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Message
re: The economy is just broken
Posted on 5/19/24 at 9:10 am to Bamajedi
Posted on 5/19/24 at 9:10 am to Bamajedi
Man what’s really fricked is that you can’t buy ANY NEW Tacoma with a 6ft bed, xtra cab, stick and 4WD.
Those four parts are no longer available, all together.
Guess I’ll keep my ‘08 longer.
Those four parts are no longer available, all together.
Guess I’ll keep my ‘08 longer.
1
Posted on 5/19/24 at 9:11 am to FLBooGoTigs1
quote:
I am just calling out the head of this country that is paying for other people's wars and forgiving things like student loans and letting anyone and everyone in this country illegally. I could keep going but I won't.
You're bitching about peanuts, FYI.
Posted on 5/19/24 at 9:12 am to Bamajedi
quote:
True, but even 84 months makes the truck $800/month. Here in Birmingham, a nice (safe) 1BD apartment is going for $1,500+ a month. This isn't sustainable.
I don't know how any of this gets walked back either. One has to wonder if this new extreme disparity between cost of living and wages is the new normal moving forward.
Posted on 5/19/24 at 9:13 am to Bamajedi
quote:
Only folks with a irresponsible financial outlook can afford these things. Economy wrecked going forward.
If people could just stop spending obnoxious amounts of money on stupid shite, prices would partially decline.
All of that being said, we are at the tipping points of haves and have nots. I'd be terrified if my household was below 150 gross.
This post was edited on 5/19/24 at 9:14 am
Posted on 5/19/24 at 9:15 am to Bamajedi
It wasn’t a conspiracy theory when so many of us were repeating their goal for us to own nothing and be happy.
Posted on 5/19/24 at 9:16 am to go_tigres
quote:
I’ll be damned if I don’t see new Tahoe’s, Suburban’s, Wagoneer’s(this show more than just financial stupidity), and quasi luxury brands like Mercedes/BMW’s/Lexi seemingly everywhere even at the $90K+ prices.
I feel like this is a new/stupid money issue. My old zip code was houses around $300k and everyone had a $90k+ new vehicle. Zip code now is $1mm+ (not me, I’m poor) and most people are driving older cars.
There are exceptions: middle eastern baws
Posted on 5/19/24 at 9:19 am to shutterspeed
quote:
I don't know how any of this gets walked back either. One has to wonder if this new extreme disparity between cost of living and wages is the new normal moving forward.
It's not sustainable without credit, and that's before we think about inflation's effects on D2D stuff like food.
We propped up our economy/assets after 2009 with 10 years of QE and ZIRP, to artificially inflate both with trillions of printing/credick liabilities. Then Covid happened and the combination of the negative externalities on the collective world economy and printing trillions in a short period of time, popped that bubble.
The thing that we've wasted so much money trying to prevent has to happen. A deflation in asset prices and a major recession in our economy can't be pushed off anymore. This is going to be a stagflation scenario, too, due to the inflation of the post 2009 economic existence. If we try to push it off again, it's going to collapse the world, basically
Posted on 5/19/24 at 9:20 am to SlowFlowPro
No I am bitching about reality. People like yourself bitch about anything and everything and by that I mean sit at a commuter or phone and act like the leaders of this country aren't fuking it up. One trip to the grocery store or gas station is all that needs to be said.
Posted on 5/19/24 at 9:21 am to Jcorye1
quote:
If people could just stop spending obnoxious amounts of money on stupid shite, prices would partially decline.
That is what the people pulling the strings fear the most, which is why we've amplified our shitshow since this was needed post-2009.
Our society has not adjusted to the inflation rate spike, I imagine because they think it's temporary. Once the market understands that this is the new normal, I think we start to really see prices depress.
The markets we all know are insane (housing, cars) are already starting to crack.
Posted on 5/19/24 at 9:23 am to FLBooGoTigs1
quote:
and act like the leaders of this country aren't fuking it up.
Huh? Where have I said that?
You're just focused on the wrong things. We can't fix this problem cutting the spending you're talking about. It's negligible in the big picture.
I'll put it this way. All of the stuff you posted probably isn't 2 months of Social Security.
quote:
One trip to the grocery store or gas station is all that needs to be said.
That's from a combination of Bush, Obama, Trump, and China. We may not even feel the effects of Biden's spending yet, and his infrastructure bill hasn't really even injected a lot of money into the system yet (it's spread over a long period of time).
Posted on 5/19/24 at 9:24 am to go_tigres
quote:
I’ll be damned if I don’t see new Tahoe’s, Suburban’s, Wagoneer’s(this show more than just financial stupidity), and quasi luxury brands like Mercedes/BMW’s/Lexi seemingly everywhere even at the $90K+ prices.
The mailman who delivers mail out here in rural Humphreys county near my fish farm drives a brand new Denali Tahoe to deliver mail in
Posted on 5/19/24 at 9:26 am to SlowFlowPro
quote:
We may not even feel the effects of Biden's spending yet
That last stimulus bill when the economy was recovering from Covid really threw gas on the fire, although Trump would have done it too. He was campaigning on it.
Posted on 5/19/24 at 9:26 am to deltaland
‘Cheap’ gasoline is modern slavery. Cheap being relative. And yes it is cheap in this country.
Inflation isn’t a bug it is a feature
Inflation isn’t a bug it is a feature
This post was edited on 5/19/24 at 9:35 am
Posted on 5/19/24 at 9:26 am to Bunk Moreland
quote:
I know the Dow hit 40,000, but it feels like the economy is a runaway train right now.
The big money always shifts around and inflates something new. After the housing crisis, it moved to oil and we had a huge spike. Seems that it's moving from housing to equities for the time being.
Posted on 5/19/24 at 9:27 am to fallguy_1978
quote:
That last stimulus bill when the economy was recovering from Covid really threw gas on the fire, although Trump would have done it too. He was campaigning on it.
Trump is yuge spender, too. He's also defending SS and has no plans to target the real spending issues.
It's political suicide to even discuss it, which is why we're so much in debt.
This post was edited on 5/19/24 at 9:28 am
Posted on 5/19/24 at 9:27 am to Bamajedi
quote:
Only folks with a irresponsible financial outlook can afford these things.
This says a lot about how little money you have.
Only financially irresponsible people can afford a $60k car in your mind?
Posted on 5/19/24 at 9:29 am to LSUAngelHere1
quote:
It wasn’t a conspiracy theory when so many of us were repeating their goal for us to own nothing and be happy.
This. People thought they’d come along and outright ban car and home ownership. That would start civil unrest.
The plan is to bleed the working and middle class out of money over the next 6 years until they can’t afford it, then the govt steps in with their “solution” and at that point the masses will accept it. Upper middle class and wealthy will still own stuff. Then the Uber wealthy who can afford security will turn the masses against the upper middle/lower wealthy class (top 5% earners) either through votes or violence to force them into submission via class warfare. Then everyone will be under the thumb of the Uber wealthy billionaire few who will own and control everything through corporate partnerships with our government
Posted on 5/19/24 at 9:33 am to Koach K
quote:
Cheap’ gasoline is modern slavery. Cheap being relative. And yes it is cheap in this country.
I think $3/gallon gas is reasonable. I remember it being 89 cents occasionally when I started driving, but that wasn't the norm. It was more like $1.30 for the most part. That was 30+ years ago. That's probably fairly close to tracking overall inflation.
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