debt

[Left Seater]

As far as the debt topic, what n one has mentioned is that people may feel more comfortable taking on debt today than they did a year ago, two years ago, or four years ago.

This certainly applies for the Seaters. We recently purchased a condo for my in-laws. We also purchased a place in CO. No way we would have made either purchase in 2008 or 2012 or even 2016. But the economy in our area is humming along, the business is expanding and the future is bright.

When you feel comfortable, it is easier to take on more debt.

[Softball Bat]

When you feel comfortable, it is easier to take on more debt.

Your net worth is in the black, right?

How much "debt" are you really in?


I think many folks are taking on debt because they have to.

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

[Left Seater]

My net worth has zero to do with our decisions. We feel comfortable with our jobs and the direction of the economy and made choices based on that.

Decisions we weren’t comfortable making even a few years ago.

[Kierland]

Even though, in hindsight, it was only because you hated the black guy in office, because there were no actual signs it was a bad idea.

[Softball Bat]

Nationally, the debt was 19.5 trillion dollars when Donald took over.
Now it is 22.3 trillion.
On track to be over 24 trillion next year.
This trend shows no end in sight.

Incomes go up, so does debt.

LMAO!



What is that supposed to mean, Duhrron?

[Left Seater]

I think many folks are taking on debt because they have to.

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

I missed this last night but you are making my point. A house, new cars every couple of years, Facebook worthy vacations, designer handbags and glasses. People care more about keeping up with the Joneses when they feel more comfortable with their financial situation.

[Screw_Michigan]

You got a link for this? Of course you don’t. Throwing more money at education hasn’t helped. We spend more today than we did in 2000, 1990, 1980 etc. How much more do you want to spend without seeing results?

Facts are facts. Sorry you got an inferior education. I thought Rice grads were smart?

[Left Seater]

You got a link for this? Of course you don’t. Throwing more money at education hasn’t helped. We spend more today than we did in 2000, 1990, 1980 etc. How much more do you want to spend without seeing results?

Facts are facts. Sorry you got an inferior education. I thought Rice grads were smart?

Then it should be very easy for you to link us up to some facts to back it up.

[Screw_Michigan]

Then it should be very easy for you to link us up to some facts to back it up.

I'm not your personal Google. I know they don't teach you these things in Tejas. That's what happens when you grow up in a region that devalues education spending.

[Left Seater]

Then it should be very easy for you to link us up to some facts to back it up.

I'm not your personal Google. I know they don't teach you these things in Tejas. That's what happens when you grow up in a region that devalues education spending.

Translation, you got nothing.

[Screw_Michigan]

Translation, you got nothing.

I got common sense, which you clearly lack.

[Left Seater]

Translation, you got nothing.

I got common sense, which you clearly lack.

Racism isn’t common sense.

[Screw_Michigan]

Here you go Left Shitter. Put on your edumuchcation cap.

The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’

Look! Conservative news source! VVV

https://www.wsj.com/articles/the-souths ... ge=1&pos=2

NATCHEZ, Miss.—The American South spent much of the past century trying to overcome its position as the country’s poorest and least-developed region, with considerable success: By the 2009 recession it had nearly caught up economically with its northern and western neighbors.

That trend has now reversed. Since 2009, the South’s convergence has turned to divergence, as the region recorded the country’s slowest growth in output and wages, the lowest labor-force participation rate and the highest unemployment rate.

Behind the reversal: The policies that drove the region’s catch-up—relatively low taxes and low wages that attracted factories and blue-collar jobs—have proven inadequate in an expanding economy where the forces of globalization favor cities with concentrations of capital and educated workers.

“Those policies worked before, then they became fundamental constraints on the [South’s] long-term growth,” said Richard Florida, an urbanization expert at the University of Toronto.

To diversify and lure manufacturing, southern states, starting with Arkansas in 1947, began passing right-to-work laws that weakened unions and kept taxes lower than in the wealthier North. And they spent less, especially on education: an average of $1,869 per student in 2009 dollars, in 1960, compared with $2,741 nationwide, according to the Education Department. In part, this reflected the long shadow of slavery. In the Jim Crow era white taxpayers and politicians resisted spending that benefited blacks, according to historians.

Now fuck off

[Softball Bat]

I think many folks are taking on debt because they have to.

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

I missed this last night but you are making my point. A house, new cars every couple of years, Facebook worthy vacations, designer handbags and glasses. People care more about keeping up with the Joneses when they feel more comfortable with their financial situation.

Sometimes you can tell how out of touch a person is by the things they post.

Vacations?
Designer bags?
Designer glasses?
New cars every couple of years?

lol


Dude, the labor force participation rate plummeted in 2001 and it has never come back up.
A lot of common folks are hurting and are taking on debt to scrape by.

The fed shows massive deficits and interest rates that have been grotesquely suppressed for a freaking decade.
Wtf?
This is not healthy.

This "great economy" is a farce.

[Left Seater]

Sometimes you can tell how out of touch a person is by the things they post.

Vacations?
Designer bags?
Designer glasses?
New cars every couple of years?

I have zero designer bags and don't believe the wife does either. Designer glasses, nope. New cars every few years, also a no. We tend to purchase our vehicles, not lease them. But then again the company buys our vehicles.

I just pointed out some examples of keeping up with the Joneses. You are the one who brought it up, remember?

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

So, are you now walking that statement back?

[Left Seater]

Props to you Screwy, you found a line that somewhat supports your ridiculous take. Never mind there are no facts to back it up, just a so says historians line.

