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Old 08-16-2019, 03:13 PM
 
Location: Kansas City, MISSOURI
10,158 posts, read 3,098,774 times
Reputation: 7745

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Quote:
Originally Posted by uggabugga View Post
how do you know they aren't?
Would you not buy a car just because CNBC is saying "recession imminent?"

If you need or want a new car, you will buy a new car. If you don't, you won't.
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Old 08-16-2019, 03:13 PM
 
Location: Bellingham, WA
1,130 posts, read 1,187,741 times
Reputation: 1243
Quote:
Originally Posted by Enigma777 View Post
Recessions are 'spun'? Someone should have told Bear Sterns. Who knew?
I'm talking current day, now. Bad policies led up to prior recessions, Bush Jr's mess I predicted well before it happened, as there was just no way what was happening with home prices and loans was sustainable.
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Old 08-16-2019, 03:15 PM
 
31,621 posts, read 16,184,711 times
Reputation: 20871
Quote:
Originally Posted by James Bond 007 View Post
People are not going to not buy something just because some media outlets are screaming "recession coming!"
Responsible adults will put off major purchases if they believe the economy might stumble and put jobs in jeopardy.

I don't expect most liberal to understand the reasoning behind this.
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Old 08-16-2019, 03:17 PM
 
3,627 posts, read 1,071,388 times
Reputation: 2232
Quote:
Originally Posted by PedroMartinez View Post
Responsible adults will put off major purchases if they believe the economy might stumble and put jobs in jeopardy.

I don't expect most liberal to understand the reasoning behind this.
...and no builder is going to buy up some land and build houses either
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Old 08-16-2019, 03:19 PM
 
Location: Kansas City, MISSOURI
10,158 posts, read 3,098,774 times
Reputation: 7745
Quote:
Originally Posted by PedroMartinez View Post
Responsible adults will put off major purchases if they believe the economy might stumble and put jobs in jeopardy.

I don't expect most liberal to understand the reasoning behind this.
The problem with that reasoning is there is always, somebody somewhere, saying a recession is on the horizon. That being the case, if people behaved as you described them behaving, nobody would ever buy anything. Since people do buy things, that tells you that people ignore what the media says.
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Old 08-16-2019, 03:24 PM
 
31,621 posts, read 16,184,711 times
Reputation: 20871
Quote:
Originally Posted by James Bond 007 View Post
The problem with that reasoning is there is always, somebody somewhere, saying a recession is on the horizon. That being the case, if people behaved as you described them behaving, nobody would ever buy anything. Since people do buy things, that tells you that people ignore what the media says.
There is a difference between "somebody somewhere" and the majority of news outlets.

And like I said, responsible adults don't make major purchases when there is the threat of recession. I can only assume you don't associate with responsible adults.
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Old 08-16-2019, 03:25 PM
 
Location: Panama City, FL
3,420 posts, read 1,023,451 times
Reputation: 1285
Quote:
Originally Posted by EastwardBound View Post
The Russia narrative has failed and impeachment has stalled, so this is why we're seeing the push by the media and the Democrats of racism and economic failure.
You forget, there is an impeachment inquiry underway and a large number of sealed indictments. Tick, tick, tick, tock. Just because Congress isn't screaming like a toddler about all that is going on behind the scenes does not mean Donald and his Crime families legal troubles have gone away.

Just because someone murdered Epstein does not mean the truth of all that crap will be buried either.
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Old 08-16-2019, 03:27 PM
 
Location: Kansas City, MISSOURI
10,158 posts, read 3,098,774 times
Reputation: 7745
Quote:
Originally Posted by PedroMartinez View Post
There is a difference between "somebody somewhere" and the majority of news outlets.

And like I said, responsible adults don't make major purchases when there is the threat of recession. I can only assume you don't associate with responsible adults.
Also, if there is the threat of a recession, interest rates go down. That creates an incentive for some people to buy things.

So even if you were correct, there are other forces that even things out. Even the act of some people not buying some things would make the prices of those things go down, which is yet another incentive for other people to snap them up.

I wouldn't expect most Trump fans to understand the reasoning behind that.
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Old 08-16-2019, 03:31 PM
 
31,621 posts, read 16,184,711 times
Reputation: 20871
Quote:
Originally Posted by James Bond 007 View Post
Also, if there is the threat of a recession, interest rates go down. That creates an incentive for some people to buy things.

So even if you were correct, there are other forces that even things out. Even the act of some people not buying some things would make the prices of those things go down, which is yet another incentive for other people to snap them up.

I wouldn't expect most Trump fans to understand the reasoning behind that.
Yes, a liberal would probably be induced into financing a new car to save $500 even if their job is not secure.

Like I've said twice, I'm talking about responsible adults.
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Old 08-16-2019, 03:37 PM
 
Location: Kansas City, MISSOURI
10,158 posts, read 3,098,774 times
Reputation: 7745
Quote:
Originally Posted by PedroMartinez View Post
Yes, a liberal would probably be induced into financing a new car to save $500 even if their job is not secure.

Like I've said twice, I'm talking about responsible adults.
If they didn't think their job was secure, they wouldn't buy a new car.

The people who would buy a new car (or house) when interest rates went down, or when the prices of cars (or houses) went down, would be people who would not be worried about the security of their job.

But like I've already said once, I wouldn't expect Trump fans to understand.
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