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re: Goldman Sachs believes the US economy will slow to a crawl next year
Posted on 11/19/18 at 3:07 pm to Northwestern tiger
Posted on 11/19/18 at 3:07 pm to Northwestern tiger
I would hope that our political leaders engage in policies that prevent recessions both in the short and long-term. I don't think anyone of any political persuasions actually gains from a recession.
I'd be thrilled with a good economy and Republican losses in 2020.
I'd be thrilled with a good economy and Republican losses in 2020.
1
Posted on 11/19/18 at 3:09 pm to Northwestern tiger
Edward Jones is predicting a recession to begin in June next year.
Last year, they also predicted a slowdown to hit in 2018. Obviously, they were wrong.
Last year, they also predicted a slowdown to hit in 2018. Obviously, they were wrong.
Posted on 11/19/18 at 3:16 pm to TBoy
quote:
tax cuts
quote:
government driven growth
Who knew that giving back the people there own money is government driven....
Posted on 11/19/18 at 3:31 pm to foshizzle
And you'll blame Trump. So what?
Posted on 11/19/18 at 4:04 pm to foshizzle
quote:
This is nothing. If stocks crash Trump will blame it on Congress and his Trumpkins will nod excitedly.
He would be correct.
Posted on 11/19/18 at 5:38 pm to roadGator
quote:
And you'll blame Trump.
Nope.
Posted on 11/19/18 at 6:10 pm to foshizzle
quote:
This is nothing. If stocks crash Trump will blame it on Congress and his Trumpkins will nod excitedly.
fricking vermin never do try to pass the blame do they?
Oh God why can't we have one of those paragons of virtue?
Posted on 11/19/18 at 7:10 pm to Vacherie Saint
quote:What anticipated Trump economic agenda for 2019 that would have been passed by a Republican house do you see as being potentially stymied by the Dem house?
Its not like the Trump economic agenda will be advanced in any way shape or fasion with a dem controlled House.
Posted on 11/19/18 at 7:14 pm to texridder
quote:
What anticipated Trump economic agenda for 2019 that would have been passed by a Republican house do you see as being potentially stymied by the Dem house?
Modifying NAFTA. Chances went from relatively slim to absolutely none.
Edit: ok, only Senate needed...
This post was edited on 11/19/18 at 7:27 pm
Posted on 11/19/18 at 7:28 pm to Smart Post
Then he does not renew it period. ...USMCA that is.
This chiken shite stuff about adding global warming and human rights to a trade deal is just that shite.
We can also just tack on tariffs til the other side complies with what we want, we already have free trade so it would not take an act of congress for Trump to get what he wants.
This country is crazy. Used to be, Ill make your life better, vote for me. The dems now say, Im gonna punish you til I get back in power, sounds like communism to me.
This chiken shite stuff about adding global warming and human rights to a trade deal is just that shite.
We can also just tack on tariffs til the other side complies with what we want, we already have free trade so it would not take an act of congress for Trump to get what he wants.
This country is crazy. Used to be, Ill make your life better, vote for me. The dems now say, Im gonna punish you til I get back in power, sounds like communism to me.
Posted on 11/19/18 at 11:19 pm to TBoy
quote:
Sounds reasonable. So much of the last few quarters has been tax cuts and stimulus. I've referred to that a "juicing" the economy to create government driven growth, and apparently Goldman agrees. Once the cash infusion works its way through the system, things go back down.
Are you talking about Trumps tax cuts or Obama's "Quantitative Easing"? You know the first put money back into peoples pocket so they could invest into their 401K or other investment tools or the second where the government just bought a bunch of stocks to enrich the fat cats that Dem's supposedly hate. Please give me more info and enlightenment.
Posted on 11/19/18 at 11:22 pm to Northwestern tiger
The Dems will torpedo the economy...and then blame it on Trump. It's a forgone conclusion.....just watch.....
Posted on 11/20/18 at 5:22 am to Northwestern tiger
Nobody can do long term planning now because the midterms showed that policies even more idiotic and leftist might come back after the next election
Posted on 11/20/18 at 6:29 am to Ralph_Wiggum
This Goldman Sachs?
Fortune
How any respectable outlet gives this outfit any benefit of the doubt is beyond logical reasoning.
