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Posted on 01/25/2021 1:24:59 PM PST by Onthebrink
Something strange is going on in the markets and in economic policymaking circles. Despite the world having just suffered from its worst economic recession in the past ninety years, the overwhelming consensus view is that the U.S. will experience a strong economic recovery in the second half of this year and the economy will soon return back to normal.
Such a strong recovery would be in marked contrast to that following the 2008-2009 Great Economic Recession, which was the slowest economic recovery on record and which was punctuated by a number of fits and starts. Those fits and starts included the 2010 European sovereign debt crisis and the 2013 taper tantrum in the emerging market economies.
(Excerpt) Read more at 19fortyfive.com ...
Well, ol’ Joe was there, so...maybe they had a deal?
“Hey, Joe.”
“Whassat, Jimmy?”
“Y’ever think about tryin’ out this President gig?”
“Why, sure I do, Jimmy. What about it?”
“Well, Joe; it’s tougher then it looks. But I’ll tell you what: y’ever make it this far, you promise you’ll make me look good. How’s ‘at?”
“Oh, I sure will, Jimmy. You can count on me.”
The Bidet effect is coming.
Everyone should be planning for the worst—inflation, shortages, massive unemployment, crazy regulations, discrimination against straight white males.
The Democrats want to destroy the middle class—then plan to _crush_ it.
Be prepared.
Collectivism is designed only to destroy, not to build.
Probably not.
Can you state a reason why it should be excerpted?
This n00b posts excerpts from this blog every day.
Sure looks like he's doing it for money to score hookers and crack.
Prove me wrong.
Or do you think hookers and crack are a great thing to support?
The only thing that will surge this year is inflation in the economy and unusual death rates among Trump supporters, gun owners, and Caucasians...
Add in collecting unemployment because you are afraid of getting the virus. Biden has already said this. I wonder if he will add unemployment can be collected for 98 weeks like they had during the Obama administration.
All that idiot had to do was allow the economy to open up. Instead he starts killing even more jobs.
Not likely .... that surge is the back-pressure on the plugged sewer line. /s
IMHO, since it is mostly repetitive old news seeking clicks, that would be a blessing...
I keep saying, that regardless of any formulas that people in denial might use, when you treat money like it has no real value, eventually it will not.
The way we have been creating money out of thin air with no economic activity behind it will blow up at some point. It has to.
I’ve been doing this ever since Clinton was elected.
I could see the iceberg in the distance.
Today the Props are out of the water.
The tricky part is to figure out when the hyper-inflation will kick in...
It requires a significant increase in the velocity of that money, which means a lot of it has to go to actual consumer spending.
We are talking about a _lot_—these “stimulus checks” are a drop in the bucket.
The economy is so out of whack that it is difficult to increase velocity right now.
What could set it off is a massive war effort, where millions of people became newly employed by defense contractors and there are required unions forcing high wages—and then workers had real money to spend. But—even that would fail if robots were allowed to replace many high wage workers.
Then you would have “wartime” price controls and massive shortages for some period.
The moment the price controls are lifted you would get the hyperinflation.
The bottom line—.gov messing with the economy will cause wild swings in prices, supply, capacity, etc—total chaos.
Well, they can't stop the numbers on the gas pumps from skyrocketing. They can't stop gas and electric bills from skyrocketing. Consumers are going to get walloped in the pocketbook, and that's never good when you're the problem and it's reelection time.
Onthebrink-—what are your thoughts on this issue?
Ah yes, we’re going back to the eternal prospective surges of the obozo years.
Steve Forbes to Newsmax TV: Economic ‘Crisis’ Coming
(Newsmax TV’s “Saturday Agenda”)
By Eric Mack
23 January 2021
https://www.newsmax.com/newsmax-tv/steve-forbes-economy-crisis-inflation/2021/01/23/id/1006897/
Unfortunately the 31 percent drop in 2nd quarter 2020 GDP and likely contraction in the 4th quarter leaves a lot of low hanging fruit for big growth numbers early on in the Biden-Harris administration. Beyond six months, only heaven knows.
Adblock stops only one link on that site. That’s pretty clean, a lot cleaner than many other sites linked here.
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