“We look for a soft economic rebound in the second half of 2022 to keep manufacturing growing in a low gear,” said Oren Klachkin, economist at Oxford Economics.”
Keep looking dipshit...
Rocketing down past stagflation into depression or worse.
Massive numbers of bankruptcy, late rent and mortgage payments while credit card debt levels skyrocket as people struggle to survive....truckers can’t afford to drive their rigs on $5 a gallon as supermarket shelf empty and hospitals run out of oxygen.
I don't think Economics is a real field. I think it's just Political Science. To some extent, economic theory is just a way to manipulate the people ("support the Party, we will redistribute the wealth") and beyond that, it's a simple Propaganda tool ("our new index tells us that, despite appearances, there is no recession and no inflation").
Paul Krugman, to me, is a perfect example of a real Economist. Scum.
They’re going to make sure that when Trump is inaugurated in January 2025 the nation is in an advanced state of collapse.
And then they’ll blame him for it.
We deserve all that is coming.
I’m an Upstater.
I’ve been talking to people, makers not takers, who swore they’d never move. Who own very nice homes up here that they’d probably ending up selling for less than assessed value if they moved.
If Deep State steals the next state elections, they’re leaving.
Most will be going to Florida.
From a strictly personal view I think we are in a recession.
I’m trying to sell a Lexus RX350. When I first put it on 2 months ago at $15,200 cars.com said it was priced UNDER the normal range (something like 18250 to 19250).
It didn’t sell for a month so I took it off and relisted a week ago at $14,900. All the sudden cars.com lists it as exactly in the middle of normal range. So in 2 months their value for selling this vehicle has dropped almost $3000 dollars! That is HUGE. I’m still not getting any serious offers ( Low ballers) so I dropped it to 14,800.
Might be other things going on..example has the chip shortage stopped and new cars are flooding the market?