Trumps economic counsel Larry Kudlow says no Recession in sight ?

Discussion in 'Political Opinions & Beliefs' started by Quadhole, Jan 4, 2019.

  1. Quadhole

    Quadhole Well-Known Member

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    Here : https://thehill.com/homenews/administration/423851-kudlow-no-recession-in-sight

    He also said that deficits are falling under Trump (a lie) : https://www.politifact.com/truth-o-...kudlow-wrong-about-deficits-falling-rapidly-/

    In 2008 he said the same thing here (another LIE) : https://www.cnbc.com/video/2008/06/02/kudlow-no-recession.html CNBC has since removed, can be found on youtube I am sure.

    What everyone needs to understand is that these people LIE ! Lie to the camera and to you. There is proof and video of such. Today they put the 3 past FED chairs on the pulpit with OK data about JOBS (low paying ones) and preached they may slow rate climbs. This, all to prop up the market and keep the honest hard working Americans from taking their money out of their 401K and locking in the gains. THey want you to spend, not save so they can pocket more money.
    Our country is totally screwed and the Truth is being withheld from you. And no, this isn't a LIBERAL stance, it is money, Obama helped screw us too wallowing QE 1,2,3. The bailout in 2008 should have never happened and since, all we did is print more money, give it to the rich so they can buy stock in mass and prop up the stock market making the ECONOMY look better. How much more money do you make vs 2000 ? Inflation has gone up at 5% a year, rent from 900.00$ a 3 bedroom house to $1400.00. This means if you made $20/hour then you should make $30.00, but you make the same or less.

    Everything else, the news, the republicans, democrats, all of them are in bed with the RICH people that pay them to make you think it is all ok. Will all come crashing down soon. You can't keep lying to the people. You can't keep paying people 20$ an hour and charging more each year in a greedy steal from the working class.
    Big problems ahead. Listen to Kudlow and lose !
     
    Last edited: Jan 4, 2019
  2. fmw

    fmw Well-Known Member

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    You and your ilk may be able talk the economy into recession since the economy is emotional. But there is nothing in the numbers that would indicate the onset of one. The only numbers are the stock market and it is more emotional than the economy in general. The stock market is driven by computer programs designed to react to news. If the news continues to want a recession then it will get one.
     
  3. Quadhole

    Quadhole Well-Known Member

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    Yea, sure, ok... My ilk ... Go look at the FED site charts, go read from Gordon Long, and other Economic Professors and the ones who ran the system 40 years ago. It is OK to watch what kudlow, CNBC, Trump, Mick Mulvaney show and tell give you. Those NUMBERS, as is CPI are all now manipulated and revised each month.
    The entire growth in the market was buybacks, it drove it all up. Real wage gain has not moved in 20 years. QE was real, the housing bubble which was only blown up was and is real. 22T in Debt is REAL !
    The LAW changes in Mark to Market are real and the responsibility of the upcoming crash is now passed onto the people, not the banks. Leveraged Loans are at a record high, bond rates for business are downgranded near JUNK. Big FAANG stocks are off 20 - 30%. But ya, none of it is real because the manipulated economy, numbers controlled by the govt republicans is all REAL in the make believe world of... "Make it great again.

    Here are just a few charts :
    https://matasii.com/the-markets-pro...ning-global-money-including-collateral-flows/

    Everything isn't based on news as your last sentence applies. As if, The media will be the ones to create a recession. The REAL numbers, not the fake BS CPI and other numbers tell the real story. I am not a peter schiff fan, but he tells the truth, so does Lynette Zang. Go watch... On Schiff, he is correct in most everything he says, until he breaks out the FREE market capitalism and wages could dictate themselves thru supply and demand. How did that work pre- FDR ? The rich got richer and leveraged the working class. They would do the same if they could today. You have to tax them, force them into compliance as FDR did...

    Good luck with your angle and we can continue to watch the truth. CPI at 1-2% real Inflation is at 5% year over year. They just don't include costs they can't manipulate in CPI. How convenient.
     
  4. fmw

    fmw Well-Known Member

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    Good luck with your campaign to talk the economy down.
     

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