4.9% GDP Growth

[John from Riverside]

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

[Tommy Callahan]

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, 2024 by Tommy Callahan

[The Frankish Reich]

55 minutes ago, Tommy Callahan said:

It's fact.  With sources.  Your reply sounds like cognitive dissidence 

Lots of Cognitive Dissidents here.

[Tommy Callahan]

Due to it's reserves being mostly real estate.....

 

 

 

[The Frankish Reich]

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.

[Tommy Callahan]

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 

 

 

[John from Riverside]

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 *****

[sherpa]

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.

[The Frankish Reich]

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."

[sherpa]

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.

[Westside]

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.

[Tommy Callahan]

 

 

And on top of that our national debt per person is now over 92k per.  

[Tommy Callahan]

 

[Tommy Callahan]

 

[Tiberius]

 

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.

[Tommy Callahan]

They will quietly revise them down like the months past.  

Edited February 2, 2024 by Tommy Callahan

[Tiberius]

American economy is humming along! Biden's leadership gives the markets confidence 

[Tommy Callahan]

 

[Tiberius]

Jobs, jobs, jobs!!! 

 

Bidenonomics, working great! 

 

USA leads world in oil production

[All_Pro_Bills]

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.