The US is heading for a Recession?
- Thread starter mentalfloss
- Start date
Are you such an imbecile that you think the Dow Jones Industrial Average is the definition of a recession?
His whole concept of prosperity revolves around the Dow Jones.
Oh, and millions of minimum wage jobs.
No , but if the Dow is going up it signals that investors have confidence.
I was just going to bring that up but you stole my thunder! I love it when Trump gets people's panties in a knot.
https://www.marketwatch.com/story/s...-2007-should-raise-recession-fears-2019-09-18
“Since last year real GDP growth in the U.S. has been slowing. The chair of the Federal Reserve has been signaling that while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth. Warning signs in the economy, including an inverted yield curve, have been ignored and stock markets continued to make new highs in July. In August a correction took a place and subsequently a rally ensued into early September. On September 18 the Fed cut rates.
Sound familiar? It fairly describes market and economic conditions in the U.S. over the past couple of months. Except that this paragraph would be as true for the U.S. economy and stock market in September 2007 as it is today. Consider that 12 years ago the yield curve was inverted and U.S. economic growth was markedly slower than it had been in 2006. Yet the Standard & Poor’s 500 SPX, +0.77% made a new high in July 2007 (same as 2019), there was an August correction (same as 2019), and then the Fed cut rates on September 18 (ditto — same day even).”
It’s funny how little JLM and Wally understand economics. That’s probably why they’re Trumpites
“Since last year real GDP growth in the U.S. has been slowing. The chair of the Federal Reserve has been signaling that while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth. Warning signs in the economy, including an inverted yield curve, have been ignored and stock markets continued to make new highs in July. In August a correction took a place and subsequently a rally ensued into early September. On September 18 the Fed cut rates.
Sound familiar? It fairly describes market and economic conditions in the U.S. over the past couple of months. Except that this paragraph would be as true for the U.S. economy and stock market in September 2007 as it is today. Consider that 12 years ago the yield curve was inverted and U.S. economic growth was markedly slower than it had been in 2006. Yet the Standard & Poor’s 500 SPX, +0.77% made a new high in July 2007 (same as 2019), there was an August correction (same as 2019), and then the Fed cut rates on September 18 (ditto — same day even).”
It’s funny how little JLM and Wally understand economics. That’s probably why they’re Trumpites
Report: Strong consumer spending, GDP lowering recession risk
https://www.oann.com/report-strong-consumer-spending-gdp-lowering-recession-risk/
MAGA
https://www.oann.com/report-strong-consumer-spending-gdp-lowering-recession-risk/
MAGA
Amazing what jobs and more pocket change does for an economy . Black Friday today , more consumer spending on the way .
U.S. Payroll Gain of 266,000 Trounces Forecasts as Wages Heat Up
https://finance.yahoo.com/news/u-jobs-trounce-forecasts-266-133001923.html
No recession in 2020. Hello Trump re-election.
https://finance.yahoo.com/news/u-jobs-trounce-forecasts-266-133001923.html
No recession in 2020. Hello Trump re-election.
"The Federal Reserve (not Trump) has cut interest rates three times this year on worries that weakness in trade, business investment and manufacturing could derail U.S. growth by triggering cutbacks in spending and hiring. The central bank, which meets next week to discuss interest rates, has signaled it was done lowering rates unless it sees a significant slowdown in economic activity." - WSJ
But still, I think it's a good thing. There was some nervousness. "U.S. stocks and government-bond yields rose after the upbeat jobs report, offsetting some of the jitters about trade from earlier this week." - WSJ
But still, I think it's a good thing. There was some nervousness. "U.S. stocks and government-bond yields rose after the upbeat jobs report, offsetting some of the jitters about trade from earlier this week." - WSJ
Yes notice the latest Canadian numbers , we are shedding jobs , while our next door neighbour and largest trading partner is booming . Orange man bad .