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06-02-2023, 04:37 PM #31
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06-02-2023, 04:43 PM #32
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06-02-2023, 06:34 PM #33
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06-02-2023, 06:35 PM #34
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06-02-2023, 06:50 PM #35
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06-02-2023, 07:06 PM #36
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06-02-2023, 07:50 PM #37
- Join Date: Aug 2006
- Location: Michigan, United States
- Age: 35
- Posts: 20,558
- Rep Power: 198910
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06-02-2023, 08:30 PM #38
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06-02-2023, 08:32 PM #39
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06-02-2023, 11:46 PM #40
Right now is the peak of Baby Boomer retirement, so labor shortages are all over the place. It's quite a unique time we live in with the prospect of a recession hitting while we have an employment boom. Employment may not even go high as recession hits because of the Baby Boomer retirement peak. Then again overall people are spending their money on necessities and debt they owe compared to pre pandemic. Things will get even more interesting once college loan borrowers actually have to start paying again in a couple of months.
The feds are doing everything they can to kick the can down the road though. The FHA is offering 1% loans for mortgages, and they're going to let FHA borrowers get 25% of their payment reduced for a few years if they take on 40 yr mortgages. All moves to prevent foreclosures and try to stave off recession in the short term that will bite the economy in the ass long term. Honk honk.Light weight! Light weight baby!!!!
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06-03-2023, 01:05 AM #41
- Join Date: Aug 2006
- Location: Michigan, United States
- Age: 35
- Posts: 20,558
- Rep Power: 198910
Notice how they can't answer that question. Lol. That's because Biden still hasn't created a single job.
And yeah, people are still returning to their original jobs that Democrats locked them out of. Even Twitter had to add a community notes to Biden (actually the intern running his account, because there's no way that old racist vegetable knows how to tweet lol) trying to tout that myth of "job creation"."At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."
- PJ O'Rourke
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06-03-2023, 04:11 AM #42
Utterly false claim
https://fred.stlouisfed.org/series/LES1252881600Q
Market up bigly.
(For reference, since you're unable to let Biden be a big boy and stand on his own, this point in the Trump administration saw the S&P up 30%).
Jobs for everyone.
"The unemployment rate increased by 0.3 percentage point to 3.7 percent in May, and
the number of unemployed persons rose by 440,000 to 6.1 million. The unemployment
rate has ranged from 3.4 percent to 3.7 percent since March 2022."
https://www.bls.gov/news.release/empsit.nr0.htm
What more do you freaking want?Last edited by nutsy54; 06-03-2023 at 04:17 AM.
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