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10-04-2022, 09:04 PM
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#481 (permalink) | |
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Account Disabled
Join Date: Jul 2019
Posts: 4,403
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10-04-2022, 09:18 PM
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#482 (permalink) | |
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killedmyraindog
Join Date: Aug 2004
Location: Boston, Massachusetts
Posts: 11,172
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Re: the Recession, I won't pretend I know. But I really think there's a few economies right now. Some markets are overheated, others aren't. Housing is all but crashing, but eggs and milk are surging, while US gas is down $3. The recession should be easy in general. Though if you're in the wrong industry I think you're ****ed. For politics, Biden keeps getting lucky. The GOP might blow a mid-term in which inflation is spiking, and the POTUS is ancient and unloved. Which says as much about them as it does Biden. I don't see any Republican that can both appeal to the base and the nation. Biden will not be bad enough - at this point in time - for anyone to replace him when they GOP freakshow hits fever pitch. A Qanon nut will do something stupid, or a governor is going to be shown as having done blackface, or a school shooting will happen, they won't be prepared, and they'll sink. Obamacare and Abortion. The GOP wanted action for years and when it came time to speak to it, they failed. The Reagan Revolution is out of ideas. That's the assessment from Sept. 2022. |
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10-05-2022, 07:51 AM
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#483 (permalink) |
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Account Disabled
Join Date: Jul 2019
Posts: 4,403
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I think biden beat Trump because of covid. If we are in the midst of a bad recession I expect a similar fate for biden regardless of the opposition. He ran on not being Trump last time. I don't think that line is going to carry you as far when you are the incumbent and **** is on fire.
The UN just said something about the fed and other monetary institutions are dragging us into a global recession with the rate hikes. Things can get quite bad. |
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10-06-2022, 06:18 AM
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#484 (permalink) |
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killedmyraindog
Join Date: Aug 2004
Location: Boston, Massachusetts
Posts: 11,172
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A recession isn't inherently bad. It does t have to be 10% unemployment. It could be 2%. There's just too much money in the economy right now for prices to stay normal. And it's unbalanced.
I've been laid off before. It sucks. No questions. But I also didn't get unemployment - so long as we don't let anyone starve/get evicted I think 2-4% is reasonable. Mind you, Congress has a lot more tools than the Fed. No idea what the Dems are doing. |
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10-06-2022, 09:32 AM
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#486 (permalink) | ||
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Aficionado of Fine Filth
Join Date: Nov 2009
Location: You don't want to look in there.
Posts: 6,797
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Quote:
Average long-term US mortgage rates dip to 6.66% this week
__________________
Quote:
She's a Brick House |
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10-06-2022, 05:05 PM
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#488 (permalink) |
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Born to be mild
Join Date: Oct 2008
Location: 404 Not Found
Posts: 26,970
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Now he's got the stoner vote. All they need to do is get them out of the house to ... oh. Wait.
https://www.youtube.com/watch?v=XzoRo_FeDrs
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Trollheart: Signature-free since April 2018 |
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10-06-2022, 05:49 PM
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#489 (permalink) |
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Music Addict
Join Date: Apr 2009
Posts: 2,344
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there are different types of recessions and it depends on your status and job field
also if ww3 does kick off and USA and RUssia both get MAD the one good thing we wont have to pay rent or mortgage anymore cus our houses will be gone thats if we survive the Nuclear blast |
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