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Started By
Message
So we are heading into worldwide recession in the 4th Qtr
Posted on 7/11/23 at 8:40 pm
Posted on 7/11/23 at 8:40 pm
I just heard this from the only billionaire I know. I am sure he got this from watching every thing and their private investment bankers.
Any of you investment guys want to do the counter point on this or something?
I think a lot of us said this when the Fed began chasing inflationary “ghost” by significantly increasing the interest rates every month without taking the time to see the actual effects or impacts, (which take 3 to 4 quarters to realize), since so much of this was due to Covid and related supply issues etc , It’s like using an atom bomb to get rid of a few beavers.
Typical Fed bullshite, they get more wrong then they get right lately. Downvote away but just the messenger. Smart money will adjust their portfolio accordingly. Hopefully, this will only last a few quarters
Any of you investment guys want to do the counter point on this or something?
I think a lot of us said this when the Fed began chasing inflationary “ghost” by significantly increasing the interest rates every month without taking the time to see the actual effects or impacts, (which take 3 to 4 quarters to realize), since so much of this was due to Covid and related supply issues etc , It’s like using an atom bomb to get rid of a few beavers.
Typical Fed bullshite, they get more wrong then they get right lately. Downvote away but just the messenger. Smart money will adjust their portfolio accordingly. Hopefully, this will only last a few quarters
27
Posted on 7/11/23 at 8:40 pm to TutHillTiger
Depression. Famine is coming.
Posted on 7/11/23 at 8:41 pm to TutHillTiger
Wait, were we not?
Winter is coming.
Winter is coming.
This post was edited on 7/11/23 at 8:42 pm
Posted on 7/11/23 at 8:42 pm to TutHillTiger
quote:
I think a lot of us said this when the Fed began chasing inflationary “ghost” by significantly increasing the interest rates every month without taking the time to see the actual effects or impacts, (which take 3 to 4 quarters to realize), since so much of this was due to Covid and related supply issues etc , It’s like using an atom bomb to get rid of a few beavers.
Wrong
Keeping interest rates at 0 was worse
Their mistake was not raising rates earlier
Posted on 7/11/23 at 8:42 pm to TutHillTiger
Thankfully, ours isn't an export-driven economy and the dollar will still be strong enough to buy what we need from overseas. There may be a global pinch, but we'll ride it out better than everyone else.
Posted on 7/11/23 at 8:42 pm to TutHillTiger
Your timeline is off. Dems will not allow such things before end of 2024. They'll kick the can down the road however they can.
Posted on 7/11/23 at 8:44 pm to TutHillTiger
quote:
I just heard this from the only billionaire I know. I am sure he got this from watching every thing
can’t think of a faster way to inform the potential future readers of this thread that you’re full of shite.
Posted on 7/11/23 at 8:44 pm to genuineLSUtiger
quote:
Famine is coming.
Not in the U.S. For all of the frickups of our government, we still have a surplus of food. The Middle East and North Africa could be proper fricked though.
Posted on 7/11/23 at 8:45 pm to Cosmo
quote:
Keeping interest rates at 0 was worse
For almost 15 years. It was unprecedented. America got punch drunk on cheap money
Posted on 7/11/23 at 8:45 pm to TutHillTiger
Market makers love volatility.
Posted on 7/11/23 at 8:46 pm to Tantal
quote:
Not in the U.S. For all of the frickups of our government, we still have a surplus of food.
For now
Until we copy what the Dutch did to farmers
Posted on 7/11/23 at 8:47 pm to Tantal
quote:
export-driven economy
Sorry, dude, we export a TON of services to the tunes of billions of dollars. Which dropped like a rock.
We've been in a "classically defined" recession for months. Sending $ and arms to UKR doesn't produce "exports" unless you're the Democrat government in power.
Posted on 7/11/23 at 8:47 pm to genuineLSUtiger
quote:
genuineLSUtiger
LOL
Have your prep-per food supplies from 2009 expired yet?
Posted on 7/11/23 at 8:50 pm to notiger1997
The mistake was not doing a more gradual series of interest rate raises and seeing the impact. The Fed essentially panicked
Posted on 7/11/23 at 8:52 pm to TutHillTiger
quote:
the only billionaire I know
The billionaire:
Posted on 7/11/23 at 8:54 pm to LemmyLives
quote:
Sorry, dude, we export a TON of services to the tunes of billions of dollars.
Only a little over 10% of GDP is exports, with a sizeable chunk of that being energy and agriculture, which aren't going anywhere. We import FAR more manufactured goods than we export.
Posted on 7/11/23 at 8:56 pm to Tantal
quote:
Not in the U.S. For all of the frickups of our government, we still have a surplus of food. The Middle East and North Africa could be proper fricked though.
We have less farm land than previous and I don’t see an end to this. They would kill all the cows and cover those pastures with solar if they pleased.
I mean your beef and potato prices are just going to continue to rise.
Posted on 7/11/23 at 8:57 pm to TutHillTiger
Why not post this on the money board where they discuss money and economics??
Posted on 7/11/23 at 8:59 pm to TutHillTiger
quote:
Any of you investment guys want to do the counter point on this or something?
So... Sell Jan 2 2024 calls? Profit?
This post was edited on 7/11/23 at 9:01 pm
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