Armageddon wrote:BREAKING: Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York - Reuters
Gee, I wonder who’s been saying that?
ME!!!
Peace
Armageddon wrote:BREAKING: Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York - Reuters
Gee, I wonder who’s been saying that?
Armageddon wrote:BREAKING: Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York - Reuters
Gee, I wonder who’s been saying that?
Armageddon wrote:Households debt rose at the fastest pace in 15 years, with credit card debt rising the most in 20 years, as inflation forced more Americans to borrow to pay their bills. Total debt jumped by $351 billion to $16.5 trillion in Q3, the largest nominal quarterly increase since 2007.
AdamB wrote:
You and VT love the guy,
vtsnowedin wrote:AdamB wrote:
You and VT love the guy,
If you think I love Trump you have very poor reading comprehension or something that is not to be stated here to stay inside the rules of decorum.
.
vtsnowedin wrote:AdamB wrote:
You and VT love the guy,
If you think I love Trump you have very poor reading comprehension or something that is not to be stated here to stay inside the rules of decorum.
.
AdamB wrote:You and VT love the guy, his leadership or the party, nothing wrong with that,
AdamB wrote:vtsnowedin wrote:AdamB wrote:
You and VT love the guy,
If you think I love Trump you have very poor reading comprehension or something that is not to be stated here to stay inside the rules of decorum.
.
First, you shouldn't have edited the quote, because you took me out of context.
The fuller quote that include the follow on modifier, was:AdamB wrote:You and VT love the guy, his leadership or the party, nothing wrong with that,
After that comma VT, was "his leadership or the party". I didn't claim you were thrilled with both, but certainly you are with one, and not the other. I am aware that you have claimed to not be happy with the seditionist traitor running YOUR PARTY. So, decorum is to quote properly before pretending I meant something I did not.
For the record I believe you that you aren't happy with the LEADER OF YOUR PARTY. I wouldn't want to be associated with a traitor running any organization I am involved with either, be it the PTA or bridge club. But it is YOUR PARTY, so don't forget to cheer them on because, you know, you can't do anything else.
AdamB wrote:You and VT love the guy, his leadership or the party, nothing wrong with that,
vtsnowedin wrote:BS I quoted your segment as is including the comma.
vtsnowedin wrote:Segments of a sentence between commas are thoughts in themselves and any reader would read that as I love Trump.
vtsnowedin wrote:You are wrong...
vtsnowedin wrote:....your opinions about my beliefs are wrong,
vtsnowedin wrote:...and your advice about how I should deal with the Republican party is both wrong and unwanted.
Armageddon wrote:Home Builder Buyer Traffic just hit early-2008 Levels.
I'm not sure people have fully grasped how bad this Housing Recession/Crash is.
vtsnowedin wrote:Armageddon wrote:Home Builder Buyer Traffic just hit early-2008 Levels.
I'm not sure people have fully grasped how bad this Housing Recession/Crash is.
I don't see Crash as the correct term.People are stalled in that they can't or wont borrow money at these rates but that means they stay where they are while they wait it out. The home builders will have to switch over to smaller remodeling projects that don't require loans. Tough for that segment of the economy but not a crash or crisis. It will not surprise me if new housing starts drop to the levels near where they were when Volker had mortgage rates at 18%.
If we get to that I'll call it a crash.
https://www.aier.org/article/volcker-an ... -for-2022/
Armageddon wrote:vtsnowedin wrote:Armageddon wrote:Home Builder Buyer Traffic just hit early-2008 Levels.
I'm not sure people have fully grasped how bad this Housing Recession/Crash is.
I don't see Crash as the correct term.People are stalled in that they can't or wont borrow money at these rates but that means they stay where they are while they wait it out. The home builders will have to switch over to smaller remodeling projects that don't require loans. Tough for that segment of the economy but not a crash or crisis. It will not surprise me if new housing starts drop to the levels near where they were when Volker had mortgage rates at 18%.
If we get to that I'll call it a crash.
https://www.aier.org/article/volcker-an ... -for-2022/
Home builders don’t do remodeling projects, they build homes.
Armageddon wrote:I'm not sure people have fully grasped how bad this Housing Recession/Crash is.
vtsnowedin wrote:Armageddon wrote:Home builders don’t do remodeling projects, they build homes.
The big corporate ones yes, but around here the smaller operations divide the work between both and move to the one that is in demand at the moment. In hard times you have to be flexible to survive.
vtsnowedin wrote:Armageddon wrote:vtsnowedin wrote:Armageddon wrote:Home Builder Buyer Traffic just hit early-2008 Levels.
I'm not sure people have fully grasped how bad this Housing Recession/Crash is.
I don't see Crash as the correct term.People are stalled in that they can't or wont borrow money at these rates but that means they stay where they are while they wait it out. The home builders will have to switch over to smaller remodeling projects that don't require loans. Tough for that segment of the economy but not a crash or crisis. It will not surprise me if new housing starts drop to the levels near where they were when Volker had mortgage rates at 18%.
If we get to that I'll call it a crash.
https://www.aier.org/article/volcker-an ... -for-2022/
Home builders don’t do remodeling projects, they build homes.
The big corporate ones yes, but around here the smaller operations divide the work between both and move to the one that is in demand at the moment. In hard times you have to be flexible to survive.
Having lived through the Carter years while building my house I have a very good idea of what is coming. And it is not uncharted waters, just a very bad song played over again.Armageddon wrote:
All the home building around here in the suburbs of STL are the big home builders. Also, as home prices decline and rates go up, remodeling will plummet too. No more taking out the equity and using it for home improvements either. You people have no idea what’s coming. This is uncharted waters with raising rates rates into a recession with record debt on every level.
Armageddon wrote: You people have no idea what’s coming.
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