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Biden’s economy
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Anonymous
We aren't. We're becoming more indebted.
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Anonymous
The federal reserve is NOT going to drop rates. Get that out of your head. The federal reserve is having TROUBLE at AUCTIONS selling treasuries now. Lowering rates would make those treasuries even less attractive to foreign and domestic buyers. Stop with the hopium. It is not going to happen. You need to understand the mechanisms for pricing, leverage and why the government needs buyers of our treasuries now more than ever. |
Anonymous
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Hey now, we can't have facts and logic here. Stop with that. |
Anonymous
That does not include buy now pay later debt, which has really taken off but there are no good statistics. |
Anonymous
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The rich are spending, poor and middle class are getting pummeled
Great for Trump. |
Anonymous
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Steve Pruett, CEO of Elevation Resources, on Biden:
"It’s the worst presidency with regard to energy policy I’ve ever seen — and I’ve been involved in energy for 40 years, my entire career." |
Anonymous
Well thanks for causing that. You see, the more you do, the more unintended consequences there are. There are large imbalances because of your policies. They are the cause, not the solution. If you want trillion dollar spending bills artificially causing prices to rise on things we just don't need, then you'll cause inflation, unemployment and whole segments of the population to become poorer because the intended and unintended consequences they cause. In short, STOP doing what you are doing and let the market correct itself. |
Anonymous
Or maybe we should be taxing corporations and billionaires more. Maybe make them pay the same effective rates that they paid in the 1950s. Oh and the market mostly doesn't correct itself. It's called a market failure. That's what monopolies are (outside of natural ones). |
Anonymous
| Ya, maybe we should drive more business offshore in the global economy. BRILLIANT! |
Anonymous
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Barry Sternlicht just gave a VERY thoughtful interview about interest rates and growing troubles in real estate:
Here's what he had to say: "I do think rates will come down. I think they'll come down for two key reasons. Powell looks like he's looking for a reason to bring them down. And he has to be aware that we have a $34 trillion deficit, and he can pay 4% on that or 5%... and just on the debt rolling this year, the delta is over $130B... And the second thing is the regional banking system. With a $1.9 trillion of real estate loans, that's a fragile animal right now. And one way to get capital into those banks is to lower rates. So it basically makes the assets worth more. [Powell's] got a hard task with a blunt tool, and the consequences are the RE markets are taking it on the chin because rates rose so fast. We could have handled this, but we couldn't handle it this fast and people are looking for these cracks, and you're going to see the cracks develop now. You're going to see a regional bank fail every [week]. Maybe two a week." |
Anonymous
| Well yes, CRE is taking a hit and even more of a hit as we go down the road. There are a lot of empty office buildings with people working from home and as leases expire, businesses are adjusting to the new reality of much less office space. |
Anonymous
Strange. Energy production is at all time highs, both fossil and renewable. Any energy company that isn't doing well right now is a them problem. |