Posted on 07/08/2023 6:16:39 AM PDT by Kaiser8408a
To quote Bill Paxton’s character from Twister: “It’s Already Here!”
The feared recession, that is.
The year-over-year growth rate in Household Net Worth has been negative for 3 consecutive quarters, the worst growth since The Great Recession and Financial Crisis of 2008/2009.
Of course, the Biden family household net worth is off the charts. As is the household net worth for other Washington DC politicians like Nancy Pelosi (Communist-CA). And AOC (Communist – NY).
(Excerpt) Read more at confoundedinterest.net ...
Correct.
In the White House, it’s time for a party on such great economic news! Ok, who brought the coke, Hunter? Whattaya mean you can’t remember?!
Did quite a few houses collapse?
The bricks will still stand long after house prices fall back into affordable levels.
Eh. They will stave off a recession for another year (election year) by simply re-defining recession again.
And there are a lot of football-kicking Charlie Brown’s out there.
FACT is that, if not for the red states, which are doing quite well economically, the U.S. would be in recession.
It taken separately and if the U.S. was composed solely of blue states, the U.S.. would be in deep recession, and would have been so for the last 3 years.
It taken separately and if the U.S. was composed solely of red states, the U.S. would be showing tremendous growth, and would have been so for the last 7 or so years.
Bidenomics destroys the economy, while the red states have resisted Biden’s and democrats’ economic policies and done ther own free-market pro-growth policies.
Another article claims workers are having to get into what savings they have to pay bills and get by.
We’ve been in a recession since Biden took office—prices everywhere and for everything have spiked. Our buying power is less. (Gas was around $2 and now almost $5 as just one example). Plus, the invasion of illegals pushes wages down. (Look at what DeSantis just accomplished in Florida by requiring eVerify, wages went up!)
I try not to think about my lost investment opportunities due to listening to economic naysayers.
My advice to young people, from their first paycheck forward, is to dollar cost average into the stock market.
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