Recession needs to happen. Only way to undo inflation. Rebalance and make the dollar stronger. The dollar is headed the way of the peso if we keep going in this direction. Painful but necessary.
Well, our Poor
- Thread starter ElectricalCock89
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Yes, if inflation is out of control. But the latest report has inflation at an annual rate of 2.7%. That is reasonable.
I recall doing budgets for my organization in the early 1980s when we took the approach of expecting 5% inflation.
The Dollar was at 72 in 2008. It is at 109 today.
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That does nothing for the +40% we’re up over the last 4 years. Only way to erase and reset is a solid recession. We may even need a depression to correct this mess. No way housing and food prices are sustainable where we are today.
Wages have outpaced inflation over the past couple of years. Should wages come down to? I agree with Trump in that it's hard to get prices down to those levels once they are up.
BTW, I am worried that we may end up with a depression. I THINK Trump is too.
Look it’s time for a HARD reset. You can’t just keep adding to the inflationary problem. It’s time to pay the piper. Nobody wants to pay $50 for aMcDonald's value meal. 500k for a 89k starter home. The inflation Avalanche has overtaken us. No easy way out.
This is a Carbon copy of the years after Carter put us in the ditch. A similar response is required
If inflation was at 9% or so as it was 2 1/2 years ago and wages had not been going up, I might agree with you. But that's not the case right now.
I'd love for prices to go back down to what they were in 1977. But I'd prefer for my income to not.
When a 89k starter home in 2020 is now 350k its definitely time. Wages are nowhere close to supporting this. Not to mention the bs insurance, property tax and interest rate increases, add food prices to that and its over. The average family has been decimated. The dam is about to break. It’s coming ready or not.
Wages have been going up and inflation's rate is reasonable today. But I agree with you that it's (recession) coming.
I think the difference in our views are real world vs stock market. You deal with the market pretty exclusively where I deal with mainly real estate. Im seeing what’s happening with families losing homes and farms monthly. Tax sales/foreclosures have exploded over the last couple of years. Black rock is a big part of the problem as well with the real estate markets but thats a whole other conversation.
Yep…. Those who lived through those years recognize it all happening again. I’ve stopped eating out all together. I spent very little on Christmas and I’m not spending money on anything now that Christmas is over. Biden’s idiotic spending on Ukraine and illegal aliens have resulted in my belt-tightening.
Wage increases contribute to inflation. Dems will lie to you and claim it doesn't, but anybody with a lick of common sense knows it does.
Beyond ridiculous. LA on fire, and crews from other states have to go thru some long inspection process in Sacramento 400 MILES AWAY before they can go to LA to help.
But they voted for this stupidity. Now they will suffer the consequences. And, of course, everyone will pay for it. Doubt anything changes, because I've never seen a "progressive" admit they were wrong, and making changes would be an admission that they were wrong.
But they voted for this stupidity. Now they will suffer the consequences. And, of course, everyone will pay for it. Doubt anything changes, because I've never seen a "progressive" admit they were wrong, and making changes would be an admission that they were wrong.
Looks like the Dems hold on the WaPo has loosened. The Green scam is over.
I don't disagree with you entirely there. There are, and usually will be, pockets of the economy that do much better than others, in the real world. To quote Jim Cramer: "There's always a bull market somewhere". I have done well in the stock market. My experience with real estate was when we sold my late mother's homes( one of them being a day care for which we received rent) a few years ago. We got a fair price for them. We are trying to sell her real estate that's on an island on the Aegean Sea with a nice view of that sea. No takers, yet. We think we will be ashes in the ground before that property is sold. LOL C'est la vie. I think we definitely will have a recession. My fear is that we could have depression-like conditions. Yes, that would bring prices down (but I really do agree with Trump who now doubts prices can come down to 2020 levels). We had the worst recession since the Great Depression in 1981-82 (unemployment went over 10% for the first time since the Great Depression). Did prices deflate? Well, they fell. But they did not go below, much less remain, negative. Inflation went from double digits to an annual rate of 3.2% (today, it's at 2.7%) A recession nor a depression won't impact me. I can't say the same for family and friends. I remember when I finished my course work for a Masters degree at USC in 1976. After finishing my course work in August of that year, I studied for my comprehensive exam to take in December. At the same time, I looked for a job. It was hard to find a job back then. I did not find a job until March of 1977. I remember to this day my thoughts back then. I remember saying that I could care less about inflation. I wanted and needed a job. In the future, I hope things work out for all.
