False Recession? - Ripped From The Headlines, May 22, 2024
#NBC News Says Americans Are Crazy, "McMop" Issue In Australia, The Commercial Real Estate Crisis Is Real - Read, Share, & Subscribe - SherlocExposes.com
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“More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years.
According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn.
A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters.
Under those terms, the U.S. is definitively not in a recession.
GDP grew by 1.6% in the first quarter of 2024. Granted, that is a decelerated rate from the 3.3% growth of the fourth quarter of 2023, but it is not recessionary. U.S. GDP growth has been outpacing that of other developed nations.
‘America has the best economy in the world,’ Biden told NBC’s ‘TODAY’ in April.
The Guardian/Harris poll is yet another example of an ongoing gap between economic data and economic feelings that has nagged the Biden administration in recent months.
Despite some positive signals that the economy is recovering from the pandemic chaos that disrupted supply chains and sent inflation skyrocketing, consumer attitudes have lagged, often driven by the high costs of daily living caused by stubbornly high inflation.
THINGS TO PONDER:
How does it feel to be lied to again?
Interestingly, the goalposts on what a recession is have been moved…
So that the White House and outlets like #NBC can tell you you’re not in one.
Remember this?
Oh, and then there’s the nugget of truth hidden inside the lie:
GDP grew by 1.6% in the first quarter of 2024. Granted, that is a decelerated rate from the 3.3% growth of the fourth quarter of 2023, but it is not recessionary.
U.S. GDP growth has been outpacing that of other developed nations.
So, the economy does indeed suck, but at least it’s the best at sucking…
Don’t you feel better knowing that, while unable to pay your bills or afford food?
Sure you don’t.
Polling actual human beings tells you what’s really happening, regardless of what those who don’t care about you want you to think.
Know Your Foe.
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“An Australian McDonald’s employee was caught drying a seemingly wet mop underneath the fry station’s heat lamp, earning the disgust of customers in the store and online.
Debbie Barakat took her son to the fast-food joint’s Booval location, a suburb of Brisbane, Australia, on April 4 when she saw the employee casually holding the mop inches from the hot lights and fries.
‘I was just standing waiting for my order when I looked over and heard a staff member say; ‘I don’t think you should be doing that as it could be a safety issue as it can catch on fire,' the woman told Yahoo! News Australia.
Barakat claimed other employees worked around the mop-dryer for about a minute, grabbing fries to complete the orders.
‘I was totally shocked at what I witnessed and she just laughed it off,’ she said.
The employee had just finished mopping the floor with the detachable microfiber mop head before she began drying in front of the customers.
The angered customer emailed the store’s manager over the stomach-churning act, but only received a vague response.
‘Be assured that we’re taking corrective action so a similar action will not reoccur,’ the manager replied.
THINGS TO PONDER:
Have you felt that the quality of almost everything has just gone down the tubes?
Or that society as a whole has gotten more strange?
That’s not a coincidence… it is, and it has.
Trusting anything these days is becoming more difficult… almost like it’s a coordinated plan to confuse people, make them more anxious, and make them scared.
The “polycrisis” is real.
Understand what you’re up against here and the fact that most of this stuff isn’t good for you…
That’s step one.
Then, plan for a life that doesn’t include them. They are your enemy.
Know Your Foe.
Having a storable and stable food source is a must these days…
But getting good quality beef could get more difficult in the very near future.
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“Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
There were 625 commercial real estate foreclosures in March - up 6 percent on the month prior and 117 percent from the same time in 2023, according to latest figures from real estate data provider ATTOM.
Some areas are facing a bigger crisis than others - with 187 properties facing a foreclosure filing in California last month, which was the highest of any state. Although this was an 8 percent dip from the previous month, it was a huge 405 percent jump from last year.
Small and regional banks are the biggest source of credit for the commercial real estate market, holding about 80 percent of the sector's outstanding debt.
Around $929 billion in commercial real estate loans is due to mature this year, according to the Mortgage Bankers Association, raising concerns this trouble spot could trigger a banking crisis.
Economists last month found 40 percent of office loans on bank balance sheets were underwater - owing more than the property is worth.
Smaller regional banks who loaned the money to buy them could themselves be at risk if the loans default as they are not big enough to handle the losses.
THINGS TO PONDER:
The chickens eventually have to come home to roost…
And it looks like they are starting to arrive.
This video will help you to understand how severe the problem really is:
Watch it… your future depends on it.
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