|
|
Joined: Sep 2021
Posts: 4,184 Likes: 11
Campfire Tracker
|
OP
Campfire Tracker
Joined: Sep 2021
Posts: 4,184 Likes: 11 |
The University of Michigan Survey of Consumers sentiment index for May posted an initial reading of 67.4 for the month, down from 77.2 in April and well off the Dow Jones consensus call for 76. The move represented a one-month decline of 12.7%.
The one-year inflation outlook jumped to 3.5%, up 0.3 percentage point from a month ago to the highest level since November 2023.
Average for 30-year loans drops to 7.09%, Freddie Mac says.
US weekly jobless claims highest in more than eight months as labor market eases.
Household Debt Reaches $17.5 Trillion in Fourth Quarter; Delinquency Rates Rise.
Total household debt rose by $212 billion to reach $17.5 trillion in the fourth quarter of 2023.
Bidenomics is working - to break the backs of Americans.
Si Vis Pacem, Para Bellum
|
|
|
|
|
Joined: Sep 2003
Posts: 23,560 Likes: 21
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2003
Posts: 23,560 Likes: 21 |
They are going to snap the economy to get inflation down.
|
|
|
|
|
Joined: Sep 2021
Posts: 4,184 Likes: 11
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Sep 2021
Posts: 4,184 Likes: 11 |
Nothing like a deep dive into recession to ease an inflated economy. Fun times ahead.
Thanks alot Joe.
Si Vis Pacem, Para Bellum
|
|
|
|
|
Joined: Nov 2008
Posts: 8,722 Likes: 6
Campfire Outfitter
|
Campfire Outfitter
Joined: Nov 2008
Posts: 8,722 Likes: 6 |
Yep gonna have to happen. Not only mortgage rates that went up, but my house value has gone up 130% in 3 years.
Swifty
|
|
|
|
|
Joined: Feb 2001
Posts: 8,800 Likes: 7
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2001
Posts: 8,800 Likes: 7 |
![[Linked Image]](https://upload.wikimedia.org/wikipedia/commons/e/ea/Logo_Schmidt_%26_Bender.jpg) Only accurate rifles are interesting.
|
|
|
|
|
Joined: Apr 2004
Posts: 42,936 Likes: 16
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Apr 2004
Posts: 42,936 Likes: 16 |
"Minus the killings, Washington has one of the lowest crime rates in the Country" Marion Barry, Mayor of Wash DC
“Owning guns is not a right. If it were a right, it would be in the Constitution.” ~Alexandria Ocasio Cortez
|
|
|
|
|
Joined: Sep 2003
Posts: 23,560 Likes: 21
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2003
Posts: 23,560 Likes: 21 |
Yep gonna have to happen. Not only mortgage rates that went up, but my house value has gone up 130% in 3 years. What would be worse for to you? 3-4% inflation rate or losing all the gains you made on your house?
|
|
|
|
|
Joined: Sep 2021
Posts: 4,184 Likes: 11
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Sep 2021
Posts: 4,184 Likes: 11 |
Wage growth has lagged inflation. So paying for one's house become increasingly unsustainable and as a result mortgage delinquency and defaults begin to rise and the whole housing market crashes - just as they are now. So it's not really an either/or situation.
Si Vis Pacem, Para Bellum
|
|
|
|
|
Joined: Nov 2023
Posts: 381 Likes: 5
Campfire Member
|
|
Campfire Member
Joined: Nov 2023
Posts: 381 Likes: 5 |
If you mean an inflation rate of 3-4% per year, they are both horrible. Indicative of a depreciating value of the dollar and increasing inflation.
|
|
|
|
|
Joined: Nov 2008
Posts: 8,722 Likes: 6
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Nov 2008
Posts: 8,722 Likes: 6 |
Yep gonna have to happen. Not only mortgage rates that went up, but my house value has gone up 130% in 3 years. What would be worse for to you? 3-4% inflation rate or losing all the gains you made on your house? The only things that gain does for me is raise my taxes and insurance costs. If the value went back down to 3 years ago I wouldn’t give a damn.
