dawp
Lifer
- Jul 2, 2005
- 11,347
- 2,710
- 136
what's sad is he was truthful in how he saw it but was just plain wrong, which is much worse imo.
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Maybe, but what does it say when he chooses to believe nonsense despite being told he's wrong over and over again? At what point is that just lying by another name?
Yield on 2 year treasuries is higher than on 10yr treasuries for the first time since 2007. Look at linked chart and notice the correlation between this fact and recessionary periods.
If a recession does happen it will be interesting to watch Trump and other Republicans switch their rhetoric from how the good economy was totally the result of Trump but the bad economy is totally the result of literally everyone other than Trump.
Bonus points if he tries to blame Obama.
Bonus points if he tries to blame Obama.
K1052
Elite Member
- Aug 21, 2003
- 52,648
- 46,337
- 136
Bitek
Lifer
- Aug 2, 2001
- 10,676
- 5,239
- 136
Yes, that's a good clarification.
In the end, Trump is provoking damaging responses with little to nothing gained other than a sugar rush tweet his cultists to try and show "toughness" or distract from other news.
There is no policy goals here. There is no plan.
This is only contributing to the weakening of the global economy and raises taxes and recession risks in the US.
It's completely insane
they've already started it in this very thread...
https://forums.anandtech.com/thread...-how-ugly-will-this-get.2568443/post-39900313
https://forums.anandtech.com/thread...-how-ugly-will-this-get.2568443/post-39900056
they will just say that recessions aren't preventable, that we were simply due for one and that the long term outlook is still peachy.
zinfamous
No Lifer
- Jul 12, 2006
- 111,857
- 31,346
- 146
This is really the only functional result of supply-side economics, and is the intent all along. You might see maybe 5% of those "move up" to a slightly higher bracket, but the majority of that middle class suddenly finds themselves dropping a couple of tiers, trying now to pick up extra jobs to pay the bills. All of that wealth simply gets trapped with the extremely wealthy because, as expected, tax cuts went to stock buybacks and not seeding employee pension funds, increasing salaries to a reasonable pace (still drastically way the fuck behind from the rate growing from the 40s to the mid 70s), and extending benefits.
more wealth for me, just because I never earned it, less for you! The GOP way.
woolfe9998
Lifer
- Apr 8, 2013
- 16,242
- 14,243
- 136
No, Trump and his followers will claim the economy isn't actually bad. When unemployment starts to rise, he'll claim his own BLS is part of the deep state and is cooking the books.
IronWing
No Lifer
- Jul 20, 2001
- 72,852
- 33,908
- 136
The Fed has pretty much used up all its tools keeping the bubble inflated (in a decent economy). I guess they could print more money and buy bonds again though liquidity doesn't seem to be the problem at the moment. The Treasury is already in record deficit territory (in a decent economy). The Republicans are incapable of governing in good times or bad so I expect we'll just ride the barrel right over the falls.
It'll drag ass until another Democrat ends up in the office, they'll spend 8y fixing it, then Republicans will claim it as their victory?
Fix it? The best time to be astoundingly rich is when everybody else is broke, busted & begging. When they've accomplished that they will have fixed it. The Capitalist dream of the shining city on the hill surrounded by favelas will be realized.
Fix it? The best time to be astoundingly rich is when everybody else is broke, busted & begging. When they've accomplished that they will have fixed it. The Capitalist dream of the shining city on the hill surrounded by favelas will be realized.
I expect him to panic and give every possible excuse even if those excuses are mutually exclusive. So in short I expect the sum total of the excuses to be 'those numbers are all fake and anyway it isn't my fault'.
Fuck the plebes. Suck the cash out of them on the way up, beat the cash out of them on the way down & profit. Get liquid now & wait until it all falls down. Cash is King when nobody else has it.
Fuck the plebes. Suck the cash out of them on the way up, beat the cash out of them on the way down & profit. Get liquid now & wait until it all falls down. Cash is King when nobody else has it.
SMOGZINN
Lifer
- Jun 17, 2005
- 14,359
- 4,640
- 136
Unless Donny Boy thinks that he can buy our way out of a recession by printing loads of money. Then all that cash is worthless paper. Maybe the best thing to do is to buy a whole lot of liquor. The worse things get the more people want it.
Pretty sure his plan is what he has done with so many businesses, declare bankruptcy.
Ironically, this is exactly what we should do to get ourselves out of a recession but it's something the Republicans hated under Obama. Something tells me they will not mind it so much under Trump.
In right wing utopia, anybody who goes down stays down. FYGM, bitches. Shoulda been Rich.
JSt0rm
Lifer
- Sep 5, 2000
- 27,399
- 3,948
- 126
I hope everyone is prepared. I am prepped with 2 years of expenditures in cash. Im going to also stop my 401k until this volatility passes.
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