US economy is in shambles

Stone said:
I'm going like gangbusters!
Click to expand...
I do have to say that my call options on BNO and GUSH have been doing very well. It is a good time to be investing in higher oil prices.

I do feel a little guilty about doing so while oil prices push the USA into a recession, but it is not like I caused trump to hand over the Strait of Hormuz to Iran. Don't blame me, I did not vote for him.

Grokmaster said:
However, early models project Q2 2026 real GDP growth at 2.8%.
Click to expand...
Right now, gasoline prices are going up by 2.1% a day. If that continues for a week, it wipes out any model claiming 2.8% growth.

If trump really works this, he might be able to get another month out of the strategic reserves(trump is not known for working, so maybe not). Even if he opens the Strait of Hormuz today, that puts oil above $130 for the month of June. If it takes another month from today to open the Strait of Hormuz, that is two months of $130 oil, and almost certainly a recession. That would be negative GDP growth for either Q2 or Q3, more likely Q3, but with flat growth in Q2.

We are all making predictions, so will have to wait and see.

T. A. Gardner said:
There are many young adults that refuse to do any sort of physical work.
Click to expand...
Maybe the young adults you know are lazy. The ones I know all do income stacking. They will be an engineer, and also walk dogs for money. They will be a bartender, and also rent out sound equipment. They will be in high school, and also have an incorporated patio/shed building business.

The Millennials, Generation Z's, and the leading edge of the Generation Alphas I know are all harder working, but not as focused as previous generations. Then again, I do not know anyone in Gardner's family.
 
Stone said:
In shambles? Not hardly. I'm going like gangbusters! See,....here's the thing,....with such an overabundance of absolute STUPID people in this world anyone with even an ounce of a brain , a magnetic personality, and some good work ethic is REALLY cleaning up simply because a lot of the competition is so pathetic. You have to be one stupid AND lazy dumb ass to be struggling in America right now....FOR REAL.
Click to expand...
Stone...if anyone offers you Kool-Aid...don't drink it. I'd say that you would regret it, but it might be an even worse outcome.
 
T. A. Gardner said:
There are many young adults that refuse to do any sort of physical work. They won't do a trade, don't want to work in anything less than some optimal, air-conditioned, indoor job where they don't have to do much, and face no serious stress. For that, they expect to be paid a king's ransom.
Click to expand...
No. Not a King's ransom. Just a living wage.
 
You must log in or register to reply here.
Back
Top