Posted on 03/11/2022 8:08:41 AM PST by Browns Ultra Fan
As inflation worsens, the University of Michigan survey of consumers fell again as US inflation worsens.
On the housing front, buying conditions for houses fell to 70 as a result of soaring home prices.
MY confidence in Biden and Congress has certainly declined.
(Excerpt) Read more at confoundedinterest.net ...
You have Joe for three more years..
..then we have Kamala...then we have Pelosi...see the picture?
actually you better pray Joe stays healthy
Or maybe Kamala if Joe can’t make it to the finish line.
Temporary transition until the economy turns around.
Maybe the line “prosperity is right around the corner” will work for Democrats. It’s all about delivery.
Yep, it’s all transitory. Nothing to worry about.
Next: The ECONOMY was DEAD we I got there!
Currently, average inflation rate in Western Europe is 4% with France as low as 3.3% and Canada at 5.1% while US inflation rate is 7.9%. All 3 Western entities are exposed to the same economic global externals such as escalating oil prices and the covid menace. Escalating government spending in the US over the last 12 months has broken all records everywhere when we spent 6.8 trillion with a record 2.7 trillion annual deficit. While Western Europe was spending 70% relative to GDP we were spending 135% relative to GDP last year. Pretty much tells the story of why our inflation rate is double the Western European inflation rate.To paraphrase a bit: It’s the spending, stupid.
The one bright side is all these ongoing disaster will lead to a bloodbath in November. The election is now less than 8 months out.
Dear FBI monitors: i meant “bloodbath” in the figurative sense.
It's a game of Monopoly, with a Russian Roulette economics twist.
"After having MY fun...I hereby bequeath my descendants...this large bowl of sh*t.
Peace-Out."
DC area housing market is still going nuts. Theres a backlog of housebuyers from the last few years that are all still looking.
Foreclosures are way up, too...
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