The economy is doing great! You mouth-breathing peasants are just too stupid to notice.
As economic woes deepen, recent indicators point to a stark reality. Holiday retail hiring has plummeted to its lowest point in half a decade, sounding an alarming note for the economy. Simultaneously, real median household income in the U.S. is experiencing a troubling decline. Industries reliant on big-ticket purchases, from refrigerators to boats and teeth straighteners, report a significant slowdown in consumer spending. Apple, a tech giant, faces a prolonged decline, marking its longest slump since 2001. These distressing developments collectively underscore the severity of the economic crisis, casting a shadow over consumer confidence, employment, and the broader financial outlook.
Holiday hiring among retailers decreased to 135,000, the lowest level in about five years, according to data from the Bureau of Labor Statistics.
— unusual_whales (@unusual_whales) November 21, 2023
U.S. 🇺🇸 Real Median Household Income pic.twitter.com/r8iQPOHoOB
— Win Smart, CFA (@WinfieldSmart) November 21, 2023
BREAKING: The share of US home sellers dropping prices is at a record high, per Fortune.
— unusual_whales (@unusual_whales) November 21, 2023
Who is buying big ticket items…when shopping for weekly groceries is now becoming a "big ticket".🤦
— floridanow1 (@floridanow1) November 21, 2023
Probably Nothing 👀 t.co/v8nPwDAIAb
— The Macro Guy (@SagarSinghSetia) November 21, 2023
5 year forward inflation expectations pic.twitter.com/SnJyM5tD4h
— Win Smart, CFA (@WinfieldSmart) November 21, 2023
Apple, $AAPL, sales declined for a fourth straight quarter, marking the longest slowdown since 2001
— unusual_whales (@unusual_whales) November 21, 2023
69% of U.S. adults say their cost of living has gotten worse since November 2020, per Bankrate.
18% say it’s about the same and 10% say it’s gotten better.
— unusual_whales (@unusual_whales) November 21, 2023