HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » We may not survive this n...

Wed Aug 14, 2019, 06:42 PM

We may not survive this next recession

The last one was ugly and brutal, and we were saved by Obama, a man of class and calm which was just what we needed. If we have another 2008 style recession, to paraphrase Coach Rick Pitino, "Obama aint walking through that door, folks".

53 replies, 4072 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 53 replies Author Time Post
Reply We may not survive this next recession (Original post)
Yavin4 Aug 14 OP
enid602 Aug 14 #1
BigmanPigman Aug 14 #2
AncientGeezer Aug 14 #3
lame54 Aug 14 #6
Post removed Aug 14 #10
brush Aug 14 #18
IthinkThereforeIAM Aug 14 #33
TwilightZone Aug 14 #11
Lochloosa Aug 14 #15
brush Aug 14 #21
edhopper Aug 14 #22
Woodycall Aug 14 #24
brush Aug 14 #37
Woodycall Aug 15 #40
captain queeg Aug 15 #51
A HERETIC I AM Aug 15 #41
brush Aug 15 #42
A HERETIC I AM Aug 15 #43
brush Aug 15 #46
uponit7771 Aug 15 #47
Sneederbunk Aug 14 #4
empedocles Aug 14 #5
3Hotdogs Aug 14 #8
empedocles Aug 14 #9
Xolodno Aug 14 #32
empedocles Aug 14 #7
Jarqui Aug 14 #12
ck4829 Aug 15 #50
Turbineguy Aug 14 #13
ProudLib72 Aug 14 #31
BannonsLiver Aug 14 #14
IthinkThereforeIAM Aug 14 #34
Hotler Aug 14 #16
srobertss Aug 14 #25
IthinkThereforeIAM Aug 14 #35
Blue_true Aug 14 #17
bucolic_frolic Aug 14 #19
Yavin4 Aug 14 #28
keithbvadu2 Aug 14 #20
ck4829 Aug 15 #49
EveHammond13 Aug 14 #23
Coventina Aug 15 #44
sandensea Aug 14 #26
AdamGG Aug 14 #27
jmbar2 Aug 14 #29
TheCrankyLiberal Aug 14 #30
klook Aug 14 #36
roamer65 Aug 14 #38
PoindexterOglethorpe Aug 15 #39
NCLefty Aug 15 #45
Loki Liesmith Aug 15 #53
ck4829 Aug 15 #48
Loki Liesmith Aug 15 #52

Response to Yavin4 (Original post)

Wed Aug 14, 2019, 06:49 PM

1. Shootings, recession . . .

It’s starting to look a lot like tRumpageddon.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 06:53 PM

2. This may be the price we literally pay to get rid of tRump.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 07:00 PM

6. Not even close?...

He gets no credit whatsoever?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to lame54 (Reply #6)


Response to lame54 (Reply #6)

Wed Aug 14, 2019, 08:44 PM

18. Please. Ford and GM and even Chrysler still being around is because Obama refused to let them...

Last edited Wed Aug 14, 2019, 09:47 PM - Edit history (1)

go under like the repugs were calling for. I don't know about you but I was around then. Why don't you remember that? And then there is the stimulus package he also pushed for.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brush (Reply #18)

Wed Aug 14, 2019, 09:58 PM

33. And every southern GOP Senator with foreign car makers in their states wanted the Big 3 to die...


... something that I vividly remember.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 07:14 PM

11. There is zero question that Obama helped, particularly with the stimulus.

"Five years later, it is clear to all fair-minded economists that the stimulus did work, and that it did enormous good for the economy and for tens of millions of people. "

https://www.nytimes.com/2014/02/23/opinion/sunday/what-the-stimulus-accomplished.html

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 07:22 PM

15. Wow! Read really? Okey dokey

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 08:49 PM

21. Try that inaccurate line with auto workers at GM, Ford and Chrysler. The repugs wanted to let them..

fail but Obama worked out a package where they stayed in business. Imagine this country without an auto industry—talking about 3rd-world status—you don't let those hundreds of thousands of jobs disappear and still have a healthy economy. And I'm counting all of the suppliers and restaurants and other businesses that operate near auto plants and depend on the auto workers for much of their business.

