Biden’s economy

[Anonymous]

If true, the election. Is over. Trump wins in a landslide

[Anonymous]

Nothing to see here people... FOUR MORE YEARS!

[Anonymous]

Anonymous wrote:If true, the election. Is over. Trump wins in a landslide

Yeah, not really.

[Anonymous]

Anonymous wrote:If true, the election. Is over. Trump wins in a landslide

The Trump policies would make it worse.

[Anonymous]

Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

[Anonymous]

Credit card delinquency rates at Discover Financial, the 6th largest credit card issuer in America, just spiked to 2008 levels, according to Reventure.

At Discover, credit card delinquency rates in Q1 2024 jumped from 4.7% to 5.7% in Q1 2024.

To put this in perspective, delinquency rates going into 2022 were at just 1.5%.

This means that delinquency rates are nearly 4 TIMES higher than they were just 2 years ago.

Americans are still spending at record levels even as savings have been depleted.

Are we in a credit card debt bubble?

[Anonymous]

Anonymous wrote:Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

Who appointed Powell?

[Anonymous]

Anonymous wrote:Credit card delinquency rates at Discover Financial, the 6th largest credit card issuer in America, just spiked to 2008 levels, according to Reventure.

At Discover, credit card delinquency rates in Q1 2024 jumped from 4.7% to 5.7% in Q1 2024.

To put this in perspective, delinquency rates going into 2022 were at just 1.5%.

This means that delinquency rates are nearly 4 TIMES higher than they were just 2 years ago.

Americans are still spending at record levels even as savings have been depleted.

Are we in a credit card debt bubble?

We are in some sort of bubble, anyone who has sense has stopped spending as much but it seems a lot of people just want to YOLO and keep up with the Joneses, no matter how much debt they are in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Credit card delinquency rates at Discover Financial, the 6th largest credit card issuer in America, just spiked to 2008 levels, according to Reventure.

At Discover, credit card delinquency rates in Q1 2024 jumped from 4.7% to 5.7% in Q1 2024.

To put this in perspective, delinquency rates going into 2022 were at just 1.5%.

This means that delinquency rates are nearly 4 TIMES higher than they were just 2 years ago.

Americans are still spending at record levels even as savings have been depleted.

Are we in a credit card debt bubble?

We are in some sort of bubble, anyone who has sense has stopped spending as much but it seems a lot of people just want to YOLO and keep up with the Joneses, no matter how much debt they are in.

Well, people start dumping boats, 2nd homes, RVs, etc when the music stops. That's when you want your dry powder ready.

The EV price declines are kinda shocking tbh.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

Who appointed Powell?

Biden

[Anonymous]

Anonymous wrote:

Anonymous wrote:If true, the election. Is over. Trump wins in a landslide

Yeah, not really.

+1 Nobody cares about high interest rates.

[Anonymous]

The proper signals in the economy have stopped working properly. That's why it's difficult to make sense of the numbers.

Interest rates will NOT be going down. They are having trouble auctioning off treasuries right now and are failing to attract buyers.

That can be show stopping. So no, interest rates may stay still for a little bit, but they're going up soon enough and so is everything people live on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Credit card delinquency rates at Discover Financial, the 6th largest credit card issuer in America, just spiked to 2008 levels, according to Reventure.

At Discover, credit card delinquency rates in Q1 2024 jumped from 4.7% to 5.7% in Q1 2024.

To put this in perspective, delinquency rates going into 2022 were at just 1.5%.

This means that delinquency rates are nearly 4 TIMES higher than they were just 2 years ago.

Americans are still spending at record levels even as savings have been depleted.

Are we in a credit card debt bubble?

We are in some sort of bubble, anyone who has sense has stopped spending as much but it seems a lot of people just want to YOLO and keep up with the Joneses, no matter how much debt they are in.

Well, people start dumping boats, 2nd homes, RVs, etc when the music stops. That's when you want your dry powder ready.

The EV price declines are kinda shocking tbh.

Uh, Tesla is owned by Elon Musk. Musk is Trump/Russia aligned.

Conservatives don't want EVs.
Liberals don't want to support Musk.

This isn't hard to understand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah, Trump doesn’t care about inflation. He already jawboned the Fed once to successfully lower rates and he would do it again as POTUS.

Big issue is that the Fed is dominated by Biden nominees. I fully expect Trump to try to fire all of the Fed Governors, save for Bowman and Waller.

Who appointed Powell?

Biden

Nope, try again.

[Anonymous]

Nothing to see here... FOUR MORE YEARS!