Crnr2Crnr Posted February 16 Share Posted February 16 (edited) https://www.businessinsider.com/recession-outlook-us-economy-job-market-unemployment-soft-landing-citi-2024-2 Credit-card delinquency rates are also rising. The top economist David Rosenberg has said a consumer credit default cycle has already arrived, with one in every 12 credit-card holders missing their payments. but... if the Fed softens rates the markets might not collapse. I stress might not. Edited February 16 by Crnr2Crnr Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted February 16 Platinum Contributing Member Share Posted February 16 The only way people could buy things is with their CC but now they can't afford the payments. The economy is booming!!11 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted February 16 Share Posted February 16 1 hour ago, Skidooski said: The only way people could buy things is with their CC but now they can't afford the payments. The economy is booming!!11 Exactly, all the debt dummies are about to feel the pain of their own stupidity. Quote Link to comment Share on other sites More sharing options...
racer254 Posted February 16 Share Posted February 16 4 years of a democrat potus and the policies of spend spend spend.... But libs are happy because they 'won' Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 16 Author Share Posted February 16 Just now, racer254 said: 4 years of a democrat potus and the policies of spend spend spend.... But libs are happy because they 'won' we're past due for a recession going all the way back to 2021 but the Trump/Biden stimulus 'fixed that' did Biden or some lib hold a gun to someone's head and force them to buy shit they couldn't afford? does the King of Debt have a solution, this time? https://www.politico.com/story/2016/06/trump-king-of-debt-224642 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted February 16 Platinum Contributing Member Share Posted February 16 40 minutes ago, Crnr2Crnr said: we're past due for a recession going all the way back to 2021 but the Trump/Biden stimulus 'fixed that' did Biden or some lib hold a gun to someone's head and force them to buy shit they couldn't afford? does the King of Debt have a solution, this time? https://www.politico.com/story/2016/06/trump-king-of-debt-224642 No they didn't force them to buy , but they did train them to with free money. Not that it is an excuse, but it did go down like that Quote Link to comment Share on other sites More sharing options...
Mainecat Posted February 16 Share Posted February 16 Blame the problem on the solution…….interesting tactic. 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted February 16 Share Posted February 16 $15 min wage, that should solve it. Liberal dipshits Quote Link to comment Share on other sites More sharing options...
gravy davey Posted February 16 Share Posted February 16 2 hours ago, Skidooski said: The only way people could buy things is with their CC but now they can't afford the payments. The economy is booming!!11 Exactly I read it right here. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 16 Share Posted February 16 2 hours ago, Skidooski said: The only way people could buy things is with their CC but now they can't afford the payments. The economy is booming!!11 Bidenomics 101. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 16 Author Share Posted February 16 go shopping... I just bought another 10 month 5.25% CD and will flip two more into fresh ones next week. People are fucking dumb, and debt slaves. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted February 16 Share Posted February 16 23 minutes ago, Crnr2Crnr said: go shopping... I just bought another 10 month 5.25% CD and will flip two more into fresh ones next week. People are fucking dumb, and debt slaves. I have two that mature in a couple of months. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted February 16 Author Share Posted February 16 1 minute ago, ActionfigureJoe said: I have two that mature in a couple of months. I have five in the rotation atm. Two mature next week and another at the end of March. may as well ride the guaranteed interest gravy train while it lasts. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted February 16 Gold Member Share Posted February 16 Buy now pay later groceries! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.