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The one good thing about the recession is ______.

Posted on 5/14/22 at 6:44 am
Posted by dualed
Member since Sep 2010
4689 posts
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 by jamiegla1
Member since Aug 2016
6950 posts
Posted on 5/14/22 at 6:48 am to
great time to buy stocks
Posted by Grim
Member since Dec 2013
12302 posts
Posted on 5/14/22 at 6:57 am to
You're a sad person.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
34937 posts
Posted on 5/14/22 at 7:15 am to
quote:

The one good thing about the recession is ______.


Increase in quality and quantity of OF accounts.
Posted by SECdragonmaster
Order of the Dragons
Member since Dec 2013
16168 posts
Posted on 5/14/22 at 7:25 am to
quote:

Increase in quality and quantity of OF accounts.


Posted by ItNeverRains
37069
Member since Oct 2007
25385 posts
Posted on 5/14/22 at 7:28 am to
Food riots in major metro areas this summer will be awesome.
Posted by cajuntiger1010
Member since Jan 2015
9202 posts
Posted on 5/14/22 at 7:35 am to
It dooms any Chance Xiden has
Posted by FreeWillie
Alabama
Member since Oct 2013
589 posts
Posted on 5/14/22 at 7:37 am to
You're a woke religious zealot who would no doubt blow yourself up in a Winn Dixie.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26774 posts
Posted on 5/14/22 at 7:40 am to
quote:

It will hit the liberals the hardest

Nope.

They want everyone equally miserable.
Posted by Penrod
Member since Jan 2011
39085 posts
Posted on 5/14/22 at 7:46 am to
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.
Posted by omegaman66
greenwell springs
Member since Oct 2007
22770 posts
Posted on 5/14/22 at 7:50 am to
quote:

It dooms any Chance Xiden has


Biden isn't going to be the nominee and votes don't matter.
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 5/14/22 at 8:11 am to
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 by HeadSlash
TEAM LIVE BADASS - St. GEORGE
Member since Aug 2006
49492 posts
Posted on 5/14/22 at 8:41 am to
quote:

The one good thing about the recession is
it's been great for my business.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11066 posts
Posted on 5/14/22 at 8:44 am to
quote:

Had the Fed been quicker to see this problem develop


What overnight lending rate extracts the most oil?
Posted by Nosevens
Member since Apr 2019
10225 posts
Posted on 5/14/22 at 8:59 am to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11066 posts
Posted on 5/14/22 at 9:26 am to
Cringe level: 10
Posted by Iron Lion
North of the river
Member since Nov 2014
11800 posts
Posted on 5/14/22 at 9:27 am to
quote:

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.
100% agree
Posted by WinnPtiger
Fort Worth
Member since Mar 2011
23862 posts
Posted on 5/14/22 at 9:29 am to
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 by Diamondawg
Mississippi
Member since Oct 2006
32196 posts
Posted on 5/14/22 at 9:31 am to
quote:

great time to buy stocks

too soon. There are more adjustments on its way.
Posted by Diamondawg
Mississippi
Member since Oct 2006
32196 posts
Posted on 5/14/22 at 9:35 am to
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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