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If you’re really doing worse in the year 2022 than you were in 2020, sound off in the comments and tell me your story

If you’re really doing worse in the year 2022 than you were in 2020, sound off in the comments and tell me your story | If you’re worse off than you were in 2020…; I feel bad for you, son | image tagged in 99 problems,2020,2020 sucks,2020 sucked,economy,economics | made w/ Imgflip meme maker
153 views 2 upvotes Made by Slobama 2 years ago in politics
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7 Comments
1 up, 2y,
1 reply
How about you tell us how you are doing better. Since you're trying to flex.
1 up, 2y,
3 replies
Like most Americans, compared to 2020, my savings are up, my wages are up, and my spending is up. (Typical consumer patterns that result in inflation.)

I cringed yesterday when I had to spend nearly $70 to fill up my gas tank, but then I remembered how my 401(k) was doing.

Covid deaths are down — restrictions are falling away — there’s a feeling that the worst of the pandemic is behind us. Hope that’s true. The coming months will tell.

That’s the typical story, I’m interested in hearing stories that are atypical.

Your turn
1 up, 2y,
1 reply
Also, I hate the economy because Biden is screwing it up, at the same time, as a capitalist I see the opportunities. Covid deaths are down but the talk of a World War negates that by a thousand fold.
1 up, 2y
All normal economic analyses and predictions are, of course, contingent upon Putin not launching nukes.

No one knows exactly how wide-ranging and devastating a nuclear war would be until it happens, so it’s impossible to model, but naturally it would be bad
1 up, 2y
1 up, 2y,
1 reply
Still doesn't keep up with inflation. Keep in mind Zimbabwe had many billionaires carrying around wheel barrels of cash. So even if your 401k is up the value of your dollar isn't. The DXY dollar index shows us going up but that's only in comparison to all the other weak currencies and with that in mind are going to be able to say the same thing once the American dollar isn't the standard currency? I mean it's nice to see your dollars look big and all but it's just a mirage. Personally, I'm building my portfolio as we go and getting completely out of the dollar but my business depends on fuel and it's a bitch to see us suffering, not just me. So even though you are seeing good things all it takes is a few 1000 points drops in the Dow to make you feel some pain.
1 up, 2y
Venezuela and Zimbabwe-style hyperinflation isn’t happening here in the U.S., and it isn’t going to. The inflation we’re seeing is being driven by real worldwide economic fundamentals related to the trajectory of the COVID pandemic — not the government bingeing and overprinting fiat money, regardless of what libertarian Fed hawks say.

Interestingly, oil is already down 30% from its peak. Demand in China could crater due to Omicron catching up with its zero-Covid strategy. Naturally, the Ukraine War will be another huge variable in the energy market and the global market generally.

The stock market has been somewhat volatile these past few weeks, 2022 may be another big momentous year like 2020, but so far the economy is fine.

https://amp.cnn.com/cnn/2022/03/15/investing/premarket-stocks-trading/index.html
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If you’re worse off than you were in 2020…; I feel bad for you, son