Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid

[GnauzBookOfRhymes]

2022 UPDATE - brehs/brehettes you better STACK STACK STACK STACK because a recession is guaranteed most likely by summer of 2023.


March 11

Atlanta Fed: US GDPNow estimate for Q1-2019 unchanged at 0.5%

Where's The Recession, You Ask? Reprise




March 8 2019

Job creation grinds to a near-halt in February; wages still on the rise



January 22 2019

Huge drop in home sales December.

The unusually large drop in home sales has real estate agents baffled

The real story is that people are starting to feel that economy is weak and don’t want to risk having a fat mortgage and possibly losing their job etc.




January 3, 2019
Bloomberg - Are you a robot?

Treasury secretary convened meeting of largest banks!
Top Trump official calls bankers, will convene 'Plunge Protection Team' | Reuters

UPDATE IT'S A FUKKING WRAP GUYS: DECEMBER 18, 2018

Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey

Greenspan to investors: 'Run for cover' - CNN
Foreigners Dump US Treasuries As They Liquidate A Record Amount Of US Stocks



UPDATE: GM to cut 15% of salaried workforce! MASSIVE production cuts.

GM to cut production at several plants, reduce salaried workforce by 15 percent


Update: Cramer agrees

Cramer says CEOs are telling him off the record the economy has quickly cooled

Credit Card delinquencies on the rise

Fox Business panel highlights increase in credit card rejections and delinquencies, fails to mention Trump administration’s gutting of consumer watchdog

People aren't paying their credit cards and more accounts are being shut down, and it could be a sign that 'economic clouds are darkening'

December 10 update
Update: nytimes calling out Wall Street


Wall St. Ignored Signs of Trouble for Months. Now It Sees Risks Everywhere

 

[Jatt]

Except worse. 2008 recession and "recovery" was the defining moment of our generation and we will live with its repurcussions for the next couple decades. The next one will crumble the middle class and economy in a bigger way.

 

[Hood Critic]

This time changed my life so drastically, I'll never forget it.

 

[GnauzBookOfRhymes]

A red flashing light in the housing market could spell trouble for the economy

 

[Elim Garak]

I pray we are a year away so im more secure financially atleast 6 months i hope but yep its coming.

 

[FAH1223]

Yes

Interest rates going up. All this debt everyone has from student loans to businesses and the emerging market countries have come when interest rates were at zero

So soon these debts won’t be repaid l...

 

[88m3]

It's certainly possible.

The housing market is getting a little funky but you need more than that to create a 2008.

 

[Slystallion]

I believe we had inverted yield curve at that point since like 06 ...normally after an inverted yield curve there is a recession around 2-3 years later

The 2 yr and 7 year are flattening...its normal economic business cycle I just hope the flash crash or recession happens after 2020 which if we aren't inverted yet recession or correction won't happen until 2021...we likely recover in a few months and it's not something remembered by the time 2024 happens

But I know you guys are rooting for an economic meltdown for political purposes

 

[Pressure]

I believe we had inverted yield curve at that point since like 06 ...normally after an inverted yield curve there is a recession around 2-3 years later

The 2 yr and 7 year are flattening...its normal economic business cycle I just hope the flash crash or recession happens after 2020 which if we aren't inverted yet recession or correction won't happen until 2021...we likely recover in a few months and it's not something remembered by the time 2024 happens

But I know you guys are rooting for an economic meltdown for political purposes

And you're hoping it doesn't happen until after 2020 for political purposes.

 

[Elim Garak]

I believe we had inverted yield curve at that point since like 06 ...normally after an inverted yield curve there is a recession around 2-3 years later

The 2 yr and 7 year are flattening...its normal economic business cycle I just hope the flash crash or recession happens after 2020 which if we aren't inverted yet recession or correction won't happen until 2021...we likely recover in a few months and it's not something remembered by the time 2024 happens

But I know you guys are rooting for an economic meltdown for political purposes

Will be back to neg when I can as always.

 

[Pressure]

Will be back to neg when I can as always.

I got you

 

[Elim Garak]

I got you

Thanks he really tried to make it political when we all know both sides are to blame lol.

 

[Slystallion]

And you're hoping it doesn't happen until after 2020 for political purposes.

That's true if we can all just admit our biases. However a market correction and small recession is normal cyclical behavior nothing to necessarily panic over, so I would prefer it happens when the media can't use it to influence an election and would have recovered long before another election.

 

[DrBanneker]

Yes

Interest rates going up. All this debt everyone has from student loans to businesses and thrn emerging market countries have came when interest rates were at zero

So soon these debts won’t be repaid l...

Not just that, emerging markets borrowed in dollars and the rising rates have fukked the exchange rate big time. They can't repay it all

 

[DrBanneker]

Yeah, it's going down but this time will be much worse and will get out of control and destroy several nations/governments. Outright authoritarianism could take over parts of Europe or even the US.

Global central banks cannot lower rates any more, they are out of ammo and walking into an even bigger firefight.

My top 3 triggers are:

1. China Debt meltdown
2. Emerging market dollar denominated debt meltdown
3. Italy debt meltdown in EU

US will be smacked hard but I don't think we will be the trigger.