U.S. economy added 353,000 jobs in January 2024, far better than expected

[LLCox]

What I've seen is a few things:
1. People expected a recession in 2023 that never happened
2. People have been waiting for an interest rate cut that hasn't happened
3. People have been expecting a massive default on loans due to high inflation and interest rates that hasn't happened.

As for another financial crisis, there will inevitably be a rebalancing of real estate investors who have been screwed by work situations change. Whether that shock results in a crisis will depend on the Fed's response and government involvement.

The recession has been kept at bay with a huge amount of FED/Treasury money printing bailing out banks and businesses. Also with increased credit card holder debt allowances.
FED chair Powell is trapped and can not cut rates even if he wanted to.
There IS a massive default on loans going on but again the financial institutions are being bailed out by the Fed opening new loan windows for Big Biz and banks. Also a lot of delinquent loans are not being called in by the banks because then THEY owe the property taxes etc.

The question is how long can all this go on before something breaks. The Black Swan is out there.

 

[MajorRewrite]

Always what I expect from the retards. The source is always bogus except theirs. Amazing how y'all pick and choose what you want to believe from the Government. I don't believe a damn thing from Government.

So you’re pretending that crackpot hasn’t predicted imminent disaster for the last 3 years? Before you answer, remember that we can see his 3 years of videos predicting imminent disaster.

 

[LLCox]

So you’re pretending that crackpot hasn’t predicted imminent disaster for the last 3 years? Before you answer, remember that we can see his 3 years of videos predicting imminent disaster.

He tells it like it is and it's ugly. Post any of his videos you want. The only thing financial bloggers don't know is when the FED/Treasury decides to print more money to shore up the dam one more time and one more time. See post 76.

 

[TalkToMeInSB]

I stash gold and silver instead of gamble in the casino. I like to keep track of what going to hell looks like though and several economic bloggers keep me on top of things. I also get various info from the blogs subscribers commenting on their section of the country. FYI tires went up 25% in Jan.

Fascinating... Waiting for the apocalypse I suppose.... Or "going to hell" as you say...