Do nothing. Time is on your side
The Recession: Nov budget deficit $205billion; Deficit grew 48% in 2018
- Thread starter acri1
- Start date
Futuristic Eskimo
All Star
Tax cut delayed it a year or two and destroyed the budget long term. Well worth it, right?
my only indicator is whenever larry kudlow is on his baghdad bob steez.
ZoeGod
I’m from Brooklyn a place where stars are born.
We are due for a recession hell maybe a depression. 2020 seems to be the year we could be in recession.
ZoeGod
I’m from Brooklyn a place where stars are born.
That is why you have right wing media saying talk of a 2020 recession is to sabotage Trump when we are due for a recession and every indicator says it will be worse than 2008 and the Republican/Trump policy is making it worse.
Jhoon
Spontaneous Mishaps and Hijinks
Cut taxes during a boon and then presume it’s going to work when times are bad.
This. Tax plan really just “kicked the can” a couple of years.
What indicator says it will be worse then 2008?
G, check a lot of these so called well to do company. They have a lot of debt on their balance sheets. When the tide goes out we gonna see a lot of companies caught looking real funny.
GM slashing jobs. Apple stopped reporting individual iPhone sales. Corporate stock buybacks to prop up value. Rising interest rates. Consumer debt at crazy high levels.
i hope it at least hits end of 2019-early 2020 so the dotard has to answer for it before the election
Triipe
All Star
Good post, corporate debt is the real thing that will make some noise when it pops.
At the peak of the Housing meltdown the bad debt held by Mortgage Lenders was round 4-5 trillion dollars. This corporate debt bubble is near 10 trillion on the books, and likely another 5-10 trillion in other forms of grey debt /financing.
We never crashed in '08, the Fed has just been shocking the body of America with free money since then. No one can call when it will come to a head, but in general the Debt Economy is still dancing at a scary pace. There needs to be a radical shift from the debt driven consumption economy, but how is the real question.
Probably repeating myself, but I think there's a tractor beam in place. Every time the market makes a sharp drop on bad news, magically the price rebounds very quickly. Either that or all the automated algorithms driving Wall Street are so cooked they'll buy a bag of dog shyt if the price drops 10%
shhhhh stop that nonsense, let's continue to reverse robin hood by cutting taxes for the rich and giving them more subsidies....