Is it really "the economy'?

[pls-consignments]

"The US ecomony grew at a blistering rate despite high interest rates" - CNN

"US GDP grew at a 4.9% annualized rate over three months ending in September" - ABC

"U.S. Economic Growth Accelerated in the Third Quarter" - New York Times

"Amazon reports better-than-expected results, as revenue jumps 13%" - CNBC

Well, so much for THAT being a reason why we're seeing slow sales 😕

[my-cottage-books-and-antiques]

My ebay sales/revenue are down because:

The economy is bad

ebay is so terrible

The cosmic alignment of the stars is off

My business model is no longer working as well as it used to

I can increase my sales/revenue by:

Fixing the economy

Fixing ebay

Realigning the stars

Reviewing my business model and making changes

[fern*wood]

I believe the economy has improved, but too many retailers decided they prefer bigger profits than to adjust their prices accordingly.  When the supply lines were jammed, they raised their prices to survive, but now do not wish to go back to pre-covid levels since they got buyers used to paying the higher prices.

[wifetrained]

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@lux.ra_14 wrote:

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@duffy4444 wrote:

   All four of the sources you quoted are bottom-line unreliable ...

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So CNN, ABC, the NYT, and CNBC are out.

Let's hear your trusted news sources on the economy.

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What proof exists that prove what they state is factually and verifiably true? The fact that the vast majority of the legacy media took a political side makes them an unreliable source unworthy of trust.  

[lux.ra_14]

@wifetrained 

So, what are your trusted news sources? No need to be shy about it. 

[hachumi]

As opposed to:

It's always everything else, it's never Ebay.

[buyselljack2016]

It's all great. I earned $6K in the stock market, and followed that with an $8K loss, but things sure are looking brighter for the economy..................................  not for me .........................

[m60driver]

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@lux.ra_14 wrote:

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@duffy4444 wrote:

   All four of the sources you quoted are bottom-line unreliable ...

---

So CNN, ABC, the NYT, and CNBC are out.

Let's hear your trusted news sources on the economy.

---

Alas, what they teach about economics in the universities is garbage economics.  Milton Friedman et al have been arguing for lower corporate taxes and the nonsense that somehow it will all trickle down.  Ask any plumber what flows down.  The end result of this nonsense has been a sharp increase in economic inequality and all the social ills that are correlated with gross economic inequality (read The Spirit Level by Pickett & Wilkinson).  Crikey, here in the Seattle area we have billionaires driving past large homeless encampments on their way to just about anywhere.  The vision of urban living by Ridley Scott in Blade Runner is becoming a reality largely thanks to this economic nonsense coming out of American universities where Marx is usually relegated to places like the English department.

[meme6253]

On the Contrary those sources mentioned are some of the most reputable & reliable That there is!, People need Facts!, Not someones miscued Views!, Look at the state our World is in, Do you Really want to add to the problems, Fake News did that before we don't need to restart that fire!

[animal-house-8]

The economy is great 95% of the people have a job, my town has 1.5% unemployment, wars are the problem always have been, makes people very nervous. My overseas sales are way way down compared to last year.

[wifetrained]

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@lux.ra_14 wrote:

@wifetrained 

So, what are your trusted news sources? No need to be shy about it. 

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Nothing to be shy about. I scour the internet for info and try to sort out the grain from the chaff.  What facts, that could be independently verified as truthful, were provided? How about none, they simply reported what they were told by some government agency. Given the propensity of the government to stretch the truth, guild the lily, or flat out lie I've felt that any report like that released is to be taken with a huge grain of salt.

[frugalmarketplace]

@duffy4444   YAWN…here you go again spouting falsehoods. 🙄

[frugalmarketplace]

@joliztoyco  THANK YOU. An intelligent post. 

[silverstatetreasureboxes]

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@dbfolks166mt wrote:

     The other figure they are glancing over is the rapid rise in consumer debt, not unlike the rise in government debt. The model is unsustainable you cannot continue to spend with little or no regard to debt there is/will be a day of reckoning

You nailed this db, for the first time in history credit card debt is over a Trillion dollars. 

     This to me is madness. And if you hold a store CC the interest rate is over 30% at some retail shops.

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[duffy4444]

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@lux.ra_14 wrote:

---

@duffy4444 wrote:

   All four of the sources you quoted are bottom-line unreliable ...

---

So CNN, ABC, the NYT, and CNBC are out.

Let's hear your trusted news sources on the economy.

---

@lux.ra_14:

    Better yet, why not think outside the mainstream box (add NBC, MSNBC and CBS to your list) and tune into other more reliable sources that are more honest and use more common sense...

Cheers, Duffy

[vintagecraze50]

Theirs is a big part of the problem in this as well because people are already pretty maxed out. There is no room for any internet shopping. I saw this coming when the interest rates started to hike up. Many purchase things on credit.