazy. It's at 3% the goal is 2%. You think yes 1% off, but it's also 1.5 times higher then the goal.
I'll do you one more - lots of things are not in the CPI, like interest payments for cars and houses
Economically all debt is not bad. From a household perspective, every single piece of debt is bad, as it is a drain on cash flow. Debt is more expensive with higher interest rates.
The reason we aren't doing better than other countries, despite macro numbers, is because we have 0 floor under us. If our purchasing power goes down, we literally can no longer go to the doctor, unlike other countries
Perhaps one should look at the median instead of the average to gauge how well an economy is doing.
is the word "housing" or "rent" even in this video once? that's more of an issue than all these things
The issue is that you're only talking about these issues NOW, instead of before the election. Almost as if you were picking sides and refusing to give detailed information.
0:30 nice Archer reference.
Wages also increased For low income americans Faster then middle class and Upper class americans
But cost of living goes up faster
the fun part is most of the reason for cheapflation and "healthcare spending" have been republican / right-wing policies. E.g. Every tariff to china increases prices for lower cost goods (given they are produced in China or with chinese things more often), private "capitalist" healthcare is the republican gov't fault too (and the democratic fault for not introducing public healthcare)
TLDR now feels like propaganda to me, devoid of sanity. Earlier this channel was saying US economy is doing well to support democrats. Now he is telling the uncomfortable truth
Stocks and GDP are all reflecting the asset economy, which is only accessible to mostly rich people. The rest of the people are basically financing that increase with a worsening of their living conditions.
American life expectancy has to be looked at by ethnicity. There are huge differences between groups. Gangs and violent crime with certain ethnicities has to do with this.
Statistical economy and accounting economy are just that, tricks in statistics and accounting.
Because the stock market and gdp statistics are not the economy.
Good portion of economics is in the heads of citizens
(firstly Im am no expert and everything here should be taken with a grain of salt) GDP is very usefull but it can be deciving. If you effectively* throw trillions into a pit and it can count as GDP then diffrent ways of counting GDP should be used or GDP shouldn't be used as the sole number everyone goes for assesing economic growth. (economists probably do use other metrics liberally Im talking about mainstream media)
Countries have high GDP because their economies are big, they dont have big economies because their GDP is big.
(the last sentence is a little weird with structure but I couldnt write better sry)
TLDR: GDP isn't being used effectively/correctly in mainstream media.
Not to mention that the distribution of the wealth matters too, not just the amount of it.
If a king among peasants wishes to a genie for a golden hoard, but sees it magically poof the next day, GDP of the kingdom rose and fell fast but no one is more or less better off.
67% of Americans are 1 paycheck away from being homeless in some states landlords can throw you out in 5 days if you don't pay rent
Inflation hasn't gone down, it's just that the increase of inflation has slowed. If one year, inflation is 10% and the next it is 2, it doesn't mean that inflation has fallen by 8%, it means that it has only increased by an additional 2.
Yeah democrats like the skew the numbers for some reason, they use quarterly data instead of overall to make their performance seem better when in reality things like murder and crime are still up when compared to 2016.
I mean it’s smart I guess nobody would tell you that under their administration all these things went up.
Inflation is the increase in prices over time. Not the prices themselves.
So yes, inflation *has* gone down. If prices were going down, that would be called *deflation.* And deflation is an incredibly bad thing for an economy.
The biggest question of these days, but ... still not fully answered, I'm living in Europe are people seems to suffer the same way as US citizens but healthcare cost, of personal debt aren't hurting so bad (compare to US), even if the bad feelings remains here in Europe. So I'm not sure about the point 2 & 3 to be decisive.
the magic of inflation makes the stock market rise, because these companies still hold their value when inflation happens, as long as they are a successful company of course
The people in charge of thumbnails are having way to much fun with trump😂
Economy is great for assets holders probably.
I see that this can be talked about now that the election is over with.
Before the elections: "Why the US economy is doing better than people think."
After the elections: "Why the US economy is doing worse than it looks."
04:53 guys i'm being serious now, where cam i get the tldr credit card ASAP!
What about real wages being at historic highs
Thanks for sharing such valuable information! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Cheaplation the new term invented to obscure price gouging?
It's also worth it to ask how many jobs went to illegal immigrants over American citizens
It's not inflation. It's price gouging by businesses that refuse to cut profit targets despite a down market. The market is "up" because of this stealing from consumers but eventually it's going to collapse when consumers are bled dry. Things can only funnel to the top for so long. 80% of the population has 7% of the wealth. Think about that.
Dude he’s not even president yet
Things here in New York are very good
Healthcare is a deeply ingrained issue and inflation has affected all developed economies. So it's unfair to blame Biden. And trump will either not address it or make it much worse.
Contemporary measures of macroeconomic health are today far secularized from the microeconomic reality actual humans, rather than abstract phenomena, experience: Macroeconomic good health today, expresses wealth of the wealthiest, not the rest.
Bindenonics, hard at work
Unfortunately trumps short term growth plan won
Before election
People: "We're struggling"
US Gov/Media: "But the economy is doing great!"
People: "So why are we struggling???"
US Gov/Media: "The. Economy. Is. Doing. Great.... Do. Not. Question........ Racist."
Post election
Media: "The economy isn't doing as well as the figures say. People are struggling"
People: "........ fuck you."
Not a US citizen.
Indeed. Couldn't the American society have allowed themselves to successfully reflect on this reality well before the election?
Thanks,
-- the rest of the world.
Tldr making a video about the US economy struggling? I thought only china was suffering after the 300 videos about it lol
TLDR when the Democrats in charge: US Economy Is Booming
TLDR after Trump victory: Why the US Economy is Doing Worse