President Joe Biden - Kamala Harris Administration

#50,876
#50,876
rekinhavoc said:
www.breitbart.com

Breitbart Business Digest: Leading Economic Indicators See Us on Cusp of Recession Yet Again

By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate.
www.breitbart.com www.breitbart.com
Click to expand...
It's coming. Americans are almost out of extra money to spend, the real estate market is totally whacked right now as far as pricing goes, commercial real estate is already collapsing, corporate earnings are going to slide, Prices for everything are high versus what people are earning, and credit card debt is out of control. Sounds like the perfect ingredients to a $hit sandwich, and we're all gonna have to take a big ole bite.
 
  • Like
Reactions: ButchPlz, Rasputin_Vol, AM64 and 3 others
#50,877
#50,877
norrislakevol said:
It's coming. Americans are almost out of extra money to spend, the real estate market is totally whacked right now as far as pricing goes, commercial real estate is already collapsing, corporate earnings are going to slide, Prices for everything are high versus what people are earning, and credit card debt is out of control. Sounds like the perfect ingredients to a $hit sandwich, and we're all gonna have to take a big ole bite.
Click to expand...
It's coming. Layoffs are happening.
 
  • Like
Reactions: Rasputin_Vol, AM64, TN-POSSUM and 2 others
#50,878
#50,878
norrislakevol said:
It's coming. Americans are almost out of extra money to spend, the real estate market is totally whacked right now as far as pricing goes, commercial real estate is already collapsing, corporate earnings are going to slide, Prices for everything are high versus what people are earning, and credit card debt is out of control. Sounds like the perfect ingredients to a $hit sandwich, and we're all gonna have to take a big ole bite.
Click to expand...
Think it'll be worse then 08??
 
#50,879
#50,879
whodeycin85 said:
Think it'll be worse then 08??
Click to expand...
We are going to enter a Japan like recession IMO. That means little layoffs, bc there is no one to fill the jobs now, but a very long and painful period of zero growth. No growth, inflation always exists, means everyone gradually falls further behind.
 
  • Like
Reactions: EasternVol, Vol since 77, NorthDallas40 and 3 others
#50,880
#50,880
volfanhill said:
We are going to enter a Japan like recession IMO. That means little layoffs, bc there is no one to fill the jobs now, but a very long and painful period of zero growth. No growth, inflation always exists, means everyone gradually falls further behind.
Click to expand...
Think pricing will drop,???or has that ship sailed
 
#50,884
#50,884
  • Like
Reactions: tbwhhs and dovervolz
#50,887
#50,887
norrislakevol said:
It'll be different. More of an earnings recession. See what Volfanhill wrote right below your post. I think that is spot on.
Click to expand...

I'm not sure where Volfanhill was going on oil, but oil is a manipulated commodity that we can't control. OPEC should have been put down in its infancy; it wasn't, and it's in a position to cause real harm to struggling economies. Energy cost is one if not the biggest piece that can make or break an economy (I tend toward the most important piece of the puzzle) ... especially at a time when politicians without a clue are trying to manage energy needs. Falling energy prices are like reducing friction in any mechanical system; raise them enough and the whole process grinds to a halt.

Wars are fought over energy supply and other vital commodities - see Germany and Japan at the start of WW2. Our current crop of fools in DC are the ones putting us in a similar position by ensuring that we are not energy independent. Like it or not, we are dependent on fossil fuels, and that isn't going to change any time soon. What we can't self supply, OPEC can dictate.
 
  • Like
Reactions: StarRaider and tbwhhs
#50,890
#50,890
Orangeburst said:
If the public cannot see the difference then, then so help us. The thing about is, both have a record to run on this time and I don’t buy the BS put forward by the Dems that Trump cannot beat Biden. Issue after issue and Biden gets poor marks.
Click to expand...
If Pedo Joe gets re-elected, this country deserves to become Venezuela. But it doesn’t matter who the Reps run, Big Mike is gonna be the next president. And we will still become Venezuela
 
  • Like
Reactions: tbwhhs
#50,895
#50,895
rekinhavoc said:
www.foxnews.com

Restaurant fires back at NYT columnist after he complained about the cost of his meal: 'Keep drinking buddy'

A restaurant at Newark airport responded on social media after New York Times columnist David Brooks complained about the $78 cost of his meal on Wednesday.
www.foxnews.com www.foxnews.com

Click to expand...

Well look, I'm one of the ones out here that come in here to rant on inflation. But a person running a $66 bar tab and throwing that in on his food bill is disingenuous. That means that the "meal " at Newark Airport came to $12, which relatively speaking, is actually decent. I've seen airport food cost just as much or more at Logan or even BNA. Hell, how much are a burger and fries at 5 Guys?
 
  • Like
Reactions: EasternVol, AM64, rekinhavoc and 1 other person
#50,896
#50,896
Rasputin_Vol said:
Well look, I'm one of the ones out here that come in here to rant on inflation. But a person running a $66 bar tab and throwing that in on his food bill is disingenuous. That means that the "meal " at Newark Airport came to $12, which relatively speaking, is actually decent. I've seen airport food cost just as much or more at Logan or even BNA. Hell, how much are a burger and fries at 5 Guys?
Click to expand...
What do you expect, he works for the NYT.
 
  • Like
Reactions: AM64
#50,897
#50,897
volfanhill said:
We are going to enter a Japan like recession IMO. That means little layoffs, bc there is no one to fill the jobs now, but a very long and painful period of zero growth. No growth, inflation always exists, means everyone gradually falls further behind.
Click to expand...

I either heard or saw somewhere the other day where cumulative inflation is up over 17% since Biden took office.

I don't know if the commentator was putting together data or was quoting an article. I've been trying to find the source without having to gather it through research.
 
#50,898
#50,898
  • Like
Reactions: TN-POSSUM, tbwhhs, SpaceCoastVol and 2 others
#50,900
#50,900

Shocking moment crowd of 100 Migrants Storm Across Rio Grande, leaving Border Control Guards with no choice but to Cut Razor Wire and let them into Eagle Pass after four-hour stand-off in searing 101-degree heat​

  • Eagle Pass, Texas , has been overwhelmed with migrants in recent days, with more than 7,500 flooding into the tiny town on Monday and Tuesday alone
Cheering and holding hands as they wade through waist-deep water, this is the astonishing moment a group of 100 migrants stormed across the Rio Grande.

The crowd surged past Border Patrol boats that were trying to stop them before being allowed through a razor wire thicket on the US side after a standoff that lasted for more than four hours.

1695583638669.png
This is the astonishing moment a group of 100 migrants stormed across the Rio Grande

1695583692849.png
Some of the babies were carried by National Guard and Border Patrol personnel who took the infants from their exhausted mothers as they struggled up the bank

1695583759974.png
Eagle Pass, Texas , has been overwhelmed with migrants in recent days with more than 7,500 flooding into the tiny town of 28,000 people on Monday and Tuesday alone




www.dailymail.co.uk

Shocking moment 100 migrants storm across Rio Grande into Eagle Pass

The 100-strong crowd arrived in Piedras Negras on the Mexican side early on Saturday morning before surging past Border Patrol boats and wading across the Rio Grande to cross into Eagle Pass.
www.dailymail.co.uk www.dailymail.co.uk
 
New posts
You must log in or register to reply here.

VN Store



Back
Top