- Posts: 19675
- Thank you received: 55
homeagain wrote: www.bloomberg.com/news/articles/2019-07-...next-credit-downturn
last of 3Q crawling into Q4 because of irrational exuberance and an idea that the money train will NEVER end.
In mid 2007 I watched in real time the on coming train wreck.....wanted to sell the house then,
.interest rates were going down,I said we will revisit this if they continue to slide.
By Oct 2007 I told my SO ....we will NEVER get our equity out if we don't do it NOW.....house on
market in Nov...sold in 8 hours, closed on Dec.7 2007....full price offer...equity IN TACT and
then the market moved so radically everyone was STUNNED...I watched ING AND LEHMAN
go down in flames in real time.....the GREAT RECESSION was officially declared in 2008,but
financial records show DEC. 2007 WAS THE GENESIS.......
if a survivor of Lehman is laying out a warning........WHAT does that mean to you?
Rick wrote: Believe it or not I agree that the rate shouldn't be cut right now, just like it shouldn't have been cut so low for so long under Obama because it's really going to be needed as a tool if a Dem gets elected. If one of these nutters gets elected that want to make everything free for everyone the economy will crash again and our tools to fix bad policies will be very limited.
I would say that it will help to keep the US on this economic roll while some of our allies that Dems look up to have negative rates and are floundering. The very last thing Dems want is for the economy to still be doing well when we go into the 2020 election so I understand your concern for continued economic growth.
Playing chicken with CHINA.......so-o- what is the king considering now......ZERO INTEREST
RATES......cutting more this year to boost the economy. Look at the start date of this thread
MARCH Q1.....CAN YOU SAY recession in Q4.....my prediction was off by a quarter. we are so
screwed,and IF you still are drinking the kool-aid that CHINA is paying for this move,your
mental faculties are fubared.
Rick wrote:Why yes, you have LOL
homeagain wrote: SDNY is a key player,so that piece needs to fit into the calendar. JUNE/JULY is Q2/Q3 and IMPEACHMENT and a recession will be
occurring.....NOW, I have really roped myself in, haven't I???
FredHayek wrote: Germany is much closer to recession than the US, could this all be Chancellor Merkel's fault?
Just kidding, hard to beat the business cycle. Denver Post had a piece today that the White House is thinking about lowering payroll taxes to encourage people to spend more. Might work, but sometimes that just gets people to save more because they are worried about an upcoming recession and losing hours, or even their jobs.
I understand your strong desire for a recession, as it's really your worthless Dems only chance of regaining power... sad though. And as for me getting "a clue", my clues have been much more accurate than yours and your hilarious Kingaphobia. It's pretty entertaining to watch liberals suffer in their self made misery as the rest of the population moves on and continues to make the most out of an economy that has brought higher wages and less unemployment. Yes, a recession will come, but as I've said before many times, it will come when it looks like a Democrat will beat Trump.
homeagain wrote: .2020 FILL BLOWN RECESSION BECAUSE IT COMES IN INCREMENTS....GET
AUGUST 29th will be a date to watch.......