Father, Private Equity CFO, Saver, Novice Comedian, Curmudgeon in re:intellectual dishonesty related to all matters of US economics, Golfer, Porsche enthusiast.
@DylanOgline No one has been paying for nearly three years now so you wouldn’t see further increased spending, the ability to better be able to afford a home, etc. from this point forward. You’d extend the status quo.
@RWhelanWSJ $160k in student loan debt and $40k in credit card debt on $80k in household income? This can’t be correct, can it? That be a minimum monthly payment of ~$1k on just the credit cards. The math seems a bit off.
@LynAldenContact Ave. Sales Price of a House: Q419-$384k; Q422-$536k = +$151k; $2.4T/$151k = ~15.8m HH’s benefited. 63m HH’s in the bottom 50%. Question is: Are ~47.2m HH’s capable of being future incremental buyers? If no, you have, at best, a dead asset or one that must come down in price, no?
@IgnoreNarrative I drove a $40m check to Pine Ridge Reservation and sent it certified. Think it was 3 weeks before it cleared. Coulda saved a private flight. Lol!
Congrats on your win last week @RepDonBacon ! That said, given the overall outcome, what are you and @SenatorFischer going to propose in the form of legislation in conjunction with the Dems to put an end to the asset bubbles and Ponzi schemes that threaten my hard-earned… 1/2
…something (i.e. I don’t want to be forced into owning Apple stock at 25x earnings on $6+ trillion on government spending because they won’t pay me more than 3% Internet so they can keep the ponzi going). I eagerly welcome your response. Thank you!