It was the great recession, not just any run-of-the-mill downturn. It was the worst since the great depression and it almost became that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 08:55 PM

22. You are very wrong about that

he did save the economy, I wish he had done more, like make Wall Street pay for their crimes. But the world economy was on the verge of something truly bad. His actions stabilized it. And the debt is called Keynesian Economics, look it up. And FDR while you are at it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 09:15 PM

24. Oh really?

The debt burdens Obama inherited were non-dischargeable obligations left to him by W's administration. They were on our national "books" or "baked in the cake" as they say because of (among other things) the Bush tax cut, the war in Afghanistan, and the war in Iraq. A small amount of the earlier deficits were due to the bailouts which were eventually repaid with interest. In short, the Bush debt obligations were assumed by the Obama administration and that debt was in the process of being mitigated throughout Obama's term. The deficit and debt increased by decreasing amounts under Obama, which means they were on-track to being "paid off" in common parlance. I know this because I pay attention, I understand such things, and I was there. Where were you?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Woodycall (Reply #24)

Wed Aug 14, 2019, 10:42 PM

37. We must remember that Bush borrowed money for the Iraq war from China but kept that debt off the...

books. The Obama admin. shouldered that burden and put it ON THE BOOKS and along with W's other debts, proceeded to dig the country out of the steep hole Bush's policies dug us into.

Btw, W inherited a large budget surplus from Clinton which he squandered with a tax cut that hardly amounted to anything to the average American. So O not only dug us out of the hole where we were losing 700k jobs a month to one creating 250-300k a month. He turned over an expanding economy to trump who takes credit for what Obama built from a DOW of 7550 to nearly 20,000 when he left office.

After the continued Obama expansion for trump's first year (which he takes credit for), the trump economy has stayed in a trading range from 23500 to 26700— it just goes up and down in that range which it never breaks out of. It's hard to make money off the ups and downs if you're just an average 401k person as your value will just go up and down with the market.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brush (Reply #37)

Thu Aug 15, 2019, 01:16 AM

40. Abso-fucking-lutely

As of the year 1999, the national debt was on-tract to be COMPLETELY paid off by ~2010-2012. But very few remember that and even fewer really understand it. And that's what the powers that be count on. And so it goes on and on and on and on.....

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Woodycall (Reply #40)

Thu Aug 15, 2019, 08:20 AM

51. I remember it well

I can’t understand how the repugs sell themselves as the fiscally Conservative party. They have finally stopped touting themselves as such since their tax breaks for the rich got pushed thru. I guess even they knew what a joke it was.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brush (Reply #37)

Thu Aug 15, 2019, 01:32 AM

41. When you say "Bush borrowed money for the Iraq war from China".....

How do you mean that, exactly?

Did Bush, or the US Government in some form of another go to the Chinese leadership or some central bank of theirs, hat in hand, and ask for a loan?

IS that what you are saying?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to A HERETIC I AM (Reply #41)

Thu Aug 15, 2019, 01:50 AM

42. Supplemental and emergency appropriations...borrowed money not raised domestically

When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed.

The most striking fact about the cost of the war in Iraq has been the extent to which it has been kept "off the books" of the government's ledgers and hidden from the American people. This was done by design.


The most obvious way in which the true cost of this war was kept hidden was with the use of supplemental appropriations to fund the occupation. By one estimate, 70% of the costs of wars in Iraq and Afghanistan between 2003 and 2008 were funded with supplemental or emergency appropriations approved outside the Pentagon's annual budget.


https://www.theguardian.com/commentisfree/2013/mar/11/us-public-defrauded-hidden-cost-iraq-war

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brush (Reply #42)

Thu Aug 15, 2019, 02:36 AM

43. OK...wait a sec...I know it's late....

"borrowed money not raised domestically"

What do you mean by THAT?

Because that statement or any sentiment, inference or anecdote that even resembles that idea appears nowhere in the article you quoted from and linked.

Here's where I'm going;

The money spent is a result of the sale of US Treasury bonds. ALL deficit spending of the US Government is gotten that way, with VERY few exceptions, and those exceptions are typically clandestine and relatively minimal (think Iran/Contra).

