The Biden Economy

[donquixote99]

Whell actually likes being disrespected by people here. There's no other explanation.

[whell]

Originally Posted by finnbow

You do a drive-by after a prolonged absence due to your embarrassment at defending all things Trump and you expect a serious response? LOL.

I just destroyed the comment you made in a prior post, so I guess I got the only response you were capable of. LOL.

[whell]

Originally Posted by donquixote99

Whell actually likes being disrespected by people here. There's no other explanation.

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

[finnbow]

Originally Posted by whell

I just destroyed the comment you made in a prior post, so I guess I got the only response you were capable of. LOL.

I must have missed your alleged destruction of my post. As for the recession you have predicted for the past 3 years, there is still not a hint of its existence. Indeed, the world economy is expected to grow by $8 trillion in 2022 and 2023 to $105 trillion. China will account for none of that gain, the US will account for 45 per cent, and emerging nations for 50 per cent.

Meanwhile, the US economy has consistently outperformed all other First World economies over the same time period while a court has ruled that your Dear Leader built his business empire through fraud. Maybe instead of concocting specious arguments against Biden's handling of the economy, you should focus upon removing yourself from the thrall of an incompetent and dangerous fascist and his brownshirt enablers in the House.

[donquixote99]

Originally Posted by whell

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

You are less than 1/2 right less than 1/2 the time, but that's beside the point. You are obviously here for the reaction, and have been a hostile poster from day 1. Given what the reaction has been and will now certainly always be, with no possibility of variation, I stand by my comment. You like being disrespected by people here.

[Rajoo]

Originally Posted by whell

There's not other explanation but that you have no response to the point that inflation is driving increases consumer spending, spending which is driving those same consumers deeper into debt. This is accompanied by increasing defaults.

Not only that, but these consumers aren't running up debt on their credit cards buying stereos, jewelry, jet skis or other luxury or recreational items. They're running up debt buying essentials.

The survey found that 48% of Americans depend on credit cards to cover essential living expenses. This is more common among younger generations: 59% of millennials use credit cards for living expenses. Conversely, only 29% of boomers rely on credit cards to cover essential expenses.

If posting information like this results in being "disrespected by people here", that's on you guys.

Had to look this one up for laughs because your post cited a "survey" by an agency called Clever Real Estate.

What is Clever Real Estate?

Clever Real Estate is a free, nationwide service that matches sellers and buyers with full-service real estate agents from top brokerages, such as Keller Williams, Coldwell Banker, and Century 21. It offers commission savings and doesn’t charge any hidden fees.

A discount real estate "Tinder" company is an authority in US economy?
I am impressed. (/s)

Yes, credit card debt is increasing but its across various groups. Here is a more credible source when it comes to finances.
Warning: Forbes dropped Trump from their top 400 list.

https://www.forbes.com/sites/forbesf...ebt-heres-why/

[whell]

Originally Posted by finnbow

I must have missed your alleged destruction of my post. As for the recession you have predicted for the past 3 years...

Show me even one of my posts where I "predicted a recession". Let me help you: you won't find one, you lying sack of excrement. The closest I've come is to say that I am, and continue to be, careful about spending and debt because I don't like the current economic conditions.

Originally Posted by finnbow

...there is still not a hint of its existence. Indeed, the world economy is expected to grow by $8 trillion in 2022 and 2023 to $105 trillion. China will account for none of that gain, the US will account for 45 per cent, and emerging nations for 50 per cent.

More bullshit. Such numbers are meaningless without a basis for comparison. No one is predicting huge economic growth as a percentage year over year. The IMF has been conservative in its growth estimates:
https://www.imf.org/en/Publications/...nt%20in%202023. The IMF also predicts that quite a number of countries will outperform the US economic growth forecast in 2023 and 2024:
https://www.imf.org/external/datamap...ADVEC/WEOWORLD

In fact, check out these numbers from the IMF for growth by type of economy:

Emerging market and developing economies: 4%
Advanced economies: 1.5%
World: 3%

HINT: the US economy is considered an "advanced economy".

Originally Posted by finnbow

Meanwhile, the US economy has consistently outperformed all other First World economies over the same time period...

Not according to the IMF: https://www.imf.org/en/Blogs/Article...ng-divergences


Deloitte isn't exactly bullish either: https://www2.deloitte.com/us/en/insi...-analysis.html

Originally Posted by finnbow

Maybe instead of concocting specious arguments against Biden's handling of the economy, you should focus upon removing yourself from the thrall of an incompetent and dangerous fascist and his brownshirt enablers in the House.

Maybe you should broaden your sources of information beyond conventional sources of Dem talking points...or at least become a better liar.

[Chicks]

Tell Whell it's day, and he'll swear up and down it's actually night. Pointless arguing with the fool.

[Dondilion]

Originally Posted by whell

Show me even one of my posts where I "predicted a recession". Let me help you: you won't find one, you lying sack of excrement. The closest I've come is to say that I am, and continue to be, careful about spending and debt because I don't like the current economic conditions.



More bullshit. Such numbers are meaningless without a basis for comparison. No one is predicting huge economic growth as a percentage year over year. The IMF has been conservative in its growth estimates:
https://www.imf.org/en/Publications/...nt%20in%202023. The IMF also predicts that quite a number of countries will outperform the US economic growth forecast in 2023 and 2024:
https://www.imf.org/external/datamap...ADVEC/WEOWORLD

In fact, check out these numbers from the IMF for growth by type of economy:

Emerging market and developing economies: 4%
Advanced economies: 1.5%
World: 3%

HINT: the US economy is considered an "advanced economy".




Not according to the IMF: https://www.imf.org/en/Blogs/Article...ng-divergences


Deloitte isn't exactly bullish either: https://www2.deloitte.com/us/en/insi...-analysis.html



Maybe you should broaden your sources of information beyond conventional sources of Dem talking points...or at least become a better liar.

Your response re economics is substantive. There is no need to succumb to the other stuff.

[donquixote99]

Originally Posted by Dondilion

Your response re economics is substantive. There is no need to succumb to the other stuff.

But the other stuff is the point.