Recession - 2022 / 2023 / 2024

[Fig]

Working hard does not help when your basic expenses are larger than your take home pay. Many who have benefited from better economic times fail to see the truth of today’s situation and call everyone who is not like themselves, lazy. Then they vote for “conservative” politicians who tell them what they want to hear while hustling us all toward economic meltdown.

Lol. GTFOH! This retard administration, and retard Democrat policy is directly to blame, and if you can't see that you are equally retarded, because this is not complicated shit. This is ECON 101.

They have been throwing gas on the fire since they took office. Their energy policy is exhibit #1. Their incessant baying for more taxes is #2. Their obscene "COVID relief bill" is #3, and WTF do you think injecting another $25,000,000,000 directly into the economy is going to do to inflation while the FED is raising rates AT THE SAME FUCKING TIME!!!

No, you may not be lazy, but by believing that leftist/socialist policies have anything to do with a real, free market economy makes you a fucking moron and economically illiterate.

Please explain to us how raising corporate tax rates and handing out more borrowed money is going to bring down inflation. This is their "plan", and they can't defend it, so I am on pins and needles hearing one of their minions demplaining it to all of us.

How about some fucking energy policy? We are literally transitioning to a "green economy" with NO "green energy" available or workable. This is the left and their cult of environazi slicing our throats in real time.

 

[Bigfatcock]

Lol. GTFOH! This retard administration, and retard Democrat policy is directly to blame, and if you can't see that you are equally retarded, because this is not complicated shit. This is ECON 101.

They have been throwing gas on the fire since they took office. Their energy policy is exhibit #1. Their incessant baying for more taxes is #2. Their obscene "COVID relief bill" is #3, and WTF do you think injecting another $25,000,000,000 directly into the economy is going to do to inflation while the FED is raising rates AT THE SAME FUCKING TIME!!!

No, you may not be lazy, but by believing that leftist/socialist policies have anything to do with a real, free market economy makes you a fucking moron and economically illiterate.

Please explain to us how raising corporate tax rates and handing out more borrowed money is going to bring down inflation. This is their "plan", and they can't defend it, so I am on pins and needles hearing one of their minions demplaining it to all of us.

How about some fucking energy policy? We are literally transitioning to a "green economy" with NO "green energy" available or workable. This is the left and their cult of environazi slicing our throats in real time.

I think you have misunderstood what Emerson0311 was saying.

 

[Fig]

He said conservative politicians and their voters think anyone who is not wealthy is lazy, and that they are "hustling us toward economic meltdown".

This is typical leftist fare, typical communist talking points, and it largely relies on both the greed and envy of democrat voters. Becomming wealthy in America is simple and easy. Save and invest your money. Go without fancy rifles and bass boats and ATVs, and new cars, and $5 coffees. Leftists don't want to hear that. It isn't that they're lazy, it's that they're fucking dumb and have no discipline. They're an adult version of my 12 y/o.

Whether you loved or hated Trump, his actual policies were plain fucking vanilla conservative economics (actual economics, not socialism/communism/command economy). Just like that motherfucker Obama, Biden has destroyed a normal recovery with his leftist policies (I won't even call them "economic policies", because they are in spite of all economics).

 

[Charger442]

He said conservative politicians and their voters think anyone who is not wealthy is lazy, and that they are "hustling us toward economic meltdown".

This is typical leftist fare, typical communist talking points, and it largely relies on both the greed and envy of democrat voters. Becomming wealthy in America is simple and easy. Save and invest your money. Go without fancy rifles and bass boats and ATVs, and new cars, and $5 coffees. Leftists don't want to hear that. It isn't that they're lazy, it's that they're fucking dumb and have no discipline. They're an adult version of my 12 y/o.

Whether you loved or hated Trump, his actual policies were plain fucking vanilla conservative economics (actual economics, not socialism/communism/command economy). Just like that motherfucker Obama, Biden has destroyed a normal recovery with his leftist policies (I won't even call them "economic policies", because they are in spite of all economics).

he put "conservative" in quotes for a reason. saying people are following someone who claims to be conservative but has liberal qualities. like RINOs, etc.

someone like Liz Cheney, Toomey, Mittens, and that snake Crenshaw. they arent conservative. they just want you to think they are.

 

[Emerson0311]

Lol. GTFOH! This retard administration, and retard Democrat policy is directly to blame, and if you can't see that you are equally retarded, because this is not complicated shit. This is ECON 101.

