See this is where the disconnect is. Around 45% of US homes have a dog and nearly 30% have cats, so yes, it is real to a descent portion of the population.
I want to be on record supporting making cat ownership as expensive as possible. Im ok with a flat cat tax too.
I dug a little deeper and it is reported that nearly 60% of homes have a dog or cat. You can laugh and think no big deal, but those cost increases are what 60% of the homeowners see.
Fed only raises when the economy is strong to keep inflation in check. I think they waited too long after the worst of covid has passed because they were afraid the covid recovery couldn't handle a raise. But your observation here is basically just pointing out the obvious ... strong economies will eventually experience a downturn.
The graph once again illustrates the poor job of messaging by Biden and the Democrats. Along the same lines, the Democrats should emphasis this statistic when the Republicans attack Biden for promoting EVs. North America is now the growth leader for new battery factories or stories like this. Exclusive: Intel Reveals Plans for Massive New Ohio Factory, Fighting the Chip Shortage Stateside or this: TSMC mega-plant nearing manufacturing start date in north Phoenix
A downturn at what level? There is a difference between the economy leveling off and an economy going into a recession. What the chart shows is almost always done experience a recession when the feds dramatically increase the rate. It’s no secret they are not good at soft landings. Today’s report was good. About 50k of the jobs was back from auto workers. That would be a good sign since they were not counted in the last but the last two months also got a -35k revision so not sure what to make of that. Overall Nov jobs report was good as long as just like most of the other reports this year, it doesn’t get a negative revision.
