Posted on 09/21/2022 2:03:28 PM PDT by ChicagoConservative27
True also it’s going to cost more for home owners to pay off their loan a bunch.
“Nobody is more bullish on oil and gas than Joe Biden”
I don’t think the commenter meant that in the way you are taking it.
Unemployed people are natural Democratic voters. Not an accident that the putz is excited.
Although would we not expect a 4% drop as boomers left the economy.
“True also it’s going to cost more for home owners to pay off their loan a bunch.”
Every adjustable-rate mortgage that can be refinanced into a fixed rate has been. There are very few arms out there to go bad. In the residential market, that is.
We are also at a record high percentage of homes being clear of any mortgages, 37%!
“True also it’s going to cost more for home owners to pay off their loan a bunch.”
Every adjustable-rate mortgage that can be refinanced into a fixed rate has been. There are very few arms out there to go bad. In the residential market, that is.
We are also at a record high percentage of homes being clear of any mortgages, 37%!
My bank is still only paying .01% interest. And the zero is not an error.
“Job participation is what needs to be looked at”
I’ve always thought that too. Maybe it’s called Labor Participation Rate.
They are going to cause so much chaos I expect to see them lower rates in two or three months from now.
Powell: Fed hikes will likely boost unemployment but not to worry I will keep my job and will get a big bonus as well!
“I’ve always thought that too. Maybe it’s called Labor Participation Rate.”
A common argument against using this number, however, while boomers are leaving work the population of the nation still has grown by over 30,000,000 in the period I mentioned. Also, since the economy and inflation are bad the older workforce is forced to work longer and come back in.
But the point was that unemployment is an easy number to lie about and manipulate. Just say this couple of million of people are no longer looking, and unemployment drops a percentage point (don’t even need proof, just a pencil pusher to say it).
“while boomers are leaving work the population of the nation still has grown by over 30,000,000”
That’s not a bad argument against using the Labor Participation rate. Maybe the employment/unemployment picture simply can’t be fully described with a single number.
But the LPR is important in itself because it tells us how many working people are supporting both themselves and those not working.
I consider all statics we get from throughout the world to possibly distorted, either intentionally or not.
For instance, we recently saw a map of the billionaires in the world. Who really know how much these rich people are worth? I figure many hide their wealth.
Biden Boom, great economy, steady growth, no recession, technically not a recession, technically a recession but not all indicators, not full-blown recession, ok, some unemployment...
I don’t think so. The same thing was said several months ago by another Freeper and that hasn’t happened.
The housing market is in a slow mode interest rates are choking it the added amount to payments is to high.
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