Sanrith Descartes
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50/50 odds the market closes green today as people start factoring in rate cuts because... "recession".
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Jysin
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Zog
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Based on the bids from the days low i would say smart people were waiting for it.
Still probably a better time to buy to come, the surge in consumption for 4th of July is a temporary surge and will obviously push up inflation #s but that should put a big dent in any "excess savings" Americans have
.
Collectively politicians made a decision we weren't going to have a recession in march 2020. We either have it now or we make the bubble even bigger.
A market rally now would make so many people ridiculous amounts of money, i can't see how it would be good long term to reverse course.
Still probably a better time to buy to come, the surge in consumption for 4th of July is a temporary surge and will obviously push up inflation #s but that should put a big dent in any "excess savings" Americans have
.Collectively politicians made a decision we weren't going to have a recession in march 2020. We either have it now or we make the bubble even bigger.
A market rally now would make so many people ridiculous amounts of money, i can't see how it would be good long term to reverse course.
Gravel
Mr. Poopybutthole
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My response wasn't for you necessarily, outside of saying that yes we're in fact in a recession now. The rest of my post was just my frustration with the gaslighting by...everyone...about how we wouldn't see a recession until next year.
Maybe they meant it'd last until next year?
Sanrith Descartes
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To be honest, its why I have basically eliminated "news" media of all types from my feeds and instead go find primary sources for info. This is especially true in both the politics and business worlds.
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Tmac
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I think what they really mean is that they're just going to lie and wave their hand puppets on TV pretending we're not in one until next year.
They literally just repeat whatever the administration says.
*Joe Biden walks out on stage*
*Winks at the journos*
Says, "We aren't in a recession."
*Journos nod and wink back*
News anchors at 11, "We aren't in a recession."
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Mist
REEEEeyore
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Obvious signs of demand destruction, both currently and in the future, combined with more pumping.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Kiroy
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Sanrith Descartes
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Well in 2 months we should be seeing inflation start to show signs of coming down then or Mist is right, time to panic because there will be no new QE next year if they can't get inflation under control.
The fed has two things they need to do. One, they need to weaken the labor market and to some extent the stock market to increase unemployment. And two, their high rates need to weaken the housing market to the point where monthly payments either for mortgage or rents stop increasing or even decrease.
I think the market is overly optimistic that the fed will just give up on inflation once a recession starts, which I hope they don't do because that's how you end up like Japan, better to keep raising rates until inflation corrects no matter how painful it is for stocks and bonds.
Mist
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This is insane. Why would anyone want this to happen? You're fucking brainwashed by the media, who are owned by the owners, the elites.
Yes, they want to lower worker expectations, to brainwash them into not asking for a bigger piece of the pie. Fuck that.
It's like you guys missed the whole fucking point of the Trump economic agenda, the actual kernel of good parts of it. The whole point was to tell the elites to shut the fuck up and scare them into stopping their globalist schemes to fuck over the American worker.
You're the shittiest, stupidest bunch of populists ever. Keep getting fucked over with your 2% annual raises you basket of dumbshits.
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Furry
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Kiroy
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Mist
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lol @ populists who think "rising wages and low unemployment for American workers is bad, actually."
Mist
REEEEeyore
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That's because you're both dumber than bots, seriously.