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Recession is upon us - disastrous economic data


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9 hours ago, Big Blitz said:



 

Let’s see where we’re at by Friday and of course beyond.  The bloodbath from the last 3 days is a bigger deal than Japan’s market response today.  

This could simply be the temporary Bear Bounce.  

 

And yes we’re in recession.  Biden redefining that changes nothing.  
 

The stock market doesn’t need to tell us that but since the little people are struggling to afford anything a potential crash of the economy could be devastating. 
 

No one has answers.  And Harris is hiding. 

What’s your definition of a recession? Links to the data that support this?

Are you shorting everything?

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4 minutes ago, Roundybout said:

How we doing on the collapse of the global economy? You guys need a beer? Have you resorted to cannibalism?

I'm holding steady on my investments.  No panic here.  My spouse will appreciate my investments when I kick the can after the next TBass miss.

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50 minutes ago, Irv said:

The Fed will do whoever is running the Executive Branch tells them to do.  This is not helping Chucklehead Harris win any elections.  What a mess.   

 

No offense, but absolutely not true.

The independant Fed and the Supreme Court have proven remarkably capable of not bowing to political influence.

Regan vs Paul Volker is the best example.

 

Presidents are always going to want lower rates, but the Fed has a dual mandate, and neither of those goals is political. 

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3 minutes ago, sherpa said:

 

No offense, but absolutely not true.

The independant Fed and the Supreme Court have proven remarkably capable of not bowing to political influence.

Regan vs Paul Volker is the best example.

 

Presidents are always going to want lower rates, but the Fed has a dual mandate, and neither of those goals is political. 

 

You must not be familiar with Beltway politics.  

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1 minute ago, Irv said:

 

You must not be familiar with Beltway politics.  

 

I am extremely familiar with the Fed.

There is nearly always conflict between the executive and the independant  fed.

 

Fed governors and ex governors are interviewed constantly.

It's one of the few things left that works.

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27 minutes ago, TH3 said:

What’s your definition of a recession? Links to the data that support this?

Are you shorting everything?


 

In 2022 because Ds were going to get crushed in the mid terms the definition was redefined by Biden who called the economy “in transition.”

 

The traditional definition is 2 straight quarters of negative growth - this happened in 2022 and the media and Ds lied about it.  
 

 

There is a now no such thing as a recession to them.  Until a Republican is in office.  
 

GDO, GDI, GDP all down - Americans can’t pay bills.  Unemployment is now up half a point - another sign we are in one but this won’t ever be acknowledged - until an R is in the WH then we’ll report how awful the economy is.   
 

If they argue the traditional definition didn’t mean one in 2022 that’s it - there is no longer debating this with them.  They lie lie lie and lie.  

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12 minutes ago, sherpa said:

 

I am extremely familiar with the Fed.

There is nearly always conflict between the executive and the independant  fed.

 

Fed governors and ex governors are interviewed constantly.

It's one of the few things left that works.

 

You're funny.  Needed the laugh today.  

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1 hour ago, All_Pro_Bills said:

I don't think its over. We'll get the typical bounce at the open but I don't think the average close up today.  If the Fed doesn't meet expectations of some inter-meeting rate cut before their September meeting you can bet the farm the market is going to throw another big downside temper tantrum. I'm holding lots of cash now along with some patience to wait it out.

 

I will buy that dip too.  Fed better be right.  He was appointed by the orange turd. 

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4 hours ago, Irv said:

Demented Biden turned my 401K into a 301K the last three trading days.  Thanks Biden.   


Seeing people worry about their 401k is my kink. What you gonna spend it on when the world is both on fire and flooded? Lol

 

 

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14 hours ago, 4th&long said:

That was short lived!

 

 

 

I realize there isn't much intelligence on here, but I'll try anyways...

 

Take 100 Units (dollars, yen, whatever)

 

Multiply by 0.94 (Japan on Friday), leaves with 94 Units 

 

Multiply by 0.875 (Japan on Monday), leaves w/ 82.25 Units

 

Multiply by 1.105 (Japan on Tuesday), leaves w/ 90.8 Units (Yeah!)

 

 

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6 minutes ago, OrangeBills said:

 

I realize there isn't much intelligence on here, but I'll try anyways...

 

Take 100 Units (dollars, yen, whatever)

 

Multiply by 0.94 (Japan on Friday), leaves with 94 Units 

 

Multiply by 0.875 (Japan on Monday), leaves w/ 82.25 Units

 

Multiply by 1.105 (Japan on Tuesday), leaves w/ 90.8 Units (Yeah!)

 

 


Sorry buddy, Biden hit the “good economy” button so it’s over for you 

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Posted (edited)
1 hour ago, 4th&long said:

 



No not even close to doing “this” right.  

 

These are the same people telling you to vote for Harris because.   
 

And the economy is awesome going on 4 years now.  Everyone feeling great? 
 

 

Bear bounce today recovered 20 percent of yesterday’s losses. 
 

What are we down the last 3 days now?
 

I’ll tell you - over TWO THOUSAND POINTS 


But I’m rooting for disaster.  
 

 

Het low infos - the disaster started in the spring of 2022 as inflation spiked.  This is going to be YEARS.  Prices aren’t coming down. Your REAL income is 30 percent less than what it was in 2020.  
 

Embrace the suck.  

Edited by Big Blitz
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5 hours ago, gearbm95 said:


Seeing people worry about their 401k is my kink. What you gonna spend it on when the world is both on fire and flooded? Lol

 

 

 

Boats N Hoes.  Have fun in the soup line loser.    

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2 hours ago, thenorthremembers said:

Now go back and look at the Trump economy prior to the Soros and Gates backed Pandemic.


Are you one of those people who simultaneously believes that COVID was just a cold, not worth the lockdowns, and also a deadly NWO bioweapon?

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