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  1. #1
    Decent college freshman Ben Simmons 25's Avatar
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    Default Recession coming?

    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...

  2. #2
    NBA Superstar eliteballer's Avatar
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    Default Re: Recession coming?

    https://www.cnbc.com/2018/12/20/trea...wtr_Fgsx6tYA9Y

    https://www.cnbc.com/2018/12/21/moha...HLc3LbZfSWgBb8

    https://www.cnbc.com/2018/12/20/wors...4tsIVX0rRNxi8w

    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.

  3. #3
    NBA Legend
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    Default Re: Recession coming?

    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?




  4. #4
    Decent college freshman Ben Simmons 25's Avatar
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    Default Re: Recession coming?

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

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

  5. #5
    NBA lottery pick jongib369's Avatar
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    Default Re: Recession coming?

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

  6. #6
    NBA All-star
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    Default Re: Recession coming?

    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

  7. #7
    One of the Goodfellas NBAplayoffs2001's Avatar
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    Default Re: Recession coming?

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

  8. #8
    Decent college freshman Ben Simmons 25's Avatar
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    Default Re: Recession coming?

    Anddddd the chatter continues to build.

  9. #9
    NBA lottery pick Overdrive's Avatar
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    Default Re: Recession coming?

    Quote Originally Posted by eliteballer
    There could be a recession coming, but it's not certain.
    It's certain, date and severity is uncertain.

  10. #10
    3-time NBA All-Star Lakers Legend#32's Avatar
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    Default Re: Recession coming?

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

  11. #11
    Decent college freshman Ben Simmons 25's Avatar
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    Default Re: Recession coming?

    Quote Originally Posted by Lakers Legend#32
    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.

  12. #12
    NBA lottery pick SomeBlackDude's Avatar
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    Default Re: Recession coming?

    Quote Originally Posted by Lakers Legend #32
    Give the lockdown another month and we will be in a recession.
    Trump Built This.
    Quote Originally Posted by Ben Simmons 25
    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


  13. #13
    Le11th superduper's Avatar
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    Default Re: Recession coming?

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

  14. #14
    NBA lottery pick Long Duck Dong's Avatar
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    Default Re: Recession coming?

    Quote Originally Posted by superduper
    **** 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.

  15. #15
    wet brain highwhey's Avatar
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    Default Re: Recession coming?

    Quote Originally Posted by Long Duck Dong
    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?

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