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Message
Starting in august, economy will take a big blow
Posted on 6/10/23 at 1:57 pm
Posted on 6/10/23 at 1:57 pm
Right now people who owe student loans aren’t paying and just blowing the money or change their budget to spend what 500-1000 extra dollars. And then in august they have to start paying it back thus spending less and could impact a lot of stocks. Yes they need to pay it back and the smart ones that took out student loans have Been paying back their loans the whole time. But budgets about to get busted throughout America
18
Posted on 6/10/23 at 2:27 pm to tigerbacon
quote:
Right now people who owe student loans aren’t paying and just blowing the money or change their budget to spend what 500-1000 extra dollars. And then in august they have to start paying it back thus spending less and could impact a lot of stocks. Yes they need to pay it back and the smart ones that took out student loans have Been paying back their loans the whole time. But budgets about to get busted throughout America
bye bye inflation
Posted on 6/10/23 at 2:40 pm to JohnnyKilroy
Should be some good deals on lightly used vehicles later this year.
Posted on 6/10/23 at 2:47 pm to tigerbacon
This is your chance to get rich by shorting consumer goods stocks.
Posted on 6/10/23 at 2:49 pm to tigerbacon
This is great news for everyone.
I cannot believe that student loans have been paused for this long, and I really cannot believe that Washington DC continues to say it's been paused to help people get back on their feet from a brief moment of panic more than 3 years ago.
I cannot believe that student loans have been paused for this long, and I really cannot believe that Washington DC continues to say it's been paused to help people get back on their feet from a brief moment of panic more than 3 years ago.
Posted on 6/10/23 at 2:50 pm to tigerbacon
Imagine if people were forced to also pay Covid loans.
Posted on 6/10/23 at 5:20 pm to tigerbacon
quote:
and the smart ones that took out student loans have Been paying back their loans the whole time.
Not really that "smart" as it wasn't the optimal strategy.
Posted on 6/10/23 at 5:22 pm to RealDawg
quote:
Imagine if people were forced to also pay Covid loans.
Are you talking about PPP loans? Why should we imagine that? The government shut their businesses down. Not a great comparison to student loans.
Posted on 6/10/23 at 5:24 pm to Teddy Ruxpin
PPP biggest scam for some. My friends bought 2 beach house with the PPP loans
Posted on 6/10/23 at 5:26 pm to tigerbacon
quote:
PPP biggest scam for some. My friends bought 2 beach house with the PPP loans
Not really an argument for fricking over everyone else though.
Posted on 6/10/23 at 5:30 pm to tigerbacon
quote:
the smart ones that took out student loans have Been paying back their loans the whole time.
You sure about that, buddy?
Posted on 6/10/23 at 5:42 pm to tigerbacon
quote:
and the smart ones that took out student loans have Been paying back their loans the whole time.
Uh... Remind me not to take financial advice from the OP
Posted on 6/10/23 at 5:48 pm to tigerbacon
This will greatly help with inflation as it will take money out of the market. Interest rates ought to stabilize soon afterwards
Posted on 6/10/23 at 6:19 pm to tigerbacon
I don't there will be a significant enough chunk of people not paying to make a difference. Most people will resume their payments.
Posted on 6/10/23 at 6:40 pm to tigerbacon
Nah, taxpayers will pay for 99% of gender studies degrees
Posted on 6/10/23 at 7:12 pm to fallguy_1978
quote:
Should be some good deals on lightly used vehicles later this year.
Been hearing this for two years. Hope it’s true this time
Posted on 6/10/23 at 7:19 pm to notiger1997
quote:
Been hearing this for two years. Hope it’s true this time
I do think this isn't being talked about enough. A lot of people will have less disposable income when these start back.
Posted on 6/10/23 at 7:40 pm to thegreatboudini
quote:
cannot believe that student loans have been paused for this long, and I really cannot believe that Washington DC continues to say it's been paused to help people get back on their feet from a brief moment of panic more than 3 years ago.
Had to make people feel the burn of paying back their loans so politicians can run on empty promises of forgiving student loans during the next election cycle
Posted on 6/10/23 at 11:27 pm to tigerbacon
quote:
the smart ones that took out student loans have Been paying back their loans the whole time
Nope
Posted on 6/11/23 at 6:19 am to fallguy_1978
quote:
Should be some good deals on lightly used vehicles later this year.
I drive a ‘16 Sierra that’s paid off and has 110k miles. I got it used in ‘18. All signs currently point to me being able to get nearly what I paid for it today. I hate trying to time the market….but damn if it’s not tempting to sell it, drive a POS for a few months, and get a nicer one on sale.
Something has to give it seems.
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