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

Posted on 12/24/23 at 4:34 pm to
Posted by Tactical1
Denham Springs
Member since May 2010
27120 posts
Posted on 12/24/23 at 4:34 pm to
quote:

Go to the grocery store. Try to buy a car. Try to buy a house. Try to go on a vacation.


Did all of that this year. It’s not as difficult as you are pretending.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130835 posts
Posted on 12/24/23 at 4:37 pm to
quote:

Other than the Dow
and S&P? Those are pretty big economic "other thans." Dow/S&P are pretty solid economic measures. One could argue importance of the Russell, but I suspect it will come along 2024Q1 as well. Technical economic indicators are not driving perception. Higher prices are.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130835 posts
Posted on 12/24/23 at 4:41 pm to
quote:

Did all of that this year.
Good for you.
quote:

It’s not as difficult as you are pretending.
That is not something you know, at all. "Difficulty" is inversely proportionate to disposable income.
Posted by crewdepoo
Hogwarts
Member since Jan 2015
10480 posts
Posted on 12/24/23 at 5:06 pm to
quote:

The part where a 3 tender box from Canes is 27 dollars, 37 if you get a drink.
there are cheaper ways to kill your self than mainling cane sauce.
Posted by TDTOM
Member since Jan 2021
20893 posts
Posted on 12/24/23 at 5:09 pm to
quote:

there are cheaper ways to kill your self than mainling cane sauce.


.....and yet, here you are.
Posted by GBPackTigers
Louisiana
Member since Sep 2009
1440 posts
Posted on 12/24/23 at 5:25 pm to
Imagine being so objectively dishonest it makes you stump for the Biden Regime just because they have a D next to their name just as you do.

That’s why this country is cratering. Dems will literally defend there side until it puts them in the grave.
Posted by Sixafan
Member since Aug 2023
947 posts
Posted on 12/24/23 at 5:32 pm to
Hunger Games 2023 USA
Posted by crewdepoo
Hogwarts
Member since Jan 2015
10480 posts
Posted on 12/24/23 at 5:32 pm to
quote:

Imagine being so objectively dishonest it makes you stump for the Biden Regime just because they have a D next to their name just as you do
what have I been dishonest about?
Posted by Rebel
Graceland
Member since Jan 2005
137919 posts
Posted on 12/24/23 at 7:54 pm to
I believe the market is artificially inflated right now.

If the Fed doesn’t cut rates and earrings calls miss, there will be a huge correction.

Buffet just sold a lot of stock. He is not one to sell if the market is going to rise.
Posted by Rip Torn
Member since Mar 2020
3356 posts
Posted on 12/24/23 at 8:30 pm to
Imagine being this naive
Posted by loogaroo
Welsh
Member since Dec 2005
36162 posts
Posted on 12/24/23 at 9:25 pm to
quote:

Buffet just sold a lot of stock. He is not one to sell if the market is going to rise.


A huge amount of stock.
Posted by loogaroo
Welsh
Member since Dec 2005
36162 posts
Posted on 12/24/23 at 9:29 pm to
quote:

In your opinion what part of today's U.S. economy is bad?


Young families starting out can’t buy a house. That’s a pretty big deal.
Posted by LSURussian
Member since Feb 2005
130745 posts
Posted on 12/24/23 at 11:04 pm to
quote:

In your opinion what part of today's U.S. economy is bad?


Young families starting out can’t buy a house. That’s a pretty big deal.
How is that attributable to a bad econonmy? That sounds more like a housing shortage.
Posted by llfshoals
Member since Nov 2010
19230 posts
Posted on 12/24/23 at 11:06 pm to
quote:

Try to buy a house.
Put 3 under contract this week…
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28187 posts
Posted on 12/24/23 at 11:53 pm to
No softer landing can be seen right now than going to Commander’s Palace for lunch with your wife and walking out $350 dollars lighter.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55417 posts
Posted on 12/25/23 at 2:04 am to
quote:

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.


The Federal Reserve disagrees.

quote:

We look specifically at the difference in yield between Treasuries maturing in one year and those maturing in 10 years. Using that definition, every U.S. recession during the past 60 years has been preceded by a yield-curve inversion, and every significant, sustained inversion but one has been followed by a recession (Chart 1). In the single exception, during the mid-1960s, the economy’s growth slowed sharply, but fiscal stimulus prevented a downturn.




When comparing the 10-year to the 1-year, there was one inversion (the mid-60s) that did not result in a recession and that is specifically caveated as not happening due to stimulus spending. Comparing the 10-year to the 2-year, every single recession (since the 2-year first came online in the early-mid 70s) has been preceded by an inversion. What we've also seen is that the recession usually happens within 6-12 months after the rates revert or nearly revert.



This is also true when we compare the 10-year to the 3-month.

While nothing is perfect, the yield curve inversion is about as accurate a predictor of an upcoming recession as there is.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55417 posts
Posted on 12/25/23 at 2:11 am to
quote:

quote:

The inverted yield curve disagrees. Strongly. (and it has a perfect record in predicting recessions) This landing will be about as soft as inflation was transitory.


ok. You must be an expert.


No, I'm just not a mindless simp.

Feel free to bookmark this post so you can come back to it in a year.
Posted by lsuson
Metairie
Member since Oct 2013
13792 posts
Posted on 12/25/23 at 5:50 am to
Nope.
Posted by Gifman
Member since Jan 2021
14803 posts
Posted on 12/25/23 at 6:26 am to
quote:

Put 3 under contract this week…


Talk about taking things too literally
Posted by Statestreet
Gueydan
Member since Sep 2008
13769 posts
Posted on 12/25/23 at 7:16 am to
quote:

crewdepoo


She’s always all-in and always wrong. It’s science.
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