The US Economy
Re: The US Economy
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
^ If true, is that evil Biden's fault?
Re: The US Economy
I don't think that Biden got all the insurance companies together to tell them to increase the home insurance rates. I think with rising home prices, it happens naturally. It's just another price increase that get's passed onto the consumers.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
What Are Some Key Factors Driving Up Home Insurance Rates?
https://www.travelers.com/resources/hom ... ance-go-up
Extreme Weather Events and Catastrophes
Rising Material Costs
Skilled Labor Shortage
https://www.policygenius.com/homeowners ... tes-go-up/
1. Increase in wildfires, tornadoes, hurricanes, & other natural disasters
2. Fewer carriers are willing to write policies in high-risk states
3. Increase in supply chain issues & the cost of building materials due to inflation
https://www.travelers.com/resources/hom ... ance-go-up
Extreme Weather Events and Catastrophes
Rising Material Costs
Skilled Labor Shortage
https://www.policygenius.com/homeowners ... tes-go-up/
1. Increase in wildfires, tornadoes, hurricanes, & other natural disasters
2. Fewer carriers are willing to write policies in high-risk states
3. Increase in supply chain issues & the cost of building materials due to inflation
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
I'm not disagreeing with your list of reasons from these articles, but I am wondering what natural disasters we had, for my home insurance here in my low-risk area of Phoenix, to increase it by 55%?Nodack wrote: ↑Tue Jun 04, 2024 10:11 amWhat Are Some Key Factors Driving Up Home Insurance Rates?
https://www.travelers.com/resources/hom ... ance-go-up
Extreme Weather Events and Catastrophes
Rising Material Costs
Skilled Labor Shortage
https://www.policygenius.com/homeowners ... tes-go-up/
1. Increase in wildfires, tornadoes, hurricanes, & other natural disasters
2. Fewer carriers are willing to write policies in high-risk states
3. Increase in supply chain issues & the cost of building materials due to inflation
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
Greed from insurance companies…they go up elsewhere and it’s easy to move them up everywhere
Re: The US Economy
My guess is that we are making up the shortfall from the losses from all those high risk places. I have had one claim here in AZ. Lightning took out some pool equipment and the outdoor lighting along with half a tree next to them. We do get 100 year floods here that can wreak havoc like in 1978 I think it was.
I sometimes think why have home insurance if you own your house outright and have any sort of nest egg. The insurance only covers damage from natural causes. Your AC dies? Not covered. Your roof is old and starting to leak? Not covered. A comet lands on your roof? Covered. We get so few comets here in AZ. You could probably cover whatever damage yourself for cheaper than the what you paid all those years in insurance. If you don’t own your house outright you have to have insurance to get your loan. In the 17 years we have lived here the insurance paid out roughly $2k in claims.
I sometimes think why have home insurance if you own your house outright and have any sort of nest egg. The insurance only covers damage from natural causes. Your AC dies? Not covered. Your roof is old and starting to leak? Not covered. A comet lands on your roof? Covered. We get so few comets here in AZ. You could probably cover whatever damage yourself for cheaper than the what you paid all those years in insurance. If you don’t own your house outright you have to have insurance to get your loan. In the 17 years we have lived here the insurance paid out roughly $2k in claims.
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
I recently had a roofing company claim that they can get my old and worn roof replaced through insurance when they claim that recent storms and wind have degrated it.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
Gas prices are down? I know some folks here claim that they're skyrocketing but that doesn't seem to match the data.
Re: The US Economy
They seemed to be up in AZ, but I haven't been paying that close attention to them.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
https://gasprices.aaa.com/?state=AZ
AAA
US average $3.47
AZ average $3.73
The US is pumping all she has and tapping the reserves to keep the price down while Russia and OPEC are cutting output to do just the opposite.
AAA
US average $3.47
AZ average $3.73
The US is pumping all she has and tapping the reserves to keep the price down while Russia and OPEC are cutting output to do just the opposite.
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
Yeah, sounds like they are trying to screw us.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
It’s political/economic chess.
