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Re: RESESSION 2020 ?

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Message 21 of 39

@ChasKy53 wrote:

@rk9152 wrote:

@ManicProgressive wrote:

@rk9152 wrote:

@ManicProgressive wrote:

We generally get a recession of sorts every 10 years or so...and there is no evidence the President or Congress is trying to prevent or mitigate one...


That is a good point. The free market economy does have ebbs and flows and tends to self correct. The problem comes up when government interference thinks it can change nature (or put problems off to the next guy). A great example is the most recent crash that started with the collapse of the housing market. The housing market had been unnaturally inflated by government action.

 

A basic truth - the bigger the boom, the bigger the bust. So, it's best to let the market correct itself.


Nope. That’s false. The housing market crashed because of securitized mortgages. Private, free market actions. 


Nope, it's true. The boom got overheated by government actions to get people into homes they couldn't afford. The actions of Freddie and Fannie contributed quite a bit. Yes, the banks were involved but they were following government guidelines. 

 

It was like many Liberal ideas - noble but naive.


Securitized mortgages caused the crash. Banks need regulated, all finance and investment industries do.


O.K. - but how does that get people into homes they can't afford - the objective of the Clinton Administration continued by the Bush Administration??

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Re: RESESSION 2020 ?

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Message 22 of 39

RK  why do you have to blame "the liberals "  for whatever happens in this world.?don;t you think that more than the Liberals there are others that actually have as much blame?

What has happened to your own posts and de deficit? is that forgiven? now is not important. are you beinbg upset about your investments and assets in the market? do you really b elieve that we will recuperate?

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Re: RESESSION 2020 ?

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Message 23 of 39

@rk9152 wrote:

@ManicProgressive wrote:

@rk9152 wrote:

@ManicProgressive wrote:

We generally get a recession of sorts every 10 years or so...and there is no evidence the President or Congress is trying to prevent or mitigate one...


That is a good point. The free market economy does have ebbs and flows and tends to self correct. The problem comes up when government interference thinks it can change nature (or put problems off to the next guy). A great example is the most recent crash that started with the collapse of the housing market. The housing market had been unnaturally inflated by government action.

 

A basic truth - the bigger the boom, the bigger the bust. So, it's best to let the market correct itself.


Nope. That’s false. The housing market crashed because of securitized mortgages. Private, free market actions. 


Nope, it's true. The boom got overheated by government actions to get people into homes they couldn't afford. The actions of Freddie and Fannie contributed quite a bit. Yes, the banks were involved but they were following government guidelines. 

 

It was like many Liberal ideas - noble but naive.


Securitized mortgages caused the crash. Banks need regulated, all finance and investment industries do.


"The only thing man learns from history is man learns nothing from history"
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Re: RESESSION 2020 ?

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Message 24 of 39

@KidBoy2 wrote:





U.S. economy adds 155,000 jobs in November, below expectations. Unemployment rate was 3.7 percent.

“Most measures of the U.S. economy have been holding up quite nicely,” said Mark Hamrick, senior economic analyst at Bankrate, a personal finance website. “The question is: How much slowing is there on the horizon?”

Some economists worry 2018’s growth pace isn’t sustainable next year with such a tight labor market. The unemployment rate reached 3.7 percent in September and has since held that level.

Employers complain a talent shortage is thwarting their growth plans, asserting it is increasingly difficult to find people with the right skills.

That’s good news for employees, though. Heightened competition seems to be driving up wages after years of lagging since the Great Recession.

The Labor Department’s October jobs report showed the typical worker’s earnings had grown by 3.1 percent in the past year — the biggest jump since 2009. Wage growth stuck to that rate in November. Some of that increase, however, is being eaten up by inflation, which has also ticked up this year.

Health care, professional services and transportation and warehousing — work tied to online shopping — have led the recent hiring spree, and manufacturing has seen unusually high levels of growth, with an increase of 288,000 jobs over the past year.

==============================================================

I look for the economy to slow...its hard to keep it going at the rate we have have had for the last years.

Your hate of Trump shows in your posts...for that you are with the majority of posters.

