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Recessions are good

24

Comments

  • HHuskyHHusky Member Posts: 20,819

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    We're talking 25% tariffs. Don't you follow Daddy on Twitter?
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,789 Swaye's Wigwam
    HHusky said:

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    We're talking 25% tariffs. Don't you follow Daddy on Twitter?
    This is the additional 10% on other not currently captured goods which would include the 25%. Keep rooting for recession and the Chinese to conquer the world I guess.
  • CirrhosisDawgCirrhosisDawg Member Posts: 6,390
    edited August 2019

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    That’s not what Morgan Stanley said for US gdp growth.
  • HHuskyHHusky Member Posts: 20,819

    HHusky said:

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    We're talking 25% tariffs. Don't you follow Daddy on Twitter?
    This is the additional 10% on other not currently captured goods which would include the 25%. Keep rooting for recession and the Chinese to conquer the world I guess.
    Fuck the Chinese! I'm hoping to swoop up some sweet properties during the recession though.
  • SledogSledog Member Posts: 33,862 Standard Supporter
    Hondo Bros. are hoping China invades and they switch sides.
  • HHuskyHHusky Member Posts: 20,819
    Sledog said:

    Hondo Bros. are hoping China invades and they switch sides.

    Real patriots like being laid off. Cuz the Chinese!
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,789 Swaye's Wigwam

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    That’s not what Morgan Stanley said for US gdp growth.
    Funny enough I'm having trouble finding the original Morgan Stanley note as nobody citing it bothers to link it and it's buried by headlines. I was actually curious. Link? good buddy.
  • dfleadflea Member Posts: 7,233
    Will the new tariffs apply to products the Trumps have manufactured in China, or are they still exempt?
  • Blu82Blu82 Member Posts: 1,570
    @CD likes the ChiComs giving it to us up the ass. Reminds him of his chubby with her 9" strap on.
  • HHuskyHHusky Member Posts: 20,819

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    That’s not what Morgan Stanley said for US gdp growth.
    Funny enough I'm having trouble finding the original Morgan Stanley note as nobody citing it bothers to link it and it's buried by headlines. I was actually curious. Link? good buddy.
    https://www.cnbc.com/2019/08/05/morgan-stanley-escalating-trade-war-means-global-recession-is-coming.html

  • BendintheriverBendintheriver Member Posts: 6,016 Standard Supporter
    HHusky said:

    Sledog said:

    Hondo Bros. are hoping China invades and they switch sides.

    Real patriots like being laid off. Cuz the Chinese!
    We're all going to die HH! Run for the hills! The economy is going to be destroyed! We should just let the Chinese take advantage of us as our weapons are useless against them!!!!!!!!!!!

    FFS get a backbone there buttercup.

  • HHuskyHHusky Member Posts: 20,819

    HHusky said:

    Sledog said:

    Hondo Bros. are hoping China invades and they switch sides.

    Real patriots like being laid off. Cuz the Chinese!
    We're all going to die HH! Run for the hills! The economy is going to be destroyed! We should just let the Chinese take advantage of us as our weapons are useless against them!!!!!!!!!!!

    FFS get a backbone there buttercup.

    That time of the month?
  • BendintheriverBendintheriver Member Posts: 6,016 Standard Supporter
    HHusky said:

    HHusky said:

    Sledog said:

    Hondo Bros. are hoping China invades and they switch sides.

    Real patriots like being laid off. Cuz the Chinese!
    We're all going to die HH! Run for the hills! The economy is going to be destroyed! We should just let the Chinese take advantage of us as our weapons are useless against them!!!!!!!!!!!

    FFS get a backbone there buttercup.

    That time of the month?
    There you go being a misogynist again. Don't you know how hurtful it is to mock women like that? I am telling your leaders that you committed a gender specific foul!

    Now go find your safe place and reflect on your white male privileged ways.

  • HHuskyHHusky Member Posts: 20,819

    HHusky said:

    HHusky said:

    Sledog said:

    Hondo Bros. are hoping China invades and they switch sides.

    Real patriots like being laid off. Cuz the Chinese!
    We're all going to die HH! Run for the hills! The economy is going to be destroyed! We should just let the Chinese take advantage of us as our weapons are useless against them!!!!!!!!!!!

    FFS get a backbone there buttercup.

    That time of the month?
    There you go being a misogynist again. Don't you know how hurtful it is to mock women like that? I am telling your leaders that you committed a gender specific foul!

    Now go find your safe place and reflect on your white male privileged ways.

    Yeah, I don't know why I got so emotional.
  • 2001400ex2001400ex Member Posts: 29,457
    HHusky said:

    SFGbob said:

    HHusky said:

    We have to destroy free trade with tariffs to save free trade.

    What other solution do you have?

    I know lil' buddy, we should just let them take more advantage of the American people and put more out of work with higher trade deficits. How much do you want to let them steal in intellectual property? 10 Trillion? How many trillions until you FEEL GOOD about our relationship with China?
    There’s a solution in this post? I noticed that once again you never answer any questions,
    The solution is to wait them out dumbfuck. Did you think the Communists were going to care whether they were stealing our technology or putting our people out of work by dumping their junk into this country? We had to draw a line at some point. As we saw with BO he just laid down like a fucking rug and told Americans manufacturing in this country was dead. Brilliant.

    Manufacturing remains a small part of the US economy. Daddy's trade war has driven it into recession.
    We've had two quarters in a row of negative GDP? Got a link Kunt?
    Manufacturing is in recession. It was in all the papers. You're not bright.
    Tax cuts will bring our manufacturing jobs back!!
  • PurpleThrobberPurpleThrobber Member Posts: 44,182 Standard Supporter

    "That’s bad enough, but tolerable, says Morgan Stanley, which makes the case that if those 10% tariffs are kept for longer than four or five months, global growth will remain weak in the range of 2.8% to 3%, despite interest-rate cuts from central banks.

    Global growth was 3.6% in 2018 and projected to grow 3.2% in 2019, according to the July estimates from the International Monetary Fund.

    Morgan Stanley defines a global recession as one where global growth is below 2.5%."

    I'll take 2.5% GDP growth in the US while China slides into recession if that's what you are currently offering.

    @UW_Doog_Bot - what's your take on the Chinese devaluing their currency today?

    Head fake or justified?

    The Throbber doesn't trust those sneaky bastards.

  • CirrhosisDawgCirrhosisDawg Member Posts: 6,390
    Senator Reed Smoot and Representative Willis Hawley are belly laughing about trump’s China tariffs in the media room.
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