Row 2466

Row ID: 2466 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 2466 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

For those of us who prefer to see the 5 items in the article summarized:

>1 – The national debt is over $33 trillion and the government’s about to shut down (again) > >2 – Oil is headed north of $100 a barrel > >3 - The UAW strike could crush the car market > >4 - Nearly 44 million student loan borrowers will soon see payments restart > >5 - Mortgage rates nearing 8% threatens to restart the housing deep freeze

The UAW and student loan repayment restart is my least concern.

The cost of servicing the debt has already doubled and will only continue to rise requiring either more debt or cuts in spending.

The cost of oil is a huge problem because the policies of the party in the White House is focused on eliminating oil and replacing it with renewables and we just don’t have the infrastructure to support all the renewables they want.

Rising mortgage rates are a scary problem. Many people if not most people have been treating their home as a piggy bank, drawing in the equity to help fund their lives. That worked well when interest rates were at 3% but at 8% that’ll be far less viable. In addition with so many people now stuck in their homes as a result of having locked in low rate mortgages the housing industry could literally face near collapse as people simply aren’t going to be able to move. A major slowdown in the housing industry will affect every corner of the economy.

FieldValue
text For those of us who prefer to see the 5 items in the article summarized: >1 – The national debt is over $33 trillion and the government’s about to shut down (again) > >2 – Oil is headed north of $100 a barrel > >3 - The UAW strike could crush the car market > >4 - Nearly 44 million student loan borrowers will soon see payments restart > >5 - Mortgage rates nearing 8% threatens to restart the housing deep freeze The UAW and student loan repayment restart is my least concern. Th…
label r/financenews
dataType comment
communityName r/FinanceNews
datetime 2023-10-08
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Raw Record

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  "text": "For those of us who prefer to see the 5 items in the article summarized:\n\n>1 – The national debt is over $33 trillion and the government’s about to shut down (again)  \n>  \n>2 – Oil is headed north of $100 a barrel  \n>  \n>3 - The UAW strike could crush the car market  \n>  \n>4 - Nearly 44 million student loan borrowers will soon see payments restart  \n>  \n>5 - Mortgage rates nearing 8% threatens to restart the housing deep freeze\n\nThe UAW and student loan repayment restart is my least concern.\n\nThe cost of servicing the debt has already doubled and will only continue to rise requiring either more debt or cuts in spending.\n\nThe cost of oil is a huge problem because the policies of the party in the White House is focused on eliminating oil and replacing it with renewables and we just don’t have the infrastructure to support all the renewables they want.\n\nRising mortgage rates are a scary problem.  Many people if not most people have been treating their home as a piggy bank, drawing in the equity to help fund their lives.  That worked well when interest rates were at 3% but at 8% that’ll be far less viable.  In addition with so many people now stuck in their homes as a result of having locked in low rate mortgages the housing industry could literally face near collapse as people simply aren’t going to be able to move.  A major slowdown in the housing industry will affect every corner of the economy.",
  "label": "r/financenews",
  "dataType": "comment",
  "communityName": "r/FinanceNews",
  "datetime": "2023-10-08",
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  "url_encoded": "Z0FBQUFBQm5Lak9FU0xQMm5FR1dpcmRRWjZ4VjJSMHNtOEtWOGMxbWg0V1VrcUtqQ1hPelVBQ01hMHV1V0JLOXRHcExEMVFHWWdfZEpRejJvUVAxVDZFZWtXcGJ5NzJhMDJmczVFUEEtdTR4OTU0Z3N1R1AzbG5QSkFRcXE3VjVLV2k3OGozLVdRLURCUnJjU2tCckw5aGZnTEc3akZKMlRYSHpVa0ZkY1BZc2kzZ1RrZU1XUURRLWRoTlF4MGI4bC02X3hLaUl4T09OX0M2NUJ5VWFzb0NuUElkQmxucnkzZz09"
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