Recessions are good
Comments
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"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_Bot 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. -
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.HHusky said:
We're talking 25% tariffs. Don't you follow Daddy on Twitter?UW_Doog_Bot 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. -
That’s not what Morgan Stanley said for US gdp growth.UW_Doog_Bot 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. -
Fuck the Chinese! I'm hoping to swoop up some sweet properties during the recession though.UW_Doog_Bot said:
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.HHusky said:
We're talking 25% tariffs. Don't you follow Daddy on Twitter?UW_Doog_Bot 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. -
Hondo Bros. are hoping China invades and they switch sides.
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Real patriots like being laid off. Cuz the Chinese!Sledog said:Hondo Bros. are hoping China invades and they switch sides.
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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.CirrhosisDawg said:
That’s not what Morgan Stanley said for US gdp growth.UW_Doog_Bot 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. -
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Will the new tariffs apply to products the Trumps have manufactured in China, or are they still exempt?
