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The recession has started
priapism
Member Posts: 2,288
in Tug Tavern
When the yield curve un-inverts and hits .5+ on this indicator, it has always meant a recession has started. Things will start to break and the Fed will cut rates soon. I suspect the stock market has another 30-40% fall left in it over the next 6 months to get PEs back to the mid teens.
Comments
People forget Reagan had a recession from July 1981 to November 1982 during which time Reagan rebuilt capitalism.
Then it was on. And the greed is good 80's was unleashed.
I think QE is more likely than over night rate cutting. We don’t need stimulus.
GDP growth primarily based on government spending and job growth, which we’ve had since Biden took office, may as well have been called a depression as it is unsustainable.
Don’t fucking care.
Call it a recession if you want, but what’s been happening since you Democrats tanked the economy over a cold isn’t good for anyone other than the very rich, and the wealth gap increase under Biden shows it:
Just end the fed and get rid of qe and forced lending rates. Let the 10 year run everything off its natural market rate as Jesus intended.
The Fed isn’t ending anytime soon, though. So, what else?
Seems like this is what everyone wants.
They voted for it 12 times a piece.