Posted on 12/11/2023 12:25:37 PM PST by Hojczyk
“Consumers are facing tighter credit conditions and rising rates, wind-down of Covid-era stimulus and relief programs, declining excess savings and liquidity, and multiple years of above average inflation,” JPMorgan strategists wrote at the time.
If all you do is consume, tough road ahead.
Unless you own your house free of debt it will be tough…..prices will not drop till
Diesel Fuel gets back to around 2 dollars
Still Trump’s fault. /s
Good time to get into the second-hand market.
Surprised the little rats at BI ran that headline. Maybe they are getting close to dumping Traitor Joe. That 17 point Haley lead might have jolted them.
This may not help Republicans that much.
Having abortions, drag queen story hours and gender affirming care is more important to many voters than is the prospect of economic devastation.
Just wait till JPMorgan’s ultimate financial status befalls them.
BI can do math—and apparently they are not afraid of being called “racist” for going there...
;-)
And many will STILL vote Dem.
“JPMorgan’s ultimate financial status befalls them”
They will have lots of warning.
The mid-size regional banks are the first to go—deep into commercial real estate in their markets—dominoes waiting to topple.
.
Elder millenials?
How about right now 😤
“Having abortions, drag queen story hours and gender affirming care is more important to many voters than is the prospect of economic devastation.”
I see it all around me in the blue part of Ohio.
All as intended......
JPMorgan estimated previously that excess savings had peaked in August 2021 at $2.1 trillion, boosted by government stimulus checks. That’s since been whittled down to below $148 billion,
They misspelled Biden
Voters will cry out to the government to DO SOMETHING, and the collectivists will be there with promises.
“prices will not drop till . . . “
Boomers are under the daisies.
They can’t sell, because they can’t buy.
They can’t buy, because others can’t sell, because they can’t buy.
No entry levels to start it up.
5 acre building lot restrictions.
Crapola CONDOs at 5 times median income.
No one wants to take that first loss.
but it’s coming . . .
and when it does, it will happen all at once.
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