Recession coming?

[Ben Simmons 25]

https://www.youtube.com/watch?v=3nR2lQUT-ok

Peter Schiff has always been alarmist shouting from the rooftops, but he's a sharp guy and has a better understanding of sound money and monetary policy than 99.9% of people walking around...

Says a recession is coming as early as 2019 and that we're going to get a socialist in 2020 as President...

Says this is just a continuation of the 2008 recession, and I think he's right. This is something that started with Bill Clinton that was exacerbated by George Bush... the federal reserve moved desperately to "correct" it and they were "able to" for many years, but the chickens have come to roost, fellas...

Trump will get blamed, even though it's not his fault nor is it Obama's...

[eliteballer]

https://www.cnbc.com/2018/12/20/treasury-secretary-mnuchin-says-market-reaction-to-rate-hike-overblown.html?fbclid=IwAR3NncqnknI1zeneooJSxEnAeM bxvwVcTuBQxUo50QqbWwtr_Fgsx6tYA9Y

https://www.cnbc.com/2018/12/21/mohamed-el-erian-stunned-by-recession-talk-warns-of-self-fulfilling-prophecy.html?fbclid=IwAR3g93d_qFqXIZZuip8_jEKXRj-fbuo-iJxBU1s9CqTd3HLc3LbZfSWgBb8

https://www.cnbc.com/2018/12/20/worst-is-yet-to-come-for-stock-sell-off-as-nasdaq-dips-into-bear-market-territory---strategists-.html?__source=facebook%7Cmain&fbclid=IwAR3BGizwtO57s6YDf7TnGNHFQf_SxJssjQUSNUdjb mq934tsIVX0rRNxi8w

None of these guys can predict the market. You always have very divergent opinions coming from all these financial analysts and economists, because at the end of the day none of them can predict with any sort of accuracy.

There could be a recession coming, but it's not certain.

[Akrazotile]

Of course there's going to be a recession coming again at some point. They're part of the natural economic cycle.

The question is, to what extent does man cause global recession?



https://ih1.redbubble.net/image.329469694.0106/flat,550x550,075,f.u1.jpg

[Ben Simmons 25]

I'll take Ron Paul's word on the matter over any of the aforementioned including Schiff...

https://youtu.be/0IlQnKIXhfI?t=59

[jongib369]

I ****ing hope not otherwise my inheritance is going to take a pounding :lol

[GimmeThat]

4th quarter revenues probably wasn't as expected in the traditional sense based on holiday sales

But I expect the 'talk' between children and parents on how they intend to manage their excess of cash to occur somewhere between the 1st quarter, when the European counter parts report similar performance based on rising credit debt and lag in human resources

[NBAplayoffs2001]

I'm really hoping not since I'm contemplating a career change.

[Ben Simmons 25]

Anddddd the chatter continues to build.

[Overdrive]

There could be a recession coming, but it's not certain.

It's certain, date and severity is uncertain.

[Lakers Legend#32]

Give the lockdown another month and we will be in a recession.
Trump Built This.

[Ben Simmons 25]

Give the lockdown another month and we will be in a recession.
Trump Built This.

As it pertains to the economy, you are completely asleep.

[SomeBlackDude]

Give the lockdown another month and we will be in a recession.
Trump Built This.


As it pertains to the economy, you are completely asleep.

lakers legend- 1
ben simmons- 0

White House Says U.S. Could See Zero Growth This Quarter With Shutdown (https://www.bloomberg.com/news/articles/2019-01-23/white-house-says-zero-growth-possible-this-quarter-with-shutdown?srnd=new-economy-forum)

https://media.giphy.com/media/26n6ziTEeDDbowBkQ/giphy.gif

[superduper]

**** man, I'm tryna buy a house in a couple of years.

[Long Duck Dong]

**** man, I'm tryna buy a house in a couple of years.

If your job is fairly secure or you have a skill or education that you are good enough at to be in demand, then you want a recession. I bought a rental right smack in the middle of the last recession. It's worth twice as much now. Should have bought another....maybe the next time around.

