Posted on 06/13/2022 10:58:45 AM PDT by Red Badger
Jamie Dimon saw this coming a few weeks ago... Dimon might have to BE the next JP Morgan... yeah, JP Morgan was a real person who saved the nations financial bacon....
There is no ‘fix’ that is either ‘easy’ or ‘painless’. The Piper MUST BE PAID. There is no such thing as a free lunch.
The economy will recover, it always does. Whether or not you or I live through it is a different question................
Sounds like they’re riding unicorns ...
My wife was complaining about the huge increase in value in our house last year. Well - more specifically the huge hit in taxes we will have to pay.
The person she was talking with thought my wife was nuts. “But your house is worth so much more now! It is like winning the lottery and complaining about the tax on the winnings!”
I didn’t want to get involved in trying to explain how while the house might be “worth more”, it really doesn’t mean anything unless we were going to sell it. But the increased taxes still have to be paid.
Biden probably is including the increased values of homes in his “savings” calculation.
We were looking at homes for sale yesterday with family looking to buy. Real estate agents mentioned that fear is taking hold, and there aren't as many offers over asking. And many offers at asking or below are being accepted. Switching from a seller's market to a buyer's market as uncertainty in the economy takes hold. Homes that quickly sold within a week are now remaining on market for multiple weeks and are having price drops week after week.
Wait until you see the price of summer blend, o wait… we aren’t doing summer blend this year. So let it be written, so let it be done.. daddy Biden.
Sounds like the trust fund babies are starting to hurt too.
Love it !
What a nice visual .. sure wish I was still young enough to do all that!
“But your house is worth so much more now! It is like winning the lottery and complaining about the tax on the winnings!”
That guy is not very smart. It’s like winning the lottery and not receiving any money, then having to pay taxes on this fictional gain. Now suppose you sell the house for an increased profits. You’ll have pay a lot more for your next house, so basically no gain.
Here’s the good news. There’s never been an 8 year period of time when the stock market DIDN’T make money. That includes the ‘29 crash.
Of course we’ve never had a President as bad as Biden or an Administration as stupid... so this could break the record.
Here’s my guess: If Republicans take Congress in the midterms we can stop Democrats from making the REALLY BIG HORRIBLE DECISIONS. The market will start to recover. Then if Trump two years later, we’ll recover.
Here’s the good news. There’s never been an 8 year period of time when the stock market DIDN’T make money. That includes the ‘29 crash.
Of course we’ve never had a President as bad as Biden or an Administration as stupid... so this could break the record.
Here’s my guess: If Republicans take Congress in the midterms we can stop Democrats from making the REALLY BIG HORRIBLE DECISIONS. The market will start to recover. Then if Trump WINS two years later, we’ll recover.
Yes, that's why I said we're technically not in a recession yet but we're getting very close. Q1 2022 GDP shrank, so if this quarter's GDP turns out to be negative, that would mean we're already in a recession right now (but we just don't know it yet).
Stuff will cool down when we implement mexican policy on real estate ownership.
Have to be a citizen to own land.
Too many chinese buying houses
Good point about foreign investment. That crap should be shutdown. I don’t even like corporate ownership, but gotta start somewhere. Cutting off China is a good place.
While we’re at it, push mexican voter laws.
Purple thumb when you vote, one day only, voter id specifically for voting. Good for 3 elections, hole punch the current election year. No temporary ballots
First quarter 2022 was negative at -1.5% GDP.
Now (last week, June 2022) “they” (in Washington and on ABCNNBCBS TV) were “predicting June’s GDP will be +1.6 %. That way, you see, “they” also avoid 2 negative quarters in a row, don’t they?
Does June feel like it’s in a 3% growth?
There is one, yes one, thing that would have the country booming again in six months, and that will never be allowed by the destroy America regime in office. Remove all regulations on producing oil and gas in America and start building the keystone again.
They will manipulate the numbers like a street con at a 3 Card Monte..................
Yes..................FOR INFLATION!...............😉
Great Recession 2.0, presented by Joe Biden.
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