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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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@TracyofCotuit wrote:
Yes, ANOTHER Republican recession. We've all been expecting it except for Trump. When it happens he'll blame the fed or Obama or someone or something, but he won't take responsibility, not even a smidgen.

Today, Trump's blaming the media saying they are "doing everything they can to crash the economy because they think that will be bad for me and my re-election".  What a dork brain.



    

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 2 of 15
Yes, ANOTHER Republican recession. We've all been expecting it except for Trump. When it happens he'll blame the fed or Obama or someone or something, but he won't take responsibility, not even a smidgen.
Sir Granny Tracy
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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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I don't think the country is in the mood for another corporate bought-and-paid-for candidate.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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@gordyfl wrote:

"President Biden"? A little pre-mature considering we're 6 months away before anyone will cast a vote in the Primary. Then there's the General Election. With all Biden's bloopers he could find a way of making Trump actually look presidential.


You have fallen victim to the latest Republican Art Form - the transformation of molehills into mountains the same way Goebbels sold his Big Lies - repetition.

 

also, making Cadet Bonespurs look presidential is about as likely as pig poo becoming the next "in" fragrance from Chanel.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 5 of 15

"President Biden"? A little pre-mature considering we're 6 months away before anyone will cast a vote in the Primary. Then there's the General Election. With all Biden's bloopers he could find a way of making Trump actually look presidential.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 6 of 15

Hard to say why the market tanked again - too many algorythms, not enough human beings doing all the trading these days.

That said, its very possible some human intervention took place and the Market Makers are adjusting their positions for the impending Greatest Recession because Cadet Bonespurs' Trade Wars are trashing the economies of America, Europe and China all at the same time.

 

Looks like President Biden will have the same job as President Obama was handed - fixing the disaster Republicans caused.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 7 of 15

Stock Market Finished Down 800 Points.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 8 of 15

I see there's a Hashtag -- #TrumpRecession -- as President Blamed for Rising Fears of Another Economic Meltdown

 

trump dow impeach.jpg

 

Twitter: 

 

https://twitter.com/hashtag/trumprecession?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Ehashtag

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 9 of 15

@gordyfl wrote:

One day the market fell 400. Next day up 400.

 

Today the stock market was down 700. As of 1:45 pm it's down only 590 (only).

 

Dow plummets 700 points as recession worries intensify, bond market raises red flag.


https://www.usatoday.com/story/money/2019/08/14/dow-stocks-fall-recession-fears-renewed-yield-curve-...

 

 

stock market volatile.jpg

 


The Stock Market has NEVER reflected anything except the mood of traders. Now that 99% of the trading volume is done because some set of numbers triggered some unknown geeks algorythm, it doesn't even reflect any human concerns.

 

Cadet Bonespurs keep pumping the market to show he's doing great when all it reflects is a tiny number of Corporate Oligarchs are getting insanely richer every couple hours. His lofo base will never figure that out, so he'll keep up his deception as long as there's occasional upward movement.

 

What is more important than any stock numbers is the bond yield inversion that just happened - short term GOVERNMENT bond yields were HIGHER than long term. The 2-year Treasuries were paying more than the 10-year notes and now both are around 1.6%, and the 30-year T-bills are down to 2.01%.

 

Last time this happened was 2007, just before everybody realized jrbush's economic policies had been a rolling disaster - the inversion happened because some very savvy bond traders had picked up the sounds of the impending jrbush market crash and Great Recession, and invested accordingly. My bet is it just happened again, and 2020 is going to be a real stuff-storm for small investors and people who work for a living.

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Re: Odds of a recession are now (9 Aug 2019) 1 in 2 per Bank of America

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Message 10 of 15

One day the market fell 400. Next day up 400.

 

Today the stock market was down 700. As of 1:45 pm it's down only 590 (only).

 

Dow plummets 700 points as recession worries intensify, bond market raises red flag.


https://www.usatoday.com/story/money/2019/08/14/dow-stocks-fall-recession-fears-renewed-yield-curve-...

 

 

stock market volatile.jpg

 

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