Yeah, I know. And builders only want to make massive 5000sq ft houses that maximize profit margin. Really need the bottom to drop out of this "buy a house for investment" bullshit.
The Economy (2020/21)
- Thread starter rideit
- Start date
This seems nice
That would be $500k here.
Yeah, just a bit higher murder and stabbing rate in any suburb that ends in "-view" here...
Oh noez, teh trickle downz!
Rich Americans' pullback in spending is hurting the economic recovery
Those earning the highest incomes have curbed their spending the most during the pandemic, according to a new report.
money.yahoo.com
We're not rich, but comfortable. After this house project, I expect our spending to half. Even with this, we're still spending 30% less every monthOh noez, teh trickle downz!
Rich Americans' pullback in spending is hurting the economic recovery
Those earning the highest incomes have curbed their spending the most during the pandemic, according to a new report.money.yahoo.com
Oh noez, teh trickle downz!
Rich Americans' pullback in spending is hurting the economic recovery
Those earning the highest incomes have curbed their spending the most during the pandemic, according to a new report.money.yahoo.com
What does that even mean, like only 2 new teslas this year? Only 3 $400 dollar dinners this week?
I don't care what they do until it amounts to "here, I'll pour the foundation for the stick upon which you can put my head in 30minutes"
Come on man, you know this more than most. That's what EVERY rich douchebag in the hamptons and vail says
Nah. We're solid upper-class income, but not rich. Rich people can live off their investments.Come on man, you know this more than most. That's what EVERY rich douchebag in the hamptons and vail says
Edit: read the article while mostly awake this time - apparently CNBC defines rich by income not net worth. In that definition, yes, and that exactly explains our reduced spending - dining, going out, etc
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@kidwoo perhaps nothing new, but a fresh way of looking at it. Health Insurance Shouldn't Be Tied to Employers https://nyti.ms/3dEYHQR
The part where they say that if the American health care system we're it's own country, it would be the world's 4th largest in terms of GDP, is mind boggling to me.
The part where they say that if the American health care system we're it's own country, it would be the world's 4th largest in terms of GDP, is mind boggling to me.
It's such a god damned racket.
I'm che fuckin guevara when it comes to the topic of socialized medicine. I have and do use the healthcare system probably a little more than most people via breaking myself but I can't imagine the shit show this is dealing with covid.
Or anything common like cancer for that matter........
I'm che fuckin guevara when it comes to the topic of socialized medicine. I have and do use the healthcare system probably a little more than most people via breaking myself but I can't imagine the shit show this is dealing with covid.
Or anything common like cancer for that matter........
A coworker who has been laid off with his last day being Thursday, is looking bat a possible cancer diagnosis for his wife tomorrow. If they only had bootstraps.
Tell him you heard how obamacare was a disaster.
Washington doing the insurance exchange thing?
COBRA. It isn't cheap, but 18m of availability. I use it with retirement planning because it's better for equal cost of private plans. Let's you retire at 63.5 with health insurance I told Medicare kicks in.
Over 5,600 fossil fuel companies have taken at least $3bn in US Covid-19 aid
Businesses include oil and gas drillers and coal mine operators, an analysis by Documented and the Guardian finds
www.theguardian.com
Oooff! 9.5% GDP loss this quarter, 32.9% annualised rate!
www.npr.org
This is what Trump is costing you, other than, you know, 150,000 lives.
3 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever
The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Department said Thursday.
www.npr.org
This is what Trump is costing you, other than, you know, 150,000 lives.
But have you seen the stonk market!!Oooff! 9.5% GDP loss this quarter, 32.9% annualised rate!
3 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever
The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Department said Thursday.
This is what Trump is costing you, other than, you know, 150,000 lives.
Some more good news:
“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
cointelegraph.com
“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
US Printed More Money in One Month Than in Two Centuries
The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation?
cointelegraph.com
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR MONEY!!!Some more good news:
“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.”
US Printed More Money in One Month Than in Two Centuries
The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation?
Six to mine months from now, we'll be wishing for merciful zombies.
How much will home equity be worth during a zombie apocalypse? Asking for a friend.
How much will home equity be worth during a zombie apocalypse? Asking for a friend.
I'm the most unamerican motherfucker in this joint.
I bought a house to.....(wait for it)....................................................................live in.
I bought a house to.....(wait for it)....................................................................live in.
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I know this is the 'what's my personal house/stocks worth at this very second' thread but here's something that actually relates to the economy.
Pretty good illustration of what's proposed so far. It's pretty astounding the lack of overlap.
www.nytimes.com
Pretty good illustration of what's proposed so far. It's pretty astounding the lack of overlap.
The Gulf Between Republicans and Democrats on Coronavirus Aid, in 9 Charts (Published 2020)
Democrats and Republicans are far apart on the next round of federal aid to combat the pandemic.
Is it though? I mean, have you been paying attention?
But it's in color. And pictures.
But how's your 401k?
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Speaking of 401k's; someone help me find my tiny violin.
www.houstonchronicle.com
The last three paragraphs are late stage capitalism gold.
Exxon Mobil to stop contributing to its employee 401k plans
Exxon Mobil plans to stop contributing to its employees’ retirement plans this fall to...
The last three paragraphs are late stage capitalism gold.
That gonna be the tip of the iceberg
Local republican candidate was on the street-corner today as I was riding home.
So I asked him what he'll do to make houses cheaper.
He said "did you say houses and not housing?"
Me, "yep".
None of his ideas seemed feasible, more than that he seemed caught off-guard by the question, as everyone with houses just wants the price to go up and the barrier to entry to get higher and higher...
I hope he's on the corner tomorrow, I have more questions.
So I asked him what he'll do to make houses cheaper.
He said "did you say houses and not housing?"
Me, "yep".
None of his ideas seemed feasible, more than that he seemed caught off-guard by the question, as everyone with houses just wants the price to go up and the barrier to entry to get higher and higher...
I hope he's on the corner tomorrow, I have more questions.
Read the article and all the supporting referenced articles - specifically the K-shaped recovery. The data is very reminiscent of 2007 every other pre-bubble burst.
Soaring Stock, Home Prices Will Help The Economy Recover - Bloomberg
Soaring Stock, Home Prices Will Help The Economy Recover - Bloomberg
Bloomberg - Are you a robot?
www.bloomberg.com
I just read bezos is worth ~$170 billion after all the monies he's made this year...
Just to give you some idea how retarded this all is... if he placed this in a goddam SAVINGS account earning a whopping 0.55% interest... he'd make almost a BILLION dollars a year.
His ex-wife is a badass.
www.theguardian.com
MacKenzie Scott: ex-wife of Jeff Bezos gives away $4bn in four months
The 50-year-old, who was married to Amazon boss for 26 years, donates to Covid groups
www.theguardian.com
Scott, who has a personal net worth of more than $60bnHis ex-wife is a badass.
MacKenzie Scott: ex-wife of Jeff Bezos gives away $4bn in four months
The 50-year-old, who was married to Amazon boss for 26 years, donates to Covid groups
Having 60 dollars and tipping 4 dollars does not make you a badass. Especially when one "dollar" buys you a fucking neighborhood.
The funny part though: that still makes her way more human than that monster cueball she married.