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Yup that second quarter (period ending June 2022) was bad.
Wonder what might happen in the third quarter.
July seems to be not as bad as everyone thought it would be.
It's bad -- but not as bad.
really dislike Biden but i hope you are right. That things are not as bad as we thought they were going to be. But just talking from friends in Business and family in general I think we haven't even touched the tip of the iceberg. A lot of people seem to be surviving on Credit Cards and savings which will run out and that will be the real test on how tough things will become. We are so consumer focussed as an economy when too many people stop consuming things have the possibility of snowballing their way into disaster.
really dislike Biden but i hope you are right. That things are not as bad as we thought they were going to be. But just talking from friends in Business and family in general I think we haven't even touched the tip of the iceberg. A lot of people seem to be surviving on Credit Cards and savings which will run out and that will be the real test on how tough things will become. We are so consumer focussed as an economy when too many people stop consuming things have the possibility of snowballing their way into disaster.
This is the battered wife syndrome. Biden gets elected and her hubby starts beating her ten times a day. In July '22 he only beats her eight times a day, and she is dancing in the streets and clicking her heels, 'things are not as as bad now.'
This is the battered wife syndrome. Biden gets elected and her hubby starts beating her ten times a day. In July '22 he only beats her eight times a day, and she is dancing in the streets and clicking her heels, 'things are not as as bad now.'
There's some truth here.
It was made worse when Ol' Bumbles Biden today declared that there was zero inflation, which of course his idiot press secretary ran with.
I think there are some real legitimate concerns about things. There's no Fed meeting in August, and it "seems" like the Sept. meeting will be a 50 basis point increase. But the reality is that food and housing -- not that those two items are things most people have in their budget......oh....yeah, that's right, they do -- are still high, and are likely going higher. The July number was down because fuel is falling, but it is still significantly higher than it was in 1/21, as is the rate of inflation.
And we have a mental midget and a female extra from Dumb & Dumber as president/vice-president. What could possibly go wrong?
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