Jump to content

Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


Recommended Posts

Home "correction" ......er crash....

 

 

The home price correction is spreading

 

Pressurized. That might be the best word to describe the current U.S. housing market. Record home price appreciation—up 43% during the pandemic—coupled with 6% mortgage rates are sidelining millions of potential homebuyers. The combination puts debt-to-income ratios for new buyers on par with levels hit during the peak of the housing bubble.

 

That affordability crunch has already pushed the U.S. housing market into a housing downturn. Home sales are tanking. Homebuilders are calling off projects. And real estate firms are turning to layoffs.

 

https://fortune.com/2022/09/20/home-price-correction-spreads-this-interactive-map-shows-if-your-local-housing-market-is-impacted/

 

 

 

Hope it was worth it

 

This is a decade plus disaster 

  • Like (+1) 1
  • Thank you (+1) 1
Link to comment
Share on other sites

10 hours ago, Big Blitz said:

Hope it was all worth it.

 

Special place in hell for the people that let China (still not held responsible and still locking people down) destroy the planet because Trump bad.

 

 

 

Economic catastrophe is coming.  

 

Of course this has to do with increasing rates.  The number one tool in the inflation beating toolbox is rate increases.  It's the price to pay to get inflation in check.   It's enemy #1 regarding our economy now and it has to be brought back to historical norms.   Home prices have already begun to drop due to these rate increases and I imagine you will see dramatic drops in home prices over the next 12 months or so.  And that is not a bad thing.  

Link to comment
Share on other sites

"Inflation behind us".......hahaha..........

 

.....party in charge of the purse and Flu Lockdown not to blame nope.......

 

 

 

Everything he says here is a lie.  I hope fighting the flu was worth it!

 

 

Powell Signals More Pain to Come With Rates Heading Higher

 

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

 

“We have got to get inflation behind us. I wish there were a painless way to do that. There isn’t,” Powell told a press conference in Washington on Wednesday after officials lifted the target for the benchmark federal funds rate to a range of 3% to 3.25%. 

 

https://www.bloomberg.com/news/articles/2022-09-21/fed-delivers-third-straight-big-hike-sees-more-increases-ahead

 

 

 

Struggling to "contain" it.......lol its like Tyreek Hill!

 

 

Screenshot_20220921_140934.jpg

 

 

Clowns on CNBC right now...

 

"I think you're seeing the word 'pain' a lot because yes for the "greater good" this is a necessary measure....."

 

 

Legit said this.  

 

Vote Blue everyone!!   We need more!!

Edited by Big Blitz
Link to comment
Share on other sites

Crush...the economy, more like it.  And we're still a week-and-a-half away from OPEC cutting production.  Meanwhile we're criminally depleting our SPR to cover for an incompetent and corrupt Admin's disastrous policies because there's an election coming up.

  • Like (+1) 1
  • Agree 1
Link to comment
Share on other sites

8 minutes ago, Doc said:

Crush...the economy, more like it.  And we're still a week-and-a-half away from OPEC cutting production.  Meanwhile we're criminally depleting our SPR to cover for an incompetent and corrupt Admin's disastrous policies because there's an election coming up.

 

 

Twitter is fake trending "BlueIn22" and "TrumpCrimeFamily" at number 1 and 2 right above FOMC

Edited by Big Blitz
  • Thank you (+1) 1
Link to comment
Share on other sites

Time to stop saying "Inflation."

 

 

This IS THE ECONOMY.  Your self inflicted covid economy.

 

I'm honestly sick of hearing "Inflation."  

 

Like it's an entity that dag gone it just showed up outta nowhere and has decimated us - who knee?

 

They all knew.  They all knew what the fallout would be and didn't care because they knew enough of you - and most importantly every corporate and media entity - would fall for it all.

 

 

Let this sink in as you stare at your monthly budgets.  

  • Like (+1) 1
  • Thank you (+1) 1
Link to comment
Share on other sites

 

 

THE FED RAISES INTEREST RATES BY 0.75%;

The Propaganda Media Pretends It’s The Fed That’s Choking the Economy, Rather Than Biden’s Toxic Profligacy That Forced The Fed to Impose Higher Interest Rates.

 

 

The Fed raised interest rates by 0.75% again. This is the third time they’ve raised it by three quarters of a point.

