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And again the economy needs to be mentioned...
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Sep 27, 2023 11:34:03   #
jack sequim wa Loc: Blanchard, Idaho
 
permafrost wrote:
A few excerpts from Quora....


13 million people who have jobs that they didn’t before, a steadily growing GDP. An economy so hot that the Fed has kept raising rates to slow it down. Increased wages. 3.5% unemployment. I see the GOP on the other hand is going to try to destroy that by shutting down the government. Weirdly every time the government is shut down the GOP have been in control of the house and it always lost them v**es. The poor incompetents.

Hmmm the economy is doing well.

The wealthy elite? Ah yes the elite. The elite are those who are the best at what they do. I always hire the elite in any area I can. They are by far the best employees. The wealthy dear it was your guy who was determined to make the wealthy wealthier with a massive tax cut. In that same bill the tax rate for the middle class was raised by 50% from 15% to 22%. Pay attention.

Kids live at home So in your world do you birth them and leave them in a diaper bag beside the road? Our kids lived at home with us because we loved them and raised them and owed them everything they needed. When they became adults they left home between 18 and 19, went to their preferred universities qualified for their professions married and are now raising there kids with mommy and daddy supporting them. They are doing much better economically now than they did between 2017 and 2021. As their kids grow up they are becoming independent adults. The oldest grandchild is now 22 and will be graduating with her pre med degree next year. Yup she can use her brain and like we did and like our kids did she is working and paying her own way through her university.

Yes they can use their minds, our daughter is a large animal vet who can be called out any time of the day or night. She is hardly lazy. Our son is a civil engineer who married a civil engineering student while he was in grad school and they run their own company calculating stresses, materials and building infrastructure. Yes we all can use our minds. My US branch lost money when Trump was pressie due to his trade wars. We all tightened our belts. My employees now have gotten raises that more than made up for their built tightening. They have no gripes about the economy.

I suspect you know little about economics. but are in a job that pays comparatively little and base your total “economic knowledge” on the price of gas.
A few excerpts from Quora.... br br br 13 milli... (show quote)



8% mortgage rates...sterling credit holders are being denied loans now.

Auto repossessions grew by an all time historic high of 5% in just one quarter and July-September's quarter numbers expected even higher (national shortage of tow trucks to collect all the repossession.

Highest credit card debt/default in history.....inflation drove consumers use of credit cards to by essentials, "food"
Historic home foreclosures on the rise and forecast to collapse markets worldwide.

Now 200 (two hundred) trillion unfunded liabilities in the United States. Plus growing to 34 trillion national debt. No worries, it will only take over 700,000 years to repay.

Highest Yield (reverse) curve, bonds in history.....no worries, happens during the worst recessions/Depressions of nations

Largest stock market bubbles in history= greatest stock market crash in history.


#moronsoneconomics
Why do you (economic illiterate) continue postings, on economics?

Enjoy your day,
But I would suggest better time spent, preparing for what is coming (collapse)
Read my previous post on what was coming and it's now here.

Reply
Sep 27, 2023 12:51:09   #
Wonttakeitanymore
 
permafrost wrote:
A few excerpts from Quora....


13 million people who have jobs that they didn’t before, a steadily growing GDP. An economy so hot that the Fed has kept raising rates to slow it down. Increased wages. 3.5% unemployment. I see the GOP on the other hand is going to try to destroy that by shutting down the government. Weirdly every time the government is shut down the GOP have been in control of the house and it always lost them v**es. The poor incompetents.

Hmmm the economy is doing well.

The wealthy elite? Ah yes the elite. The elite are those who are the best at what they do. I always hire the elite in any area I can. They are by far the best employees. The wealthy dear it was your guy who was determined to make the wealthy wealthier with a massive tax cut. In that same bill the tax rate for the middle class was raised by 50% from 15% to 22%. Pay attention.

Kids live at home So in your world do you birth them and leave them in a diaper bag beside the road? Our kids lived at home with us because we loved them and raised them and owed them everything they needed. When they became adults they left home between 18 and 19, went to their preferred universities qualified for their professions married and are now raising there kids with mommy and daddy supporting them. They are doing much better economically now than they did between 2017 and 2021. As their kids grow up they are becoming independent adults. The oldest grandchild is now 22 and will be graduating with her pre med degree next year. Yup she can use her brain and like we did and like our kids did she is working and paying her own way through her university.

Yes they can use their minds, our daughter is a large animal vet who can be called out any time of the day or night. She is hardly lazy. Our son is a civil engineer who married a civil engineering student while he was in grad school and they run their own company calculating stresses, materials and building infrastructure. Yes we all can use our minds. My US branch lost money when Trump was pressie due to his trade wars. We all tightened our belts. My employees now have gotten raises that more than made up for their built tightening. They have no gripes about the economy.

I suspect you know little about economics. but are in a job that pays comparatively little and base your total “economic knowledge” on the price of gas.
A few excerpts from Quora.... br br br 13 milli... (show quote)

You are so lost!

Reply
Sep 27, 2023 14:03:21   #
okie don
 
jack sequim wa wrote:
8% mortgage rates...sterling credit holders are being denied loans now.

Auto repossessions grew by an all time historic high of 5% in just one quarter and July-September's quarter numbers expected even higher (national shortage of tow trucks to collect all the repossession.

Highest credit card debt/default in history.....inflation drove consumers use of credit cards to by essentials, "food"
Historic home foreclosures on the rise and forecast to collapse markets worldwide.

Now 200 (two hundred) trillion unfunded liabilities in the United States. Plus growing to 34 trillion national debt. No worries, it will only take over 700,000 years to repay.

Highest Yield (reverse) curve, bonds in history.....no worries, happens during the worst recessions/Depressions of nations

Largest stock market bubbles in history= greatest stock market crash in history.


#moronsoneconomics
Why do you (economic illiterate) continue postings, on economics?

Enjoy your day,
But I would suggest better time spent, preparing for what is coming (collapse)
Read my previous post on what was coming and it's now here.
8% mortgage rates...sterling credit holders are be... (show quote)

~~~~~~~
Thanks Jack
It's coming big time.
Depression #2 as history does repeat itself, believe it or not!

Reply
Sep 27, 2023 14:06:11   #
okie don
 
In Q
1955, when I was in highschool,
a 2 bedroom house cost $7500.00.
Monthly payments $75.00/ month.
That's the year of the '55 Chevy's.

Now, a newlywed might live in a tent.

Reply
Sep 27, 2023 14:38:07   #
WEBCO
 
No intelligent person can possibly believe the economy is better today than 3 years ago

Reply
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