If the economy is teetering how is it that my son is at Orlando International airport to pick up my

[NoMoreRepugs]

daughter flying in and there isn't a parking spot available in their parking garages? Those cars represent people flying out of Orlando, not tourists, locals - then factor in the tens of thousands flying into the happiest (and expensive) places on earth daily and I'm to somehow believe people are hurting and pessimistic about our future economy?? I call BULLSHIT.

Remember, nearly 70% of the US economy (GDP) is consumer spending, another 18% is government spending (which isn't stopping anytime soon) - so I'm to believe we're in trouble huh?

[elleng]

1. I don't believe the 'teetering' b.s.

The stock market does not, imo, actually reflect the economy, as a whole, but what do I know, I'm just a retired lawyer.

[KentuckyWoman]

13. The stock market represents gambling by institutional investors and hedge fund managers.

When the market goes up the folks underneath do not benefit very much, if at all. When it comes down the top level shift their losses toward the bottom.

That last part is the only way the stock market affects the economy.
My humble opinion and not exactly "econ 101" approved.

[lpbk2713]

2. A three day family package at the Magic Kingdom can be thousands of dollars.

And it's always crowded.

[HAB911]

3. Not much room in the sky this hour

[CrispyQ]

4. Many of the insurrectionists, who believe the media's "the economy is teetering" BS,

had money to go to DC on a weekday, had lots of brand new Trump flags, clothing, & gear, probably had loads of guns & ammo back at their hotel rooms, which probably cost $100 a night, at least. You could almost feel sorry for what gullible dupes they are if it weren't for the harm they've done & continue to do, fuck 'em all.

[Initech]

10. $100 a night for a hotel in DC?

I'd say more like $300 - $400 a night. Maybe during COVID it was cheaper. But yeah it's all media projection with these clowns.

[Walleye]

5. I keep saying that so far this doesn't feel like any recession I've ever experienced

[elleng]

6. Ditto, but what do I know,

'my first' recession began when I was in high school. I somehow recall marking it on the calendar in my bedroom! What the heck was I doing??? Listening to 'news,' I guess!

[zipplewrath]

7. The top 20%

The top 20% of incomes are doing just fine, and will do just fine through a recession. They can fill up a parking lot at MCO quite easily, while the rest of the population is struggling to make ends meet. Disney long ago priced itself out of the average family vacation budget, but they continue to fill up. Key West is so expensive that they have trouble getting service workers because they can't afford to live there. A golf course I frequent started raising their prices because they were always full. They literally had to raise prices by 80% before they saw ANY reduction in bookings.

The "middle, middle class" is disappearing. You're either lower middle class, or you're in the top 20%. Anyone wonder why labor unions are reasserting themselves?

[WarGamer]

9. precisely.

[obnoxiousdrunk]

15. Thank you .

[WarGamer]

8. anecdotal observations don't a fact, make.

We're still down 10-20% from pre-pandemic numbers.

And that's not counting the fact that flights GROW in number historically a few percent a year...

https://www.bts.gov/newsroom/air-travel-consumer-report-consumer-complaints-may-nearly-270-percent-above-pre-pandemic#:~:text=Flight%20Operations,flights%20operated%20in%20May%202022.

Flight Operations

The 583,584 flights operated in June 2022 were 85.8% of the 679,802 flights operated in pre-pandemic June 2019. Operated flights in June 2022 were up 3.4% year-over-year from the 564,583 flights operated in June 2021 and down 1.3% month-over-month from the 590,957 flights operated in May 2022.

[Wednesdays]

11. But propagandists make many "facts." nt

[NoMoreRepugs]

14. You may want to check out the attached facts. Might help to explain

some of the decrease in airplane flights you referenced.

https://www.bloomberg.com/news/articles/2021-11-10/business-travel-seen-in-structural-decline-in-post-covid-era#:~:text=Companies%20are%20expected%20to%20keep,pandemic%2C%20consultancy%20AlixPartners%20said%20Wednesday.

Everyone know business travel is way down - I'd posit that consumer travel is very near pre-pandemic levels. But that's just my observation.

[Xolodno]

17. Exactly.

It's a data point, not a trend.

On top of that, the effects of a recession don't happen all at once. It cycles through the economy at a slow pace. So you could be living it up in one month and the next trying to conserve your spending, which domino's to others to do the same later.

[honest.abe]

12. The Repubs and RW media want the economy to be teetering.

Clearly its not but it could get that way if enough people believe their lies.

[Mr.Bill]

16. No matter what the condition of the economy,

there will always be two things, lots of very rich people and lots of very poor people. Just look at the cars that were sold during the "great depression". Duesenbergs, Auburns, Packards, etc.

Now I'm retired on a modest income. I don't consider myself rich or poor. But I guarantee you I will not be visiting Disneyland at the current prices.

[MichMan]

19. Duesenberg and Auburn went out of business during the depression

Last edited Fri Sep 16, 2022, 08:44 PM - Edit history (2)

Packard had to move down market with the junior 120 series that was significantly cheaper. The wealthy were not buying them.

[uponit7771]

18. The economy can be faltering and there be negative unemployment. Employment tied to stock market

... is corporate evil towards the masses; there's no reason to get rid whole corporate divisions because the CVD level is going to get less pay via stocks.

So we **CAN** have 3% ue rate and have a GDP that slows at the same time ... not opposing matters.

The Feds are still continuing to rub the back of corporate America by applying the sledge hammer of higher rates vs going after the very causes of our inflation and its not because raw materials have increased in value etc ... its **MOSTLY** naked greed.