The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way!
|Larry D. Croc |
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04/06/2019 09:07 PM
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Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way!
Quoting: Big Duke6
Quoting: Larry D. Croc
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.Quoting: Anonymous Coward 72868459
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.
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.
Any financial figures originating from a Trump run administration is bull shit. Here endeth the lesson.
Core Logic has no association with either the government in general or Trump in particular.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan
The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
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|4||Downturn Accelerates As It Circles The Globe - Economies Worse Off Than Predicted Just Weeks Ago||01/26/09|
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