Biden’s economy

[Anonymous]

[Anonymous]

.1%

Woohooo

Will this be revised next month to .000000000001% ?

[Anonymous]

California Home Sales Crash to Lowest Level in 15 Years
Newsweek, December 19, 2023

Home sales in California plunged to the lowest level in 15 years in November, according to the latest data shared by the California Association of Realtors (CAR).

According to a report released on Tuesday, existing single-family home sales were down 7.4 percent last month compared to October and down 5.8 percent from November 2022, totaling 223,940. It was the biggest monthly decline in the past year, which plunged existing home sales in California to the lowest level since the Great Recession of 2008-2009.

Existing home sales were also down 25.9 percent since the beginning of the year, as homebuyers struggle with the high cost of borrowing and homes that have remained expensive despite a cooling of prices nationwide. It was also the third consecutive month that existing single-family home sales remained below the 250,000-unit mark in the state.

More: https://www.newsweek.com/california-home-sales-crash-lowest-level-16-years-1853707

[Anonymous]

Millions of student loan borrowers still aren't paying their bills

President Biden ended the student loan payment pause earlier this year

FoxBusiness, December 20, 2023

Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall.

Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Donald Trump.

However, 40% of the 22 million borrowers who had bills due failed to make a payment as of mid-November, according to a new report published by the Department of Education. That means about 9 million Americans who have payments due are not making them.

The figure does not include borrowers who are still in school or who recently left and do not yet owe payments, or whose payment deadlines were extended due to loan servicing errors.

More: https://www.foxbusiness.com/economy/millions-student-loan-borrowers-still-arent-paying-their-bills

[Anonymous]

Anonymous wrote:.1%

Woohooo

Will this be revised next month to .000000000001% ?

Uh, it means deflation is actually happening. Deride it all you want but that means costs are coming down. You know, the thing everyone is complaining about?

[Anonymous]

Anonymous wrote:California Home Sales Crash to Lowest Level in 15 Years
Newsweek, December 19, 2023

Home sales in California plunged to the lowest level in 15 years in November, according to the latest data shared by the California Association of Realtors (CAR).

According to a report released on Tuesday, existing single-family home sales were down 7.4 percent last month compared to October and down 5.8 percent from November 2022, totaling 223,940. It was the biggest monthly decline in the past year, which plunged existing home sales in California to the lowest level since the Great Recession of 2008-2009.

Existing home sales were also down 25.9 percent since the beginning of the year, as homebuyers struggle with the high cost of borrowing and homes that have remained expensive despite a cooling of prices nationwide. It was also the third consecutive month that existing single-family home sales remained below the 250,000-unit mark in the state.

More: https://www.newsweek.com/california-home-sales-crash-lowest-level-16-years-1853707

Yes, home sales are down because the interest rates for mortgages are so high. This is what the Fed intended. It will settle out, particularly as interest rates come down over the next year.

[Anonymous]

Anonymous wrote:Millions of student loan borrowers still aren't paying their bills

President Biden ended the student loan payment pause earlier this year

FoxBusiness, December 20, 2023

Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall.

Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Donald Trump.

However, 40% of the 22 million borrowers who had bills due failed to make a payment as of mid-November, according to a new report published by the Department of Education. That means about 9 million Americans who have payments due are not making them.

The figure does not include borrowers who are still in school or who recently left and do not yet owe payments, or whose payment deadlines were extended due to loan servicing errors.

More: https://www.foxbusiness.com/economy/millions-student-loan-borrowers-still-arent-paying-their-bills

IMO student loans should be seen as government facilitating people investing in themselves, and the corresponding borrowing rates should be prime, at best. They shouldn't be predatory.

[Anonymous]

Anonymous wrote:.1%

Woohooo

Will this be revised next month to .000000000001% ?

[Anonymous]

Anonymous wrote:.1%

Woohooo

Will this be revised next month to .000000000001% ?

What?

[Anonymous]

Anonymous wrote:California Home Sales Crash to Lowest Level in 15 Years
Newsweek, December 19, 2023

Home sales in California plunged to the lowest level in 15 years in November, according to the latest data shared by the California Association of Realtors (CAR).

According to a report released on Tuesday, existing single-family home sales were down 7.4 percent last month compared to October and down 5.8 percent from November 2022, totaling 223,940. It was the biggest monthly decline in the past year, which plunged existing home sales in California to the lowest level since the Great Recession of 2008-2009.

Existing home sales were also down 25.9 percent since the beginning of the year, as homebuyers struggle with the high cost of borrowing and homes that have remained expensive despite a cooling of prices nationwide. It was also the third consecutive month that existing single-family home sales remained below the 250,000-unit mark in the state.

More: https://www.newsweek.com/california-home-sales-crash-lowest-level-16-years-1853707

You realize that’s the number of transactions, right? Not the prices?

[Anonymous]

Anonymous wrote:

Anonymous wrote:.1%

Woohooo

Will this be revised next month to .000000000001% ?

Uh, it means deflation is actually happening. Deride it all you want but that means costs are coming down. You know, the thing everyone is complaining about?

+1
The Fed's favorite inflation measure is now below where it was when Trump left and below the Fed's target.

[Anonymous]

IOW, once companies stop price gouging, things should be back where they were.

[Anonymous]

so...the inflation reduction act....worked, eh?

[Anonymous]

Hum...

[Anonymous]

Anonymous wrote:

Anonymous wrote:.1%

Woohooo

Will this be revised next month to .000000000001% ?

Uh, it means deflation is actually happening. Deride it all you want but that means costs are coming down. You know, the thing everyone is complaining about?

A decrease in the inflation rate does not mean deflation. Prices aren't going down. They are just rising more slowly.