We're being told by major economists who aren't Trump supporters that we're precariously close to a major recession. Just keep in mind that things were going well before both the Great Depression and the Great Recession.
Weekly Reminder: The economy is great, inflation is fake and gas is cheap.
- Thread starter Analbumcover
- Start date
newolddude
Well-Known Member
We are. All the economic indicators and statistics you see are deep state lies.
newolddude
Well-Known Member
US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Americans showed a continued willingness to spend freely despite high interest rates and price levels.
apnews.com
catstalking
ie qt
all debts are paid eventually; either we get financially repressed for the next few decades or something breaks and we enter a depression
this has nothing to do with MAGA or Biden, this is a uniparty issue smoldering since 1971, 1913, 2001, 2003, literally pick whatever year you want
catstalking
ie qt
yeah, the problem is all that spending is debt and so the "growth" is mostly fake: break the glass, sweep it up, congrats you just created growth!
US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Americans showed a continued willingness to spend freely despite high interest rates and price levels.
what could go wrong
Next Day Err
Well-Known Member
I’m in the markets for the long term. I don’t think the sky is falling.
catstalking
ie qt
i think the US is barreling towards a constitutional crisis at best and civil war at worst
wouldn't bother investing anywhere else though, i think the whole world is entering another "30 Year War" period
Next Day Err
Well-Known Member
And the proximate cause would be…?
catstalking
ie qt
easy answer is American imperialism debts coming due
longer answer you could point a lot of fingers, depends how far back you wanna look but I would say the CIA and Fed are the two most responsible; ultimately you can't wage endless destabilizing wars without both of them
Up In Smoke
Well-Known Member
More positive economic numbers. Inflation at 2.9% and the rolling 3-6 month percentage is below 1.5%. The Fed is going to have some important decisions to make during an election year.
Next Day Err
Well-Known Member
It’s pretty damn good news. I’d say they’ll keep rates where they are for longer.
Up In Smoke
Well-Known Member
The market has priced in a few cuts (+- 1.5%) for 2024 and will be pretty upset if the Fed doesn't follow through. I believe March is off the table, but after that they better move if the data continues to improve. IMO
Next Day Err
Well-Known Member
If things continue on the GDP/inflation front I could see the Fed cutting by no more than 75 basis points.
DELACROIX
In the Spirit of Honore' Daumier
Sure hope they keep the politics out of it...still going to see a lot of backbiting from both sides if it turns against their agendas.
Up In Smoke
Well-Known Member
Powell and Fed has to stay out of the election conversation with their moves, so less is a distinct possibility.
catstalking
ie qt
strongest economy in history
Up In Smoke
Well-Known Member
friend around and find out. The properties in question were never meant to be payed down or off. These properties are refinanced every few years and their equity is used to invest in more. Notes are written as interest only payments with the ultimate goal of building a huge property portfolio. Borrowing from Peter to pay Paul only to use Paul to borrow from Peter.
catstalking
ie qt
yes that's their problem, too much property bought on low interest debt and now the interest rates aren't low
what happens when a few big whales can't make their payments? what happens do their banks? more money printing and bailouts?
Up In Smoke
Well-Known Member
No. They file charter 11 and start again with new banks.
Yah, government spending was up 12% year over year. Looks like the Biden administration is intent on propping up the economy until the election.US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Americans showed a continued willingness to spend freely despite high interest rates and price levels.
