I’m in the transportation sector. Things are so slow and have been so slow for such a long time that nobody can convince me that “we are in a strong economy”. I’m willing to bet that further down the road “the numbers” will be revised and what everyday people have been feeling on the ground for some time now will be confirmed: that we were indeed in a recession. It’s an election year. If you believe that the unemployment numbers aren’t doctored and that bad economic data isn’t suppressed then I have some beachfront property to sell you in Colorado.
We, my spouse and I spent the past 24 yrs living along the I 25 corridor. From Co Springs up to Ft. Collins. It is crazy what has happened to real estate and rents. There are lots of people like us who have left. 2 BR apartment in Centennial going for 2,600$ Mo rent - South Metro Denver. We are now in a 2 BR Apt in New Albany, IN that is 1,000$ month. It truly was fantastic while it lasted, but income levels are not matching up with this crazy-ness. I see this and am concerned about Florida where I have family and friends. Prices are terrible there and you have the insane tropical weather also.
Boat cruises? Vacation packages? Luxury goods? High tech devices? Yes, these unnecessary items ( things we call them the Wants not the Needs ) are declining in prices .... in recessionary time
I thought 1 report didn’t make a trend. We have been told based on the CPI for 3 months going on 4 months that it’s not a trend unless we see more data showing inflation going back up but we get the first bad and it being bad is debatable employment report and all of a sudden we must be trending quickly into a layoff trend.
The most burning geopolitical issues that the country is currently facing have political solutions. Our politicians, for various reasons, choose not to go down that path. Regarding healthcare, our politicians could have reigned on healthcare costs by deploying similar measures introduced in other developed countries to make healthcare accessible and available to everyone. Most politicians refused to do so out of fear of alienating their donor base. At the end of the day, it's always ordinary people who literally pay the price for their shortsightedness, selfishness and stubbornness.
I’m in the transportation sector. Things are so slow and have been so slow for such a long time that nobody can convince me that “we are in a strong economy”. I’m willing to bet that further down the road “the numbers” will be revised and what everyday people have been feeling on the ground for some time now will be confirmed: that we were indeed in a recession.
It’s an election year. If you believe that the unemployment numbers aren’t doctored and that bad economic data isn’t suppressed then I have some beachfront property to sell you in Colorado.
Californiarado
I got some swamp land for sale and a bridge to nowhere,prices are only going to increase
Beach front property in Colorado 🤣
We, my spouse and I spent the past 24 yrs living along the I 25 corridor. From Co Springs up to Ft. Collins. It is crazy what has happened to real estate and rents. There are lots of people like us who have left. 2 BR apartment in Centennial going for 2,600$ Mo rent - South Metro Denver. We are now in a 2 BR Apt in New Albany, IN that is 1,000$ month. It truly was fantastic while it lasted, but income levels are not matching up with this crazy-ness. I see this and am concerned about Florida where I have family and friends. Prices are terrible there and you have the insane tropical weather also.
Boat cruises? Vacation packages? Luxury goods? High tech devices? Yes, these unnecessary items ( things we call them the Wants not the Needs ) are declining in prices .... in recessionary time
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Freight will tell you more about where the economy is going than any economist can predict. If they aren't hauling it, we aren't buying it
Good information 👍
I thought 1 report didn’t make a trend. We have been told based on the CPI for 3 months going on 4 months that it’s not a trend unless we see more data showing inflation going back up but we get the first bad and it being bad is debatable employment report and all of a sudden we must be trending quickly into a layoff trend.
The most burning geopolitical issues that the country is currently facing have political solutions. Our politicians, for various reasons, choose not to go down that path.
Regarding healthcare, our politicians could have reigned on healthcare costs by deploying similar measures introduced in other developed countries to make healthcare accessible and available to everyone. Most politicians refused to do so out of fear of alienating their donor base.
At the end of the day, it's always ordinary people who literally pay the price for their shortsightedness, selfishness and stubbornness.
Fat returns - phat - is that a technical term for a positive return?
the FED will be cutting multiple times before this year is done........ DiMartino is confused about the supposed inflation 🤔
? They will cut at most 1 time. And that will be to see where it goes. They may very well raise if inflation/CPI continues to rise.
Blah blah blah.
Sassy
She keeps being wrong and her calls are more and more desperate. Now we're in a secret recession only she knows about LOL
She is right, you are wrong LOL
She hit it right on the nail. She has right on all of. The economy. Nobody's spending. I'm in a construction business and sales are down.
Builders can't build and bet the finished homes will be affordable
Wrong again, she's a broken record...wrong for years now
She predicted this whole thing. What are you talking about? That is why she is the most requested economist to talk to right now.