-All the BRICS bs is supposed to really kick off Jan '24.
-Other countries are getting rid of the dollar and not buying our debt, including treasury notes and bonds
-China's economy is in bad shape with the Evergrande and the other real estate company's bankruptcy. They say it's way worse than we know.
-We've got both high inflation and high interest rates...Expect real estate prices to come down and a lot of foreclosures to happen - C19 was the death blow for many who just don't have any more reserve cash (or credit!) to bail themselves out - and maintain "fat living' without tightening their belts.
-Oil...Potatus is deliberately emptying our SPR and stopping leases for drilling - gas already went up 15% overnight on the news. This is going to affect EVERYTHING - shipping, food, heating, electricity prices etc etc.
It's scary right now....but I'm hoping we can just get on with it...just rip the damned band aid off already because a recession/depression every 10 years isn't working for any of us....
Right and we have been in a depression without them labeling it that for awhile now. I’m single income parent and make good money about what my parents combined made or more and here I am struggling with everything. Let’s hear it all, get over it and move forward with new ways of truechecks and balances
The inevitable cliff is approaching fast...
There's a bunch of crap that's been happening...
-All the BRICS bs is supposed to really kick off Jan '24.
-Other countries are getting rid of the dollar and not buying our debt, including treasury notes and bonds
-China's economy is in bad shape with the Evergrande and the other real estate company's bankruptcy. They say it's way worse than we know.
-We've got both high inflation and high interest rates...Expect real estate prices to come down and a lot of foreclosures to happen - C19 was the death blow for many who just don't have any more reserve cash (or credit!) to bail themselves out - and maintain "fat living' without tightening their belts.
-Oil...Potatus is deliberately emptying our SPR and stopping leases for drilling - gas already went up 15% overnight on the news. This is going to affect EVERYTHING - shipping, food, heating, electricity prices etc etc.
It's scary right now....but I'm hoping we can just get on with it...just rip the damned band aid off already because a recession/depression every 10 years isn't working for any of us....
Right and we have been in a depression without them labeling it that for awhile now. I’m single income parent and make good money about what my parents combined made or more and here I am struggling with everything. Let’s hear it all, get over it and move forward with new ways of truechecks and balances