Economic Indicators, Led By Mortgage Rates, Are Flashing Red
Posted on 05/21/2022 11:10:22 AM PDT by Presbyterian Reporter
This is crazy. Read an article the other day saying 25% chance of recession in 2023. Wasn’t last quarter negatively and I’m willing to bet the next one will be also. Boom recession. Can I get my honorary economics degree?
“””opened my property tax statement for next year...
makes that 30.7% jump look like a rounding error.
50%
in 5 years my property taxes have almost tripled.”””
But last week I got the bill for next years house insurance and that was up 21.4%.
Food, shelter, and transportation costs are biting people in the butt.
And, of course, Biden’s open borders only makes food, shelter, and transportation costs higher for US citizens as these millions of illegals eat food, live in some sort of house, and transport themselves in some manner.
When are these smart economists going to tell us how much it costs to feed, shelter, and transport several million illegals each day in the USA?
My estimate is a cool billion dollars a day. Based on probably 20 million illegals or immigrants at a conservative 50 clams a day for food, free jet travel, free bus rides, housing, that loaded ATM card they are given at the border for incidentals, unlimited medical, Obama phones etc.
So easily a billion a day. And I bet I am -way- low.
“””My estimate is a cool billion dollars a day”””
I think you are in the ball park.
Another thing the smart economists need to look at is the cost of having millions of working age citizens sitting on their butts and not working, as well as, the millions of working age citizens employed by local, state, and federal government entities that are in totally useless and non-productive jobs.
The USA has more than enough workers to be extremely prosperous. The problem is that we are not willing to kick butt and tell the non-workers and the non-essential workers to go to work each day.
When are these smart economists going to tell us how much it costs to feed, shelter, and transport several million illegals each day in the USA?
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they saw what the government did to doctors and the truth about the wuflu.
Most Analysts are whistling past the graveyard.
Most city dwellers are going to riot and rob stores even more! Wait until they can't get baby formula, gas or meat.
Excellent point!!!
We are officially in a recession. Proof? I washed two of my cars yesterday instead of taking them to the local car wash. I am also now making my own coffee in the morning instead of buying it at 7-Eleven or Starbucks.
“””Proof? I washed two of my cars yesterday instead of taking them to the local car wash.”””
I was waiting to read that you washed your two cars before selling them so you could have money to buy coffee to brew yourself a cup. Thanks.
I am not a degreed economist, but what I do know is that Trump’s economic policies seemed to make sense and the results showed. The prior President who seemed to understand economics was Reagan.
I work in big-box retail. My company has been doing VERY well. But suddenly the store is almost empty on a sunny Saturday. This is abnormal and worrying.
I’m finding a lot of empty shelves in many of the big box realtors.
Recession? Only temporary.
The local paper publishes the tax receipts for area counties and towns each month. It is a good barometer of activity in a pretty real time basis.
Receipts are down about 6% and continuing to fall.
Food pantries are also experiencing empty shelves because people are not donating food like they used to.
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