[highwhey]

If your job is fairly secure or you have a skill or education that you are good enough at to be in demand, then you want a recession. I bought a rental right smack in the middle of the last recession. It's worth twice as much now. Should have bought another....maybe the next time around.
exhibit A: trump supporter making excuses why a recession is a good thing

but i thought trump was going to take us to new economic heights? :rolleyes:

[macmac]

Personally, I

[AirBonner]

I'm on the recession wagon as well :cheers: looking to invest in some property once the bubble bursts. Couple condo's in the city to rent out for the extra cash flow :rockon:

[andgar923]

Trump doesn't care about a recession.
He only cares about how it'll make him look.

He doesn't care about federal employees not getting paid.
He doesn't care about thousands of children being taken away from parents at the border.
He doesn't care about natural disaster victims.

He only cares about himself.

[Akrazotile]

Trump doesn't care about a recession.
He only cares about how it'll make him look.

He doesn't care about federal employees not getting paid.
He doesn't care about thousands of children being taken away from parents at the border.
He doesn't care about natural disaster victims.

He only cares about himself.


You dont care about any of that either.

You only care about how it makes Trump look.

[andgar923]

You dont care about any of that either.

You only care about how it makes Trump look.
:lol

[Real Men Wear Green]

https://www.youtube.com/watch?v=3nR2lQUT-ok

Peter Schiff has always been alarmist shouting from the rooftops, but he's a sharp guy and has a better understanding of sound money and monetary policy than 99.9% of people walking around...

Says a recession is coming as early as 2019 and that we're going to get a socialist in 2020 as President...

Says this is just a continuation of the 2008 recession, and I think he's right. This is something that started with Bill Clinton that was exacerbated by George Bush... the federal reserve moved desperately to "correct" it and they were "able to" for many years, but the chickens have come to roost, fellas...

Trump will get blamed, even though it's not his fault nor is it Obama's...President can get too much credit or blame but we have a guy that raised prices on numerous goods with tariffs and caused numerous American businesses harm via the trade war retaliations of various nations. And now he is directly responsible for sending 800,000 people that would otherwise be gainfully employed to the food bank. People that depend on them will be struggling with them and as they cut corners businesses that depend on their patronage will also be effected. Everything is not his fault but quite a bit is.

And that's just the basic stuff a layperson like myself can see, the trickle down effects are not being accounted for.

So, yes... Orange Man bad.

[andgar923]

President can get too much credit or blame but we have a guy that raised prices on numerous goods with tariffs and caused numerous American businesses harm via the trade war retaliations of various nations. And now he is directly responsible for sending 800,000 people that would otherwise be gainfully employed to the food bank. People that depend on them will be struggling with them and as they cut corners businesses that depend on their patronage will also be effected. Everything is not his fault but quite a bit is.

And that's just the basic stuff a layperson like myself can see, the trickle down effects are not being accounted for.

So, yes... Orange Man bad.

That's a huge understatement.

There are services and shit that is being affected by the shutdown that most don't realize that are critical to our safety and our operations as a whole.

Non-federal employees are affected by the shutdown as a result.

Some feel that the shutdown isn't over a wall, but for a more sinister reason orchestrated to handicap our judicial system and essential services. There are stories of intelligence services unable to do their job effectively as resources are diminished.

Putin is behind this.

He is dismantling our country and gutting it from the inside via Trump.

Go ahead MAGAs come for me.

[nathanjizzle]

Trump will get blamed,

trump has practically reversed every regulation that Obama put in place to support and further prevent manufactured recessions like the one in 2008. The severity of an upcoming recession would be trumps fault, a recession it self wouldn't be his fault, but the severity of it.

[TheMan]

exhibit A: trump supporter making excuses why a recession is a good thing

but i thought trump was going to take us to new economic heights? :rolleyes:
Regardless of the fact that he's a Trumpie, he's right.

If you have extra money laying around or a secure job, you buy up property when recessions hit...thats how a lit of rich folk get even richer.

[rufuspaul]

Recessions are cyclical. They're gonna come no matter who is in the White House.

[SomeBlackDude]

Recessions are cyclical. They're gonna come no matter who is in the White House.

[QUOTE][B]

[tpols]

Recessions are cyclical. They're gonna come no matter who is in the White House.


Yea they're cyclical... Everytime a Republican president is elected everything goes to shit. :lol


And I llike trump now, but his party's management of this country is all time bad. They cut revenue, regulate nothing, and ultimately do nothing. Companies commit fraud, bubble bursts, and all the rich people get richer buying everything for cheap while 80% of folks lose everything. Great cycle.


