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Old Yesterday, 01:35 PM
 
602 posts, read 120,056 times
Reputation: 684

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Never before in the history of our country has such a massive deranged mob of people desperately wished for widespread economic hardship for their fellow men and women.

Terrifying.
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Old Yesterday, 01:38 PM
Status: "beware: jokes about biden are against the TOS" (set 20 days ago)
 
1,034 posts, read 192,900 times
Reputation: 639
Quote:
Originally Posted by mirage98de View Post
Never before in the history of our country has such a massive deranged mob of people desperately wished for widespread economic hardship for their fellow men and women.

Terrifying.
miserable people
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Old Yesterday, 01:40 PM
 
608 posts, read 486,943 times
Reputation: 195
We are living in the BIGGEST economic EXPANSION cycle. Ten years in and past our expiration date by our normal three years give or take a year.


It's not rocket science people. It's not the left it's not the right IT IS a cycle that keeps perpetuating by our 1% who keep us distracted while they grow the number of millionaires and shrink the middle class. This is not a CONSPIRACY lol.


Trump campaigning against China with his tariffs is more than a double edged sword. Not only is he flirting with war but he IS in FACT accelerating this recession. Very short sighted but he's calling the FED's bluff and banking on them and the 1% to prop up this economy in the months ahead of his re-election campaign. BIG money does not want their taxes to go up. Remember the top 1% pay 40%+ of the nations taxes.


There's very low volume in the stock market and big hedge fund chairmen are taking buy outs. Huge companies are buying their own stocks (buybacks) to skew their numbers for dividends and future mergers and acquisitions.


The writing is on the wall folks. It's not left it's not right.. it's down.


The only solution I see to buy us time is Andrew Yang's UBI. We have to tax the top 20 S&P to pay for our programs, by 2024 they won't have enough equity to tax.
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Old Yesterday, 01:50 PM
 
2,018 posts, read 510,367 times
Reputation: 1815
I remember the same type of denial before the 2008 crash. Not only that, but even AFTER it crashed, they were still in denial, lol.
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Old Yesterday, 01:59 PM
Status: "beware: jokes about biden are against the TOS" (set 20 days ago)
 
1,034 posts, read 192,900 times
Reputation: 639
Quote:
Originally Posted by Eli34 View Post
I remember the same type of denial before the 2008 crash. Not only that, but even AFTER it crashed, they were still in denial, lol.
sure you do. I bet you were one of those guys in the movie trying to short the housing market too amirite?
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Old Yesterday, 02:04 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,590 posts, read 14,248,743 times
Reputation: 6617
Quote:
Originally Posted by njforlife92 View Post
Trump supporters like to say that those who disagree with President Trump have "Trump Derangement Syndrome." I have been accused of having TDS on this forum because I have said that Trump's economy isn't doing well and that he uses rhetoric that I find to be inappropriate and sometimes, bigoted.

I think that some Trump supporters have what I like to call "Economic Downturn Denial Syndrome." Despite evidence to the contrary, these supporters of Trump can't accept the reality that the Trump economy is not much different than the Obama economy.

A few weeks ago, I posted about how Trump's policies have resulted in stagnant economic growth. That post on this forum can be found here: Trump's record.

In recent weeks, three interesting articles have pointed out that the Trump economy is not all that great and that we could be headed for recession:
1. https://thehill.com/policy/finance/4...omic-narrative
2. https://www.zerohedge.com/news/2019-...ptember-begins
3. https://www.washingtonexaminer.com/p...st-a-recession

Some supporters of President Trump dismiss any talk of an economic slowdown as "fake news" because some on CNN and MSNBC have started talking about the economy in recent weeks. But those of us who believe in free markets and adhere to the Austrian school of economic thinking have been skeptical of Trump's policies for a while, and evidence in recent months have pointed to a slowdown in economic growth. The sad reality is, some of President Trump's supporters refuse to accept undeniable facts and refuse to try and gain a better understanding of economics.


actually if you were honest...which apparently you are not..you would be acknowledging the following
1. 2015 (during the Obama Admin) the government stated that we would enter a recession in 2017...no matter who was in office
2. there is a global turndown going on
Quote:
Aug. 14, 2019 11:59 pm ET


Warning signs pointing to a deepening global economic slowdown—and the risk of recession—are flashing more brightly.
Many of the biggest troubles are showing up overseas. But stock and bond markets are signaling that the threat of a downturn is spreading to the U.S., the world’s largest economy, now in its longest expansion on record.
Economic output in Germany, the world’s fourth-largest economy, contracted in the second quarter, according to a report Wednesday, while a report on factory output in China, the second-largest economy, came in lower than expected.


The good news is that the U.S. isn’t confronted with severe excesses to unwind, as it was in the mid-2000s with the housing boom or the late 1990s with tech-stock gains. Because of that, most economists said any downturn might be mild.


“I think that the U.S. economy has enough strength to avoid [a recession],” Janet Yellen, the former Fed chairwoman, said in a taped interview to be aired Friday on Fox Business Network’s “WSJ at Large.”








3. the current admin, and its actions have helped the USA from turning downward in this GLOBAL turndown
4. the economy will slowdown...that is inevitable

Last edited by workingclasshero; Yesterday at 02:18 PM..
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Old Yesterday, 02:11 PM
 
Location: Grosse Ile Michigan
26,796 posts, read 63,699,457 times
Reputation: 31164
Of course we are headed for recession. The only time we are not headed for recession is when we are in a recession. That is how the cycle works.
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Old Yesterday, 02:17 PM
 
Location: New Jersey
11,337 posts, read 6,629,300 times
Reputation: 10897
Quote:
Originally Posted by Coldjensens View Post
Of course we are headed for recession. The only time we are not headed for recession is when we are in a recession. That is how the cycle works.
Basically like saying “We’re headed for another hurricane!” Well, yeah. Eventually.
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Old Yesterday, 02:19 PM
 
Location: Columbia, SC
18,578 posts, read 10,322,001 times
Reputation: 7261
Quote:
Originally Posted by engineman View Post
IF it happens, it will have been manufactured by the left.
Interesting theory. Can you explain some of the mechanics and dynamics of how that would be possible considering the current power structure in Washington?
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Old Yesterday, 02:20 PM
 
715 posts, read 177,024 times
Reputation: 1308
Obama was the first potus to never have one year of 3% gdp and he had 8 chances. Surely you hypocrites made a fuss about that.
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