Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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 "
The yeild curve inversion is really steep. The steepest since the Reagan recession, which was the worst recession since WWII.
I think it really depends on the Fed's backbone to keep rates high in the face of a bad recession. I am not optimistic. The Fed could slam the funds rate back to 1% or less if they get too much heat from politicians and Wall Street. The only way this is a bad recession is if Powell has the stones to stay the course. I am not optimistic.
"The Everything Bubble" (Central Bank Bubble), will burst. It cannot be stopped.
People buying million dollar homes today at the very end of free money and cheap endless credit will feel the pain, and those that lose their jobs trying to pay for those mortgages as well.
I needs to be done in 2023 so there can be recovery during the 2024 election cycle.
But they can't control everything... and everything will not go according to their plan.
What's interesting - they don't seem to be upset at all...
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.
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.
This is all manufactured on a global basis.
We gave money to people to not work, and not produce - and we locked down the economy for numerous months.
Total BS - but if it's on God's calendar, it will happen - and it will be a harsh judgment.
Quote:
Originally Posted by ntwrkguy1
Wait a minute. You expect me to believe Blackrock Financial when it comes to a recession?
Because the 'Blackrock' that is Karine Jean-Pierre said "the economy is in GREAT shape!"
Both of them can't be right, can they?
It's not just BlackRock... but it is all of the "too big to fail" entities.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
