As a 74 year old I love seeing you intelligent, knowledgeable young people. You give me hope. I think the one thing Kyla said that resonated the most was about people dumping on other people. When did people get so mean? In my day we said, "mean people suck" and that still holds true.
Interesting convo. Talked about it with my wife and the first thought that came to both our minds was the housing costs and childcare costs. We are fairly well compensated mid 30s with a one year old so the rising house prices and cost of daycare really have an influence on how we plan out our next 5-10 years financially. If we wanted a second child that would mean a bigger house (at a crazy interest rate) and another daycare expense which would blow our budget out of the water.
I hate when people say the lie that inflation is coming down. I know that our consumerist politicians who believe that well-being is a GDP competition between countries, hate deflation, but it doesn't mean that lower inflation is "well" endured by people whose salaries have not increased, or have had to change jobs. (because the rise in interest rates is restructuring the economy). People are not stupid and those who do not have partisan loyalty hate being lied to their face.
A better description imo is Inflation is Slowing. We're still up 15% over 2020 I don't know anyone who is earning 15% more than 3 years ago I'm sure some are but not the average by far
Isaac, I am a fan. You state that you are a independent news source. My question is do you also Identify as balance, fair, and objectively unbiased? I think the big guys should be ashamed of the articles they post leading their cattle. You got my attention because you give 3 points of view. The conservative, the liberal and yours and let us decide! Please, please tell us the truth and nothing but!!!
I always feel like it needs to be better explained when She says "inflation is going down" she means the rate of inflation inflation is still happening and above the 2% target
Well inflation going down is the right way to phrase it until it were to drop to 0, then you would see deflation, which is arguably a worse phenomenon as it usually signals deep recession and unemployment. While inflation is back to a reasonable level (within historical norms), it’s still twice as high as our last 10 year avg. when inflation was at 1.5% for the last 10 years most consumers just couldn’t see it happening.
@@Gadzooks434 Switzerland has been in deflation for decades, and although it has sometimes caused problems (of export competitiveness), it has never caused recession or unemployment. I know that the textbooks say that deflation is satan, because they believe that consumerism is prosperity, but that's also false ceteris paribus. Economics is a complex science.
Fair point, Japan has been deflationary as well for long periods without huge hits in prosperity, but also hasn’t seen much growth. I can’t see the US being deflationary though without some very unpleasant market conditions. In the US we’ve only seen meaningful deflation during very painful recessions. May not be the end of the world like you said, but I’d rather see 2% and real sustained GDP growth. Rising tide lifts all boat (including my 401k)😂
I don't agree with how she wants to ask people how they feel about the economy as a means to measure the economy. Personal economic struggles, whether real or something heard on Fox news or doomsday types like Robert Kiyosaki will always tell you the economy is in a terrible place, or a crash is coming soon. Let's stick with numbers to measure the rate of inflation, not an emotional coffee drinker who complains that an $8 latte is hurting them financially. I read the Tangle newsletter everyday, and though I do not always agree with you, I enjoy hearing facts and opinions from all sides.
As a 74 year old I love seeing you intelligent, knowledgeable young people. You give me hope. I think the one thing Kyla said that resonated the most was about people dumping on other people. When did people get so mean? In my day we said, "mean people suck" and that still holds true.
What a lovely breath of fresh air!! Man, I wish someone like her was around when I was in my 20s! Thanks Isaac!!
Interesting convo. Talked about it with my wife and the first thought that came to both our minds was the housing costs and childcare costs. We are fairly well compensated mid 30s with a one year old so the rising house prices and cost of daycare really have an influence on how we plan out our next 5-10 years financially. If we wanted a second child that would mean a bigger house (at a crazy interest rate) and another daycare expense which would blow our budget out of the water.
Wonderful interview!
I hate when people say the lie that inflation is coming down.
I know that our consumerist politicians who believe that well-being is a GDP competition between countries, hate deflation, but it doesn't mean that lower inflation is "well" endured by people whose salaries have not increased, or have had to change jobs. (because the rise in interest rates is restructuring the economy).
People are not stupid and those who do not have partisan loyalty hate being lied to their face.
A better description imo is Inflation is Slowing. We're still up 15% over 2020 I don't know anyone who is earning 15% more than 3 years ago I'm sure some are but not the average by far
@@tkalivoda1 exactly.
Isaac, I am a fan. You state that you are a independent news source. My question is do you also Identify as balance, fair, and objectively unbiased?
I think the big guys should be ashamed of the articles they post leading their cattle.
You got my attention because you give 3 points of view. The conservative, the liberal and yours and let us decide! Please, please tell us the truth and nothing but!!!
Great interview!
I enjoyed this interview. I appreciated her thought about how we learn new content from social media by osmosis over weeks of viewing content.
I always feel like it needs to be better explained when She says "inflation is going down" she means the rate of inflation inflation is still happening and above the 2% target
Yes, I really hate when people say inflation is going down.
Well inflation going down is the right way to phrase it until it were to drop to 0, then you would see deflation, which is arguably a worse phenomenon as it usually signals deep recession and unemployment. While inflation is back to a reasonable level (within historical norms), it’s still twice as high as our last 10 year avg. when inflation was at 1.5% for the last 10 years most consumers just couldn’t see it happening.
@@Gadzooks434 Switzerland has been in deflation for decades, and although it has sometimes caused problems (of export competitiveness), it has never caused recession or unemployment. I know that the textbooks say that deflation is satan, because they believe that consumerism is prosperity, but that's also false ceteris paribus. Economics is a complex science.
Fair point, Japan has been deflationary as well for long periods without huge hits in prosperity, but also hasn’t seen much growth. I can’t see the US being deflationary though without some very unpleasant market conditions. In the US we’ve only seen meaningful deflation during very painful recessions. May not be the end of the world like you said, but I’d rather see 2% and real sustained GDP growth. Rising tide lifts all boat (including my 401k)😂
She has a lot of good insight into why people aren't feeling good economically when the economy is fairly strong.
I don't agree with how she wants to ask people how they feel about the economy as a means to measure the economy. Personal economic struggles, whether real or something heard on Fox news or doomsday types like Robert Kiyosaki will always tell you the economy is in a terrible place, or a crash is coming soon. Let's stick with numbers to measure the rate of inflation, not an emotional coffee drinker who complains that an $8 latte is hurting them financially. I read the Tangle newsletter everyday, and though I do not always agree with you, I enjoy hearing facts and opinions from all sides.