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What’s it going to take?
Doog_de_Jour
Member Posts: 8,042 
To finally crash the economy? A massive global pandemic, murder hornets, Sark being hired at Texas, OBK’s 5G, the 2020 election...and yet it seems like many are still living it up like Creep.
What am I missing? I keep waiting for the other shoe to drop...and I’m not saying there aren’t a lot of people hurting, don’t twist, it just seems like things should be, well, worse.
What am I missing? I keep waiting for the other shoe to drop...and I’m not saying there aren’t a lot of people hurting, don’t twist, it just seems like things should be, well, worse.
Comments
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The whole thing has been chincredibly strange economically.
I still think this will fall apart but the when seems a big mystery. I wood have bet the farm the economy wood have already crashed by now. -
This makes me think Eeyore doesn't know his ass from a hole in the ground, and this country could do a lot of things without "cratering the economy".
As soon as I claim that as fact, though, the wheels will come off the bus and we'll go off a cliff and die in flames.
I don't remember a case study of any global pandemic in Econ class, though, so I don't know what the expectation is.
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It fell of the cliff dec 2018 and has been propped up by the fed since then. Funny the folks screaming market manipulation!! Now were stone silent when it was done solely to prop up a failing presidents re-election campaign.dnc said:The whole thing has been chincredibly strange economically.
I still think this will fall apart but the when seems a big mystery. I wood have bet the farm the economy wood have already crashed by now.
But now it’s turned into a third rail. No president/fed chair is going to do what is needed (turn the presses off/raise rates) because the immediate market reaction will tank their chances of re-election. Even though it would be in the best interest of the country, long-term. -
I think a recession is coming whether the official numbers say it or not. Unemployment is going the wrong way the last month and we are only a week into new economic policies...small business sentiment is in the crapper. I’ve been sitting in bank and consulting forecasts for the last couple weeks though and the consensus from them is that everything should be rosy by middle of the year so what do I know. The line that made me laugh the most was that one group said the Fed will starting talking at the end of this year about raising rates at the end of 2022. Suckers.
That said, the rest of the world is a mess which helps prop us up. Europe is a complete mess...same with Japan. Same with all of South America. China, for as much as people sing their praises, isn’t open to outside companies and all of its growth is tied up into building useless infrastructure as much as they try to claim otherwise. So in that environment the only place to put your money is still the US...helps to cover up the many warts we have here. -
Economy didn't fall off the cliff...the stock market pulled back when it looked like the Fed was going to let their balance sheet come down. They won't make that mistake again...ntxduck said:
It fell of the cliff dec 2018 and has been propped up by the fed since then. Funny the folks screaming market manipulation!! Now were stone silent when it was done solely to prop up a failing presidents re-election campaign.dnc said:The whole thing has been chincredibly strange economically.
I still think this will fall apart but the when seems a big mystery. I wood have bet the farm the economy wood have already crashed by now.
But now it’s turned into a third rail. No president/fed chair is going to do what is needed (turn the presses off/raise rates) because the immediate market reaction will tank their chances of re-election. Even though it would be in the best interest of the country, long-term.
The simple fact that good economic news is bad for the stock market whereas bad news (i.e. more Fed $$$) is good for the stock market describes the current situation...
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We artificially half shut down our economy. Different situation than a normal recession.
Some industries have skyrocketed when others have, again, been artificially killed.
There's still a great demand for some of those industries (restaurant, public house, gym). -
There are tons of chicks just out of college that are desperate when the economy crashes. I'm looking forward to it.
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Print, Print, Print!Doog_de_Jour said:To finally crash the economy? A massive global pandemic, murder hornets, Sark being hired at Texas, OBK’s 5G, the 2020 election...and yet it seems like many are still living it up like Creep.
What am I missing? I keep waiting for the other shoe to drop...and I’m not saying there aren’t a lot of people hurting, don’t twist, it just seems like things should be, well, worse.
As long as we* keep doing that, Everything* will be just fine -
Sounds like you were born for the COVID-era and have your reads down.Pitchfork51 said:There are tons of chicks just out of college that are desperate when the economy crashes. I'm looking forward to it.
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In my small economy the outlook couldn’t be any rosier for 2021. High demand, and inquiries for even higher demand in Q2 through the end of the year.
Only problem is the supply side is gonna fuck up the momentum.
