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Thanks Biden.
Apr 23, 2023 22:02:17   #
travelwp Loc: New Jersey
 
Thanks Biden.

Banks are putting aside increased amounts in reserves to cover the risk of more borrowers failing to repay their debt.

High inflation is eroding consumer's savings and causing them to fall behind on loan payments.

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Apr 23, 2023 22:12:44   #
Architect1776 Loc: In my mind
 
travelwp wrote:
Thanks Biden.

Banks are putting aside increased amounts in reserves to cover the risk of more borrowers failing to repay their debt.

High inflation is eroding consumer's savings and causing them to fall behind on loan payments.



This, sadly, is a democrat's wet dream.

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Apr 24, 2023 06:06:51   #
DaveO Loc: Northeast CT
 
Lol from two of the forum economists!

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Apr 24, 2023 16:25:42   #
aphelps Loc: Central Ohio
 
travelwp wrote:
Thanks Biden.

Banks are putting aside increased amounts in reserves to cover the risk of more borrowers failing to repay their debt.

High inflation is eroding consumer's savings and causing them to fall behind on loan payments.


It is also "eroding" hard earned savings in retirement plans. So older retirees may not live to see their investments recover from Biden's failed economy. He is guilty of ready, shoot, aim and not fully understanding the consequences of his policies.

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Apr 24, 2023 16:41:45   #
DaveO Loc: Northeast CT
 
Gee, if only Slo-Joe had the knowledge and foresight of the Attic economists who fully understand all of the issues.

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Apr 24, 2023 17:30:00   #
Architect1776 Loc: In my mind
 
aphelps wrote:
It is also "eroding" hard earned savings in retirement plans. So older retirees may not live to see their investments recover from Biden's failed economy. He is guilty of ready, shoot, aim and not fully understanding the consequences of his policies.


He is actually a drooling pedophile idiot being led around by his handlers totally clueless of where he is most of the time let alone making any decisions.
These moronic evil policies are from the cabal behind the scenes actually running things.
We give FJB too much credit for having a coherent thought.

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