aristocrat Posted January 6 Share Posted January 6 2 1 1 Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted January 6 Share Posted January 6 On 1/5/2024 at 9:52 AM, Tiberius said: Blah blah blah, cry baby How dare he confront you with facts....haha you will eat up anything this current regime tells you to. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 7 Share Posted January 7 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 7 Share Posted January 7 (edited) Commercial and residential real estate dealing with multiple headwinds. Edited January 7 by Tommy Callahan 1 1 1 Link to comment Share on other sites More sharing options...
US Egg Posted January 7 Share Posted January 7 Another indicator of Joes "soaring" economy: 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 8 Share Posted January 8 1 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted January 8 Share Posted January 8 19 hours ago, I am the egg man said: Another indicator of Joes "soaring" economy: Last year: Isn't it about time we stopped all those special COVID payments, eviction moratoriums, student loan forbearance, etc? This year: Hey, look, bankruptcy filings are up! It must be Biden's fault!! 1 Link to comment Share on other sites More sharing options...
US Egg Posted January 8 Share Posted January 8 6 minutes ago, The Frankish Reich said: Last year: Isn't it about time we stopped all those special COVID payments, eviction moratoriums, student loan forbearance, etc? This year: Hey, look, bankruptcy filings are up! It must be Biden's fault!! You forgot higher interest rates due to skyrocketing inflation since 2022, now the highest since 1983. https://www.cnbc.com/select/interest-rates-rising-saving-more-appealing-debt-more-harmful/ “The Fed has repeatedly raised rates this year in an effort to corral rampant inflation that has reached 40-year highs.” “Higher interest rates may help curb soaring prices, but it also increases the cost of borrowing which can make everyday financial products more expensive, like mortgages, personal loans and credit cards.” Though, no doubt, Joe deserves a free pass on this as well.👌 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted January 8 Share Posted January 8 25 minutes ago, I am the egg man said: You forgot higher interest rates due to skyrocketing inflation since 2022, now the highest since 1983. https://www.cnbc.com/select/interest-rates-rising-saving-more-appealing-debt-more-harmful/ “The Fed has repeatedly raised rates this year in an effort to corral rampant inflation that has reached 40-year highs.” “Higher interest rates may help curb soaring prices, but it also increases the cost of borrowing which can make everyday financial products more expensive, like mortgages, personal loans and credit cards.” Though, no doubt, Joe deserves a free pass on this as well.👌 I'm not saying Biden "deserves a free pass." I'm saying that this form of argument is not persuasive to any rational person. In other words, urging the Administration to cut off the flow of public benefits, and then decrying the resulting rise in bankruptcies. Link to comment Share on other sites More sharing options...
Irv Posted January 8 Share Posted January 8 What a mess. 1 Link to comment Share on other sites More sharing options...
US Egg Posted January 8 Share Posted January 8 17 minutes ago, The Frankish Reich said: I'm saying that this form of argument is not persuasive to any rational person. In other words, urging the Administration to cut off the flow of public benefits, and then decrying the resulting rise in bankruptcies. Urging and actually cutting the flow of public benefits don’t go hand in hand. Title 42 has ended to increase benefits for illegals, Medicaid is expanding, the SNAP is growing, all public benefits. Job loss, medical expenses, and escalating mortgage payments are the most common reasons people file for bankruptcy. 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted January 8 Share Posted January 8 2 hours ago, I am the egg man said: Job loss, medical expenses, and escalating mortgage payments are the most common reasons people file for bankruptcy Cite? Medical expenses was Elizabeth Warren's theory, which was subsequently shown to be wrong. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 8 Share Posted January 8 (edited) "special COVID payments, eviction moratoriums, student loan forbearance" All emergency and had end dates. Not means tested, income-based welfare. The bills all have to be paid, just kicking the can adds interest to them, driving up cost. Edited January 8 by Tommy Callahan 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 8 Share Posted January 8 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 30 Share Posted January 30 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 30 Share Posted January 30 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 30 Share Posted January 30 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 31 Share Posted January 31 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted January 31 Share Posted January 31 1 Link to comment Share on other sites More sharing options...
Doc Posted January 31 Share Posted January 31 Not good. Link to comment Share on other sites More sharing options...
John from Riverside Posted January 31 Share Posted January 31 On 1/7/2024 at 8:25 AM, Tommy Callahan said: This is where I take my pension, and what you’re saying is complete horseshit there is nothing wrong with our pensions 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 1 Share Posted February 1 (edited) 16 hours ago, John from Riverside said: This is where I take my pension, and what you’re saying is complete horseshit there is nothing wrong with our pensions It's fact. With sources. Your reply sounds like cognitive dissonance Edited February 1 by Tommy Callahan Link to comment Share on other sites More sharing options...
