Posted on 09/09/2023 6:00:45 AM PDT by Libloather
FOX Business Network host Charles Payne sounded the alarm that the economic indicators in the United States are becoming "frightening." Payne said on "Hannity" that he fears $4-per-gallon gasoline could look cheap in the next few months, and "Americans just aren't prepared" for what is coming.
CHARLES PAYNE: He's [Biden] in a lot of trouble, but it's going to get a lot worse. The trends on the economic data are frightening… frightening. We see the smallest banks right now, their delinquency rates are 7.5%, it's off the rails, but the large banks are turning up. Credit card interest rates just cracked 22% as defaults are going through the roof. All the economic indicators point to extreme pain, and it's going to be exponential. … It's gradual, and then it's going to feel like a rocket ship and Americans just aren't prepared for it. You know, all of the free, steady money is gone. We're still dealing with inflation. People are trying to batten down the hatches. Our gasoline inventories are at a five-year low. Obviously, the Strategic Petroleum Reserve is at its lowest levels since 1983. Four dollars may look cheap three months from now, and $4 may look cheap for what looked like the good old days three or four months from now. The trajectory, right no that we're on, all the indicators point to what we're feeling right now is just the very tip of the iceberg. It's going to get a whole lot worse.
The U.S. economy has a better chance than not of tumbling into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank strategists.
In an analyst note Wednesday, the strategists warned a recession remains the more likely outcome than a "soft landing" as a result of the Federal...
(Excerpt) Read more at foxnews.com ...
We’ve likely had stolen elections for quite a while.
Or Deep State saw to it that the elections it cared about had Deep Staters running in both parties.
Trump upended their apple cart in 2016 when Deep State got cocky.
DS has since corrected its mistakes.
We are not in a recession? I guess it depends on perspective. My buying power is reduced, I have to spend conservatively and sparingly. That is a recession to me.
Betta yet, wha be diss Fox News?
Betta yes, just diss Fox News!
DS has since corrected its mistakes.
So have the good guys.
The economic woes to come will be blamed on the “previous administration” and about half of the voters will believe it and continue to vote Democrat.
Not yet we haven’t.
If the mail is still running, I wouldn’t count him out.
The new Depression Speak.
We’re in a recession now.
It was “more” than 1 stolen election.
This began even before the O-tard was even heard of.
This is financial now, but that is a side effect of the Communists taking control of the Fed Gov. They all aim at the seat of power, that is what they feed on. They are incapable of doing anything else but DICKtate.
What does it matter?
The Democrats will rig the election same as they did in 2020 and call it the ‘freest, fairest election ever’ - Biden will get 100 million or more “votes”- and the courts will agree with it all.
Here’s to $6/gallon Biden gas in time for the next election.
: "DS has since corrected its mistakes."
If it was a fairy tale we were reading instead of what we are actually living, we would marvel at the genius of such a plan.
Well, Biden’s press secretary told us just yesterday that Bidenomics is working - the economy is in great shape, inflation has slowed and there are jobs a-plenty to be had.
Tell that to my neighbor who says he’s had to pull from his 401K to keep his house and family fed.
Correct.
Biden runs nothing it’s the Group of Obama Freaks at the White House
If you haven’t figured it out, Biden is paying illegal aliens living expenses he expects to be able to take from Social Security recipients. Bet on it.
Charles Payne is one of the truly good guys.
He is what I consider to be the Afro Heritage Minority-minority.
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