The Recession: Nov budget deficit $205billion; Deficit grew 48% in 2018

[phcitywarrior]

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.

The near negative interest rates was like crack for a lot of corporations. Cheap and easy credit had some firms borrowing recklessley.

Even at my company the leaders have been told to reign in their 2019 budget asks.

We’ll see. Some people said we never actually recovered from the 2008 recession. The Fed just put a band aid on the economy.

Might need to let some industries just fail. No more bailouts.

 

[Serious]

i hope it at least hits end of 2019-early 2020 so the dotard has to answer for it before the election

I'm trying switch jobs around that time.

I need the job market to be stable
There's no telling how long the hiring process will be.

 

[Wild self]

I'm trying switch jobs around that time.

I need the job market to be stable
There's no telling how long the hiring process will be.

Good luck. I say by Summer 2019, is when shyt REALLY hits the fan. I'm talking about 500k layoffs per month, like what that nightmare year 2009 was.

When the economy tanks (or anytime before Fall 2020), Trump might as well plan for retirement. He already lost the Midwest support due to all those GM jobs being cut.

 

[Serious]

Good luck. I say by Summer 2019, is when shyt REALLY hits the fan. I'm talking about 500k layoffs per month, like what that nightmare year 2009 was.

When the economy tanks (or anytime before Fall 2020), Trump might as well plan for retirement. He already lost the Midwest support due to all those GM jobs being cut.

good looks, bout to make some moves early 2019....

 

[Triipe]

The near negative interest rates was like crack for a lot of corporations. Cheap and easy credit had some firms borrowing recklessley.

Even at my company the leaders have been told to reign in their 2019 budget asks.

We’ll see. Some people said we never actually recovered from the 2008 recession. The Fed just put a band aid on the economy.

Might need to let some industries just fail. No more bailouts.

This is key, Tech needs a massive correction. These uber IPO valuations of >100billion are outta pocket and are just an example of the overblown nature of tech stocks.

Hopefully Powell raises rates sooner rather than later. On some cut off the foot to save the leg shyt.
On the topic of GE,

There are two big challenges that GE will face along the way. The first is that GE is saddled with a significant debt obligation, a legacy of GE Capital, that will not fade away quickly, and the debt obligations represent a clear and present danger to the firm. One reason for the rapid drop in GE's stock price in the last few weeks has been the deterioration in the company's credit standing, as can be seen in the rising default spreads for the company in the CDS market.


The reason that GE is trying to sell some of its stake in Baker and Hughes to pay down debt, but bond markets are skeptical, with good reason. The second is that GE Capital is now more burden than benefit to investors.

 

[☑︎#VoteDemocrat]

 

[☑︎#VoteDemocrat]

 

[☑︎#VoteDemocrat]

 

[ZoeGod]

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.

What keeps me scared is the never ending European debt crisis. Italian banks are in terrible shape and the nations government has so much debt the ECB would literally kill the euro if they tried to bailout Italy as it would lead to runaway inflation. If there is a recession and Italy falls apart the contagion would decimate French Banks which would plunge all of Europe into an economic depression. The economy never recovered from 2008. Easy credit from QE 1 and 2, the bailouts, low interest rates just papered over the cracks. And the banks have not learned their lesson from 2008 doing reckless loaning and borrowing. The next downturn will make 2008 look like the 90s. And let’s be real if they didn’t bailout the banks we would have had bank runs and widespread civil unrest across this country. shyt would had been mad max on a grand scale. So they had to bailout the banks cuz if they didn’t shyt would have fallen apart.

 

[greenvale]

 

[Robbie3000]

Nap, you overbearing niwit. Do you think anyone is going to click on all seven of those videos you posted which are all talking about the same thing!?

 

[Robbie3000]

What keeps me scared is the never ending European debt crisis. Italian banks are in terrible shape and the nations government has so much debt the ECB would literally kill the euro if they tried to bailout Italy as it would lead to runaway inflation. If there is a recession and Italy falls apart the contagion would decimate French Banks which would plunge all of Europe into an economic depression. The economy never recovered from 2008. Easy credit from QE 1 and 2, the bailouts, low interest rates just papered over the cracks. And the banks have not learned their lesson from 2008 doing reckless loaning and borrowing. The next downturn will make 2008 look like the 90s. And let’s be real if they didn’t bailout the banks we would have had bank runs and widespread civil unrest across this country. shyt would had been mad max on a grand scale. So they had to bailout the banks cuz if they didn’t shyt would have fallen apart.

 

[OsO]

 

[☑︎#VoteDemocrat]

several podcasts I listen to have said that they're hearing from real estate agents everywhere, especially in expensive cities like NYC that brokers aren't moving units like they used to...its a buyers market...

 

[☑︎#VoteDemocrat]

What keeps me scared is the never ending European debt crisis. Italian banks are in terrible shape and the nations government has so much debt the ECB would literally kill the euro if they tried to bailout Italy as it would lead to runaway inflation. If there is a recession and Italy falls apart the contagion would decimate French Banks which would plunge all of Europe into an economic depression. The economy never recovered from 2008. Easy credit from QE 1 and 2, the bailouts, low interest rates just papered over the cracks. And the banks have not learned their lesson from 2008 doing reckless loaning and borrowing. The next downturn will make 2008 look like the 90s. And let’s be real if they didn’t bailout the banks we would have had bank runs and widespread civil unrest across this country. shyt would had been mad max on a grand scale. So they had to bailout the banks cuz if they didn’t shyt would have fallen apart.

Looks like I need to start saving for my trip