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4 reasons why the economy is crumbling.
Posted on 5/15/22 at 8:16 pm
Posted on 5/15/22 at 8:16 pm
quote:LINK
The American economy is super weird right now.
Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy.
Yet we keep hearing the word "recession" like it's 2007 all over again. What gives?
The truth is that we're probably not in recession now (although it's possible), but there are plenty of signs that one is around the corner.
CNN is in full spin mode. They make some decent point's in that article, but they failed to mention the Top 4 reason's why the economy is crumbling.
Reason #1:
Reason #2:
Reason #3:
Reason #4:
The fact that those 4 are in charge is the reason why the economy is crumbling.
17
Posted on 5/15/22 at 8:21 pm to WeeWee
quote:
Reason #1:
/thread.
Posted on 5/15/22 at 8:21 pm to WeeWee
Those asshats are not in charge. They are patsies getting rich off the grift
Posted on 5/15/22 at 8:23 pm to WeeWee
quote:
They make some decent point's in that article,
Not really
Posted on 5/15/22 at 8:23 pm to Zap Rowsdower
Comparing DC to that is an insult to nature.
Posted on 5/15/22 at 8:24 pm to dsides
It is very hard to say right now if the economy is great right now or bad.
Great (for now) if I want to sell my house, bad if I want to buy.
Great (for now) if I want to get a job, bad if I am an employer.
Great in some states, not so much in others.
We have amazingly low unemployment, but that is causing inflation, but you if your spouse sits at home, even a basic weekend job selling retail can increase your income a lot.
It's really nutty right now.
Great (for now) if I want to sell my house, bad if I want to buy.
Great (for now) if I want to get a job, bad if I am an employer.
Great in some states, not so much in others.
We have amazingly low unemployment, but that is causing inflation, but you if your spouse sits at home, even a basic weekend job selling retail can increase your income a lot.
It's really nutty right now.
Posted on 5/15/22 at 8:25 pm to WeeWee
People are buying houses in mass right now? Cmon
Posted on 5/15/22 at 8:27 pm to Eurocat
quote:
We have amazingly low unemployment, but that is causing inflation
It's not the purchase side money we printed with limited supply?
Posted on 5/15/22 at 8:31 pm to Eurocat
quote:
Great (for now) if I want to sell my house, bad if I want to buy.
Who are the people selling houses who are not buying? Dead people. Who else?
Posted on 5/15/22 at 8:36 pm to thelawnwranglers
My $.02 is the supply chain bottleneck caused by the dipshit empty suit “president” is one of the biggest causes for inflation.
Fertilizer and fuel costs among other things are largely driving up grocery cost.
Terrible fuel regulations and decisions are hitting peoples pocketbooks deeply.
High cost construction materials are driving up the cost to build anything.
Microchip shortages are inflating vehicle prices.
Foreign dependence on all of these things make us other countries’ bitches.
All of this is controlled by the idiot in the White House who is colluding with foreign countries who are our enemies. And it’s all by design.
Fertilizer and fuel costs among other things are largely driving up grocery cost.
Terrible fuel regulations and decisions are hitting peoples pocketbooks deeply.
High cost construction materials are driving up the cost to build anything.
Microchip shortages are inflating vehicle prices.
Foreign dependence on all of these things make us other countries’ bitches.
All of this is controlled by the idiot in the White House who is colluding with foreign countries who are our enemies. And it’s all by design.
Posted on 5/15/22 at 8:36 pm to Eurocat
quote:
We have amazingly low unemployment
What's the correlation to labor participation rate?
When you understand this, you'll understand why the unemployment rate is a garbage measure for economic health.
We're in recession, headed for a depression ...
Posted on 5/15/22 at 8:37 pm to the808bass
Eurotrash is a spinster for globalists. Ignore it and its opinions. Dems are running this country into the ground and no Rs are fighting it.
Posted on 5/15/22 at 8:40 pm to the808bass
quote:
Who are the people selling houses who are not buying? Dead people. Who else?
I’ve seen more people homesteading lately. I doubt it’s a large segment of society, but I haven’t ever seen the amount of people doing this before. So I think some are selling and sharing property with family. Even if they’re building on the same lot.
People are definitely selling and buying. And really
There isn’t an ideal time to sell and buy. When prices are high, you get more for selling but it’s over spend on the next home. Opposite situation when prices are low. I can’t imagine coming out of college or getting married right now trying to afford your first house. $250k for a starter Home is a ripoff. I paid a little less than $95k for my first home with my wife in 2008. Glad I got in then.
This post was edited on 5/15/22 at 8:41 pm
Posted on 5/15/22 at 8:43 pm to AmishSamurai
quote:
What's the correlation to labor participation rate?
When you understand this, you'll understand why the unemployment rate is a garbage measure for economic health.
We're in recession, headed for a depression ...
The LFPR is at one of its lowest points during a supposed economic recovery in US history. There’s still an estimated 6 million able bodied Americans not working.
Posted on 5/15/22 at 8:46 pm to Bass Tiger
quote:
The LFPR is at one of its lowest points during a supposed economic recovery in US history. There’s still an estimated 6 million able bodied Americans not working.
Why work when Uncle Sam pays you to sit on your arse?
Posted on 5/15/22 at 8:46 pm to Eurocat
quote:
hard to say right now if the economy is great right now or bad.
Your dollar is not worth shite and you are making the same money.
It’s not that hard.
Posted on 5/15/22 at 8:49 pm to Bass Tiger
quote:
The LFPR is at one of its lowest points during a supposed economic recovery in US history. There’s still an estimated 6 million able bodied Americans not working.
Yep. The unemployment rate theoretically could go to 0 (everyone opts out or is dead) and Washington would cheer it as the lowest unemployment rate ever.
One of the greatest agitprop campaigns ever thrust on the American people as an economic measure.
It's absolute garbage as an economic indicator, if taken alone.
Posted on 5/15/22 at 8:50 pm to Slevin7
quote:
Your dollar is not worth shite and you are making the same money.
Inflation is a regressive tax that doesn't need legislated. It's great for the oligarchy.
Posted on 5/15/22 at 8:51 pm to Eurocat
quote:
It is very hard to say right now if the economy is great right now or bad.
Great (for now) if I want to sell my house, bad if I want to buy.
Great (for now) if I want to get a job, bad if I am an employer.
Great in some states, not so much in others.
We have amazingly low unemployment, but that is causing inflation, but you if your spouse sits at home, even a basic weekend job selling retail can increase your income a lot.
It's really nutty right now.
You should really stop ever posting in threads about the economy.Posted on 5/15/22 at 9:01 pm to Eurocat
quote:
It is very hard to say right now if the economy is great right now or bad.
We just had a quarter of negative economic growth and consumers are tightening their belts. We’re in a recession.
Admit that you voted for a disaster in Biden and stop living in an alternate reality.
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