They have been throwing gas on the fire since they took office. Their energy policy is exhibit #1. Their incessant baying for more taxes is #2. Their obscene "COVID relief bill" is #3, and WTF do you think injecting another $25,000,000,000 directly into the economy is going to do to inflation while the FED is raising rates AT THE SAME FUCKING TIME!!!

No, you may not be lazy, but by believing that leftist/socialist policies have anything to do with a real, free market economy makes you a fucking moron and economically illiterate.

Please explain to us how raising corporate tax rates and handing out more borrowed money is going to bring down inflation. This is their "plan", and they can't defend it, so I am on pins and needles hearing one of their minions demplaining it to all of us.

How about some fucking energy policy? We are literally transitioning to a "green economy" with NO "green energy" available or workable. This is the left and their cult of environazi slicing our throats in real time.

You assume a great deal about me. You could not be more wrong. I live in Canada ,but most people that live in the states vote a lot farther left than they admit, and certainly farther left than I live day to day. Point that rant at someone who is not politically to the right of most libertarians. That post is like a drunk fighting his own squad members because his ex is fucking his brother and he has stopped processing reality. The left and right created this mess to control the masses and get rich. What my post describes is the results of apathy and laziness by the citizens that are supposed to hold grifting politicians accountable.

 

[Bigfatcock]

I’m not covering until it hits $100.

 

[Mr.BR]

Can anyone imagine FED and central banks actually doing what needs to be done to combat inflation that is off the charts? that would mean interest rates that match or surpass the inflation numbers? Cost of borrowing going through the roof including debt that governments issue to finance all the feebees!

Instead central banks tiptoeing in the minefields they largely created themselves avoiding what needs to be done at all cost.

Even harder to imagine the political will to drop a host of sanctions against oil exporting countries to bring energy prices down instead of just hiking them all the time (40+% of inflation is down to energy prices) with more and more vitrue signaling with sanctons , Brandon and Kamala combined can't suck enough Saudi cock to make up for all the oil and gas they are holding under sanctions.

 

[Hobo Hilton]

Can anyone imagine FED and central banks actually doing what needs to be done to combat inflation that is off the charts? that would mean interest rates that match or surpass the inflation numbers? Cost of borrowing going through the roof including debt that governments issue to finance all the feebees!

Instead central banks tiptoeing in the minefields they largely created themselves avoiding what needs to be done at all cost.

Even harder to imagine the political will to drop a host of sanctions against oil exporting countries to bring energy prices down instead of just hiking them all the time (40+% of inflation is down to energy prices) with more and more vitrue signaling with sanctons , Brandon and Kamala combined can't suck enough Saudi cock to make up for all the oil and gas they are holding under sanctions.

Jerome Powell, FED Reserve, is "politicized" ..... Federal Reserve Vice Chair Lael Brainard is more realistic. The FED Governor's, for the most part, are pushing for increase in interest rates. Powell is sitting on his hands. His only plan is for "hope" that things improve. He is shooting for a soft landing in 2023... That squeezes the American people for another 8 months...

How does that sound ?

 

[Lightning8]

Just some numbers...
Pew's yardstick, middle income is made up of people who make between $42,000 and $126,000.
The average age of vehicles on U.S. roadways edged higher in 2021, hitting a record of 12.2 years

What Is Middle Class Income? Thresholds, Is It Shrinking

Which income class do you belong to, and what defines the different classes? It's said that the middle class is shrinking, but what does the data say?

www.investopedia.com

The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years

American drivers are holding on to cars and trucks longer to avoid lofty prices for replacements and an inventory shortage at dealerships.

www.wsj.com

I think in Georgia you can make equivalent of $40000 on various government giveaways and not work at all

 

[GMZ]

So I’ve always been cheap in some ways so I can splurge in others ie buying groceries that are on sale so I can buy expensive guns. Was at the store yesterday and saw most people carrying around the sale flyer and buying what was on sale. The specials were damn near picked clean. Never seen that here before.

Also been noticing increased traffic at the base commissary.

 

[Hobo Hilton]

So I’ve always been cheap in some ways so I can splurge in others ie buying groceries that are on sale so I can buy expensive guns. Was at the store yesterday and saw most people carrying around the sale flyer and buying what was on sale. The specials were damn near picked clean. Never seen that here before.

