The dot com bubble was a bubble, but in hindsight, the general thought that the internet would revolutionize every facet of our economy was correct. It’s just very hard to predict winners and losers at the early stages of revolutionary shifts. Who would have thought that a company that was essentially a clearinghouse for books and CDs in 1999 would become one of the most powerful companies on Earth?
Economic News
- Thread starter nycfan
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It is true that over the long term our economy has recovered from the dot.com and housing bubbles. Heck, we even recovered from the Great Depression.
But many many people suffered in the "short" term. So where are we today ?
Is this a canary in the coal mine ?
'Uh oh': Market crash fears grow as pro-Trump billionaire dumps major stock
Venture capitalist and supporter of President Donald Trump Peter Thiel became the latest billionaire to sell off all of his stock in the tech company Nvidia, according to new reporting Monday, sparking panic that a market “bubble” centered around artificial intelligence may burst at any moment...
www.rawstory.com
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You know that other world leaders are thinking "what a fucking idiot the Americans elected".
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Trump needs to get on the stick and start sending us our $2000 "dividend" checks. The war on Christmas is just weeks away and us consumers need to be standing at the ready
ChileG
Inconceivable Member
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Ramrouser calls this “winning.”
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Maybe she is not aware that she is wrong thinking "prices are down" and are actually increasing. I think then she would have the answer to her question why consumer confidence is down and "people feel that way "
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Trump’s Tariff Check Idea Draws Republican Resistance
"Republican lawmakers are resisting President Donald Trump’s proposal to send $2,000 checks to working-class households next year ahead of a midterm election cycle dominated by voters’ concerns about the cost of living and the US
politicalwire.com
superrific
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In fairness, I don't know how they can publish the october jobs report if nobody was collecting data during the shutdown.
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“… In rural counties across the U.S., the median sales price of a home rose 61% — from $175,000 in the third quarter of 2019 to $281,000 in the third quarter of 2025.”
The Housing Affordability Crisis Is Accelerating Fastest in Rural America
Rural homebuyers need to earn $75,000 to afford the typical home, up from $36,000 in 2019. Cities and suburbs haven't seen affordability erode as fast.
www.redfin.com
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It appears that the advent of remote work has pressured home prices in rural areas with limited inventory — people with “urban” or “suburban” jobs and pay bargain hunting compared to the cost of homes in their immediate work area, with a significant income advantage over people with “rural” jobs and income.