Signs of our local bad economy getting much worse!

**PanRonnie** · 08-12-2024, 12:52 PM

I am not so sure.

**powerabout** · 08-12-2024, 07:46 PM

The last gfc didnt fix much so will the next gfc fix more of the debt which will be more painful?
The glass steagall act and now the Dodd Frank acts have tried to stop it but the bankers that caused the crashes in the usa lobby to remove them
I've not read anything that shows the benefit to the population of Wall street banks, it seems just a mechanism to make a few very rich at the expense of the greater population
The crooked part of banking is its all about today, they can take a commission and retire and who cares about tomorrow that the rest of us have to live in.
Taking a bonus on a derivative but looses the bank billions in later years.
Other countries have tried to reign it in UK and the EU but its fully out of control in the USA

**David - WI** · 08-19-2024, 11:36 AM

CNBC reported on Monday that the layoffs will impact a total of more than 1,000 workers within the automaker’s software and services unit. They are global in nature.

GM said the company "must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact" as the company "build[s] GM's future."

https://www.foxbusiness.com/markets/...vices-division

As president Trump would say, "Biii–dennn–nomm–icsss!"

**RiverRat71** · 08-28-2024, 08:37 PM

Democraps have to lie about everything. RR
https://www.newsmax.com/newsmax-tv/biden-fake-jobs/2024/08/28/id/1178271/

**Chaz** · 08-28-2024, 09:46 PM

Originally Posted by RiverRat71

Democraps have to lie about everything. RR
https://www.newsmax.com/newsmax-tv/biden-fake-jobs/2024/08/28/id/1178271/

Because as we all know .. (well there are maybe a few idiots left) that when they have nothing positive .. all they can do is make something up ..

**powerabout** · 08-28-2024, 10:42 PM

buffett has continued selling up...
He has seen this before

**CUDA** · 09-05-2024, 06:00 AM

https://youtu.be/6HHPDw8pWPs?si=zFQPzk-ELuXXsT7i

https://youtu.be/4z-jcWWWROI?si=YTxtSrQAHbGKHICq

**PanRonnie** · 09-05-2024, 11:53 PM

Putting all your eggs in one basket is never a good idea then when things start to go wrong trying to borrow your way out of it
Things seem to turn around now with Milei

**PanRonnie** · 09-06-2024, 05:35 AM

Also something to think about

**JOSEPH SHULMAN** · 09-07-2024, 11:42 AM

Originally Posted by powerabout

merc warehouses are full of unsold engines thats why they have idled the lines and were 6 months ago so my insider told me

When are they going on sale?

**powerabout** · 09-08-2024, 02:08 AM

Originally Posted by JOSEPH SHULMAN

When are they going on sale?

dealer will know
I know the large European boat builders all have deals as they are starting to get factories full of stock
USA has been in recession for a year or so but nobody told Biden

**CUDA** · 09-08-2024, 08:17 AM

https://finance.yahoo.com/news/one-u...193011060.html

By the time President Joe Biden’s four-year term ends next January, it’s increasingly likely he’ll be able to say, "No recession happened on my watch."

The last recession was the deep but short COVID downturn that ran from February to April of 2020, during Donald Trump’s fourth year as president. The economy has mostly expanded since, and economists think that is likely to continue. The Bloomberg consensus outlook is a 30% chance of recession during the next 12 months, which is the lowest level in two years. At this time in 2023, the outlook was a 65% chance of recession within 12 months.

**powerabout** · 09-08-2024, 08:28 AM

Originally Posted by CUDA

https://finance.yahoo.com/news/one-u...193011060.html

By the time President Joe Biden’s four-year term ends next January, it’s increasingly likely he’ll be able to say, "No recession happened on my watch."

The last recession was the deep but short COVID downturn that ran from February to April of 2020, during Donald Trump’s fourth year as president. The economy has mostly expanded since, and economists think that is likely to continue. The Bloomberg consensus outlook is a 30% chance of recession during the next 12 months, which is the lowest level in two years. At this time in 2023, the outlook was a 65% chance of recession within 12 months.

you are living in dreamland.
How about the debt he has added?
A record for 4 years.??

**PanRonnie** · 09-08-2024, 09:04 AM

These graphs don't build confidense

**Chaz** · 09-08-2024, 10:50 AM

Originally Posted by powerabout

you are living in dreamland.
How about the debt he has added?
A record for 4 years.??

Power Ole Boy ... we have been a rudderless ship for the last three and a half years. Well at least not by any legally elected officials. The one that was placed in office has been sleeping in a beach chair for the last month.
The land CRAB's are only good for eating decaying garbage. They say you are what you eat ..