US bankruptcy filings surge in first half of 2023

Why haven't I gotten my $$$ yet?

 

Because they are promises they can't keep. Even the $2000 that Biden promised in Georgia, ended up only being $1400. The $10k he promised to students he knew would get shot down. Raise the minimum wage exorbitantly. Free healthcare... Free debt relief. We hear the word "Free" in campaign promises from the left frequently.

 

And the economy will continue to give the appearance of "doing great" as long as Mr. and Ms. Dumbass America have some headspace left on their decks of credit cards. Once those cards get maxed-out, then comes "the wailing and gnashing of teeth".

 

Actually creeping up on that sooner, rather than later. The spending from the stimulus(s) got people into a terrible habit of spending. Hence, the market is hyper inflated. Once people stop spending... BOOM!

Credit card debt in the U.S. hits all-time high of $930 billion

 

What fossil fuel war?

Oh, the one you made up in your head…..

Continue……

 

The Left is making me stuff ?

 

Ain't Bidenomics great?

 

So what economies are doing better than ours, in your opinion?

 

Great to me, and mainly because I’ve never asked what my country can do for me.

 

This wasn't about claiming to be right. It was about claiming to be more intelligent, an irrefutable mathematical fact. Your attempt to change the subject is a failure.

 

LOL. So, since you claim to be more intelligent, don't you arrogantly think you're smarter than the dumb, therefore you are always right when compared to those you think are stupider? You won't even acknowledge your arrogance.

 

You should've thought this post through before hitting the "post reply" button.

 

Bidenomics is not a country. It's a cancer.

 

My, how pithy!

Meaningless.

 

The Federal Reserve central bank is far more to blame for the economic mess we've been in for years than Joe Biden is. Since late 2007, the Fed has controlled everything of any real importance. How was Joe Biden supposed to control the price of eggs? How was Joe Biden supposed to control the explosion in house prices, leases, and rents?

We'll never have a sensible, free-market economy until we put the corrupt "insiders" at the Fed on a short leash and get their manipulators, like Janet Yellen, out of the government entirely.

What too many people on the Right forget is that not even Donald Trump was able to do anything about the stranglehold on power that the Federal Reserve has. And to make matters worse, even before the pandemic, Trump was stupid enough to believe that the best answer to economic troubles was to have negative interest rates! I may not be a Biden fan-boy, but Biden has never been stupid enough to suggest doing anything like that.

 

Truth hurts?

 

But to a great extent, it does. The one thing you are underestimating is the Chinese people when they face severe adversity. They no longer have a one-child policy anymore. And Han Chinese, especially young Han Chinese are starting to have babies now, at least those who are working that is. But young Han Chinese are also starting to look abroad to work as well with the government's help from Africa to Malaysia, Singapore, the Phillippines, and Indonesia, just to name a few. The Government still subsidizes their housing to a great extent, and the government is still investing heavily in the agricultural industry in which they can produce a lot of exports throughout the world. But Japan, by 2070, will have 30% less of its population by that time. Its economy is at a rate of 1.1%. Its innovations and creative thinking are now at a standstill. And a lot of this has to do with Japanese culture. In fact, South Korea and China are more technically advanced now than Japan. Their economy is #3 in the world now. Germany will surpass them in the next two decades. France will surpass Japan in the next three decades. So Japan has much bigger decisions than China will have. All China is doing is tearing down old buildings and building new ones in its place. These are the resurrected ghost cities and the citizen's investments are still intact, just with the new properties at a much-reduced rate.

 

That's if you stay overnight at a hospital. Again, it is based primarily on what type of procedure you are having, where your surgeon performs those surgeries, which may be more than one, and if you go a satellite hospital such as Medical City Las Colinas instead of the main hospital at Medical City Dallas or Methodist Hospital in Dallas.

 

2021……Highest record sales of used vehicles at an average price of $27,000, and during a period when the Fed funds rate was nearly at zero percent.

Note; 2020’s Average price of a used vehicle; $21,000, and according to BLS, said record sales increased 2021’s annual inflation rate by 2%.

 

Trump loves you.

 

If your point is that everybody loves "free" money, you're surely absolutely correct! Stock market gamblers love it. People who buy everything on credit love it. After all, those who have been hurt by the wholly irresponsible, out of control 'money-printing' and crushing of interest rates are those people who have tried to save money "for a rainy day". That includes most of what's left of a solvent American "middle class". Today, most people have little or nothing left in their savings accounts, and credit card debt has soared unbelievably!

One thing seems certain, if you are a saver and not a spender, the Fed and their bosom-buddies on Wall Street hate you and everything you stand for.

 

It might. If it was.

 

Yes more bankruptcy and high credit card use means the economy is doing great lol. Bideneconomics 101.

 

Let's ask a multiple filer of bankruptcy cases what that means for the economy overall, shall we? Let's not; he'll just lie anyway.

As a former bky trustee and bky attorney, it has no bearing on the economy overall.

 

I was asking you, didn't realize you have filed for bankruptcy multiple times. Obviously even braindead understands bankruptcy on the rise and high credit card rates due to record high inflation that lead to record shattering CC rates is a bad sign for the economy. But carry on with your twist and shout, it's entertaining watching the spin zone.