Users Online Now:
1,733
(
Who's On?
)
Visitors Today:
553,793
Pageviews Today:
861,553
Threads Today:
344
Posts Today:
4,614
09:36 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way!
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Big Duke6:MV80MDEyNzEzXzcyNjY1NTQzX0M1MjgwMTgw] [quote:Larry D. Croc:MV80MDEyNzEzXzcyNjUxNTQ0XzkzOEU3OUE0] [quote:Anonymous Coward 72868459:MV80MDEyNzEzXzcyNjQ4MjMzXzc4QzBBN0Y=] You have to laugh at the people gung ho about the economy because people are still shopping at stores. No shit. If they weren't, we wouldn't be crashing, we'd be crashed. People need stuff so they buy it. Alot of that stuff is put on credit cards. More debt. Nearly all car sales. Debt. Mortgages. Debt. People are buying crap they dont need on credit everywhere. Debt keeps the economy moving. People are falling behind on car payments, house payments, credit cards. Most people live check to check and barely make it. Its all a game. The economy will be amazing until the day it isnt. Then everyone says, but it looked so great, how? Silly game. [/quote] Here's an update on your "people are falling behind on house payments" comment from CoreLogic which I quote at way less than 50%: "As of September 2018, the serious delinquency rates for Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and conventional loans were 3.7, 1.9 and 1.1 percent, respectively (Figure 1). The serious delinquency rate dropped significantly for all loan types in September 2018 compared with September 2017. These rates represent an 11-year low." Note, an eleven year low. [/quote] Any financial figures originating from a Trump run administration is bull shit. Here endeth the lesson. [/quote]
Original Message
This has been building for years now...I suspect that the only way out is that if the rumors of President Trump working on some kind of financial reset are true we might have a chance...but what that would look like is uncertain and it is still likely many would be crushed...
[
link to www.zerohedge.com (secure)
]
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>