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The one good thing about the recession is ______.
Posted on 5/14/22 at 6:44 am
Posted on 5/14/22 at 6:44 am
It will hit the liberals the hardest. And it’s naive to think their lives will be crushed so hard that they’ll turn red. Because then they’ll just be even more dependent on the handouts. But frick them anyways. I want them all to suffer. Call me a douchebag. I don’t care. If you voted for Biden then you’re dead to me and I hope your life gets harder as a result of your actions. Let this be an expensive lesson for you.
Posted on 5/14/22 at 7:15 am to dualed
quote:
The one good thing about the recession is ______.
Increase in quality and quantity of OF accounts.
Posted on 5/14/22 at 7:25 am to OysterPoBoy
quote:
Increase in quality and quantity of OF accounts.
Posted on 5/14/22 at 7:28 am to dualed
Food riots in major metro areas this summer will be awesome.
Posted on 5/14/22 at 7:35 am to dualed
It dooms any Chance Xiden has
Posted on 5/14/22 at 7:37 am to Grim
You're a woke religious zealot who would no doubt blow yourself up in a Winn Dixie.
Posted on 5/14/22 at 7:40 am to dualed
quote:
It will hit the liberals the hardest
Nope.
They want everyone equally miserable.
Posted on 5/14/22 at 7:46 am to dualed
It will be an unpopular opinion, but I doubt there will be much of a recession. Normally inflation has been the result of overstimulation, and there is no doubt that the idiot Biden administration overstimulated. Overstimulation usually causes the economy to grow too fast. This leads to low unemployment and workers having more leverage. Salaries increase causing goods and service prices to increase and there’s your inflation.
This inflation is primarily due to supply chain disruptions causing a drop in supply. Yeah, Biden paid workers to not work, and that made it worse. To wring out inflation, the Fed will raise interest rates and slow the economy until the supply chain catches up. If they are too light on the controls they will prolong the inflation until it becomes embedded. If they are too heavy they will push us into a recession that will become entrenched. The trick is to find that middle ground, and I don’t think that’s terribly difficult.
Goldman Sachs is setting the odds at 35% chance of a recession, and they are the most bearish of the big banks. I’m with them, except I think there is a 35% chance of a deep, or pronounced, recession. I believe we will probably have a “by definition” recession, which is a decline in GDP for at least two successive quarters. But I doubt we have a serious one.
Had the Fed been quicker to see this problem develop, and had Biden not been a fool by too extensive locking down and lavishing stimulus money on bums, we would have skated right by this. As it is, I predict a close call but not a deep recession. I think it will be two and a half more years of sputtering. Maybe the perfect amount to complete a red wave in the 2024 elections.
This inflation is primarily due to supply chain disruptions causing a drop in supply. Yeah, Biden paid workers to not work, and that made it worse. To wring out inflation, the Fed will raise interest rates and slow the economy until the supply chain catches up. If they are too light on the controls they will prolong the inflation until it becomes embedded. If they are too heavy they will push us into a recession that will become entrenched. The trick is to find that middle ground, and I don’t think that’s terribly difficult.
Goldman Sachs is setting the odds at 35% chance of a recession, and they are the most bearish of the big banks. I’m with them, except I think there is a 35% chance of a deep, or pronounced, recession. I believe we will probably have a “by definition” recession, which is a decline in GDP for at least two successive quarters. But I doubt we have a serious one.
Had the Fed been quicker to see this problem develop, and had Biden not been a fool by too extensive locking down and lavishing stimulus money on bums, we would have skated right by this. As it is, I predict a close call but not a deep recession. I think it will be two and a half more years of sputtering. Maybe the perfect amount to complete a red wave in the 2024 elections.
Posted on 5/14/22 at 7:50 am to cajuntiger1010
quote:
It dooms any Chance Xiden has
Biden isn't going to be the nominee and votes don't matter.
Posted on 5/14/22 at 8:11 am to Penrod
You obviously missed the 1970’s. We had significant inflation and recession most of the decade. Unemployment was high in the later years as well.
Posted on 5/14/22 at 8:41 am to dualed
quote:it's been great for my business.
The one good thing about the recession is
Posted on 5/14/22 at 8:44 am to Penrod
quote:
Had the Fed been quicker to see this problem develop
What overnight lending rate extracts the most oil?
Posted on 5/14/22 at 8:59 am to Penrod
First off The Fed has never been right, not once . They have underperformed every time in raising interest rates or lowering them . They literally have caused this issue as well as the ones since they have been a ln entity . They are a political arm with a political policy that has exacerbated the lower and middle classes lives by helping to funnel money away from them . They have pumped interest free money to the top of the chain since the beginning. They now want to have equity along with more control on how we spend our lives and money. I say that the very next true conservative leadership should destroy this creation
Posted on 5/14/22 at 9:27 am to dualed
quote:100% agree
I want them all to suffer. Call me a douchebag. I don’t care. If you voted for Biden then you’re dead to me and I hope your life gets harder as a result of your actions. Let this be an expensive lesson for you.
Posted on 5/14/22 at 9:29 am to Penrod
quote:
This inflation is primarily due to supply chain disruptions causing a drop in supply.
no, it’s not AggieHank. we’ve printed 90% of all dollars ever made in the last 24 months. that’s why. period. full stop.
Posted on 5/14/22 at 9:31 am to jamiegla1
quote:too soon. There are more adjustments on its way.
great time to buy stocks
Posted on 5/14/22 at 9:35 am to dualed
Recession is tied to the GDP. Is there anyway for this lying, cheating administration to manipulate the GDP to show growth when it's really shrinking? They are certainly doing some gymnastics with the inflation numbers.
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