The Frankish Reich Posted February 1 Share Posted February 1 55 minutes ago, Tommy Callahan said: It's fact. With sources. Your reply sounds like cognitive dissidence Lots of Cognitive Dissidents here. 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 1 Share Posted February 1 Due to it's reserves being mostly real estate..... Link to comment Share on other sites More sharing options...
The Frankish Reich Posted February 1 Share Posted February 1 3 minutes ago, Tommy Callahan said: Due to it's reserves being mostly real estate..... To everyone who's been calling for deflation - this is what deflation does. I've been saying for a long time that commercial real estate will lead the next financial crisis. And still, where I live, I see new commercial office space projects being built all over the place. COVID didn't create the flight from the office; circumstances were already ripe for that to happen. It just sped up the inevitable transition. It won't be reversed. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 1 Share Posted February 1 4 minutes ago, The Frankish Reich said: To everyone who's been calling for deflation - this is what deflation does. I've been saying for a long time that commercial real estate will lead the next financial crisis. And still, where I live, I see new commercial office space projects being built all over the place. COVID didn't create the flight from the office; circumstances were already ripe for that to happen. It just sped up the inevitable transition. It won't be reversed. Pick a bubble. I don't disagree but commercial real estate is only one of them. Remember an old saying about People love deflation. Government and corporations hate it. And vice versa Link to comment Share on other sites More sharing options...
John from Riverside Posted February 1 Share Posted February 1 1 hour ago, Tommy Callahan said: It's fact. With sources. Your reply sounds like cognitive dissonance Hello dummy As it affects me personally, I follow it you’re full of ***** 1 Link to comment Share on other sites More sharing options...
sherpa Posted February 1 Share Posted February 1 29 minutes ago, The Frankish Reich said: To everyone who's been calling for deflation - this is what deflation does. Who has been "calling for deflation"? Deflation is really dangerous and undesirable. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted February 1 Share Posted February 1 1 minute ago, sherpa said: Who has been "calling for deflation"? Deflation is really dangerous and undesirable. There's a number of posters here who mocked Janet Yellen for saying "don't expect prices to fall." 1 Link to comment Share on other sites More sharing options...
sherpa Posted February 1 Share Posted February 1 28 minutes ago, The Frankish Reich said: There's a number of posters here who mocked Janet Yellen for saying "don't expect prices to fall." No biggy. I just have not seen anyone calling for deflation. Inflation at levels above 3-4% is a problem. Deflation is a major problem. 1 1 Link to comment Share on other sites More sharing options...
Westside Posted February 1 Share Posted February 1 2 hours ago, Tommy Callahan said: It's fact. With sources. Your reply sounds like cognitive dissonance He doesn't know what that means! They don't talk like that in the trailer parks. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 1 Share Posted February 1 And on top of that our national debt per person is now over 92k per. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 1 Share Posted February 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 2 Share Posted February 2 Link to comment Share on other sites More sharing options...
Tiberius Posted February 2 Share Posted February 2 https://www.cnbc.com/2024/02/02/us-economy-added-353000-jobs-in-january-much-better-than-expected.html Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth. Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%. Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 2 Share Posted February 2 (edited) They will quietly revise them down like the months past. Edited February 2 by Tommy Callahan 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 2 Share Posted February 2 American economy is humming along! Biden's leadership gives the markets confidence 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted February 2 Share Posted February 2 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 2 Share Posted February 2 Jobs, jobs, jobs!!! Bidenonomics, working great! USA leads world in oil production Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted February 2 Share Posted February 2 1 minute ago, Tommy Callahan said: That's the danger here for the administration, They're telling us, whether the numbers are reflective of actual conditions or fake. the economy is humming along in great shape but its not translating to good times for the working person that has work multiple jobs, tap savings, and assume debt just to make ends meet. So the Fed holds off on rate cuts because of the job market numbers. Expect no rate cut in March. My expectation is the straw that breaks the Camel's back is going to be stress in Commercial Real Estate (it was housing last time, are we seeing a pattern yet?) which has been brewing below the surface for about a year now that erupts into a banking crisis which forces the Fed to once again move in to rescue the banks from loan defaults, lower property values, bankruptcies, and high vacancy rates. 1 Link to comment Share on other sites More sharing options...
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