The Biden Recession Thread
- Thread starter Wally
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newolddude
Well-Known Member
Wally
BrownCafe Innovator & King of Puns
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
The U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.
newolddude
Well-Known Member
I agree with you. There's another real estate bubble that's gonna burst.Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
The U.S. is seeing continued skyrocketing interest rates and declining housing prices, and Goldman Sachs expects home values in 2023 to reach that of the 2008 housing crisis.www.foxbusiness.com
3 bed/1 bath 1400 sq ft ranch style house on a slab, near a freeway shouldn't be $1.4 million.
733 Carolina Ave, Sunnyvale, CA 94085 | Zillow
733 Carolina Ave, Sunnyvale CA, is a Single Family home that contains 1416 sq ft and was built in 1953.It contains 3 bedrooms and 1 bathroom.This home last sold for $1,455,000 in March 2023. The Zestimate for this Single Family is $1,466,000, which has decreased by $33,600 in the last 30...
www.zillow.com
Fortunately it won't be as bad as 2008.
Thebrownblob
Well-Known Member
Government spending is being counted as GDP and CPI is being calculated on just one year and does not include food, energy, or housing.
- Personal consumption accounted for 1.42% - or half - of the bottom line 2.880% GDP number; this was below last quarter's 1.54% and came in below expectations; on an annualized basis PCE was 2.1%, well below the 2.9% expected, and down from 2.3% in Q3.
GDP report reveals ominous Great Depression warning sign not seen since 1932
The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.
Next Day Error
X - Other
But this is exactly what the Federal Reserve is trying to do... cool things off, inflation comes down, interest rates stabilize. In theory, anyway.GDP report reveals ominous Great Depression warning sign not seen since 1932
The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.
PT Car Washer
Well-Known Member
Faux News. LOLGDP report reveals ominous Great Depression warning sign not seen since 1932
The latest GDP report from the Bureau of Economic Analysis tells us that the U.S. economy is slowing down. While the Biden White House wants to spin the numbers, they are not good.
You guys always remind me of Kevin Bacon's character in "Animal House." As the crowd is running over him he's shouting "all is well! all is well!"
BrownFlush
Woke Racist Reigning Ban King
Today average gas price, $3.50 a gallon
2.1% growth That's not a bad number.
Trump in '17, his first year, the economy grew 2.3%, '18, 3%, '19, 2.2, and then '20 because of COVID, everything collapsed. Trump handed Biden a pretty strong economy. Inflation was 1.3%. Biden mucked it all up in his first year.
"Oh, the economy's great. I'm great. I know what I'm doing."
He has no clue what he's doing or saying.
2.1% growth That's not a bad number.
Trump in '17, his first year, the economy grew 2.3%, '18, 3%, '19, 2.2, and then '20 because of COVID, everything collapsed. Trump handed Biden a pretty strong economy. Inflation was 1.3%. Biden mucked it all up in his first year.
"Oh, the economy's great. I'm great. I know what I'm doing."
He has no clue what he's doing or saying.
You've cracked the code lol.
Wally
BrownCafe Innovator & King of Puns
One can learn a lot from that film. I for one learned never trust drinking buddies with your car.
PT Car Washer
Well-Known Member
Drunk and stupid is no way to go through life.
Wally
BrownCafe Innovator & King of Puns
Never give up, it wasn't over when the Germans bombed Pearl Harbor.
newolddude
Well-Known Member
Thebrownblob
Well-Known Member
Welcome back
BrownFlush
Woke Racist Reigning Ban King
newolddude
Well-Known Member
So Trump brought us out of the 8 years of economic downturn caused by Obama? He turned things around? Or are you going to ignore the fact the Trump just kept riding the good wave?