Look at the wolves in this thread already salivating at the opportunity to make cheap gains. They revel and dance in the destruction.

[Canelo_Griffin]

As someone with a job that's as "recession-proof" as it gets, I (selfishly) jizz myself just thinking about a recession if it means i can afford a nice house in SoCal.

[rufuspaul]

Yea they're cyclical... Everytime a Republican president is elected everything goes to shit. :lol


And I llike trump now, but his party's management of this country is all time bad. They cut revenue, regulate nothing, and ultimately do nothing. Companies commit fraud, bubble bursts, and all the rich people get richer buying everything for cheap while 80% of folks lose everything. Great cycle.


Look at the wolves in this thread already salivating at the opportunity to make cheap gains. They revel and dance in the destruction.


So 80% of people are losers. Yeah I tend to agree with that. Sucks for them.

[Akrazotile]

President can get too much credit or blame but we have a guy that raised prices on numerous goods with tariffs and caused numerous American businesses harm via the trade war retaliations of various nations. And now he is directly responsible for sending 800,000 people that would otherwise be gainfully employed to the food bank. People that depend on them will be struggling with them and as they cut corners businesses that depend on their patronage will also be effected. Everything is not his fault but quite a bit is.

And that's just the basic stuff a layperson like myself can see, the trickle down effects are not being accounted for.

So, yes... Orange Man bad.


Trump is trying to improve our trade position globally. There is pushback from other countries who dont give a shit, and therefore a

[Akrazotile]

So 80% of people are losers. Yeah I tend to agree with that. Sucks for them.


Ordinary citizens have unprecedented power and freedom in this country, and most of them dont do JACK SHIT with it. They believe what the media tells them and go where the corporations lead them. And then they wonder why they end up in the lion’s den. When they chose to walk directly into it. People in other countries literally swim oceans and cross deserts to get here so they can make their own choices and not be dictated by the government. And then wadda ya know, they or their kids usually get somewhere in life. And Im pretty sure that’s happened under both parties in the white house.

Meanwhile too many “joe sixpacks” dont educate themselves and dont have goals, and they get nothing. And tpols blames the gop.

I mean you cant reach dudes like this. He has a mental block on reality. He just cant accept it.

[tpols]

[QUOTE=Akrazotile]Ordinary citizens have unprecedented power and freedom in this country, and most of them dont do JACK SHIT with it. They believe what the media tells them and go where the corporations lead them. And then they wonder why they end up in the lion

[Akrazotile]

That's a huge understatement.

There are services and shit that is being affected by the shutdown that most don't realize that are critical to our safety and our operations as a whole.

Non-federal employees are affected by the shutdown as a result.

Some feel that the shutdown isn't over a wall, but for a more sinister reason orchestrated to handicap our judicial system and essential services. There are stories of intelligence services unable to do their job effectively as resources are diminished.

Putin is behind this.

He is dismantling our country and gutting it from the inside via Trump.

Go ahead MAGAs come for me.


Youre ACTUALLY deranged. And thats the problem with echo chambers. The deranged tend to congregate in them and drive each other toward deeper derangent. It

[Akrazotile]

Even if everybody suddenly became super motivated its impossible for everyone to rise to the top. Everybody can't be a manager or an exec because by definition of the position you need people below you.

Its great advice for an individual...changes nothing for society.


You dont need rare abilities to save money instead of waste it.

Nor to grasp the simple concept of labor supply and demand, and oppose widespread immigration.

Nor to raise kids in a two-parent home.

Nor to study basic history, economics, and government concepts to prevent yourself from being exploited.


Studies show over and over that among people doing the RIGHT things on a basic level: Employment, education (even basic) saving, no substance abuse, two parent family... virtually none of them are struggling.

Of course it will never be perfectly equal. But we have enough resources in America that people can survive comfortably if they prioritize it. Most of the country pisses their time away. That’s a fact.

Give me an EXAMPLE of a typical family that is struggling, and tell me why. And please use non-anomolous examples. Dont tell me their house burned down in a fire.

Tell me the typical plight of people doing the right things, but still struggling. Paint a pitcher for me bro.

