US Economy contracts 1.4% (aka 4 or 5% , since they lie about everything), How bad is it really?

[888theGreat]

Is this the beginning of the end?

Really bad

OK

About to collapse

Updates

+1 y

Foreclosures up 181% for the year friends. I told you all it was coming.

[Goforit1010]

Biden's making all the right moves to totally destroy the US - period - not just our economy. And the lefties, Democrats, liberals, progressives (whatever their label is this week), all believe he's doing the right things and actually "helping" the country. That is all of them, except those up for re-election in Nov.

I remember the Carter days. He did similar things. I remember extremely high inflation, home mortgage rates well into double digits. People had their retirement savings wiped out. Gas prices then, nearly doubled from about $0.35/gal to about $0.65/gal. Biden has been 100% useless during the 48+years he's spent in Gov't, with absolutely NOTHING to show for that time.

There's no way anyone is going to convince me he wasn't cheated/installed into the Presidency. 81 Million, my ass! As long as Biden's in office, EVERYTHING is going to get worse... A LOT WORSE. This country is in for an extremely difficult 2.5 more years, if not a LOT longer to repair the damage Biden's imposing on the nation. Vote R this fall so we can at least have a chance to recover somewhat from this mess.

[exitseven]

I think the figures will be adjusted downwards in the next couple of months.

[888theGreat]

I think increased

[Anonymous]

the inflation is out of control , typical building lot that was $50,000 here like maybe 5 years ago is now $400,000 does that even make any sense? you used to be able to buy an entire house and lot for that a few years ago , now thats just for the lot , the lot , piece of land and some trees no house built yet

[exitseven]

it is crazy. I get postcrds from realtors ll the time telling me my house is worth a million dollars. The problem is if I sell kit I still have to live someplace.

[Opinion Owner]

@exitseven is some homes around here priced that high too , one near the river and was re built all fancy but been for sale at that price for a while and no one seems to be jumping at it

is a lot down the street at $400,000 or a bit more i can't recall but its not even a flat lot and rocky hillside , no idea if its sold yet only went up for sale a week ago , person who is selling the lot paid like $200,000 or less for entire property a few years ago , now trying to claim 1 rocky lot worth close to half a million , crazy

[exitseven]

There was ahouse a little smaller than mine up the street from me that went for over a million dollars. It was a lot fancier than my house but it had the garage under nd my garage was added onto the house and has a loft over it.

[exitseven]

Thanks for the MHO😎

[Opinion Owner]

@exitseven it doesn't appear there is a lot or any buyers for that lot , it went up last week and potential buyers were given a chance to make an offer but no sign anyone bought it , so maybe the price was too high

[exitseven]

all you need is one person to think that lot is worth the money.

[Opinion Owner]

@exitseven my theory was someone from outside this area ( the city ) might buy it not a local at that price

[Sevenpointfive]

that graph is 10-13 years old and it appears trump got us back into the economy. i'd hate to see the updated version of that graph haha

[DCooper]

It's about what those of us with more than half a brain expected.

[jamesgoldman]

Great for us in the metals business as more will be coming our way

[joeldalton]

Stagflation is coming. Carter 2.0