The Economy

[Wilson23]

Land Rovers......Suburbans are for the poors and fuckin' whitee who shouldn't be allowed to have any property anyhow because their skin color, but it's everyone else who's the REAL racist!! Just ask a Democrat.

Be careful there . . . never go full this.

 

[Chadrone]

Be careful there . . . never go full this.

I'm mocking democrats, not becoming one.

 

[dmallord]

My predictions have been pretty close on average.

I predicted the Letitia James conviction would be dropped and I was right.

I'm not going to waste my time posting all kinds of facts and figures, these facts are available on the net. The fact you choose to point out an exception to the rule concerning your home sales doesn't change the widespread malaise in the housing market.

There's this;

"Under President Biden, the U.S. housing market has seen skyrocketing home prices and mortgage rates, leading to severe affordability crises, with median prices and monthly payments more than doubling due to inflation and low inventory. In response, the administration proposed major initiatives like down payment assistance for first-generation buyers, tax credits to help current owners sell and new buyers purchase, and plans to boost construction, aiming to tackle the housing supply shortage and "lock-in" effect."

Propositions and plans are not policies, just more pie in the sky bullshit from the Biden administration.

I'll leave it at that. Tired of arguing with dipshits suffering from acute TDS, not worth the time or effort.

Died trying to defend the Trumpet, did you here? No shame in falling on your sword said a guy in the old Fire Fly Sci-Fi show.

I did point out a few facts an they are not exceptions to the rule. You're right about the widespread malaise - Trump has fueled that so say most Americans if his disapproval rating is any indicator or... factoid.

Biden offered solutions according to your post. Trump has yet to have a concept of a plan for one. Thee is that and no one is suffering from acute TDS; in your dreams, maybe.

 

[dmallord]

Dmallord,......the interest rates were 7% in 1977 as they are at the present.....you seem to blame Trump for your ills... maybe take a step back and view the entire "picture"... here some things to ponder...not being snarky okay?
The average price of a home in 1977 was about 40,000 dollars the average yearly wage was around 15,000 (now this is off the cuff figuring).. the house payment about 300-350 a month, on a home at the present 2500-3000....average wages are 60,000, that's 5000 a month, the deference is in 1977 the house payment used about 25-30% of the monthly income at the present the house payment consumes 50-60% of the monthly income.....
That being said inflation of the fiat money has, for the most part driven the price of housing out of reach, yes housing demand has contributed a fair amount as well. But it is inflation that drives the increase in home prices...
There's much more to this shit storm..... how do I know? My sister to whom I'm very close to, builds high end custom homes, she's a developer and the shit she tells me about the real-estate market is amazing.....
The biggest, most predominant problem in the housing industry is that wages over the last 35-40 years have not kept pace with inflation..... there many reasons for this .... cheap labor from the illegal alien market, cheap labor imported from turd world nations using the h1 visa program then 15-20 years ago near destroyed the white collar demographic...and so it goes.....
Here's a few more things to ponder.....(for your viewing pleasure) 60% of the cars on the road are lease agreements, ask about how many subscriptions a person pays out every month, notice what people purchase at the store, ie bottled water snacks, prepared foods, how do they shop for insurance? Or clothing..... notice what they purchase in a convenience store after purchasing fuel.....
This shitfuckery has been festering long before the Trump Administration...stop blaming him for the ills of this country, also dig around and learn how much money has been pissed away through foreign aid (congress just approved 400 billion more for Ukraine) and so it goes.... anyway if you want to visit more about this just say as much......good luck on your home sale anyway...

NIce. But past era issues are not getting resolved today. In fact Trump isn't resolving any at the present, though he promised the moon on day one. If that's finding fault with him for lying about his claims, then that's on him.

I bought a house at 12% once and refinanced the next year at 6%. Talk about crazy times in the 80's. Still people were buying. It was the outlook at the time and people had jobs not excepting the to vanish due to a wacko president's posture on the economy.

I'm hanging in on the sales. Nothing I can do except a fire sale event. End of life stuff kicking in.

 

[Bray123]

Interesting factoid. Some (D) states are crafting new tax rules to offset Trump's no tax on tips and overtime, once again attempting to fuck over their constituency to get at Trump. Democrats are evil.

overview;

"Several states have moved to ensure they continue collecting state income tax on tips and overtime pay:

• Colorado will require an "add-back" for the federal overtime deduction on state tax forms.
• Illinois will likely update its forms to require an add-back for federally exempt tip and overtime income.
• Maine explicitly rejected deductions for tips and overtime.
• New York will continue taxing tips and overtime pay by adding new codes for the amounts deducted federally.
• Washington D.C. decoupled from a dozen federal provisions, including those related to tips and overtime, to address expected revenue loss.

