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Just when you thought it couldn't get any worse?


https://share.newsbreak.com/2bztdar1

"Housing is almost 20% of the US economy, and almost 20% of the US economy is in a recession right now that will continue into next year," he said.
Interest rate increases to help slow in inflation is what's causing the housing prices to decline.
@BizSuitStacy yes, a 15 year high of 7%
justanothername · 51-55, M
That’s happening around the world. It’s not just a US phenomenon. It just happens that knuckle dragging shit coloured brown shirt right whiners aren’t happy unless they can blame everything going wrong with the economy on Biden.
justanothername · 51-55, M
@checkoutanytime Covid caused lock downs globally which affected supply chains, it’s still affecting supply chains. The war and resulting sanctions are also impacting supply chains.
Covid spending initiated the seeds of inflation and the on going war is not helping anything. A slow down in oil production is impacting everyone every where with stupidily high gas prices.

All that fucks everything up for everyone everywhere.
@justanothername so we should stop sending our corporations to China, and focus on national sustainability moving forward, and get away from global aspirations that cause these short cummings you are saying?

My state was not locked down. The state government employees were the only ones that didn't have to go to work, teachers.
justanothername · 51-55, M
@checkoutanytime You don’t have to worry about that, the zero Covid lockdown mind set that China has adopted has impacted every US company with operations in China. They are all setting up elsewhere. Of course the bigger the operation the longer it takes to set up in another country.
scrood · 31-35
Most of these are hugely overpriced for luxury buyers and new construction is being strangled by regulations

https://worldpopulationreview.com/state-rankings/median-home-price-by-state
FreestyleArt · 31-35, M
And California is already ahead of that. That 20% is just a Cherry on top
EatTheRichUSA · 22-25, M
We suffer for the rich’s pockets. This government does nothing but hurt us.
@EatTheRichUSA the uni party only cares about being elected, Soros spent 136 million on"mid terms" to prove that.
CorvusBlackthorne · 100+, M
How interesting. Tell me, how is President Biden destroying the global economy all by himself?
@CorvusBlackthorne he was creating jobs, the majority of manufacturing left under Clinton, minus that and our economy would be less bumpy and the supply chain would never of been disrupted.
CorvusBlackthorne · 100+, M
@checkoutanytime President Biden has brought the unemployment rate to a fifty-year low. Your thoughts?
@CorvusBlackthorne part-time jobs dont pay the bills, arent meant to.
This message was deleted by its author.
@MarmeeMarch https://twitter.com/FreyjaTarte/status/1599414115415379968?t=Rblb4UQE8Xl0CBMINdtZJQ&s=19
This message was deleted by its author.
@MarmeeMarch please view this, friend, it says much adu of the nothing Biden vision.

 
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