The US is heading for a Recession?
- Thread starter mentalfloss
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I'm thinking the reverse mortgages may turn out to be more of a detriment than an asset! (There's more in it for the bank than the customer) Be very aware!
Putz doesn't have the intellect to be making claims. I think he escapes from the bottle depot from time to time and God only knows what he gets up to! :lol:
Americans aren't happy.
In fact, Americans are more glum now than they were during the Great Recession, according to the Gallup-Sharecare Well-Being Index. While most Americans do feel the economy is improving, the data shows, they don't think their overall well-being is going up. It could be a warning sign that Americans are concerned about more than "the economy, stupid."
The Gallup-Sharecare Well-Being Index started in 2008 as a way to assess how Americans are doing beyond the usual financial and economic metrics. Every year, Gallup interviews more than 160,000 adults in the United States and asks them about their sense of purpose, their social relationships, their financial security, their health and their connectedness to their community.
In a surprise to the researchers, 2017 turned out to be the worst year for well-being on record. The overall index score was even lower than during the financial crisis, and, for the first time in the decade that Gallup has done this poll, no state in the country showed a statistically significant increase in well-being.
Despite an improving economy, Americans are glum - Chicago Tribune
In fact, Americans are more glum now than they were during the Great Recession, according to the Gallup-Sharecare Well-Being Index. While most Americans do feel the economy is improving, the data shows, they don't think their overall well-being is going up. It could be a warning sign that Americans are concerned about more than "the economy, stupid."
The Gallup-Sharecare Well-Being Index started in 2008 as a way to assess how Americans are doing beyond the usual financial and economic metrics. Every year, Gallup interviews more than 160,000 adults in the United States and asks them about their sense of purpose, their social relationships, their financial security, their health and their connectedness to their community.
In a surprise to the researchers, 2017 turned out to be the worst year for well-being on record. The overall index score was even lower than during the financial crisis, and, for the first time in the decade that Gallup has done this poll, no state in the country showed a statistically significant increase in well-being.
Despite an improving economy, Americans are glum - Chicago Tribune
The Yankee empire is in total meltdown mode. The rich are gathering the remaining wealth and squirreling it away in off shore banks. They have taken social security thanks to the Republicans. There will be mass civil unrest turning into an armed revolution. Those that cling to the illusion of freedom and democracy are already disillusioned. Shit is about to get serious in the next few years, particularly when the economy crashes beyond repair because of the deregulation brought in by Trumpledstiltskin. Y'all be fukked.
China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade
China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.
“Along with the Chinese role in the global economy and the growing interest in the renminbi, China is also protected by a nuclear shield. It can afford to try to shatter the monopoly in oil trade. This will give even more weight to the Chinese yuan. In addition, China's economy is the world's largest consumer of oil, and consequently, all world producers of raw materials will have to reckon with the strategy of the Chinese authorities,” Egorov said.
According to the analyst, the timing for the launch of the petro-yuan is perfect. Key oil producers Russia, Iran and Venezuela are under pressure from US sanctions, and it is a good moment for them to ditch the dollar in oil trade and substitute it with the yuan.
Mikhail Mashchenko, an analyst at social network for investors eToro, agrees. “From the point of view of Russia's geopolitics, it is certainly beneficial to reduce the role of the dollar in foreign trade. And it has been done, let’s recall the record growth of the country's gold reserves. The other states that are constantly under the threat of new sanctions, like Iran and Venezuela, can profit, too. The contracts in RMB will allow to trade oil without US approval,” he told RT.
http://www.rt.com/business/422838-petro-yuan-dollar-gaddafi/
China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade
China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.
“Along with the Chinese role in the global economy and the growing interest in the renminbi, China is also protected by a nuclear shield. It can afford to try to shatter the monopoly in oil trade. This will give even more weight to the Chinese yuan. In addition, China's economy is the world's largest consumer of oil, and consequently, all world producers of raw materials will have to reckon with the strategy of the Chinese authorities,” Egorov said.
According to the analyst, the timing for the launch of the petro-yuan is perfect. Key oil producers Russia, Iran and Venezuela are under pressure from US sanctions, and it is a good moment for them to ditch the dollar in oil trade and substitute it with the yuan.
Mikhail Mashchenko, an analyst at social network for investors eToro, agrees. “From the point of view of Russia's geopolitics, it is certainly beneficial to reduce the role of the dollar in foreign trade. And it has been done, let’s recall the record growth of the country's gold reserves. The other states that are constantly under the threat of new sanctions, like Iran and Venezuela, can profit, too. The contracts in RMB will allow to trade oil without US approval,” he told RT.
http://www.rt.com/business/422838-petro-yuan-dollar-gaddafi/
In your dreams. Remember when the US$ that crashes so will Canada and there goes your welfare cheque.
Thats great. Now they can pull a couple Trillion out of circulation thus upping value.
Very generous of Xi.
Very generous of Xi.
If it were only that simple. The problem as I see it is the definition of they. Uncle Sham is not his own boss and is governed entirely by pain killers, synthetic vitamins and crotch sniffing gender neutral pandering cryptocratic deviants. Commense the flag waving turn up the volume on the Stars and Stripes and quick march poor soldiers onto the troop transports, the world needs some democray pounded into it. The next non western alpha national coalition is fat and rich with everything needed to launch the global casino anew, they believe. Forget about the poisoned burning cities the blizzards will cover it all. Someone slipped something into my coffee you,re thinking.
Get your luggage packed. Cuz that crash is as real as climate change and the welfare cheaque won,t move the snow out of your way.
Nowhere close to the U.S. for damshur! Dow continues to soar, I'm about to start dumping equities and pay down my mortgage.
Bloomberg Asks Experts If A Recession Is Near. Their Answer: Nahhh.
https://www.dailywire.com/news/51442/bloomberg-asks-experts-if-recession-near-their-hank-berrien
MAGA
https://www.dailywire.com/news/51442/bloomberg-asks-experts-if-recession-near-their-hank-berrien
MAGA
The resounding hope of the anti-Trump forces is that that they can will a recession on the U.S. by sheer negative thinking and press.. and take out the supposedly only thing that is buoying up his Presidency. Providing the Fed doesn't totally try to scuttle the economy through restrictive monetary policies there will be no recession. The most intelligent predictions I've seen is there will be some type of 'correction' in 2021 to reestablish some equilibriums in the economy, reflected at best as a short, shallow slowdown.
The fact is Trump's trade policies and confronting China on its policies is the most positive thing that has happened to the economy in decades. It actually provides some steering and propulsion to the American economy that has been adrift in the mindless, laissez-faire, 'free' market currents and a progressive dissolution of an integrated, national, industrial economy.. in preferential support of financial and trading interests.
The fact is Trump's trade policies and confronting China on its policies is the most positive thing that has happened to the economy in decades. It actually provides some steering and propulsion to the American economy that has been adrift in the mindless, laissez-faire, 'free' market currents and a progressive dissolution of an integrated, national, industrial economy.. in preferential support of financial and trading interests.