Also been noticing increased traffic at the base commissary.

We are living in a changing world which is nothing new.... What's new is the factors that are causing this change. Concerning.

 

[Lightning8]

So I’ve always been cheap in some ways so I can splurge in others ie buying groceries that are on sale so I can buy expensive guns. Was at the store yesterday and saw most people carrying around the sale flyer and buying what was on sale. The specials were damn near picked clean. Never seen that here before.

Also been noticing increased traffic at the base commissary.

We quit shopping at Publix and Kroger and moved to Aldis for a lot of our grocery shopping. Seems like lower overhead and costs. Dont need coffee bar etc when buying basic groceries

 

[Hobo Hilton]

Worldwide

Japan Asks People And Firms To Save Electricity To Avoid Blackouts | OilPrice.com

Japan on Tuesday called on households and companies to conserve as much electricity as possible this summer, seeking to prevent blackouts

oilprice.com

 

[Hobo Hilton]

LOL.... We now welcome the World Bank to the party... A late arrival, none the less.

World Bank slashes global growth forecast to 2.9%, warns of 1970s-style stagflation

The World Bank on Tuesday slashed its global growth forecast and warned that many countries could fall into recession.

www.cnbc.com

 

[Bigfatcock]

@Bender are they offering any refunds?

 

[lariat]

MSN

www.msn.com

 

[Bigfatcock]

MSN

www.msn.com

That’s racist, obviously.

 

[Hobo Hilton]

Yellen's plan is "Hope"..... Going to be a long way to that soft landing.

Inflation will remain elevated, Treasury Secretary Janet Yellen told the Senate Finance Committee, as the Biden administration continues to battle high prices that are denting American pocketbooks.
The U.S. faces “unacceptable” levels of inflation, she said. Supply- chain problems continue and Russia’s war in Ukraine has created imbalances in supplies of energy and food.
“I do expect inflation to remain high, although I very much hope that it will be coming down now,” she said.

 

[Mr.BR]

Yellen's plan is "Hope"..... Going to be a long way to that soft landing.

Inflation will remain elevated, Treasury Secretary Janet Yellen told the Senate Finance Committee, as the Biden administration continues to battle high prices that are denting American pocketbooks.
The U.S. faces “unacceptable” levels of inflation, she said. Supply- chain problems continue and Russia’s war in Ukraine has created imbalances in supplies of energy and food.
“I do expect inflation to remain high, although I very much hope that it will be coming down now,” she said.

No soft landing on this one , inflation is wholly created by the printing of money at the time when jack shit productivity of folks sitting at home doing mostly nothing .

Imbalances to supplies of energy are more or less down to the political choice of sanctioning ever larger number of mayor 'energent exporters' same with food and fertilizers.If one chose too, they could be dropped any day.But i think they are just acting out the WEF agenda ''you will own nothing and you will be happy''

Rate hikes are far too small to drive down inflation. 80's style rates above 10% at least short terms would be needed. But the economy and government spending running on cheap credit make this an absolute no go these days.
.

 

[Hobo Hilton]

No soft landing on this one , inflation is wholly created by the printing of money at the time when jack shit was being produced in terms of productivity.
Imbalances to supplies of energy are more or less down to the political choice of sanctioning ever larger number of mayor 'emergent exporters' same with food and fertilizers.If one chose to could be dropped any day.But i think they are just acting out the WEF agenda ''you will own nothing and you will be happy''

Rate hikes are far too small to drive down inflation. 80's style rates above 10% at least short terms would be needed. But the economy and government spending running on cheap credit make this an absolute no go these days.
.

This little airplane is going to run out of fuel trying to stretch the glide pattern into 2023... Politicians have no idea how thin the patience of "We the People" is running...............

Feds: Walker man told congresswoman, 'If I could get up there, I'd kill every one of you'

A man who made two profanity-laced threats against a Florida congresswoman from his Walker trailer faces federal charges, prosecutors said Tuesday.

www.theadvocate.com

 

[Hobo Hilton]

New Drilling Stalls Out In The U.S. Oil Patch | OilPrice.com

The number of total active drilling rigs in the United States stayed the same this week, after the 1 rig dip in the week prior,

oilprice.com

 

[E. Bryant]

Fed GDP tracker shows the economy could be on the brink of a recession

The Atlanta Fed's GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.

www.cnbc.com

Oh yeah, buddy - we're already in trouble, and businesses haven't yet pulled back on purchasing due to bloated inventory, the Fed is nowhere close to killing the housing and auto markets with its rate hikes, and consumers haven't yet fully comprehended the degree to which their household budgets have been fucked.

