I visited a company yesterday that has been fattened by the fracking boom. the machines were idle and there was a gloomy feeling about the place
they just didn’t have any orders to keep the lines running.
A major recession will throw a wrench in the demodogs raise taxes platform
And it's not ending. It seems that now cities are doing massive construction endeavors to attract business, tourists/conventions, and high-income housing. That bubble has to burst.
With the disappearing middle class, the problem is that US citizens are in an even deeper hole. How many people could save for their future needs, even if they wanted to? That requires a stable job and an income that keeps up with expenses.
I'm wondering how much disposable income has disappeared in the US.
I'm not atypical. In my peer group (retires who have a responsible plan for future needs) everybody is cutting back where ever they can. Necessities keep taking more income...and lower gas prices don't mean much if you don't do much driving.
Does anyone have a plan to restore the middle class? Without that, it's hard to imagine that there's a solution.
Good morning all! It's a uniquely good morning for me because my slip-up yesterday turned out OK. What happened is that yesterday was actually an IBD 'follow-through' day and the contraction was over --we're now officially in a "confirmed uptrend". My missing the opportunity was the bad news. The good news is yesterday stocks plunged big time in rising volume --neat huh?
Futures traders are confused too, these traders happy and these scared. For stocks. For metals they're expecting another +0.66% with gold and silver up to new highs: $1,119.80 and $14.50!
Oh yeah, today's 'claims day':
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Durable Orders
8:30 AM Durable Goods -ex transportation
10:00 AM Pending Home Sales
10:30 AM Natural Gas Inventories
News: The Taxing Will Continue Until Morale Improves. I'm sure there's more but that's as far as I could get.
Recession? Try Depression.
P!
Or all the efforts to pump up the fake numbers are deflating, revealing the true bad situation never ended.
I think the Great Recession of 2007 never ended, as proven by decreasing workforce participation rates and stagnant/declining wages.
The “good” numbers were propped up by borrowed money and welfare transfers.
I was not aware we emerged from the last recession, I heard rumors we had but personally I have seen no evidence, I also heard there was zero inflation I’ve seen no evidence of that either, but what do I know; as the powers that be suggest I’m just to ignorant to understand that my wallet has not really getting thinner, to stupid to know it is more complicated than that, the thickness or lack thereof of my wallet has nothing to do with anything.
I would put the chances of recession at 100% the day after a republican is sworn into the presidency
Just imagine what will be revealed when all the lies and manipulating of economic data that covered obama for the past 8 years - comes to an end
This inevitable economic catastrophe to me transcends “ conservatism” and the only man I see capable of keeping us together and moving toward a solution is Trump and the team he’ll assemble
Cause in one year a new POTUS will have to start dealing with the REAL numbers.
They mention recession as a setup for the soon to be elected republican candidate. If Hill or Bern are elected, the economy will straighten out (magically) overnight.