Fortune
quote:
Goldman Sachs Finally Admits it Defrauded Investors During the Financial Crisis
quote:
Investment banking giant Goldman Sachs (GS, -1.95%) has agreed to a list of “facts” in addition to paying $5.1 billion to settle a lawsuit related to its handling of mortgage-backed securities leading up to the 2007 financial crisis, the U.S. Department of Justice announced Monday.
quote:
From 2005 to 2007, Goldman issued and underwrote many mortgages and securities that had been backed by residential loans borrowed by consumers with shoddy credit ratings. That helped tip the economy into recession after the housing bubble burst in 2007, leading to a tsunami of foreclosures and delinquencies. That caused billions of dollars in losses for investors. The settlement mentioned mortgage loans that had been originated by Countrywide, Fremont, and others. Countrywide was bought by Bank of America is early 2008. Fremont is no longer in business.
quote:
“This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart F. Delery in a statement.
How any respectable outlet gives this outfit any benefit of the doubt is beyond logical reasoning.
Posted on 11/20/18 at 6:36 am to CleverUserName
quote:
How any respectable outlet gives this outfit any benefit of the doubt is beyond logical reasoning.
do you allege that those 2019 forecast numbers were created with intend to defraud as well? how far off would you say their numbers for next year are?
Posted on 11/20/18 at 7:02 am to texridder
quote:
What anticipated Trump economic agenda for 2019 that would have been passed by a Republican house do you see as being potentially stymied by the Dem house?
Less regulation and government intervention.
Posted on 11/20/18 at 7:04 am to 90proofprofessional
quote:
do you allege that those 2019 forecast numbers were created with intend to defraud as well? how far off would you say their numbers for next year are?
Doubt it’s an intent to defraud. However, there seems to be lots of subjective criteria in the analysts prediction. Wouldn’t you agree?
Posted on 11/20/18 at 7:19 am to 90proofprofessional
quote:
do you allege that those 2019 forecast numbers were created with intend to defraud as well? how far off would you say their numbers for next year are?
I would “allege” that this firm has been wrong about pretty much every prediction of a Trump economy and was a major player in the housing crisis.
It wasn’t to defraud, like they are guilty of in the past, but they are and have been sketchy at every turn. Also, they were bailed out to continue doing so.
Their first two quarters may not be too far off, their 3rd and 4th quarter rates will be low. Unless... unless the house begins a full fledged “resist” movement and basically drag down the economy.
Posted on 11/20/18 at 7:31 am to upgrayedd
quote:
Apparently, much of the commercial construction/real estate industry knows this is coming
Interest rate hike? It will take a while for the developers to understand that passing along the interest rate increases in the cost of homes will deter selling of homes, with the already very high construction costs. The reason they've been able to get away with high construction costs right now is partly due to low interest.
It will correct itself out, but may take a few years. FWIW, i still think Goldman Sachs is full of shite, unless they are factoring in obstructionism from the left.
Posted on 11/20/18 at 7:35 am to Northwestern tiger
Sure it will. The Deep State has to condition the country to defeat Donald Trump in 2020.
So Barack Hussein Obama can throw a reporter out of his news conference? Donald Trump can't. Barack Hussein Obama can destroy our economy, but Donald Trump cannot be allowed to revive it.
I suppose it was too good to be true. After all Steelworkers were going back to work as well as our Coalminers. Manufacturing was making a comeback in the country. The economy was beginning to rage. Our Oil & Gas Industry had achieved the unbelieveble. Catapulted America as the leading producer of O&G in the world.
Now all that is in jeopardy. Done in by an electorate that traded prosperity for free bread and free birth control pills.
So Barack Hussein Obama can throw a reporter out of his news conference? Donald Trump can't. Barack Hussein Obama can destroy our economy, but Donald Trump cannot be allowed to revive it.
I suppose it was too good to be true. After all Steelworkers were going back to work as well as our Coalminers. Manufacturing was making a comeback in the country. The economy was beginning to rage. Our Oil & Gas Industry had achieved the unbelieveble. Catapulted America as the leading producer of O&G in the world.
Now all that is in jeopardy. Done in by an electorate that traded prosperity for free bread and free birth control pills.
This post was edited on 11/20/18 at 7:39 am
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