Anyone else looking sideways at this? Trump fires the chief responsible for jobs numbers, and now they’ve suddenly got “new data” to argue that it’s all actually Biden’s fault? Looks like cooking to me.
I don’t trust a single goddamn thing that comes out of the pedo nazi’s fascist regime.
I posted this a few months back and it is still anecdotal but in the Houston metroplex I have noticed a significant amount of commercial for lease signs and it seems to be increasing with time. That is concerning because commercial real estate is often built on credit (mortgages) then the tenant’s payments go to pay the loans. When occupancy goes down, the ability to pay that loan goes down until its unsustainable and it goes into default.
If you default on you home loan of say $300,000, its your problem and the bank has recourse and gets your asset. When a commercial loan of $5,000,000 defaults and no one was renting it already, the bank gets the asset but it’s not “worth” anything other than the building/land and it is harder for the bank to recoup that value.
When that happens en-masse, that’s a problem for the bank… Which makes it a problem for the economy, and it becomes a problem for all of us. This has been going on for a while and no one is doing anything about it. The cliff looks to be approaching.
I’ve noticed the same. But weirdly they are also building more industrial buildings, just in different areas. I assume because it’s cheaper to build a new building than to deal with an old 40 year old one.
It’s going to be a global quagmire. France is basically underwater and the EU probably isn’t strong enough to bail them out. China still has property finance problems, even if they did a good job keeping it out of the news.
Stagflation.
Learn about it. Educate yourself and prepare accordingly.
This is gonna suck immensely. For all of us. Unless you’re on the top line of our K shaped economy. Ask your parents or grandparents about it.
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Cause they’re also trying to combat inflation caused by tarrifs.
While lowered interest rates can make money cheaper and spur the economy, tariffs are causing inflation to tick up again. So we’ve got a slowing economy with rising inflation, basically a position the Fed is I’ll equipped to deal with.
In summaru everyone who’s not wealthy is in for a fun time regardless of what they do.
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That’s really a feature to them, not a bug.
I just got my tariff and duty bills in at my job for late august. Many of the aluminum parts we sell are 50% more now. I just lost THOUSANDS on already processed orders because of these illegal tariffs.
I really wish all the business’s would sue the nazi regime for these tariffs as they are illegal and never approved by congress.
All of us are about to see some CRAZY price hikes on aluminum and steel products. Hope you all have been saving since November when we all knew the US was done for.
I just saw some bubbleheaded dumbass on Faux talk about how we have to “dig out from four years of Biden being feckless” or some such craziness.
I mean, I guess we should all thank our lucky stars that only a certain set of special people can see what a hot mess the Biden economy truly was, even if normal people could see all the stats for themselves…it must be a special vision they have, much like RFK being able to see “mitochondrial challenges” in others.
Also, if Kamala had won, we might have had a genocide in Gaza or something, I’m told, so there’s that…
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