BTW, it's significant that this message is now coming via the mainstream media.

 

[Bigfatcock]

Fed GDP tracker shows the economy could be on the brink of a recession

The Atlanta Fed's GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.

www.cnbc.com

Oh yeah, buddy - we're already in trouble, and businesses haven't yet pulled back on purchasing due to bloated inventory, the Fed is nowhere close to killing the housing and auto markets with its rate hikes, and consumers haven't yet fully comprehended the degree to which their household budgets have been fucked.

BTW, it's significant that this message is now coming via the mainstream media.

Target just released guidance on this yesterday.

 

[lariat]

Fed GDP tracker shows the economy could be on the brink of a recession

The Atlanta Fed's GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter.

www.cnbc.com

Oh yeah, buddy - we're already in trouble, and businesses haven't yet pulled back on purchasing due to bloated inventory, the Fed is nowhere close to killing the housing and auto markets with its rate hikes, and consumers haven't yet fully comprehended the degree to which their household budgets have been fucked.

BTW, it's significant that this message is now coming via the mainstream media.

“Many on Wall Street are still expecting the combination of resilience in consumer spending and job growth to the keep the U.S. out of recession.”

Who comes up with this drivel?

 

[Bigfatcock]

“Many on Wall Street are still expecting the combination of resilience in consumer spending and job growth to the keep the U.S. out of recession.”

Who comes up with this drivel?

The same people performing the media blitz about how strong biden’s economy is.

 

[Hobo Hilton]

“Many on Wall Street are still expecting the combination of resilience in consumer spending and job growth to the keep the U.S. out of recession.”

Who comes up with this drivel?

"Just following orders".... The recession has become politicized.

 

[Bigfatcock]

The Fed may be forced to trigger a recession with inflation running close to its historic peak, according to economists including ex-Treasury Secretary Larry Summers

Summers Group economists have devised a new inflation metric — and found that US prices are rising at a level close to their 1980 peak.

www.yahoo.com

Dropping hints. Hope people have money saved up and their finances in order.

 

[Hobo Hilton]

The Fed may be forced to trigger a recession with inflation running close to its historic peak, according to economists including ex-Treasury Secretary Larry Summers

Summers Group economists have devised a new inflation metric — and found that US prices are rising at a level close to their 1980 peak.

www.yahoo.com

Dropping hints. Hope people have money saved up and their finances in order.

You and I have been saying that for a long time.... Yet, consumers are adding purchases on their charge cards... The FED's said consumer demand would lessen when inflation kicked in. I'm not seeing it... Groceries and gasoline are items the average American can't cut back much more on.
FED's would have American's (and the rest of the world) believe there is a "light at the end of the tunnel"... That's nothing more than another train heading our way.

 

[Hobo Hilton]

Relying on your credit card to make ends meet? A 0% APR card is more helpful now than ever

Cards offering interest-free periods on new purchases give you more time to pay off your balance.

www.cnbc.com

 

[Hobo Hilton]

By placing the moratorium on rent, Biden made an existing housing crisis far worse.

Inflation Will Price Many Americans Into Homelessness, by Brandon Smith

Inflation Will Price Many Americans Into Homelessness, by Brandon Smith. The government would freeze monthly rents, but not home prices themselves.

survivalblog.com

 

[E. Bryant]

Target just released guidance on this yesterday.

And it was previously confirmed in other places, like the Q1 GDP report. But after the public has heard little other than news about supply-chain-induced shortages, it's going to take a bit of repetition before normies can accept the concept of excess inventory build.

 

[E. Bryant]

The Fed may be forced to trigger a recession with inflation running close to its historic peak, according to economists including ex-Treasury Secretary Larry Summers

Summers Group economists have devised a new inflation metric — and found that US prices are rising at a level close to their 1980 peak.

www.yahoo.com

Dropping hints. Hope people have money saved up and their finances in order.

We'll see if the term "Taylor rule" is in widespread use by the end of this year.

Can't wait to see what happens to the broader economy when the target Fed rate hits 10% or so.

 

[Bigfatcock]

It’s important to understand that the biden regime is literally pissed off that people are still able to buy food and groceries.

