I have been saying that the markets would be declining for about two years at some point. There's too much data that says we're in a recession already. 70% of the people and possibly more live paycheck to paycheck. That doesn't happen in a good economy.
With all the credit defaults that have been happening over the last 6-18 months there's no way that the economy has been good in the US, Canada, Germany, Australia, the UK and elsewhere. Plenty of vehicle loans, commercial and residential foreclosures and defaults are and have been happening with more to come. It's obvious that some economists don't pay attention to all the data or even Biden and his administration or Trump and his administration, nor the media and business networks and plenty of people. People refuse to believe and see the truth and would rather believe the lies they hear and have heard.
This isn't the result of Trump. Billionaires and multi-billionaires don't sell off their holdings and move into other areas if they see a gain coming in what they've been in. This doesn't happen overnight and has been going on for months and over a year. Warren Buffett and others see how well things are going to be and Eve warned about it besides myself and others. They move on into something better.
True, but they lie about numbers, under just about every administration to make it look good so people don't panic. But still, 70% living paycheck to paycheck, 82% now say the economy sucks and it has for more than five to eight months, too many ghost jobs, too many complaining they can't find work including myself and my friends and even former co-workers, jobs numbers revised downward for more than 14 months after initial reports, etc.
Billionaires and multi-billionaires as well as multi-millionaires don't sell stocks if they believe they're going to be able to make more, don't move into Treasury bonds or gold if they're already making more with their investments.
Many of the best investors and billionaires say we're going into recession and we finally will officially. Even with the now into the trillions supposedly being invested into new or continuing businesses over the next year or two, it doesn't look great with many other factors, especially credit and debt. Not to mention them increasing the national debt which tightens the credit markets for business and consumers.
Well, we'll see. I say we're going to be in a recession officially between July of this year and April of 2026.
Markets will be down another 12-18% or more than the recent lows later on. Unless they lie a lot more.
Corporations would like no taxation at all. But they're just going to be more greedy than ever I will bet, wages won't really move up much if you exclude the top 10-20%. The average and median wages are lower excluding those at the top, but they like to manipulate numbers just like with jobs, economic data, etc.
Plus, the greedy will continue in their greed, be blinded by it, keep us from making more or sharing the wealth. Not every rich person is greedy, selfish or ignoble; some are actually pretty good, just not enough.
LanguageMan1 •
With all the credit defaults that have been happening over the last 6-18 months there's no way that the economy has been good in the US, Canada, Germany, Australia, the UK and elsewhere. Plenty of vehicle loans, commercial and residential foreclosures and defaults are and have been happening with more to come. It's obvious that some economists don't pay attention to all the data or even Biden and his administration or Trump and his administration, nor the media and business networks and plenty of people. People refuse to believe and see the truth and would rather believe the lies they hear and have heard.
This isn't the result of Trump. Billionaires and multi-billionaires don't sell off their holdings and move into other areas if they see a gain coming in what they've been in. This doesn't happen overnight and has been going on for months and over a year. Warren Buffett and others see how well things are going to be and Eve warned about it besides myself and others. They move on into something better.
RememberUsAlways •
I agree with you that the US "#customer #economy" and the #middleclass have been in #Depression since #Covid.
LanguageMan1 •
Billionaires and multi-billionaires as well as multi-millionaires don't sell stocks if they believe they're going to be able to make more, don't move into Treasury bonds or gold if they're already making more with their investments.
Many of the best investors and billionaires say we're going into recession and we finally will officially. Even with the now into the trillions supposedly being invested into new or continuing businesses over the next year or two, it doesn't look great with many other factors, especially credit and debt. Not to mention them increasing the national debt which tightens the credit markets for business and consumers.
Well, we'll see. I say we're going to be in a recession officially between July of this year and April of 2026.
Markets will be down another 12-18% or more than the recent lows later on. Unless they lie a lot more.
RememberUsAlways •
I'm almost certain this is the only issue driving Republicans and US corporate and until they take this vote, all other issues are simply neglected.
It's been their entire focus since 2017.
https://thehill.com/homenews/senate/5208215-republicans-trump-tax-agenda-congress/
LanguageMan1 •
LanguageMan1 •
trumpresistance •
RememberUsAlways •