“This Trainwreck Is COMING” - January Jobs Report TRIGGERS Economy Collapse Fears

BleachedAnusDawg

BleachedAnusDawg

Well-known poster
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Primarily sharing this as a reminder that all government data is a lie. The amount of continuing revisions makes it impossible to know what's really happening. BTW, there is much more in this clip than just arguing about job numbers.

What I do see right now are decreasing home sales, increasing defaults on car loans, and massive (and growing) credit card debt. The stock market is not telling the truth about middle America right now and does not benefit the majority of Americans.

I'm not ascribing blame to Trump, for anyone here who would try to lump me in with the lefty loons. It is possible to see problems happening while not being anti-Trump.

There was clearly a shit ton of fixing to be done after Biden. The fixes are not having a big impact, yet, though, and coupled with the AI death spiral for many I think that the next 3 - 5 years are going to be a struggle for those currently without wealth or a nest egg of some kind.

 
I don't believe the numbers I just play the game

I've posted before that Reagan got re elected with 49 states and the economy hadn't improved that much since Carter but people felt better and thought Reagan could get it done

The media was horrible then to but no social media

A lot is changing but our expectations are far faster these days

It would be interesting to know who would win an honest election
 
Bob_C said:
In reality we papered over the 2008 financial crisis and have been paying many multiples of the original bailout amounts since.
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The housing market is completely distorted

Young folks hate it but crashing the boomer's equity by fiat isn't the answer

I don't have a dog in the hunt other than wanting the rental market to collapse. I cashed out my boomer house in 2011

I was there buying the foreclosure properties for Big Hedge Fund

Sorry
 
Im in my mid 40’s, one of the last non future serfs out there. I have sympathies on both sides here. Agreed it would be unfair to crush boomers equity through fiat, but the counter point there is that their equity boomed (and mine) through fiat and was never actually real because we spent most of the last 18 years at near zero interest rates and deferred the pain.

Young people are pretty fucked because of that. The young serfs are going to turn on Gen X once the boomers are basically gone. I’d prefer to turn them into free market thinkers instead of the rabble communists for my own safety.
 
Anecdotal I have noticed that the for sale signs on houses driving around here all seem to stay up forever all of a sudden. A lot of the people who I grew up with who suddenly became realtors have been real quiet on social media lately.

I keep an eye on most jobs posted in Skagit County. About 95% seem to be nursing more or less. Big time for chicks with pitty mixes and bad tattoos, I guess.
 
You can't print money for four years, expand government and government jobs (88,000 in the IRS alone), open the borders and spend hundreds of billions on free everything for illegal aliens, force those same illegal aliens to find work at a fraction of the cost to employers than if they hired an American worker, ladle massive regulations on business and commerce, shut down our energy independence, shut down pipelines, coal plants and discourage manufacturing in all red states and then expect the world to be righted in a year. What Trump has done is truly a great start.

Then take into account the massive hundreds of billions of tax payer dollars that have been stolen by democrats. That is a huge nut that has done serious damage to our country. Stolen billions of tax-payer dollars used against those same tax-payers in an effort to destroy the country.

Anyone with fiscal common sense or has owned a business or run a small company or corporation, knows that what democrats did for 4 disastrous years will take time to climb out of. Virtually everything they did was socialistic and fascist. Totally anti-business which equals personal financial problems for the average American and long-term damage to solvency and prosperity.
 
People got used to 3 serpent mortgages.

I tried to buy a place in 2023. 6.92%. I'm not pour, especially for here, but I ain't a one percenter.

No, historically it's not a bad rate, but now peeps expect the low rates. Wages have stagnated since 1972 or 1973. Man and wife both have to work unless somebody comes from money or someone is a big shot lawyer.
 
Fire_Marshall_Bill said:
People got used to 3 serpent mortgages.

I tried to buy a place in 2023. 6.92%. I'm not pour, especially for here, but I ain't a one percenter.

No, historically it's not a bad rate, but now peeps expect the low rates. Wages have stagnated since 1972 or 1973. Man and wife both have to work unless somebody comes from money or someone is a big shot lawyer.
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Yup
 
I'm the poorest man on the internet

Everyone else is rich and handsome with a smoking hot girlfriend
 
Fire_Marshall_Bill said:
People got used to 3 serpent mortgages.

I tried to buy a place in 2023. 6.92%. I'm not pour, especially for here, but I ain't a one percenter.

No, historically it's not a bad rate, but now peeps expect the low rates. Wages have stagnated since 1972 or 1973. Man and wife both have to work unless somebody comes from money or someone is a big shot lawyer.
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One thing I wouldn't be surprised if it truly happens that AI and other things eliminate jobs is only one person in a couple working again.
 
Biden, or more likely his handlers shut down the oil pipeline because Buffet/BH owns trains which transport it. I believe the trains aren't carbon neutral and pollute last time I checked.
 
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