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Old 09-04-2022, 06:14 AM
 
634 posts, read 1,156,492 times
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Take a look at the price of big german corporate bonds, same for UK. We are going to see a wave of defaults that are going to hit the US hard!

https://www.bloomberg.com/news/artic...-as-bills-soar
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Old 09-04-2022, 07:22 AM
 
11,138 posts, read 15,910,292 times
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That article is about inflation and other problems in Great Britain, which I believe, is and has been under the control of the conservative party there. In fact, their last clown conservative Prime Minister was forced to resign, and a new conservative Prime Minister is due to be appointed by the conservative party tomorrow.

But based on your posting history, I'm sure that you'll somehow blame Biden for all their problems as well.
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Old 09-04-2022, 08:43 AM
 
1,137 posts, read 1,086,321 times
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Low unemployment, wage growth, everyone in my city seems to go about life as if the world isn’t ending… kinda odd, right?
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Old 09-04-2022, 11:03 AM
 
Location: Oregon, formerly Texas
10,004 posts, read 7,144,615 times
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If only it were true. I would love to see a depression and everybody get what's coming to them.

That said, hard to imahine a recession NOT happenning in the next 2 years.
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Old 09-04-2022, 07:11 PM
 
Location: Las Vegas & San Diego
6,906 posts, read 3,296,858 times
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Quote:
Originally Posted by redguard57 View Post
If only it were true. I would love to see a depression and everybody get what's coming to them.

That said, hard to imahine a recession NOT happenning in the next 2 years.
Why would you wish economic pain on literally everybody - but those who would be hurt most is the poor.

We are already in a recession, a depression is unlikely.
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Old 09-04-2022, 07:16 PM
 
4,295 posts, read 2,733,131 times
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Quote:
Originally Posted by ddeemo View Post
Why would you wish economic pain on literally everybody - but those who would be hurt most is the poor.

We are already in a recession, a depression is unlikely.
I am not sure I agree with the first sentence. Poor people are not impacting the same as wealthier people when the economy crashes. Most do not own assets, stocks and/or pensions. Of course, they could lose their jobs, though.
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Old 09-04-2022, 08:06 PM
 
Location: Oregon, formerly Texas
10,004 posts, read 7,144,615 times
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Quote:
Originally Posted by ddeemo View Post
Why would you wish economic pain on literally everybody - but those who would be hurt most is the poor.

We are already in a recession, a depression is unlikely.
It's a strange recession with "now hiring" signs on every storefront.
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Old 09-04-2022, 08:35 PM
 
Location: Las Vegas & San Diego
6,906 posts, read 3,296,858 times
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Quote:
Originally Posted by Eeko156 View Post
I am not sure I agree with the first sentence. Poor people are not impacting the same as wealthier people when the economy crashes. Most do not own assets, stocks and/or pensions. Of course, they could lose their jobs, though.
The poor normally do much worse in downturns because of job losses, hours cut and loss of benefits. Who is hurt worse, the one whose income went to zero or the boss who cut the workers hours and let go workers to save their business. For most of the rich, investments and retirement assets going down 10% but income with little impact is much less pain than those living paycheck to paycheck with lower pay or complete job loss and no investments to cover the losses. It is well known that the poor tend to suffer more in downturns.
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Old 09-04-2022, 08:49 PM
 
Location: Las Vegas & San Diego
6,906 posts, read 3,296,858 times
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Quote:
Originally Posted by redguard57 View Post
It's a strange recession with "now hiring" signs on every storefront.
It meets the definition of recession - GDP going down for at least 2 quarters.
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Old 09-04-2022, 09:31 PM
 
17,877 posts, read 15,735,351 times
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Quote:
Originally Posted by KevinE View Post
Take a look at the price of big german corporate bonds, same for UK. We are going to see a wave of defaults that are going to hit the US hard!

https://www.bloomberg.com/news/artic...-as-bills-soar
Isnt that like reverse what happened during the Interwar Period?
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