Wow. No way?? Americans have more credit debt than their previous generation? Can you show me what generation of Americans did not have more credit debt than the previous generation? Credit card debt goes up every year for the past century. Americans love living on debt. Median wage for Gen z is more than any other generation in history but who cares let's look at credit debt which has always been going up
Don't forget every month the commerce department releases monthly retail sales which represents the entire retail industry in America. Last month the report showed record retail sales and almost 20% more than 2019 counting for inflation. Do any of these trolls @Os Trigonum @basso post the overall numbers for the overall economy? Of course not cuz it doesn't fit their agenda. Instead they'll find random companies in a milti trillion dollar economy which are doing bad and try claiming these companies represent the econony nd not the other companies which are making record profit. Americans are being brainwashed in real time cuz of disingenuous morons who are hell bent on spewing disinformation
History of credit cards: https://www.experian.com/blogs/ask-experian/the-history-of-credit-cards/#:~:text=BankAmericard,and%20renamed%20Visa%20in%201976 BankAmericard Also in 1958, Bank of America launched BankAmericard, the first consumer credit card that allowed cardholders to revolve a balance from month to month. The BankAmericard brand was later spun off the national bank and renamed Visa in 1976.
You can bash me or call me whatever you want. I've been right all along in this thread while you're siding with Trumpers and MAGA who are hell bent on destroying this country. Congrats for siding with facists
related Dem Houston DA slams ‘broken system’ at border for letting in migrants suspected of killing Jocelyn Nungaray https://nypost.com/2024/06/27/us-ne...-with-ankle-monitors-false-sense-of-security/
Now that crime is plummeting in America the same disingenuous folks are rushing to find stories that help their conspiracies. While trump was POTUS we had over 1300 migrant killings in 2019 alone.
I don't know how sad you have to be to sell your dignity for a subforum people rarely visit. No one is calling you a hero, you lying dog faced pony soldier.
anyway, more evidence Bidenomics is working It’s Home-Building Season, but No One Is Buying Lumber Sawmill closures haven’t stopped wood prices from falling to postpandemic lows https://www.wsj.com/finance/commodi...ess6mxvpkwl&reflink=desktopwebshare_permalink
People aren't buying houses because of interest rates. Edit: and lack of supply driving up prices. This has been thoroughly covered
There are two main categories, existing home supply and new housing. New housing has been cheaper and is more in line with historical home price to income ratio of past years. This is around 15% of the supply The article didn't explicitly say it but home builders had been riding high up until 2024 where now they're using more creative incentives to lower closing costs in order to get rid of their glut of unpurchased homes. Inflation became double edged during construction which made the houses smaller than older homes and also less attractive for homebuyers paying at least 7% in mortgage costs plus a gaggle of other home ownership fees. In California, this can work differently as new housing is gobbled up by hedge funds and private equity as For Rent housing. It's grotesque but hey we let every politician and their coked up grannies dabble in the casino stress free with insider information. Coffee is for closers, so lumber is usually a forward looking indicator that the spigot has run or will run dry for home builders and home renovation on a smaller scale. You might even see an occasional headline of a shill claiming that lowering interest rates would lower housing costs for this very reason. Absolute hogwash designed to feed whatever over leveraged interest they have in the game at the expense of more inflation to Main Street. Fix the housing problem at it's root causes. Quit hacking the Fed to **** things around at the top in hopes of it trickling down to the outcomes you want.
All you post are cut and paste job parroting mis-infomation spreaders, spinning lies about the Fed, whose dual mandate as been to promote full employment and price stability. yet, you you've been repeating their false narratives that the Fed is wreaking / or exploding its balance sheet, exploding the real estate prices, spending reckless, .
