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Thread: U.S. economy deteriorating with alarming speed

  1. #21

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    Here is another layoff update from Cornell. Little extra story on the right, if you are receiving UI benefits you may be losing money in the long run, obviously..
    I expect that I will become an UI candidate eventually myself. I had a lucrative government IT job but resigned so my manager could hire another H1B. It was a messy situation that I do not miss, women are very good at turning men against themselves, and the work environment was very toxic. The Karens they sent me this last time finally broke me.

    Government minions are very complicit now in selling out the American people. Now, instead of working with a managerial force that is all white women, in a government office that was all white except for it turning into a workforce from India, I work in a production facility that is probably only 50% white.

    I worked hard for many years in this life so that I'm not in a bind financially, and welcome doing labor now vs. hunching over a desk dealing with allot of physically and mentally sick people. I miss making things happen, bringing people together to solve computer problems, keeping my workgroup from infighting, and in general saving the government money, but when new leadership comes in turning good people against one another, inflating the budget, and breaking things .. it's laughable, it's government at it's finest really.

    https://www.centralillinoisproud.com...offs-underway/

  2. #22

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    NYC IS DEAD FOREVER. HERE'S WHY


    Now it's completely dead. "But NYC always always bounces back." No. Not this time. "But NYC is the center of the financial universe. Opportunities will flourish here again." Not this time.


    https://www.linkedin.com/pulse/nyc-d...ames-altucher/

  3. #23

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    U.S. hits fiscal cliff with jobs, economic recovery in the balance

    The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.


    https://www.reuters.com/article/us-u...-idUSKCN2592C1

  4. #24

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    Quote Originally Posted by Silver and Gold View Post
    U.S. hits fiscal cliff with jobs, economic recovery in the balance

    The U.S. push to fire up its economy in the middle of a pandemic remained stalled last week with signs the lapse of emergency unemployment benefits and business grants may have begun taking a toll.


    https://www.reuters.com/article/us-u...-idUSKCN2592C1
    I don't Know but, Ive been Told...
    Joe B. and Kamela Are going to Save us All
    x3

  5. #25

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    Quote Originally Posted by Silver and Gold View Post
    NYC IS DEAD FOREVER. HERE'S WHY


    Now it's completely dead. "But NYC always always bounces back." No. Not this time. "But NYC is the center of the financial universe. Opportunities will flourish here again." Not this time.


    https://www.linkedin.com/pulse/nyc-d...ames-altucher/
    I believe that NYC will bounce back, but in a different form. This may be an opportunity to push all or most of the non-1% types out of that little corner of leftist utopia & make it into more of a closed club after all the smoke clears. the people who make the big moves, plan far in advance.

  6. #26

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    some wonder why those mexican and other big towns of civilized people suddenly were abandoned, Maybe that phenomenon is happening under our eyes.
    Towns can implode, people just abandon them because cannot afford to live there anymore...

    Golditiki2+++

  7. #27

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    Loans For 1st-Time Homebuyers See Record Delinquencies

    https://www.npr.org/sections/coronavirus-live-updates/2020/08/18/903524495/a-record-number-of-homeowners-with-fha-loans-are-late-on-payments

  8. #28
    Join Date
    Jun 2020
    Posts
    1,504

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    And this is no accident ............
    The Fed Now Owns Nearly One Third of All US Mortgages

    Just yet another example of their Magical Fiat Currency ...........
    Created from nothing and at no effort or cost and it once again and as always returns the Real Assets.
    This Gig started in 2008 FC, with the backing and buying of Freddie Mac & Fannie Mae (QE)

    Throw the economy once again into the crapper via one or more "crisis's" and poof "They will get it all!!"

    https://www.thestreet.com/mishtalk/e...l-us-mortgages
    "nearly $2 trillion in mortgages .. own 34% of the mortgage universe"
    Last edited by GOLDnSILVERchips; 09-09-2020 at 05:25 AM.

  9. #29

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    Quote Originally Posted by GOLDnSILVERchips View Post
    And this is no accident ............
    The Fed Now Owns Nearly One Third of All US Mortgages

    Just yet another example of their Magical Fiat Currency ...........
    Created from nothing and at no effort or cost and it once again and as always returns the Real Assets.
    This Gig started in 2008 FC, with the backing and buying of Freddie Mac & Fannie Mae (QE)

    Throw the economy once again into the crapper via one or more "crisis's" and poof "They will get it all!!"

    https://www.thestreet.com/mishtalk/e...l-us-mortgages
    "nearly $2 trillion in mortgages .. own 34% of the mortgage universe"
    But, it's OK cause they are looking out for us and all..
    x3

  10. #30

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    What do others think of the expiration of the PPP (payroll protection plan), come October 1st. I know some airlines are chomping at the bit to layoff, their must be other corporations or economic sectors ready to do same.

    I took the advice of others out her and paid my mortgage off this year. I could have made a better return with the money in equities, but it wasn't much to pay down, 50k or so. But, the condo dues and taxes are still 7 thousand a year, the mortgage was 6k. Here in WI, every place I've lived at the mortgage was always cheaper than taxes and upkeep.

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