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Post by tigercpa on Nov 13, 2023 21:15:58 GMT
Curious as to your thoughts...what's good, what's bad and what is just worrisome?
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Post by ajbuckeye on Nov 13, 2023 21:54:05 GMT
Consumer goods have increased at a much faster rate than income growth for the vast majority of people. More and more people are livihng paycheck to paycheck and personal debt is clearly on the rise.
Worrisome:
The attach on energy has had a huge impact on all consumer goods. When you decide to put a halt on using your own natural resources and replace those with either tapping into our strategic reserve and again become dependent on outside source you put a huge stress on both our economy and political position in the world.
The open borders policy current in place is going to bite us very hard and most likely in many different ways. Currently in Cali it is a free for all in some cities when you have policies that you can't arrest someone if they still from you as long as it is under X amount of dollars. What do you think all of the illegal aliens are going to do when they can't find work to sustain themselves but still have mouths to feed. Doesn't take a rocket scientist to figure that one out. And let's not forget those nations that view us as the enemy. How many bad actors have come across the border. Where did the go and what will their next move be? You may think 911 is bad but I think we are now for more suseptible to much much worse.
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Post by EvilVodka on Nov 14, 2023 0:22:26 GMT
Curious as to your thoughts...what's good, what's bad and what is just worrisome? It's all great! keep voting blue  |
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Post by tigercpa on Nov 14, 2023 13:30:25 GMT
Curious as to your thoughts...what's good, what's bad and what is just worrisome? It's all great! keep voting blue You have fallen and hit your head. |
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Post by tigercpa on Nov 14, 2023 13:55:05 GMT
I see commercial real estate as a big concern.....lots of concentration, especially among the regional and smaller banks.
Jobs and inflation also concerning. Inflation continues to push prices high.
Fidelity reported that 401k hardship withdrawals are high and increasing.
Taxes ands insurance - many of my clients are already expressing doubt on some of their commercial real estate investments that used to cash flow very well, but with the increase in insurance rates and taxes, now...not so much.
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Post by tigercpa on Nov 14, 2023 13:59:54 GMT
 Many measures of inflation out there.... |
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Post by bluehen on Nov 14, 2023 15:45:30 GMT
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Post by EvilVodka on Nov 14, 2023 16:07:25 GMT
Trump memes don't really address the state of the economy
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Post by EvilVodka on Nov 14, 2023 16:08:16 GMT
Many measures of inflation out there.... I'm more pro-actual inflation in the context of that photo |
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Post by bluehen on Nov 14, 2023 17:09:10 GMT
Trump memes don't really address the state of the economy
Oh I know... but I like your 'inflation' post. Lots of humor out there. |
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Post by aufan on Nov 14, 2023 17:37:12 GMT
The ever widening gap between rich and poor is the most worrisome part about the economy.
For example, over 20% of single family homes were bought as an investment in 2021, and. It surprisingly single family rental market grew 40% in the same year. This is great for people who can afford to buy homes as investments, awful for those who cannot.
Capital will continue to accumulate at the top. Some think this is a good thing and should be encouraged, while others realize this is a bad thing a will lead to more instability for most of society.
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Post by EvilVodka on Nov 14, 2023 18:03:17 GMT
The ever widening gap between rich and poor is the most worrisome part about the economy. For example, over 20% of single family homes were bought as an investment in 2021, and. It surprisingly single family rental market grew 40% in the same year. This is great for people who can afford to buy homes as investments, awful for those who cannot. Capital will continue to accumulate at the top. Some think this is a good thing and should be encouraged, while others realize this is a bad thing a will lead to more instability for most of society.
I can't imagine who would think its a good thing...
Obviously, this is very bad
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Post by tigercpa on Nov 14, 2023 18:53:13 GMT
The ever widening gap between rich and poor is the most worrisome part about the economy. For example, over 20% of single family homes were bought as an investment in 2021, and. It surprisingly single family rental market grew 40% in the same year. This is great for people who can afford to buy homes as investments, awful for those who cannot. Capital will continue to accumulate at the top. Some think this is a good thing and should be encouraged, while others realize this is a bad thing a will lead to more instability for most of society. so how do we combat this gap? Part of it has to be education? Opportunity? What else? |
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Post by ajbuckeye on Nov 14, 2023 19:16:50 GMT
Many measures of inflation out there.... Now that I understand. Too funny |
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Post by Bevo on Nov 14, 2023 20:07:16 GMT
The $2 Trillion current debt concerns me. Especially, when it is still increasing rapidly due to higher interest rates. The INTEREST along now is almost $1Trillion per year. Higher than ANY other expense in the Federal budget. It is my 50 year fear coming true. One way or the other, we're going broke.
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