I see no mention of the most accurate indicator of a looming recession that has been flashing RED (the color, not my good friend the poster from the opposite side of the ideological chasm) The treasury yield curve which has been inverted (first time this decade) for the last few months. It just, in the last few days, uninverted (by less than one basis point) for the first time since May as a result of the Fed announcing a rate cut at end of July (gee... I wonder why they’re panicking). There has been no more accurate indicator of a looming recession than this curve over the last 40 some years.
Of course when I enlighten my friends on the right to the FACTS of such, as they’re toasting their market windfalls and tax breaks...They retort, “just like a liberal... rooting for a recession”. To the contrary, who the F roots for a recession? I don’t keep my head in the sand when it comes to the future of my company and career no matter who is in office. Let alone worship at the altar of a serial stiffer, defaulter and BK filer who also has very little vested interest in the market. I update my resume and prepare for the inevitability, regardless of leadership, of economic downturn.
Yes, inevitable. Is the right so high on the Trump drug they think we will somehow avoid what history and economic math proves unavoidable within our economic model of free enterprise (please don’t argue excessive regulation, it’s baked into the equation either way)? As sure as the sun rises and sets, so too does EVERY economy.
Outside of that, I find it quite interesting that Trump and his sycophants love to tout the stock market when the FACT is that almost half of Americans have NO vested interest in the market.
Further... here’s a nice little factoid for the fallacious (and fellatious) Trumpists.
We just reached a record milestone for consecutive months of GDP growth, something like 120 or thereabouts and about 110 of job growth. Can anyone tell me how many months Trump has been in office??? 30ish? Hmmmmm... riddle me that oh ye of the TRAGICALLY CONNED CLOWN TROOP (say that 3 times real fast). I know Trump is otherworldly, just ask him, but how did he pull that one off? Growing the economy years before he took office? Truly amazing.
Oh yeah... how’s that debt doing that Trump claimed he could erase in less than one term (via default of course)? Skyrocketing!!! Must be Obama’s fault, like all that economic growth.
Now the question is, will my queries be met with coherent, fact-laden rebuttal and lucid discourse, or the usual Trump/FoxFakeNews broad-stroke diversionary talking points?