Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Meanwhile homelessness is up 12% this year and at all time levels. Nothing to see here people...

https://apnews.com/article/homelessness-increase-rent-hud-covid-60bd88687e1aef1b02d25425798bd3b1

Remember that people weren't allowed to be evicted during Covid? Then Rs slashed and cut family support?

Of course you don't mention that.

Yes, and what happened to retired people whose income depended on the rent check from their rental income, and the renter said I'm not paying and I'm staying?

You always see only one side of the equation.

What percentage of rentals consist of a unit or two rented out by a retired person? Not many. And it doesn't seem like the big residential property management companies went belly up during Covid.

Plus, there were at least 3 federal programs, including forgiveable loans like PPP, available to people who rented out property.

[Anonymous]

Anonymous wrote:

Economists should just stop pretending it’s a science. They have no ability to predict future economic conditions, nobody does. The economy is too complex.

Just look at the present numbers, everything else is a fools game.

Based on the current numbers (unemployment, job growth, gdp, real wage growth, household income, etc) the economy is in excellent shape.

Nobody knows what 6 months from now will bring, it’s just people guessing (even for those with PhDs in the field).

[Anonymous]

[Anonymous]

There are some issues with economy, particularly for renters and first-time homebuyers. But the overall U.S. economy is pretty amazing right now, especially in comparison to the rest of the world. People on the right have been acting like we are somehow in the same territory as 2008 are absolutely full of it.

[Anonymous]

Anonymous wrote:There are some issues with economy, particularly for renters and first-time homebuyers. But the overall U.S. economy is pretty amazing right now, especially in comparison to the rest of the world. People on the right have been acting like we are somehow in the same territory as 2008 are absolutely full of it.

As interest rates come down, the homebuyer issue should be settled out, though core prices are up, but then again, in most places, they are always up, particularly in major metro areas.

Rental rates are more supply/demand, which is why we need to build a lot more housing as soon as possible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

kudos to the 15% who were not wrong.

Biden is a miracle worker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

kudos to the 15% who were not wrong.

Biden is a miracle worker.

Thanks to voters who put aside their differences and voted for him. Now rinse & Repeat.

[Anonymous]

Angola is leaving OPEC because it doesn’t agree with cutting production. Should be another good sign for oil prices.
https://www.bloomberg.com/news/articles/2023-12-21/angola-announces-exit-from-opec-jornal-de-angola-reports

[Anonymous]

Seems more like large companies are doing better, and since they are now considered people, “people” are doing better. Inflation rates may have come down, but prices got so high so fast, there are plenty of real people who are hurting and struggling with food prices.

[Anonymous]

[Anonymous]

Anonymous wrote:Seems more like large companies are doing better, and since they are now considered people, “people” are doing better. Inflation rates may have come down, but prices got so high so fast, there are plenty of real people who are hurting and struggling with food prices.

Which has more to do with price gouging than actual inflation.

And the Dems tried to pass an anti-price-gouging bill.

Guess who opposed it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Seems more like large companies are doing better, and since they are now considered people, “people” are doing better. Inflation rates may have come down, but prices got so high so fast, there are plenty of real people who are hurting and struggling with food prices.

Which has more to do with price gouging than actual inflation.

And the Dems tried to pass an anti-price-gouging bill.

Guess who opposed it?

Seller sets the pricer. Buyer accepts it or moves on. Government does not set the price. Go away.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems more like large companies are doing better, and since they are now considered people, “people” are doing better. Inflation rates may have come down, but prices got so high so fast, there are plenty of real people who are hurting and struggling with food prices.

Which has more to do with price gouging than actual inflation.

And the Dems tried to pass an anti-price-gouging bill.

Guess who opposed it?

Seller sets the pricer. Buyer accepts it or moves on. Government does not set the price. Go away.

Agree, but if the right is going to cry "inflation" then people should understand what is eminating the higher prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Seems more like large companies are doing better, and since they are now considered people, “people” are doing better. Inflation rates may have come down, but prices got so high so fast, there are plenty of real people who are hurting and struggling with food prices.

Which has more to do with price gouging than actual inflation.

And the Dems tried to pass an anti-price-gouging bill.

Guess who opposed it?

Seller sets the pricer. Buyer accepts it or moves on. Government does not set the price. Go away.

How is the seller going to acquire or enforce any property rights or contracts without the government? That's silly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are some issues with economy, particularly for renters and first-time homebuyers. But the overall U.S. economy is pretty amazing right now, especially in comparison to the rest of the world. People on the right have been acting like we are somehow in the same territory as 2008 are absolutely full of it.

As interest rates come down, the homebuyer issue should be settled out, though core prices are up, but then again, in most places, they are always up, particularly in major metro areas.

Rental rates are more supply/demand, which is why we need to build a lot more housing as soon as possible.

Rental rates should be mitigated using policies that encourage local ownership and discourage unoccupied properties or short rental terms of days or weeks.