So in one day, we go from “strong economy” to imminent recession?

“Muh recession” is going to be the new “Muh collusion.”

Upvote.


And I've been meaning to tell you that the new Avi is glorious!

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I've been told the stock market taking a nose dive was a good thing because now it will help form an economy that's good for everyone, not just the 1%

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Years ago it was called profit taking.

People bought stocks.
Stock prices went up.
People sell stocks at higher prices and price drops
People buy same stock back taking advantage of the people who sold and went in a different direction.

This is actually one of your better thread ideas, because there is NO WAY that this sudden chorus of "The Recession is Coming!" is anything other than a coordinated effort by the media and, perhaps, other entities to signal major distress over the economy in general, and pocketbook issues on a micro level. This development has "4 AM Talking Points" written all over it.

My biggest concern is 3-fold:

1) It's an artificial, yet perhaps powerful effort.

2) OBVIOUSLY, the end-goal is to submarine President Trump's reelection prospects.

3) Who's to say it won't work? This President has pissed off everybody from the Deep State to China. Any "who-dun-it" regarding Donald Trump would have to include a whole lot of powerful people.

I'll just end by saying this; Sissy Boy Shep Smith didn't just wake up this morning and decide that America was headed for a Recession. Dude was TOLD that this was his talking point.

PS - KCT's Prediction - They won't get him this time, either.

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So in one day, we go from “strong economy” to imminent recession?

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Furthermore, wages have been flat despite

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Nope. Average wages have increased more since Trump was elected than in the entire 8 years Obama was in office.

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The market is due for a correction.

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What's the deadline for recessions.

As I've posted before, this board has predicted 23 out of the last 2 recessions.

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3) Who's to say it won't work? This President has pissed off everybody from the Deep State to China. Any "who-dun-it" regarding Donald Trump would have to include a whole lot of powerful people.

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They accomplish two of their goals in one stroke: 1) continue the fight against the Bad Orange Man, 2) distract from their assassination of Epstein.

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Actually, you haven't been paying attention. The weakening is why Trump pushed so hard for a Fed rate cut last month. It is also why he has delayed additional tariffs. The signs have been coming pretty clearly, but it's apparent you haven't been receptive to seeing them.

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Wrong.

The Fed actually did raise rates at the same time they were doing Quantitative Tightening and while we were trying to muscle other countries with tariffs in an attempt to balance out trade disparities, and that's just stupid and wildly counter productive to the economy where there's very little actual inflation.

I mean how the frick are there "signs" when you've had quarter over quarter of GDP growth well above recession levels for 8 straight quarters, job participation is at it's highest point in decades, unemployment is at is lowest in forever, millions have gone off government dependence, corporations have dropped leverage levels to lowest in decades, inversions have stopped and more companies are coming than going, we became the leading exporter of energy in the world, manufacturing is at it's highest in decades, consumer and business confidence is at all-time highs, the middle class is finally growing again, and wages are up 4.0% for the first 2 quarters and were up 3.4% overall for 2018?

You are full of shite, as usual.

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Furthermore, wages have been flat despite increased employment.

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Why do you dipshit Lefties keep saying this?

This is false. Wages are up 4.0% for 2019 after being up 3.4% for 2018.

ADP Workforce Report

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1. Year-over-year wage growth accelerated to 4% to close the second quarter of 2019, which marks an uptick from the 3.4% growth to end 2018. More broadly, wage growth has averaged 3.7% so far in 2019 compared with a 2.8% average in 2018 and is consistent with a tightening labor market.
2. After picking up to start the year, employment growth has undergone an expected moderation in the second quarter as the expansion has now become the longest in U.S. history. This trend will persist as firms find it increasingly difficult to find and hire qualified workers.
3. Job holders, job switchers, and entrants are each experiencing average wage growth of 5% or better on an individual basis, confirming that overall wage growth is facing headwinds due to compositional changes in the labor market. As the labor market churns every month, if new entrants to the workforce have lower average wages than the workers who are exiting, it weighs on overall average wages.

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And they're even way up compared to inflation rates LINK

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2018: 2.1 | 2.2 | 2.4 | 2.5 | 2.8 | 2.9 | 2.9 | 2.7 | 2.3 | 2.5 | 2.2 | 1.9 | 2.4
2019: 1.6 | 1.5 | 1.9 | 2.0 | 1.8 | 1.6 | 1.8

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Nobody has a clue when we’ll finally get a recession. If I had a dollar for every time some jackass “expert” had predicted a recession since the last time we actually had a recession I’d be loaded. Still not as much money as I’d have if I invested my net worth in the S&P the last time we had a recession. Point is, fortunes have been made on days like today being nothing more than a bump in the road. Maybe it’s more than that this time but the experts sure as hell don’t know.