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TF is going on with this economy? Something's gotta give...
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01-16-2022, 05:26 PM
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#1
- Johnez
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- Johnez
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TF is going on with this economy? Something's gotta give...
-Chit tier fast food and gas station jobs starting at $15/hr, employers desperate everywhere for labor (manufacturing, warehouse, trades)
-new and used cars going for $10k more than they used to
-people paying $15 for a big Mac delivered to them
-real estate just keeps going up
-imflation fukking everything up with food, building materials, etc
-Fed stuck b/w rock and a hard place with regards to protecting markets vs stanching inflation.
How is any of this sustainable? I can't imagine this going on for too much longer before we get a "black swan" event.
-new and used cars going for $10k more than they used to
-people paying $15 for a big Mac delivered to them
-real estate just keeps going up
-imflation fukking everything up with food, building materials, etc
-Fed stuck b/w rock and a hard place with regards to protecting markets vs stanching inflation.
How is any of this sustainable? I can't imagine this going on for too much longer before we get a "black swan" event.
Virtue is its own reward.
01-16-2022, 05:29 PM
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#2
01-16-2022, 05:29 PM
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#3
01-16-2022, 05:30 PM
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#4
Andrew Lisa
December 31, 2021·5 min read
Mykola Sosiukin / Getty Images/iStockphoto
Mykola Sosiukin / Getty Images/iStockphoto
In 2021, people selling their houses had an easy go of it — buyers, not so much. The stock market was nearly as hot as the housing market, and while employers struggled to keep their businesses staffed, millions of workers quit jobs that most people would have been happy to have just one year earlier.
With such a wild and unpredictable year in the books, it’s time to look forward to the economy of tomorrow. GOBankingRates asked the experts about what changes appear to be on the horizon for 2022.
The Economy and Your Money: All You Need To Know
Find Out: What To Expect From an Economic Boom
The Red-Hot Housing and Financial Markets Are Likely To Cool Off
Paul Knag is the founder of Ratezip.com, as well as a duly licensed mortgage broker, a marketing lead generator in 26 states and a graduate of Carnegie Mellon and Northwestern universities.
He’s incredibly concise in his predictions for the 2022 economy.
“I believe that a hawkish Fed combined with Omicron uncertainty could bring higher interest rates amid domestic hardship, cooling-off home values and putting pressure on stock and crypto markets in 2022,” Knag said.
There’s plenty of data to back up his points.
Fortune is reporting that exhausted and priced-out homebuyers are finally starting to get a break as housing prices are already cooling slightly after a year where they rose faster than at any period in tabulated U.S. history. That cooling off is expected to continue throughout next year, with Redfin predicting growth of just 3% in December 2022 compared to 2021’s 19.5% year-over-year-growth.
As for the “Omicron uncertainty” that Knag referenced when discussing the stock and crypto markets, COVID variants are precisely what Bank of America cited in a recent report as the chief risk to the 2022 financial markets.
See: How the Stock Market Performed Under Each President
Inflation Will Probably Begin To Recede Halfway Through the Year
Rising prices were one of the biggest stories of the 2021 economy — but will the dollar’s buying power continue to fall in 2022?
“I don’t see inflation ending anytime soon,” said Luke Zhang, financial expert, MBA, and co-founder of the sports site Dunk or Three. “With the lack of workers and a shortage of supplies, it’s clear that inflation will continue to be an issue well into 2022.”
How “well into” 2022 remains to be seen. The National Institute of Economic and Social Research predicts the inflation rate will fall from its current 5.1% to 2.3% by Q4 of 2022.
Dr. Tenpao Lee, professor emeritus of economics and faculty director at Niagara University, thinks it’s safe to assume that prices will keep rising for six months or so.
“We will have significant inflation in the first half of 2022 until the supply chain issues are resolved and the global economy is restructured,” said Lee.
December 31, 2021·5 min read
Mykola Sosiukin / Getty Images/iStockphoto
Mykola Sosiukin / Getty Images/iStockphoto
In 2021, people selling their houses had an easy go of it — buyers, not so much. The stock market was nearly as hot as the housing market, and while employers struggled to keep their businesses staffed, millions of workers quit jobs that most people would have been happy to have just one year earlier.
With such a wild and unpredictable year in the books, it’s time to look forward to the economy of tomorrow. GOBankingRates asked the experts about what changes appear to be on the horizon for 2022.
The Economy and Your Money: All You Need To Know
Find Out: What To Expect From an Economic Boom
The Red-Hot Housing and Financial Markets Are Likely To Cool Off
Paul Knag is the founder of Ratezip.com, as well as a duly licensed mortgage broker, a marketing lead generator in 26 states and a graduate of Carnegie Mellon and Northwestern universities.
