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2023-06-24 Economy

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Posted by Besoeker 2023-06-24 07:29|| || Front Page|| [12 views ] Top

#1 If our nation's economy can survive the current administration, just think what it might do when the SOB's are finally gone !

Posted by Besoeker 2023-06-24 07:44|| 2023-06-24 07:44|| Front Page Top

#2 ...If we somehow avoid a recession, no one will be happier than I - but the Fat Lady ain't sung just yet...

Mike

Posted by Mike Kozlowski 2023-06-24 07:52|| 2023-06-24 07:52|| Front Page Top

#3 When the federal government is deficit spending an additional $1.5 trillion/year, you have to screw up extra special to fall into a recession.

Posted by Enver Slager8035 2023-06-24 08:05|| 2023-06-24 08:05|| Front Page Top

#4 If you buy government statistics, I have a bridge to sell to you.

Posted by Procopius2k 2023-06-24 08:43|| 2023-06-24 08:43|| Front Page Top

#5 I am amazed that pundits out there talk as if we are not [yet] in a recession.

I'm not sure where they live or from which planet they hail, but it baffles me. Lending is drying up; housing and rental prices (in general, specific locations are different) are beginning to come down; and commercial real estate is an absolute mess.

And all of those people with student loans (payments begin in a few months), what did they do with the money not going to paying down the debt? Well, like good Americans, they spent it, much like they did with their stimulus checks (a Trump-Biden production there).

Credit card debt is through the roof.

And as I drive along one road here, every now and then I'll see yet another business shuttered for good.

No, no recession here. No, sir-ee.

Posted by DooDahMan 2023-06-24 08:49|| 2023-06-24 08:49|| Front Page Top

#6 they'll just redefine "Recession"

Posted by Frank G 2023-06-24 08:51|| 2023-06-24 08:51|| Front Page Top

#7 /\ Number 6, spot on !

Posted by Besoeker 2023-06-24 08:52|| 2023-06-24 08:52|| Front Page Top

#8 P.S. - Re: student debt. I admit when I saw these statistics that I was a bit surprised.

Breakdown of student loans by age group:

< 25 - 6.4%
35-49 - 38.7%
50+ - 24.5%

And all that will affect retail and consumer discretionary spending. The snowball will be getting bigger soon enough.

Posted by DooDahMan 2023-06-24 08:54|| 2023-06-24 08:54|| Front Page Top

#9 Hehe, indeed, Frank G, indeed.

Posted by DooDahMan 2023-06-24 08:55|| 2023-06-24 08:55|| Front Page Top

#10 What #4 P2K said. Selective or creative statistics are at play here.

Posted by JohnQC 2023-06-24 09:42|| 2023-06-24 09:42|| Front Page Top

#11 Recessions only occur during Republican administrations. So the next downturn can occur in 2024 at the earliest.

Posted by Airandee 2023-06-24 10:36|| 2023-06-24 10:36|| Front Page Top

#12 Kind of like Clinton taking credit for the good economy due to Reagan's tax cuts.

Posted by DooDahMan 2023-06-24 10:40|| 2023-06-24 10:40|| Front Page Top

#13 Dittos to #4 & #6

Welcome to the New Speak dictionary and math.

Posted by AlanC 2023-06-24 10:50|| 2023-06-24 10:50|| Front Page Top

#14 Local food assistance program has doubled its customers, if that's what they mean.

Posted by swksvolFF 2023-06-24 11:50|| 2023-06-24 11:50|| Front Page Top

#15 they'll just redefine "Recession"

...and they'll quietly 'revise' quarterly GDP stats when they think no one's looking.

Posted by Raj 2023-06-24 11:57|| 2023-06-24 11:57|| Front Page Top

#16 Fed Bank of Atlanta has a habit of doing that with CPI.

Posted by DooDahMan 2023-06-24 12:28|| 2023-06-24 12:28|| Front Page Top

#17 If you buy government statistics, I have a bridge to sell to you.

It will be interesting to see what the usual restatement of last month’s numbers looks like next month — whether, in fact, the ongoing recession as usually defined turns out to have been continuing, after all.

Posted by trailing wife 2023-06-24 12:45|| 2023-06-24 12:45|| Front Page Top

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