America is ALREADY in a recession that could be as bad as 2008: Dartmouth College prof David Blanchflower warns that the real state of the economy has been skewed by Biden's huge unemployment payments

Daily Mail ^ | 10.18.21 | Ross Ibbetson

[Boomer]

America has already slipped into a recession that could be as bad as the 2008 financial meltdown according to key consumer data, a Dartmouth College professor has warned.

David Blanchflower, of Dartmouth, and Alex Bryson, of University College London, say that every slump since the 1980s has been foreshadowed by 10-point drops in consumer indices from the Conference Board and University of Michigan.

The indices are drawn from questions put to ordinary Americans about their income expectations, employment conditions and what they expect for the US economy in the near future.

[Starboard]

In addition to China’s numerous aggressive flights toward Taiwan, China and Russia just sent warships through the Tsugaru Straights. Tensions are sure to rise in the spring but Chinese expansionism will proceed as we have no leadership and no resolve — and the Chinese and Russians know it.

Both countries have developed some very nasty weapons by the way.

[Oatka]

Not even close. Stock market today is heading into record territory, homes are selling, people have jobs.
A few empty shelves in certain regions is all we have and some inflation.

You left out the sarcasm tag - we need that these days. If not . . .

"Yeah, we hit an iceberg, but so what? Keep on merry-making. All is well."

[Oatka]

Well if it’s already worse than 2008 then I’m doing ok and holding. Well will certainly see what else is to come over the winter.

You didn't feel it when we hit that iceberg? It sounds like you are still on board.

[setter]

“The real economy, across the board is tanking. Folks are LOSING their jobs.”

What planet are you on? Unemployment claims recently is the lowest it’s been in 18 months. Companies are begging for employees.

I’ve lived through 2 bad recessions when no one was hiring and people were laid off in the millions.

We have an inflation problem and a shortage of goods that is far from a recession.

https://www.reuters.com/world/us/us-weekly-jobless-claims-fall-layoffs-rise-september-2021-10-07/

[NetAddicted]

READ LATER

[Boomer]

Millions of people are getting fired for not taking the poison vaxx. Most won’t even be counted as unemployed because they won’t qualify for it according to the states which is BS.

The employment situation only looks good on paper. In real life it’s a much different story.

[GOPJ]

Ok...given what you’ve just said - where will be be in a year?

Here’s an oddity - for the past few years I would get several calls every week from people wanting to buy my homes (I live in Florida) - a high percentage were from people who sounded Chinese. People who are Chinese have also bought up a lot of condos in my part of Florida. A week ago all those calls stopped.

[crz]

Ya I get those calls. They sound like people from India.

Anyway, I tell them that my place is always for sale. 2.2 million dollars CASH.

The place is worth about 200 grand.