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I put my post above yours so I can now explain since it has been a couple days since I posted it. Dow futures are up 159 as I speak. If they hold, this will be the 3rd up day in a row. All the losses from the first of the year can easily be made right back up because nothing has broken. I am not saying that is definitely going to happen, but it is easily possible. The drop this year is most likely another false alarm like August.
Katie, thanks for the thumbs up on the previous post.
This party is over. It should have ended years ago but for the Central Banks interventions which basically transferred historically unprecedented amount of wealth from the middle class to the Billionaire Class. As a result, a recession or worse is absolutely inevitable. The 99% create a thriving economy by buying from each other. The 1% do nothing except amass wealth. Observe the Eisenhower years as a case study.
The Fed may intervene again but it will just increase debt more and increase social instability and upheaval more. Printing money benefits no one except the Billionaires who get the free money while everyone else gets the debt
I doubt the Fed will print more money. I doubt they'll raise rates again a pathetic .25%. However the mountain of deflation caused by misallocation of capital resources is destroying all of the economies everywhere and a bad ending to the party is baked in.
The Fed may intervene again but it will just increase debt more and increase social instability and upheaval more. Printing money benefits no one except the Billionaires who get the free money while everyone else gets the debt
I doubt the Fed will print more money..
We have to say NO MORE to debt creation and we need to raise interest rates into double diggits, raise taxes for wealthy individuals in America and corporations and make them pay for deflation season.
No more debt creation, make the rich pay for deflation, after all they are the ones who profited mostly from inflation season, they have to finance deflation season. No more debt!!!!!!
The Lord gives and the Lords takes away. This is the LAW!!!
We have to say NO MORE to debt creation and we need to raise interest rates into double diggits, raise taxes for wealthy individuals in America and corporations and make them pay for deflation season.
No more debt creation, make the rich pay for deflation, after all they are the ones who profited mostly from inflation season, they have to finance deflation season. No more debt!!!!!!
The Lord gives and the Lords takes away. This is the LAW!!!
They will not shut in down without more social upheaval, though the EU Oligarchy in Brussels (the counterpart to D.C. Inc.) is somewhat concerned about the collapse of the Union. Abe isn't scared though. Japan can topple into the ocean and the Japanese will tolerate it. Asia and South America are a different story.
These two posters are more political in their points and not really on topic for the purpose of this thread---
Political / social revolution and world collapse is long way from recession...
Therefore, open your front door, and run outside. RUN RUN RUN in a mad panic. Around your neighborhood. Start yelling, "OMG the market is collapsing, the market is collapsing!!" Do this at the top of your lungs. Get it all out, don't hold back.
The Atlanta Fed has revised growth for the 4th quarter down to .6% which is getting really close. Commodities are indicating growth is stalled, and auto inventories are beginning to build. Retail numbers are bad. Both Baltic Dry Index and Tanker rates are in the toilet and falling. Oil is still falling with no floor in sight. Junk Bonds are in trouble with the oil drillers beginning to default. But perhaps the most negative indicator is the talking heads on the business channels are telling people not to panic and stay the course, the last time I heard them say that the market went for a 40% downturn.
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