[Screw_Michigan]

Props to you Screwy, you found a line that somewhat supports your ridiculous take. Never mind there are no facts to back it up, just a so says historians line.

It's basic common sense. If you had any, you'd understand.

[Kierland]

BrokenPsyche is yellow, greedy and fat. He has no time for common sense.

[Derron]

Even though, in hindsight, it was only because you hated the black guy in office, because there were no actual signs it was a bad idea.

The fact he was black had fuck all to do with it. He was an idiot, and with Pelosi and Chuck Hummer as his cohorts, who knows what could happen.

[Derron]

I think many folks are taking on debt because they have to.

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

Personal decisions there. Make a bad one and suffer the consequences.

A lot of common folks are hurting and are taking on debt to scrape by.

Can you expound on that a bit...???

[Screw_Michigan]

The fact he was black had fuck all to do with it. He was an idiot, and with Pelosi and Chuck Hummer as his cohorts, who knows what could happen.

He should have opened a hotel right next to the White House for easier graft.

[Softball Bat]

Or at least they have to in order to maintain a lifestyle that they consider to be suitably comfortable.

So, are you now walking that statement back?

Of course not.

I never said anything about designer bags, glasses, new cars, etc.

"Maintain a lifestyle" can also mean that you go into debt so that you can keep your 2008 Ford Focus operating, and not have to walk to both of the two jobs you desperately need to hang on to.
Or you go into debt to pay your $800 a month rent so that you don't have to move back in with mom and dad.

The bottom line is that the last time we saw this level of debt, the U.S. financial system imploded.
Not the debt problem is much worse than it was then.

So yeah...

[Left Seater]

Yeah an 11 year old Ford Focus and not living with Mom and Dad is a long way from maintaining a lifestyle that is considered to be suitably comfortable.

One day your financial predictions/dreams will come true, but that day is likely a long time off.


But spin on.

[Softball Bat]

Only 41% of American adults reported having enough money in the bank to cover an unexpected expense of $500.

https://money.cnn.com/2017/01/12/pf/ame ... index.html


The "Ford Focus" and "fear of having to move in with mom and dad" encompasses a lot more people than "designer bags, new cars, etc."


You are out of touch and frankly not real smart.

[Left Seater]

Not real smart, says the guy who thinks the earth is flat.

[Softball Bat]

The smart people who have been clued in to how ridiculous the globe is have long ago dismissed it.

Not surprising at all that you are -----> "behind the curve."




#dummy

[smackaholic]

Everything is "behind the curve", if you get far enough from it, pop.

[Jay in Phoenix]

I never said anything about designer bags, glasses, new cars, etc.

So yeah...

Except for the fact that you said...

Vacations?
Designer bags?
Designer glasses?
New cars every couple of years?

Care to explain that 'tart?

[Left Seater]

The smart people who have been clued in to how ridiculous the globe is have long ago dismissed it.

Not surprising at all that you are -----> "behind the curve."

Because you agree with lunacy, doesn't make the other loons, "smart."

[Softball Bat]

I never said anything about designer bags, glasses, new cars, etc.

So yeah...

Except for the fact that you said...

Vacations?
Designer bags?
Designer glasses?
New cars every couple of years?

Care to explain that 'tart?

Jayne *pops* into the thread like a jack in the box as soon as flat earth is mentioned, and he posts the above stupidity?

LOL


ummm...

Go back and read the thread, girlfriend.
See who brought those things into discussion

Learn how to read a thread, dummy.


Message Board 101





#unreal

[Softball Bat]

The smart people who have been clued in to how ridiculous the globe is have long ago dismissed it.

Not surprising at all that you are -----> "behind the curve."

Because you agree with lunacy, doesn't make the other loons, "smart."

Start a thread and post about your globe, flat earth, or whatever you want.

Would be entertaining.


And would also go as poorly for you as it has in the past.

[Left Seater]

And would also go as poorly for you as it has in the past.

Now that is funny. Keep bringing the funny. Like flat earth and stock market crash.

[Shlomart Ben Yisrael]

...and stock market crash.

He's got you on that one, 'tart...

:(

I was planning on a Planet Of The Apes, post-apocalyptic hellscape over-run with CHUDs and mutants...
I feel cheated. :(

[Softball Bat]

stock market crash

For which I've given no date.

I have relayed that I am -----> 70% cash, 30% short.



Good luck.

You'll need it.

[Shlomart Ben Yisrael]

For which I've given no date.

Our Sun will eventually contract, before going supernova and extinguishing all traces of our Solar System...


...but I'm giving no date.



plan accordingly

you'll be sorry

remember that I told you this

[Shlomart Ben Yisrael]

cash

short

[Shlomart Ben Yisrael]

[Screw_Michigan]

[Softball Bat]

Empire State manufacturing index posts largest-ever drop into negative territory in June

The numbers: The New York Fed’s Empire State business conditions index took a sharp turn for the worse in
June, falling into negative territory for the first time in more than two years.

The Empire State manufacturing index plummeted 26.4 points to negative 8.6 in June, the New York Fed said Monday.
That’s a record decline...

What happened: There was broad-based weakness in the report. A key metric, the new-orders index, sank
21.7 points to -12 in June. Shipments fell 6.6 points to 9.7...



https://www.marketwatch.com/story/empir ... 2019-06-17

https://www.newyorkfed.org/survey/empir ... rview.html