The economy comes crashing down

[bsm2]

Re: The economy comes crashing down

Like when theadministration tells us inflation is transitory or not even there , or the border is secure we will start to believe it . Almost 7% inflation for Bidens entire term in office , people are living it . Thats the reality .

Oh No the Trump Billion dollar Wall failed?

Oh No the Trump Tax Cuts Failed?

Asking for a friend

BIDEN BOOMM BABY

[BillyCarpenter]

Re: The economy comes crashing down

...

U.S. inflation accelerated in January despite efforts by the Federal Reserve to bring tame price hikes with higher interest rates.


The consumer price index, which measures what consumers pay for goods and services, rose 0.5 percent in January compared with a month earlier. The index had increased by one-tenth of a point in December after rising two-tenths in November.

[BBM]

Re: The economy comes crashing down

Oh No the Trump Billion dollar Wall failed?

Oh No the Trump Tax Cuts Failed?

Asking for a friend

BIDEN BOOMM BABY

No it did not fail . illegals coming in were the wall is not built . FINISH BUILDING THE WALL . Trumps tax cuts did not result in 7% inflation , Trump years were a BOOMM FOR EVERYONE . Tell your friend that

[Copier Addict]

Re: The economy comes crashing down

Like when theadministration tells us inflation is transitory or not even there , or the border is secure we will start to believe it . Almost 7% inflation for Bidens entire term in office , people are living it . Thats the reality .

Inflation is always transitory. Why would you believe otherwise? Is it because your information source of choice is telling you it isn't? That pretty much makes my case right there.
Just like everything else regarding the economy, and in life, things have ups and downs. Sometimes the ups and downs last longer than we would like, but it does turn around eventually.

[bsm2]

Re: The economy comes crashing down

No it did not fail . illegals coming in were the wall is not built . FINISH BUILDING THE WALL . Trumps tax cuts did not result in 7% inflation , Trump years were a BOOMM FOR EVERYONE . Tell your friend that

Yep millions unemployed
Locked in your home
One way isle in store
Masks
Restrict travel
Thousands of business closed
No toilet paper
It was Great

Tell your Friend

PS the wall they cut though and climb over that wall

BTW 25% of the National Debt was under the Runaway giveaway to the Rich in Tax breaks and lost tax revenues under the Trump Administration

[copiertec]

Re: The economy comes crashing down

I'm curious, if the economy is so good, why are banks prepping for possible debt defaults? (Serious answers only, please.) Bank of America CEO: We're preparing for possible debt default | CNN Business

[bsm2]

Re: The economy comes crashing down

With the Repubicains holding the debt ceiling hostage and wanting to crash the US economy to see what happens

[BBM]

Re: The economy comes crashing down

its Biden saying he will not compromise . No strings attached to debt ceiling

[copiertec]

Re: The economy comes crashing down

Please correct me if I'm wrong. But, isn't the debt ceiling for government spending and it's ability to borrow from a private bank? What does that have to do with commercial banks? I would think that with the economy booming that more people would be borrowing money from these banks for loans. Isn't that the way banks make money? Doesn't make sense if the economy is booming that banks are worried about defaulting.

[davidmtupper]

Re: The economy comes crashing down

Banks worry about getting paid back when the economy stumbles because people are more worried about putting food on their table than paying some of their bills. A typical eviction takes months to process, people will put off paying the mortgage hoping they can get caught up before losing the house. Revolving charge accounts will get ignored and possibly wiped out in a bankruptcy. Auto loans may be let go if they debtor can get another, cheaper vehicle. All these are NOT signs of a booming economy, but rather a failing one, and the banks will see the signs before most people.

[BillyCarpenter]

Re: The economy comes crashing down

I'm curious, if the economy is so good, why are banks prepping for possible debt defaults? (Serious answers only, please.) Bank of America CEO: We're preparing for possible debt default | CNN Business

David explained it quite well. I'm waiting to see if anyone will give a serious response. I'm skeptical that anyone from the other side is capable of actually debating. We'll see....

[slimslob]

Re: The economy comes crashing down

So, 59% are either as well or better off? Is that right?
And don't forget, people start to believe something that is being shoved down their throats every day. What I mean is, if you are told every day by your information source that you aren't better off you start to believe it. Look at all the people who still believe the 2020 election was not legitimate just because they have been told that by their information source of choice.

Read more than the first line of BBM's post. In the second line, BBM mentions that only 16% percent say they are better off. And I wouldn't be surprised if checking the raw data would show that most of those are Democrats who are in the top 20% income bracket.

[bsm2]

Re: The economy comes crashing down

David explained it quite well. I'm waiting to see if anyone will give a serious response. I'm skeptical that anyone from the other side is capable of actually debating. We'll see....

Biden Boomm Baby

Billions in new investment in USA factories.

Housing market still growing strong
PS thats a key indicator guess he forgot that one and also Auto sales

[bsm2]

Re: The economy comes crashing down

its Biden saying he will not compromise . No strings attached to debt ceiling

Because Repubicains want to cut Social Security that a definitely No Fucking Way.

Apparently the MAGA Republicans think it's ok to crash the Government

[slimslob]

Re: The economy comes crashing down

I'm curious, if the economy is so good, why are banks prepping for possible debt defaults? (Serious answers only, please.) Bank of America CEO: We're preparing for possible debt default | CNN Business

The only "defaults" that B of A is worried about is on credit card debt and mortgages, with mortgages being the elephant in the room. Mortgage rate are starting to rise while home values have peaked and are starting to fall. Sounds very similar to the lead to the financial crisis of 2008 when the huge mortgage bankers failed.