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Started By
Message
U.S. Economy Upgraded today. SO SORRY IB
Posted on 8/15/19 at 8:39 pm
Posted on 8/15/19 at 8:39 pm
Just one day after the yield curve inverted, stoking fears that the U.S. economy could be approaching a recession, a huge batch of economic data sent economists scrambling to raise their forecasts for U.S. growth.
LINK
Lmao!!.....
Look, recessions are part of the economy. Nothing new. So your tireless sky is falling will be correct someday.... but not today.
LINK
Lmao!!.....
Look, recessions are part of the economy. Nothing new. So your tireless sky is falling will be correct someday.... but not today.
Posted on 8/15/19 at 8:40 pm to Jjdoc
Well....hell I guess it’s back to white supremacy.
Posted on 8/15/19 at 8:41 pm to Jjdoc
IB freeman after today’s positive data:
Posted on 8/15/19 at 8:41 pm to Jjdoc
This is I BE A Chinaman right now.
Only total losers would be hoping for a economic downturn or collapse. Those are the people we do not need breathing any more air and wasting natural resources on.
Posted on 8/15/19 at 8:42 pm to JackieTreehorn
Nothing sticks for them LOL
Posted on 8/15/19 at 8:44 pm to Jjdoc
Give him two weeks. He will be back to flood the board with his usual doom and gloom.
Unfortunately, I am not joking.
Unfortunately, I am not joking.
Posted on 8/15/19 at 8:52 pm to RTM4
quote:I like him as a poster, but he is the most negative person when it comes to anything economy related.
This is I BE A Chinaman right now.
I really am starting to wonder if his business interests hinge heavily on China.
Posted on 8/15/19 at 9:20 pm to Jjdoc
He's waiting on China to tell him what to say.
Posted on 8/15/19 at 9:26 pm to Jjdoc
Forbes had a good article about the general state of the US economy
LINK
The forecast isn't great across the board, but there's no evidence that we're headed for a recession.
LINK
quote:
The challenge is that we don’t have many recessions, so our sample size is small. And a lot is changing in the structure of the economy, so what might have been an informative relationship in the past may now be unimportant. Analysts looking at the yield curve have noted that financial markets are more globalized, and Europe has negative interest rates. Also, the yield on the 30-year treasury remains pretty high, even though the 10-year is low. So we cannot say for sure that we are going to have a recession based on the yield curve.
What’s the action plan based on this information? Don’t assume the doom and gloom side is right. More often it’s wrong. But develop a contingency plan. If we see consumer spending drop off, it will be time to conserve cash and prepare for a downturn.
The forecast isn't great across the board, but there's no evidence that we're headed for a recession.
Posted on 8/15/19 at 10:14 pm to Pecker
I don't pretend to be an inverted yield expert like apparently millions of Americans as of yesterday, but I did hear that there was no inverted yield curve in 2008.
So basically, the inverted yield curve = recession has been irrelevant since the early 90s, or 25+ years?
Is that accurate?
ETA: I forgot about the dot com recession, I'll assume the inverted yield curve rule was in effect, so 18+ years it has been irrelevant?
So basically, the inverted yield curve = recession has been irrelevant since the early 90s, or 25+ years?
Is that accurate?
ETA: I forgot about the dot com recession, I'll assume the inverted yield curve rule was in effect, so 18+ years it has been irrelevant?
This post was edited on 8/15/19 at 10:16 pm
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