Someone's hatred of Obama and his family showed in their never-ending postings about how much the Obama's spent on vacations during Obama's tenure as POTUS.  This same poster shows blind allegiance to trump by not posting that trump has spent more on golf vacations in 2 years than the Obama's spent in 8 years. Not one criticism of trump. Cult-like.


"The only thing man learns from history is man learns nothing from history"
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Message 25 of 39

@ManicProgressive wrote:

@rk9152 wrote:

@ManicProgressive wrote:

We generally get a recession of sorts every 10 years or so...and there is no evidence the President or Congress is trying to prevent or mitigate one...


That is a good point. The free market economy does have ebbs and flows and tends to self correct. The problem comes up when government interference thinks it can change nature (or put problems off to the next guy). A great example is the most recent crash that started with the collapse of the housing market. The housing market had been unnaturally inflated by government action.

 

A basic truth - the bigger the boom, the bigger the bust. So, it's best to let the market correct itself.


Nope. That’s false. The housing market crashed because of securitized mortgages. Private, free market actions. 


Nope, it's true. The boom got overheated by government actions to get people into homes they couldn't afford. The actions of Freddie and Fannie contributed quite a bit. Yes, the banks were involved but they were following government guidelines. 

 

It was like many Liberal ideas - noble but naive.

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Re: RESESSION 2020 ?

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Message 26 of 39

@rk9152 wrote:

@ManicProgressive wrote:

We generally get a recession of sorts every 10 years or so...and there is no evidence the President or Congress is trying to prevent or mitigate one...


That is a good point. The free market economy does have ebbs and flows and tends to self correct. The problem comes up when government interference thinks it can change nature (or put problems off to the next guy). A great example is the most recent crash that started with the collapse of the housing market. The housing market had been unnaturally inflated by government action.

 

A basic truth - the bigger the boom, the bigger the bust. So, it's best to let the market correct itself.


Nope. That’s false. The housing market crashed because of securitized mortgages. Private, free market actions. 

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Re: RESESSION 2020 ?

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Message 27 of 39

@ManicProgressive wrote:

We generally get a recession of sorts every 10 years or so...and there is no evidence the President or Congress is trying to prevent or mitigate one...


That is a good point. The free market economy does have ebbs and flows and tends to self correct. The problem comes up when government interference thinks it can change nature (or put problems off to the next guy). A great example is the most recent crash that started with the collapse of the housing market. The housing market had been unnaturally inflated by government action.

 

A basic truth - the bigger the boom, the bigger the bust. So, it's best to let the market correct itself.

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Re: RESESSION 2020 ?

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Message 28 of 39

.

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Message 29 of 39

Can the U.S. pay down the debt during a recession? Highly unlikely, unless the American people are willing to tolerate a high measure of austerity. The politicians will want us to tighten our belts - including with Social and Medicare - probably for future generations. 

 

That has been the Republican plan all along.

 

It's called starve the beast.

 

Run up debt and force the American people to choose between tax increases or cuts to social spending.

 

It's worked for Republicans in the past, but times are changing, it's not just blue collar workers affected now and in the future, white collar workers who are college educated are affected, as are their children.

 

 

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Message 30 of 39

I believe the Corporate Tax Cut postponed the inevitable recession. The problem is Trump's tax cuts put our nation another $Trilloin into debt (No, they're not going to pay for themselves). Sooner or later we will have to pay down that debt. (Remember Bush Tax Cuts were passed while we were racking up debt to pay for the Iraq War?) 

Can the U.S. pay down the debt during a recession? Highly unlikely, unless the American people are willing to tolerate a high measure of austerity. The politicians will want us to tighten our belts - including with Social and Medicare - probably for future generations. 

Even though the tax cuts kicked the recession can down the road, I think the Trade War will speed it up again.

Washington will probably push an infrastructure program to stimulate the economy, but that will continue to push us deeper into debt as a nation. 

Congess will be spared the blame. They will blame "Trump, Trump, Trump", which to some degree would be unfair. 

 

tax cuts pay themselves.jpg

 

Blue skies

All of them gone
Nothing but gray skies
From now on

 

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