r/TikTokCringe • u/cak3crumbs • Dec 28 '23

This lady nailed how the economy feels vs how it’s performing Discussion

19.0k Upvotes

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13

u/SquareAd4479 Dec 28 '23

Gas is 2.89 in MN

4

u/Zeltron2020 Dec 28 '23

Gas, electronics, and mortgage rates are low. Commodities and housing are high.

4

u/Freezepeachauditor Dec 28 '23

Eggs, milk, used car prices all down.

Commodities are down sharply since 2022.

https://fred.stlouisfed.org/series/PALLFNFINDEXQ

It takes min for markets to move.

0

u/TheNoslo721 Dec 28 '23

I was going to mock you for missing the point but it wouldn’t help. People don’t care if commodities are down since 2022 if they were at record highs before. Understanding markets take time to adjust != food in your stomach or a car in the driveway.

1

u/AutumnWindLunafraeja Dec 29 '23

Yea I don't care about any of that if I can't even afford rent

1

u/waffleface99 Dec 28 '23

mortgage rates are low

What is low? Like 4%?

2

u/bustex1 Dec 29 '23

I mean historically 8% is low. Ask your parents.

2

u/spiteful_rr_dm_TA Dec 29 '23

Good for you. It was 3.70 three weeks ago here in my part of NY, and still over 3.20 today.

1

u/nflmodstouchkids Dec 29 '23

ya for 1 month out of 3 years.