Posted on 08/31/2022 6:44:18 AM PDT by lasereye
My grocery bill has trippled. Everything I pick up is $5. A roast for $20-30 and more. I don’t know how families with 3-4 kids, do it.
I think the foundation of our lives were shaken and it’s not back to anything normal yet. I know I felt like we were in doom and gloom.. for the dems to steal the election..... for we knew Trump would win .. then it was overthrown by their acts. I don’t like to know we have as President.. a man who is not on a normal level.. any day he can declare anything. .and he does not care for what the people want or need.
They rioted all summer and then took the one man I trusted as he was getting things done.. it was unsettling.
- When the Democrats are in charge, their policies drive the nation toward the ditch or into the ditch.
- The public responds by electing more conservatives, just as the Dems & press concurrently begin blaming those newly elected for the ills the Dems created during their controlling tenure.
- The Republicans set about righting some of the wrongs & curbing the excesses, all the while continuing to get the blame...
- Even as the country improves, the Democrats eventually gain in Congress and perhaps also in the White House.
- Now back in power, the Dems & their media take credit for the improving conditions created by the conservatives during the previous few years.
- The pattern begins anew, with the liberals again setting in place their destructive policies.
That's generally how it goes, with the specifics of each few years adjusting based on current fiscal, social and foreign policy conditions, etc.
Depending on what Trump has up his sleeve for setting the record straight for stolen 2020 election, Trump-endorsed MAGA Republicans will get the media blame for desperate Democratic-manufactured recession (imo) in 2024 if Republicans control Congress in 2023.
Correction, insights welcome.
I agree, as just stated in my post right before yours.
Most economists are just guessing and are useless imo. Hanke is getting his predictions from his model, which seems to be accurate. Unfortunately that means things will go downhill fast.
For the sake of the country, I hope not, but it would be massive politically.
According to a recent Bank of America survey of asset managers, recession expectations among investors have reached an all-time high.
WOW look out
Every time the TCMDO exceeds 360% of GDP, we go into a recession.
We are already there.
With Biden’s Mafia giveaways, it will only get worse.
And TCMDO is what...?
Hooray for economists and soothsayers.
Every time the TCMDO exceeds 360% of GDP, we go into a recession.
We are already there.
With Biden’s Mafia giveaways, it will only get worse.
Total Credit Market Debt Outstanding; the sum total of all personal, city, state, and federal debt owed by Americans.
The Federal Reserve out of St. Louis tracks it and makes the figures available on their website.
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