spin_dry Posted July 17, 2023 Share Posted July 17, 2023 https://www.msn.com/en-us/money/markets/americans-are-still-better-off-with-more-in-the-bank-than-before-the-pandemic/ar-AA1dYbUX Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted July 17, 2023 Gold Member Share Posted July 17, 2023 Ya that makes sense cause repo’s going up, credit card debt going up, foreclosures going up are all good signs Americans still have plenty of cash in the bank 😂 2 1 Quote Link to comment Share on other sites More sharing options...
Voodoo Posted July 17, 2023 Share Posted July 17, 2023 1 hour ago, spin_dry said: https://www.msn.com/en-us/money/markets/americans-are-still-better-off-with-more-in-the-bank-than-before-the-pandemic/ar-AA1dYbUX That will only further the inflation problems. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 17, 2023 Share Posted July 17, 2023 Just looked at my IRA statement……..doing very well. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 that's just shocking news with interest rates up as much as they are over the last nineteen months... Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 17, 2023 Author Share Posted July 17, 2023 2 minutes ago, Crnr2Crnr said: that's just shocking news with interest rates up as much as they are over the last nineteen months... From a historical perspective, interest rates are still a major bargain. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted July 17, 2023 Gold Member Share Posted July 17, 2023 2 minutes ago, Crnr2Crnr said: that's just shocking news with interest rates up as much as they are over the last nineteen months... They just haven’t waited long enough for their reporting. The article says people are blowing through their savings. “However, households are rapidly spending down that extra cash they’d socked away during the pandemic. Median account balances are at their lowest levels in roughly three years and have dropped as much as 41 percent from their peak in April 2021, when Americans were flush with government stimulus money and tax returns” Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 13 minutes ago, 800renegaderider said: They just haven’t waited long enough for their reporting. The article says people are blowing through their savings. “However, households are rapidly spending down that extra cash they’d socked away during the pandemic. Median account balances are at their lowest levels in roughly three years and have dropped as much as 41 percent from their peak in April 2021, when Americans were flush with government stimulus money and tax returns” inflation came from where? spend, spend, spend... borrow, borrow, borrow... https://www.newyorkfed.org/newsevents/news/research/2023/20230515 we live amongst idiots Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 16 minutes ago, spin_dry said: From a historical perspective, interest rates are still a major bargain. true... except for many born after 1992 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 17, 2023 Author Share Posted July 17, 2023 15 minutes ago, 800renegaderider said: They just haven’t waited long enough for their reporting. The article says people are blowing through their savings. “However, households are rapidly spending down that extra cash they’d socked away during the pandemic. Median account balances are at their lowest levels in roughly three years and have dropped as much as 41 percent from their peak in April 2021, when Americans were flush with government stimulus money and tax returns” Give out trillions in free cash while there’s major bottlenecks in the supply chains. Did anyone suggest to either trump or Biden that the net result could possibly be inflationary? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 4 minutes ago, spin_dry said: Give out trillions in free cash while there’s major bottlenecks in the supply chains. Did anyone suggest to either trump or Biden that the net result could possibly be inflationary? you mean the one he insisted his name be on, rather than the Treasury Secretary as had been the custom? malignant narcissism does things like that Quote Link to comment Share on other sites More sharing options...
racer254 Posted July 17, 2023 Share Posted July 17, 2023 Democrats in the house and senate wanted to give out more money. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 17, 2023 Share Posted July 17, 2023 12 minutes ago, racer254 said: Democrats in the house and senate wanted to give out more money. Directly to the taxpayers…….big difference. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 24 minutes ago, racer254 said: Democrats in the house and senate wanted to give out more money. and they did as soon as Biden took office 11 minutes ago, Mainecat said: Directly to the taxpayers…….big difference. where did it come from? future generations of tax payers... many of them 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted July 17, 2023 Share Posted July 17, 2023 Despite campaigning as a moderate, President Biden has dramatically accelerated federal spending during his time in office. He has now spent more in his first two years than President Trump did during his last two years at the height of the pandemic. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 5 minutes ago, racer254 said: Despite campaigning as a moderate, President Biden has dramatically accelerated federal spending during his time in office. He has now spent more in his first two years than President Trump did during his last two years at the height of the pandemic. bingo... what we need to do is elect a fiscal conservative to the white house, which neither have proven to be. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 17, 2023 Share Posted July 17, 2023 Just read an article today that real wages are down 1% and after student loan payments resume it will be the equivalent of another 5% reduction. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 17, 2023 Share Posted July 17, 2023 1 hour ago, Mainecat said: Just looked at my IRA statement……..doing very well. Laughing my ass off...you are 2 points ahead of August 16th of 22 you're a baller. 1 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted July 17, 2023 Share Posted July 17, 2023 he's committed to that 2% no matter how long it takes... of course he helped accelerate the inflammation in the first place but let's not focus on that. to think, we had a POTUS who wanted to go to zero percentage or negative percentage interest rates... where a bank would CHARGE YOU interest to store your money there. how fucking dumb is that? https://www.reuters.com/article/us-usa-fed-trump-rates-idUSKBN22P38I Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 17, 2023 Share Posted July 17, 2023 41 minutes ago, SkisNH said: Laughing my ass off...you are 2 points ahead of August 16th of 22 you're a baller. I don’t worry about money. Lol all you want. Quote Link to comment Share on other sites More sharing options...
1jkw Posted July 17, 2023 Share Posted July 17, 2023 1 hour ago, racer254 said: Despite campaigning as a moderate, President Biden has dramatically accelerated federal spending during his time in office. He has now spent more in his first two years than President Trump did during his last two years at the height of the pandemic. And Trump spent more in his first 3 than Obama did in his last 4, and promised more spending. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 17, 2023 Share Posted July 17, 2023 23 minutes ago, Mainecat said: I don’t worry about money. Lol all you want. You were puffing your chest out like a bitch....I needed to remind you you're a fucking retard 1 1 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted July 17, 2023 Share Posted July 17, 2023 2 minutes ago, SkisNH said: You were puffing your chest out like a bitch....I needed to remind you you're a fucking retard Poor Mainecunt............ Quote Link to comment Share on other sites More sharing options...
Cold War Posted July 17, 2023 Share Posted July 17, 2023 Fucking retards. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 17, 2023 Platinum Contributing Member Share Posted July 17, 2023 3 hours ago, spin_dry said: Give out trillions in free cash while there’s major bottlenecks in the supply chains. Did anyone suggest to either trump or Biden that the net result could possibly be inflationary? Anyone with a brain knew there could be no other outcome. Quote Link to comment Share on other sites More sharing options...
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