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Knowing what causes it will give us a better idea how severe and how long it will be.
When everyone is in a panic and throwing in the towel I'll be a buyer, holding 90% in cash now.
Again you don't give much time or effort explaining the basis for your opinions, but just why do you think we are "way overdo for a recession" right now? Before Trump started ignorantly shooting from the hip in every direction but up there was every indication the world economy and ours would enjoy further growth and expansion well into the foreseeable future. Another recession not in sight according to most economic indicators that predict a downturn.
In part that was why the market was doing so well and why you were going on about the gains for so long in this thread, even though it also didn't make sense to be giving Trump credit as the title of your thread makes painfully obvious. You continued to beat that drum ad nauseam. Now you seem more interested in what REALLY tends to affect the markets. Maybe Trump not the "greatest" after all?
I used to argue no POTUS had that much influence on the markets for a host of reasons, and for the most part that's true. I also thought we were going to enjoy a strong economy for a good while longer, despite Trump, but to the extent a POTUS CAN have influence, Trump sure knows how to keep everyone guessing and muck things up in the process!
But "way overdo for a recession?" Again, it's a bit more complicated than you seem to think, and/or you can't now let Trump off the hook that easily...
"You can see that roughly every four years the U.S. has entered a recession. Even though they’ve been more spread out after WWII, recessions have still occurred once every five years or so since then. The longest period of calm in the economic cycle was during the 1990s when the economy went a full decade without a down cycle. It’s been just shy of six years since the last recession technically ended, so it makes sense to consider when we’ll see the next one.
Recessions don’t necessarily follow a set schedule, but you can be sure that the business cycle will rear its ugly head eventually. And just like stock bear markets, most investors will be shocked every time the next downturn hits."
I'm old enough to remember when Presidents tried to avoid using language that would cause the stock market to react, negatively or positively.
One does wonder if Trump tips off his country club friends before he issues a tweet. "I'm about to call for more tariffs; get your short orders in now".
"Things haven’t been this bad since Richard Nixon’s presidency."
If true how would it be any different that anyone one else who left office with higher debit than when they arrived.
was Asawin Suebsaeng in the room or just the unnamed sources, which too often is "Fake News".
Well to be fair, it would apply to republicans leaving the office but it's the exact opposite for a democratic president.
Seems Republicans break it and then hand the keys to the democrat who fixes it and then hands the keys to a republican who proceeds to break it again.
Clinton handed a budget surplus.
Bush handed Obama a broken economy on the brink of a Great Depression.
Obama handed the keys to Trump who is now blithely squandering the hard recovery we've gone through the last 8 years, using the same failed policies of Reagan and Bush.
TRICKLE DOWN DOESN'T WORK!!!!~! The corporations buy back their own stock and give the money to their shareholders.
Now democrats will have to spend 8 years putting the economy and nation back on track once Trump gets finished. He's already derailed so many pillars of a solid economy in America that it will take a whole term for the next guy to fix it.
Well to be fair, it would apply to republicans leaving the office but it's the exact opposite for a democratic president.
Seems Republicans break it and then hand the keys to the democrat who fixes it and then hands the keys to a republican who proceeds to break it again.
Clinton handed a budget surplus.
Bush handed Obama a broken economy on the brink of a Great Depression.
Obama handed the keys to Trump who is now blithely squandering the hard recovery we've gone through the last 8 years, using the same failed policies of Reagan and Bush.
TRICKLE DOWN DOESN'T WORK!!!!~! The corporations buy back their own stock and give the money to their shareholders.
Now democrats will have to spend 8 years putting the economy and nation back on track once Trump gets finished. He's already derailed so many pillars of a solid economy in America that it will take a whole term for the next guy to fix it.
How considerate !!!
Skipped right over the debit increase of Obama then try and mask it with BS about a recovery.
It was so high its embarrassing to even think about it. Smoke and mirrors.
Again you don't give much time or effort explaining the basis for your opinions, but just why do you think we are "way overdo for a recession" right now? Before Trump started ignorantly shooting from the hip in every direction but up there was every indication the world economy and ours would enjoy further growth and expansion well into the foreseeable future. Another recession not in sight according to most economic indicators that predict a downturn.
I think one of the things history will remember Trump for, beyond his general incompetence, is turning what was heating up to be a booming economy into a nasty recession. The US economy has a lot of moving parts and thus it has taken a while to shift course. But, cracks are starting to show and the true "Trump economy" is about to rear its ugly head.
I think one of the things history will remember Trump for, beyond his general incompetence, is turning what was heating up to be a booming economy into a nasty recession. The US economy has a lot of moving parts and thus it has taken a while to shift course. But, cracks are starting to show and the true "Trump economy" is about to rear its ugly head.
Looks like you figured it out !!!
There is the true Trump economy and the untrue Trump economy.
Must be the true global economy and the untrue also.
Do any of them use the same data or each has its own ?
The cracks are showing alright.
In the duel universe where the mirrors look into us but we can't look into the mirror.
Last edited by phma; 12-06-2018 at 12:01 AM..
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