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Re: Recession?

Posted: Tue Aug 20, 2019 12:46 am
by Quilter51
This doesnt make me feel all warm and fuzzy

https://www.google.com/amp/s/finance.ya ... 46447.html

Re: Recession?

Posted: Tue Aug 20, 2019 2:50 pm
by LWolfT
The comments don't make me feel warm and fuzzy either. I'm hoping this story was updated ... I'm puzzled by some of the commenters' math ...

Re: Recession?

Posted: Tue Aug 20, 2019 3:47 pm
by Quilter51
I try to avoid reading yahoo commenters at all costs but I may run back later ..

Re: Recession?

Posted: Tue Aug 20, 2019 5:54 pm
by Dgflorida
I only watch local news for the weather. When I want to make financial decisions I listen to nightly business report and Marketwatch among other sources. A recession is unlikely, they say. The inverted interest rate curve is no longer there and according to my sources, should not be considered significant unless it lasts 2 weeks. It lasted 24 hours, a clickbait moment. Educational.

Re: Recession?

Posted: Tue Aug 20, 2019 7:05 pm
by ohjodi
Dgflorida wrote:
Tue Aug 20, 2019 5:54 pm
I only watch local news for the weather. When I want to make financial decisions I listen to nightly business report and Marketwatch among other sources. A recession is unlikely, they say. The inverted interest rate curve is no longer there and according to my sources, should not be considered significant unless it lasts 2 weeks. It lasted 24 hours, a clickbait moment. Educational.
Yet, today...."President Trump on Monday called on the Federal Reserve to stimulate what he called a “very strong” economy as the White House tries to tamp down rising fears of a global recession.." https://thehill.com/policy/finance/over ... -recession

He's also "looking into" a payroll tax cut to further "stimulate" this "strong economy".

A strong economy doesn't need a stimulus.

Re: Recession?

Posted: Tue Aug 20, 2019 8:06 pm
by Quilter51
I dont believe an interest rate curve is the only indicator of a recession. At least when it comes to what affects us average folks. We have a slowing down of employment. A slowing down of housing prices. Increased cost because of worsening tarrifs. And a majority of economists still as of today predict a recession by 2021.

And the president is institute more stupid tarrifs. Just diing it after the first of the year because..Christmas and he wants to avoid a recession before the election.

Sorry if this is political.but for an international.business guy imho he doesnt get the global economy too well. Not even his advisors want more tarrifs.