He’s incredibly concise in his predictions for the 2022 economy.
“I believe that a hawkish Fed combined with Omicron uncertainty could bring higher interest rates amid domestic hardship, cooling-off home values and putting pressure on stock and crypto markets in 2022,” Knag said.
There’s plenty of data to back up his points.
Fortune is reporting that exhausted and priced-out homebuyers are finally starting to get a break as housing prices are already cooling slightly after a year where they rose faster than at any period in tabulated U.S. history. That cooling off is expected to continue throughout next year, with Redfin predicting growth of just 3% in December 2022 compared to 2021’s 19.5% year-over-year-growth.
As for the “Omicron uncertainty” that Knag referenced when discussing the stock and crypto markets, COVID variants are precisely what Bank of America cited in a recent report as the chief risk to the 2022 financial markets.
See: How the Stock Market Performed Under Each President
Inflation Will Probably Begin To Recede Halfway Through the Year
Rising prices were one of the biggest stories of the 2021 economy — but will the dollar’s buying power continue to fall in 2022?
“I don’t see inflation ending anytime soon,” said Luke Zhang, financial expert, MBA, and co-founder of the sports site Dunk or Three. “With the lack of workers and a shortage of supplies, it’s clear that inflation will continue to be an issue well into 2022.”
How “well into” 2022 remains to be seen. The National Institute of Economic and Social Research predicts the inflation rate will fall from its current 5.1% to 2.3% by Q4 of 2022.
Dr. Tenpao Lee, professor emeritus of economics and faculty director at Niagara University, thinks it’s safe to assume that prices will keep rising for six months or so.
“We will have significant inflation in the first half of 2022 until the supply chain issues are resolved and the global economy is restructured,” said Lee.
01-16-2022, 05:36 PM
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#5
- BrianDaMan
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- BrianDaMan
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oh there will be more 'black swans' worse than covid to complete the great reset.
01-16-2022, 05:37 PM
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#6
- r32gojirra
- Registered NEET
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- r32gojirra
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The final brick in the wall separating the owners of capital and the providers of labour
This is it boyos
Hope you’re happy with the side you picked
There ain’t no more crossing over
This is it boyos
Hope you’re happy with the side you picked
There ain’t no more crossing over
01-16-2022, 05:53 PM
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#7
- Destor
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- Destor
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I think some stuff will pull back, like cars, and some of this is gonna be longer-term
But in general, a crazy swing up in prices incentivizes the thing in question. So if cars suddenly sell for a lot more money, manufacturers will start making a lot more cars to take advantage of the prices.
If supply increases and starts outpacing demand, that dynamic can flip hard in the opposite direction
But in general, a crazy swing up in prices incentivizes the thing in question. So if cars suddenly sell for a lot more money, manufacturers will start making a lot more cars to take advantage of the prices.
If supply increases and starts outpacing demand, that dynamic can flip hard in the opposite direction
01-16-2022, 06:18 PM
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#8
Originally Posted By Destor⏩
I don't know that I would bet on that. If they are getting higher margins per unit then there isn't really an incentive to push out too many units, especially if competitors are also keeping supply low.I think some stuff will pull back, like cars, and some of this is gonna be longer-term
But in general, a crazy swing up in prices incentivizes the thing in question.So if cars suddenly sell for a lot more money, manufacturers will start making a lot more cars to take advantage of the prices.
If supply increases and starts outpacing demand, that dynamic can flip hard in the opposite direction
But in general, a crazy swing up in prices incentivizes the thing in question.So if cars suddenly sell for a lot more money, manufacturers will start making a lot more cars to take advantage of the prices.
If supply increases and starts outpacing demand, that dynamic can flip hard in the opposite direction
They keep telling us that the consumer price index was actually increasing at a faster rate back in 1982, but whenever the corporate media makes such a claim they are not being honest.
The way that the consumer price index is calculated has been changed more than two dozen times since 1980, and every single time it has been changed the goal was to make the rate of inflation look smaller.
According to John Williams of shadowstats.com, if the consumer price index was still calculated the way it was back in 1990, the official rate of inflation would be above 10 percent right now.
And if the consumer price index was still calculated the way it was back in 1980, the official rate of inflation would be above 15 percent right now.
But 7 percent sounds a whole lot better than 15 percent, doesn’t it?
The way that the consumer price index is calculated has been changed more than two dozen times since 1980, and every single time it has been changed the goal was to make the rate of inflation look smaller.
