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Expert warns US entering a recession 'unseen like any other'

2

Comments

  • MikeDamone
    MikeDamone Member Posts: 37,781

    atlanta fed just lowered their q3 gdp outlook to 0.5% growth, had forecasted at ~2.7% growth as of august.

    hearin retailers inventory levels are high (be lookin for better sales this xmas season) and china has 'unlimited' production capacity (it wont get used).

    but this isnt a recession.

    No. Not a recession. That’s old thinking.
  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 26,135 Standard Supporter
    Is this guy trying to sell gold or crypto?
  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,737 Standard Supporter
    Recession, sure. Unseen like any other? Hyperbole.
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,553 Founders Club

    Recession, sure. Unseen like any other? Hyperbole.

    We have a dementia president who wishes he was fdr and a congress that wishes he was Chavez.

    The economic fundamentals aren't there to make it worst ever but this government 100% has the potential response to make it that way.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 13,259 Founders Club

    atlanta fed just lowered their q3 gdp outlook to 0.5% growth, had forecasted at ~2.7% growth as of august.

    hearin retailers inventory levels are high (be lookin for better sales this xmas season) and china has 'unlimited' production capacity (it wont get used).

    but this isnt a recession.

    Retailers are already pushing for vendor funded markdowns or outright returns to get the levels back. Vendors have too much also. Backed up Chinese supply chains and the threat of more inflation forced over buying. This is going to kill earnings in the next quarter or so, big layoffs are coming in Q1 next year.
  • Sledog
    Sledog Member Posts: 38,601 Standard Supporter
    edited September 2022

    Sledog said:

    46XiJCAB said:

    We are fucked folks. We have a barely functional Moron in the Oval Office. We have a two-digit IQer in the VP office. We have a braindead speaker of the House and a bunch of Commies controlling Congress and our Media.

    Election theft has consequences news of the day!
    Name ONE media outlet that said the election was stolen. Not some claim by a 3rd party computer geek, negro lesbian, or failed candidate. Just ONE!
    All run by the Dims.

    Delaware Judge Halts Mail-In Voting

    https://conservativebrief.com/judge-mail-in-66548/?utm_source=CB&utm_medium=DJD

    Every state that emergency ordered mail in voting was in violation. Everyone. Illegal votes rife with fraud.
  • HHusky
    HHusky Member Posts: 24,336
    Founded in 2019 by 20-year financial services industry veteran Michael Lee, Michael Lee Strategy focuses on offering comfort through clarity to pre-retirees and retirees by delivering a personalized, holistic strategy that marriages comprehensive financial planning and professional investment management.

    michaelleestrategy.com

    #ClassyExpertInventsNew Verb!
  • Pitchfork51
    Pitchfork51 Member Posts: 27,679
    A winter of death one could argue
  • MikeDamone
    MikeDamone Member Posts: 37,781
    So a recession worse than the Great Depression? That would be NUTS!
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,911 Standard Supporter

    So a recession worse than the Great Depression? That would be NUTS!

    We were a different culture back in the 1930s. In spite of massive poverty, America was basically crime free and orderly. Today, that kind of unemployment would result in Thunder Dome.