Many U.S. Financial Officers Think a Recession Will Hit Next Year

Discussion in 'Politics, Religion, Social Issues' started by jkcerda, Dec 13, 2018.

  1. jkcerda macrumors 6502a

    jkcerda

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    #1
    https://www.wsj.com/articles/many-u...ssion-will-hit-next-year-11544612460?mod=e2fb
    everything that goes up has to come down, does not help if our GOVT keeps spending like morons and yes this recession will be on trump just like the current good times are.
     
  2. Eraserhead macrumors G4

    Eraserhead

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  3. Solver macrumors 6502a

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    #3
    When the recession hits, we will know about it six months later.
     
  4. Huntn, Dec 13, 2018
    Last edited: Dec 14, 2018

    Huntn macrumors demi-god

    Huntn

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    #4
    There is a huge stock market bubble brought on by Supreme Leader, and anti-regulation ferver. It won’t take much to pop it. When the depression hits, the government will print money to correct it, spiraling us farther down into debt. Just keep telling yourself, debt is good, that is until they reposes our nation. And remember it was the Republican Party who has been undoing the protective laws to keep this kind of thing from happening after the last time. :(
     
  5. hulugu macrumors 68000

    hulugu

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    #5
    I've been saying this for a while, the current boom was unsustainable because the structural problems are still there, and I suspect that the tax bill exacerbated this by driving up deficits.
     
  6. jkcerda thread starter macrumors 6502a

    jkcerda

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    #6
    lets not forget the last clown added 9 trillion to the debt.......trump is spending about the same per year as obama.
     
  7. Solver macrumors 6502a

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    #7
    There has not been much fiscal responsibility from either the left or right when it comes to the national debt.
     
  8. jkcerda thread starter macrumors 6502a

    jkcerda

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    #8
    Bush JR got them used to it and killed all the fiscal conservatives :(
     
  9. mgguy macrumors 6502

    mgguy

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    #9
  10. jkcerda thread starter macrumors 6502a

    jkcerda

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    #10
    try opening it up incognito.........
     
  11. ericgtr12 macrumors 65816

    ericgtr12

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    #11
    Can't wait for Fox News to blame Obama, after all it didn't stop them from blaming him 2 years before he even took office.
     
  12. Huntn, Dec 13, 2018
    Last edited: Dec 14, 2018

    Huntn macrumors demi-god

    Huntn

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    #12
    You lack historical perspective. Reagan got the debt ball rolling, you know the fiscally responsible GOP. :rolleyes::rolleyes::rolleyes:
    Obama was recovering from a Republican Administration, yet if considering just debt, check the chart. The analysis in this article is inaccurate for Reagan, he is directly responsible for ballooning the National debt, by cutting taxes, but not cutting spending. The beginning of Starve The Beast*.

    *a strategy to kill social programs, motivated by greed.

    Yes, This Chart Showing That Most Debt Growth Came Under Republican Presidents Is Accurate, But...
    https://www.businessinsider.com/who-increased-the-debt-2012-9

    00204A59-CF2B-4076-989C-1F929626E3A4.jpeg
     
  13. jkcerda thread starter macrumors 6502a

    jkcerda

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    #13
    try reading the rest of the article you posted..........congress is ALSO to blame, but the buck obviously stops at the top.....
     
  14. NT1440 macrumors G5

    NT1440

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    #14
    Here's what I don't get. We just accept a worldwide financial system that is expected to crash ever 7-10 years or so. Every time it happens the wealthy swoop in a scoop up assets and houses that the rest of us have been kicked out of.

    Then we are told that this is the best system ever, nothing about it should ever be changed. Why do we accept that a system that for decades has only caused a small slice of the population to accumulate absurd wealth while inflicting pain and misery on hundreds of millions worldwide is the only/right way to operate?
     
  15. Huntn macrumors demi-god

    Huntn

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    #15
    I read it all dude. I posted it. You mentioned debt. As the framework of your original statement, I countered your debt criticism of Obama.

    I’ve pointed out that Reagan cut taxes, without before securing spending cuts. Followed by W who got us into a trillion dollar boondoggle ((Iraq) and helped destabilize the Middle East. Now Supreme Leader. You see the trend here, yet you and the conservative forum contingent see fit to rip Democrats. From a logic standpoint, you don’t have much logic to back you up your critiques.

