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I don't trust Blackrock AT ALL, and think they are a force for destruction.
Don't know exactly what their motives are for trying to scare us all to death with this ridiculous prophecy, but I wish they'd just fall off a cliff.
They are making it nearly impossible for young couples to participate in the American dream in Dallas, and other cities, by buying up all the properties for rent houses.
Pound sand, Blackrock.
They are trying to influence markets so they can make money on the commotion. I'd like to see how many stocks, bonds, currencies, etc they have shorted in the last few days.
It's coming. I don't know how bad it will be but I know that it's coming.
Blackrock predicts it will be bad.
Blackrock has a lot of pull, but I wouldn't trust any one source. Sure, everyone is laying off white collar staff at tech firms and financial services, but the consumer economy is chugging along pretty nice considering the retail price hikes.
As long as there are enough lower-to-middle income jobs to keep people buying new TVs, fast food, Iphones, nicotine, etc., I'm thinking we can bounce back from a wave of Wall Street / Silicon Valley layoffs.
If that starts to change drastically? Watch out below.
Snip "Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," the team wrote In their 2023 Global Outlook (embedded below), which says that the global economy has already exited a four-decade period of stable growth and inflation, and has now entered a period of heightened instability.
And when things get bad, "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead."
"What worked in the past won't work now," said the strategists. "The old playbook of simply 'buying the dip' doesn't apply in this regime of sharper trade-offs and greater macro volatility. We don't see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade."
So what can actually tame inflation? A deep recession, according to the report "
Predictions are tough.
All current information would point to a deep recession. However, economies and markets have a habit of making fools of those who try to predict their trends.
Prove it. I'm with you in concept, but prove that we are past the peak in the sense that you're talking about.
Also, again, our rulers are deliberately suppressing the use of natural gas and coal with the intent to wreck the economy and impoverish the public, which just makes things worse, faster.
Sometimes I think wrecking the economy and throwing people into a panic, is the goal of the Democrats. So many people in government would love to have desperate Americans beg them to take the reins of power and save them from their desperate plight. "We're from the government and we're here to help." Oh, and they are also the very people who created the desperate situations needing "help" that the people find themselves in.
Sometimes I think wrecking the economy and throwing people into a panic, is the goal of the Democrats. So many people in government would love to have desperate Americans beg them to take the reins of power and save them from their desperate plight. "We're from the government and we're here to help." Oh, and they are also the very people who created the desperate situations needing "help" that the people find themselves in.
A bad economy is not the easiest path towards winning elections.
I don't trust Blackrock AT ALL, and think they are a force for destruction.
Don't know exactly what their motives are for trying to scare us all to death with this ridiculous prophecy, but I wish they'd just fall off a cliff.
They are making it nearly impossible for young couples to participate in the American dream in Dallas, and other cities, by buying up all the properties for rent houses.
We have to unwind 21 years of low interest rate policy. This is a highly enlightening chart of the Federal Funds Rate going back to the 50's and you can see the double whammy of interest rates coming down as the tech bubble burst in March, 2000 and then 9/11. They tried to normalize rates again and then the great recession happened and put rates to historic lows. They tried again to bring rates up off the floor and then Covid happened. The rate needs to be around 5-6% and get people acclimated to it and take some long needed medicine. Will that happen? Probably not.
A bad economy is not the easiest path towards winning elections.
Maybe so, maybe not. A crisis always offers and opportunity for the megalomaniacs to get things done they would not otherwise be able to do. When people are frightened, worried, insecure, and grasping at straws to save them from drowning, they might vote for people or policies they would never agree to if they did not feel like there was a crisis.
We see politicians using fear to goad people into voting for them, or to get their support of some new legislation that will control the population. This is why every two years, we see despicable politicians scaring the elderly by claiming their opponent is going to "take away your social security," or your or welfare, or school lunches so school children will go hungry. The self-serving politicians always go after the already fragile sectors of our population, to frighten people into voting for them and their policies, out of fear and desperation.
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