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The Stripper Index: Sex Industry Foretells Economic Recessions

The far right wants a recession so badly that they can taste it. If you're a worker, remember that when you're voting.
 
Port Tack said:
Sure and your chart is meaningless without more information what the hell you are talking about. CPI is just a fancy name for inflation. This one is far more accurate and that big peak you see starting around sept 2020? That is the Pandemic, nothing to do with Biden but he has done a spectacular job of bringing it back under control ain't he?




Biden sure is doing a good job bringing this country back after the pandemic!
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"CPI is just a fancy word for inflation"
.OMG!!

And you are posting about economics???????


Laughing-Emoji.webp
 
Metric Mouse said:
What is your point?

Stock market returns were better under Trump than they have been under Biden. By a considerable margin.

So if one were concerned about their 401(K) balance, Biden did objectively worse.

Homelessness has reached historic highs and food stamp requests have grown since Biden took office - rich people remain happy, and more and more poor people are suffering. Statistically speaking.

I don't know if "people would have been richer" under Trump, but the data shows that Biden has underperformed Trump on the metics listed.
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Tell me how Biden did objectively worse. I didn't know he ran his own mutual fund, or something along those lines.

Or are you advancing the fallacy of logic, that correlation is causation? Market up more during Trump, because of Trump? Whatever happens during a presidency, they are directly responsible for it?
 
EnchantedMuggle said:
Right? Same.

And does anyone still go to see strippers and go for sex workers in numbers like in the past? Granted I didn't click the vid and add to its views, no thanks.

If a bunch of old GOP farts are pulling back on their lap.dances because they've heard the economy is about to crash, that doesn't mean the economy is about to crash.
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I didn't view the video either. I usually don't when they're posted as OP's. I wonder if whomever is tracking stripper revenue is including funds taken in via hush money payments from clown-faced fascist wanna-be presidents?
 
justoneman said:
Your 401k is not the economy. The Fed can be pumping money and kicking the can down the road to keep the stock market solvent, but they can only do it so long and then it will blow up. No the economy is more than the stock market. The anticipation for the first quarter GDP was 2.4%. Instead it came in at an abismal 1.6%. Inflation is high. It came down some but for the past 4 months it has been moving upward. Upward when they predicted it would move downward.people cannot be fooled into thinking it is good when they pay twice as much for hamburger and rice than they did just a year or so ago. The economy is terrible.
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No. You shouldn't get your economic news from Facebook.

www.economist.com

America’s economy is booming. So why are bosses worried?

Three of the forces that propped up profits may now be weakening
www.economist.com www.economist.com

Over the past three months the s&p 500 index of large companies has soared by nearly 15%, reaching a record high (see chart 1). Recent economic data support investors’ optimism. On February 2nd statisticians reported that 353,000 jobs were created in January, far more than expected. The economy grew by a healthy 3.3% (at an annual rate) in the final quarter of 2023. Despite that, inflation slowed to 2.6% on the Federal Reserve’s preferred measure, not far off its 2% target. Investors are now betting that by the end of the year the Fed will lower its benchmark interest rate from its current range of between 5.25% and 5.5% to below 4%, putting a rocket booster under America’s economy—and with it America Inc.
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Buckeyes85 said:
Tell me how Biden did objectively worse.
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Stock market returns under Trump were approximately 65% over his term.

S&P 500 returns under Biden have been approximately 35%.

This is objective.

What the **** are you talking about? Why do you not know this basic information?

Whether you blame Trump or not, objectively stock market returns have been worse under Biden.
 
justoneman said:
The trajectory is upward. 3.5 in March
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If inflation doesn't come down, central bankers may have to raise rates, though for now they are holding instead of lowering interest rates. What we want to see is for interest rates to go lower, and the only way for that to happen is to get inflation down to around 2%. All the government spending under Joe Biden isn't helping to bring inflation down to the correct levels.

"JPMorgan Chase CEO Jamie Dimon this week vacillated from calling the U.S. economic boom “unbelievable” on Wednesday to a day letter telling the Wall Street Journal that he’s worried all the government spending is creating inflation that is more intractable than what is currently appreciated".

“That’s driving a lot of this growth, and that will have other consequences possibly down the road called inflation, which may not go away like people expect,” Dimon said. “So I look at the range of possible outcomes. You can have that soft landing. I’m a little more worried that it may not be so soft and inflation may not go quite the way people expect.”

Dimon estimated that markets are pricing in the odds of a soft landing at 70%.

“I think it’s half that,” he said.
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www.nbcnews.com

All the data so far is showing inflation isn't going away, and is making things tough on the Fed

The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer or even have to hike at some point.
www.nbcnews.com www.nbcnews.com
 
justoneman said:
Economists are predicting the average 2024 inflation rate to be 3.3% that is their attempt to paint a rosey picture.
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Even if that is just what it happens to be I would far prefer that to electing your fuhrer. That guy is a flaming asshole not to mention criminal.
 
sanman said:
When investors do badly, the sex industry suffers first. Sex workers are therefore a "canary in the coalmine" to warn of impending recession.

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I’ve heard this for decades. No idea if it’s true or not but it’s not new. It’s been around as a notion for a very long time.
 
diz said:
I know leftists aren't good with math and stuff, but you're looking at the change in the change here not the change in the absolute. If you looked at absolute price levels you'd see them continuing to increase faster than they did in the early part of the graph.

It would be accurate to say "it's not going up as fast as it was", but not accurate to say "it's going down".
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Yes prices are always going to be going up and an inflation rate of about 2% is ideal. If the inflation rate is going down that simply means prices are rising slower than they were previously. It does not mean prices are going down. If you think prices are going to start going down if you elect your velveeta man it just means you are an idiot.
 
dmpi said:
Strippers are low-class entertainment.
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Depends what you mean by low-class. I’ve done enough personal security at rates that certainly suggest the people paying for it were well heeled and dragged by them to such venues that if you mean economically challenged you’d be wrong.
 
