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U.S. Economy Upgraded today. SO SORRY IB

Posted on 8/15/19 at 8:39 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
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.


Posted by JackieTreehorn
Malibu
Member since Sep 2013
29097 posts
Posted on 8/15/19 at 8:40 pm to
Well....hell I guess it’s back to white supremacy.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69306 posts
Posted on 8/15/19 at 8:41 pm to
IB freeman after today’s positive data:


Posted by RTM4
Pflugerville
Member since Apr 2018
1515 posts
Posted on 8/15/19 at 8:41 pm to



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 by Pussykat
South Louisiana
Member since Oct 2016
3889 posts
Posted on 8/15/19 at 8:42 pm to
Nothing sticks for them LOL
Posted by jimmy the leg
Member since Aug 2007
34162 posts
Posted on 8/15/19 at 8:44 pm to
Give him two weeks. He will be back to flood the board with his usual doom and gloom.

Unfortunately, I am not joking.
Posted by KingOrange
Mayfair
Member since Aug 2018
8686 posts
Posted on 8/15/19 at 8:45 pm to
Muh yield Curv
Posted by Scruffy
Kansas City
Member since Jul 2011
72128 posts
Posted on 8/15/19 at 8:52 pm to
quote:


This is I BE A Chinaman right now.

I like him as a poster, but he is the most negative person when it comes to anything economy related.

I really am starting to wonder if his business interests hinge heavily on China.
Posted by Dead End
Baton Rouge
Member since Aug 2013
21237 posts
Posted on 8/15/19 at 9:20 pm to
He's waiting on China to tell him what to say.
Posted by roadGator
Member since Feb 2009
140539 posts
Posted on 8/15/19 at 9:21 pm to
IB laughing
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 8/15/19 at 9:26 pm to
Forbes had a good article about the general state of the US economy

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 by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 8/15/19 at 10:14 pm to
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?
This post was edited on 8/15/19 at 10:16 pm
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