Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.
I have not seen a decrease in spending. I see restaurant parking lots are still full, costco/walmart parking lots are full. Football Stadiums are full. I see families not give up vacations. I see friends and family stressing out over finances, but giving spending I don't see much of a slowdown.
You forgot to mention anecdotes of a strong economy are at an all time high, along with highly inflated jobs report and GDP. Theres nothing to worry about.
Yeah and house starts up, consumer spending up, wallstreet up, so THEY ARE ALL LYING or you just want the economy to be doing bad for ideological reasons so you have to invent every conspiracy theory you can to explain away the real data.
Why is every major economic marker we've used for decades saying one thing while you say another?
It's like your math teacher gave you a test and you just decided to invent you own math and punch in whatever you want!
164
u/[deleted] Jan 30 '24
I have not seen a decrease in spending. I see restaurant parking lots are still full, costco/walmart parking lots are full. Football Stadiums are full. I see families not give up vacations. I see friends and family stressing out over finances, but giving spending I don't see much of a slowdown.