The idea that it was "not raised domestically" is not accurate to the extent that US Treasuries are auctioned at the Federal Reserve Bank of New York, and no one, not China, Japan or your Aunt Millie is required to purchase these debt securities and the US Government does not physically go to other countries or banks or sovereign wealth funds or whatever and ask for money.

These bonds are auctioned off and willingly purchased by entities who view them as a safe way to preserve capital and make some interest payments along the way.

We don't "Borrow money from China" as is so often mentioned here and elsewhere. China holds Treasury Bonds and they are free to buy and sell them at any time to any willing buyer. When any series they hold matures, the Treasury pays them the face value, in full (In US DOLLARS, mind you). What they aren't able to do is demand early redemption. In other words, they can not in any way, shape or form, demand the US Treasury pay them in full for bonds they hold before their maturity date.

Any such request and they would be laughed right out of the building.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to A HERETIC I AM (Reply #43)

Thu Aug 15, 2019, 06:56 AM

46. China holds a good percentage of US debt. That's pretty commonly known...thru bonds, or however.

This was no secret once financial reporters got on the story tbat the Iraq war debts weren't on the books.

You can easily research it more yourself you know as to why the financing of the war was kept secret for as long as possible from the public.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AncientGeezer (Reply #3)

Thu Aug 15, 2019, 07:43 AM

47. This is false on its face

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 06:57 PM

4. Anyone wishing for a recession is a damned fool.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Sneederbunk (Reply #4)

Wed Aug 14, 2019, 06:59 PM

5. Economic cycles happen. Just look at 200 years of various economic charts.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to empedocles (Reply #5)

Wed Aug 14, 2019, 07:07 PM

8. Anybody wanna buy some extra tulips I got for sale? Cheap.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to 3Hotdogs (Reply #8)

Wed Aug 14, 2019, 07:09 PM

9. 1 special tuplip traded at the right time, got a whole, working farm and a

whole lot more - back then.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to 3Hotdogs (Reply #8)

Wed Aug 14, 2019, 09:55 PM

32. LMAO!!!!

I wonder how many here are getting that reference!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 07:04 PM

7. The massively exposed, [by the Information Age], widely despised trump;

may provide a tremendous opportunity to set the ship of state on a much better course. [After great pain and suffering make the wrongs sink in.]

[Of course the perennial problems of excess greed, hate, stupidity, megalomania, etc. need to be effectively checked and balanced].

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 07:14 PM

12. It is more scary this time around

Interest rates are already pretty low.
Trump already spent the equivalent of a stimulus on the top 1% tax break and ballooned the deficit.

The world confidence in the US to spend their way out of this one has to be at an all time low.

I'm frightened this could be beyond a recession - maybe a depression. We have a buffoon at the wheel whose only repetitive financial record is bankruptcy and borrowing from Russian oligarchs.

The only positive is that it would eliminate any chance of him being reelected. I suspect the GOP already have someone waiting in the wings to run in 2020 anyway ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jarqui (Reply #12)

Thu Aug 15, 2019, 08:12 AM

50. Yep

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 07:19 PM

13. The last recession was powered by

bad lending practices and rampant risk taking by Wall Street.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Turbineguy (Reply #13)

Wed Aug 14, 2019, 09:36 PM

31. Agreed

It's apples and oranges. I don't want to speculate based on this comparison. The one and only thing I will say about it is that I hope the 1% have to pay dearly for the recovery.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 07:19 PM

14. If there is a recession before the election he will be gone

I’m pretty confident any of the leading Dems are competent and able enough to clean it up, just like last time.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BannonsLiver (Reply #14)

Wed Aug 14, 2019, 10:03 PM

34. Yep... looking at the 20 or so Democratic candidates we have at this time...

... it appears the incoming cabinet positions will have some qualified people to fill the secretary positions available.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 08:37 PM

