AlBUNDY4TDS Posted September 17 Posted September 17 3 minutes ago, Joe Ferguson forever said: He knows his customers and he's worried. only 20% of Americans make $100k or more. This and the credit score slump (lower income people without credit) will lead to decreased demand for goods and services further slowing the economy. Not good at all. What's the reason for the credit slump? People living beyond their means? But but but trump. The stock market is up so we're good right? 1
Joe Ferguson forever Posted September 17 Posted September 17 6 minutes ago, Yobogoya! said: The car loans are a result of the 2021-2022 shortages and automobile price hikes. I know there's some mental gymnastics that would allow you to pin that on Trump, but those were Biden years. bs. people are still buying cars with 7 year loans. if you need a 7 year loan, you can't afford the car. And now they appropriately won't be able to get the credit. Shortages would lead to less loans not more. And what percentage increase on average was there on cars in 2021 and 2022? I doubt 2024-25 models are cheaper than 2022. 1
Yobogoya! Posted September 17 Posted September 17 Just now, Joe Ferguson forever said: bs. people are still buying cars with 7 year loans. if you need a 7 year loan, you can't afford the car. And now they appropriately won't be able to get the credit. Shortages would lead to less loans not more. And what percentage increase on average was there on cars in 2021 and 2022? I doubt 2024-25 models are cheaper than 2022. The 2021-2022 boom saw an increase of about $5000 on used cars. Beaters that people used to be able to buy for $5000 were selling for $10,000 To say nothing of the multiple Fed rate hikes. I work in auto industry and the number of people I see who are $10,000-20,000 upside down in their auto loans is like nothing before. This is cuz people were buying older, high mileage vehicles at a premium with inflated rates. Their payments have done nothing to pay down the principle balances they owe. And again, there's a lot of factors that went into that but none of them have anything to do with Donald Trump. Sorry it doesn't fit your narrative, bruh. 1 1
Joe Ferguson forever Posted September 17 Posted September 17 Just now, AlBUNDY4TDS said: What's the reason for the credit slump? People living beyond their means? But but but trump. The stock market is up so we're good right? people spending beyond their means is not new. Getting into credit trouble by not being able to keep up with payments is record breaking. This suggests a weakening economy. The mcdonald's CEO is correct that most people with sizable investments in the stock market are earners over $100k. They're good.
Joe Ferguson forever Posted September 17 Posted September 17 7 minutes ago, Yobogoya! said: The 2021-2022 boom saw an increase of about $5000 on used cars. Beaters that people used to be able to buy for $5000 were selling for $10,000 To say nothing of the multiple Fed rate hikes. I work in auto industry and the number of people I see who are $10,000-20,000 upside down in their auto loans is like nothing before. This is cuz people were buying older, high mileage vehicles at a premium with inflated rates. Their payments have done nothing to pay down the principle balances they owe. And again, there's a lot of factors that went into that but none of them have anything to do with Donald Trump. Sorry it doesn't fit your narrative, bruh. then you should be aware of this graph https://www.cargurus.com/research/price-trends?entityIds=Index&startDate=1609477200000&endDate=1758167999999 plug 1/1/2021 into the program. prices went up in 2021 and stayed there but they nowhere near doubled at any point. your example is bs. 1
Trump_is_Mentally_fit Posted September 17 Author Posted September 17 Love how the ignorant MAGA-bots chime in with ignorance
AlBUNDY4TDS Posted September 17 Posted September 17 8 minutes ago, Joe Ferguson forever said: people spending beyond their means is not new. Getting into credit trouble by not being able to keep up with payments is record breaking. This suggests a weakening economy. The mcdonald's CEO is correct that most people with sizable investments in the stock market are earners over $100k. They're good. My stocks are up, how is the economy bad? Isn't this how this works? It did under Biden according to you. 1 minute ago, Trump_is_Mentally_fit said: Love how the ignorant MAGA-bots chime in with ignorance What would you call this post? Lmao
Yobogoya! Posted September 17 Posted September 17 4 minutes ago, Joe Ferguson forever said: then you should be aware of this graph https://www.cargurus.com/research/price-trends?entityIds=Index&startDate=1609477200000&endDate=1758167999999 plug 1/1/2021 into the program. prices went up in 2021 and stayed there but they nowhere near doubled at any point. your example is bs. Did you read your own graph? That shows a price hike of $10,000 at its peak. I said prices went up $5k. I never said they “doubled”- but your graph shows an even steeper price hike at its peak than even I thought. So thanks for proving my point, lol. 1
Joe Ferguson forever Posted September 17 Posted September 17 (edited) 9 minutes ago, Yobogoya! said: Did you read your own graph? That shows a price hike of $10,000 at its peak. I said prices went up $5k. I never said they “doubled”- but your graph shows an even steeper price hike at its peak than even I thought. So thanks for proving my point, lol. " Beaters that people used to be able to buy for $5000 were selling for $10,000" at it's highest, the prices increased 50% in that time period. your example was 100%. So you were off by a factor of 2 even for the very short period of time that was true. It' not my graph. It's from Car gurus Edited September 17 by Joe Ferguson forever
Yobogoya! Posted September 17 Posted September 17 4 minutes ago, Joe Ferguson forever said: " Beaters that people used to be able to buy for $5000 were selling for $10,000" at it's highest, the prices increased 50% in that time period. your example was 100%. So you were off by a factor of 2 even for the very short period of time that was true. It' not my graph. It's from Car gurus The graph in that link shows median used car prices over the five year time span. The average used car price went up $10k during that initial boom. Now that’s an average. You’d have to break down by year, make model and average mileage to have a specific discussion about individual unit types. But my generalization that $5k cars rose in price and became $10k cars isn’t contradicted by your data. If anything, it means $5k cars actually became $15k cars- an even bigger price jump. Not sure you’re intent to die on this hill. Just take the loss and move on, dude.
