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re: Are we headed towards a recession?
Posted on 12/24/18 at 11:02 am to RogerTheShrubber
Posted on 12/24/18 at 11:02 am to RogerTheShrubber
quote:
This is your public school teacher, folks...
Wait, this clown is a teacher?
1
Posted on 12/24/18 at 11:03 am to CaptainBrannigan
quote:
Sad part is the uneducated whites that voted for this gameshow host will believe him.
good grief, this might be the dumbest statement on here today, and it's just noon.
Posted on 12/24/18 at 11:03 am to fareplay
Just ask Charles Roussel at the LSU Economics Department and he will say yes.
Posted on 12/24/18 at 11:04 am to Janky
quote:
quote:
This is your public school teacher, folks...
Wait, this clown is a teacher?
Yes.
this is what has taken over the institution
Posted on 12/24/18 at 11:06 am to RogerTheShrubber
Holy frick.
Posted on 12/24/18 at 11:10 am to RogerTheShrubber
Someone needs to Geaux Judge his arse.
Posted on 12/24/18 at 11:12 am to Spunky
His post history would no doubt get his arse in trouble. He's obsessed with hating white people
Posted on 12/24/18 at 11:13 am to RogerTheShrubber
quote:
This is your public school teacher, folks
You are not very good at being stalker.
Posted on 12/24/18 at 11:16 am to fareplay
quote:
Are we headed towards a recession?
God I hope so. Been sitting on cash and waiting for buying opportunity for a while now.
Posted on 12/24/18 at 11:17 am to CaptainBrannigan
quote:
You are not very good at being stalker.
No one has s Stalking, you've proudly admitted it here.
Posted on 12/24/18 at 11:19 am to fareplay
quote:
I suggest you check in on your 401k and see if you need to buy a smaller truck and downgrade your copper plated truck nuts
What do these things have to do with each other, especially if you aren't retiring in the near future?
Posted on 12/24/18 at 11:19 am to PrivatePublic
quote:
God I hope so. Been sitting on cash and waiting for buying opportunity for a while now.
Buying what?
Posted on 12/24/18 at 11:21 am to fareplay
Without a doubt. And those people buying at this moment are buying at a point not even close to the bottom. I expect stocks to slip at least another 20% before all is said and done.
This recession will be ugly because the Fed can't do much to serve as a backstop, Congress can't agree on a damn thing, government deficit spending under this Congress and Trump is close to racking up $1T, the ridiculous idea to pass widespread business and personal tax cuts during an "up" economy will further handcuff federal response to a recession because they won't have the money needed to invest, and, of course, we have possibly the least qualified White House leadership in history who are wholly incapable of dealing with a widespread economic crisis.
And despite Rog's imbecilic comment about this being a result of Keynesian policy, I can assure you Keynes was rolling over in his grave when those tax cuts passed and government spending ballooned during a period of economic prosperity. Keynesian economics is personified by the simple saying, "save for a rainy day". We didn't and now we're fricked.
This recession will be ugly because the Fed can't do much to serve as a backstop, Congress can't agree on a damn thing, government deficit spending under this Congress and Trump is close to racking up $1T, the ridiculous idea to pass widespread business and personal tax cuts during an "up" economy will further handcuff federal response to a recession because they won't have the money needed to invest, and, of course, we have possibly the least qualified White House leadership in history who are wholly incapable of dealing with a widespread economic crisis.
And despite Rog's imbecilic comment about this being a result of Keynesian policy, I can assure you Keynes was rolling over in his grave when those tax cuts passed and government spending ballooned during a period of economic prosperity. Keynesian economics is personified by the simple saying, "save for a rainy day". We didn't and now we're fricked.
Posted on 12/24/18 at 11:23 am to AUCE05
good point to buy stocks now actually since prices are cheaper. Hope the market stabilizes though and that the chaos surrounding Trump's administration calms down. The globe knows not what Trump will do to screw it up any further and what allies he will piss off unnecessarily next. We are losing our trust with the rest of the globe and that, I think, is affecting the markets. Trump needs to settle the tariff issues and assure our friends that we will have their back if they have ours.....I don't think his ego though will allow him to admit that he made a mistake. Not that he has anything to worry about......his family is making out like bandits on this Trump brandname strategy. 
Posted on 12/24/18 at 11:26 am to mmmmmbeeer
quote:
And despite Rog's imbecilic comment about this being a result of Keynesian policy, I can assure you Keynes was rolling over in his grave when those tax cuts passed
Tax cuts have nothing to do with a slowing economy. In fact they stimulated the economy. Now they didn't superheat the economy like some have said
Interest rates and pressure from global economy will slow our economy. You're welcome.
quote:
Keynesian economics is personified by the simple saying, "save for a rainy day".
This post was edited on 12/24/18 at 11:29 am
Posted on 12/24/18 at 11:29 am to RogerTheShrubber
Why are you guys using the stock market as a proxy for economic growth?
Looking at economic data, there is no indication of a recession. Things MAY be slowing down a bit, but most indicators still indicate expansion. GDP in the 4th quarter is set to grow around 3%. That is not a recession.
Looking at economic data, there is no indication of a recession. Things MAY be slowing down a bit, but most indicators still indicate expansion. GDP in the 4th quarter is set to grow around 3%. That is not a recession.
Posted on 12/24/18 at 11:32 am to Janky
quote:
Buying what?
Cheap(er) stock.
Posted on 12/24/18 at 11:33 am to mmmmmbeeer
quote:
we have possibly the least qualified White House leadership in history
That would be the community organizer that never held a private sector job
Posted on 12/24/18 at 11:33 am to RogerTheShrubber
Those blaming tax cuts for rising deficits are complete retards
Here is the graph of what is making up the increase in the deficit. Do you people really think tax cuts are the main issue?
The deficit began rising in 2016, BEFORE any tax reform.
Here is the graph of what is making up the increase in the deficit. Do you people really think tax cuts are the main issue?
The deficit began rising in 2016, BEFORE any tax reform.
Posted on 12/24/18 at 11:33 am to PrivatePublic
I thought you said the other day that all stock market players are fools.
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