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Old 12-22-2019, 08:22 PM
 
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Of course, we had the worst economic depression since the great one. Unemployment stayed above 9% for longer than anytime since the 1940s.
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Old 12-23-2019, 04:00 AM
 
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many indicators were 5 or 6 years in before they showed what they typically show 2-3 years after a recession so the entire recovery was really delayed , from being so bad. so it is no surprise the cycle got stretched out .
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Old 12-23-2019, 08:20 AM
 
Location: Kalamalka Lake, B.C.
3,062 posts, read 4,144,938 times
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Default claimed credit

Quote:
Originally Posted by mathjak107 View Post
many indicators were 5 or 6 years in before they showed what they typically show 2-3 years after a recession so the entire recovery was really delayed , from being so bad. so it is no surprise the cycle got stretched out .
the economic lag is no surprise; and of course, youknowwho "claims credit" for a process that started years before he became supreme USA leader. Meanwhile, I don't see wages or job creation doing well, unless you just work twelve hours a day for chump change.
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Old 12-23-2019, 09:15 AM
 
7,620 posts, read 4,223,201 times
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Quote:
Originally Posted by the tiger View Post
Wow! Something different about the economy that I didn't know.
https://www.cnbc.com/2019/12/19/us-e...time-ever.html
Depends on how a person defines recession, I think.

If that's true, it's because this decade started IN RECOVERY from the Great Recession. One could say we were still in the tail end of the Great Recession, altho we were in recovery, and it may have ended in 2009.
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Old 12-23-2019, 12:38 PM
 
858 posts, read 518,795 times
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The real truth is that our economy has been dead since 2001 and we have been stealing and spending money from the future, from our kids and grandkids to FAKE or SIMULATE economic growth.
The BEAR MARKET started correctly, with a crash in 2001, and then a crash in 2008-9. Then the FED stole trillions from the future and began engineering reality in a way never even expected. We needed to eject massive amounts of debt from 2001-2019, the deflation cycle, and we did not -- so now the FED has painted itself into the corner. Deflation is a necessary economic cycle that can’t be defeated, avoided or ignored. It has to be indured.

The FED created the biggest stock market and real estate market bubble in the history of mankind with the money stolen from the future, from our kids and grandkids. Pure insanity if you ask me. But deflation is still waiting for us. The Fed only managed to postpone deflation. Are we ready for deflation now or will we create more damage for our nation, for our kids and grandkids pretending everything is cool, everything is ok? How many more Americans will we make homeless in this country with overinflated housing and rent prices?
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Old 12-23-2019, 01:25 PM
 
9,608 posts, read 4,215,898 times
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Quote:
Originally Posted by C2BP View Post
The real truth is that our economy has been dead since 2001 and we have been stealing and spending money from the future, from our kids and grandkids to FAKE or SIMULATE economic growth.
The BEAR MARKET started correctly, with a crash in 2001, and then a crash in 2008-9. Then the FED stole trillions from the future and began engineering reality in a way never even expected. We needed to eject massive amounts of debt from 2001-2019, the deflation cycle, and we did not -- so now the FED has painted itself into the corner. Deflation is a necessary economic cycle that can’t be defeated, avoided or ignored. It has to be indured.

The FED created the biggest stock market and real estate market bubble in the history of mankind with the money stolen from the future, from our kids and grandkids. Pure insanity if you ask me. But deflation is still waiting for us. The Fed only managed to postpone deflation. Are we ready for deflation now or will we create more damage for our nation, for our kids and grandkids pretending everything is cool, everything is ok? How many more Americans will we make homeless in this country with overinflated housing and rent prices?
The Fed stealing from the future?

The Fed created about $4T of new money out of thin air after the 2008 crash, and then swapped for a like amount of debt paper. All of which remains in the process of unwinding at this time.

This swap helped to lower interest rates, and tried to ignite some inflation. Which it did not do.

But how do you project this as stealing from the future? Or is this program not your point at all?
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Old 12-23-2019, 01:52 PM
 
75,658 posts, read 75,072,635 times
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Originally Posted by Hoonose View Post
The Fed stealing from the future?

The Fed created about $4T of new money out of thin air after the 2008 crash, and then swapped for a like amount of debt paper. All of which remains in the process of unwinding at this time.

This swap helped to lower interest rates, and tried to ignite some inflation. Which it did not do.

But how do you project this as stealing from the future? Or is this program not your point at all?
He has a fed vendetta....everything is the feds fault including global warming and cancer
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Old 12-23-2019, 02:05 PM
 
7,657 posts, read 3,367,239 times
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Yea because we never really ended the first one. Wages and job quality are in the crapper. "unemployment" was low during slavery as well ...
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Old 12-23-2019, 02:10 PM
Status: "願榮光歸香港" (set 17 days ago)
 
Location: in Plato's wine cave, filled with crystals.
5,350 posts, read 976,187 times
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What I always find striking is that many think of the 1950s-early 1960s as a time of US economic nirvana. But from a book by Larry Kudlow:

Quote:
Recessions were becoming rather the norm over this part of an era that we often today refer to as "postwar prosperity." The 1960-61 recession came on the heels of two that had already occurred during the ...Eisenhower administration. At the time of Kennedy's inauguration...the United States had spent twenty-seven of the previous ninety months in economic contraction... [that is,] 30 percent of the previous eight years in recession. This figure is so unusually large that it is difficult to find comparable periods in all of American history. For example, from 2000 to 2015...the economy was in recession...14 percent of the time.
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Old 12-23-2019, 02:10 PM
 
7,657 posts, read 3,367,239 times
Reputation: 4889
Quote:
Originally Posted by Hoonose View Post
The Fed stealing from the future?

The Fed created about $4T of new money out of thin air after the 2008 crash, and then swapped for a like amount of debt paper. All of which remains in the process of unwinding at this time.

This swap helped to lower interest rates, and tried to ignite some inflation. Which it did not do.

But how do you project this as stealing from the future? Or is this program not your point at all?
Its stealing from the future because asset classes have soared in price and wages are stagnant. The soaring real estate prices are due to easy access to low interest money so everyone is bidding up things they cant really afford to be bidding on in the first place.

So now instead of living at home for a few years to save up for a house working a mcjob they are going to be living at home for a decade trying to save for an ever inflating asset class on top of student loans due to the lending of money without pricing fixing the commodity they were lending for.

Now everyone is in massive debt making peanuts living at home or homeless or barely paying rent and are a hand full of pay checks away from insolvency and homelessness.

IT is completely out of hand.

Also the lay off cycle of GOOD jobs is getting shorter and shorter creating anxiety about lay offs which drives behavior like job hoping (becuase your going to get laid off anyways) might as well job hope, go back home, rinse and repeat.
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