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Recession time
Comments
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Do you know what stagflation is either? Or the cause behind stagflation in the 70s?Southerndawg said:
Been there, done that, now were doing it again. Reagan/Volcker fixed it last time around, unfortunately there are no Ronald Reagan's running for president, and the dip shit running the fed is the classic PC/affirmative action hire, absolutely no Volcker. We're fucked.sarktastic said:Real consumer spending is in a downward trend... oops.
Fed sayz: stagflation is what the cool kids talk about now. -
Actually I said why Trump is wrong. And it has nothing to do with what the economist in the article said. J fucktarded as always.PurpleJ said: -
I would argue that more than 70% of the economy is driven by consumer spending.2001400ex said:
You don't even understand basic economics either. The comment from me isn't about whether we are going into a recession (I think we are going into one in the next year or two, but not for the reasons Trump stated).PurpleJ said:He could be right, but the people quoted in that article would never admit it. Same type of people that kept propping up investor confidence right until the bitter end the last time around. Fuck you are dense.
Trump also doesn't get that 70% of the economy is driven by consumer spending, which underneath that is consumer confidence.
Let me ask you something J. Serious question. When the president says the stock market is overinflated, we have 20% unemployment, and we are headed towards a massive recession, what happens to consumer confidence?
This is the one area that boggles my mind. Are we supposed to save our money or spend it? It's funny that when people save their money it hurts our economy, but isn't consumer spending in itself a giant bubble? When we eventually have a crash isn't it good for people to have reserves to live off of?
I've never understood why we get it from both sides. Is the real goal to have 85% of Americans spending every paycheck and for the lucky 15% to save and be better off when the REAL crash hits?
This is why I believe we need to have a stronger footnote in exports. When you need people to spend 90% of their disposable income to make the economy work, wouldn't you think there is something inherently wrong with the system? -
Yeah that's exactly why we go from boom to bust. Typically 5-7 years of boom and 1 year of recession. The recessions kind of cleanse the economy.greenblood said:
I would argue that more than 70% of the economy is driven by consumer spending.2001400ex said:
You don't even understand basic economics either. The comment from me isn't about whether we are going into a recession (I think we are going into one in the next year or two, but not for the reasons Trump stated).PurpleJ said:He could be right, but the people quoted in that article would never admit it. Same type of people that kept propping up investor confidence right until the bitter end the last time around. Fuck you are dense.
Trump also doesn't get that 70% of the economy is driven by consumer spending, which underneath that is consumer confidence.
Let me ask you something J. Serious question. When the president says the stock market is overinflated, we have 20% unemployment, and we are headed towards a massive recession, what happens to consumer confidence?
This is the one area that boggles my mind. Are we supposed to save our money or spend it? It's funny that when people save their money it hurts our economy, but isn't consumer spending in itself a giant bubble? When we eventually have a crash isn't it good for people to have reserves to live off of?
I've never understood why we get it from both sides. Is the real goal to have 85% of Americans spending every paycheck and for the lucky 15% to save and be better off when the REAL crash hits?
This is why I believe we need to have a stronger footnote in exports. When you need people to spend 90% of their disposable income to make the economy work, wouldn't you think there is something inherently wrong with the system?
Savings is actually one of the contributors of the slow recoveries we've had. People on average haven't been as willing to spend beyond their means. -
What happens to all the debt financing when the rates go up? Hondo?
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Well besides the fact we are $19 trillion in debt and the low rates are making that somewhat sustainable. Yes the housing market will be an issue when rates go up. Among other issues. The rest of the debt will be as is, most clients I have that have variable rate loans or bonds, have locked in a fixed rate swap agreement to hedge the rates.PurpleJ said:What happens to all the debt financing when the rates go up? Hondo?
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Neoliberalism, ain't it great!greenblood said:
I would argue that more than 70% of the economy is driven by consumer spending.2001400ex said:
You don't even understand basic economics either. The comment from me isn't about whether we are going into a recession (I think we are going into one in the next year or two, but not for the reasons Trump stated).PurpleJ said:He could be right, but the people quoted in that article would never admit it. Same type of people that kept propping up investor confidence right until the bitter end the last time around. Fuck you are dense.
Trump also doesn't get that 70% of the economy is driven by consumer spending, which underneath that is consumer confidence.
Let me ask you something J. Serious question. When the president says the stock market is overinflated, we have 20% unemployment, and we are headed towards a massive recession, what happens to consumer confidence?
This is the one area that boggles my mind. Are we supposed to save our money or spend it? It's funny that when people save their money it hurts our economy, but isn't consumer spending in itself a giant bubble? When we eventually have a crash isn't it good for people to have reserves to live off of?
I've never understood why we get it from both sides. Is the real goal to have 85% of Americans spending every paycheck and for the lucky 15% to save and be better off when the REAL crash hits?
This is why I believe we need to have a stronger footnote in exports. When you need people to spend 90% of their disposable income to make the economy work, wouldn't you think there is something inherently wrong with the system? -
I was actually referring to debt financing by companies. There are "other issues", some of which you have stated, albeit with little understanding of the context. But what happens when rates go up and investor confidence goes down? Do tell.2001400ex said:
Well besides the fact we are $19 trillion in debt and the low rates are making that somewhat sustainable. Yes the housing market will be an issue when rates go up. Among other issues. The rest of the debt will be as is, most clients I have that have variable rate loans or bonds, have locked in a fixed rate swap agreement to hedge the rates.PurpleJ said:What happens to all the debt financing when the rates go up? Hondo?
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He put real unemployment above 20 percent.
This shit is regularly posted and reported. I don't know why people have to randomly pull numbers out of their asses.
U6 was reported at 9.8% for March 2016.