According to John Williams of shadowstats.com, if the consumer price index was still calculated the way it was back in 1990, the official rate of inflation would be above 10 percent right now.
And if the consumer price index was still calculated the way it was back in 1980, the official rate of inflation would be above 15 percent right now.
But 7 percent sounds a whole lot better than 15 percent, doesn’t it?
INTP Crew
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01-16-2022, 06:26 PM
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#9
01-16-2022, 06:28 PM
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#10
- Fatkidwholifts
- Not actually fat or a kid
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- Fatkidwholifts
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Went to chit tier Arizona pizza the other day and they wanted $16 for a mediocre chicken sandwich. Phukkin *******s
Once upon a time:
405
315
455
Currently Washed up.
01-16-2022, 06:29 PM
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#11
- ConTroLFreaKK
- Soon...
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- ConTroLFreaKK
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Originally Posted By inkie77⏩
Lmfao fkn negged for a pointless wall of text nobodys gonna readA
++ Always take shirt off before taking a chit crew ++
++ Balcony brah supporter crew ++
++ Use a soundboard to order pizza crew ++
++ Sniff hard as fuk when a girl walks by to smell her vag crew ++
++ Positivity crew ++
01-16-2022, 06:30 PM
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#12
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
- Buy high, sell higher.
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My stock portfolio has been getting obliterated to ash and yet a meal at wendys is still $13.88....
I dont even.
I dont even.
01-16-2022, 06:36 PM
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#13
- DevilMayRage
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Originally Posted By buwbs⏩
Those fuking refueling stations for electric cuckmobiles have been showing up at every grocery store in my area without anyone asking for them. No one uses them yet they are showing up....I imagine much like vaccine mandates that this will be forced on us as well. Hell, we will see limits on miles we can drive with the way its going.more electric cars = less tax profits on gasoline
i reckon they are all fighting each other at this point
elon vs oil barons
usa vs china
hollywood vs youtube
******** vs tiktok
crypto vs stocks
etc etc
i reckon they are all fighting each other at this point
elon vs oil barons
usa vs china
hollywood vs youtube
******** vs tiktok
crypto vs stocks
etc etc
Never Relax
01-16-2022, 06:42 PM
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#14
The economy is a complete mess and inflation is here to stay. Reaping what we sow from printing 23% of the money supply in one year to prop up demand in the face of a collapsing supply side.
Now they're talking about raising interest rates by 25 basis points four times in 2022 and not even start Quantitative tightening, while inflation is (allegedly) at 7% lol.
I see shortages, $150 a barrel oil and massive social unrest on the horizon for 2022.
Now they're talking about raising interest rates by 25 basis points four times in 2022 and not even start Quantitative tightening, while inflation is (allegedly) at 7% lol.
I see shortages, $150 a barrel oil and massive social unrest on the horizon for 2022.
01-16-2022, 06:44 PM
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#15
- SaviorSelfJT
- clownslayer
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- SaviorSelfJT
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Originally Posted By MNGA1⏩
Inflation is way higher than 7%The economy is a complete mess and inflation is here to stay. Reaping what we sow from printing 23% of the money supply in one year to prop up demand in the face of a collapsing supply side.
Now they're talking about raising interest rates by 25 basis points four times in 2022 and not even start Quantitative tightening, while inflation is (allegedly) at 7% lol.
I see shortages, $150 a barrel oil and massive social unrest on the horizon for 2022.
Now they're talking about raising interest rates by 25 basis points four times in 2022 and not even start Quantitative tightening, while inflation is (allegedly) at 7% lol.
I see shortages, $150 a barrel oil and massive social unrest on the horizon for 2022.
And the problem with raising interest rates, is our government debt is so massive, raising it even just a tiny bit will increase our interest payments massively and we can't afford that
We're fuked srs
Best lifts:
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Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
01-16-2022, 06:46 PM
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#16
- DolphinPilot
- Join Date: May 2015
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Originally Posted By DevilMayRage⏩
Former governor of my state (Oregon) wanted to have a mileage tax, targeted at people who drove hybrids. The idea is people are getting better gas mileage but the gas tax revenue isn't able to stretch far enough to pay to repave roads every so many years. You go to a station to fill up and it takes an odometer reading, charges you tax accordingly.Those fuking refueling stations for electric cuckmobiles have been showing up at every grocery store in my area without anyone asking for them. No one uses them yet they are showing up....I imagine much like vaccine mandates that this will be forced on us as well. Hell, we will see limits on miles we can drive with the way its going.
It was struck down but I guarantee it's going to be a new tax soon enough
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