[tpols]

[QUOTE=Akrazotile]You dont need rare abilities to save money instead of waste it.

Nor to grasp the simple concept of labor supply and demand, and oppose widespread immigration.

Nor to raise kids in a two-parent home.

Nor to study basic history, economics, and government concepts to prevent yourself from being exploited.


Studies show over and over that among people doing the RIGHT things on a basic level: Employment, education (even basic) saving, no substance abuse, two parent family... virtually none of them are struggling.

Of course it will never be perfectly equal. But we have enough resources in America that people can survive comfortably if they prioritize it. Most of the country pisses their time away. That

[bladefd]

[QUOTE=Akrazotile]Youre ACTUALLY deranged. And thats the problem with echo chambers. The deranged tend to congregate in them and drive each other toward deeper derangent. It

[Real Men Wear Green]

[QUOTE=Akrazotile]Trump is trying to improve our trade position globally. There is pushback from other countries who dont give a shit, and therefore a

[Akrazotile]

I don't know why you reply to people without addressing any of the points they raise. That's why you don't matter, in case you didn't know.


You LITERALLY typed

[Real Men Wear Green]

[QUOTE=Akrazotile]You LITERALLY typed

[Akrazotile]

Plenty of people struggled 10 years ago that were doing the right thing. Anybody that lost a nice job between 60-100k , lost their pension, or even blue collar guys that got laid off. I knew a guy named bill who owned a small printing company that he totally lost in 09 and had to become an assistant manager at a ruby Tuesday to pay bills I guess. He was a put together man in his 50s. Just doesn't seem right that 90% of people take the shaft in these recessions but rich people get to double up. Somethings wrong here.


Well hopefully he did save some money before hitting hard times. Just going by national statistics theres like a 50% chance he didnt.

What kind of stuff did he buy when he hd a job? I think you dont appreciate who makes rich people rich. It

[bladefd]

Plenty of people struggled 10 years ago that were doing the right thing. Anybody that lost a nice job between 60-100k , lost their pension, or even blue collar guys that got laid off. I knew a guy named bill who owned a small printing company that he totally lost in 09 and had to become an assistant manager at a ruby Tuesday to pay bills I guess. He was a put together man in his 50s. Just doesn't seem right that 90% of people take the shaft in these recessions but rich people get to double up. Somethings wrong here.

It's unfortunate, but the laws in this country are created by the rich for the rich. And it's been that way for decades. It wasn't always that way - there was a time when wealth was distributed in a reasonable manner. Of course the rich had more money than the average, but it wasn't as lopsided as it is today. It's become completely outrageous last 50-60 years where (https://www.washingtonpost.com/news/wonk/wp/2017/12/06/the-richest-1-percent-now-owns-more-of-the-countrys-wealth-than-at-any-time-in-the-past-50-years/?noredirect=on&utm_term=.2ad11514b428) top 1% of the US has as much wealth as bottom 90% of the country combined. More than half the country is forced to live paycheck to paycheck - miss one paycheck and you have to either go to food banks or take a desperate loan.

Here's a good breakdown. Lets assume one pie box (representing total American wealth) has total of 100 slices

https://www.washingtonpost.com/resizer/UaID7BGc-jcfJ2RI0czVsRFDggQ=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/AZAQUKMCYQYXZHNWJV7HGEEB64.pnghttps://www.washingtonpost.com/resizer/huG39VeV2ePbywcOXPrsL3Dp-YM=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/JYNZ746C5A2LDKMWWGECCTG5DA.png

Break it down further??

https://www.washingtonpost.com/resizer/s271yQtQmQ3GrY4I577ox-2742k=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/DM46FLRJVE2VLG7SZX37GLW37Y.png

Completely lopsided.. Top 1% of the country owns the country. This is what we call runaway capitalism, where capitalism begins to fall apart. Capitalism is great when wealth is distributed in a reasonable manner. When 1% of country has more wealth than bottom 90%? Ouch, game over..

[Akrazotile]

It's quite obvious that I wrote other things, But here, have the argument that you're capable of: Orange Man bad Akrazotile dumb, probably lives off daddy.

Enjoy.


No, you didnt write other things. You wrote a long explanation of the one single, simplistic “point” you were trying to make. And it was worthless.

