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Old 08-16-2019, 07:05 PM
 
7,285 posts, read 1,920,652 times
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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!"

Some people will stop buying if they believe a recession is coming. That is actually one of the things that helps trigger a recession and #1 on the list below.



https://moneywise.com/a/recession-warning-signs
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Old 08-16-2019, 07:12 PM
 
7,285 posts, read 1,920,652 times
Reputation: 4351
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.
https://www.npr.org/2019/07/31/73406...ime-since-2008
The feds cut interests for the first time since 2008. So there you go.

Quote:
Originally Posted by James Bond 007 View Post
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.
I am not a Trumper not a liberal but people have a herd mentality and often do the wrong thing. If people think prices are falling they will wait until the start going up again to jump in. They don't want to try to catch a falling knife.
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Old 08-16-2019, 09:04 PM
 
Location: Kansas City, MISSOURI
10,127 posts, read 3,077,822 times
Reputation: 7697
Quote:
Originally Posted by Oklazona Bound View Post
Some people will stop buying if they believe a recession is coming. That is actually one of the things that helps trigger a recession and #1 on the list below.

https://moneywise.com/a/recession-warning-signs
The consumer confidence in #1 in your list was referring to people's situations, not what the media is telling them.

If lots of people start losing their jobs, then yes, consumer confidence will go down. If the stock market crashes, then yes, consumer confidence will go down. If their hours at work start getting cut, yes, consumer confidence will go down.

That is, the decline in confidence is a result of a recession, not the cause of it.
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Old 08-16-2019, 09:17 PM
 
39,517 posts, read 15,652,959 times
Reputation: 25825
Quote:
Originally Posted by James Bond 007 View Post
The consumer confidence in #1 in your list was referring to people's situations, not what the media is telling them.

If lots of people start losing their jobs, then yes, consumer confidence will go down. If the stock market crashes, then yes, consumer confidence will go down. If their hours at work start getting cut, yes, consumer confidence will go down.

That is, the decline in confidence is a result of a recession, not the cause of it.
Oh, you and your logic and reasoning.

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Old 08-19-2019, 12:57 PM
 
12,340 posts, read 3,121,492 times
Reputation: 5833
Obama and other Alinskyites believe the US must be punished for being successful. Self-flagellation.

Yep, that's a winning strategy for 2020.
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Old 08-19-2019, 01:04 PM
 
Location: AZ
2,376 posts, read 500,427 times
Reputation: 1043
Quote:
Originally Posted by PilgrimsProgress View Post
Obama and other Alinskyites believe the US must be punished for being successful. Self-flagellation.

Yep, that's a winning strategy for 2020.
And alt-right trolls will believe any and all propaganda they see on YouTube.

Yep, thatís a winning strategy for life. Not.
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Old 08-19-2019, 01:25 PM
 
1,446 posts, read 261,656 times
Reputation: 861
Nothing fundamental has changed in our economy since 2008 and people thought the party would continue forever? Oh it was alll Bush or Obama right? Suckers never learn.

We are in a boom bust economy that makes Billionaires more Billions and can make a millionaire a Billionaire if played right. And non of that includes the middle class, your just pawns that contribute your hard earned money to buy crap products with credit to keep the party going.

Removing ones self from that cycle is the key. Party affiliation is not a factor but reading this thread you would never know.
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Old 08-19-2019, 01:56 PM
 
Location: Kansas City, MISSOURI
10,127 posts, read 3,077,822 times
Reputation: 7697
Quote:
Originally Posted by PilgrimsProgress View Post
Obama and other Alinskyites believe the US must be punished for being successful. Self-flagellation.

Yep, that's a winning strategy for 2020.
People who know nothing about economics and interest rates claim that raising interest rates is "punishing" the US.
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Old 08-19-2019, 01:59 PM
 
Location: Planet earth
3,449 posts, read 1,376,847 times
Reputation: 1178
It isn't spin. The US cannot afford to pay the interest on its debt with the government bonds that are maturing. That means there MUST be further deficit spending UNLESS there is serious and real cuts in spending (not just cuts in the growth of spending) and additional debt that will require more printing of money which is then loaned to the government with interest rates to be paid.


The ONLY thing I don't like about this being blamed on Trump is this has been going on for a long, long time.
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Old 08-19-2019, 03:51 PM
 
1,669 posts, read 402,220 times
Reputation: 2471
Quote:
Originally Posted by KS_Referee View Post


The ONLY thing I don't like about this being blamed on Trump is this has been going on for a long, long time.

Correct. And Trump is the perfect boogeyman to blame the fall on (constantly bragging about "the greatest economy ever"). The real power players couldn't dream up a better script the masses will eat up.
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