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People have been saying that since 2021. Is it slowing down & dropping in some areas? Yes. But I highly doubt a crash is going to happen. At least not anywhere near what we saw in 2008-2009
People have been saying that since 2021. Is it slowing down & dropping in some areas? Yes. But I highly doubt a crash is going to happen. At least not anywhere near what we saw in 2008-2009
I dont think people understand that Biden and Democrats did a legalized theft to the American dollar. They printed off trillions of dollars in green deal initiatives resulting in your dollar being worth 20% less that it was 3 years ago. Winners were asset holders, losers are renters and salaried employees.
We had a bit of an inflationary shock to the system. Prices are up substantially for many things. But this isn't a measure of success. It just means the dollars we have are worth less than before. In a 10% inflation environment, if you aren't getting a 10% raise and you aren't seeing your net worth grow 10%, you are losing to inflation.
And who said the stock market is doing great? Has it been keeping pace with all the Bidenflation?
Well, rep point for you for adding a little sanity and truth to this otherwise insane thread.
I dont think people understand that Biden and Democrats did a legalized theft to the American dollar. They printed off trillions of dollars in green deal initiatives resulting in your dollar being worth 20% less that it was 3 years ago. Winners were asset holders, losers are renters and salaried employees.
"What's the matter? Just tell your boss to give you a 20% raise!"
We're still suffering from inflation like everyone else, but I admit it's nice to get 5.50% interest on CDs rather than the usual less than 1.00%. It's about time we savers were rewarded!
We're still suffering from inflation like everyone else, but I admit it's nice to get 5.5% interest on CDs rather than the usual less than 1%. It's about time we savers were rewarded!
5.5% interest sounds good until you realize property and gold are up 50% and the dollar is down 20%.
We're still suffering from inflation like everyone else, but I admit it's nice to get 5.50% interest on CDs rather than the usual less than 1.00%. It's about time we savers were rewarded!
How are they being rewarded if inflation is the same or greater? Those >1% rates paid little because the rate of inflation was very low at the time. Now it's a new ball game and prices are rising much faster. So people have to make money faster than ever just to keep up.
Quote:
Originally Posted by Crossfire600
Well, rep point for you for adding a little sanity and truth to this otherwise insane thread.
Sanity? In a political discussion? In 2023? You're expecting a bit much, don't you think?
I'm working on the property part (formerly a landlord of multiple properties and I currently own, but I'm looking to relocate). In the meantime, it's nice to at least earn a little something on parked cash.
The uptick in mass shootings are making more sense to me now.
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