    Again it is easily argued Reagan is the is beginning of Starve The Beast, willfully creating debt to then argue we need to cut social programs, yet the debt remains and spirals upward as we spiral down as a society and a nation.
     
  16. jkcerda thread starter macrumors 6502a

    jkcerda

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    #16
    see post 8. I am aware fiscal conservatives are gone, you extended it to Reagan... we should end the stupid wars BEFORE we stick it to social programs.
     
  17. Huntn, Dec 13, 2018
    Last edited: Dec 14, 2018

    Huntn macrumors demi-god

    Huntn

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    #17
    Yet most of your critiques in this forum are leveled at Democrats and liberals. Your Cancelled Presidemtial Xmas Party thread was a good opportunity to critique Trump and one of his multitude of failures, but instead you felt better to attack the press. This is the press that is calling out and holding accountable the President, who the corrupt GOP has officially given a pass too.

    I admit, the press as a whole, probably wants nothing to do with this President. What Trump has done with the free press is what budding dictators do on their rise to power, kill the independent, questioning voices, that call out their misdeeds if they can. Without the Press, arguably, Nixon might not have been taken down.
     
  18. VulchR macrumors 68020

    VulchR

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    #18
    IMO a combination of stupidity, gullibility, greed and ignorance. Perhaps we'll have to experience outright depression and world war again before checks on capitalism's worst excesses are put back in place.
     
  19. NT1440 macrumors G5

    NT1440

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    #19
    I think it's fair to criticize those pretending to hold power to account rather than those who are brazenly monstrous (GOP).
    --- Post Merged, Dec 13, 2018 ---
    A world war will surely be the distraction used to keep us from focusing on the international plutocracy that will benefit from it. Just like the last two (not saying the wars were a farce, but they thoroughly imbedded a new class into power as a result).
     
  20. Huntn macrumors demi-god

    Huntn

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    #20
    Some of this boils down to what the individual believes, reality vs fantasy. For Trump, the blood hounds are on the trail of the fox, but this is no poor innocent fox as has been historically documented and adequately reported.
     
  21. Raid macrumors 68020

    Raid

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    #21
    Um technically this is about right, only because it takes time to gather all the data. But the leading indicators (and the writing on the wall) point to a down turn.
     
  22. NT1440 macrumors G5

    NT1440

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    #22
    Sure.

    None of this ignores the fact that if we didn't have a two tiered justice system (Trump should have been in jail decades ago for his well documented crimes, including being in bed with the Mafia in NY), a media apparatus that in chasing ratings propelled Trump to the top explicitly, and a candidate running against him who explicitly chose to lift up Trump in a "pied piper" strategy, we wouldn't be in this mess right now. We'd be in a different mess, but not one of this ludicrous caliber.

    Everyone failed, everyone. Trump is the natural conclusion of 40 years of lies, distortions, and outright illegal behavior of our entire system which doesn't hold one particular class to account, ever.
     
  23. yaxomoxay macrumors 68040

    yaxomoxay

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    #23
    Yeah, because they always get it right :)
    Very possible, but seriously no one really knows. Maybe next year China will become the 51st state), who really knows?
     
  24. Dmunjal macrumors 65816

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    #24
    The stock market bubble was created two years ago due to tax cuts and deregulation?

    And not by 8 years of zero interest rates and $4T of QE?

    I think you don't understand how the stock market works.
     
  25. NT1440 macrumors G5

    NT1440

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    #25
    We gave away a lot more than that.

    Trumps policies are the gasoline dumped on the tinder pile, but he sure as hell didn’t build that pile. Now we wait for the spark and watch the upcoming recession be far worse than the last.

    I know you have a different economic worldview than I do, but we’ve been playing this same cyclical game since at least the 80’s (when a definitional change in Reagan’s Administration allowed companies to classify pensions, 401K, and healthcare policies as ASSETS instead of the liabilities they truly are) when we starting allowing companies to gamble on Wall Street with OUR future retirements.

    We never learn a god damn thing, regardless of the millions of lives shattered.
     

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63 December 13, 2018