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Do we have a booming economy? The mainstream propaganda media and the Orange Woman Psaki have been blaming inflation on a booming economy instead of the fact that under the pandemic we increased M2 money supply by 41% and the economy only grew 9% meaning more dollars are chasing the same amount of products.
Evidence that YES we do have a booming economy:
-The mainstream propaganda media is saying Biden has a booming economy.
Evidence that NO we don't have a booming economy:
-There are still less employed people than before the pandemic.
-The economy is growing at a 0.0% rate for GDP.
-Inflation is at a 40 year high, and if you measure inflation the same way we did in 1980, it is the worst inflation in 75 years.
-81% of US adults in a new poll think the US is headed into a recession for 2022.
-69% in an AP poll say the US economy is in rough shape.
-Gas is at the highest price in US history.
-We just had a yield curve inversion, which is the most accurate predictor of an upcoming recision.
-Many people are predicting a housing bubble.
-Wages are not keeping up with inflation.
-Homeless camps are growing.
-The US Dollar is possibly starting to lose its reserve currency status..
The libs need to lie to find SOME WAY to salvage the upcoming massacre in November. When the public is interviewed, they know the economy is terrible, as they are suffering from Biden's record inflation.
Now with inflation rising all the time, the Fed MUST increase interest rates to a greater degree than anticipated, which will cave the stock market and real estate bubbles.
The worst is yet to come for the US at the hands of Biden/Obama. The media can try to cover for the libs as much as they can (and always have), but you can't polish a turd. The lunacy of democrat policy has been on full display in the "Biden admin" and the average American HATES IT.
The ONLY WAY THE DEMS KEEP THE HOUSE AND SENATE IN NOVEMBER IS TO COMMIT FRAUD AGAIN. If they do, states will seriously begin the process of secession, as there is no point whatsoever being a part of the US if we no longer have voting rights. Libs talk about "voting rights", yet have utter contempt for those rights by routinely committing election fraud.
Um...no. Biden was handed a booming economy, with perhaps the strongest foundation in history. The economy was booming the first few months of his term, carrying on the momentum of Trump's policies. But as Biden's policies have taken effect, inflation has skyrocketed, fuel prices have hit record highs, and the stock market has gone into a bear market. As anyone that has watched their IRAs knows.
Many economists are predicting a recession by the end of the year or early next year.
Don't count on a housing bubble burst. Where I live most people just write a check and its owned. Seattle.
The current housing bubble is based on "free money" (extremely, artificially low interest rates). Rates are rising rapidly, and housing purchases are dropping. Expect to see a repeat of 2008, but worse. That time inflation and interest rates remained low. Rather than the recession of 08, we are likely to see the horrible mess we had during the Carter administration, with near 15% unemployment, 20% mortgage rates and massive business collapses.
The current housing bubble is based on "free money" (extremely, artificially low interest rates). Rates are rising rapidly, and housing purchases are dropping. Expect to see a repeat of 2008, but worse. That time inflation and interest rates remained low. Rather than the recession of 08, we are likely to see the horrible mess we had during the Carter administration, with near 15% unemployment, 20% mortgage rates and massive business collapses.
The problem with this prediction is the lack of supply compared to back then. They were overbuilding in the 00's and underbuilding in the 10's. Maybe a lot of aging boomers will finally sell the next 5 years and add to the supply though. There are lots of people in their 70's who still own their homes in my town...the people who grow up here never leave.
I don't think Seattle's housing boom will stop unless the tech workers all leave. They make more in one year than a Boeing blue collor worker in 8 to 10.
I think running out of things to buy is the biggest concern for these tech workers here. You can only spend so much before you do it all.
Is the middle class getting priced out of Seattle?
Most every middle class person I know were here before the tech boom. I moved here in 82.
1, So no new middle class people means that they are starting to get priced out?
2, Seattle's real estate market crashed 30% during the Great Financial Crisis. Considering that prices have shot up a lot since then to new all time highs, what makes you think a repeat is impossible?
3, What if people can cut a check for houses in Seattle as you say, because of stock profits, but stocks are in a bubble that pops?
Last edited by michiganmoon; 04-06-2022 at 07:55 PM..
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