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


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4 hours ago, Tommy Callahan said:

its just the beginning. 2024 is going to suck for anyone outside the top quintile.

 

 


 

That’s how it’s going to be the next 10 plus years.  
 

Of course, we told everyone this during their sham Black Swan event part I in 2020.   

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53 minutes ago, Tommy Callahan said:

Tip at subway?

 

Not only are prices out of control. but tipping for fast food?

 

Tipping is getting out of control.  My (84) year old mother took Amtrak home and got a coffee.  The guy told her $2.50 when she asked the price, but when he handed it to her, he said $3.50.  The guy added a $1 tip on his own.

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Trouble is coming.

 


Americans’ total credit card balance is $1.079 trillion in the third quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York.

 

 

That’s up from a record $1.031 trillion in the second quarter of 2023, leaving the balance the highest since the New York Fed began tracking in 1999.

 

https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/

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UNEXPECTEDLY:  

 

Consumer prices rose 0.3% in December, higher than expected.

 

KEY POINTS

The consumer price index increased 0.3% in December and 3.4% from a year ago, compared with respective estimates of 0.2% and 3.2%
 

https://www.cnbc.com/2024/01/11/cpi-inflation-report-december-2023-consumer-prices-rose-0point3percent-in-december-higher-than-expected-pushing-the-annual-rate-to-3point4percent.html

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When the banks start cutting jobs you know trouble is coming.....

 

Citigroup sees headcount dropping 20,000 by 2026

 

"Citigroup's (C.N) Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly 20,000 by 2026.

The third-largest U.S. bank reported a $1.8 billion loss for the fourth quarter on charges related to refilling a government deposit insurance fund and other one-off costs."

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On 1/2/2024 at 2:49 PM, B-Man said:

 

Trouble is coming.

 


Americans’ total credit card balance is $1.079 trillion in the third quarter of 2023, according to the latest consumer debt data from the Federal Reserve Bank of New York.

 

 

That’s up from a record $1.031 trillion in the second quarter of 2023, leaving the balance the highest since the New York Fed began tracking in 1999.

 

https://www.lendingtree.com/credit-cards/credit-card-debt-statistics/

 

I would not be too concerned about this.  Biden and his buddies will "forgive" their debt.  What a mess.  

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On 1/4/2024 at 8:35 AM, Tommy Callahan said:

Gonna feal this. 

 

 

Biden and his buddies' foreign policy failures at it again.  First, they fund Iran and their buddies to train and deploy terrorists, then he wonders why shipping is ***** up.   What a mess.  

 

 

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Gas Giant Shell Pulls Tankers from Red
Sea Passage amid Houthi Rocket Attacks

by Ari Blaff 

 

The oil company Shell plans to suspend tanker shipments through the Red Sea as repeated Houthi attacks on cargo ships have destabilized the vital transit route. The Iranian-backed Houthi militia began striking shipping containers following the Hamas invasion of Israel in early October as a means of putting pressure on the international coalition supporting the Jewish State in its ongoing war in the Gaza Strip. Shell’s move, first reported by the Wall Street Journal, brings the gas giant in line with other major suppliers, including British Petroleum (BP) and Qatar Energy, which both recently opted to avoid the region altogether. About 12 percent of the world’s oil, crude and refined

 

https://www.nationalreview.com/news/gas-giant-shell-pulls-tankers-from-red-sea-passage-amid-houthi-rocket-attacks/

 

.

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4 hours ago, BillsFanNC said:

 

That may all be true, but with proper coupon clipping and bargain hunting, he should’ve been able to feed his family at Thanksgiving for 6 to 7 bucks a head. Dude needs to stop whining.

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