‘Stop the price-gouging’: Biden hits corporations over high consumer costs

return2ozma@lemmy.world to News@lemmy.world – 850 points –
‘Stop the price-gouging’: Biden hits corporations over high consumer costs
cnbc.com
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Above normal. The data suggests US citizens still have credit limit or not feeling the pinch as all the news articles suggest.

I was expecting a big decrease this year according to what I’ve seen on lemmy. From now on, I’ll read negative news and say “meh, probably not.”

It isn't just lemmy, there's plenty of external evidence showing that people think the economy is in a bad state. Changing your entire perspective because of big spending day on black Friday makes no sense.

Not just a big spending day, an all-time record-breaking spending day, up 7.5%. That’s absolutely insane and doesn’t jive. If everyone is hurting, can’t pay their rent and bills, credit is maxed out, then how did they also crush this record on inflation-priced “sales?”

All I’ve said, I’m choosing to go by data, not news agenda. BF helped me realize our economy is thriving. That’s great!

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