The U.S. economy is headed for a hard landing, and Fed rate cuts won’t be enough to rescue it, Citi says

[Maximum Overkill 773]

BEST ECONOMY EVER BOYOS! 

 

https://fortune.com/2024/05/05/economic-outlook-hard-landing-recession-fed-rate-cuts-forecast-citi/

[kilroy69 1,017]

I am so focking tired of hearing about a recession. Get it over with already. We have been on the verge for the last 3 years.  

[Drizzay 648]

Chiti Bank

[BeachGuy23 572]

LMFAO.

The economy has been super heated even with the Trumpflation induced high rates.

Watch what happens when they lower rates boyo. 

[Hardcore troubadour 12,866]

In Jan 2021 Americans held 750 billion in credit card debt.  It’s over a trillion now.  

[BeachGuy23 572]

3 minutes ago, Hardcore troubadour said:

In Jan 2021 Americans held 750 billion in credit card debt.  It’s over a trillion now.  

Moron, your master sent everyone checks in 2020 for staying home.

god you're so phuking dumb. 

[Bert 1,101]

2 minutes ago, Hardcore troubadour said:

In Jan 2021 Americans held 750 billion in credit card debt.  It’s over a trillion now.  

And delinquency and default rates on CCs continue to rise.  Surprising a finance professional doesn't know this.  Of course, a finance professional would never use the term Trumpflation or Bidenflation.  

[supermike80 1,317]

It just seems..unsustainable.  housing prices are insane.  Thousands of new vehicles sitting on lots.   Inflation is driving more credit buying.  

Ugh. Something has to pop

[Cdub100 3,430]

When the fed starts cutting that's your signal to get out of the market.

[Tree of Knowledge 892]

Install a Clown, Expect a Circus. 
 

Thanks Joe!!!

[supermike80 1,317]

Im ok with some interest rates. Money was was too easy before this. People overextended for the 0% bs.  

[Pimpadeaux 2,305]

MAXIPAD OVERKILL!!!

[weepaws 2,497]

This can’t be a surprise, the government is destroyed this country, with the people,  pack up. 

[Patented Phil 841]

1 hour ago, Hardcore troubadour said:

In Jan 2021 Americans held 750 billion in credit card debt.  It’s over a trillion now.  

Bingo.  That is really all you need to know right there.  It’s a house of cards.

Why do you think everyone is so damn angry in this country?  I see it on the road every day.  People are suffering in silence, and they’ve given up hope that things are ever getting back to pre-Covid levels.  It’s all being propped up by credit cards, and very soon those bills are going to come due.

[Hardcore troubadour 12,866]

5 minutes ago, Patented Phil said:

Bingo.  That is really all you need to know right there.  It’s a house of cards.

Why do you think everyone is so damn angry in this country?  I see it on the road every day.  People are suffering in silence, and they’ve given up hope that things are ever getting back to pre-Covid levels.  It’s all being propped up by credit cards, and very soon those bills are going to come due.

Don’t be surprised that one of the financial genius libtards that post here will be along to tell us it’s a good thing. Or Trump or Russia or some shitt. 

[Patented Phil 841]

1 minute ago, Hardcore troubadour said:

Don’t be surprised that one of the financial genius libtards that post here will be along to tell us it’s a good thing. Or Trump or Russia or some shitt. 

I couldn’t care less what any of the Leftist idiots in here say.  Their ideas have already destroyed this country.

[Pimpadeaux 2,305]

2 hours ago, supermike80 said:

It just seems..unsustainable.  housing prices are insane.  Thousands of new vehicles sitting on lots.   Inflation is driving more credit buying.  

Ugh. Something has to pop

Maybe Clownzo as our 11th president will save the day!

[The Real timschochet 3,103]

Maybe it will all collapse. It’s so big I can’t pretend to understand it. 
But it sure seems like these complaints are only made when there is a Democratic President. And I don’t believe a President Trump will even try to address this issue. 

Early on when there were several candidates for President on the Republican side, only one of them discussed significant spending cuts or serious ways to tackle inflation. That was Tim Scott. Trump made a few comments on social media ripping him for it and Scott quickly shut up. He’s had nothing to say since.

 

[Mark Davis 193]

2 hours ago, supermike80 said:

It just seems..unsustainable.  housing prices are insane.  Thousands of new vehicles sitting on lots.   Inflation is driving more credit buying.  

Ugh. Something has to pop

One side has to adjust to find equilibrium when it comes to housing and interest rates.  The current balance can't continue.  You can make more money today, significantly more, in a savings account as opposed to rental property returns.  Either single family housing has to come down or rates must reduce.  Having a risk off investment returning more than at risk capital isn't normal.

[BunnysBastatrds 1,940]

Our children will pay the price for all of the damage we’ve inflicted and created over the last fifty years. And there’s  no one to blame except ourselves.