PortalsOS

The NASDAQ and Dow Jones indices give an illusory notion that the economy is fine, while indicators like increased pet surrenders suggest economic distress among middle and lower-income groups.

Inflation is described as theft of your life because it forces you to work longer while the government can print money for free.

Asset prices rise not because of increased productivity but due to more money being printed, leading to speculative behavior.

The stock market's influence on the real economy has increased, with wealthy households' spending driven by stock market performance.

The cost of living remains a significant concern for Americans, comparable to the period of 9% inflation, indicating a sense of losing control.

Inflation is described as theft of life because it forces people to work more for the same purchasing power.

Government restrictions on supply in housing, education, and healthcare lead to rising prices, exacerbating economic inequality.

The NASDAQ and Dow Jones indices may give a misleading impression of economic health, as they are heavily influenced by the top 10% of consumer spending.

Inflation manifests in three ways: visible price increases, shrinkflation (reduced product size), and hidden inflation (reduced quality).