Here Comes the Recession

#26
#26
MontyPython said:
FWIW I'm not "hoping for" a recession. But, the reality is that our economy experiences them as a normal cycle. It's not a question of IF a recession will eventually occur, but WHEN. Better now before the election than after.
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Now apply that cyclical argument to climate change.

Your last sentence is a perfect portrayal of the state of your party—you need the economy to fail to even have a chance at winning, in which it would then be wrecked beyond repair.
 
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#28
#28
lawgator1 said:
The key is to keep the House and win the Senate with a Dem president, then immediately get to work restoring some sanity to taxation policy.
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And what does that have to do with sustained wage growth and consumer demand?
 
#33
#33
MontyPython said:
FWIW I'm not "hoping for" a recession. But, the reality is that our economy experiences them as a normal cycle. It's not a question of IF a recession will eventually occur, but WHEN. Better now before the election than after.
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I know a recession is inevitable at some point down the road, but the way you guys talk about it in a giddy fashion rustles my jimmies.
 
#34
#34
Girth Brooks said:
Now apply that cyclical argument to climate change.

Your last sentence is a perfect portrayal of the state of your party—you need the economy to fail to even have a chance at winning, in which it would then be wrecked beyond repair.
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Pfffffft. Wrecked beyond repair, huh? You mean like the economy Bush handed off to Obama? You do recall the Great Recession right?

Long expansions and short contractions are normal. Relax.
 
#35
#35
MontyPython said:
Pfffffft. Wrecked beyond repair, huh? You mean like the economy Bush handed off to Obama? You do recall the Great Recession right?

Long expansions and short contractions are normal. Relax.
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But, but, but Bush. GTFO!

Bush wasn’t a hyper-partisan socialist, pushing tax rates at a clip that would make Venezuela blush.
 
#36
#36
DC_Vol said:
Are these readings pre or post Coronavirus crisis?

Most of China is still shutdown. Even though some plants are back to work, there’s no supply chain to move goods at port. This will reverberate through the economy for at least half a year.
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Well, the dems will spin the ensuing economic impact of the coronavirus off as Trump's failed policies, and the general public against Trump will eat from their hands without knowing what's in the food.

Fact...It's coming. And it all solely rests on China, the coronavirus, and whatever they did to release it. We are doing some cafeteria jobs at Hyundai in Montgomery. They are already shutting down complete lines of auto manufacturing, there and California, for lack of parts due to the quarantines and complete shutdowns of factories currently happening in China. The loss of Chinese manufacturing will reach far and wide for a while. There's an old saying about putting all your eggs in one basket. Doesn't matter where you go to for offshore manufacturing. Doesn't matter if you bring it back to the US. At some point it all goes back to China for components. And none of it has anything to do with Trump, or whoever the sitting POTUS would be.
 
#38
#38
MontyPython said:
Pfffffft. Wrecked beyond repair, huh? You mean like the economy Bush handed off to Obama? You do recall the Great Recession right?

Long expansions and short contractions are normal. Relax.
Click to expand...

I watched that movie The Big Short and it was enough to make me want to punch the wall. From my understanding it was unbridled Wall Street with lenient governmental lending policy. People should of gone to prison.
 
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#39
#39
InVOLuntary said:
You want to kill the economy? Elect any of these democrats running.
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Things are going great, aren't they?

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#42
#42
Dow Slides After Morgan Stanley Warns the ‘Downturn’ Has Begun

In a note to its clients, Morgan Stanley issued a warning to clients that the bull market run is at an end with the 'downturn'indicators flagging red for nearly a year.
 
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#43
#43
lawgator1 said:
The key is to keep the House and win the Senate with a Dem president, then immediately get to work restoring some sanity to taxation policy.
Click to expand...

Wait. A democratic controlled government is going to restore some sanity to taxation? You mean like not taking 40% in federal income taxes of what some people have earned?
 
#46
#46
Velo Vol said:
Things are going great, aren't they?

EREZ2fqX0AMpzsk
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We could have a booming economy with people making more money on their retirement investments, people making higher wages, with low unemployment and less people on government assistance with a high national debt or we could have higher unemployment, more people on government assistance, the stock market down, no one making money on their investments, lower wages, and a high national debt. I know which one I choose.
 
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#48
#48
MontyPython said:
The economic expansion may be coming to an end, if the bond market tea leaves are correct. Last summer, For the first time since the financial crisis, the benchmark 10-year Treasury yield fell below the two-year yield, a pricing anomaly known as a “yield curve inversion”. Only once since 1950 has the yield difference become negative and a recession has NOT shortly ensued.

Obviously, the economy is really the only thing propping up Trump for potential re-election this Fall. If the economic dominoes tumble, buh bye.

If it's gonna happen, hopefully it will be short and not too severe. It's been a huge positive run since the crash of 2008/9.

View attachment 262180
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It's inevitably going to happen at some point. No idea if that point is now, though. I have been waiting for another. About 60% of my real estate was purchased in 2009-2010. I want to expand but the prices in Middle Tennessee are prohibitive. When the recession hits, I plan on taking advantage of bargains bny making another bulk of purchases.

I don't want it to happen, mind you. I don't like do capitalizing on the misfortunes of others. But since these things are cyclical, I will be ready when the opportunity presents.
 
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#49
#49
lawgator1 said:
The key is to keep the House and win the Senate with a Dem president, then immediately get to work restoring some sanity to taxation policy.
Click to expand...
When is Nancy presenting the budget? Been 3 years and not a peep because she’s been pushing investigations costing millions that didn’t end well for her.
 
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