As you dig deeper, you realize how disburbing it is
That article is over 2 years old, any impact on the stock market occurred last year.
This is a dangerous game being played with our money, and regardless of what the Fed does at their end, congress will dump another 1.3 Trillion dollars of money printed out of thin air into our economy, this is inflationary and is killing the middle class, living standards in the US are declining as peoples money buys less.
dude, how would you deal with inflation?
After inflation, the next crisis I see affecting the quality of life here in the US is the growing shortage of Doctors. The baby boom generation contains over 40% of practicing doctors and by the end of this decade nearly all will be retired. New doctors are not being trained in large enough quantity to replace the retired doctors, this is a looming crisis that you never hear anyone from either party talk about.
Soon only the wealthy will have unlimited access to healthcare, for everyone else it will be ration and for some not available at all
Hey Dennis. You’re correct. I posted the article to help us all understand the TGA and what could happen with a US Treasury debt/Tbills issuance.
Another article that maybe helps better explain what’s happening.
Powell seems to think millions of people need to lose jobs for inflation to come down. I don’t agree with that. But I’m not an economist.
I would rate economist up there with witch doctors,
And if millions must lose their jobs why is only the private sector to bear this burden, how about all those nonessential government workers lose their jobs too
The government caused this mess but it is the people outside of government that will pay the price.
And when those millions do lose their jobs, will the government just offer enhanced unemployment benefits as they did for those effected by the government shutting down private business during the china virus crisis.
Talk about a dog chasing its tall
As a result, there will be a bigger unemployment crisis, states will need more federal assistance, and so forth, from
Welfare or temporary assistance for needy families (TANF
Help with utility bills
Here is a link for anyone who has lost their job and needs assistance
Reading this thread from the beginning just to see what people thought at the beginning, I have to say this guy knows what he’s talking about.
These numbers are so convoluted why even put them out, 400K lost jobs while the economy added 300K jobs. And if you were to ask for a list of those people occupying those 300K newly created jobs, there is no list, these numbers are just the results of a survey.
In the report they also say the US government added 50K jobs, knowing my government, this number I might actually believe, adding government jobs while at the same time trying to drive up private sector unemployment. This is why I say #1 enemy of the people is the US government
I don’t know if this guy cares, scaremongering or what, but the constant negativity from a person will not change the economy, but fear and panic will only make it worse. We have to stay calm and maybe the system will find a solution
As frightening as economic crises like recessions and hyperinflation can be, so too can natural disasters. Invoking any of these fears to manipulate people is called fear-mongering.
I don’t trust the guy, went thru previous post, you would think America is the worst country in the world, also i discover they was calling people TDS when the guy was in office ,Imagine being attacked if you tried to criticize a sitting president. I digress
1 Samuel 8
10 Samuel told all the words of the Lord to the people who were asking him for a king. 11 He said, “This is what the king who will reign over you will claim as his rights: He will take your sons and make them serve with his chariots and horses, and they will run in front of his chariots. 12 Some he will assign to be commanders of thousands and commanders of fifties, and others to plow his ground and reap his harvest, and still others to make weapons of war and equipment for his chariots. 13 He will take your daughters to be perfumers and cooks and bakers. 14 He will take the best of your fields and vineyards and olive groves and give them to his attendants. 15 He will take a tenth of your grain and of your vintage and give it to his officials and attendants. 16 Your male and female servants and the best of your cattle[c] and donkeys he will take for his own use. 17 He will take a tenth of your flocks, and you yourselves will become his slaves. 18 When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day.”
Three thousand years later and what has change?
Here is a story that really hits home, as a home owner in Florida, I know how hard it is to get insurance and if you can get insurance it could be half your mortgage payment. This is a real problem and not just in Florida. What is the answer? I am open to suggestions
As this is a problem in both blue and red states the issue is not who is the governor,
I’m with Citizens in Florida. My homeowners insurance is up 25% this year…(says the guy on a fixed income)
My renewal hit 50%. Granted, home value has skyrocketed. but I can’t believe replacement costs are anywhere near that high. Ended up switching cars, camper and house to State Farm and saved on all but the camper.
In Florida, FMV is capped at 3% a year, so that wasn’t it here.
FL is a different beast.
They can’t get any company to insure here. They come and go yearly.
I can understand a company not wanting to insure homes along the coast but why pull out of the whole state, I have owned three different homes in the center of the state and have never filed a claim. There needs to be an answer but no one wants to step forward and fix it, easier just to blame the insurance companies
NONE of the Auto Insurance company’s sell homeowners in the state. Someone proposed once if you are allowed to sell Auto in FL, you have to sell HO. Sounded like a game of chicken, with the insurance companies winning, of course.