The Great 2022 and Beyond Recession Thread

[SpaceCoastVol]

My pension sure isn't ambiguous, it's stuck with a 0% cola for the rest of my life. Life under Joe Biden sucks!

You have always had a negative number COLA increase. Now that negative number is bigger. You should be thanking luther and other clowns like him.

 

[Orangeburst]

My pension sure isn't ambiguous, it's stuck with a 0% cola for the rest of my life. Life under Joe Biden sucks!

Joe is Zero Coke. Hunter is just regular Coke

 

[Rasputin_Vol]

That’s what I’m getting at. We really don’t know from just the social media chart. Always be wary of the pretty chart on social media along with it’s commentary.

If YoY inflation is 9% and sales are up 1%, all things being equal unit sales are down materially.

In the case of car sales, I’d like to see it reported in last year dollars along with an average selling price. Are people trading down in price point? Up in price point? Are units up or down?

Those are the second order questions if one is really looking for meaning behind the data.

Exactly what I was wondering with that chart. Lies, damn lies and statistics. You can twist data to create whatever narrative you want. Charts like that pray on people that are math illiterate.

 

[Rasputin_Vol]

I don't believe the sky is falling. This isn't 08. This is the beginning of a decade, IMO, of low to zero growth. The only good thing, if you can call anything good, is I don't anticipate massive layoffs outside of tech.

Now you have actually hit on two things that I had been thinking about recently. I think that your first point sounds like you are expecting a long drawn out period of stagflation that Japan had seen over the last 30 years.

On the second point, I think these tech stocks and services and media companies are going to get blasted simply because people will not be able to have the discretionary income. We will be spending more on basic necessities.

 

[Rasputin_Vol]

It is garbage in garbage out. Every metric. Just trends like poles. And that even assumes competency and truthfulness.

I would not doubt that at some point, you are going to see the Biden Administration run out a statement where they brag about GDP growing from last year to now. Not only are prices rising due to inflation, but they also include govt spending in their GDP calculations.

 

[Rasputin_Vol]

That has been my premise for a year now...Keep the sugar going and try to play catch up or take the pain for our nation's long term benefit.

HELLO..hyperinfation

You are the first person I've seen on here actually throw that out as a serious possibility.

Like I said on a post earlier, I have recently been thinking about an alternative scenario of stagflation and only the service sector, technology and media taking a big hit, but you really can't rule out hyperinflation with the amount of money printing we've been doing.

Pick your poison: Zimbabwe of the 1990s (hyperinflation) were your currency goes to s^^t quickly or Japan of the 1990s (stagflation) where you slowly bleed for a decade or more?

 

[Rasputin_Vol]

All I would guess they will do is make it look as good as possible. And they currently cannot polish this turd to better than -1.5%

They can include increased govt spending as GDP growth. That would have likely been easier to do had Build Back Better been passed, however.

 

[Orangeburst]

Now you have actually hit on two things that I had been thinking about recently. I think that your first point sounds like you are expecting a long drawn out period of stagflation that Japan had seen over the last 30 years.

On the second point, I think these tech stocks and services and media companies are going to get blasted simply because people will not be able to have the discretionary income. We will be spending more on basic necessities.

Japan had stagflation and not the worlds currency reserve. We are as you know. The differences are not even comparable to a global seismic event,
We are either too stupidly governed...or this is an agenda.

 

[Rasputin_Vol]

You have always had a negative number COLA increase. Now that negative number is bigger. You should be thanking luther and other clowns like him.

Yeah, COLA calculations have notoriously been falsely calculated just like GDP and unemployment. They will never let COLA be >= inflation.

 

[Orangeburst]

Inflation is so new to so many people that never experienced that it is going to be a propaganda show.

Supply chain vs monetary inflation..Worked out wonderfully with our gov and COVID. And frankly they caused both

 

[landscapingvol]

Inflation is so new to so many people that never experienced that it is going to be a propaganda show.

Supply chain vs monetary inflation..Worked out wonderfully with our gov and COVID. And frankly they caused both

The average middle class family had stayed relatively insulated from poor government policies for most of America up until now for the last couple of decades. They now realize what poor leadership and excessive spending can do to their bank accounts. No one is immune to this

 

[DC_Vol]

You are the first person I've seen on here actually throw that out as a serious possibility.

Like I said on a post earlier, I have recently been thinking about an alternative scenario of stagflation and only the service sector, technology and media taking a big hit, but you really can't rule out hyperinflation with the amount of money printing we've been doing.

Pick your poison: Zimbabwe of the 1990s (hyperinflation) were your currency goes to s^^t quickly or Japan of the 1990s (stagflation) where you slowly bleed for a decade or more?

We’ve got a spending problem now that is still not being taken seriously in Washington, even while staring over the cliff.

If you want to stop inflation, you must at least match interest rates with the inflation rate. What do you think the debt service will look like as interest levels push up to double digits?

This is how i see this playing out:
- The printer will be turned on to service the debt, creating a vicious cycle.
- Budget will need to be balanced with significant reductions in obligations, the most obvious entitlement spending
- potentially say goodbye to your SS
- tax increases across the board
- if we have evil enough politicians, watch out for talk of things like 401k grabs

We’re about to pay for the poor financial decisions of decades past to today.

 

[BreatheUT]

Gas prices has gone down probably $0.60 or so since this article was updated but it gives empirical evidence how this administration is intentional wrecking the economy. Mark Levin did a deep dive into the journalism of the Degrowth Movement that dates back to the 1970's currently being implemented by the radicals in the Biden Administration.




These twenty-five Biden administration policies are raising energy costs



The national average for a gallon of gas for Americans has risen to $4.86, $0.80 cents higher than it was in March.

As Americans return to work and plan summer vacations they are faced with rising gas prices. (Not to mention higher costs for electricity, home
heating, and groceries!!)

