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Topic: How do you think the US economy is doing right now?

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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #210 on: July 18, 2024, 10:52:40 AM »
my muni course had it's best year ever financially

which was great because then prices didn't go up this spring or last spring
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betarhoalphadelta

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Re: How do you think the US economy is doing right now?
« Reply #211 on: July 18, 2024, 11:00:49 AM »
Quote from: FearlessF on July 18, 2024, 10:52:40 AM
my muni course had it's best year ever financially

which was great because then prices didn't go up this spring or last spring
Prices have been going up around here. Part of it IMHO is just California. Everything's going up. 

The other part is that there simply aren't a lot of affordable courses in Orange County, so tee sheets are 100% full from dawn until super-twilight. So to an extent they know they can raise prices without seeing any drop in demand. 
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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #212 on: July 18, 2024, 11:15:40 AM »
Golf is half price or less in the summer here than it is in the winter. On our course you can play 9 holes late in the day for <$10, including cart, if you can handle the heat.

Less people around -> better deals.

Restaurants too.
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Hawkinole

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Re: How do you think the US economy is doing right now?
« Reply #213 on: July 19, 2024, 02:15:56 AM »
Economy overall seems very healthy. I would like to see lower interest rates. I think those rates are in the cards to come. 

In NE Iowa the economy seems very healthy. Unemployment rate is well below full employment level. We have a demand for outside manufacturing workers, especially welding workers, that are not available, here. Since I am in a rural area, farm workers are also too scarce.
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Temp430

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Re: How do you think the US economy is doing right now?
« Reply #214 on: July 19, 2024, 07:24:16 AM »
The economy is booming.  There's no inflation, the higher prices you see for everything ain't due to the cost of stuff going up.  Rather, your money is worth less.
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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #215 on: July 19, 2024, 07:42:15 AM »
unemployment rate Iowa 2.8%

Nebraska - 2.5%

South Dakota - 2%

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847badgerfan

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Re: How do you think the US economy is doing right now?
« Reply #216 on: July 19, 2024, 07:48:14 AM »
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bayareabadger

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Re: How do you think the US economy is doing right now?
« Reply #217 on: July 19, 2024, 08:30:51 AM »
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #218 on: July 19, 2024, 08:35:23 AM »
Rural states have low UE mostly.  Even urban states have moderate UE relative to the 5% figure some say is "normal".
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utee94

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Re: How do you think the US economy is doing right now?
« Reply #219 on: July 19, 2024, 09:50:00 AM »
If unemployment were the only metric for the economy, we'd be doing okay.

Curse you pesky inflation!
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FearlessF

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Re: How do you think the US economy is doing right now?
« Reply #220 on: July 19, 2024, 09:50:48 AM »
we'd be doing GREAT
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Cincydawg

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Re: How do you think the US economy is doing right now?
« Reply #221 on: July 19, 2024, 09:53:07 AM »
Reported inflation NOW is in pretty good shape also.  It's the price jump in the past that still hurts.  And that won't change.

Nearly all the reported economic metrics look solid, UE, current inflation, GDP growth, not so great is median real HH income growth.  Folks have forgotten what inflation was liked in the early Reagan years.
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Honestbuckeye

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Re: How do you think the US economy is doing right now?
« Reply #222 on: July 19, 2024, 09:53:17 AM »
Quote from: utee94 on July 19, 2024, 09:50:00 AM
If unemployment were the only metric for the economy, we'd be doing okay.

Curse you pesky inflation!
And credit usage.   And savings levels.  And credit performance.   And business investment.    And consumer spending.  And consumer confidence.  
I could go on.  

the basic trends are not good.  
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utee94

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Re: How do you think the US economy is doing right now?
« Reply #223 on: July 19, 2024, 09:54:50 AM »
Quote from: Cincydawg on July 19, 2024, 09:53:07 AM
Reported inflation NOW is in pretty good shape also.  It's the price jump in the past that still hurts.  And that won't change.

Yes, of course.  This is the point several of us have been making for the past dozen pages or so.

When staple food items are up as much as 100% over 4 years, it doesn't really matter that inflation is only mild within the past year.  There's never been a chance to catch up.

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