Posted on 08/14/2019 10:13:59 AM PDT by SeekAndFind
RE: The media and their government cohorts.
I don’t see how the media can cause the yield curve to invert.
As for government cohorts, the Treasury, Fed and National Economic Council are all Trump appointees. Makes no sense for them to want the market to crush.
The 2008 crisis wasn’t manipulated.
The US economy had already been weakened by decades of off-shoring after we lowered the tariffs in the 1960’s.
To shore up the economy, they relaxed credit standards allowing 100% mortgages. That and the low interest rates caused a refinancing boom
Oil prices started to rise in 2007. That soaked up disposable income and marginal businesses began laying people off. Mortgages that were affordable when people had jobs, suddenly weren’t.
Banks reacted by tightening credit as the delinquencies rose.
In the meantime, money market funds that were limited to investing in assets that had a maturity of less than one year, had loaded up on short-term mortgage derivatives.
But when delinquencies occur you don’t get paid.
One money market fund broke the dollar. Meaning for the first time ever they returned less than the $1.00 invested.
That caused a panic in investment circles.
George W Bush, realizing he needed the FED to act and he needed funding from Congress to support the FED, went on Television and told us all that we were in a crisis.
And suddenly we were in a much worse crisis.
The 2008 crisis wasn’t manipulated.
The US economy had already been weakened by decades of off-shoring after we lowered the tariffs in the 1960’s.
To shore up the economy, they relaxed credit standards allowing 100% mortgages. That and the low interest rates caused a refinancing boom
Oil prices started to rise in 2007. That soaked up disposable income and marginal businesses began laying people off. Mortgages that were affordable when people had jobs, suddenly weren’t.
Banks reacted by tightening credit as the delinquencies rose.
In the meantime, money market funds that were limited to investing in assets that had a maturity of less than one year, had loaded up on short-term mortgage derivatives.
But when delinquencies occur you don’t get paid.
One money market fund broke the dollar. Meaning for the first time ever they returned less than the $1.00 invested.
That caused a panic in investment circles.
George W Bush, realizing he needed the FED to act and he needed funding from Congress to support the FED, went on Television and told us all that we were in a crisis.
And suddenly we were in a much worse crisis.
No doubt about it.
Bill Maher asked for a recession, and Bill Maher is going to get a recession.
Yeah, well we’re now deporting illegal aliens. That has got to have a negative impact on the economy. LMAO
This expected recession will continue to be fabricated until November of 2020.
The media and the Demonrats can talk up a recession.
That’s what they’re going to try and do, watch.
As far as it not making sense for Trump appointees not wanting the market to crush...
Just because Trump appointed someone does not mean that person is on Trump’s side or our side.
That is a guarantee of nothing.
Didn’t it go up quite a bit yesterday at the close?
RE: To defeat the Chinese we our economy needs to outlast a downturn. The Chicom leadership is more susceptible to Hong Kong contagion in the wake of their collapsing economy
Our government goes by cycles. If the economy is bad, a change of government is more likely than not ( heck, we had a change in Congress even when the economy was good in 2018 ).
The Chinese on the other hand, could care less if their economy goes into recession. Their government is STILL the Chinese Communist Party and can’t be voted out of power. Therefore, they are playing the LONG GAME, hoping that Trump will be voted out in 2020 and they can have a more accommodating President they can deal with ( e.g., Joe Biden, who already sold us out to the Chinese when he was VP ).
I don’t believe in political coincidences. The left has said the only way they can beat President Trump in 2020 is if the economy tanks. Now academic indicators show up indicating a recession?
Sure...
During Odumbass I saw “going out of business” signs all over.
During Trump I see “Help Wanted” signs all over.
More than I have ever seen before. Ever. (and I am 62)
A recession is, in my opinion, the only hope the D’s have to unseat Trump in 2020. I figure they will do all they can to try to ramp one up sooner or later before next November. But if they are starting already, there will be a lot of pain before the next election.
wait, what? trump wasn’t running in 2008.
RE: Didn’t it go up quite a bit yesterday at the close?
Yep, and all of yesterday’s gains just went poooofed today and more.
the same guys who murdered jeffrey epstein, I believe.
I still miss hydroshock
There wasn’t much that George W. Bush couldn’t make worse.....
Okay.
During Trump I see “Help Wanted” signs all over.
The Dems and MSM will now be repeating ad nauseam that we are going into a recession in order to talk the market down and actually create one where one doesn’t exist. They are willing to ruin our economy in order to get rid of the hated Trump. Total Lefty Bill Maher (alleged late night talk show host) has been saying for weeks now that he is hoping for a recession as maybe the only way to get rid of Trump.
Who cares how many people would be financially harmed by a recession just as long as the end goal of getting rid of Trump is achieved. Remember, we are dealing with the mentally ill lib/socialist/fascist/commie pinko lefties here. Real sickos.
Yep, and all of yesterday’s gains just went poooofed today and more.
And I expect this sort of thing out of the market.
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