There is no economic crisis.

[Woodznutz]

False.

When you see a house on fire you usually also see fire trucks. Most our 'house fires', no fire trucks.

 

[Care4all]

If stuff was too expensive people wouldn't buy it. However, retail and food sales continue at a healthy pace. No worries.

Credit card spending is up. There is correlation.

 

[Woodznutz]

Credit card spending is up. There is correlation.

If they can make the monthly payment with 18-24 percent interest, they can afford it.

 

[jacksonlamb]

When you see a house on fire you usually also see fire trucks. Most our 'house fires', no fire trucks.

Here's your fire truck.

 

[Care4all]

If they can make the monthly payment with 18-24 percent interest, they can afford it.

More and more can't, that's why personal bankruptcy rates increased 12% since Jan, and small business bankruptcies since this January have increased 60%!

It's not looking good and that was before this war and oil price rise!

I hope that changes soon! We are definitely affected!

 

[Woodznutz]

Here's your fire truck.
View attachment 1259011

Exactly.

 

[Woodznutz]

More and more can't, that's why personal bankruptcy rates increased 12% since Jan, and small business bankruptcies since this January have increased 60%!

It's not looking good and that was before this war and oil price rise!

I hope that changes soon! We are definitely affected!

That's Iran's plan. While we're collapsing theirs, they're collapsing ours.

 

[task0778]

If they can make the monthly payment with 18-24 percent interest, they can afford it.

No, it means people are outspending their income and in the long term they CANNOT afford it. They're just too stupid to realize it, or don't care enough to look further ahead than the end of the month.

That's Iran's plan. While we're collapsing theirs, they're collapsing ours.

Iran is not collapsing our economy, although what's happening in the Strait ain't helping. The US is doing just fine screwing up our own future without outside help or influence.

There is no economic crisis.​

Not yet, but it's coming. Does anyone really believe the current trends profligate fiscal insanity can last forever? We are told around 2033 or so the SSA Trust Fund runs out of IOUs and unless the congress does something to fix the system a lot of seniors are only going to get around 70-75% of their current SSA checks. Interest rates are not going to decline and inflation will rise, as recent reports tell us it's already happening. Ending the Iran war will ease the situation but not fix it; IMHO it's of question of when rather than if. And whichever party control Congress and the White House does not appear to change the spiral.

 

[Fort Fun Indiana]

If stuff was too expensive people wouldn't buy it. However, retail and food sales continue at a healthy pace. No worries.

It's funny that you think this is all you need to know.

I mean, who needs college or experience or expertise anyway?

Inflation about to pass 4%... up to 8 million people just lost their health insurance... bankruptcies climbing to the highest levels since the BK code was reformed... record household debt... treasuries forming a bubble... layoffs happening at a pace not seen since the great recession...

But hey, people are still buying stuff.

It hurts the brain.

 

[Woodznutz]

It's funny that you think this is all you need to know.

I mean, who needs college or experience or expertise anyway?

Inflation about to pass 4%... up to 8 million people just lost their health insurance... bankruptcies climbing to the highest levels since the BK code was reformed... record household debt... treasuries forming a bubble... layoffs happening at a pace not seen since the great recession...

But hey, people are still buying stuff.

It hurts the brain.

A lot of dominos had to fall to get to this place.

"If your starting premise is flawed, your conclusion will be ridicules."

We're there now.

 

[Fort Fun Indiana]

A lot of dominos had to fall to get to this place.

"If your starting premise is flawed, your conclusion will be ridicules."

We're there now.

You didn't say anything. A post of nothing.

 

[Dont Taz Me Bro]

If stuff was too expensive people wouldn't buy it. However, retail and food sales continue at a healthy pace. No worries.

You're in denial. 73% of Americans rate the economy as poor.

Latest AP Polls | AP-NORC Polling

New and historic polling from The Associated Press-NORC Center for Public Affairs Research on presidential approval, the U.S. economy and other issues.

apnews.com

 

[Woodznutz]

You're in denial. 73% of Americans rate the economy as poor.

Latest AP Polls | AP-NORC Polling

New and historic polling from The Associated Press-NORC Center for Public Affairs Research on presidential approval, the U.S. economy and other issues.

apnews.com

I could rate it as poor as well, but I'm doing ok.

 

[Woodznutz]

You didn't say anything. A post of nothing.

First domino: "I want it all and I want it now."
Last domino: Bankruptcy.

 

[Fort Fun Indiana]

First domino: "I want it all and I want it now."
Last domino: Bankruptcy.

Yes, the most shallow and stupid take imaginable. Congrats.

 

[Woodznutz]

Yes, the most shallow and stupid take imaginable. Congrats.

"Stupid is as stupid does." -Forest Gump

I get what you're saying.

"I don't understand what you're saying, therefore you are stupid."

"My financial problems are always caused by someone else."
or,
"I'm in financial trouble, therefore everyone else is too."

 

[Woodznutz]

You're in denial. 73% of Americans rate the economy as poor.

Latest AP Polls | AP-NORC Polling

New and historic polling from The Associated Press-NORC Center for Public Affairs Research on presidential approval, the U.S. economy and other issues.

apnews.com

73 % of those polled.

 

[Dont Taz Me Bro]

I could rate it as poor as well, but I'm doing ok.

It doesn't matter what you think. It matters what the 73% think who will be voting in November.

 

[jacksonlamb]

73 % of those polled.

That is a very shallow-based response.

 

[Woodznutz]

It doesn't matter what you think. It matters what the 73% think who will be voting in November.

How large was that poll?