There is a 39% chance of a Recession occurring this year

[krichton]

There are tons of evidence just stop it...

Because you say so?

 

[BlackSand]

Because you say so?

.

You might want to check out the article Otto posted ... It talks about some waste and fraud.
And that's stuff they already knew about before Elon Musk even looked.

Are you going to pretend it doesn't exist ... Because all Elon Musk would have to do was look at their report ...
And that worked out to $10.2 billion a year ...

.​

 

[krichton]

Government jobs.... the federal government is too big and bloated and wasteful and we are in debt. to the tune of 37 trillion dollars... you can't just sit and watch it destroy America you have to make cuts...
For every government job that gets cut two more jobs will open in the private sector...
As far as jobs under Biden.... he took four years to just recoup the jibs lost from covid shutdowns... a monkey could have done that....

Bush Jr: Adds nearly 12 trillion and left the economy in shambles with the Great Recession, stock market crash and war in Iraq, after Clinton gave us a surplus, a balanced budget and a booming economy

Trump: Adds 8.4 trillion in just a mere 4 years with no wars.

These 2 idiots added 20 trillion to the deficit just on their own. The problem is their presidencies continue to add even more debt to the deficit even after they leave office because of their poor decisions and then it's incumbent on democrats who win office to fix it. Why aren't right wingers and conservatives up in arms about these two fools whenever you talk about the deficit?

 

[krichton]

There was never tax cuts for the rich... there are tax cuts for businesses and workers the wealthy don't pay taxes because they don't have incomes.... Job creators will get their taxes cut so they can invest and create more jobs and opportunity... Biden never got rid of Trump's tax cuts... do you know why?.... because he knew it would make the economy worse and end up adding to the debt....

Yup, there were, and Trump is doing it all over again, and adding more trillions to the deficit along with it, same as before. Will you be complaining when he leaves office and the deficit is now, say, 46 trillion? I doubt it.

The ole trickle down economics playbook. How's that worked out?

 

[BlackSand]

Bush Jr: Adds nearly 12 trillion and left the economy in shambles with the Great Recession, stock market crash and war in Iraq, after Clinton gave us a surplus, a balanced budget and a booming economy

Trump: Adds 8.4 trillion in just a mere 4 years with no wars.

These 2 idiots added 20 trillion to the deficit just on their own. The problem is their presidencies continue to add even more debt to the deficit even after they leave office because of their poor decisions and then it's incumbent on democrats who win office to fix it. Why aren't right wingers and conservatives up in arms about these two fools whenever you talk about the deficit?

.

Well ... At least you might agree we should probably cut some spending ...
And eliminate every bit of fraud and waste we can find on top of that.

Holy shit ... You're finally starting to make some sense ...
Barely, but it's a start ...

.​

 

[BlackSand]

The ole trickle down economics playbook. How's that worked out?

.

However ... Spending more money than you have ... Is deficit spending ...
Not to mention servicing the debt.

So how about we root out some waste and fraud ... And cut some spending ...
You think that might work ...

.​

 

[krichton]

.

Well ... At least you might agree we should probably cut some spending ...
And eliminate every bit of fraud and waste we can find on top of that.

Holy shit ... You're finally starting to make some sense ...
Barely, but it's a start ...

.​

I don't think a single person disagrees that we should cut waste from the government, but there are proper procedures for doing so, not allowing Elon's dogebags to run amoke throughout the government just arbitrarily dissolving agencies at a whim.

I've always made sense. Perhaps you can show me where I haven't.

 

[BlackSand]

I don't think a single person disagrees that we should cut waste from the government, but there are proper procedures for doing so, not allowing Elon's dogebags to run amoke throughout the government just arbitrarily dissolving agencies at a whim.

I've always made sense. Perhaps you can show me where I haven't.

.

I don't have any use for what you think about Elon Musk ...
Or any silly excuses you may want to make ... If you don't like it ...
Maybe you'll win something next time.

Maybe you'll see the sense that ...
Whether or not you are willing to except it's the reality of it all ...

.​

 

[krichton]

.

I don't have any use for what you think about Elon Musk ...
Or any silly excuses you may want to make ... If you don't like it ...
Maybe you'll win something next time.

Maybe you'll see the sense that ...
Whether or not you are willing to except it's the reality of it all ...

.​

Congrats, you win the best award for best word salad of the day, while saying nothing.

 

[BlackSand]

Congrats, you win the best award for best word salad of the day, while saying nothing.

.

Sorry ... I kind of knew you weren't going to like it ...
And I wasn't really surprised you would have to say something stupid like that ...

.​

 

[otto105]

At USAID, Waste and Abuse Runs Deep

For decades, the United States Agency for International Development (USAID) has been unaccountable to taxpayers as it funnels massive sums of money to the

www.whitehouse.gov

Hilarious

Go to the propagandist for information.

 

[otto105]

How?... how what?... how did we get to 37 trillion dollars in Debt.?.... government waste and fraud and a bloated payroll and constant over spending.....
Do you even know what a trillion looks like?.... look it up....

Hilarious

Shitlers! economic plan is estimated to add 15 trillion to the deficit over next 10 years.

 

[Rambunctious]

Hilarious

Shitlers! economic plan is estimated to add 15 trillion to the deficit over next 10 years.

Bullshit you TDS freak.....

 

[Rambunctious]

Hilarious

Go to the propagandist for information.

Go get an education....

 

[otto105]

Go get an education....

Go cite the WH again.

 

[Luckyone]

Bullshit you TDS freak.....

The Fiscal Impact of Trump's Campaign Plans | Committee for a Responsible Federal Budget

 

[Luckyone]

What to look for today (weekly closes) and what it means:

The Jobs report just came out and it was mostly as expected (151k vs expected 160ki). Unemployment did pick up a bit from 4.0 to 4.1.

The initial reaction was a rally (indexes were trading unchanged prior to the report but then rallied with the DOW being up as much as 165 points but right now, all the indexes are down strongly.

Here are today's weekly closes in play. Weekly closes are always the most important indicator for computers and algorithms.

DOW at 43275 and at 41938. A close below the former would generate a failure signal against the bulls and give the bears a bit more ammunition. A close below the latter would generate a sell signal of consequence. Index is trading at 42231..

SPX at 5827 and at 5728, A close below the former will generate a sell signal of consequence and a close below the latter would exacerbate it. The index is trading at 5675.

NASDAQ at 20391 and at 20033. The index gave a sell signal last week and a close today below the former will add a failure signal to it. A close above the latter would give another sell signal that is minor but indicative. The index is trading at 19780

RUT at 2080 and at 2016. A close below the former will generate a new sell signal and a close below the latter would be a close below the 200-week MA, which would be a negative sign. Indexes is trading at 2037.

Any way you look at it, the bears have control right now with the only question is how much control. The traders will now turn their attention to next week's inflation report, but given the recent numbers and trend, that report is not likely to help the bulls.

The Chinese index has done the exact opposite to the U.S. market It made a new 3-year high weekly close and closed near the high, meaning more upside is to come.

 

[Rambunctious]

Go cite the WH again.

Your information is propaganda and fake news...

 

[otto105]

Your information is propaganda and fake news...

Go cite the WH again.

 

[Luckyone]

Your information is propaganda and fake news...