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The Water Cooler
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2024 economic outlook
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<blockquote data-quote="TANSTAAFL" data-source="post: 4185245" data-attributes="member: 27098"><p>I think the economy will do okay up to November, the dems and elite know the numbers need to be reasonable and believable when they lie. They know what needs to happen for the numbers to look good. However, after the election, they will let it go to heck (assuming there is one) regardless of who wins, if it is a repub they will let it collapse really quickly since they still will be in power up to January 20th 2024. If it is a dem that wins, they will still let it collapse, so they can claim they need to institute massive controls to prevent that from happening again. Just a guess, watch the market, it could definitely collapse before then and give them an excuse to possibly cancel elections due to civil unrest (yes, I am wearing a tinfoil hat at times.) Also watch billionaires, what are many doing right now? Building survival bunkers.</p><p></p><p>Things to watch for, Cars, Loans and Pricing. Average LTV for a car is 125% with a $700 payment. Watch for Defaults. </p><p></p><p>Student loan payments (they resumed in October, 54% are now late.)</p><p></p><p>Mortgage Rates and Inflation - Dems want it that way for new underprivileged housing housing programs </p><p></p><p>Defaults on Mortgages - COL way up, many will be losing there homes just low enough to be under the radar of most.</p><p></p><p>Further dollar devaluation on foreign markets </p><p></p><p>Inflation can change very quickly, more than likely moderate. </p><p></p><p>Stock market, bitcoin and precious metals prices, probably go up on all three fronts.</p><p></p><p>The goal is to get rid of the middle class, not crash the economy.</p></blockquote><p></p>
[QUOTE="TANSTAAFL, post: 4185245, member: 27098"] I think the economy will do okay up to November, the dems and elite know the numbers need to be reasonable and believable when they lie. They know what needs to happen for the numbers to look good. However, after the election, they will let it go to heck (assuming there is one) regardless of who wins, if it is a repub they will let it collapse really quickly since they still will be in power up to January 20th 2024. If it is a dem that wins, they will still let it collapse, so they can claim they need to institute massive controls to prevent that from happening again. Just a guess, watch the market, it could definitely collapse before then and give them an excuse to possibly cancel elections due to civil unrest (yes, I am wearing a tinfoil hat at times.) Also watch billionaires, what are many doing right now? Building survival bunkers. Things to watch for, Cars, Loans and Pricing. Average LTV for a car is 125% with a $700 payment. Watch for Defaults. Student loan payments (they resumed in October, 54% are now late.) Mortgage Rates and Inflation - Dems want it that way for new underprivileged housing housing programs Defaults on Mortgages - COL way up, many will be losing there homes just low enough to be under the radar of most. Further dollar devaluation on foreign markets Inflation can change very quickly, more than likely moderate. Stock market, bitcoin and precious metals prices, probably go up on all three fronts. The goal is to get rid of the middle class, not crash the economy. [/QUOTE]
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