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A Recession is declared when a country experiences negative GDP growth for two consecutive quarters, indicating that the economy is contracting rather than expanding.
Typically, a recession lasts at least six months, but no maximum length has been established.
Can we detect whether we are stepping into a recession that could become a more significant depression?
When the government uses the People's Credit Card as a socialist it means they are buying votes and giving away our country today and it's not good .It will bankrupt us to the point we will lose our way financially because we have allowed illegals over here, handouts have been the norm and working is not a priority for these coming up Generations. They are expecting something for nothing.
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 "
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's stock is already down 23% as a result of Biden's First Recession of 2022. In the second Biden Recession, the Recession that banks have been warning us about for a couple months, it could get ugly in the markets!
Why everybody thinks the Fed is going to stop hiking rates is bizarre to me. They've indicated nothing at all that would suggest they're going to halt the hiking anytime soon.
The Fed needs demand destruction to cool and correct prices that are so out of whack. RE appreciation rates over the last 5 years is unsustainable.
The Fed is out of bullets. They are between a rock and a hard place. They used to be able to trim the economy with rates. Now, it breaks something. We are just swing back and forth between boom and bust, bubble to burst. It is dangerous and ends in financial collapse.
BINGO! Outta bullets...backed themselves into a corner w/ all the overspending that I've been harping on here for yrs.
The Fed can't raise rates too high, because those rates are applied to our $31.5T of debt
Our interest payments were $339B last year They'll hit $500B before the 2024 elections. Interest on the debt is like a giant Pac Man gobbling up the rest of the federal budgets.
MASSIVE fed gov't cutbacks are needed, AND massive tax increases on ALL Americans...BOTH. Taxing just the top 40% won't be enough, & entitlements will be slashed too.
Affluent people with tangible assets, & money to invest for get high returns on elevated interest rates, will do fine. 10% bank CD's are coming, & tangible assets shields the wealthy from inflation.
The top 10% own 76% of the wealth, & the bottom ~50% have just 1% of the wealth. Class warfare will rage & it was all gov't caused....by spending Trillions we didn't have...mostly Bush, Obama, Trump, & Biden. Their legacies will become mud...they'll leave the country if they are still alive.
Conservatism rising....Rand Paul for Prez 2024. Rand Paul will become a God to the bottom 50% who will be scraping for their next meal. He'll cut the Fed & DC to the bone, which will push more cash into the private sector, but it will be a slow painful process.
A big problem that is unavoidable is demographics.
Globally we're in very big trouble. Post War Globalism is likely done - we just haven't accepted that idea yet. We'll likely enter a period of isolationism/nationalism again. Russia/Ukraine is just a symptom of the coming global collapse. China has already entered Population collapse and is going to lose an astounding number of Chinese from natural causes in the next 25 years. China has terrible soil, they can't produce crops. They import 14 million barrels of oil per day. We are now seeing US corporations starting to get out of China, the writing is on the wall there.
The US in contrast is in great shape. We're an exporter of food, we have vast amounts of fertile land to grow food (no other nation really has this like we do). We're a net exporter of energy. We have the knowledge and technology to be innovative. We have 333 million people here and we have a huge pool of people that want to move here. We have access to 3 oceans (yes the Arctic is an asset). We have the greatest reservoir of fresh water (the Great Lakes). We're surrounded by our closest trading partner, Mexico #1 and then there's Canada that can sell us some of their fossil fuels and maple syrup.
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