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Biden doesn't care and neither you should you, according to democrats. Recessions are good. They give us time to rest our feet and not worrying about having to pay our bills... Since we will own nothing and be happy... Or else...
Then explain to us why a new recession didn't start while Obama was president?
Then explain to us why a new recession didn't start while Obama was president?
It sure did for many of us. Especially his damn idea about STEALING our tax refund for not having health insurance!!! One of the most evil things ever seen and hurt so many people who needed that money!!
It sure did for many of us. Especially his damn idea about STEALING our tax refund for not having health insurance!!! One of the most evil things ever seen and hurt so many people who needed that money!!
It didn't concern me. I could easily afford health insurance before ObamaCare was passed. But then when I was in my 20s and didn't have a decent paying job, I felt I didn't need health insurance and did okay without it. I never had a costly illness or accident.
It didn't concern me. I could easily afford health insurance before ObamaCare was passed. But then when I was in my 20s and didn't have a decent paying job, I felt I didn't need health insurance and did okay without it. I never had a costly illness or accident.
So its all about you and not all those who suffered. You really are a democrat
Saw this story today. Considering the source, I would take it seriously...
BlackRock president warns ’entitled generation’ to ‘put their seatbelts on’ over speeding inflation
BlackRock President Rob Kapito warned that a "very entitled" generation of young people would soon have to face shortages for the first time in their lives as some goods grow scarce because of rising inflation.
“I would put on your seat belts because this is something that we haven’t seen,” said Kapito, who co-founded Blackrock, the world’s largest asset manager, along with CEO Larry Fink and retired vice president Susan Wagner.
Inflation is already at a 40-year high in the United States and it is accelerating across the globe as Russia’s war on Ukraine pushes oil prices to record highs, and COVID-19 supply chain issues exacerbate price pressures further.
Biden certainly is setting a new standard for failure.
At this point I'd say it's pretty safe to say no matter who is President next and forever forward will be better than Biden.
I never had any faith in Biden, but I honestly never thought he would be THIS bad and this bad on so many things so quickly.
I guess Obama was right about Joe.
As if he is purposely creating damage at full speed ahead.
I say that as most others would have to have this goal to destroy things this quickly.
The 5-year/30-year inversion is not the one that traditionally signals a future recession: That would be the 2-year/10-year. In fact, they've done research on that, and it's actually the spread between the 3-month and 10-year that gives the best signal for an upcoming recession. That one did indeed invert in 2019.
Right now, the spread between the 3-month and 10-year is still pretty wide. Here is a chart (you'll have to expand the sliders beneath the chart to see the full history): https://fred.stlouisfed.org/graph/?g=o42z
As I write this, the yield on the 3-month is 0.555%, and the yield on the 10-year is 2.354%, which is still quite a wide spread.
The 2 year/10 year inverted for a time last week and currently both the 5 year/10 year and 5 year/30 year are inverted. Inversions happening everywhere and probably why another company came out predicting a recession next year.
No worries though, I'm sure all those on the left will blame Republicans next year and totally forget about what is happening now to cause the recession. I will be there to remind them though.
"The yield on the 2-year Treasury yield inched marginally lower to 2.424, while the benchmark 10-year Treasury note rose about 4 basis points to 2.412%. The yield on the 5-year government bond moved 1 basis point higher to 2.56% and the 30-year Treasury bond climbed about 5 basis points to 2.473%. "
"The U.S. will tumble into a recession next year as the Federal Reserve jacks up interest rates to combat high and widening inflation, Deutsche Bank economists David Folkerts-Landau and Peter Hooper said in a report on Tuesday."
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