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Biden’s Incredible Shrinking Economy! Bank Credit Growth Negative For 10th Straight Week As Interest Rate On Short-term Loans Almost 10%!! (Ouch!)
Confounded Interest ^ | 10/12/2023 | Anthony B. Sanders

Posted on 10/12/2023 9:54:24 AM PDT by Kaiser8408a

Bidenomics is failing catestropically. Example? As interest rates rise to fight Biden’s Federal spending splurges, bank credit growth slowed to -0.41% YoY for the 10th straight week of negative credit growth.

While interest paid on short-term loans almost 10%!!

“Jimmy, watch me tank the economy even worse than you did!”

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: bidenomics; credit; lending; mortgage

1 posted on 10/12/2023 9:54:24 AM PDT by Kaiser8408a
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To: Kaiser8408a

In the end, it is the POOR that will end up suffering the most because of these immoral fiscal policies. U.S. Congress needs to shut off the funds. That is their job.


2 posted on 10/12/2023 9:56:20 AM PDT by rovenstinez (. )
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To: rovenstinez

“U.S. Congress needs to shut off the funds.”

*************

Agree, but they have little incentive to do it. They use the money to buy votes.


3 posted on 10/12/2023 10:04:44 AM PDT by Starboard
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To: Kaiser8408a

I agree with Thomas Sowell, Warren Harding/Calvin Coolidge and Ronald Reagan did the best job(s) handling an economic turn down. Better than Hoover, Roosevelt, Carter, President Sparklefarts or Dim Joe, put together. Reagan even did better than Johnson, Nixon, Ford & Carter handling the inflation caused by government mismanagement & the debasement of the American Dollar.

Harding/Coolidge and Reagan did NOTHING and simply allowed the economy to right itself as it will always do. If it is allowed.


4 posted on 10/12/2023 10:06:30 AM PDT by Tupelo (( e pluribus unum is now ex uno multis))
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To: rovenstinez

The ‘poor’ vote for these thieves. Let them suffer.


5 posted on 10/12/2023 10:46:49 AM PDT by MrRelevant
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To: Kaiser8408a

Bongino often states that it is just not ‘bad enough’ yet for people to vote/act differently. In the Jimmy Carter years, mortgage rates were 17+18%. The Hussein / Biden Regime will lie about the economy as much as possible. The stenographers in the Drive-By Media will repeat the lies, but every day people will experience the real economy. If President Trump can overcome the DemocRAT Party Voter Fraud Industrial Complex, we may yet begin to prevail against the evil that walks our streets.


6 posted on 10/12/2023 11:00:04 AM PDT by Ronaldus Magnus III (Do, or do not, there is no try)
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To: Tupelo

Reagan reduced regulations which allowed our economy to grow.
Trump did the same.


7 posted on 10/18/2023 5:15:21 AM PDT by Texas resident (Biden=Obama=Jarrett=Soros)
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