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Recession is ‘likely,’ former SEC chief economist says. Here’s his advice for how to prepare
cnbc via msn ^
| 5/20/2021
Posted on 05/20/2022 11:25:49 AM PDT by RomanSoldier19
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To: RomanSoldier19
“It’s very hard to stop inflation without a recession.”
Liar.
2
posted on
05/20/2022 11:26:49 AM PDT
by
Seruzawa
("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
To: RomanSoldier19
most Americans worried that the good times will be short lived. Wait! These are the good times?
3
posted on
05/20/2022 11:27:03 AM PDT
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: RomanSoldier19
By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide.
The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions.
But soaring inflation and rapidly rising interest rates have most Americans worried that the good times will be short lived.
These are the good times???
What planet do these people live on?
4
posted on
05/20/2022 11:28:51 AM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Taxman
5
posted on
05/20/2022 11:35:22 AM PDT
by
Taxman
(SAVE AMERICA!)
To: RomanSoldier19
The labor market has added back millions of jobs
And there are Help Wanted signs Everywhere, especially in businesses and industries that NEVER had them before. The work ethic has been destroyed by generous Welfare and Unemployment benefits. Why go to work when Uncle Sugar will pay you to sit on your fat ass to hit the pipe, sip your 40 0z and jack off to video games all day. But Hey, Isn't Central Banking with a pure fiat currency great?
6
posted on
05/20/2022 11:36:38 AM PDT
by
eyeamok
(founded in cynicism, wrapped in sarcasm)
To: tet68
“These are the good times???
What planet do these people live on”?
They are out of touch idiots.
7
posted on
05/20/2022 11:37:27 AM PDT
by
laplata
(")
To: RomanSoldier19
When you attack fossil fuels and nuclear, make fuel and electricity scarce and expensive, economic contraction follows. Agricultural production is severely affected. There will no only be worldwide lower living standards but food shortages and horrible hunger wars are coming. The green lunatics will neither starve no be held accountable.
8
posted on
05/20/2022 11:39:32 AM PDT
by
allendale
To: Sirius Lee
Wait! These are the good times? What, you haven't enjoyed the past two years?
9
posted on
05/20/2022 11:41:03 AM PDT
by
1Old Pro
To: Sirius Lee
hold on to your hat
we aint seen nuttin’ yet
10
posted on
05/20/2022 11:44:48 AM PDT
by
joshua c
(Dump the LEFT. Cable tv, Big tech, national name brands)
To: Sirius Lee
lol..that struck me as well.
What planet does this idiot live on.
11
posted on
05/20/2022 11:48:38 AM PDT
by
AAABEST
( NY/DC/LA media/political/military industrial complex DELENDA EST)
To: eyeamok
Your post is correct, but the retirement of baby boomers is another large factor.
12
posted on
05/20/2022 11:50:37 AM PDT
by
cgbg
(A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
To: cgbg
And I am intending to contribute to the problem by QUITTING and taking an early retirement. FU%K All these lazy welfare and unemployment cases, I hope they Starve and Die in the Street, my only Moral Obligation to society at this point is to help load the dead bodies into the trucks to go to the dump, so they don’t stink up the neighborhood.
13
posted on
05/20/2022 11:53:53 AM PDT
by
eyeamok
(founded in cynicism, wrapped in sarcasm)
To: AAABEST
If they believe men can have babies, then they probbably believe we are in good times.
14
posted on
05/20/2022 12:12:28 PM PDT
by
Mister Tee
(The liberals "hail mary"...coronavirus)
To: eyeamok
And I am intending to contribute to the problem by QUITTING and taking an early retirement. FU%K All these lazy welfare and unemployment cases, I hope they Starve and Die in the Street, my only Moral Obligation to society at this point is to help load the dead bodies into the trucks to go to the dump, so they don’t stink up the neighborhood.
.............................................
Easy there fella: High blood pressure can be dangerous. I’ll help you load the trucks.
15
posted on
05/20/2022 12:19:15 PM PDT
by
fortes fortuna juvat
(Democrat politicians and voters are dangerously psychotic, and they confirm that everyday.)
To: RomanSoldier19
In the 70's the voter didn't have 401K plan statements arriving every month. The rage is coming. It just hasn't set in yet. On the flip side in the 70's and early 80's cash in money market funds was yielding 14%.
Man is it gonna get mean and without woke rules.
16
posted on
05/20/2022 12:29:55 PM PDT
by
blackdog
(Cooler King Joe, killing a winning nation every day. )
To: Sirius Lee
compared to what is coming
17
posted on
05/20/2022 12:30:51 PM PDT
by
RomanSoldier19
(Res ad Triarios venit; )
To: Mister Tee
"they believe men can have babies, then they probbably believe we are in good times."
Post of the day nomination.
18
posted on
05/20/2022 12:31:30 PM PDT
by
blackdog
(Cooler King Joe, killing a winning nation every day. )
To: eyeamok
Come on man, buzzards gotta eat to.
19
posted on
05/20/2022 12:52:22 PM PDT
by
LastDayz
(A blunt and brazen Texan. I will not be assimilated.)
To: RomanSoldier19
Recession is ‘likely,’ former SEC chief economist says. Here’s his advice for how to prepare1. Sell at least one of your yachts - the savings in demurrage, alone, will amaze you!
2. Expatriate the proceeds to Switzerland, where you already have several hundred million tucked away.
3. Divest yourself of all your holdings in North America.
4. Etc.
All very wise and actionable items of advice, no?
Regards,
20
posted on
05/20/2022 1:02:16 PM PDT
by
alexander_busek
(Extraordinary claims require extraordinary evidence.)
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