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We are in a recession
We are in a recession
Two consecutive quarters of declining GDP = recession. I'm surprised no one has commented on this...
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
- MotorCityRadioFreak
- Posts: 6570
- Joined: Wed Jul 29, 2020 6:26 am
- Location: Warren, MI
Re: We are in a recession
2% unemployment does not indicate recession.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Re: We are in a recession
Unemployment only includes people looking for work that can't find it. In the current environment, it's not a useful statistic.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: We are in a recession
I've been stating this for some months now, that we were creeping our way into one. With gasoline prices and an inflated home market, the proverbial storm elements are all in place for a market correction. Many economists predicted back in 2017, that President Trump's tax break could result in inflation, which indeed that's come to pass.
Not to mention, The US government keeps piling on more debt, which I believe is beyond ever paying back. Suffice to say, I do believe we could be heading into a lean couple of years.
My goodness, I logged into my 401k account yesterday and I staggered back a bit, it's taken quite a wallop as of late, in terms of losing money.
Not to mention, The US government keeps piling on more debt, which I believe is beyond ever paying back. Suffice to say, I do believe we could be heading into a lean couple of years.
My goodness, I logged into my 401k account yesterday and I staggered back a bit, it's taken quite a wallop as of late, in terms of losing money.
- MWmetalhead
- Site Admin
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Re: We are in a recession
The decline in GDP is mostly a function of supply chain inefficiencies and to a lesser extent, insufficient pool of labor.
The Fed's aggressive interest rate hikes worry me in that it could cause a prolongment of the supply chain issues that currently exist. It becomes more difficult to "in source" production by building new plants domestically when the cost of financial capital increases. The rate increases could also cause a rise in commercial loan defaults or could cause (and probably will cause) some companies to downsize workforces or postpone capital investment in view of rising debt service costs.
The fact the politicians in Washington are not taking action to expand LEGAL immigration to fill the myriad job vacancies that exist troubles me.
The Fed's aggressive interest rate hikes worry me in that it could cause a prolongment of the supply chain issues that currently exist. It becomes more difficult to "in source" production by building new plants domestically when the cost of financial capital increases. The rate increases could also cause a rise in commercial loan defaults or could cause (and probably will cause) some companies to downsize workforces or postpone capital investment in view of rising debt service costs.
The fact the politicians in Washington are not taking action to expand LEGAL immigration to fill the myriad job vacancies that exist troubles me.
Morgan Wallen is a piece of garbage.
Re: We are in a recession
A recession? Seriously?
The present administration's hood ornament saying, "doesn't sound like a recession to me" is good enough for me.
Perhaps it's one of the reasons why there are talks of OBiden having dem challengers in the 2024 primary should he 'decide' to run again.
The present administration's hood ornament saying, "doesn't sound like a recession to me" is good enough for me.
Perhaps it's one of the reasons why there are talks of OBiden having dem challengers in the 2024 primary should he 'decide' to run again.
"The problem with communication is the illusion that it has occurred."
- MWmetalhead
- Site Admin
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- Joined: Sun Oct 31, 2004 11:23 am
Re: We are in a recession
I certainly agree that there are (rightfully) concerns with the Democratic Party ranks regarding Biden's handling of the economy, and perhaps even more so, his messaging regarding the topic.
Morgan Wallen is a piece of garbage.
Re: We are in a recession
You don't think blaming Putin for EVERYTHING is solid messaging?MWmetalhead wrote: ↑Sat Jul 30, 2022 11:07 amI certainly agree that there are (rightfully) concerns with the Democratic Party ranks regarding Biden's handling of the economy, and perhaps even more so, his messaging regarding the topic.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
- MWmetalhead
- Site Admin
- Posts: 12345
- Joined: Sun Oct 31, 2004 11:23 am
Re: We are in a recession
Nope.
Handing out bundles & bundles of money to people to sit at home and contribute nothing toward the output of products & services for an extended period of time is a significant reason things are as they are. Hardly a U.S. only problem, by the way.
This isn't simple inflation we are facing; it is "stagflation."
Handing out bundles & bundles of money to people to sit at home and contribute nothing toward the output of products & services for an extended period of time is a significant reason things are as they are. Hardly a U.S. only problem, by the way.
This isn't simple inflation we are facing; it is "stagflation."
Morgan Wallen is a piece of garbage.
- audiophile
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- Location: Between 88 and 108 MHz.
Re: We are in a recession
I agree MW. I'm concerned the quest to tame inflation will be ineffective without product competition, and without capital to do that we're stuck in stagflation, as I wrote earlier:
audiophile wrote: ↑Sun Jul 17, 2022 8:19 pmhttps://www.msn.com/en-us/money/markets ... ar-AAZEnNo
I'm not sure inflation can be tamed, until supply lines are corrected.
It might cause an increase in prices, and smaller companies go under because they cannot borrow inexpensively.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
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Re: We are in a recession
The real question is why the current commander in chief is not using the national guard and other military to relieve that supply chain issue.MWmetalhead wrote: ↑Sat Jul 30, 2022 9:16 amThe decline in GDP is mostly a function of supply chain inefficiencies and to a lesser extent, insufficient pool of labor.
The Fed's aggressive interest rate hikes worry me in that it could cause a prolongment of the supply chain issues that currently exist. It becomes more difficult to "in source" production by building new plants domestically when the cost of financial capital increases. The rate increases could also cause a rise in commercial loan defaults or could cause (and probably will cause) some companies to downsize workforces or postpone capital investment in view of rising debt service costs.
The fact the politicians in Washington are not taking action to expand LEGAL immigration to fill the myriad job vacancies that exist troubles me.
All the equipment and man power is there to unload ships at ports and transport.
Re: We are in a recession
How many of them are trained to operate an 18 wheeler over a long distance?Michiganviewer wrote: ↑Sat Jul 30, 2022 5:57 pmThe real question is why the current commander in chief is not using the national guard and other military to relieve that supply chain issue.MWmetalhead wrote: ↑Sat Jul 30, 2022 9:16 amThe decline in GDP is mostly a function of supply chain inefficiencies and to a lesser extent, insufficient pool of labor.
The Fed's aggressive interest rate hikes worry me in that it could cause a prolongment of the supply chain issues that currently exist. It becomes more difficult to "in source" production by building new plants domestically when the cost of financial capital increases. The rate increases could also cause a rise in commercial loan defaults or could cause (and probably will cause) some companies to downsize workforces or postpone capital investment in view of rising debt service costs.
The fact the politicians in Washington are not taking action to expand LEGAL immigration to fill the myriad job vacancies that exist troubles me.
All the equipment and man power is there to unload ships at ports and transport.
- MotorCityRadioFreak
- Posts: 6570
- Joined: Wed Jul 29, 2020 6:26 am
- Location: Warren, MI
Re: We are in a recession
Want to end the "recession" and fill all of these supposed jobs? Pay more. Truckers are getting absolutely hosed, literally. While regular unleaded has decreased around $1 a gallon in most areas, diesel has stayed very high. Let's get a larger tax on big oil and fund the truckers who are getting grossly underpaid and running thin margins for take home pay.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.