US coming into a Recession

We are seeing the real effects of the trump economy now. And businesses in my world are excellent predictors of the economy. We always see it first because we work in virtually all industries.

I didn't realize we have been riding on a backlog that is now exhausting. That was a bit misleading. But when I did a head check today. I found the economy has slowed a great deal.

No doubt about it. By 2020 we'll be in a recession. It has already started.

 

I just don't get why liberals all demand recessions and inflict pain on our economies when they don't get their political way. Liberals have been predicting the impending doom for nearly 3 years now. It's old. It's incredibly inaccurate, and no one is buying into the snake oil these scheisters are selling. Do some actual accounting here, show your work.

 

And! what businesses would that be in your World, I would like to know in order to see if there is any validity to your claim.

 

No evidence of that and the same prediction has been made for the last three years

Unemployment is still up and the economy is growing

 

Keep predicting it. Eventually you'll be right, and you can claim dominance!

 

The real effects of papering over the economy since 08

 

https://www.cnbc.com/2019/08/13/us-...level-since-2007-amid-risk-off-sentiment.html

 

Recent reports indicate credit defaults on cars and bankruptcies are up. Yield Curve inversion and slower economic growth are not positive signs. To me, the stock market is a lag indicator as is hiring. These are reactionary, nothing much to learn there. Seems like a 40-60 proposition of growth vs. contraction. We've topped out.

 

Fueling an economy on debt expansion was dumb in 2008, and still is

 

Nobody "demands" a recession or wants to "inflict pain".

It is, however, becoming harder to ignore the recession warnings, for example the yield curve inversion, which preceded every single one of the recent recessions.

One other thing is also becoming increasingly clear: The easy tax cut money induced "boom" didn't last long. After the sugar high from the easy money is over, people go back to spend based on the economic fundamentals, which haven't really changed since the tax cuts.

None of those things, though, are a surprise to those who always knew that the GOP tax cut scheme is a sham.

 

Are you sure? The evidence here is that starting immediately, as in the night of the 2016 election, you had folks insisting the economy was going to tank. That night. And it hasn't stopped since. And now, we see the same folks whispering the same things, still. And what really will the impact be? Everyone has been planning a plateau for 2019, and 2020 may be flat. That isn't recession. And frankly, the strength of our economic output may overcome the ability of liberal money managers from entirely tanking it. Time will tell.

 

We've been headed into a recession for quite a long time. Politicians and adjusters kicking the can down the road by manipulating interest rates and stimulations. The longer we keep artificially inflating it, the worse its its going to be when it pops.

The only argument I've heard that makes any sense is that we're trying to outlast China (who's trying to outlast us) in the hopes that 'last man standing' can emerge from the ashes in a superior position.

But its going to hurt everyone regardless.

Stash away innexpensive shelf stable food like canned goods on clearance sale and big bags of rice.

 

The yield curve inverted today causing the market to drop 550 points by 11:00 A.M.A sure sign of a coming recession.

 

Recession.................wait...................I thought the tax cut for the rich was going to ensure we had 2.9% GDP growth for the next ten years???

 

Who are those "liberal money managers" who will tank the economy? Inquiring minds want to know?

 

Recount shows Trump didn’t get his 3% growth in 2018 after all
https://www.cnbc.com/2019/07/26/gdp-growth-fails-to-hit-trumps-3percent-target-in-2018.html

The most recent data undermines Trump’s longtime assertion that his policies are pushing growth into a 3%-plus range through a policy cocktail of deregulation, lower taxes and a U.S.-focused trade strategy.

 

Our dollar volume largest exporter Boeing, is no longer shipping very expensive planes out of our country which in and of itself is a severe blow to our economy.

 

Paul Krugman? Jesse Felder...Chris Cole...Kyle Bass.. I mean, seriously. There's a really long list.

 

Oh yes....the storied "yield curve inversion"......LOL

There are literally thousands of economic indicators. At any given time, either side can cherry pick SOME of those indicators to tell whatever economic story that they want to tell.

 

Krugman is a columnist. Let me get this straight. You think money managers, guys who for instance run hedge funds, are in control of the global economies?

 

Gosh that was a stretch. Even for you. Careful or you'll get to see your own stretch armstrong insides....

 

"That isn't recession. And frankly, the strength of our economic output may overcome the ability of liberal money managers from entirely tanking it."

What are "liberal money managers" doing that you think potentially has a strong enough impact on the economy to tank it?

 

Yeah, like giving wall street $80b per month in QE for years on end

 

Watch MSNBC for a while. The constant negativity about the economy is visceral there. Watch CNBC, same deal. The regular networks, ABC, CBS, NBC, all run the same scare you to death prognostications. I cited the actual folks, just a very small partial list of them. And yet, the economy continues, In spite of this constant barrage of negative spin about it.

The very first example of this was Dan Rather, calling out Bush I and continuing to lie about it until Clinton was elected.. Then, magic, the economy was super again. This is so transparent. It's utterly indefensible that democrats and their liberal allies should be able to get away with this cr4p every time they lose an election...

 

So talking negatively will tank the economy? So does talking positively grow an economy???