The price at the pump and for home expenses began to rise before the Russian invasion of Ukraine. At the end of 2021, President Joe Biden announced the U.S. Department of Energy will release 50 million barrels of crude oil from the Strategic Petroleum Reserve.

Energy experts told PBS interviewers that tapping the SPR won’t drive down gas prices. The decision was little more than “a drop in the ocean” when it comes to energy policy, one person said.

The decision also won’t counteract Biden administration policies that have caused rising energy costs — and that will continue to drive prices higher in the future.

Here are 25 decisions the president has made over the last year that have affected gas prices, home heating costs, and other energy-related burdens U.S. families and businesses face.

#1 and 2: Adopting new EPA oil and gas rules
In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.

#3, #4, #5, #6, #7, and #8: Restricting or impeding energy projects
One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.
The administration canceled the Keystone XL pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico (despite opposition from the Navajo Nation). It also resurrected the “Waters of the United States” rule, which would increase barriers to energy projects.
The White House is pursuing new standards for particulate matter and ozone, likely tightening them to unachievable levels for much of the country and creating new barriers for energy project permits.
The president also has rescinded Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects.

#9: Rejoining the Paris agreement
In April 2021, without the consent of Congress, Biden rejoined the Paris agreement, which will result in onerous new regulations that could raise energy costs.

#10: Appointing unaccountable energy regulators
The president has created several bodies within the White House charged with creating new policies to regulate energy. The people who run these councils are unelected and do not need Senate confirmation, but they have been given broad powers to come up with new executive actions — which do not need consent from Congress — to regulate U.S. energy producti

25 Biden policies raising gas prices and other energy costs - Americans for Prosperity

 

[Velo Vol]

 

[happy-go_vol]

Gas prices has gone down probably $0.60 or so since this article was updated but it gives empirical evidence how this administration is intentional wrecking the economy. Mark Levin did a deep dive into the journalism of the Degrowth Movement that dates back to the 1970's currently being implemented by the radicals in the Biden Administration.




These twenty-five Biden administration policies are raising energy costs



The national average for a gallon of gas for Americans has risen to $4.86, $0.80 cents higher than it was in March.

As Americans return to work and plan summer vacations they are faced with rising gas prices. (Not to mention higher costs for electricity, home
heating, and groceries!!)

The price at the pump and for home expenses began to rise before the Russian invasion of Ukraine. At the end of 2021, President Joe Biden announced the U.S. Department of Energy will release 50 million barrels of crude oil from the Strategic Petroleum Reserve.

Energy experts told PBS interviewers that tapping the SPR won’t drive down gas prices. The decision was little more than “a drop in the ocean” when it comes to energy policy, one person said.

The decision also won’t counteract Biden administration policies that have caused rising energy costs — and that will continue to drive prices higher in the future.

Here are 25 decisions the president has made over the last year that have affected gas prices, home heating costs, and other energy-related burdens U.S. families and businesses face.

#1 and 2: Adopting new EPA oil and gas rules
In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.

#3, #4, #5, #6, #7, and #8: Restricting or impeding energy projects
One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.
The administration canceled the Keystone XL pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico (despite opposition from the Navajo Nation). It also resurrected the “Waters of the United States” rule, which would increase barriers to energy projects.
The White House is pursuing new standards for particulate matter and ozone, likely tightening them to unachievable levels for much of the country and creating new barriers for energy project permits.
The president also has rescinded Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects.

#9: Rejoining the Paris agreement
In April 2021, without the consent of Congress, Biden rejoined the Paris agreement, which will result in onerous new regulations that could raise energy costs.

#10: Appointing unaccountable energy regulators
The president has created several bodies within the White House charged with creating new policies to regulate energy. The people who run these councils are unelected and do not need Senate confirmation, but they have been given broad powers to come up with new executive actions — which do not need consent from Congress — to regulate U.S. energy producti

25 Biden policies raising gas prices and other energy costs - Americans for Prosperity

Wow. Unbelievable but Trump means tweets are way worse.

 

[headhunter15]

So it’s again his economy.

 

[Orangeburst]

Transitory Employment

 

[BreatheUT]

So it’s again his economy.

The Biden administration hasn't enacted a single policy that has created jobs I can think of. Companies have been thirsty to get employees back since they went home for covid. We've been talking for the last year where has all the employees been since we been getting bad service in most sectors because of the lack of staff.

 

[utvolpj]

https://www.cnbc.com/2022/08/15/us-is-in-housing-recession-homebuilders-say.html

The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points to 49 this month, its eighth straight monthly decline. Anything above 50 is considered positive. The index has not been in negative territory since a very brief plunge at the start of the Covid pandemic. Before that, it hadn’t been negative since June 2014.

“Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession,” said NAHB Chief Economist Robert Dietz.

 

[Ashevolle]

The Biden administration hasn't enacted a single policy that has created jobs I can think of. Companies have been thirsty to get employees back since they went home for covid. We've been talking for the last year where has all the employees been since we been getting bad service in most sectors because of the lack of staff.

If it's a free market, why should the government meddle? Employers can't find employees? Offer more attractive wages and benefits...

 

[BreatheUT]

If it's a free market, why should the government meddle? Employers can't find employees? Offer more attractive wages and benefits...

They can get out the way.

 

[Ashevolle]

They can get out the way.

So why are you complaining that their not enacting the policy you want? Pick a lane homie.

 

[BreatheUT]

So why are you complaining that their not enacting the policy you want? Pick a lane homie.

 

[Orangeburst]

US Mortgage Lenders Are Starting to Go Broke

 

[Fun coupon VOL]

US Mortgage Lenders Are Starting to Go Broke

Mortgage lenders are scaling back big time. Banks are already letting go a large portion of their consumer side.