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Donald Trump’s tariffs and forever wars are destroying our economy!! P.S. Any. Day. Now.

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Jun 26, 2025 at 10:06 AM.

  1. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Yep, sure... but the communist Lawfare 2.0 just got shut down by the SCOTUS. :):):):)

    Anchor babies are next up. ;):D
     
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  2. chemgator

    chemgator GC Hall of Fame

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    More bad economic news. Home prices are falling, and may indicate a "deeper correction" is on the way.

    Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates

     
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  3. g8trjax

    g8trjax GC Hall of Fame

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  4. g8trjax

    g8trjax GC Hall of Fame

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    Damn, is that your newly minted Chem E?
     
  5. VAg8r1

    VAg8r1 GC Hall of Fame

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    It's a good thing for perspective home buyers who have the wherewithal to purchase homes it's not necessarily a positive indicator of the health of the economy as a whole. Although it's a somewhat extreme example when the residential housing market collapsed in 2008 it ushered in the most severe recession since the Great Depression. Not sure that you are aware of the "wealth effect". What it means is that when the net worth of consumers drops they are less likely to spend especially on large ticket consumer durables. Although it's largely a psychological effect a person whose home equity drops by $100,000 is less likely to make other expenditures. Same with the value of equities in 401(k) plans.
     
  6. ajoseph

    ajoseph Premium Member

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    Thanks. It is. Hope your son is doing great!!
     
  7. g8trjax

    g8trjax GC Hall of Fame

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    I'll keep fingers crossed for her. Son got on with a quasi government company, thought doge may get him.
     
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  8. CharlestonGator

    CharlestonGator Premium Member

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  9. okeechobee

    okeechobee GC Hall of Fame

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  10. ajoseph

    ajoseph Premium Member

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    My money’s on your son beating DOGE.