Posted on 09/20/2023 2:04:23 PM PDT by lasereye
“....as economy outperforms” ????
“Economy outperforms” is a euphemism for “Inflation Still Running Rampant”
LET THEM EAT CAKE! this eventually comes with a guillotine
It’s a wartime economy. We haven’t just sent $110 billion to the Ukraine. We’ve sent military goods and services made here. That’s a lot of government dollars pumped into the economy. Dems start wars to boost the economy. It’s their modus operandi.
I assume “economy outperforms” means outperforms expectations. Which is in fact true. Many people were predicting at the beginning of this year that we’d be in a recession around this time. The economy is not great but there is no sign of a recession yet.
We’ve been in a recession since ‘22.
A recession is to back to back quarter GDP losses.
As for inflation, the federal fiscal fabricators no longer factor into equations energy and food spikes.
The only reason the economy seems to be treading water is because of multiple infusions of debt ridden cash. by means of quantitative easing and covid stimulus debt.
Wait until the real indicators come out in ‘24 which will reveal the REAL economic disaster that is now taking place in quarters 3 and 4 of ‘22.
Economy outperforms:
Here’s how..
Two Nobel Laureate economists are walking down the sidewalk. They come upon a huge dog turd. The first economist says to the second, “I’ll give you $100 if you eat that.” Second one says, “Well I don’t know but $100 is $100.” And he chows down.
They keep going and come upon another giant steaming pile. Second one says to the first “Now I’ll give YOU $100 if you eat that!” First economist says, “No problem, fork it over”. And he chows down.
They keep going and the Second says to the First, “I don’t think we gained anything: neither of us are ahead and we both ate dog shit.” The First economist says, “Well look on the bright side: We added $200 to the GDP.”
Dont know what to believe. Sure not these cruds.
lol
Yeah, consumer spending is stable, but it’s financed by drawing down of savings and increasing use of credit card debt. Soon, student loan payments are on the horizon, credit cards will begin to be maxed out, and savings tapped out. In a couple months, what will people be using to make ends meet?
question: “In a couple months, what will people be using to make ends meet?”
answer: is found between the first and third Amendments.
There have not been negative GDP quarters since those two, which were only slightly negative. Therefore we are not in a recession since ‘22.
As for inflation, the federal fiscal fabricators no longer factor into equations energy and food spikes
Energy, and maybe food, is not part of the "core inflation" number. It is in the CPI and other inflation numbers.
The money people got for Covid is said to have run out. People are racking up record amounts of credit card debt. It will not end well. But the timing is still unclear.
“It will not end well. But the timing is still unclear.”
___________________________
Agree that it will not end well. But everything I am hearing is that quarters 3 & 4 will be devastating, though the true damage to the economy will not be revealed until after the new year.
I fully expect a catastrophe in the commercial real estate market, due to several factors including vacancies. I’ve read that 1/3 of the mortgages are up for renewal this fall and several will be turned down. because of this, unrealized losses to the banks will continue to crater the financial lending markets.
The dollar is running into a BRIC wall and will soon collapse the dollar.
Energy and food costs are spiking and once again the supply chain is experiencing orchestrated set backs.
IOW, the economy will soon tank. Just as planned by NWO globalists.
Don’t forget more than 70 billion in student loan payments that restart in September. While not every debtor stopped payments, a huge number did. That money will get sucked out of the economy, causing a slow down among the cohort that “should” be buying homes and getting married.
It will not impact the markets October 1st…but it will lead to lower consumer spending, higher consumer debt, and a delay in capital purchases (cars, homes, washers, dryers, etc.) The average loan is somewhere around $350 a month. But there are 40 million debtors. It’s going to hit just about the time holiday spending is supposed to surge. That will multiply into the economy in Q4 and Q1.
buckle up for a rough ride.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.