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A correction is 10% down from market highs, 20% down from market high is a recession. These are facts too. Orange man bad. We're not there.
Everyone knows market corrections come, recessions too... it's not if, but when. I do see a slow down, but not recession at this time. Our country has room to grow.
I just don't understand. Trump inherited a steady, healthy economy. Why is he being so stubborn about these trade wars? Appeasing his base? Time will tell if we are headed for recession in the next year, but things aren't looking good if this nonsense continues.
If we head into a recession before November 2020, Trump is toast and rightfully so.
Recessions and expansions are a natural part of the economic cycle. Obama inherited a recession, and it would have eventually rebounded no matter what Obama did or did not do. What's important though is Obama slashed interest rates to nearly 0 to keep the recession of 2007 from becoming a depression, and he increased the deficit to flood the USA economy with free cash. This might have been the right decision when he took office, but he needed to reverse this before he left, but he did not do that. Now this economic boom is a result of record low interest rates - it's anemic. But worse, when the real correction comes, Fed won't have tools to fight it.
It wasn't just Obama, Trump couldn't get The FED to do it. Even if Trump wanted to do it... This is a recession based on two presidents' policy, not just Obama.
I just don't understand. Trump inherited a steady, healthy economy. Why is he being so stubborn about these trade wars? Appeasing his base? Time will tell if we are headed for recession in the next year, but things aren't looking good if this nonsense continues.
If we head into a recession before November 2020, Trump is toast and rightfully so.
I think we will be in a recession by then, the question is not if, but when. We are 14 months out before a recession would be effective. I highly doubt a crash in November 2020 would do a lot.
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This is a recession based on two presidents' policy, not just Obama.