B-Man Posted May 19, 2023 Share Posted May 19, 2023 More Americans are struggling to make ends meet NOW than in the aftermath of the pandemic – new survey shows nearly 40% of US households can’t pay expenses. Roughly two in five Americans are still struggling to make ends meet, new federal data has shown – more than the amount seen in the aftermath of the Covid-19 pandemic. The revelation comes from the Census Bureau’s latest household survey, released Wednesday, which shows some 38.5 percent of adults – or 89.1 million people – experienced difficulty paying their bills between April 26 and May 8. The number is up from a year ago, when 34.4 percent of Americans reported they were undergoing budget crunches and comes as a near-50 percent increase from the 26.7 percent recorded in 2021. https://www.dailymail.co.uk/news/article-12098669/More-Americans-struggling-make-ends-meet-pandemic-survey-shows.html https://www.census.gov/programs-surveys/household-pulse-survey.htmlThat means the Biden cabal’s economic plan is working. 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted May 20, 2023 Share Posted May 20, 2023 (edited) As bad a trump was it was In fathomable it could be worse…. Biden was gladly worse with a pleasant smile 😀 Edited May 20, 2023 by Over 29 years of fanhood Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted May 20, 2023 Share Posted May 20, 2023 7 hours ago, Over 29 years of fanhood said: As bad a trump was it was In fathomable it could be worse…. Biden was gladly worse with a pleasant smile 😀 Not according to tibs, if we are struggling we just need better jobs! Link to comment Share on other sites More sharing options...
cle23 Posted May 20, 2023 Share Posted May 20, 2023 On 5/16/2023 at 10:14 AM, B-Man said: American Consumer Debt Hits Record Level, Rises Nearly $3 Trillion Since Lockdowns. https://www.dailywire.com/news/american-consumer-debt-hits-record-level-rises-nearly-3-trillion-since-lockdowns . And you're ignoring that a majority of that debt is mortgage debt fueled by low interest rates. Rates are up now, but this lists from the lockdowns. It was more affordable at that point to buy homes than rent, or plenty of people upgraded homes due to the rates. Link to comment Share on other sites More sharing options...
ALF Posted May 20, 2023 Share Posted May 20, 2023 The price gouging that is widespread now is unbelievable 1 1 Link to comment Share on other sites More sharing options...
galept Posted May 20, 2023 Share Posted May 20, 2023 12 minutes ago, ALF said: The price gouging that is widespread now is unbelievable Quite frustrating. These prices are never going down. The hope now is that eventually they stop rising so sharply. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted May 20, 2023 Share Posted May 20, 2023 1 hour ago, ALF said: The price gouging that is widespread now is unbelievable The investment funds that own said corporations want the increased profits year over year. 1 Link to comment Share on other sites More sharing options...
B-Man Posted May 20, 2023 Share Posted May 20, 2023 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted May 24, 2023 Share Posted May 24, 2023 https://www.wsj.com/articles/get-ready-for-deflation-fed-powell-tightening-money-supply-contraction-36ce5530?mod=trending_now_opn_1 Inflation Has Peaked—Get Ready for Deflation Price increases would have eased without the Fed’s tightening, which we will soon see was overkill. - short-term interest rates are high. I shifted heavily to treasuries and laddered CDs. What's not to like about 5% risk-free (that is, if the US Govt doesn't default!) returns? - it is prudent to move some money into long bonds now. If we do go through a deflationary spell, those 3.5% long treasuries will go up in value Income investing is back. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 2, 2023 Share Posted June 2, 2023 I know its Zero hedge. but damn. this isnt good. https://www.zerohedge.com/economics/all-new-us-jobs-covid-crash-have-gone-foreign-born-workers its amazing how the Media is collectively ignoring the collapsing economy and pain at the consumer/middle- and lower-income levels. On 5/24/2023 at 11:32 AM, The Frankish Reich said: https://www.wsj.com/articles/get-ready-for-deflation-fed-powell-tightening-money-supply-contraction-36ce5530?mod=trending_now_opn_1 Inflation Has Peaked—Get Ready for Deflation Price increases would have eased without the Fed’s tightening, which we will soon see was overkill. - short-term interest rates are high. I shifted heavily to treasuries and laddered CDs. What's not to like about 5% risk-free (that is, if the US Govt doesn't default!) returns? - it is prudent to move some money into long bonds now. If we do go through a deflationary spell, those 3.5% long treasuries will go up in value Income investing is back. you mean buying up crap cheap when it goes under. deflation is good for some, horrible for the GDP and revenue. going to be interesting to see what the FED does. damned if they do, damned if they dont. Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 2, 2023 Share Posted June 2, 2023 28 minutes ago, Chris farley said: you mean buying up crap cheap when it goes under. No, I mean shifting heavily toward boring old fixed-income investments like treasuries and CDs of different maturities. Right now a safe 5% return doesn't seem that appealing when inflation has been running at 7-9%. But if there's deflation, suddenly that becomes a fantastic return. https://www.wsj.com/articles/black-swan-debt-ceiling-mark-spitznagel-nassim-nicholas-taleb-18bb38f1?mod=hp_featst_pos4 And ... uh oh. Nassim Taleb and friends are ready for the next market collapse. Ready to make billions of it, that is. My prediction: commercial real estate is a bubble ready (actually, overdue) to burst, and it will carry other sectors down with it. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted June 2, 2023 Share Posted June 2, 2023 20 minutes ago, The Frankish Reich said: No, I mean shifting heavily toward boring old fixed-income investments like treasuries and CDs of different maturities. Right now a safe 5% return doesn't seem that appealing when inflation has been running at 7-9%. But if there's deflation, suddenly that becomes a fantastic return. https://www.wsj.com/articles/black-swan-debt-ceiling-mark-spitznagel-nassim-nicholas-taleb-18bb38f1?mod=hp_featst_pos4 And ... uh oh. Nassim Taleb and friends are ready for the next market collapse. Ready to make billions of it, that is. My prediction: commercial real estate is a bubble ready (actually, overdue) to burst, and it will carry other sectors down with it. No interest in jumping on Ai bandwagon? MSFT, Nvidia etc.? Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 2, 2023 Share Posted June 2, 2023 1 minute ago, Tiberius said: No interest in jumping on Ai bandwagon? MSFT, Nvidia etc.? At my age, I'm very conservative with investments .... I do think this AI thing really is a big deal, but it's for me to watch, not participate in. 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 2, 2023 Share Posted June 2, 2023 Blame Bidenflation: Retailers slashed their sales projections this week Those high prices we pay at the grocery store due to Bidenflation are affecting the bottom line for consumers. Higher grocery prices mean less money available in family budgets for other shopping. Retailers are slashing their sales predictions this week, sounding an alarm that a downturn is here. This affects all consumers, from upper class shoppers at Nordstrom to middle class shoppers at Macy’s to the most budget-minded shoppers at Dollar General stores. https://hotair.com/karen-townsend/2023/06/02/blame-bidenflation-retailers-slashed-their-sales-projections-this-week-n555069 . 1 Link to comment Share on other sites More sharing options...
Orlando Buffalo Posted June 2, 2023 Share Posted June 2, 2023 On 5/20/2023 at 7:04 AM, ALF said: The price gouging that is widespread now is unbelievable Piece gouging by definition can't be "widespread", since it would no longer be gouging. It could be collusion but then you would have to keep all the other people in your business sector from doing what is in their best interest 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 2, 2023 Share Posted June 2, 2023 One possible reason for the massive divergence: the birth death model “added” 231K jobs in March. These are not actual jobs, but merely an assumption by the BLS as to how many new businesses were created and hired workers based on statistical assumptions. Again, these are not actual jobs. [Emphasis added] The less volatile (and manipulated) participation rate came in as expected at 62.6%, unchanged from last month. And another paradox: despite the blowout payrolls number, in May both full-time and part-time workers dropped, by 220K and 23K, respectively. Never believe the headline numbers. Plus this warning from CNBC: 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 4, 2023 Share Posted June 4, 2023 1 Link to comment Share on other sites More sharing options...
Doc Posted June 4, 2023 Share Posted June 4, 2023 I thought everyone knew this? They've been doing this for years. Link to comment Share on other sites More sharing options...
B-Man Posted June 10, 2023 Share Posted June 10, 2023 REMINDER: Remember a couple years ago when Treasury Secretary Janet Yellen and others in the Biden White House assured us that inflation would be “transitory”? Ah, those were the days, and the evolution of the spin was amazing: 1 Link to comment Share on other sites More sharing options...
Doc Posted June 10, 2023 Share Posted June 10, 2023 35 minutes ago, B-Man said: REMINDER: Remember a couple years ago when Treasury Secretary Janet Yellen and others in the Biden White House assured us that inflation would be “transitory”? Ah, those were the days, and the evolution of the spin was amazing: Yeah but supporting genital mutilation of minors and abortion until right after birth... 1 Link to comment Share on other sites More sharing options...
Recommended Posts