K dude? Youre a massive queer. Limp wristed and weak minded, we all know how you do. You have no purpose in this discussion. You will not offer anything that will illuminate anyone. Dont entice me to spend time shredding you when there are more useful things to discuss. But again, not for you, because

YOURE.

A.

DUMB.

ANIMAL.


:crazysam:

[Akrazotile]

It's unfortunate, but the laws in this country are created by the rich for the rich. And it's been that way for decades. It wasn't always that way - there was a time when wealth was distributed in a reasonable manner. Of course the rich had more money than the average, but it wasn't as lopsided as it is today. It's become completely outrageous last 50-60 years where (https://www.washingtonpost.com/news/wonk/wp/2017/12/06/the-richest-1-percent-now-owns-more-of-the-countrys-wealth-than-at-any-time-in-the-past-50-years/?noredirect=on&utm_term=.2ad11514b428) top 1% of the US has as much wealth as bottom 90% of the country combined. More than half the country is forced to live paycheck to paycheck - miss one paycheck and you have to either go to food banks or take a desperate loan.

Here's a good breakdown. Lets assume one pie box (representing total American wealth) has total of 100 slices

https://www.washingtonpost.com/resizer/UaID7BGc-jcfJ2RI0czVsRFDggQ=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/AZAQUKMCYQYXZHNWJV7HGEEB64.pnghttps://www.washingtonpost.com/resizer/huG39VeV2ePbywcOXPrsL3Dp-YM=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/JYNZ746C5A2LDKMWWGECCTG5DA.png

Break it down further??

https://www.washingtonpost.com/resizer/s271yQtQmQ3GrY4I577ox-2742k=/480x0/arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/DM46FLRJVE2VLG7SZX37GLW37Y.png

Completely lopsided.. Top 1% of the country owns the country. This is what we call runaway capitalism, where capitalism begins to fall apart. Capitalism is great when wealth is distributed in a reasonable manner. When 1% of country has more wealth than bottom 90%? Ouch, game over..



Okay.

Well, keep complaining about it and doing nothing.

Let

[TheMan]

RMWG, do us a favor and ban that doofus already

[Akrazotile]

RMWG, do us a favor and ban that doofus already


Another average turd who gets angered when someone has the audacity to poke holes in the delusions he’s predicated his entire impotent life on.

This is why they hated Socrates.


So it goes...

[bladefd]

[QUOTE=Akrazotile]Another average turd who gets angered when someone has the audacity to poke holes in the delusions he

[TheMan]

Another average turd who gets angered when someone has the audacity to poke holes in the delusions he’s predicated his entire impotent life on.

This is why they hated Socrates.


So it goes...
I'm not gonna waste my time trading insults with you but I suggest more self awareness my dude...

You are no one to criticize anyone here, you are nowhere near as clever as you think you are and exactly what have you accomplished with your life that gives you the right to berate anyone here? Get the fukk outta here, bro.

YOU are the very thing you always bitch about, just look at your post count, and your current account is just one of many you've had here.

You have done NOTHING with your life other than being that long winded annoying douche on ISH.

[Akrazotile]

Touching a nerve with all the usual clowns I see :lol


Dey hate me cause I spits da real :dancin

[Hawker]

Plenty of people struggled 10 years ago that were doing the right thing. Anybody that lost a nice job between 60-100k , lost their pension, or even blue collar guys that got laid off. I knew a guy named bill who owned a small printing company that he totally lost in 09 and had to become an assistant manager at a ruby Tuesday to pay bills I guess. He was a put together man in his 50s. Just doesn't seem right that 90% of people take the shaft in these recessions but rich people get to double up. Somethings wrong here.
Blame the fed for creating the boom/bust cycles in the first place. Has nothing to do with lack of regulations - low interest rates, cheap credit is what drives malinvestment which is what creates the bubble.

I agree with you that it’s ****ed. We’re not assholes for taking advantage of the game. You can admit it’s screwed up and take
advantage of it.

Also, there’s more incentive to screw up when you know you’ll just get bailed out anyway. Thanks government intervention!

[diamenz]

Touching a nerve with all the usual clowns I see :lol


Dey hate me cause I spits da real :dancin

nah, you're just the resident insidehoops jackass. ho hum.

[Norcaliblunt]

I read this as