The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! | |
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Anonymous Coward User ID: 77530640 India 04/05/2019 03:02 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! lol, liquidity crisis is everywhere..apart from China and Arabia. So yes I do not care if you snort cocaine with your croissants in the morning. US economy is extremely doomed, while the rest of the world is in very bad shape. this is exactly how capitalism works. Banks print money and make business and consumers dependent on credit then they close the tap...and collect everybody assets. |
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Anonymous Coward User ID: 77005931 Switzerland 04/05/2019 04:39 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! They are worried now! I think the big printing presses are already warming up ! Here and in the US! Reset can only be done AFTER the collapse, not before! Until then its lying and printing only. And now comes BREXIT for EU in addtion - NOT GOOD ! Tick tock |
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Anonymous Coward User ID: 72868459 United States 04/05/2019 05:08 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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. |
condor819 (OP) User ID: 76605426 United States 04/05/2019 05:15 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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. Sounds exactly like 2008 when things we're Booming until they weren't. The car note defaults are Hugh right now...how people take on these large notes for those overpriced vehicles is beyond me. |
Starburne User ID: 71161576 South Africa 04/05/2019 06:03 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's a mystery to me,why can't it just go on as is ad infinitum? 1st world countries ie USA,Japan,Switzerland and Eurozone etc gets to print fiat as fast as the presses can roll all year long and distributes said cash at 0% interest to elites and companies for share buybacks etc and everybody claims profits at year end as markets hit record highs. Yet if a 3rd world shithole tries the same tactics ie Venezuela,Zimbabwe their economies are destroyed? Double standards? "I have no special talent, I am only passionately curious." -Albert Einstein |
Anonymous Coward User ID: 77477217 Ireland 04/05/2019 06:19 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's a mystery to me,why can't it just go on as is ad infinitum? Quoting: Starburne 1st world countries ie USA,Japan,Switzerland and Eurozone etc gets to print fiat as fast as the presses can roll all year long and distributes said cash at 0% interest to elites and companies for share buybacks etc and everybody claims profits at year end as markets hit record highs. Yet if a 3rd world shithole tries the same tactics ie Venezuela,Zimbabwe their economies are destroyed? Double standards? The 3rd world shitholes aren't controlled by bankers and if they are, its usually for stealing resources |
Starburne User ID: 71161576 South Africa 04/05/2019 06:23 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's a mystery to me,why can't it just go on as is ad infinitum? Quoting: Starburne 1st world countries ie USA,Japan,Switzerland and Eurozone etc gets to print fiat as fast as the presses can roll all year long and distributes said cash at 0% interest to elites and companies for share buybacks etc and everybody claims profits at year end as markets hit record highs. Yet if a 3rd world shithole tries the same tactics ie Venezuela,Zimbabwe their economies are destroyed? Double standards? The 3rd world shitholes aren't controlled by bankers and if they are, its usually for stealing resources There it is. The greatest wealth transfer in the history of mankind is almost complete. "I have no special talent, I am only passionately curious." -Albert Einstein |
Anonymous Coward User ID: 77098949 Canada 04/05/2019 06:24 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! People's attitudes toward shopping having definitely changed since I graduated from University in the late 80s. I remember my first job working with middle- aged coworkers who were so proud they didn't want anyone to know they sometimes shopped at Zellers, (Canadian department stores similar to Walmart). One woman told me she'd be embarrassed if people knew she shopped at Zellers. In the 80s everyone was shopping at expensive stores and trying to seem rich, they called it "conspicuous consumption". I remember people insulting badly dressed people by saying they looked like a "Walmart shopper". NOW, people don't seem embarrassed at all about shopping at Walmart or other cheap stores. They're proud of NOT spending money. They even shop at thrift stores. Things have definitely changed so much since the 80s. People have changed their attitudes so much. |
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Anonymous Coward User ID: 62916506 United States 04/05/2019 06:51 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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... Quoting: condor819 [link to www.zerohedge.com (secure)] yea, generic milk is now $3.00 a gallon at walmart |
Anonymous Coward User ID: 73909644 United States 04/05/2019 07:19 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! |
BRIEF User ID: 39607259 United States 04/05/2019 07:34 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's Kinda weird for sure. It's like a tale of two cities..I know business guys saying the same thing...things are great...but then another article today said that JC Penny, Payless shoes and Lifeway (Whatever that is...) are getting ready to close another 3000 stores....Stay tuned I guess... Those stores are out of style...I go to JC Penny for Levi jeans, but that's it. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF User ID: 39607259 United States 04/05/2019 07:38 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! Welcome to the golden cross... [link to www.investopedia.com (secure)] I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF User ID: 39607259 United States 04/05/2019 07:40 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! Business miracle! Sears OPENS stores! [link to www.wsj.com (secure)] I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