Swifty
|
|
1 member likes this:
shootbrownelk |
|
|
|
|
Joined: May 2010
Posts: 14,991 Likes: 4
Campfire Outfitter
|
|
Campfire Outfitter
Joined: May 2010
Posts: 14,991 Likes: 4 |
--- CAUGHT IN THE CROSSFIRE --- A Magic Time To Be An Illegal In America---
|
|
|
|
|
Joined: Jul 2013
Posts: 1,111 Likes: 5
Campfire Regular
|
|
Campfire Regular
Joined: Jul 2013
Posts: 1,111 Likes: 5 |
They are going to snap the economy to get inflation down. happens every time.....bob
|
|
|
|
|
Joined: Jul 2013
Posts: 1,111 Likes: 5
Campfire Regular
|
|
Campfire Regular
Joined: Jul 2013
Posts: 1,111 Likes: 5 |
Nothing like a deep dive into recession to ease an inflated economy. Fun times ahead.
Thanks alot Joe. some times I feel I am the only one who has been through recessions before.....thanks a lot super cheap money.....bob
|
|
|
|
|
Joined: Jan 2017
Posts: 8,957 Likes: 6
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jan 2017
Posts: 8,957 Likes: 6 |
Got an unsolicited e-mail from Jill biden today offering me a chance to meet her and Joe... from this number 3024464756 and a hot mail addy for the chance to meet her and Joe https://bfptx.com/3QdNGX . Lol I'm sure some here will jump on that. Mb
" Cheapest velocity in the world comes from a long barrel and I sure do like them. MB "
|
|
|
|
|
Joined: Nov 2007
Posts: 47,276 Likes: 15
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Nov 2007
Posts: 47,276 Likes: 15 |
Wage growth has lagged inflation. So paying for one's house become increasingly unsustainable and as a result mortgage delinquency and defaults begin to rise and the whole housing market crashes - just as they are now. So it's not really an either/or situation. Sold mine.
God bless Texas-----------------------
Old 300
I will remain what i am until the day I die- A HUNTER......Sitting Bull
Its not how you pick the booger..
but where you put it !!
Roger V Hunter
|
|
|
|
|
Joined: Nov 2015
Posts: 15,511 Likes: 29
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2015
Posts: 15,511 Likes: 29 |
|
|
|
|
|
Joined: Dec 2013
Posts: 44,812 Likes: 28
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,812 Likes: 28 |
Yep gonna have to happen. Not only mortgage rates that went up, but my house value has gone up 130% in 3 years. What would be worse for to you? 3-4% inflation rate or losing all the gains you made on your house? The only things that gain does for me is raise my taxes and insurance costs. If the value went back down to 3 years ago I wouldn’t give a damn. If you are not planning to sell and move, it's only on paper. It does not mean a damn thing. But, everything else around you has inflated.. Like taxes and insurance, as you mentioned. I am in the same boat.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
|
|
|
|
|
Joined: Dec 2019
Posts: 3,803 Likes: 2
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2019
Posts: 3,803 Likes: 2 |
When the fire needs to be let to burn down, it’s not a good idea to keep printing money to throw on the flames.
Nearly anyone can understand that.
Maybe that’s the final plan, devastate right up to the election then hand the dumpster disaster over to Trump. Certainly would explain a lot.
Osky
A woman's heart is the hardest rock the Almighty has put on this earth and I can find no sign on it.
|
|
|
|
|
Joined: Jul 2013
Posts: 1,111 Likes: 5
Campfire Regular
|
|
Campfire Regular
Joined: Jul 2013
Posts: 1,111 Likes: 5 |
When the fire needs to be let to burn down, it’s not a good idea to keep printing money to throw on the flames.
Nearly anyone can understand that.
Maybe that’s the final plan, devastate right up to the election then hand the dumpster disaster over to Trump. Certainly would explain a lot.
Osky the fed slashed rates in 2008, when the economy turned around no one... including trump tried to reign it in. makes the president look better when the economy is on fire. easy to do when rates are so low. there has been housing crashes before, in fact one could say these interest rates are not that bad....but everyone got used to low,low rates and wants them back.......inflation follows cheap money....while fjb is a pos, this isn't all his making by a long shot. some posters...not you... need to read a little bit to get things in perspective ....bob
|
|
|
|
|
Joined: Nov 2007
Posts: 29,698 Likes: 6
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2007
Posts: 29,698 Likes: 6 |
No mean tweets it’s good enough for the sheeple!
|
|
|
|
|
562 members (10gaugeman, 1lesfox, 160user, 1beaver_shooter, 219DW, 10gaugemag, 66 invisible),
3,478
guests, and
1,191
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,194,636
Posts18,533,469
Members74,041
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
![[Linked Image from i.postimg.cc]](https://i.postimg.cc/wM38V6qW/100319.png)
