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Wed Aug 14, 2019, 04:50 PM

MAGAt MELTDOWN in Fox Business "comments" section after reporting on "recession indicator"

Trump supporters freak out at Fox Business after it reports that a top ‘recession indicator’ is ‘flashing red’

The inversion of the U.S. Treasury yield curve on Wednesday sparked fresh fears of a coming recession in the United States — and even President Donald Trump’s favorite business network reported on it.

An article by Fox Business’ Jonathan Garber features the headline “Recession indicator with perfect track record flashing red,” and it contains plenty of unwelcome news for the president as he prepares to head into a tough reelection fight.

“The yield curve is blaring a recession warning,” Garber writes. “The spread between the U.S. 2-year and 10-year yields on Wednesday turned negative for the first time since 2007. Such a development has occurred ahead of each and every U.S. recession of the last 50 years, sometimes leading by as much as 24 months.”

Needless to say, this news did not sit well with the Trump fans in Fox Business’s comments section.

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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 04:54 PM

1. I am expecting devastating financial conditions very soon. It is what Putin has ordered rump

to do, and he is.

Add to that the unregulated actions of Wall street, and holy god it is gonna be bad.

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Response to Eliot Rosewater (Reply #1)

Wed Aug 14, 2019, 07:03 PM

5. Elucidate

I need to expand my thinking because the financial gurus i follow aren't talking about it.

It's like QE1-2-3: Financial journalists and headline investors agreed: the Fed is creating "distortions" in the economy. But no one ever told us what they meant. Took me 8 years to figure it out: we have overcapacity, and debt is keeping many companies afloat.
Now the wreckoning is just about here.

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Response to bucolic_frolic (Reply #5)

Wed Aug 14, 2019, 07:50 PM

11. "Wreckoning!" Brilliant pun. I'm stealing it. nt

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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 05:00 PM

2. Putin's puppet

Will just have them claiming its fake news.

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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 05:04 PM

3. Trump's got it all under control.





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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 06:12 PM

4. imma take your word for it.

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Response to mopinko (Reply #4)

Wed Aug 14, 2019, 07:18 PM

7. Yeah, I didn't post their anguished cries, because they're all "Republican Talking Points." n/t

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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 07:11 PM

6. Here we go again

Republicans destroy the economy
Democrats fix it
stupid voters do not learn and put republicans back in charge
Republicans destroy the economy
Democrats fix it
stupid voters do not learn and put republicans back in charge
Republicans destroy the economy
Democrats fix it
stupid voters do not learn and put republicans back in charge
etc.

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Response to Perseus (Reply #6)

Wed Aug 14, 2019, 07:20 PM

8. Well this time they may get plastic straws.

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Response to Perseus (Reply #6)

Wed Aug 14, 2019, 07:48 PM

10. One more time....

This time with a little feeling! Who knew?

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Response to Perseus (Reply #6)

Wed Aug 14, 2019, 09:46 PM

15. That should be on billboards.

But leave "stupid" out, just start with "voters". Also add, that has been true since 1902.

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Response to Miles Archer (Original post)

Wed Aug 14, 2019, 07:25 PM

9. Experts say it's a recession predictor, but real recession won't hit for at least a year. Which

Trump will claim is the NEXT president's fault.

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Response to ancianita (Reply #9)

Wed Aug 14, 2019, 07:52 PM

12. As long as the next President is a Democrat with Democratic House and Senate, he can say whatever...

As long as he is out of office, he can complain all he wants from his prison cell.

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Response to ancianita (Reply #9)

Wed Aug 14, 2019, 08:53 PM

13. +1, his minions will eat it up but its good this indicator is flashing red now and we'll have

... something factual to throw at MAGA Cultist.

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Response to ancianita (Reply #9)

Wed Aug 14, 2019, 08:56 PM

14. He's already saying it's the Federal Reserves fault.

He never takes responsibility for anything.

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