Posted on 12/13/2022 12:31:20 PM PST by george76
But Dems keep winning elections, or so we are told
Those whose goal is downward levelling will regard this as progress.
Say what?
FJB
Hardship withdrawals from 401(k) retirement accounts hit record high recently - according to investment firm Vanguard.
Read the fine print. This is to end of Q3 when Dow was 28,000
Now it is 34,000+
6000 rise on the Dow is significant.
The Biden Crime family probably got most of it.
The 8.6 percent drop from January to September is the second fastest decline on record, behind the financial crisis of 2008/2009 ....... that was also created by Congress meddling in the housing markets.........
(American households’ real wealth fell $13.5 trillion in the first three quarters of 2022,)
Yes and there are STILL idiots that voted Democrat.
🤦🤦♀️🤦♂️🤦♀️🤦♀️🤦♂️🤦🤦🤦♂️🤦♀️
I’m 79 and I have never had to live from paycheck to paycheck...until now.
However, I am very thankful that I have an income.
Well, the globalist devils told us we will own nothing and be happy, so this is just par for the course.
Big Brother will see to our every need.
I hope I’m wrong about events going forward but it doesn’t look too good.
Instead of the middle class making slight annual gains, they’re losing at a rate which will decimate most of them.
All produced and directed by the lying corrupt in government.
I guess I shouldn’t complain as I’m down only 15%. Looking at the last 5 years one would have thunk Biden gave me a giant middle finger...
That's the truely unlawful Democrap BS. With the way elections are rigged, Democraps may never have to campaign again to win.
As Trump said, the inflation is a hidden tax on the people. EVERYTHING costs more since shit-for-brainsBiden took office. Higher prices means more tax revenue!! It’s not rocket surgery!
“American households’ real wealth fell $13.5 trillion in the first three quarters of 2022,”
I remember general agreement around here that the value of “everything” was over-inflated so this drop is simply what was already baked in the cake. The important question is, how much further down before things are undervalued and ripe for buying?
The thing to watch is the Bond market, where it’s getting very interesting. The 10YR peaked about 7 weeks ago. The 2YR peaked about 5 weeks ago. The 3M peaked (for now) about 1 week ago. The 3M has been inverted above the 10YR for about 10 weeks.
There’s a message laid out within those numbers. The Bond Market’s messages tend to be more reliable than the Stock Market’s messages. Think about the various time values of invested money in those benchmark Bonds. Record them and watch them over time. It will be instructive after you watch for a while.
“American households’ real wealth fell $13.5 trillion in the first three quarters of 2022...”
Looks like we need more democrats to run things.
At least, according to many single women, they can still have abortions, and that means so much more than anything else possibly could, including patriarchal white supremacy issues like eating and staying warm.
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