DEJA VUE......down the drain

www.forbes.com/sites/pedrodacosta/2021/1...sts/?sh=57b7102d1c7b

2007 was foreseeable,BUT the financial gurus missed it by a mile. 2021 tracks like a"twin"....R THEY BLIND? R WE PREPARED?

A recession at the end of 2021 should help the Republicans take back the Senate and House. By then we will have seen months of White House incompetence on solving the issues that face this nation. No wonder Biden wants to blow 3.5 trillion dollars, he hopes that throwing all that money around will keep the economy chugging along. But what happens when you give people tons of money and nothing to spend it on? Inflation shoots up.

If the Republicans take back the Legislature the results might well be a reining in of spending (though I doubt it), gridlock in getting appointments through the Senate, more governing via executive order, and finally a huge increase in litigation.
Perhaps there would be investigations in the House and Senate of the dirty laundry of the Biden Administration, e.g. Hunter's Laptop.
The Trump Presidency made transparent the bipartisan swamp, see the attempt to repeal Obamacare. I have no illusions that Republican control will change the course. The Legislature has ceded its power to the Executive; one point that Homeagain and I agree.

Once the Democrats succeed in giving more free stuff to Americans, Republicans will never have the will to take the free stuff back or they risk losing their cushy careers.

I'm actually surprised that Democrats haven't revived their failed "everybody deserves to own a home" nonsense that helped to kill the economy last time... enough time has passed that most of the sheep should have already forgotten.

www.washingtonpost.com/business/2021/11/...zgxODlhZGU0ZTIxNjcwM

DOW DOWN one K just this am, global doesn't look good either.....a BLIP or a BEAR COMING OUT OF HIDING?

markets.businessinsider.com/news/bonds/h...mac-economist-2022-6

An already punctured US housing market is set to deteriorate to levels witnessed in 2006, a Freddie Mac economist tweeted Thursday.

"The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006. It hasn't shown up in many data series yet, but mortgage applications are pointing to a large decline over summer. Purchase apps down 40% from seasonally adjusted peak," Len Kiefer said.

10/2021 was my prediction.....it's STUNNING that the "gurus'' GOT IT WRONG AGAIN.....IT WAS A FAST FREIGHT TRAIN flying down the track.

The housing market badly needs a correction. Housing prices shouldn't be increasing by 10% per year. Housing sales plummeted so badly that mortgage rates are actually coming back down. Recession looming?

homeagain wrote: www.forbes.com/sites/pedrodacosta/2021/1...sts/?sh=57b7102d1c7b

2007 was foreseeable,BUT the financial gurus missed it by a mile. 2021 tracks like a"twin"....R THEY BLIND? R WE PREPARED?

that was then,this NOW........

markets.businessinsider.com/news/stocks/...riticises-fed-2022-6

Current Fed chair Jerome Powell admitted in a congressional hearing in March that it should have acted earlier.

"Hindsight says we should have moved earlier," Powell said, per Bloomberg. "It's just taking so much longer for the supply side to heal than we thought."

I simply DO NOT understand,(really)......I am NOT a financial fanatic,I could see BOTH OF THESE
FUBARS a mile away....proactive,forward thinking is NOT a thought process that was in place. The
"PLAN" seemed to be "let the economy engine run and If it approaches the "red line",THEN we will
watch it and adjust accordingly.

You and the rest of the Biden voters should be praising and thanking Manchin and Sinnema for preventing inflation from being much much worse. Those two people pretty much saved millions of people from a faster road to poverty, but your Democrats will not give up trying to destroy us.

Rick wrote: You and the rest of the Biden voters should be praising and thanking Manchin and Sinnema for preventing inflation from being much much worse. Those two people pretty much saved millions of people from a faster road to poverty, but your Democrats will not give up trying to destroy us.

AHEM.....

President George W. Bush
President George W. Bush asked Congress on September 20, 2008 for the authority to spend as much as $700 billion to purchase troubled mortgage assets and contain the financial crisis. I sorry, but the BLAME IS EQUALLY DISTRIBUTED.