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re: Is anyone else out there concerned about an economic collapse.
Posted on 7/2/20 at 7:29 pm to OsTiger78
Posted on 7/2/20 at 7:29 pm to OsTiger78
Do you melt like that for every single reply you have? Not just melt, but I picture you beet red on the other end with your vein popping out on your forehead and you pounding your fist on the table after every sentence you write. At least, that's how your posts read.
0
Posted on 7/2/20 at 7:31 pm to TDsngumbo
quote:
I’m more concerned about politics on the OT.
Nope, that’s Mingo...
Posted on 7/2/20 at 7:34 pm to stout
I'd want to argue RV buyers generally aren't the most savvy investors, but considering I heard a marketplace interview with the Atlanta Fed Bank president the other day where he phoned it in from his RV out west, I guess my assumption of the financial acumen of an RV buyer is wrong.
But yes, I'm worried about the economy. Its not terrible right now for most, but I also don't think we can take much more. Especially when federal unemployment runs out. While it's no guarantee, there is the potential for a hard crash if the ball takes a bad hop.
But yes, I'm worried about the economy. Its not terrible right now for most, but I also don't think we can take much more. Especially when federal unemployment runs out. While it's no guarantee, there is the potential for a hard crash if the ball takes a bad hop.
Posted on 7/2/20 at 7:37 pm to JustSmokin
quote:It’s actually $540 a week after tax, and my family is losing significant income even with it. All people who have decent careers/salaries are.
600 a week will eventually run out.
Posted on 7/2/20 at 7:39 pm to JustSmokin
quote:didnt it run out yesterday
That $600 a week will eventually run out.
Posted on 7/2/20 at 7:39 pm to GreatLakesTiger24
End of July.
Posted on 7/2/20 at 7:47 pm to Jumbo_Gumbo
quote:
when you run out of ammo
Posted on 7/2/20 at 7:59 pm to Jumbo_Gumbo
Good luck with that. You think you're gonna be the only one hunting?
Posted on 7/2/20 at 8:00 pm to tigergirl10
quote:
It’s actually $540 a week after tax, and my family is losing significant income even with it. All people who have decent careers/salaries are.
That sucks but it's all the more reasons why the current plan is screwed up. Giving ~70% more money than they earned is just nuts. That's money your family could use if they had a more equitable system.
Posted on 7/2/20 at 8:03 pm to sawtooth
As long as we’re the world’s reserve currency and have the strongest military it’s unclear if deficits matter as much as some think. Not saying I want to test that theory but was very difficult to do anything about deficit spending even before covid.
And those of you who blame only Democrats for it are delusional hacks considering its history dating back to Ronald Regan all the way to Trump who doubled the fricking thing when he and the GOP pushed through a massive tax cut with no corresponding spending cut.
And those of you who blame only Democrats for it are delusional hacks considering its history dating back to Ronald Regan all the way to Trump who doubled the fricking thing when he and the GOP pushed through a massive tax cut with no corresponding spending cut.
This post was edited on 7/2/20 at 8:08 pm
Posted on 7/2/20 at 8:08 pm to Mr Perfect
quote:
do think trump will cut back that extra 600 and we will see how it all shakes out
Would he do that 3 months before the election though? I think he extends solely on political reasons. He knows it needs to be ceased. He knows it’s letting leeches be leeches but he also knows that he has votes riding on it right now.
I think he extends through November, leaving open the option to extend again and harp on that repetitively, then kills it after re-election. I hope so at least.
Posted on 7/2/20 at 8:10 pm to supadave3
It’s not just up to Trump. I agree they will keep it in some form until after the election though I do think it will be modified.
After the election it depends on who wins what. There is a world where Biden wins but GOP takes back the House, I know it seems counterintuitive but with everything going on any kind of conventional political wisdom is out the window. Could also easily see Trump win but Democrats keep the house and take the Senate. Then what? 4 years of gridlock and subpoenas I’d imagine.
After the election it depends on who wins what. There is a world where Biden wins but GOP takes back the House, I know it seems counterintuitive but with everything going on any kind of conventional political wisdom is out the window. Could also easily see Trump win but Democrats keep the house and take the Senate. Then what? 4 years of gridlock and subpoenas I’d imagine.
This post was edited on 7/2/20 at 8:13 pm
Posted on 7/2/20 at 8:29 pm to sawtooth
I don’t see another bailout happening with the newest jobs report.
Further, if these businesses are able to follow the guidelines for the PPP that debt will be taken away by taking that money out of circulation after the loans are forgiven.
We need to back our currency with something to stabilize things. Hopefully some of those earlier appointments to the Fed will pay off with some rewards in that aspect to stabilize goods and prevent further inflation.
Further, if these businesses are able to follow the guidelines for the PPP that debt will be taken away by taking that money out of circulation after the loans are forgiven.
We need to back our currency with something to stabilize things. Hopefully some of those earlier appointments to the Fed will pay off with some rewards in that aspect to stabilize goods and prevent further inflation.
Posted on 7/2/20 at 8:30 pm to toddjet13
quote:
don’t see another bailout happening with the newest jobs report.
well trump already said it happening so better inform yourself
Posted on 7/2/20 at 8:47 pm to Mr Perfect
quote:
yup $6 trilli from 2008-2018
$6 trilli for 2020 alone
and guess what dude? this pumping is going to continue for years bc boomers will have a retirement crisis without it
Hey, somebody has to pay for those old frickers medical bills while they're scooting around The Villages in a golf cart.
Posted on 7/2/20 at 8:49 pm to StringedInstruments
quote:
posted this on the Money Board: I went to look at a home that was listed for $375k. On the market for about a day. While I was there, the listing agent called and said they accepted a cash offer for $390k. Multiple cash offers bidding on the home.
Economy doesn’t seem to be impacting the housing market at all.
We had a lot of cash sales in DFW a few years ago. It's either foreign investors or people moving from more expensive areas- California, NY, and paying cash with the proceeds from the sale of their home that was worth millions.
Posted on 7/2/20 at 8:54 pm to Mr Perfect
We shall see what happens. He seems rather satisfied with the new unemployment numbers though. I think if we see more we see more of a targeted stimulus with further incentive to keep business at home and hire former workers.
Posted on 7/2/20 at 8:55 pm to wadewilson
I mean, I'm not much better, but I sneak in sometimes.
Posted on 7/2/20 at 9:26 pm to Jumbo_Gumbo
quote:Out of curiosity, what does this mean?
I have plenty of equipment to provide food for my family if needed
Guns? Acreage? Mill wheel? Cannery? Factory farm? All off the grid?
This post was edited on 7/2/20 at 9:44 pm
Posted on 7/2/20 at 9:49 pm to sawtooth
My main concern is that all the “aid” that’s been spewing out of DC will become a permanent welfare entitlement. This could certainly trigger recession, maybe even a depression. fricking politicians and their vote farming.
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