Conversely, some states, like North Dakota and Montana, allowed the federal tax breaks to flow through, absorbing the impact on state revenue. Michigan is the only state where lawmakers actively voted to link to the new deductions.
In essence, states are making independent decisions based on their own fiscal situations and political priorities, with several "blue" (Democrat-run) states opting to maintain their existing tax base to prevent a loss of state revenue."

The purpose behind the 'no taxes on tips' is so that billionaires can pretend that a portion of their income (that they can't pretend is 'stock option' or other tax avoidance schemes) is actually a gratuity and thus pay even less tax. That will enable them to buy another private island someplace where they can employ Venezuelans at pitiful salary (or maybe even another vanity space trip).

It has nothing to do with hotel cleaning staff.

In the meantime job losses are currently higher than during the Great Depression and you're fine with that.

 

[Bray123]

https://imgur.com/WU6hP2H

 

[heathrowinneo]

https://imgur.com/WU6hP2H

There is alternate universe and facts that trump and company are pushing then there is real life where consumers and businesses have to deal with rising prices and increased costs.

Trump said to make America affordable again. Great! Start with tariffs, get rid of them. Expand and update the electric grid and increase wind and solar energy. Its a start.

 

[MajorRewrite]

Good news.

Millions of workers will get a raise soon as new minimum wage laws kick in

On Jan. 1, minimum wage rates will climb in 19 states and 49 cities and counties across the US.

Many will reach or exceed $15 minimum wage for some or all employees, and a few will reach or exceed $17 an hour.

In Denver, for example, the hourly wage will bump to $19.29 from $18.81 — far higher than the state minimum wage of $15.16.

Arizona’s minimum wage, for example, will bump to $15.15 an hour from $14.70. Nebraska workers will see a raise from $13.50 to $15 an hour; New York City will climb from $16.50 to $17. Missouri will go to $15 from $13.75. In New Jersey, the wage floor for long-term care workers will rise to $18.92 an hour from $18.49.

To put all of this in perspective: An estimated 26 million workers are paid less than $17 per hour, roughly 18% of the US workforce, according to a report from the Economic Policy Institute (EPI).

In fact, the minimum wage is $7.25 in 20 states.

West Virginia and Mississippi are two of the states with $7.25 minimum wages still. They are committed to staying at the bottom of the economic barrel.

 

[DeluxAuto]

What?

 

[MajorRewrite]

View attachment 2582571

What?

That is peak Petulant Man-Baby.

“The New York Times is mean to me! That means they are seditious and treasonous! They should cease publication! Thank you for your attention to this matter.”

 

[MajorRewrite]

The Fed cut its target interest rate.

And the Fed is restarting quantitative easing.

Both moves are signs of concern about Trump’s economy.

The Fed concludes the year with a job market that has softened and inflation remaining roughly a full percentage point above the central bank’s 2% goal.

In a press conference following the meeting, Fed Chair Jerome Powell called it "a challenging situation."

 

[oryginalny]

The Fed cut its target interest rate.

And the Fed is restarting quantitative easing.

Both moves are signs of concern about Trump’s economy.

Dumbass ReeTard Knee Grow didn't listen to the Press Conference of Powell

Loser

 

[Lazaran]

The Fed cut its target interest rate.

And the Fed is restarting quantitative easing.

Both moves are signs of concern about Trump’s economy.

What many people don’t understand is that businesses did a second round of bulk purchases when there was a temporary break in the tariff war.

NOW the second round of bulk orders of cheap (relatively) products are running out, and businesses are going to have to pass the rising costs on to consumers.

Inflation IS going to rise precipitously next year, as DonOld can’t really TACO his way out of the new economic reality he created.

The expected spike in inflation THIS YEAR was only delayed by DonOld’s TACO tactics. And DonOld alienating trading partners, coupled with the push for AI & automation is causing unemployment to spike, right as more boomers are retiring (or planning to).

Fed Chair Powell has ZERO good options, because DonOld & the MAGAt republicans have taken them all away.



We. Told. Them. So.

 

[ll74]

Did you hear? We need to only buy one pencil going forward.

 

[briancamdudetenger2018]

the economy in usa and here in canada and around the world are still crazy

 

[schism666]

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