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Re: wow_happens28 post# 2502

Wednesday, 10/25/2023 2:06:16 PM

Wednesday, October 25, 2023 2:06:16 PM

Post# of 2590
Wow: The Russell has been the worst performing Index for years now. A recession is coming. All that stimulus money is now long gone. Inflation is killing the lower 80 percentile of income earners. The government's phony CPI numbers are garbage,. Real inflation for the things people need to live on are going up in price much faster. I haver a brother in Venice, Florida. His homeowner's insurance renewal just came. His insurer wants to pass on a 60% premium increase. And so many insurance companies have exited the Florida market he might not find anything cheaper. The National Debt will pass $34 Trillion in November. It won't be long now before interest on the debt surpasses Defense spending on a yearly basis. The Feds will take in about $4.7 Trillion in fiscal 2023. They are spending $6.7 Trillion. They would need to raise the amount of revenue collected by over 40% from current levels just to break even. Not gonna happen. And what are the chances that the corrupt cowards in Washington DC are ever going to reduce spending? So they will borrow and print until the Dollar collapses. Then we enter Mad Max territory.

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