The Next GREAT RECESSION is coming... (bank, currencies, stock, inflation)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I just saw that the current runup in stock prices is the largest post-election advance in the market since Herbert Hoover was elected in 1928. We all know how that one worked out.
Mysticals believe that Republicans are "good for business," but there hasn't been an economically successful Republican administration in more than a hundred years.
Mysticals believe that Republicans are "good for business," but there hasn't been an economically successful Republican administration in more than a hundred years.
Eisenhower presided over three recessions in eight years. That's the worst performance ever. Reagan began by provoking the worst economic collapse since the Great Depression and followed that up with a worse stock market crash than the one in 1929.
Nine of the ten recessions that have occurred since 1950 have come under Republicans, and the other one was the mildest and shortest one of the bunch. Republicans have been terrible stewards of the economy for longer than anyone can remember.
Eisenhower presided over three recessions in eight years. That's the worst performance ever. Reagan began by provoking the worst economic collapse since the Great Depression and followed that up with a worse stock market crash than the one in 1929.
Nine of the ten recessions that have occurred since 1950 have come under Republicans, and the other one was the mildest and shortest one of the bunch. Republicans have been terrible stewards of the economy for longer than anyone can remember.
This is reality, I don't think they hear you though...
Reagan was also responsible for the continuing ghettofication of the United States, by dumping thousands of mentally unstable, and handicapped Americans on the streets, and then flooding those same neighborhoods with Cocaine. Trap Lord Ronald and Trap Queen Nancy, the beginning of the end.
How can anyone not see what is really happening. The country right now has for the first time in years, becoming optimistic of the future. Companies since Trump won the election, have announced they are keeping jobs in the U.S., and will be expanding hiring again, and life will pick up for Americans.
And here the OP thinks a great recession is coming, while those in the know about what it takes to make jobs boom again, for home building to come back, and think the country is going to start prospering again. All due to getting a business friendly president back running the country, instead of making so many tax increases and business destroying regulations that business had almost given up on the country.
Well, that's the FOX News version of things. It's basically just poor serfs and peasants being encouraged to put their faith in the Sheriff of Nottingham though.
Stock markets are irrelevant to the economy. It's a little club that has isolated itself from reality and no longer has anything to do with business activity. They pretend they are about business, but they are not.
The unemployment rate is great, but even more relevant is that personal income grew 9% betw. 3q 2015 and 3q 2016. It's one of the critical metrics that will let the Fed start raising interest rates.
Recessions are initiated by trigger events. The trick is identifying the trigger before the avalanche starts. We haven't had a recession triggered by currency instability in 35 years, so that's something to keep an eye on. If the Rs manage to deregulate everything, that is going to wreck the economy, so that is something to keep an eye on. Disruptions in international trade due to politics or war is another red flag. Just keep your eyes open.
Deregulation is a necessity. Things will be far WORSE down the line if we don't.
This is news to me.. we keep getting worse and worse. I am surprised more people ARENT out of work right now. Whos living in such a world where everything is peachy? I SURE AM NOT! In fact I'll go so far as to say it was better in 08 than now before we knew what we were in for with Obama.
Are this many people that asleep? That asleep to think everything is good now??? WHAT??
It's far worse than even what Obama did, which was bad enough. The government and the Fed are keeping rates too low. Eventually, the currency is going to be worthless. We CAN break out of this mess, but the moment we do so, the market will correct itself, likely leading to a natural collapse worse than the Great Depression, which few politicians seem to possibly want to risk being blamed for.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
