The indicators are wacky due to the tariff war over China. This is something our economy has not had to deal with.
I’m just a average dude living my life. In my daily life the economy seems just fine. What uncertainty are they talking about?
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"Nine of the last four recessions have been predicted by: economists, media, the market etc….there truly is (nearly) nothing new under the sun.”
I’ll tell you what defies recession talk: my drives to Flagstaff along I-40. There is no end to the incessant 2-mile-long trains on the BNSF; and the wagon-train of semis going 75 mph (except on the long grades uphill, that’s when they doe their slow drag races side-by-side). I’d be annoyed by the trucks EXCEPT: I get to celebrate the hell out of MAGA; the trucks and trains are visual proof that there’s steam in the Trump-o-nomic train!
The MSM want a recession and they’ll lie their heads off to try to get it
Deplorables, pulling through.
Add in a billion people who have no idea what a free election is, and a couple hundred million who most certainly do know, along with Chinese cash getting low, and you've the makings for the ancient curse... ‘May you live in interesting times.’
Who knows what the future will bring; I know what the past brings and if that is the best we can do, I'll roll the dice on the future.
A “recession” is something being concocted between the Fake News media, the DemocRats, and the Chinese as part of their effort to remove Trump from office, now or in 2020.
In case no one has noticed, a large number of ‘Rats have come out as socialists, just like their elite friends in China.
The recession call was pure bullsh*t and done with the sole purpose of tanking the markets. In part the attempt was successful but only in the short term.
Numbers coming out today show exceedingly strong productivity on top of the very strong consumer spending numbers. Consumer spending represents fully 2/3 of our entire economy.
There is a phrase used by traders, “Sell in May and go away”. The pros go on vacation and leave the second stringers to trade and they are quick to hit the button at the drop of a hat. Markets traditionally do poorly in the Summer and start to get it together in the late Fall.
That rate inversion crap yesterday was a TOTAL JOKE and I pointed it out then.
We get recessions due to either external influences (like the Arab Oil Embargo), or because government goes on a REGULATION FREE-FOR-ALL and forces businesses to spend all their capital in COMPLIANCE with the new laws (such as having to pay big bucks to re-design and then re-stripe their parking lots to comply with wheelchairs, or adding air bags to cars)...rather than spending that same money to develop new goods and improve processes (i.e., cut costs) in producing existing goods.
The idea that one interest-rate index tweaking less than 0.01% (not a typo) means the difference between strong growth and a dreaded recession is INSANE - but that’s who runs things, these days.
What if they gave a recession and nobody came?
Obviously the Media got their marching orders to start talking down the economy.
FOAD Domestic Enemies, and your god the Fraud and the horse he rode in on too!!!!
Damn communists Democrats are the cause of this using there handy work to blame Trump. They will crash anything to get their power back.
Democrats & their colluding media lag dogs are attempting to “talk” the economy into a recession.
These people are stupid. People know what they are doing.
Who would a recession hurt? The voters! Who would be blamed? Democrats!
Gonna have to talk it down harder, MSM/Dems/NeverBlumpers
Lots of vacations, home buying and back to school purchases are done in July and August. Things will slow down in Sept and Oct but pick back up in Nov and Dec due to the holidays. The economy will drop when people get their January credit card bills. It’ll perk up a bit for Valentine’s day but not much. Stagnant in March and April. May will be summer vacation time again. Same thing every year.
Retail sales are strong but industrial prodcution in the manfacturing sector declined quarter over quarter in 1Q19 and 2Q19 and is down further in July, suggesting a manufacturing recession similar to 2015. It would appear that a lot of consumer goods must be coming in through our ports despite the tariffs.
I didn’t see any word of this on Drudge or Yahoo News.