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Knowing that Obama would follow the only sensible course by using spending and debt to turn around the mess that eight years of Bush-43 had finally collapsed into, the GOP simply went into obstructionist mode and railed on and on about the evils of spending and debt. In their minds, a bad economy would be good for them at the polls, so they did whatever they could to block and slow the process of recovery. Party before Country.
Obama controlled congress his first two years and rammed Obamacare through. He should have passed anti recession legislation according to you but didn't and not because if the GOP his first two years. He blew it time to try something new not act violently and stop progress as dems are doing now. They won't be happy when they have to listen to out vote in two years. Dems lost 1000 elected seats in 8 years and thing they turned it around? Lolol
We're overdue for a market correction, and that could easily happen this year. Whether that turns into a recession depends on how leveraged the big money is. Whatever happens, don't decide to cash out your 401k at the bottom.
You can investigate housing affordability as it affects cycles. Some state realtor associations track it on their web sites.
In my opinion, cycles would re-emerge if the following crisis measures were removed.
1. Japan abandons QQE and resets interest rate to zero.
2. The ECB abandons QE and resets the deposit rate to zero.
3, The Fed abandons re-investing proceeds from its balance sheet.
It would be just a matter of time, and may even be immediate as in 1970, 1987, 1998, or 2011.
There are also emergency measures for the housing market they should probably eliminate by now, notably those that keep deadbeats in these homes for years.
We have been in a recession for years. Witness mass store closings. Witness large segments of work force out of work around the world not even looking for work. Massive government programs around the world infusing cash. Witness artificially low interest rates around the world trying to fuel growth. Smoke and mirrors, smoke and mirrors..
no we haven't . your definition of things does not make things a recession . not all areas see things the same either . we are doing pretty well in our area economically .
i doubt folks today are worrying about their jobs unless they are in certain sectors only .
folks don't hit new highs in net worth in recessions either.
whether it is in the markets , their homes or real estate you have people everywhere hitting new highs almost daily . hardly the sign of a recession .
what you have is those who made poor career choices complaining for the most part .
working a cash register or putting things on the shelves in stores was never meant to be a permanent career .
Regardless of your opinion on the current political situation, things are starting to feel like its late 2006 or 2007. By most metrics, the economy is still humming along pretty well. However, there are warning signs such as an over-inflated stock market and the retail slowdown. In addition, the bond market is a serious sign of concern right now. It's possible we might get the perfect storm to cause the kind of recession pessimists thought 2008-09 would be (it was bad, but it wasn't quite that bad).
Regardless of the cause, we are overdue for at least a cyclical recession. What do you think? Do you think we will see recession in the next year?
Only Hillary voters, everyone else knows the economy is gonna boom.
We are ready for an economic expansion and its got nothing to do with cycles, its has to do with getting Gvmnt out of the way.
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