It's coming, I think we all see it. How much you want to bet it's blamed on some move Trump makes IF it happens in the next 4 years.
Heck, it'll be blamed on him by whoever follows him of it happens then too.
Where did I say they don't? I said wages have been outpacing inflation for awhile, not in the beginning, but for nearly the past 2 years.
That's typical. Whoever is in power, is going to get the blame. The supply chain was shredded due to our mismanagement of covid (4% of the world's population but 20% of the world's deaths related to covid) that got us on the road to inflation (which actually started in 2020 with the rise in lumber prices). But Biden got the blame. That's the nature of the beast.
I doubt any of the numbers that have come out of this administration. They can't even get the new job created numbers or the crime statistics correct, so I have no confidence that their wage vs inflation is anywhere close to correct. Obviously, voters didn't believe it either.
And notice, all the numbers they get wrong are always to the benefit of the administration. Always made things look better than they were. Yeah, don't believe anything they say.
Stock - Biden shut down America over COVID to invoke more fear and vaccine compliance.
That's what happened and he's to blame.
If you keeping up with the COVID Chronicles, Trump and his staff were recommending the proper therapy and Fauci & Co. were blocking that information because they wanted to sell their experimental product.
100% of the blame is directly on Joe Biden, Tony Fauci, Big Pharma, and all of the other criminals involved in the operation.
Biden will pardon Fauci because otherwise Fauci is going to jail and Biden can't have him sing.
It's that simple.
There have been revisions going back as long as I can remember. Neither side is going to believe the other side's numbers. They never do. And you know as well as I do that voters make their decisions on a variety of issues.
Facts. Government numbers are a waste of time today but not just the numbers. Any government information today is fully discredited. Cdc, doj, doe, cia, etc………
You really need to look into what you're talking about.
Yes. There's been revisions before -- but nothing like what the Biden Administration was doing.
They were broadcasting these great numbers for TV purposes and then the revisions happened months later without a word.
They are criminals.
We will again agree to disagree. The numbers I quoted (4% of the world's population and 20% of the world's covid-related deaths happened during the Trump administration) speak for themselves.
Those numbers are false. That was the final numbers of COVID Deaths after several years.
Trump endured the 1st year of the virus.
Please check all viruses throughout history and see when the largest deaths occurred.
Also, hospital were tagging deaths as COVID deaths for the $8K commission they received.
Also, idiots like Cuomo were shoving these people in nursing homes.
You really need to do your homework.
Fauci and big pharma (one in the same) are responsible for every covid death worldwide. They are also responsible for millions of more deaths related to the extreme side effects
Going by the World Health Organization's numbers back then. So, again, which just disagree.
The ticker is still counting as victims die every day from side effects of the shot
You mean the Bill Gates sponsored criminal organization who arranged the whole thing?
You mean the criminal organization that Trump is immediately getting us out of once he takes office?
You mean the criminal organization that will fall apart once we leave?
Yeah, I'm not sure I would trust those figures.
Can’t wait till the who is gone. Most corrupt and biggest threat the world has ever seen.
The WHO believed that China only had 5,000 covid deaths too when our satellites showed their crematorium suddenly triple in activity, so those numbers aren't to be trust. Not to mention that we counted people that died in motorcycle accidents who happened to have covid as a covid death.
This is legitimately scary that you're blaming the people who tried to stop the spread of the virus, for the virus itself.
Wow.
China lied about their covid number and then corrected with numbers that were still a lie. Even the nutty WaPo reported that.
https://www.washingtonpost.com/opinions/2023/01/16/china-covid-death-toll/
Meanwhile, we incentivized over reporting.
And yes, a death from a motorcycle accident was counted as a covid death.
https://www.fox35orlando.com/news/f...tal-motorcycle-crash-listed-as-covid-19-death
The only reason it was changed is because somebody noticed and called them out. Hospitals were looking to get as much money from covid as possible.
https://www.washingtonpost.com/opinions/2023/01/16/china-covid-death-toll/
Meanwhile, we incentivized over reporting.
And yes, a death from a motorcycle accident was counted as a covid death.
https://www.fox35orlando.com/news/f...tal-motorcycle-crash-listed-as-covid-19-death
The only reason it was changed is because somebody noticed and called them out. Hospitals were looking to get as much money from covid as possible.
You can’t comprehend how scary the truth is teach. Unfortunately you’re about to find out.
You’re education begins Jan 20th
Fauci lied to congress under oath. He’s a serial liar who cannot tell the truth. He’s a monster. Biggest killer the world has ever known.
