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Recessions are good

24

Comments

  • HHuskyHHusky Member Posts: 22,675

    "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: 17,211 Swaye's Wigwam
    HHusky said:

    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: 22,675

    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: 35,839 Standard Supporter
    Hondo Bros. are hoping China invades and they switch sides.
  • HHuskyHHusky Member Posts: 22,675
    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: 17,211 Swaye's Wigwam

    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: 7,274
    Will the new tariffs apply to products the Trumps have manufactured in China, or are they still exempt?
  • Blu82Blu82 Member Posts: 1,649
    @CD likes the ChiComs giving it to us up the ass. Reminds him of his chubby with her 9" strap on.
  • HHuskyHHusky Member Posts: 22,675

    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: 6,600 Standard Supporter
    HHusky said:

    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: 22,675

    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: 6,600 Standard Supporter
    HHusky said:

    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: 22,675

    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:

    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: 46,561 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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