The Biden Recession Thread

[Wally]

You mean like Reagan or trump?

Oops! They were progressive wokies? Lol

 

[BrownFlush]

 

[TearsInRain]

Russell Napier: The world will experience a capex boom

Market strategist and historian Russell Napier warns of a 15- to 20-year phase of structurally elevated inflation and financial repression. He shares his views on how investors should prepare for this new world.

themarket.ch

 

[fishtm2001]

Future Forward USA Action TV Spot, 'Inflation Reduction Act: Drugs'

Future Forward USA Action discusses the Inflation Reduction act and its potential impact on energy, healthcare, prescription drugs and insulin costs. The organization encourages voters to call the White House to tell Joe Biden to "keep fighting."

www.ispot.tv

 

[Wally]

Future Forward USA Action TV Spot, 'Inflation Reduction Act: Drugs'

Future Forward USA Action discusses the Inflation Reduction act and its potential impact on energy, healthcare, prescription drugs and insulin costs. The organization encourages voters to call the White House to tell Joe Biden to "keep fighting."

www.ispot.tv

Lol, seems sketchy. They want high taxes, free stuff including free tuition for future leftist in training, and more Obamacare.

 

[DriveInDriveOut]

Lol, seems sketchy. They want high taxes, free stuff including free tuition for future leftist in training, and more Obamacare.

It's an ad for Democrats from a left wing super PAC funded with a hundred million dollars from a couple tech oligarchs, all of which are currently pushing the Biden administration for favorable legislation.

In other words it's garbage.

 

[newolddude]

https://twitter.com/i/web/status/1583594731161919488

 

[DriveInDriveOut]

https://twitter.com/i/web/status/1583594731161919488

Didn't the daily show get cancelled and picked up overseas by a different network?

 

[Wally]

‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’ author Robert Kiyosaki: ‘God have mercy on us all’

'Rich Dad, Poor Dad' Robert Kiyosaki sees more pain ahead for the global economy, even as some investors are wondering if the bottom is in for U.S. stocks.

www.marketwatch.com

 

[newfie]

 

[Serf]

A dozen eggs costs $4.19 and the news is telling me that Joe Biden got the most votes ever to become POTUS. What a time to be alive.

 

[Wally]

A dozen eggs costs $4.19 and the news is telling me that Joe Biden got the most votes ever to become POTUS. What a time to be alive.

Many of those voters depend on government to live or they think government will give them something. Keeps them on the plantation of government assistance.

 

[newfie]

A dozen eggs costs $4.19 and the news is telling me that Joe Biden got the most votes ever to become POTUS. What a time to be alive.

you have to pay if you dont want to read mean tweets.

 

[Wally]

Economists Place 70% Chance for US Recession in 2023

(Bloomberg) -- Economists say there is a 7-in-10 likelihood that the US economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.Most Read from BloombergMusk Actively Looking for...

finance.yahoo.com

 

[Wally]

Facing recession and political pressure, the Fed will move inflation goalposts

Six months from now, we will be in a recession and unemployment will be rising.

thehill.com

 

[newfie]

Economists Place 70% Chance for US Recession in 2023

(Bloomberg) -- Economists say there is a 7-in-10 likelihood that the US economy will sink into a recession next year, slashing demand forecasts and trimming inflation projections in the wake of massive interest-rate hikes by the Federal Reserve.Most Read from BloombergMusk Actively Looking for...

finance.yahoo.com

its a coming . they raised the rates too soon and too fast. they should have raised them a bit then waited to see the impact.

 

[vantexan]

its a coming . they raised the rates too soon and too fast. they should have raised them a bit then waited to see the impact.

It was either that or runaway inflation. We've been screwed for awhile now, just didn't know it yet.

 

[Wally]

Thirty percent chance of clear sailing past the storm. Biden's leadership may be the key.

 

[newfie]

It was either that or runaway inflation. We've been screwed for awhile now, just didn't know it yet.

the other option would have been a coordinated effort between the feds and the white house to treat the economic conditions causing the runaway inflation.
open up the jets to get oil production up. put an actual transportation professional in charge of logistics to address those issues.
lot of our problems are self inflicted . We should have anticipated the actions required to restart the economy after the shut down and been a lot more proactive.

when you put small town mayors into key positions just because the guy rolled over for you during the election then you see the logistics crisis we've have.

 

[MORS HOSTIBUS]

Update, live Biden reaction: