Surviving the crash

[VinnieBoomBah]

View attachment 1425520

Before I clicked it all I could see wa "Go West" and I thought you were making a Pet Shop Boys reference

 

[Knobgoblin]

Before I clicked it all I could see wa "Go West" and I thought you were making a Pet Shop Boys reference

Kicking in chairs and knocking down tables??

 

[VinnieBoomBah]

Kicking in chairs and knocking down tables??

 

[Xaevian]

Well, if you've got the brawn, I've got the brain...

 

[ma96782]

Aloha, Mark

 

[ATCclears]

https://mishtalk.com/economics/fed-minutes-include-expectation-of-no-rate-cuts-through-january-2024

 

[The Heretic]

This Australian family refused to sell their home, now the property is surrounded by a suburb and could be worth $33 million — here's why land is still the ultimate hold

Holding on to real estate could work out for you, too.

finance.yahoo.com

 

[Longwalkhome]

This Australian family refused to sell their home, now the property is surrounded by a suburb and could be worth $33 million — here's why land is still the ultimate hold

Holding on to real estate could work out for you, too.

finance.yahoo.com

People stand up where they can, we will see more of this.

 

[Longwalkhome]

https://comptroller.nyc.gov/newsroom/new-york-city-banking-commission-votes-to-freeze-nycs-deposits-at-capital-one-and-keybank/

 

[Jay Walk]

How does rolling back tax breaks not raise taxes?

 

[The Heretic]

How does rolling back tax breaks not raise taxes?

Semantics - the political art of selling legislation

 

[ATCclears]

...persistent failures to "meaningfully tackle medium-term fiscal challenges that will lead to rising budget deficits and a growing debt burden" also have negative implications for creditworthiness.

Top Rating Agencies Threaten U.S. With Credit Downgrade Over Debt Limit Chaos, Even If A Deal Is Made | The Daily Wire

www.dailywire.com

 

[VinnieBoomBah]

This is from 9 years ago, but oddly pertinent to today

 

[P7M13]

Or we could just roll back misguided tax cuts from 2017

Do your part. Decline any of the Schedule A deductions, including the standard rate if that's your best option. Zelinski will be grateful.

 

[VinnieBoomBah]

Do your part. Decline any of the Schedule A deductions, including the standard rate if that's your best option. Zelinski will be grateful.

If you hadn't quoted me I would have sworn you were replying to someone else, because that has nothing at all to do with what I posted

 

[Longwalkhome]

US Core Inflation Rises In April To 4.7% Despite M2 Money Growth Crashing To -4.6% YoY, More Rate Hikes Forecast (Damn It, Janet [Yellen])

Damn it, Janet (Yellen)! So much for Treasury Secretary Janet Yellen’s proclamtion that inflation is transitory and would subside to under 2%. April’s core inflation (PCE Deflator) rose…

confoundedinterest.net

 

[ATCclears]

Lipstick sales, packed lunches, strippers’ tips: the unlikely signs of recession

In an unusual moment for the US economy, analysts look for hidden signals of consumers’ worries

www.theguardian.com

 

[Longwalkhome]

Looks like the insurance companies are expecting a big event.

State Farm halts new property insurance policies in California

The company cited rising construction costs and its “rapidly growing catastrophe exposure.”

www.eastbaytimes.com

 

[Heyjoe]

Looks like the insurance companies are expecting a big event.

State Farm halts new property insurance policies in California

The company cited rising construction costs and its “rapidly growing catastrophe exposure.”

www.eastbaytimes.com

More likely State Farm has done the math and concluded that CA's business environment is burdensome and tyrannical, especially toward property insurance companies that have to rebuild burned structures in ways that are more "environmentally friendly", structurally more sound and less prone to wildfire- its a losing game for many industries.

The structural steel fab shop where I work moved all of its production to Idaho from CA because of the tax and regulatory environment. Ironically, we fabbed the steel for CA's Natural Resources Headquarters- ironic because they had funding for a 600 million dollar building to protect the forests that were burning and the dams collapsing.

I suspect more companies will be fleeing the state in the near future- the situation has become untenable.

 

[Burt Gummer]