Biden Is On His Way Out; CEO of Bank of America:EXPECTS MILD RECESSION IN FIRST PART OF NEXT YEAR

RickyDiBiase

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That’s literally what they’ve been saying for the past three years now.

Meanwhile, the Fed rate hikes appear to be easing inflation, companies continue to bring in high revenue, and the labor market is still relatively strong..,,

:snooze:

No president who has a recession during the term gets re-elected

Ask Carter and Bush Sr
 

Professor Emeritus

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No president who has a recession during the term gets re-elected

Ask Carter and Bush Sr


Wrong. Nixon, Reagan, and George W. Bush all had recessions during their 1st team and still got re-elected.

It's all about timing. People are relatively stupid and have very short effective memories. They won't judge you by what has happened over the course of your term, just by what has happened in the last year leading up to the election. Nixon, Reagan, and George W. succeeded because they still had 2-3 years left to go when their recessions ended.
 

jadillac

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They've been saying that for 3 years.

Covid may have saved it from happening somewhat during those 3 years since

Mortgage Interst rates during covid were insanely low aand banks like BOA, Chase, Wells benefited greatly. Now those rates are triple, while housing prices are higher than ever
 

RickyDiBiase

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Wrong. Nixon, Reagan, and George W. Bush all had recessions during their 1st team and still got re-elected.

It's all about timing. People are relatively stupid and have very short effective memories. They won't judge you by what has happened over the course of your term, just by what has happened in the last year leading up to the election. Nixon, Reagan, and George W. succeeded because they still had 2-3 years left to go when their recessions ended.

And Biden doesn’t have 2-3 years that’s the difference
 
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