16. Give President Obama credit for the stimulus. Give Nancy credit for the bailout.

"It was, according to accounts filtering out of the White House, an extraordinary scene. Hank Paulson, the US treasury secretary and a man with a personal fortune estimated at $700m (£380m), had got down on one knee before the most powerful woman in Congress, Nancy Pelosi, and begged her to save his plan to rescue Wall Street."

https://www.theguardian.com/business/2008/sep/27/wallstreet.useconomy1

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Hotler (Reply #16)

Wed Aug 14, 2019, 09:17 PM

25. Quite an article!

I wasn’t paying close attention back then. I had no idea that Obama and McCain were part of the planning on the stimulus and that they were fighting Republicans arguing for more deregulation. I’m trying to imagine Trump bringing a bipartisan meeting together under similar circumstances. We are in big trouble if this keeps developing. Is it possible that McConnell might actually swallow his hubris and try to bring in saner heads if the economy is on the line? Am I crazy for even posing the question?

But even if they did come to their senses a bit, as others have mentioned, it doesn’t seem like we have any maneuvering room with interest rates so low and the deficit so high.

Part of me has been half hoping for the economy to take a downturn just to unravel support for these clowns. But the other part of me knew that was wishing for a lot of suffering. And now I realize I had no idea how relatively well Republicans and Democrats coalesced together to minimize the damage in 2008.

Wow. We are truly in a precarious position.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to srobertss (Reply #25)

Wed Aug 14, 2019, 10:07 PM

35. Your last paragraph echos my sentiments exactly...


... I hate to say this, but sometimes, some folks only begin to realize things after they have been hit between the eyes with a 2x4.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 08:42 PM

17. We need to focus on defeating Trump, increasing the House majority and

retaking the Senate. Nancy Pelosi will likely hold things toghether with bailing wire until we give her a democratic President and Senate in January 2021, so that things can start getting fixed.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 08:45 PM

19. Because of 15 years of low interest rates

which haven't been above about 5% since 2001, and were .25% QE1-2-3, we have overcapacity in everything. The Greenspan years were about overcapacity and created the housing bubble. Now we have more overcapacity. Small company stocks? Biotechs? There must be 5000 microcap biotechs with negative earnings for decades to come, some losing $15, $30, $85 a share ... yet able to float stock and borrow more. How much more consumer electronics do we need from China? More luxury autos and auto loans. People are underwater on their auto loans, 25% or something like that are behind in their loans. The shakeout is coming.

I think the Florida housing bubble of the 1920s is the closest thing to this time period. We're headed for a hosing and a cleansing. The Trump tax cuts will make it impossible to revive, or maybe clawing back some of those cuts will help.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bucolic_frolic (Reply #19)

Wed Aug 14, 2019, 09:23 PM

28. Does Jeff Bezos' yacht help? n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 08:47 PM

20. Will the Trumpsters still brag that it is the Trump economy?

Will the Trumpsters still brag that it is the Trump economy?

'Only I can fix it.'

Reply to this post

Back to top Alert abuse Link here Permalink


Response to keithbvadu2 (Reply #20)

Thu Aug 15, 2019, 08:11 AM

49. LOL

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 09:08 PM

23. I hope every farmer who voted for trump ends up living in the gutter

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EveHammond13 (Reply #23)

Thu Aug 15, 2019, 02:57 AM

44. I hope every PERSON who voted for Trump ends up in a gutter.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 09:21 PM

26. We survived all those 19th century crises and the Depression - we'll make it through the Trump Slump

And look at other countries. Some of them have had several depressions in the last century - and they're still there.

A bit frayed around the edges, but still there.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 09:23 PM

27. Trump's billionaire tax cuts have robbed the funds for any government stimulus

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 09:29 PM

29. One source of stimulation would be college loan forgiveness

It would free up huge amounts of spending power among young families. One of the few levers I can think of.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 09:30 PM

30. I'll probably get summarily silenced for this but...

The last thing we want to do in an emotion/speculative economy is start screaming recession just yet. It does appear that's where things are heading but at the same time, why doesn't anyone acknowledge that the sharper the rise the quicker the fall.
This was the whole reason behind Bernakes "quantitative easing" to control the dip while synthesizing growth, holding it and then allowing the sectors that influence market growth the catch up. We did this by inflating our currency, thus manipulating our currency's worth. Something conservatives for a long time have railed against because it makes us less able to handle natural market corrections.
China devalued their currency to handle the tariffs and I venture to guess that had we not come from a situation where we had ridden the last year of a bull economy with an artificially inflated currency, their devaluation wouldn't have effected our market so hard.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 10:19 PM

