US economy is booming, but people are not seeing it.

[GeorgeJohn]

US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.

Furthermore what do you’ll feel is the key reason why people are missing seeing this boom in the economy, and I have read several reasons in the media but if someone has some personal perspective then please do share it.

Source:

https://edition.cnn.com/2021/05/03/economy/jobs-economy-covid-biden/index.html

This language booming is some how contradicting everything here, I really want to Know in what aspect US economy is booming, is it in cryptocurrency level or in political aspect of it, really we are not seeing it as you state categorically about booming of their economy, what I want to understand is that explains more brief for we to comprehend more.

[Silberman]

maybe people aren't seeing the economy booming because there is nothing to see.
it makes sense too because i can't think of any world where the government prints such a huge amount of money that it sets a record compared to that country's entire history and then see the economy boom!
and that's just the tip of the iceberg. we had a lot of jobs lost and everyone's financial situation get worse with the pandemic that is still ongoing.

Agreed, anyone that sees the economy booming right now is either being paid by the government to say so or somehow is just believing what those so called experts are saying, the economy is in a very bad shape and this has been the truth since the 2008 crisis that we saw, at the time there was a desire to reform the economy but everyone refused and just kicked the can and now we are in this difficult situation, I believe they will kick the can again but this time around the can will not move and will force their hand and most likely a new crisis will manifest out of it.

[Gyfts]

US unemployment rate increases slightly - https://www.latimes.com/politics/story/2021-05-07/jobs-report-shows-a-disappointing-april-rebound

Huge disappointment in the jobs report, projected hundreds of thousands of jobs less than what is predicted.

Maybe it was a bad idea to pay people to stay home and supplement unemployment checks and then force businesses to outcompete the government wage, because ya know, it's completely fair for the government with unlimited printing power to compete with businesses with limited capital 

[stompix]

CNN on the 5th:

The US economy just notched its fastest first-quarter GDP growth in nearly four decades. Armed with stimulus checks and tax credits, Americans are spending aggressively. Hiring is surging as broad swaths of the economy -- including even New York City, the epicenter of the pandemic -- prepare to fully reopen for business.

CNN on the 7th:

The US economy added only 266,000 jobs in April on the anniversary of the worst job loss for any month on record. That was far less than forecasts of economists, who had predicted America would add 1 million jobs last month.
~
But the labor market isn't necessarily in trouble.

This happens when you simply can't admit that the democrats are not doing a better job at this than what Trump was doing, from November last year they have just managed to arrive at 8.2 million jobs lower than February 2020 compared to 9.8 in November, and this with relaxing restrictions all the time, at this pace it will take more than two years to match pre-pandemic levels. And the consequences are clear, they will need more checks, they will have fewer income sources, they will need to raise taxes, which leads to fewer jobs.

I wonder if they've realized that winning the election was more like getting a wrecked car as a gift that will cost you more to trash it than all the other presents combined.  The really bad news for US non-Americans is that there is always a domino effect, wonder how long till it hits Europe.

[jaysabi]

The government wouldnt be printing trillions of dollars to stimulate the booming economy if its true. There were even many riots going on and public shooting, this is a depiction growing frustration of the people while they already felt like Trump was bit better than Biden.

Economy is not booming anywhere in the world. There is inflation rising so fast thag even citizens receive stimulus package they still cant feel it because the food prices are soaring high.

Why would the government be printing trillions of dollars to stimulate an already booming economy? That's not the point of stimulus and not how stimulus works. You do stimulus when the economy is lagging.  As it is, the economy is booming in the US, posting robust GDP growth.  The US economy in Q1 2021 has already surpassed where it was in Q1 2019, so there's every expectation the economy will be back to where it was pre-COVID on a full-year basis.

[Kamarah]

US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.

Furthermore what do you’ll feel is the key reason why people are missing seeing this boom in the economy, and I have read several reasons in the media but if someone has some personal perspective then please do share it.

Source:

https://edition.cnn.com/2021/05/03/economy/jobs-economy-covid-biden/index.html

According to local news, the US economy is booming. Thanks to huge economic stimulus, the boost to Covid-19 vaccination and the reopening of the economy accelerated. This is a good sign for the United States. It proves that the people of this country are very good at preventing epidemics. Their lives returned to normal, incomes increased and people spent more. Other countries should also learn.

[Karartma1]

Certainly the fully diluted with brrr money stock market is booming!
As for the real economy it is still unclear what the recovery will look like, it's far too early to see that.
Inflation could kick in very hard while the purchasing power of Americans will get smashed.
I don't buy into this fake recovery.

[bryant.coleman]

Certainly the fully diluted with brrr money stock market is booming!
As for the real economy it is still unclear what the recovery will look like, it's far too early to see that.
Inflation could kick in very hard while the purchasing power of Americans will get smashed.
I don't buy into this fake recovery.

Stock markets may be booming due to monetary inflows from foreign agencies. There were reports that some of the Sovereign Wealth Funds (SWF) from the middle-east heavily invested in the American stocks during last year, when there was a market crash. But this inflow can get converted to a net outflow, in case the crazy proposal to tax capital gains tax at 40% is implemented. But for now, the middle class is happy with the market rally. They are benefitting from the higher stock prices.