Homes in my neighborhood are selling again. I go to the mall and EVERYONE is buying. Now, they've been doing this for two or three years. You say, "they're using credit cards." Really? For three years?
My wife goes in Kohls or Macy's and people are lined up, with (it seems) plenty of money. And, until today, the stock market has been going up pretty steadily.
Explanation?
” Explanation? “
Some parts of the Titanic were not impacted by the iceberg - by your (implied) logic, those parts didn’t sink....
My explanation is that America is stronger and more resilient than many folks think.
Make no mistake. I think we're in for hard times ahead. And it always pays to be prepared and have a good backup plan.
But if we can beat both Hitler and Tojo at the same time, we need not let anything scare us.
It just takes the right leader. And America has a history of having the right leader emerge when crisis is upon us. See my tagline for details.
Someone has to stand on the bridge waiting for FEMA to bring them a blanket, a bottle of water and a MRE so the TV news anchor can have his money shot.
Do some detective work and see what those houses are selling for. Not near what they originally sold for.
Those people in the stores you see are the ones with EBT cards, EITC cash and other supplementary income that they can use to buy whimsy’s. They use the government money for staples (at least for what’s leftover that they don’t sell to others for cash).
What’s a gallon of milk cost you? Eggs? Have you seen the price of bacon lately?