The Next Recession Is Going to Be Brutal. The economy is showing signs of turning ...

Discussion in 'Economy' started by Blaine Sweeter, Aug 14, 2019.

  1. Blaine Sweeter
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    Blaine Sweeter Senior Member

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    Trump's recession is gearing up.

    U.S. Stocks Drop as Treasurys Flash Warning Signal

    "Trade tensions between the U.S. and China, uncertainty about the Federal Reserve’s interest-rate policy and signs of slowing economic growth have spurred weeks of turbulence that have rippled through the stock, bond and currency markets. In the Treasury market, the yield on the U.S. 30-year Treasury note touched 2.018%, below the previous intraday low of 2.094% in July 2016, according to Tradeweb.

    Meanwhile, yields on the 10-year Treasury note briefly fell below two-year yields for the first time since 2007. This kind of inversion between short and long-term yields is viewed by many as a strong signal that a recession is likely in the future.""

    The federal government has broken yet another record for how much money it's spending
    "The federal government has spent more real money in the first seven months of this fiscal year than any other year in U.S. history, according to the latest monthly statement by the Department of Treasury. The previous record was set in 2011, when the U.S. was recuperating from the Great Recession."

    Mark this up as another failure of Trump's, so many now.
     
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  2. Brain357
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    Brain357 Platinum Member

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    But he got rid of regulation and handed out huge tax cuts to corporations and increased deficits drastically...
     
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  3. Anathema
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    Anathema Crotchety Olde Man

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    Okay. So what? Who cares?

    If you’re suggesting that an economic downturn would have negative influence on Trump’s ability to get re-elected in 2020, I don’t think you understand the motives or interests of most people who support him.
     
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  4. BrokeLoser
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    BrokeLoser Gold Member

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    Isn’t it the Kenyans economy though?
     
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  5. Tijn Von Ingersleben
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    Tijn Von Ingersleben Gold Member

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    China's response to the US trade 'effort' was to further devalue the Yuan. Their intention is to push us into a recession.

    Xi Jinping alluded to a "New Long March" during a speech in May. The double meaning was in essence preparing the Chinese people for an impending recession.

    Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon

    If the economy does go into recession...does not bode well for Trump

    Trump has been calling for and probably receiving quantitative easing via the Fed...for some months now.

    Trump Calls for New Quantitative Easing to Prop Up U.S. Economy
     
  6. Siete
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    Siete Platinum Member

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    WHAT MOTIVES AND INTERESTS?

    35 % of the idiots supporting the old fat derelict could care less wtf he does or who he does it to.

    motives and interests - good one.

    :auiqs.jpg:
     
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  7. Brain357
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    Brain357 Platinum Member

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    If we go into recession we are in big trouble. We are already spending like we are in a recession. Interest rates are very low. We already did a huge tax handout. Not any options to get out.
     
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  8. TheGreatSatan
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    TheGreatSatan Gold Member

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    I notice a lot of Democrats are praying for pain for Americans and even rooting for china.

    The fundamentals of the economy are strong. Don't bet against Americans.
     
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  9. The Original Tree
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    The Original Tree Gold Member

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  10. The VOR
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    The VOR Gold Member

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    That 35% has to be waaaaaaaaaaaaaaaaaaaaaay low. I'm betting 99% of his "base" will vote for him again under any circumstance.
     
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