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re: Every network has a segment boasting how great the economy is doing.

Posted on 12/24/23 at 10:44 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65267 posts
Posted on 12/24/23 at 10:44 am to
quote:

The inverted yield curve disagrees. Strongly. (and it has a perfect record in predicting recessions)


I'm a real economist and I hate this fricking administration but I don't think this is accurate. It's close but not totally accurate.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 12/24/23 at 10:45 am to
quote:



Recessions are natural economic occurrences. Endless money printing and having everyone prop up an inflated economy with unnecessary debt is not natural.


Correct.
The can has been kicked down the road for so long, that everything has become unaffordable.

"Just pay the man" ended up costing all of us.

We are addicted to comfort.
Posted by dafif
Member since Jan 2019
7066 posts
Posted on 12/24/23 at 10:46 am to
quote:

Every network has a segment boasting how great the economy is doing.


The problem is that right now the economy (way over inflated) is "great" because everyone is spending like drunken sailors. I've actually never seen anything like it. I'm guessing it's a couple of generations that absolutely do not care about tomorrow or their current finances
Posted by aggressor
Austin, TX
Member since Sep 2011
8796 posts
Posted on 12/24/23 at 10:50 am to
It's actually much more thought out than that.

Interest rates are dropping and will drop more next year which will juice the economy. They will ease some targeted regulations. O&G production is high and they will find some ways to increase it as well and take credit. The loons will be muffled.

They are prepping for the General and trying to take the crap economy off the table. They will hammer with stats that will support their narrative. Have to give the Dems credit, they know how to play the game and most people are too stupid to know they are being manipulated.

Most here are certainly easily manipulated. I mean how many Trump supporters here believe him when he says he will do things he didn't do before. How many think a guy with Caitlyn Jenner at his side will lead the fight to stop the Gender insanity in schools. How many think Trump had zero responsibility for the lockdowns or anything that happened during Covid.

Many of you call me a Ronbot and that's fine but I don't agree with everything he does either. These politicians and the media want you to be tribal. They want you to ignore the flaws in your loyalty to a candidate or party. Then they can use you.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11614 posts
Posted on 12/24/23 at 10:54 am to
It’s undefeated. The timing is always different but it’s as fool proof as you can get. The people pressuring Treasury rates down are fired if they take losses.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11614 posts
Posted on 12/24/23 at 10:55 am to
quote:

Interest rates are dropping and will drop more next year which will juice the economy


Treasury rates are dropping. That is not the same as corporate bond rates.
Posted by Paladin1
Dallas
Member since Oct 2019
113 posts
Posted on 12/24/23 at 10:56 am to
I am in the Tech space on a national scale!! Layoffs after layoffs to include the category’s that support the Tech space.. Companies being acquired because they don’t have the financial runway to get thru our national economic headwinds. Seems as bad as the 2008-2010 financial meltdown.

Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 12/24/23 at 11:00 am to
quote:

everyone is spending like drunken sailors.

But they’ve been doing this since Bill Clinton told Bush I, “It’s the economy, stupid.” and then told the American people to buy shite to grow the economy.

That’s right about the time we were inundated with cheap shite from China and NAFTA.

Spending like drunken sailors is just what we do now. We are now just consumers existing for the market, when it should be the other way around.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
81975 posts
Posted on 12/24/23 at 11:03 am to
food and energy and other goods are expensive.

it is ridiculous

but his unemployemnt is good! wonder how many of those jobs are government jobs and crap part time jobs like obama had.

his labor participation won't eclipse trumps
This post was edited on 12/24/23 at 11:05 am
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11614 posts
Posted on 12/24/23 at 11:05 am to
Basically all the marginal job creation this past year has been federal workers.
Posted by OceanMan
Member since Mar 2010
21383 posts
Posted on 12/24/23 at 11:07 am to
Our economy is very uncertain right now, anyone that tries to convince you otherwise is dumb.

A good economy is characterized by efficiency. We are not there
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
67984 posts
Posted on 12/24/23 at 11:07 am to
quote:

wonder how many of those jobs are government jobs and crap part time jobs like obama had.


And people no longer participating.
Posted by CMBears1259
Baton Rouge
Member since Sep 2005
4464 posts
Posted on 12/24/23 at 11:09 am to
quote:

This is why if you think and do and VOTE the exact opposite of what the MSM tells you, you will be right 95% of the time.

This has been my approach for almost 2 decades now and you’re spot on.

ETA: This is the exact reason I knew the Covid “pandemic” was largely a “scam-demic”.
This post was edited on 12/24/23 at 11:12 am
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 12/24/23 at 11:14 am to
Massive Gaslighting effort.



Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 12/24/23 at 11:18 am to
quote:

everyone is spending like drunken sailors.

But they’ve been doing this since Bill Clinton told Bush I, “It’s the economy, stupid.”


Theyre running out of credit this time.

quote:

The total U.S. consumer credit card debt has risen to an all-time high of $1.03 trillion in Q2 2023, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.

quote:

This debt amount is a drastic swing from just a few years ago when consumer protections and consumer spending changes during the pandemic led to a large drop in average credit card balances.


Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
7918 posts
Posted on 12/24/23 at 11:18 am to
"don't believe your lying eyes..."-Biden 11/10/21

I'll believe my wallet though.
Posted by aggressor
Austin, TX
Member since Sep 2011
8796 posts
Posted on 12/24/23 at 11:34 am to
quote:

quote:
Interest rates are dropping and will drop more next year which will juice the economy



Treasury rates are dropping. That is not the same as corporate bond rates.


The greater point is there are many levers the Fed and the Government can pull that will create almost instant growth in the economy so long as you don't care about long term consequences. It's like a shot of adrenaline or a snort of cocaine. All you need is a complicit bureaucracy and media to go with a public too uninformed to understand what is happening.
Posted by ItzMe1972
Member since Dec 2013
11401 posts
Posted on 12/24/23 at 11:41 am to
People will vote their pocketbooks.

I just wish we had fair elections.
Posted by redneck hippie
Stillwater
Member since Dec 2008
5992 posts
Posted on 12/24/23 at 11:45 am to
quote:

We are addicted to comfort.


I had a guy in my office last week explaining how the country has gone to hell and his reason was, “Americans are too happy”

Posted by Broke
AKA Buttercup
Member since Sep 2006
65267 posts
Posted on 12/24/23 at 11:46 am to
OK this is how I remember it. Every inverted yield curve doesn't spawn a recession. But every recession has been accompanied by an inverted curve. Technically it's an inaccurate statement but not by much.
This post was edited on 12/24/23 at 11:48 am
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