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 2,209]

BEST ECONOMY EVER BOYOS! 

 

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

[kilroy69 1,255]

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 732]

Chiti Bank

[BeachGuy23 642]

LMFAO.

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

Watch what happens when they lower rates boyo. 

[Hardcore troubadour 15,649]

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

[BeachGuy23 642]

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 1,128]

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 1,992]

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 3,966]

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

[Tree of Knowledge 1,997]

Install a Clown, Expect a Circus. 
 

Thanks Joe!!!

[supermike80 1,992]

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

[Pimpadeaux 2,406]

MAXIPAD OVERKILL!!!

[weepaws 3,241]

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

[Patented Phil 1,469]

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 15,649]

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 1,469]

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 2,406]

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 7,070]

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 406]

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 2,531]

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. 
 

 

[Ron_Artest 1,794]

On 5/7/2024 at 8:01 PM, Hardcore troubadour said:

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

1.2T now and rising.

[Hardcore troubadour 15,649]

Just now, Ron_Artest said:

1.2T now and rising.

That can’t be good. Especially at these interest rates. 

[thegeneral 3,360]

Job hiring flat, inflation ticking up.

Not good, Donald. 

[Cdub100 3,966]

29 minutes ago, thegeneral said:

Job hiring flat, inflation ticking up.

Not good, Donald. 

Just need to print some money. That'll fixe one of the issues and make the other worse.

[Hardcore troubadour 15,649]

Bidens job numbers to be revised down by possibly 800k. 

[thegeneral 3,360]

Trump’s numbers revised down by 250k over two month period this Spring.

Largest downward drop since COVID.

Strongest economy in history of the world

[thegeneral 3,360]

15 minutes ago, Cdub100 said:

Just need to print some money. That'll fixe one of the issues and make the other worse.

Trump begging for this, while adding trillions to the debt. 

[Cdub100 3,966]

3 hours ago, thegeneral said:

Trump begging for this, while adding trillions to the debt. 

So what's the answer? Because I don't know.

[Maximum Overkill 2,209]

4 hours ago, thegeneral said:

Trump’s numbers revised down by 250k over two month period this Spring.

Largest downward drop since COVID.

Strongest economy in history of the world

I can't speak for your local economy but we're still in a boom. Houses are selling as fast as they can build them, the hospitality industry is hitting all time highs, hotels are sold out, my AirBNBs are booked through 2026, etc. 

Perhaps you're doing it wrong? 

[thegeneral 3,360]

13 minutes ago, Maximum Overkill said:

I can't speak for your local economy but we're still in a boom. Houses are selling as fast as they can build them, the hospitality industry is hitting all time highs, hotels are sold out, my AirBNBs are booked through 2026, etc. 

Perhaps you're doing it wrong? 

I’m doing just fine. Have been for decades. Lucky I guess.

You see that isn’t the case for majority of people and that number is growing. Donald said the “real numbers” will be out maybe next year

[Maximum Overkill 2,209]

Just now, thegeneral said:

I’m doing just fine. Have been for decades. Lucky I guess.

You see that isn’t the case for majority of people and that number is growing. Donald said the “real numbers” will be out maybe next year

I certainly understand but that's how the economy works. It's a wave, we've seen it a million times. 

Prices skyrocketed during Covid and never came down. What's any President supposed to do about that? Wave his finger and say "lower your prices or else". That's not how it works, it's a free market economy. If you know the solution please tell me because you're smarter than I am apparently. 

If Biden could of done it then he would of to. 

[Ron_Artest 1,794]

20 minutes ago, Maximum Overkill said:

I can't speak for your local economy but we're still in a boom. Houses are selling as fast as they can build them, the hospitality industry is hitting all time highs, hotels are sold out, my AirBNBs are booked through 2026, etc. 

Perhaps you're doing it wrong? 

A year ago you created this thread saying how bad the economy was

[thegeneral 3,360]

Just now, Maximum Overkill said:

I certainly understand but that's how the economy works. It's a wave, we've seen it a million times. 

Prices skyrocketed during Covid and never came down. What's any President supposed to do about that? Wave his finger and say "lower your prices or else". That's not how it works, it's a free market economy. If you know the solution please tell me because you're smarter than I am apparently. 

If Biden could have done it then he would have to. 

Look at how understanding you are now

[Maximum Overkill 2,209]

Just now, thegeneral said:

Look at how understanding you are now

I'm a business Man. Do you disagree with anything I've said? 

[thegeneral 3,360]

1 minute ago, Maximum Overkill said:

I'm a business Man. Do you disagree with anything I've said? 

I appreciated how we need to now have all this perspective. Good stuff. 

Greatest economy in the history of the planet and all!

[Maximum Overkill 2,209]

Just now, thegeneral said:

I appreciated how we need to now have all this perspective. Good stuff. 

Greatest economy in the history of the planet and all!

It is, for some. 

I'm doing better than ever but that probably has nothing to do with Trump being President. It takes money to make money. That's with any President. 

[Ron_Artest 1,794]

12 minutes ago, Maximum Overkill said:

I certainly understand but that's how the economy works. It's a wave, we've seen it a million times. 

Prices skyrocketed during Covid and never came down. What's any President supposed to do about that? Wave his finger and say "lower your prices or else". That's not how it works, it's a free market economy. If you know the solution please tell me because you're smarter than I am apparently. 

If Biden could of done it then he would of to. 

2024 Magas: PRICES ARE TOO HIGH THEY MUST BE LOWERED

2025 Magas: Meh, nothing can be done, at least I got mine.

[Maximum Overkill 2,209]

Just now, Ron_Artest said:

2024 Magas: PRICES ARE TOO HIGH THEY MUST BE LOWERED

2025 Magas: Meh, nothing can be done, at least I got mine.

Nice try Squissy. I never complained about prices being too high, you Pedocrats did. 

[thegeneral 3,360]

7 minutes ago, Maximum Overkill said:

It is, for some. 

I'm doing better than ever but that probably has nothing to do with Trump being President. It takes money to make money. That's with any President. 

This could always be said then, at any point in time, with any Prez.

The greatest economy in the history of the planet*

 

 

*for some 

 

 

 

 

[Ron_Artest 1,794]

6 minutes ago, Maximum Overkill said:

Nice try Squissy. I never complained about prices being too high, you Pedocrats did. 

 

On 4/16/2024 at 10:48 AM, Maximum Overkill said:

Food prices alone have exploded 4x from 2020. Now factor in everything else that has skyrocketed.

How could it possibly be good??