Yes, but it could get much MUCH worse. Massive commercial real estate unrealized losses. Inflation is bad no matter what they say. It may not work, but BRICS is trying hard to get away from the dollar. Consumer demand is falling. Nobody can afford a house. 35 trillion in debt, and adding a trillion every hundred days. It was 3 trillion in 1998 when we outspent the USSR.
I think something worse than 2008 is about to hit. I would love to be wrong.
Yeah, there’s larger issues at play than the dems sad attempts at hanging onto power. Something has to be done about the national debt.
Probably. The current economic problems are likely just setting the stage for worse future ones. I think the economy has been under almost constant stimulus since 911.
Also, consumer credit card debt is close to being maxed out; stores are closing, with Walgreens announcing many closures are coming; layoffs are rising and first-time unemployment filings are growing.
Employment is being artificially being held up by massive government hiring.
The S&P 500 is being propped up by five stocks; the rest of the S&P 500 is barely showing growth.
The Federal Reserve is not cutting rates, so banks with long-term bonds are going to get squeezed soon.
Something is going to break soon. I'm not sure what the trigger will be. Probably a spike in unemployment along with inflation slowly creeping back up.
-PJ
They say they’re trying hard to get away from the dollar but they’re actions don’t match their statements.
Nobody can afford a house.
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Yes. I am positioning myself so I can assist my two responsible employed children, who, by the way, have not asked for assistance, to buy houses. Otherwise, I don’t see how it happens for them. First, I wanted them to get through college without debt, which, by the grace of God and a smart grandmother who put 10K in the market for each of them at birth which grew over 18 years to enough for them to attend a reasonable state school, they graduated and got jobs. Now it is up to me to put money in a 529 for my grand child to grow in the same way, then help my children buy houses if I can. Even if it means working into my 80s.