You knew in your heart it was true, but didn't want to admit it to yourself.
We all thought this was put behind us after 2008.
But, it's back, and CNN just made that clear.
"US Economy is slowing"
https://www.cnn.com/2019/10/30/economy/federal-reserve-rate-decision-october/index.html
just like 2007, when the Economy started to slow, we were all told it was just a hiccup, things would get better soon, etc, etc.
Big recession coming with a Trumpie bubble economy. Not just banking. Cash is trash.... until it isn’t. You have been warned....
I give up with all u trolls out there. You’re right , dveythkng is just fine and dandy out there ....
3wru, Point is that we lived through 8 years of a food stamp economy, a bubble stock market due to a 150% devaluation of the dollar due to QE (quantitative easing), no new jobs, no raises, no new workers in the (Green) job economy despite $2.12 billion dollars laundered from POTUS directly to people with surnames like Kennedy and Kerry as well as friends of Barrack Obama through shell companies such as Solyndra and 14 other “renewable energy companies” all belly up and long gone.... with no sign off awareness, let alone a complaint from you.
Now, we have massive cuts in job k–ling regulation throughout the federal register, a 180 degree reversal of decades of job k–ling regulation, full employment, energy independence, a massive reduction in food stamps, companies making real products that real people are actually buying with real money going to entrepreneurs instead of political friends of the POTUS.
So you were wild about the Faux economy, and now are wary of an actual functioning economy, and you’re asking what my point is. I guess it’s simply CDD. Good luck to you.
https://www.verywellmind.com/what-is-cognitive-dissonance-2795012
CNN is Fake News! I have friends that work for them. It’s a real s——t show company. Would not believe a word they say. Awful, awful company. Lowest ratings ever! Don’t waste your time listening to them!
3gsy ... not sure if I get your point. There's plenty of evidence to show that current stock prices are near bubble-like levels.
From Main Street to Wall Street we’re loving our 401Ks. Neither those who were on them nor those were paying for them are missing the food stamp economy. People see what is going on.
I am sorry an auto plant job or even working full time at a Wal-Mart should not be equaled to a ride sharing job at Uber. No way, no how are they the same.
There are a ton of people out there looking for work, not counted, because of the old,outdated calculation method. Until wages ride ( and not because voters vote for it) the calculation is flawed in today's world.
Theory is low unemployment equals higher wages which equals higher inflation (not manufactured by trade wars, but by solid purchasing).
Jeez where was everyone in Econ 101.
Have difficulty believing that these trolls work in financial services above entry level clerical functions. There aren’t a lot of layoffs in the economy. Far from it, the economy is red hot across all economic indicators. USA is at full employment.
This doesn’t mean that the company you work for won’t have layoffs. Poorly managed companies fail or are acquired by competitors which modernized as times changed. It’s called competition and it’s high time that “Too big to fail” bank bailouts are ended.
If facts matter the 3.5 unemployment number is actually a record since the late 1950s. Economists consider 4% to be natural “structural unemployment”, which means full employment. Those doubters can google, go to your nearest library or take a few business classes.
Yep ... trolls. I cannot believe that anyone who is in this industry and understands the mechanics of how it actually works would consider the situation of the past 10 years post-recession to be any semblance of normalcy. Speculators and Fed QE driving everything here, real wealth being created in China.
Some of these posts remind me of the Buffet quote about the tide going out.
Take a look at the repo market and the banking system liquidity problems, partly driven by federal debt issuance. No one thought credit default swaps were interesting until they blew up. I'm sure this will all be fine - Jamie Dimon will just get the regulators to let him play with your money again!
Recessions are two quarters of economic contraction. This is the best business and worker friendly economy in 60 years due to competent management and numerous badly needed reforms. We’ll see a mild slowdown of growth for one or two quarters but no contraction. Why worry when times are good? Relax, enjoy the next 5 years and remember to salt a little away for inevitable bad times.
Recessions are a natural event in the business cycle. The problem is that the last one was just so deep and harmful, so now everyone equates recession to end of the world. Yeah it could be bad, but it could be a bump in the road, and if you are prepared financially you’ll be fine.
Ahh yes, the news stations have predicted 50 of the last 2 recessions. If they’re saying it it must be true