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Feeling Positive About the Economy?

Here's Your Sign!

My step-dad was such a serious person, that you never would’ve guessed how much he loved comedy. Especially redneck comedy.

Among his favorite comedians was Bill Engvall. He did a bit in which he suggested stupid people should come with a sign! A warning label, so the rest of us know exactly what we’re getting ourselves into when we choose to speak to these people.

Engvall has a knack for noticing the many idiots that surround us on a daily basis.

“We were in the park…flying a kite and a guy walks up and says “You flying a kite?”…”Nope, we’re fishing for birds.” Here’s your sign!

It’s like before my wife and I moved. Our house was full of boxes and there was a U-Haul truck in our driveway. My friend comes over and says “Hey, you moving?” “Nope. We just pack our stuff up once or twice a week to see how many boxes it takes. Here’s your sign.”

You get the drift. Lately, whenever I see leftists talking about all the things Joe Biden has done for the economy, I close my eyes and wish I had a stack of those “stupid” signs so I could pass them out freely.

My bit goes something like this:

      • If you think $7 for a carton of eggs is a fair market price, here’s your sign.
      • If you’re enjoying the 40% spike in airline ticket prices, here’s your sign.
      • If you think serving Ramen at a noodle restaurant is worth $29/hr., here’s your sign.

I could go on, but you’d be reading this article until next Tuesday if I listed all the ignorant beliefs leftists buy into regarding our economy. Especially the recent reports that claim our economy is looking up, and Joe Biden is doing “good work” for all of us! Clearly, the people writing such optimistic views of the world are completely delusional.

Just Look for the Signs!

I was listening to Kevin Jackson’s latest podcast, when he pointed out a few things worth paying attention to. As Kevin points out, “there are always signs. Just like people watched the clouds and predicted coming weather, the same is true of other things in life.

We can predict outcomes by behaviors. That’s why good parents watch their children, their children’s friends, grades, etc. We have LOTS of data to support this, btw.

So is true of the economy.

When Leftists shut down the economy, they KNEW what would happen. And despite what they say publicly, many elitists love that many Americans are suffering.

 

Case in point: Car Loan Delinquencies

An alarming number of Americans with auto loans are struggling to make monthly payments. Auto loan performance saw further deterioration in December, and loan delinquencies jumped. I can’t prove this is true, but I’m willing to wager that a lot of middle class and low income families skipped paying the car so that they could provide some kind of Christmas for the family. Yes, it’s an irresponsible decision. But when the world feels so bleak, it’s hard to stay focused on the long term. 
Of all loans, severely delinquent ones have reached the highest rate since the financial crisis about 15 years ago.  
Recall last month. We pointed out the auto sector finds itself at a critical inflection point as a crushing auto loan crisis nears. Sadly, U.S. consumers are tapped out! The note was titled “Perfect Storm Arrives: “Massive Wave” Of Car Repossessions And Loan Defaults to Trigger Auto Market Disaster, Cripple US Economy.”
The report is basically a roadmap to the domino effect trickling down. Elon Musk calls it: 
“Potentially, the biggest financial crisis ever.”  
New bone-chilling data via Cox Automotive sheds light on the rapidly deteriorating auto loan market. 
The report said loans delinquent by more than two months increased by 5.3% and jumped 26.7% from a 
year ago.  Other takeaways include: 
          • New car loans just hit a 14 year high.
          • A flood of repossessed cars is set to hit the market this quarter.
          • Credit card rates just hit an all-time high.

Americans are going further in debt to pay higher than ever car prices, and running out of resources before the loans are paid off. And our problems don’t stop with auto loans. Now, to be transparent, my degree is not in economics. However, this boils down to common sense, or for leftists, the lack there-of.

When it comes to the economy, the writing on the wall is pretty easy to read. So, if prosperity and growth under the Biden administration is your takeaway, here’s your sign.

Here's Your Sign - I'm Stupid" Sticker for Sale by simpsonhj | Redbubble

 

 

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