US consumers are cutting back in spending

[Saltwater60]

Lots of recession warning signs and with March inflation number approaching 9% this will get worse.
As inflation bites and America's mood darkens, higher-income consumers are cutting back, too

 

[meketrefe]

duh!

 

[tirwin1]

Welcome to the stagflation of the 1970's. The only thing that cured it was a huge increase in interest rates by the federal reserve. That was 40 years ago when the total debt was closer to $2 trillion instead of $30 trillion. A huge increase in rates means more money will have to go towards interest payments which means we need to issue more debt, which means......well, you get the idea. What worked back then probably won't work now.

There ain't no offramps on the freeway to hell!

 

[Dr. Evil]

Brandon voters/supporters, please tell me again how well everything is going since that meanie is no longer in the White House. Maybe the more times you'll tell me the more I'll believe you.

 

[Saltwater60]

More bad news. Fed balance sheet reduction will have massive impact, El-Erian says

 

[Bigfoot]

What really sucks is that this was self inflicted. It didn't have to be this way.

But the America hating leftists aren't going to let a stolen election and a installed puppet of a President go to waste. Biden of all people did not get the most votes in history for a Presidential candidate. That's bullshit right there. But I suppose that's another discussion for another thread.

Remember how Trump had the economy rolling before the scamdemic hit? That could be accomplished again with some competent America first leadership. Leadership that will tell the America hating Green New Deal leftist fucks to fuck off with their pie in the sky shit.

But that won't happen, the combination of mail in ballots and Dominion Voting Systems will see to that. We are not voting our way out of this one. That's what happens when an election is stolen and the judicial system and more importantly the citizenry does nothing about it.

It's going to get worse, and then it's going to get even worse than that.
Be prepared the best you can.

If this post is to far off topic it wasn't my intention.

 

[TEOTWAWKI inc.]

I'm spending more, and getting less. That's not the same thing.

 

[livingston]

What really sucks is that this was self inflicted. It didn't have to be this way.

But the America hating leftists aren't going to let a stolen election and a installed puppet of a President go to waste. Biden of all people did not get the most votes in history for a Presidential candidate. That's bullshit right there. But I suppose that's another discussion for another thread.

Remember how Trump had the economy rolling before the scamdemic hit? That could be accomplished again with some competent America first leadership. Leadership that will tell the America hating Green New Deal leftist fucks to fuck off with their pie in the sky shit.

But that won't happen, the combination of mail in ballots and Dominion Voting Systems will see to that. We are not voting our way out of this one. That's what happens when an election is stolen and the judicial system and more importantly the citizenry does nothing about it.

It's going to get worse, and then it's going to get even worse than that.
Be prepared the best you can.

If this post is to far off topic it wasn't my intention.

They did not have to shut down the economy.... The elites decided who wins and losers be dammed. ... Main street shut down... Walmart open for business and they did a record sales for the period. Now the ones that did survive .. Mom and pop USA... Few have a reserve to fall back on ... Let this downturn ... Recession /Depression hit Your main street will never be the same . Businesses closed... property taxes not paid. Auctions at the court house steps. ... Big time ... We are just at the start of this disaster . Wait until the little kiddies cannot get the newest phone ...

 

[SonOfSun]

Brandon voters/supporters, please tell me again how well everything is going since that meanie is no longer in the White House. Maybe the more times you'll tell me the more I'll believe you.

Your president still loves you.

 

[Stuckinny]

We are just at the start of this disaster . Wait until the little kiddies cannot get the newest phone ...

The little kiddies will always have the newest phones, same with the welfare recipients. It is anyone that works, or is retired without a cushy government pension that will take it up the a$$. Parents will protect the kids, who will grow up to remember these times under democratic rule as the best of times because they fought systemic racism and global warming. Government will take care of illegals and welfare recipients who will remember the good times they had with all their free time, and free shit. Yeah, we are screwed, big time. We being the ones that paid, or still pay the bills.

What was the subject again?

 

[Grimscale]

Parents will protect the kids, who will grow up to remember these times under democratic rule as the best of times

If a parent is doing their job right, no the kids won't.

I grew up in a poor family. I knew we were poor. I knew my parents were doing what they could to give us a good life. And I knew a good portion of this was due to fiscal irresponsibility, not only on the part of my parents, but also on the part of the .gov.

I respect my parents for what they tried to do.
I hate my .gov for the crimes they commit that they are not held accountable for.

 

[Saltwater60]

If a parent is doing their job right, no the kids won't.

I grew up in a poor family. I knew we were poor. I knew my parents were doing what they could to give us a good life. And I knew a good portion of this was due to fiscal irresponsibility, not only on the part of my parents, but also on the part of the .gov.

I respect my parents for what they tried to do.
I hate my .gov for the crimes they commit that they are not held accountable for.

If I tell my kids no they know it means no. I’m not poor, but I don’t give my kids everything either. They have a lot, but if I think it’s stupid or useless I’ll say I’m not spending my money on that so you want to and 9/10-10/10 they say nah I see what you mean. It’s all in the approach.

 

[Saltwater60]

Lumber is now sliding as home improvements slow due to inflation.

 

[tirwin1]

If I tell my kids no they know it means no. I’m not poor, but I don’t give my kids everything either. They have a lot, but if I think it’s stupid or useless I’ll say I’m not spending my money on that so you want to and 9/10-10/10 they say nah I see what you mean. It’s all in the approach.

The best thing we ever did was to give our kids a little money to spend. We quickly saw a change in their behavior. When mom and dad bought everything there was no end to the requests. When they had to start spending their own money....the requests dropped dramatically and they learned how to become thrifty buyers.

 

[meketrefe]

Maybe we loose the worlds 1st position as senseless and wasteful consumers.
China wont know what to do?
Where can they find all those millions of professional shopaholics and hoarders.

 

[Steal2B]

Well, if you are not spending it to prep or investing in lead and brass

I Bond’s variable rate will rise to 9.62% with the May reset

May 2, 2022 update: Treasury holds I Bond’s fixed rate at 0.0%; composite rate soars to 9.62%. By David Enna, Tipswatch.com Based on the March inflation report, which concluded the six-month rate s…

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