Fletch said:
Totally false. See the graph in post #24
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That graph is a mirror image of the one I posted later and the only thing it shows is what a fantastic job Biden has done getting inflation under control. The large spike is the obvious result of the pandemic and how it's now dropping is that inflation rate coming down.
 
justoneman said:
These are not forecasts. They are statistics. There was a .1% increase from 4th quarter 2023 to 1st quarter 2024.
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While you completly ignore the ****ing 5+% drop over the past few years? The general trend is DOWN and that is anticipated to continue. Because a one month interval ticks up does not mean we are headed in the other direction. Inflation rate is what will decide interest rates and they are still expected to soon start going down. No one with a few brain cells to rub together can look at the inflation rate since Biden took over and not say wow, he has done a good job getting that under control.
 
StarvedForChange said:
My 401k has been doing great. How many times is the Trump cult going to try to gaslight us into thinking the economy is suffering?
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The economy is and isn’t suffering.

We’ve become a nation where some of us are doing extraordinarily well. The rest, not so good. The circumstances providing for the extraordinarily good economics of the first working diametrically opposed to the well being of the second, whose times are tougher because of that.

That’s problematic in and of itself but what’s more so, at least for that second group, is they are being sold (and bizarrely purchasing into) a bill of goods by the first that this isn’t the case. That, in fact, the group that is actually trying to do better by their interests is the actual cause of their doing so poorly.

That they buy into this nonsense may be proof of the causality of the second group doing poorly in the first place (not being smart enough to discern what’s in their best interests), but it is certainly proof of the skullduggery and bad intent of the first group as they certainly know they are lying to those they are disenfranchising.
 
Metric Mouse said:
Bull. Market returns under Trump were much higher. S&P 500 returns were about 50% higher from Jan 2017 to Jan 2021 than they have been under Biden.

Biden has 6 months to turn that around, for sure; it's not a perfect comparison, but the data literally says your feelings are wrong. Why do you post lies?
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I don't, I have a 401k and I watched the balance slowly creep along under trumpy and when interest rates went up my account balance took off.
 
Metric Mouse said:
401ks did better under Trump. Just saying. Don't vote for him because of that fact, but do know people could have been richer.
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401Ks did better under Trump due to the Covid-Economic Relief plan.

Much of that money has dried up, and many Americans are going heavily into debt under a high-interest environment, which is a toxic combination.

The recent bump in the stock market is due to the rise of AI demand—see Nvidia, Amazon, Microsoft, and Alphabet, and the advancements of GLP-1, which have nothing to do with Biden.
 
iamwhatiseem said:
"CPI is just a fancy word for inflation"
.OMG!!

And you are posting about economics???????


View attachment 67508032
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Here is a graph of the consumer price index. What is it measuring genius? It says that the US inflation rate is 3.4% and that the index is now at 3.4%. Is that just a coincidence?

Yes the CPI and the inflation rate are the same damn thing.

1714850522563.webp
 
Port Tack said:
While you completly ignore the ****ing 5+% drop over the past few years? The general trend is DOWN and that is anticipated to continue. Because a one month interval ticks up does not mean we are headed in the other direction. Inflation rate is what will decide interest rates and they are still expected to soon start going down. No one with a few brain cells to rub together can look at the inflation rate since Biden took over and not say wow, he has done a good job getting that under control.
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It's not a one month interval. It's a 2 quarter interval.
 
Buckeyes85 said:
Tell me how Biden did objectively worse. I didn't know he ran his own mutual fund, or something along those lines.

Or are you advancing the fallacy of logic, that correlation is causation? Market up more during Trump, because of Trump? Whatever happens during a presidency, they are directly responsible for it?
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Absolutely not. Just because Obama haned Trump an excellent economy doesn't mean Trump was responsible for it and just because Trump handed one in the gutter to Biden doesn't mean Biden was responsible for it. Same old story, the ecoomy under Clinton was great, Bush totally ****ed it up with the worst recession in History. Obama brings it back from the brink and hands a 3+% unemployment and by the time he is done it's 13%. He gives it to Biden and it's back under 4%. Republicans just typically suck when it comes to running a ****ry.
 
justoneman said:
It's not a one month interval. It's a 2 quarter interval.
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So what is it you are suggesting? That because inflation ticked up .2% after Biden brought it down over 5% that we elect a rapist and fraud who is facing nearly 100 felony charges in 4 states? One who has over a half billion in judgements against him who wants to be a dictator and suspend the constitution? One who says he wants an attorney general who will do his bidding and fire anyone who works for him that won't believe his lies about the last election? One who screws porn stars and pays them to keep their mouth and brags he can sexually assault women? There is no decision to be made here unless one is a trump Nazi. Even if Biden just did a so-so job the choice is obvious. Idiots might want to elect a Muammar Ghaddafi but the rest of us won't.
 
Port Tack said:
So what is it you are suggesting? That because inflation ticked up .2% after Biden brought it down over 5% that we elect a rapist and fraud who is facing nearly 100 felony charges in 4 states? One who has over a half billion in judgements against him who wants to be a dictator and suspend the constitution? One who says he wants an attorney general who will do his bidding and fire anyone who works for him that won't believe his lies about the last election? One who screws porn stars and pays them to keep their mouth and brags he can sexually assault women? There is no decision to be made here unless one is a trump Nazi. Even if Biden just did a so-so job the choice is obvious. Idiots might want to elect a Muammar Ghaddafi but the rest of us won't.
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No I'm suggesting electing an excellent president Trump.
 
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