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Thread: The Recession..

  1. #21

  2. #22

    Default

    Recession, what recession? It's an election year, there can't be a recession! But if we aren't already in a recession, we're as close as one can get without being in one. But then again a recession is when somebody else loses their job, a depression is when you lose your job. Next year might not be the upcoming recession, it might be the second year of the "greatest" recession of all time.

    Oil is showing the slowing of the economy, so is the increasing unemployment number. Soon it will be part two of the stock market fall. Western banks are reporting bad results and perhaps a few will need bailing out soon. China is calling out tanks to prevent people from demanding their money back from failing banks. I guess that's their form of FDIC?

    IMHO, inflation will drop as demand for goods slows (anyone else seeing price cuts?) and then will come the drop in interest rates (good for bonds!) as personal and business borrowing slows way down. Then QE part 5 or 6 (7 ???) as the Fed and other central banks spin like a tops on ending tightening vs. running printing presses again. Powell are you ready to spin? No, he's going to raise rates all summer and then spin and spin come the fall. Slow that economy some more before you get that figured out!

    Followed by more of the same BS from TPTB.

    Then we can look forward to the greenies telling us it is for our own good and that using energy is so overrated. German is going to shutdown their nuke power plants even as Russia cuts off natural gas. The USA is going cancel existing oil leases if sleepy Joe has his way. Maybe he should mandate solar powered tractors and wind powered ships? We will be told wear triple masks, don't socialize, only eat weeds and to live in the dark. Ban cows, they fart too much.

    Recessions are so last century. We don't do recessions. We have MMT. Blockchain too.
    American Legion Preamble: https://www.legion.org/preamble

  3. #23

    Default

    Quote Originally Posted by LongDonSilver View Post
    Recession, what recession? It's an election year, there can't be a recession! But if we aren't already in a recession, we're as close as one can get without being in one. But then again a recession is when somebody else loses their job, a depression is when you lose your job. Next year might not be the upcoming recession, it might be the second year of the "greatest" recession of all time.

    Oil is showing the slowing of the economy, so is the increasing unemployment number. Soon it will be part two of the stock market fall. Western banks are reporting bad results and perhaps a few will need bailing out soon. China is calling out tanks to prevent people from demanding their money back from failing banks. I guess that's their form of FDIC?

    IMHO, inflation will drop as demand for goods slows (anyone else seeing price cuts?) and then will come the drop in interest rates (good for bonds!) as personal and business borrowing slows way down. Then QE part 5 or 6 (7 ???) as the Fed and other central banks spin like a tops on ending tightening vs. running printing presses again. Powell are you ready to spin? No, he's going to raise rates all summer and then spin and spin come the fall. Slow that economy some more before you get that figured out!

    Followed by more of the same BS from TPTB.

    Then we can look forward to the greenies telling us it is for our own good and that using energy is so overrated. German is going to shutdown their nuke power plants even as Russia cuts off natural gas. The USA is going cancel existing oil leases if sleepy Joe has his way. Maybe he should mandate solar powered tractors and wind powered ships? We will be told wear triple masks, don't socialize, only eat weeds and to live in the dark. Ban cows, they fart too much.

    Recessions are so last century. We don't do recessions. We have MMT. Blockchain too.
    Really well Said..
    it's Not Looking Too Good Right about Now
    x3

  4. #24

  5. #25

    Default

    https://www.marketwatch.com/story/ev...?mod=home-page

    2pm Today in D.C. the Fed will Make the Call on on Another Rate Hike Thingy
    https://www.newsweek.com/interest-ra...ession-1728250
    Last edited by silverone; 07-27-2022 at 10:04 AM.
    x3

  6. #26

  7. #27

    Default

    Yessir ^^^

    First, the $6 trillion-plus in covid stimulus funds from 2020 has cycled through the retail chain and well out of people's pockets. It's gone, and the huge increase in economic activity that it triggered is gone also. We are finally feeling the effects that naturally occur at the end of helicopter money.
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

  8. #28

  9. #29

    Lightbulb

    Last edited by silverone; 07-30-2022 at 10:12 AM.
    x3

  10. #30

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