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We do need to purge - but you got the wrong group. We need to purge the "woke" that think they can tell others what they should do - at this point a good rally would be the best way to do it - help everyone including those at the bottom.
It is really heartless to wish pain on so many to get what YOU want.
Woke is social, not economic. You can't "purge" a social movement. You can let it fade out from lack of interest, change of fashion, or rise of new issues, which is probably already happening. I only hear the term "woke" used by conservatives as a pejorative. What they used to call "politically correct."
I want housing prices to go down, which will help more than me.
Woke is social, not economic. You can't "purge" a social movement. You can let it fade out from lack of interest, change of fashion, or rise of new issues, which is probably already happening. I only hear the term "woke" used by conservatives as a pejorative. What they used to call "politically correct."
I want housing prices to go down, which will help more than me.
This is not quite true. Woke thinking is now heavily imbued throughout the education and government sectors. The Biden administration is pushing DEI extensively, and what the government mandates, HR officials everywhere follow.
If you want house prices to go down, build more houses.
This is not quite true. Woke thinking is now heavily imbued throughout the education and government sectors. The Biden administration is pushing DEI extensively, and what the government mandates, HR officials everywhere follow.
Yeah I've been looking at some college job announcements and they were certainly filled with a lot of DEI gibberish. If were an applicant I don't even know how I'd address WTF they were looking for it was so thick. I didn't even know what some of the terms meant, and I'm pretty liberal on race. To a large extent DEI has become a kind of dogma that has lost meaning. Such is the fate of many educational fads.
But again, how is that economic?
Quote:
If you want house prices to go down, build more houses.
Wouldn't that be lovely? We haven't built enough houses to keep up with demand since 2008. Not sure how they're going to ramp it up now with both labor and material shortages.
Last edited by redguard57; 05-23-2022 at 05:06 PM..
My guess is Q2 GDP is negative, meeting the technical definition of a recession.
Article today pointing out that Microsoft, Apple, Amazon—-many of the businesses that have gone down in stock price are putting $hit load of their cash reserves into raising pay, hiring more people, building up company infrastructure in expectation of going to new heights
So they must not be too worried
Woke is social, not economic. You can't "purge" a social movement. You can let it fade out from lack of interest, change of fashion, or rise of new issues, which is probably already happening. I only hear the term "woke" used by conservatives as a pejorative. What they used to call "politically correct."
I want housing prices to go down, which will help more than me.
The woke agenda is very much economic - things like taxing the rich, increased taxes on businesses, support green agenda, restricting oil drilling and pipelines, enhanced unemployment benefits, $15 minimum income, not jailing those that commit crimes, defunding the police, supporting illegal immigration, etc - these are all economic impacts. Woke was originally mostly social but now it is seen as the agenda of the left.
You seem to not understand, housing prices will go down as demand drops - demand will drop as people are less able to afford them - so that is essentially wishing most are not able to afford, lose jobs or pay, just so you can buy a house. If you want a house, buy what you can afford now, not wish that most cannot after the economy tanks.
My original house had a mortgage of almost 17% - that was when owning a house was painful.
Before it was fueled by more free cash than anyone could possibly have imagined...think Trillions of $$$ a couple of times recently.....the stock market was a somewhat reliable leading indicator of difficult economic times to come.
Right now it is trying to suggest that we are going to have a doozey of a slowdown in the next 6 months to a year.
Saw something very weird yesterday. I run through a beach RV resort almost every day. Over the past couple of weeks the lot has slowly been draining of RV's, and now is 90% empty. I've never seen it with so many vacancies, except possibly during he depths of COVID. This is especially strange because the week before Memorial Day is usually the high season. There might be a couple of vacant parking spaces, but certainly not the majority.
Furthermore, this time of year usually marks beach season when the freeway fills up with beachgoer traffic every day and especially nearing the weekends. However, it's been smooth sailing. Again, looking a lot like the depths of COVID, but without the COVID.
The same goes for local restaurants. This is usually the beginning of the high season, but when we walked downtown to have a beer, it was a ghost town during the usually-busy weekend. Weather was nice. No reason people shouldn't have been out, but they just weren't.
These look like grassroots leading economic indicators to me. In a couple of weeks maybe the market will sniff it out. A month or two after that the news might catch on. Anyone else noticing a change in the behavior of your fellow humans, that looks like the recession is already here?
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