Foolproof recession indicator is glowing red

Discussion in 'Stock Market' started by iamwhatiseem, Aug 14, 2019.

  1. The Banker
    Offline

    The Banker Silver Member

    Joined:
    Oct 24, 2017
    Messages:
    788
    Thanks Received:
    103
    Trophy Points:
    90
    Location:
    Boston
    Ratings:
    +651
    I'm with you, I don't like both parties. Some of these dem candidates are just scary. BUT at the end of the day Bush was the worst president we ever had and he has really caused the bulk of all our problems: he inherited a Government budget surplus and caused a total financial meltdown, the mess in the Mid East, and he gave NKorea nukes by canceling to working deal.

    Now we have a wacko in the WH that has mortgaged the entire future of our country with his permanant $1.2T deficits. I think the recession is still a few years away, but when that hits were fucked, we will have $2+ T deficits and we won't be able to properly stimulate our economy. We're going to be just like Europe with negative interest rates.
     
  2. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    15,002
    Thanks Received:
    2,450
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +4,676
    More lies & denial from you covering for your party!

    There was nothing to hide until 2003! Only 2% of loans were made to barely subprime borrowers until then & less than 1% of them defaulted. Then along came Bush & the Repubtards who changed the scheme handing out down payments for mortgages to 10's of thousands of irresponsible idiots who couldn't afford the home. Bush exploded subprime lending by 700% to even higher risk idiots!
     
    • Agree Agree x 1
    Last edited: Aug 19, 2019
  3. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    55,650
    Thanks Received:
    6,780
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +31,010
    Then along came Bush & the Repubtards who changed the scheme handing out down payments for mortgages to 10's of thousands of irresponsible idiots who couldn't afford the home.

    Tens of thousands? That's hardly the difference between 2% subprime and 14% subprime.

    Your theory needs a little work.
     
  4. iamwhatiseem
    Online

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    22,996
    Thanks Received:
    4,731
    Trophy Points:
    280
    Location:
    On a hill
    Ratings:
    +14,803
    Nope.
    The entire legislative branch is hopelessly corrupt and inept.
    I don't care what party they are. They are all bought and paid globalist/corporatist.
    ALL OF THEM.
     
  5. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    15,002
    Thanks Received:
    2,450
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +4,676
    Bush's government down payments created a sudden 22,000+ annual increase in housing demand & price that got everyone drinking the Kool-Aid. Bankers & investors now saw the house as a value increasing asset backing the loan instead of focusing on the debt quality of the borrower, so they jumped into subprime lending. Bush's 2003 skyrocketing 700% increase in subprime lending it the proof! Again unsustainable Republican government market manipulation created an enormous feeding frenzy home loan bubble!
     
    Last edited: Aug 19, 2019
  6. danielpalos
    Offline

    danielpalos Diamond Member

    Joined:
    Jan 24, 2015
    Messages:
    55,588
    Thanks Received:
    1,142
    Trophy Points:
    1,855
    Location:
    Alta California, federalist.
    Ratings:
    +8,245
    We should solve simple poverty by correcting for capitalism's natural rate of unemployment on an at-will basis in our at-will employment States.
     
  7. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    55,650
    Thanks Received:
    6,780
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +31,010
    Bush's government down payments created a sudden 22,000+ annual increase in housing demand

    22,000 out of how many?
     
  8. iamwhatiseem
    Online

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    22,996
    Thanks Received:
    4,731
    Trophy Points:
    280
    Location:
    On a hill
    Ratings:
    +14,803
    There are more empty houses today that ever before.
    It is estimated there are 30% more vacant homes in America now then before 2008
     
  9. Paulie
    Offline

    Paulie Diamond Member

    Joined:
    May 19, 2007
    Messages:
    40,311
    Thanks Received:
    5,823
    Trophy Points:
    1,830
    Ratings:
    +26,631
    Still plenty large enough to affect the bond yields. And totally something I wouldn’t put past the establishment to do to try and make trump look bad enough to lose the election.
     
  10. Paulie
    Offline

    Paulie Diamond Member

    Joined:
    May 19, 2007
    Messages:
    40,311
    Thanks Received:
    5,823
    Trophy Points:
    1,830
    Ratings:
    +26,631
    I estimate there’s about 5 total that aren’t.
     

Share This Page