BRIEF User ID: 39607259 United States 04/05/2019 07:41 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! This is so fun... JOBS JOBS JOBS [link to www.cnbc.com (secure)] I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
condor819 (OP) User ID: 76605426 United States 04/05/2019 08:12 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! Me too. My business sells to industry all over the country, we will have our best year ever this year. I have a buddy who owns a door and window company. Lots of orders coming in from contractors who have reached the stage of building where they are ready to install the doors/windows but many are telling him they don't have many contracts on the books yet for next spring...but this probably varies area to area...I'm reading articles that Manhattan real estate is tanking but you could make the argument that it had become way over priced and New York's high taxes are keeping prospective buyers away... "May you live in interesting times." |
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Larry D. Croc User ID: 70736097 United States 04/05/2019 12:59 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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. "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 |
condor819 (OP) User ID: 76805648 United States 04/06/2019 03:34 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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. True...but on the other hand... Its so much more complicated than that however.... [link to www.zerohedge.com (secure)] All this stuff ties together...look at the big picture... But I do appreciate your thoughs on this Larry D. For those of you about to post the Zero Hedge Eye Rolling Gifs in response to this please spare us...The adults are in the room talking. |
Anonymous Coward User ID: 77535188 United States 04/06/2019 03:39 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! what do you think a 45 percent tariff on chinese good would do? all your money would be competing for what? domestic made goods? can you even fathom the inflation? Trump says he spend 95% of his time on War with Iran, WAr with Venezuela, War war war. |
Anonymous Coward User ID: 77535188 United States 04/06/2019 03:44 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's a mystery to me,why can't it just go on as is ad infinitum? Quoting: Starburne 1st world countries ie USA,Japan,Switzerland and Eurozone etc gets to print fiat as fast as the presses can roll all year long and distributes said cash at 0% interest to elites and companies for share buybacks etc and everybody claims profits at year end as markets hit record highs. Yet if a 3rd world shithole tries the same tactics ie Venezuela,Zimbabwe their economies are destroyed? Double standards? Venezuela is not a shithole. at least they weren't after the socialists took over, i follow lots of people on venezuela they have a huge middle class, because of Chavez and Maduro. or at least had until US and globalist demons destroyed it. Zimbabwe is a shithole, they don't actually produce anything so they can't create money,there's nothing backing it. Venezuela was a paradise, all their electricity was hydroelectric. Free electricity, forever. produced by water flowing down rivers. Idiots just can't stand it when they find out people are living better than them. |
Anonymous Coward User ID: 77535188 United States 04/06/2019 03:47 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's a mystery to me,why can't it just go on as is ad infinitum? Quoting: Starburne 1st world countries ie USA,Japan,Switzerland and Eurozone etc gets to print fiat as fast as the presses can roll all year long and distributes said cash at 0% interest to elites and companies for share buybacks etc and everybody claims profits at year end as markets hit record highs. Yet if a 3rd world shithole tries the same tactics ie Venezuela,Zimbabwe their economies are destroyed? Double standards? Venezuela is not a shithole. at least they weren't after the socialists took over, i follow lots of people on venezuela they have a huge middle class, because of Chavez and Maduro. or at least had until US and globalist demons destroyed it. Zimbabwe is a shithole, they don't actually produce anything so they can't create money,there's nothing backing it. Venezuela was a paradise, all their electricity was hydroelectric. Free electricity, forever. produced by water flowing down rivers. Idiots just can't stand it when they find out people are living better than them. and how did Venezuelans build such a world wonder? not because they're stupid they smarter than you are by a million smart points. they aren't ruled by psychopathic criminals because they're not stupid, but you are |
Big Duke6 User ID: 77294933 Canada 04/06/2019 08:57 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! 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. |
Larry D. Croc User ID: 70736097 United States 04/06/2019 09:06 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! So your saying all (14) of the talking points in the article are fake news? Seems I have seen most of those statistics reported on in other places in the past few weeks...(FOX Business, WSJ, etc.). Let me know where I can find the economic data to dispute these points. Thx. Did you actually read the articles behind many of the "warning signs"? You'll find they're from the same blog and filled with "some people believe", "if", "could", "might", etc. "Even WalMart is Closing Stores!!!" Yeah, eight damned stores and 7 of them are the grocery stores that were a bad idea to begin with. No mention, of course, of any stores WalMart is building... "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 |