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Old Today, 04:28 PM
 
Location: Santa Monica, Ca
7,018 posts, read 3,913,519 times
Reputation: 16772

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The are talking about the economy... How they’re going to ruin it by giving away the farm. Free everything!
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Old Today, 04:36 PM
 
Location: Kansas City, MISSOURI
9,125 posts, read 2,799,861 times
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Quote:
Originally Posted by momonkey View Post
Correct!

There are significant differences.

That was pointed out to you, but you have a selective ADD.

What took place in 2007 has nothing to do with today.

There is no pending credit default swap crisis, so why act as thought there were?

Tariffs applied to a trading partner with a 4 to 1 advantage isn't going to throw the US into a recession.

The federal government will buy the excess soybeans - the way they always do - and that will be the end of it.

The world is full of third-world hell holes that can make our t-shirts and phone chargers.

We don't have to do business with China, and we don't have to accept one-way trade deals with a nation that steals our technology and supplies it to a growing military that we may one day have to confront.

For once, maybe, we should do something besides slam our **** in a car door.
There have been many recessions that had no big, singular "cause," just a general slowdown. The 1990 recession, for example. No reason it can't happen again.

That said, if you read the financial news there's a lot of talk about corporate debt driving another recession. So maybe that could be a factor.
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Old Today, 04:39 PM
 
Location: Kansas City, MISSOURI
9,125 posts, read 2,799,861 times
Reputation: 7017
Another recession alarm goes off
Quote:
"In the past, every time since 1960 that this index has breached 30%, a recession followed," Morgan Stanley Wealth Management CIO Lisa Shalett wrote in a July 1 note to clients. It rose to 32.9% in June.

Shalett also pointed to the gold/silver ratio, weakness in auto sales, housing, manufacturing, earnings and capital spending.
"Recession probability models have entered warning territory and it may be unavoidable."
It's instructive to look at the chart in that article, too.
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