 

[lariat]

MSN

www.msn.com

 

[Hobo Hilton]

MSN

www.msn.com

During the "Great Recession" I borrowed / revised an old phrase.... Improvise, Adapt and Survive. Without really thinking I used it in a conversation, yesterday. Deja Vu... JMHO, there will be many records broken during the next few years as far as the economy / finances / inflation go.

Reference:
The Great Recession was a period of marked general decline observed in national economies globally that occurred between 2007 and 2009.

 

[Bigfatcock]

 

[tomcatmv]

Lol. GTFOH! This retard administration, and retard Democrat policy is directly to blame, and if you can't see that you are equally retarded, because this is not complicated shit. This is ECON 101.

They have been throwing gas on the fire since they took office. Their energy policy is exhibit #1. Their incessant baying for more taxes is #2. Their obscene "COVID relief bill" is #3, and WTF do you think injecting another $25,000,000,000 directly into the economy is going to do to inflation while the FED is raising rates AT THE SAME FUCKING TIME!!!

No, you may not be lazy, but by believing that leftist/socialist policies have anything to do with a real, free market economy makes you a fucking moron and economically illiterate.

Please explain to us how raising corporate tax rates and handing out more borrowed money is going to bring down inflation. This is their "plan", and they can't defend it, so I am on pins and needles hearing one of their minions demplaining it to all of us.

How about some fucking energy policy? We are literally transitioning to a "green economy" with NO "green energy" available or workable. This is the left and their cult of environazi slicing our throats in real time.

And don't forget about the $40 billion to Ukraine while our border is wide fucking open.

 

[Bigfatcock]

And don't forget about the $40 billion to Ukraine while our border is wide fucking open.

For ukraine, any man would give his only begotten son.

 

[E. Bryant]

MSN

www.msn.com

Spicy time begins soon.

 

[Hobo Hilton]

View attachment 7888035

Poor​

If a trip around the world cost a dollar, I couldn’t get to the Oklahoma line.
He’s so broke he’s busted all Ten Commandments.
Poor as a lizard-eating cat.
Hasn’t got a pot to pee in or a window to throw it out of.
So poor I had a tumbleweed as a pet.
I ate so many armadillos when I was young, I still roll up into a ball when I hear a dog bark.
So poor we had to fertilize the sills before we could raise the windows.
Poor as sawmill rats.
He’s broke as a stick horse.
He’s too poor to pay attention.
So poor the wolf won’t even stop at their door.
So poor their Sunday supper is fried water.
Too poor to paint, too proud to whitewash

 

[Bigfatcock]

 

[SONIC SAAMI]

You will eat the canned salmon and like it.

 

[Bigfatcock]

You will eat the canned salmon and like it.

I like salmon patties.

 

[Hobo Hilton]

U.S. weekly jobless near five-month high; labor market still very tight

The number of Americans filing new claims for unemployment benefits increased to the highest level in nearly five months last week, but that likely does not mark a material shift in labor market conditions, which remain extremely tight.

www.reuters.com

 

[Hobo Hilton]

American households are forced into separating "needs / wants"........

U.S. household wealth drops for first time in 2 years

U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed.

www.reuters.com

 

[Hobo Hilton]

Americans lost half a trillion dollars in wealth in early 2022

Americans' wealth took a nosedive early this year as the stock market plummeted.

www.cnn.com

 

[Hobo Hilton]

From the article:
But it’s worth remembering that everything that has happened recently—the 2008 recession and the current inflationary episodes—happened at the hands of the experts.

No One Knows How to Tackle Inflation › American Greatness

I no longer find economics as compelling as I did when I encountered it in high school. At first, it seemed like a secret key for understanding the world. The elegant graphs and the step-by-step logic…

amgreatness.com

 

[Hobo Hilton]

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

www.cnbc.com

 

[candyx]

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

www.cnbc.com

So....... Are we still thinking that a old man who shits his pants who lived his entire life supported by the taxpayer knows what to do ??? If your answer is yes you just might be insane, call your doctor.

 

[Hobo Hilton]

Worldwide

Japan voices concern over sharp yen fall in rare government, central bank statement

JAPAN escalated its warnings on Friday (Jun 10) against recent sharp falls in the yen, expressing "concern" over the moves in a rare joint statement by the government and the central bank. Read more at The Business Times.

www.businesstimes.com.sg