 

The Dow fell 522 points by the close.

 

The Atlanta Fednow tracker for GDP projection has reduced its forecast for the third quarter to almost zero — 0.3%.

 

They’re trying to avoid the psychological shock of a full one point hike.

 

The media is offering headlines suggesting it’s the Fed who is “taking the economy off the side of a cliff.”

 

No, it was Joe Biden and the Democrat Congress who did that. They caused this runaway inflation. When you set a fire, the next thing that happens is that the fire department comes to put it out — and you can’t complain when they spray water everywhere and ruin all your furniture by soaking it.

 

But that’s how the media is playing it. It’s The Fed’s fault!

 

 

 

https://ace.mu.nu/archives/401054.php

 

 

 

  • Agree 1
Link to comment
Share on other sites

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

 

Higher mortgage rates are throwing a bucket of ice-water on the super-heated housing market. Home prices in August were down about 6% from their peak in June, the biggest 2-month drop in prices in nearly a decade. The pace of home sales slowed for the 7th straight month.

 

"The housing market certainly reacts to the monetary policy change," says Lawrence Yun, the chief economist for the National Association of Realtors which just released the new existing home sales numbers.

 

https://www.npr.org/2022/09/21/1124272098/home-prices-see-biggest-drop-in-9-years-thanks-to-higher-mortgage-rates

 

 

 

 

 

 

Thanks higher mortgage rates...

 

This is no one's fault....it just is an unfortunate development for you and everyone that was hoping to sell around this time - or in the next decade. .

  • Like (+1) 1
Link to comment
Share on other sites

13 minutes ago, Big Blitz said:

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

 

Higher mortgage rates are throwing a bucket of ice-water on the super-heated housing market. Home prices in August were down about 6% from their peak in June, the biggest 2-month drop in prices in nearly a decade. The pace of home sales slowed for the 7th straight month.

 

"The housing market certainly reacts to the monetary policy change," says Lawrence Yun, the chief economist for the National Association of Realtors which just released the new existing home sales numbers.

 

https://www.npr.org/2022/09/21/1124272098/home-prices-see-biggest-drop-in-9-years-thanks-to-higher-mortgage-rates

 

 

 

 

 

 

Thanks higher mortgage rates...

 

This is no one's fault....it just is an unfortunate development for you and everyone that was hoping to sell around this time - or in the next decade. .

 

Sure it is: it's Joke's fault.  That's what we hear when something bad happens under a Repub President.  Now the show is on the other foot.

  • Like (+1) 2
Link to comment
Share on other sites

7 minutes ago, B-Man said:

 

 

It sounds like this isn't a guy that Biden would listen to he makes way to much sense but as we can see they just keep passing spending bill after spending bill & printing more money to help others and it just can't last !!

 

But that's what happens when you have the blind leading the blind just ask Tibs or BT they'll tell you how good they're doing .

  • Like (+1) 1
Link to comment
Share on other sites

10 minutes ago, T master said:

 

It sounds like this isn't a guy that Biden would listen to he makes way to much sense but as we can see they just keep passing spending bill after spending bill & printing more money to help others and it just can't last !!

 

But that's what happens when you have the blind leading the blind just ask Tibs or BT they'll tell you how good they're doing .

 

 

True.

 

By the way BillStime's correct initials are not "BT",  but "B.S."

 

.

  • Like (+1) 1
  • Eyeroll 1
Link to comment
Share on other sites

 

 

ED MORRISSEY: Biden’s economic victory lap keeps getting interrupted by reality, or something.

 

It’s tough to tell which party is more clueless in this construct. Is it the White House and Joe Biden, who threw a “Mission Accomplished” celebration of the so-called Inflation Reduction Act on the same day as the CPI report that showed inflation still clocking in above 8%?

 

Or is it Politico, the news organization that wonders why people won’t let Biden have his victory lap while they struggle with five quarters of erosion in real disposable personal income?

 

 

Answer: Both.

 

 

 

https://hotair.com/ed-morrissey/2022/09/26/politico-bidens-economic-victory-lap-keeps-getting-interrupted-by-reality-or-something-n499000

 

 

Link to comment
Share on other sites

×
×
  • Create New...