Posted on 11/30/2023 12:53:28 AM PST by zeestephen
Yep, absolutely. If you have a bucket that leaks a gallon an hour it will still go dry if you are only putting a half gallon an hour in it to try and keep up. The leak is going to win, it will just take a little longer.
An implosion of the country for whatever reason will certainly affect the economy.
Sorry bout that.
That is the entire problem in a nut shelll. Think what happens as you over inflate a beach ball.
On this rate staying up....I totally agree. This low-mentality that has been around years was wrong.
But you go to the home market and say x-home is worth $650,000 (in your mind) and look for buyers who have 30-percent for a down payment...then find few if any can thrill the banks with the requirements or the job security.
You can predict for the next decade....it’s a long tough period and very similar to the 1930s. College paths? That will decline in a hurry. Both parents now having to work, to afford any lifestyle? Yeah. People charmed to over-pay on some I-Phone? Forget it. Spending $5,000 on some Aruba two-week vacation? Not for the next couple of years. Motorcycles or speed-boats? That’s going to decrease. People buying bare-bones health insurance? Will start to be the ‘norm’.
We will end up whittling down expenses...as our chief way of fighting inflation, and grumble about it daily.
Meanwhile this article was posted just hours before on FR:
“The U.S. economy is doing even better than the government thought”
I’ve always suspected even economists don’t know fully what they are doing , which is why it’s best to let the economy alone.
Anyone that believes CBS is delusional.
“July through September”
So folks spent funds to escape for a week of vacation before climbing back into the salt mines and onto the roller coaster.
The U.S. spends 451 billion dollars years on illegal aliens. The stupid party should show some ..... and cut the budget by 451 billion dollars. Tell Biden to fund the illegals from the DOJ and IRS budgets.
Good ol’ CBS, sayin’ what they’re told to say.
When you are in the toilet the only direction you can move is upward.
The grocery cart tells the truth.
Nobody wants U.S. Treasury bonds
https://freerepublic.com/focus/f-bloggers/4200225/posts
Yes, I can ALMOST afford a pound of hamburger now. /S
Was looking, recently, at a local grocery store ad....at their “sales”....
A can of pumpkin was *on sale* for almost twice as much as it cost two years ago! The base price was even more than what it cost two years ago.
Almost like it was marked up, to put ‘on sale’. No idea, since I hadn’t priced cans of pumpkin in the past year.
I wonder if they’re also somehow *paid* to say these things. As in....with our tax dollars.
Lies, Damned Lies, Statistics and FedGov.
Just ignore the high gas prices and runaway inflation. This is the worst economy since 2008 for the housing industry.
Gee, I guess I was just imagining how my standard of living has been declining since COVID.
The government lies about inflation.
The true rate of inflation right now is at least 12% and it will go higher next year. We are already seeing demand destruction as people max out their credit cards and cutdown their purchases of goods and services. Unit volumes are decreasing but since those units cost 40%-100% more than previously it creates the illusion of increasing sales.
Government spending is about double what government collects in taxes. The rest is financed by inflating the currency through borrowing. That translates to rising prices with a lag time of 6 to 12 months.
The only wage earners who can possibly stay ahead of the wave are government employees who can vote themselves pay increases. This is a liquidation economy.
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