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12 thoughts on “New York Fed Spending Projections Rise at Top End, Sink at Bottom End: Wealth Effect?”
LFOldTimersaid:
If they are speaking of quantity of dollars spent I would completely agree as money becomes worth less and less and it takes more to buy a loaf of bread. Spending should take off like a rocket.
However, if you speak of quantities of goods purchased – expect a short downturn.
Beyond the necessities such as food, shelter, work commute costs and insurance I am boycotting discretionary spending until Trump is president or Hillary either goes to jail or expires.
I just followed the link. What a load of crap. “The SCE housing survey provides rich and high quality information on consumers’ experiences, behaviors, and expectations related too housing.” Mish when you become FED president please kill this stupidity first.
I was planning a vehicle purchase this year… after looking at the shit they are peddling, it’s gonna end up being a lease. I can’t believe a bank would actually extend a loan for longer than 4 years for this low quality garbage.
Lately, and i would say unexpectedly, as the economy is supposed to be above water, there has been a spike in the number of homeless in major cities. There have recently been news stories, here in Los Angeles and within the last few days, Zero Hedge had a story about the issue. People in the lower percentile are losing their ability to spend more.
If they are speaking of quantity of dollars spent I would completely agree as money becomes worth less and less and it takes more to buy a loaf of bread. Spending should take off like a rocket.
However, if you speak of quantities of goods purchased – expect a short downturn.
It’s all about interpretation 🙂
What you see isn’t necessarily what you get.
That should have been “sharp downturn”. Sorry.
Beyond the necessities such as food, shelter, work commute costs and insurance I am boycotting discretionary spending until Trump is president or Hillary either goes to jail or expires.
Hope and change…
Just not the change you thought.
I just followed the link. What a load of crap. “The SCE housing survey provides rich and high quality information on consumers’ experiences, behaviors, and expectations related too housing.” Mish when you become FED president please kill this stupidity first.
I was planning a vehicle purchase this year… after looking at the shit they are peddling, it’s gonna end up being a lease. I can’t believe a bank would actually extend a loan for longer than 4 years for this low quality garbage.
Lately, and i would say unexpectedly, as the economy is supposed to be above water, there has been a spike in the number of homeless in major cities. There have recently been news stories, here in Los Angeles and within the last few days, Zero Hedge had a story about the issue. People in the lower percentile are losing their ability to spend more.
“By any chance are those on the high end enthused about their stock market performance?”
The C suite executives are. Stock options are handed out, the company then goes out and borrows more money to buy back stock and the execs cash in.
Meanwhile Dell cuts another 2,000 to 3,000 American workers and submits requests for some 5,000 H1B visa requests, to hire foreign workers.
And Hillary calls laid off American workers, xenophobic.
We sure don’t hear anything matching the numbers on “the news”, but all those laid off Americans are hopefully going to lay off hillary in November.
Hillary is getting laid off in November… by the vote. Then “the soros system” will take over and install “the carcass”.
Me? I’m waiting for next round of WikiLeaks dumps. They’re coming in October and Mrs. Clinton can already barely stand on her own two feet.
I hope she doesn’t die or have to drop out of the race, I want to see melt down and go SJW.