DELUSIONAL hack tells USA that their households are in "VERY GOOD financial shape"

[PaceAdvantage]

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[ElKabong]

She's an embarrassment

[fast4522]

Originally Posted by ElKabong

She's an embarrassment

You have to look at it exactly like Anthony Stephen Fauci a hack, so many talk about term limits that will never come to be. Janet Louise Yellen (born August 13, 1946)

[thaskalos]

"Some low income consumers are perhaps exhausting their savings...but generally households are in very good financial shape". And this at a time when American households are drowning in credit card debt.

[TJDave]

Originally Posted by thaskalos

And this at a time when American households are drowning in credit card debt.

So who’s fault is that?

[TJDave]

Originally Posted by ElKabong

She's an embarrassment

Embarrassment?

https://en.m.wikipedia.org/wiki/Janet_Yellen

Hardly.

[thaskalos]

Originally Posted by TJDave

So who’s fault is that?

It's the fault of the majority of the households, who are not "generally in very good financial shape"...in spite of what Janet Yellen seems to think.

[tucker6]

Originally Posted by TJDave

Embarrassment?

https://en.m.wikipedia.org/wiki/Janet_Yellen

Hardly.

She is an embarassment. You can show me Joe Biden's history, and he is no less an embarassment. 50 year old anet Yellen was better than 78 year old Janet Yellen. You disagree?

[tucker6]

Originally Posted by thaskalos

It's the fault of the majority of the households, who are not "generally in very good financial shape"...in spite of what Janet Yellen seems to think.

Even that doesn't go far enough to describe how out of touch she is. She actually thinks low income households HAVE savings. They do not. They also have access to very little credit. Between 60-78% of households in recent polls live paycheck to paycheck and must constantly make decisions eack week on what they cannot buy to meet their budget.

[PaceAdvantage]

She's the one who said inflation would be transient...I guess her definition of transient means many years...LOL

[OntheRail]

Originally Posted by PaceAdvantage

She's the one who said inflation would be transient...I guess her definition of transient means many years...LOL

I think She ment Transcendent... cause that is how it ended UP.

Banks and CC Companies are fuckin tickle to death... and unlike the average person who isn't a liberal arts major... no 20k Federal Bailout is coming to help relieve their problems.

[Tom]

Originally Posted by TJDave

So who’s fault is that?

Joe Biden. Duh.

[Inner Dirt]

Originally Posted by ElKabong

She's an embarrassment

Originally Posted by TJDave

Embarrassment?

https://en.m.wikipedia.org/wiki/Janet_Yellen

Hardly.

I hope your not serious. She is nothing but an educated idiot, a person with book smarts but has zero common sense and cannot apply what they learned to the real world and is horribly out of touch with reality. I would not trust her to be able to fill out the old 1040 EZ form.


A great example of educated idiot is Mayor Pete. That mofo is a Rhode Scholar. He is articulate but paying attention to him he knows nothing of what he speaks, constantly lies and is 100% out of touch with reality. I really think he is physically still in a closet. He definitely has zero observation skills. Too many white construction workers, anybody? I think he must have seen them in the same place they keep the railway freight cars with the wheel bearings on them, in a town with racist roads. Putting freeways through neighborhoods improves property values and opportunities, it does not harm them. I sure hope Pete's ineptness has destroyed what ever advantage being gay gives him with Democrats, useless POS he is.

[tucker6]

Originally Posted by Inner Dirt

I hope your not serious. She is nothing but an educated idiot, a person with book smarts but has zero common sense and cannot apply what they learned to the real world and is horribly out of touch with reality. I would not trust her to be able to fill out the old 1040 EZ form.


A great example of educated idiot is Mayor Pete. That mofo is a Rhode Scholar. He is articulate but paying attention to him he knows nothing of what he speaks, constantly lies and is 100% out of touch with reality. I really think he is physically still in a closet. He definitely has zero observation skills. Too many white construction workers, anybody? I think he must have seen them in the same place they keep the railway freight cars with the wheel bearings on them, in a town with racist roads. Putting freeways through neighborhoods improves property values and opportunities, it does not harm them. I sure hope Pete's ineptness has destroyed what ever advantage being gay gives him with Democrats, useless POS he is.

Yellen used to be pretty sharp but I think she got infected with the politics virus and that usually erodes the backbone and moral clarity.

[Inner Dirt]

Originally Posted by thaskalos

"Some low income consumers are perhaps exhausting their savings...but generally households are in very good financial shape". And this at a time when American households are drowning in credit card debt.

Originally Posted by TJDave

So who’s fault is that?

A lot of households do not have enough disposable income to absorb what inflation has done to their expenses and they are using credit cards to buy food and gasoline. I stopped tracking but I estimated depending on what I spend my costs have gone up $500 a month under Biden with some months hitting as high as $1500, and it is just me and a cat. The $1500 month was spiked form $500 due to a couple purchase orders for raw materials
that the war in Ukraine caused, a war that I don't think happens under Trump. A lot of my jobs are repeats down to the exact quantities, like on one job I order the SOS down to the metal finishing products. Since most all of my active customers are serving hobbyists I can only pass so much increased cost on, I have to eat a lot of it. I can look up a P.O. and see exactly what I paid last time. I noticed the biggest hit is on freight charges, they have doubled.


So if I only had $300 a month disposable income which would not be irresponsible for a young family, I am now putting $200+ a month on credit cards.