Recession?

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Quilter51
Posts: 521
Joined: Sat Aug 29, 2015 6:04 pm

Re: Recession?

Post by Quilter51 » Tue Aug 20, 2019 12:46 am

This doesnt make me feel all warm and fuzzy

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

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LWolfT
Posts: 1870
Joined: Fri Aug 28, 2015 10:46 am

Re: Recession?

Post by LWolfT » Tue Aug 20, 2019 2:50 pm

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 ...

Quilter51
Posts: 521
Joined: Sat Aug 29, 2015 6:04 pm

Re: Recession?

Post by Quilter51 » Tue Aug 20, 2019 3:47 pm

I try to avoid reading yahoo commenters at all costs but I may run back later ..

Dgflorida
Posts: 3495
Joined: Wed Oct 07, 2015 8:10 pm

Re: Recession?

Post by Dgflorida » 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.

ohjodi
Posts: 939
Joined: Sun Aug 30, 2015 3:57 pm

Re: Recession?

Post by ohjodi » Tue Aug 20, 2019 7:05 pm

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.
ohjodi

Quilter51
Posts: 521
Joined: Sat Aug 29, 2015 6:04 pm

Re: Recession?

Post by Quilter51 » Tue Aug 20, 2019 8:06 pm

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.

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