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Old Today, 01:07 PM
 
Location: The Republic of Texas
66,692 posts, read 33,961,833 times
Reputation: 14323

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Global recession and the USA is pulling the strings.
Gold to rise as the FED cuts interest rates today.


https://www.zerohedge.com/news/2019-...t-happens-next
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Old Today, 01:10 PM
 
Location: SGV
24,959 posts, read 9,743,657 times
Reputation: 9767
Master Fed has spoken!
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Old Today, 01:11 PM
 
Location: Brew City
4,359 posts, read 2,561,746 times
Reputation: 5888
Why cut rates in "the greatest economy in the history of America"?
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Old Today, 01:12 PM
 
9,118 posts, read 2,813,297 times
Reputation: 5547
Quote:
Originally Posted by No_Recess View Post
Master Fed has spoken!
Yep, Trump got was he was after all along. I knew it would happen. He not only owns the three branches of government, he also owns the Fed.
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Old Today, 01:13 PM
 
9,118 posts, read 2,813,297 times
Reputation: 5547
Quote:
Originally Posted by Vegabern View Post
Why cut rates in "the greatest economy in the history of America"?
It's their "insurance policy" against the economy going south because of the trade war and the global economic slowdown. Time will tell if it actually does what it's supposed to do. I don't think we have many bullets left, but who the hell knows.
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Old Today, 01:17 PM
 
Location: Brew City
4,359 posts, read 2,561,746 times
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Quote:
Originally Posted by trobesmom View Post
It's their "insurance policy" against the economy going south because of the trade war and the global economic slowdown. Time will tell if it actually does what it's supposed to do. I don't think we have many bullets left, but who the hell knows.
That's the problem. When we actually need to stimulate the economy there will be no tools left in our arsenal.

This is clearly just an attempt to boost/continue the current economy long enough to get him past the next election. After that, we're screwed.
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Old Today, 01:24 PM
 
1,076 posts, read 184,915 times
Reputation: 629
Did you read that article, it was not a good outlook our economy in America.

Quoted conclusion unedited:
"Which is why, if past is prologue, a July rate cut would mean that the next recession will start some time in November or December, and by the time of the presidential election in 2020, the US economy will be suffering a sharp contraction, hardly good news for the Trump presidential campaign"

I am not one of those "Crash the economy to get rid of Trump" people, I am concern with job loses and significant losses in my retirement. Recessions are opportunity so there are always two sides to a coin.
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Old Today, 01:26 PM
 
52,143 posts, read 41,961,372 times
Reputation: 32550
I literally laughed out loud when I saw this thread title.

OP was one of those "economy is going to collapse, gold is going to $5,000" types then got quiet as gold cratered.
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Old Today, 01:27 PM
 
9,118 posts, read 2,813,297 times
Reputation: 5547
Quote:
Originally Posted by Vegabern View Post
That's the problem. When we actually need to stimulate the economy there will be no tools left in our arsenal.

This is clearly just an attempt to boost/continue the current economy long enough to get him past the next election. After that, we're screwed.
Absolutely. You can't tell me he doesn't manipulate the markets.
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Old Today, 01:29 PM
 
19,448 posts, read 12,324,180 times
Reputation: 10703
Quote:
Originally Posted by Vegabern View Post
That's the problem. When we actually need to stimulate the economy there will be no tools left in our arsenal.

This is clearly just an attempt to boost/continue the current economy long enough to get him past the next election. After that, we're screwed.


11 year expansion without a recession.


Of course there will be a recession; the trick is predicting when it will occur.


Stocks are overvalued about 60%, we have a housing bubble, high personal debt, and very high student loan debt.


Banks are in better position than they were in 2008, but all the factors are there for a nice recession/stock market decline. It is a game of "hot potato" as far as who is left holding the potato when it hits.


I can tell you one thing- raising taxes on individuals and business and increasing regulations (which dems favor) is like spraying Round-Up on business.
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