OPEC+ wants high prices because more money is better than less money. Russia has been black balled by the West because of its war with Ukraine and lost some of its oil customers. Russia is in OPEC+. China has picked up the slack for them. OPEC doesn’t like the US fighting against its interests by flooding the market with cheaper gas to keep prices down.
OPEC+ wants high prices because more money is better than less money. Russia has been black balled by the West because of its war with Ukraine and lost some of its oil customers. Russia is in OPEC+. China has picked up the slack for them. OPEC doesn’t like the US fighting against its interests by flooding the market with cheaper gas to keep prices down.
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
I have been sort of following Saudi Arabia. I think they see the end of oil being a dominant player in their future and started investing in big projects to wean off of oil as their only wealth maker. They are buying a lot of pro sports like golf and soccer. They are building cities. They are trying to split the difference between the sparring super powers and adapt to changing times.
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
The Petro dollar agreement was signed on June 9th, 1974 with Saudi Arabia. This was a 50 yr contract. It ends on Sunday, I would think. This will once again erode the US dollar as a reserve currency, as it's not attached to oil any longer. Is it going to be a fatal blow to the economy? Not sure. I think that Suadi signed with China and has said that China is now their most important economic ally and will be for the next 50 yrs.
I should say that China has been the largest owner of US bonds and they have been selling those bonds off like crazy, as have nearly every country that holds them too. This has been a relatively recent development.
Is it going to be something like:
Drip, drip...FLOOD. Or Little by Little Until All at Once.
I should say that China has been the largest owner of US bonds and they have been selling those bonds off like crazy, as have nearly every country that holds them too. This has been a relatively recent development.
Is it going to be something like:
Drip, drip...FLOOD. Or Little by Little Until All at Once.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
There is always a global chess game going on. The US has been the dominant player for a long time. China has been making that ground up fast. We basically finance their economic/military buildup with all the cheap stuff we buy from them it seems to me. Russia has grown in influence thanks to oil sales to where they feel confident enough to try to bring back the Soviet Union by force.
To shorten this, China, Russia, Iran, NK and sort of OPEC have joined forces against the US/West. Right now it isn’t full blown war but, it’s not that far from it.
China selling US bonds, OPEC not agreeing to increase production, Russia/Ukraine war, Israel/Hamas/Palestinian/Iranian war, Taiwan,
China, Iran and NK sending arms to Russia. See the world dividing into two camps and we are not friends with the other camp.
A fatal blow to the economy? Was Y2K fatal? We are the top economy in the world and the largest oil producer. People are still dying to get into the country. FOX News told my mother if Biden was elected we would all be in bread lines. The stock market would crumble.
If we were actually United and could stop intentionally destroying ourselves from within, we could probably be kicking ass.
To shorten this, China, Russia, Iran, NK and sort of OPEC have joined forces against the US/West. Right now it isn’t full blown war but, it’s not that far from it.
China selling US bonds, OPEC not agreeing to increase production, Russia/Ukraine war, Israel/Hamas/Palestinian/Iranian war, Taiwan,
China, Iran and NK sending arms to Russia. See the world dividing into two camps and we are not friends with the other camp.
A fatal blow to the economy? Was Y2K fatal? We are the top economy in the world and the largest oil producer. People are still dying to get into the country. FOX News told my mother if Biden was elected we would all be in bread lines. The stock market would crumble.
If we were actually United and could stop intentionally destroying ourselves from within, we could probably be kicking ass.
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
Explain the correlation between this and Y2K?
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."
Re: The US Economy
Y2 K was hugely hyped a possibly the end of the world event and it was a complete nothing burger. This is definitely something. It being the end of the US? Y2K
In four years, you don’t have to vote again. We’ll have it fixed so good, you’re not gonna have to vote.
Re: The US Economy
It was hyped, but you don't understand the amount of work every company did to make sure it was a nothing burger prior to it.
Individual companies have no control over what is going to happen here.
"There are 3 rules I live by: never get less than 12 hours sleep, never play cards with a guy with the same first name as a city & never get involved with a woman with a tattoo of a dagger on her body. Everything else is cream cheese."