Posted on 12/11/2022 8:38:57 AM PST by Kaiser8408a
Real estate bubbles and China go boom?
There are numerous bad situations lining up at once…
“There are numerous bad situations lining up at once…”
As in A Perfect Storm, IMO.
Aye.
“There are numerous bad situations lining up at once…”
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What happens when the rising costs of necessities (food, shelter, energy, transportation, health, etc.) put the squeeze on what little disposable income is left? Consumption will have to decline leading to all manner of economic problems down the road. Just saying.
No problemo. We’ll just spend our way out if it. After all, we can print prosperity, can’t we?
Just send everyone more government checks. Presto!! Fixed!
The only thing that will end inflation and prevent the poverty we are facing soon, is to increase production of all goods.
As I have said before, every farm boy knows that when the family farm has a great growing season and a bumper crop, so do all of the other farmers and prices are low.
When the season was bad and no one has any, the prices are high.
All the FED can do is screw up man’s natural instinct to make things that are in short supply and reap the reward.
But socialists and communists do not understand economics.
But we expect them to cure our economy?
Blackrock’s Dire Forecast brought to you by the policies that Blackrock employees, now working for CornPop, have been implementing since not one person in the White House, the Treasury Dept or any other Executive branch department has an effin’ clue as to what they’re doing.
As for the housing crash that is probably going to take place....I really wonder what an actual detailed analysis would uncover if one were to be done.
Low interest rates? Folks buying more than they can actually afford? Over building? Over development?
Oh wait, there’s not enough supply for the demand, right?
Or is it, there’s not enough supply for all the people that are moving away from liberal sh*tholes that they helped create? Is it that small towns and cities in the South and elsewhere, not designed to deal with the influx of people, are experiencing massive over development, rising taxes, traffic and congestion like they’ve never seen or imagined. All in the interest of...PROGRESS.
When in fact it’s greedy developers, greedy government officials that give away the kitchen sink with no input from the taxpayers, and even greedier city/county officials that approve everything and anything, as long as the incoming company promises more jobs than any of them could possibly fill.
Georgia, Newton County and Covington, Ga just sold the land and approved a facility, out of California(imagine that...because ONLY west coast liberals build stuff) that is going to build electric planes. Promising 1000 jobs....sure. Absolutely. Definitely going to happen. Got some crazy tax breaks in finishing this deal, too.
Folks only hear about it after the deal is done. You don’t say.
Just send everyone more government checks.
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Well, the latest COLA is 8.7% for Social Security and the Civil Service Retirement System so that’s a start. ;)
Nobody in congress seems interested in talking about the national debt anymore. Its simply indefensible.
“No problemo. We’ll just spend our way out if it. After all, we can print prosperity, can’t we?”.
Not when the dollar loses its position as World Reserve Currency and it’s headed that way. That will/would put a stop to printing money on the scale we’ve seen.
Not when the dollar loses its position as World Reserve Currency and it’s headed that way. That will/would put a stop to printing money on the scale we’ve seen.
I knew I should have put a /sarc label on my post.
“But socialists and communists do not understand economics.
But we expect them to cure our economy”?
You are correct.
Biden and his handlers are doing nothing to help. They are relying on the Fed to fix things. They are letting it go to hell intentionally.
No problemo. We’ll just spend our way out if it. After all, we can print prosperity, can’t we?
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Ha ha. indeed! Mo Money! that’ll fix it. ;-)
If anything, the insane multi-trillion dollar stimie handouts of 2020-2021 were a textbook example that Keynesian economics does not work. Printing money does not create supply, it just drives up demand, and then price, for the few goods available.
Even if the Fed gets the current inflation rate to zero, never mind 2%, it will leave prices at an incredibly elevated level for necessities like food and energy.
But, but, but - the "economy" is opening new credit cards and consuming production from China!
What about all that?
(You forgot "increase extraction of natural resources")
Debt is rapidly approaching $32 trillion. Note that nobody is talking about it anymore. It has become a non-issue for the politicians who got us into this mess.
Teflon Joe.... but, Orange Man is to blame.
No problem. I understand. You know what’s going on.
Debt is rapidly approaching $32 trillion. Note that nobody is talking about it anymore. It has become a non-issue for the politicians who got us into this mess.
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It’s the Blue Whale in the room.
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