36. Where Is That Stock And Dollar Crash I've Been Waiting For All These Years?

Where Is That Stock And Dollar Crash I’ve Been Waiting For All These Years?
- from Mark-Jan Werner Blog, 2014

Fear sells. For years a big fear-mongering industry has been putting out books and articles about how the economy is going down the drain soon and the U.S. dollar will be worth less than the paper it is printed on. The bears have been saying this for years. Here are a few (hilarious) examples of “Doom & Gloom” books over the years that I found.

Below is picture of an impressive 300-page book by Doug Casey called “Crisis Investing: Opportunities and Profits in the Coming Depression“. In this book Doug Casey makes the case that the market is about to crash any minute now! The dollar will be destroyed soon and the stock market is going to zero. The next great depression is just around the corner. You have to act fast before all your wealth, that you have been carefully building up for years, will vanish in front of your eyes! But wait.. Let’s check something.. When did this book hit the shelves? July 1980?! There certainly hasn’t been a “new great depression” since then.
- More at link








I'm not saying we won't have a serious correction soon, or even a recession... because nobody can predict these things. However, the U.S. economy has been robust over the long haul. Spans of several years over the past hundred years show ups and downs, with overall economic growth, even including the Great Depression of the 1930s.

Don't get me wrong: I've been anticipating a serious downturn in the American economy every since Drumpfenfuhrer slithered into the Oval Office, and I still am. But, given the many economic catastrophes the U.S. has recovered from, I don't see the damage being permanent. Long-lasting? Sure, that's a distinct possibility. We shall see.

In the meantime, it's prudent not to carry too much debt if possible, and to have as much of a savings cushion as feasible. I know, that's a tall order for many of us, and so there is real danger of serious repercussions making life difficult for a lot of Americans. For that reason, as much as I want to see Trump go down -- and a severe recession in 2020 would certainly help that cause -- it would also cause a lot of misery and hardship. So I don't relish the thought.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Wed Aug 14, 2019, 11:47 PM

38. Get ready for negative interest rates and dollar devaluation.

The only way out of $22T plus of debt is to inflate.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Thu Aug 15, 2019, 12:04 AM

39. Really? In what way not survive?

Everyone will lose their homes and all 300 and some million of us will be homeless? There will be massive starvation?

How exactly are you defining "not survive"?

Be realistic. Then scroll up and reread klook's excellent post.

People love to predict a crash and a horrible, horrible Depression. While not to underplay the actual financial pain and disruption of the recent recession, it was hardly the end of everything. And all here who smugly sold all of their stocks when Trump was elected, have sat out a pretty serious rise in the stock market.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Thu Aug 15, 2019, 03:55 AM

45. Nah. That recession was a (predictable) housing crash based on shitty banker behavior (primarily).

This one, unless I hear differently, is a more garden-variety down-swing. Which would be Not At All the same. The Bush Jr. Economic Disaster required unpopular "bail-outs" and such to correct it. This one would require Sound Fiscal Responses to counter it.. and eventually we level out and start growing again. Of course, Trump is president, and tries to fuck with the interest rate by berating the Fed chairman on Twitter, so... /shrug?

2020 isn't far away. If the economy starts really tanking, for any reason, Trump will be out like a bad stain and we Democrats will fix it again, just like Obama had to do for Bush Jr.

Disclaimer: This is not my field of expertise so I probably don't know what I'm talking about :p

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NCLefty (Reply #45)

Thu Aug 15, 2019, 09:05 AM

53. Correct take

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Thu Aug 15, 2019, 08:10 AM

48. K&R

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Yavin4 (Original post)

Thu Aug 15, 2019, 09:04 AM

52. Unlikely

The last recession was working off a huge distortion in the market in a massive sector. This next recession seems to be a conventional business cycle recession.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread