Brandonomics, the gift that keep's on giving

[Lionfish]

ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

 

[ExpressLane]

The rich are doing ok in Biden’s economy the poor are getting crushed by Biden’s economy

 

[goat]

ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

Layoffs increased by 90% in 2023, yet dems keep bragging about how great the economy is while waiting for their social security.

 

[Poor Richard Saunders]

ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

According to the New York Fed, 14 million mortgages were refinanced during the pandemic refinancing boom, during which home owners extracted $430 billion through cash-out refinances. As a result, mortgages accounted for 82 percent of the increase in total consumer debt since Q4 2019,

https://www.statista.com/chart/19955/household-debt-balance-in-the-united-states/

 

[Poor Richard Saunders]

Layoffs increased by 90% in 2023, yet dems keep bragging about how great the economy is while waiting for their social security.

Layoffs increased by 90% compared to what?

Did your brain lay off thinking for 90% of your life?

https://www.dol.gov/ui/data.pdf
New unemployment claims have been between 200,000 and 300,000 for the last year.

 

[evince]

The rich are doing ok in Biden’s economy the poor are getting crushed by Biden’s economy

HaHhahajahahahahahhaha


What was Trickle Down?


You were not the pro proletariat party ever


Trump gave who HUGE tax cuts idiot?

 

[evince]

Layoffs increased by 90% in 2023, yet dems keep bragging about how great the economy is while waiting for their social security.

Corporate assholes firing people who want unions to protect them possibly?

 

[evince]

Biden and the feds are about to start rate decreases


Guess why flatulent face

 

[evince]

Because that’s how you manage an economy


You Fucks want to let the corporations just rape everyone like they did in 2008


By refusing to fully implement the laws voted into existence by the peoples power

 

[Althea]

According to the New York Fed, 14 million mortgages were refinanced during the pandemic refinancing boom, during which home owners extracted $430 billion through cash-out refinances. As a result, mortgages accounted for 82 percent of the increase in total consumer debt since Q4 2019,

https://www.statista.com/chart/19955/household-debt-balance-in-the-united-states/

LOL. But it's Biden's fault that many people don't deserve to have credit cards.

 

[evince]

Thanks for helping prove your “deregulate all industries” idiocy is utter failure in practice


This whole situation is proving the Democratic party has always been correct that good policy is effective in managing an economy

 

[Althea]

Layoffs increased by 90% in 2023, yet dems keep bragging about how great the economy is while waiting for their social security.

LOL. Make up figures and expect them to be accepted?

Many corporations are laying off workers who refuse to return to the office. As well, the tech industry had record hiring during the trump virus. Now they're trimming the fat.

 

[Nordberg]

The rich are doing ok in Biden’s economy the poor are getting crushed by Biden’s economy

The rich did great when Trump was in power. He gave huge tax breaks to the wealthy and corporations. Every Repub regime does that. The wealth gap accelerated like never before and the debt went up more in 4 years than ever in 8. Trump cranked the debt up 8 trillion. You cannot wait for more of the same. The only chance the poor and middle class have is getting a Dem in power. The Repubs are a subsidiary of the wealthy and corporations.
Some low info rightys on this board said Trump gave them a tax break too. It was small. The rich made out bigly. I am sure even they can see which part of the tax cut sunsets now and which one is permanent. You guys are suckers.

 

[Althea]

ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

People like you shouldn't have credit cards if you aren't going to pay the balance.

 

[evince]

LOL. But it's Biden's fault that many people don't deserve to have credit cards.

It’s due to past inflation conditions


Caused by Trumps Inability to manage an economy correctly

 

[Althea]

The rich did great when Trump was in power. He gave huge tax breaks to the wealthy and corporations. Every Repub regime does that. The wealth gap accelerated like never before and the debt went up more in 4 years than ever in 8. Trump cranked the debt up 8 trillion. You cannot wait for more of the same. The only chance the poor and middle class have is getting a Dem in power. The Repubs are a subsidiary of the wealthy and corporations.
Some low info rightys on this board said Trump gave them a tax break too. It was small. The rich made out bigly. I am sure even they can see which part of the tax cut sunsets now and which one is permanent. You guys are suckers.

Exlax is one of many who are simply too stupid or too lazy to read. They just repeat what Hannity tells them every night.

 

[evince]

ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.

Rate Decreases coming to solve this


They will be able to transfer this debt to lower rate loans or credit cards so they can be paid off in this roaring economy



Your fucked idiot

 

[goat]

Layoffs increased by 90% compared to what?

Did your brain lay off thinking for 90% of your life?

https://www.dol.gov/ui/data.pdf
New unemployment claims have been between 200,000 and 300,000 for the last year.

.gov

Keep parroting the propaganda.

 

[Lionfish]

People like you shouldn't have credit cards if you aren't going to pay the balance.

I was just following what the government does.

 

[Althea]

It’s due to past inflation conditions


Caused by Trumps Inability to manage an economy correctly

trump's trade wars started the inflation. The trump virus created supply chain issues that have long since been corrected.

Right now it's corporate profiteering that has prices higher. CEOs are bragging about it.