Bidumbnomics

[Fernando]

What a bizarre Pollyannaish statement. Home prices are thru the roof, affordability is the lowest ever, If there are so many jobs, then why are people working 2 and 3 jobs? It is because they are not making it... and so many see no reason to try and work when they are going in the hole anyway. And by running off corporations, Biden has created even less opportunity. Hispanic unemployment is up. Black unemployment is up. Yeah, right. Tell those 50+ workers to go learn to code...

I'm surprised as you in how the dire real estate market has not put a significant damper in our economy and stock market.
Mortgage rates went down today which is a great sign of better things coming.

Compared to other countries, at least Americans have jobs to pay the bills. Other countries are in terrible economic state with high unemployment with less or no income.
Relatively speaking, Americans are doing MUCH better.

 

[Terrel L. Shields]

are doing MUCH better.

Than what? Their buying power is down. Huge swath of buyers are now priced out of the RE market. Renters are in a financial bind. Buyers remorse abounds. Remember the depression years played out over 10 years. The Crash of 29 was just the beginning. Banks failed wiping out depositors and bank robbery was a secondary cause of banks closing. A big recession hit in 1937. It was war that put people back to work. Seems that's Biden's playbook. Let's slaughter a bunch of people by proxy wars while building and selling them the tools to do it with.

 

[Fernando]

Than what? Their buying power is down. Huge swath of buyers are now priced out of the RE market. Renters are in a financial bind. Buyers remorse abounds. Remember the depression years played out over 10 years. The Crash of 29 was just the beginning. Banks failed wiping out depositors and bank robbery was a secondary cause of banks closing. A big recession hit in 1937. It was war that put people back to work. Seems that's Biden's playbook. Let's slaughter a bunch of people by proxy wars while building and selling them the tools to do it with.

Early this year, many talked about recession later this year. It didn't happened.
Our economy is stronger than many expected.
No one is starving in America. There are socialist programs to help the poor unlike the Depression period.
Why do you think everyone wants to come to America. It's a good time to be an immigrant.

 

[Terrel L. Shields]

It's a good time to be an immigrant.

It's a good time to throw their azzez out of the country.

 

[OSU Beavers]

Massive federal fiscal spending offset The Feds monetary tightening. That is why the official recession was postponed until April 2024. The current rolling recession is killing one sector at a time.

 

[Fernando]

It's a good time to throw their azzez out of the country.

Those immigrants must be in a bad place to upchange their lives to a new country.
They are the risktakers which have and will make America greater.

 

[Terrel L. Shields]

Those immigrants must be in a bad place to upchange their lives to a new country.
They are the risktakers which have and will make America greater.

No they are not. 90% are poorly educated and unskilled. The immigrants we need are engineers, doctors and well educated. We have enough roofers, chicken catchers, janitors, & gardeners. Further without vetting we get not only the dregs of society plus criminals fleeing proscution in their home country. Mexican immigrants are a smaller % than ever before. We have Asian, African, S & Latin American, and Middle Eastern illegals passing through Mexico along with spies, and terrorists. Thousands of people are caught every month with criminal backgrounds. How many did we not catch?

 

[Fernando]

The world sees America as the land of opportunity. Many want to come because of our great economy relatively speaking.
The new comers are the risk takers and usually work harder to better their lives
Some countries are having a zero or negative population growth which will hurt their future and not just economic terms.
There are negative but also positive aspects.

 

[Dublin ohio]

The world sees America as the land of opportunity. Many want to come because of our great economy relatively speaking.
The new comers are the risk takers and usually work harder to better their lives
Some countries are having a zero or negative population growth which will hurt their future and not just economic terms.
There are negative but also positive aspects.

So great economist. Tell me where the millions of unskilled and under educated people are going to work?

 

[Fernando]

So great economist. Tell me where the millions of unskilled and under educated people are going to work?

Jobs that many Americans don't want to do.