4th&long Posted September 17 Posted September 17 Trump Approval Rating: Dips Below 40% In Latest Survey https://flip.it/GuBp-2 Aw this is such a shame. Who didn't see this coming??
Joe Ferguson forever Posted September 17 Posted September 17 2 hours ago, Yobogoya! said: 2 hours ago, Yobogoya! said: The graph in that link shows median used car prices over the five year time span. The average used car price went up $10k during that initial boom. Now that’s an average. You’d have to break down by year, make model and average mileage to have a specific discussion about individual unit types. But my generalization that $5k cars rose in price and became $10k cars isn’t contradicted by your data. If anything, it means $5k cars actually became $15k cars- an even bigger price jump. Not sure you’re intent to die on this hill. Just take the loss and move on, dude. the graph shows the median used car price at a low of 22k and a high of 31k. That's a bit less than a 40% increase. for easier math, lets say it actually increased more - 50%. if a 5k car appreciated 50% in that period it would be worth 7.5k on the market. 7.2k on 40% appreciation.
Trump_is_Mentally_fit Posted September 17 Author Posted September 17 2 hours ago, Joe Ferguson forever said: the graph shows the median used car price at a low of 22k and a high of 31k. That's a bit less than a 40% increase. for easier math, lets say it actually increased more - 50%. if a 5k car appreciated 50% in that period it would be worth 7.5k on the market. 7.2k on 40% appreciation.
All_Pro_Bills Posted September 18 Posted September 18 The Fed cut rates 25 points yesterday and communicated 2 more cuts in 2025. 25 points each and perhaps 50 points each. A deep recession and the stagflation scenario are no longer in play. When Powell's term expires next May the floodgates on lower rates and money supply will open. Conveniently all into the 2026 mid-terms. 1 1
Joe Ferguson forever Posted Monday at 09:00 PM Posted Monday at 09:00 PM (edited) On 9/18/2025 at 6:18 AM, All_Pro_Bills said: The Fed cut rates 25 points yesterday and communicated 2 more cuts in 2025. 25 points each and perhaps 50 points each. A deep recession and the stagflation scenario are no longer in play. When Powell's term expires next May the floodgates on lower rates and money supply will open. Conveniently all into the 2026 mid-terms. And inflation increases. No such thing as a free lunch. https://www.kansascityfed.org/research/economic-review/do-the-effects-of-interest-rate-changes-depend-on-inflation/ Edited Monday at 09:17 PM by Joe Ferguson forever 1
Andy1 Posted Monday at 09:42 PM Posted Monday at 09:42 PM So all these anti communist farmers now want government money from the pockets of Americans to bail them out for the policies they voted for. 1
Homelander Posted Monday at 09:50 PM Posted Monday at 09:50 PM 6 minutes ago, Andy1 said: So all these anti communist farmers now want government money from the pockets of Americans to bail them out for the policies they voted for. The only time Republicans embrace socialism is when they need taxpayer bailouts to patch up the mess from their own horrific policies. But don’t you dare expect them to toss a crumb to the little guy. 1
All_Pro_Bills Posted Monday at 11:19 PM Posted Monday at 11:19 PM 1 hour ago, Homelander said: The only time Republicans embrace socialism is when they need taxpayer bailouts to patch up the mess from their own horrific policies. But don’t you dare expect them to toss a crumb to the little guy. There are no real socialists. Socialist want to control the means of production. The American version just want to redistribute and control the benefits or profits to buy votes.
Joe Ferguson forever Posted Monday at 11:24 PM Posted Monday at 11:24 PM 2 minutes ago, All_Pro_Bills said: There are no real socialists. Socialist want to control the means of production. The American version just want to redistribute and control the benefits or profits to buy votes. No. Most of us want a safety net for the poor Medicaid, Medicare, food stamps, public housing. The bare necessities for those in real need.
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