US bankruptcy filings surge in first half of 2023

At best, it just shows what people think though.

I don't really care what people think about the economy. I'm not a politician, so what people think about anything doesn't impact what I think about those things. I don't need people to agree with me.

50% of people are below average intelligence.

 

I have posted a challenge to the left many times over in denying the stupid the right to vote and not one lefty has ever taken me up on my challenge because they know the uneducated are the ones Democrats try to buy their votes. The uneducated are far more in number on the left than they are on the right. But, in a way, you are right that the poor who can't afford groceries, their rents, etc deserve what they get for voting for the Democrats who did that too them.

 

And yet, GDP has been at a steady decline since Q3 2022 to Q1 of 2023, currently at a meager 2% and soaring to a $33 trillion debt. Not a good direction to be going by any analytics.

 

Yeah, Pootie loved Hillary! That's why the Russians helped Trump.

 

Source?

 

By selling Hillary dirt on Trump?!

 

https://www.bea.gov/data/gdp/gross-domestic-product



https://www.usdebtclock.org/

 

Ah, so individuals shouldn't receive any money when told they can't work, because the government mandated that non-vital businesses must close. But other tax refunds exceeding what was paid in during the year falls where on that chart?

 

I use this example all the time.

 

And many of the other 50% arrogantly think they are smarter than the other 50%.

 

I like bankruptcies/business closures……I made lots money, “buy low sell high” off the books cash deals.

 

I am asking it’s ok when your party does it? But not the other?

 

Um that’s not what you said. It’s not going down. It’s still growing just at a slower rate.

 

Yep.

 

Hah... I said that the GDP has been on a steady decline since Q3 of 2022 and even stated is was at 2%. A decline in the rate of growth is still a decline, regardless of the what ever play on words you like to spin.

 

These are 11s and 13s. I wonder what 7 filings are doing. 11s and 13s are where businesses and people are restructuring their debts, and 7s are discharging debt.

 

What were they under the Orange Failure?

 

I'm in the same boat, as are most people. However, you're quite wrong about the availability of homes ... values have decreased due to the higher interest rates. That said, the value of mine has finally started to go back up, at a rate of 13.7% so far this year. I expect that the Fed will lower interest rates within the next two years or so.

 

No, we have been accumulating credit card debt since the pandemic and the rise in the prices of everything we need to buy, like groceries, clothes, shoes, and don't even get me started on the rising cost of dental work. Post pandemic, I see no one decreasing those prices back to pre-pandemic rates. The occupant of the Oval Office is irrelevant on that.

 

They aren't 'my party'. I don't have a 'party'.

In general, providing funds to help support people to get necessities during a mandated lockdown (which I did not support) isn't the problem. It wasn't handled in the most efficient or, IMO, correct manner. I don't care which party gave money during a time of need, but continuing it past the point of the lockdowns was a costly mistake, full of damage to landlords and mortgage companies.

 

Who said anything about Section 8? I want to live in a modern high rise, and I don't qualify for assistance of any kind.

 

That may be true for you, and kudos, but that's NOT true for Americans in general. People have been spending themselves deeper and deeper into debt.

https://www.newyorkfed.org/microeconomics/hhdc

 

Um ... Peter Gabriel's song was SOOO not about economics.

 

They are? Got a link?

 

Trumps GDP before COVID was a paltry 2.3% from a 2.9% the prior qtr. Nothing to brag about for sure.