The economy they (apparently) voted for;
The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday shows credit card balances jumped 15% from the third quarter of 2021, representing an increase not seen in more than 20 years.
@WallStreetSilv – 🚨 Normally Amazon would be gearing up for Cyber Monday and the Christmas shopping season. The fact that these layoffs are coming BEFORE the holidays is just about the biggest recession signal you will ever see.
Ah, Step 13 of left-wing talking points:
1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
2) there is no inflation, like we said
3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
7) the government has a plan for inflation if it ever really becomes a for real problem for real people
8) you’ll love wage and price controls…
9) its corporate greed that somehow didn’t exist two years ago, just started overnight
10) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
11) overturning Roe will damage the economy
12) CTRL/H inflation/stagflation
13) CTRL/H stagflation/recession
14) CTRL/H recession/New Great Depression
Note: blame the Republicans is taken for granted for being 1a), etc.
Can you imagine the exploding heads if Trump or Harper had tried any of the above?
If it wasn’t for double standards, the media wouldn’t have any standards at all.
The marginal consumer is tapped out, even if they still have a job. Rising consumer prices necessitate a rising credit card balance. Even my RBC advisor, who is normally a cheery “everything is great” guy, is pretty sombre these days. He’s calling for a recession now. When the mainstream guys start admitting it, you know that we’re already in one.
We are already in a recession.
The Climate Professors claim we know everything we need to know to fix the problems.
OK, fire them. Close their department.
They are no longer needed.
Cheers.
Hmmm, should I buy that ________ from Amazon or get some food for the family?
About 16 months ago:
https://globalnews.ca/news/8069823/inflation-bank-of-canada-governor/
“It was the third consecutive month that inflation remained above three per cent – the top of the bank’s one-to-three per cent control range. In the newspaper column, a medium rarely used by the Bank of Canada, Macklem said inflation will be back within the target range by next year.”
He’s probably stupid enough to be in Juthtin’s Cabinet of Fools. (Not to be confused with Juthtin’s Dresser of Thilly Thockth.)
We need a recession to clean out stupid money and stupid people. Do this is a good sign. Gotta cull the herd to have a healthy herd.
Agreed! In my own life experience, recessions happened every 8-10 years. The western world should have had a recession in 2018 (10 years after 2008’s financial crisis). But that did not happen and my daughter (who is so smart) told me that the world is “different” now. I am predicting a particularly “nasty” recession this go-around.
Our father told us to own the roof over our heads, own our cars and take care of them, pay off your credit cards every month and do not rely on the government to be your boyfriend. Sadly, many people have done the opposite of this advice.
We’ve gone one step further. We live in the country and generate most of our own power and heat. We’ve batteries and I can run my Tesla off them for 7 months of the year.
Big gardens etc.
We are well set up.
Trump warned, last night, that we are moving into TWO YEARS of massive economic PAIN. It’s hardly a bold prediction … it’s quite obvious to anyone paying half attention. By 2024 … most of America will be BEGGING for a return to Pax Trumpana
Oh!
And just as a reminder … kiddos. You WON’T be receiving a $10,000.00 forgiveness of your college loans … however … Bidinh’s handlers ARE giving ANOTHER $38 Billion to Ukraine. For some reason. Priorities.
Trump is smarter than legions of credentialed liberals, we can likely take his predictions to the bank – if there still is a bank…