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Post by scumbuster on Oct 31, 2019 13:00:09 GMT -5
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Post by gallito on Oct 31, 2019 13:53:45 GMT -5
Yup maybe not now,next year economy will start to slow down,stock market manipulation will catch up.A prolonged China trade war will come into play,and as well a failing global economy.Good chance of a recession before 2020 elections.
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Post by james on Oct 31, 2019 20:43:12 GMT -5
Yup maybe not now,next year economy will start to slow down,stock market manipulation will catch up.A prolonged China trade war will come into play,and as well a failing global economy.Good chance of a recession before 2020 elections. If the Demos had their way, the US would fall into recession before the middle of next year. But I don't believe that it will happen. The Transportation Infrastructure Act of 2019 is the largest amount of funding for infrastructure improvement in history. As the projects are started and this money makes its way into the economy it will bolster the the economy and prevent it from going into recession. In every election the bottom line is the economy. Other factors ... Immigration, health care, gun control, global warming, foreign relations, etc., all take a back seat to the economy. If people are employed and have money in their pockets that is what really counts. Years ago, the US went into recession about every 10 years, but that has changed to every 7 years now. This is because of what I call the credit reporting cycle. After the financial crisis of 2007-2008, many people became delinquent on their bills, had bad credit reports, and could not get any more credit. This is why the sale of big ticket items (homes, cars, etc.), dropped significantly. These derogatory marks stayed on their credit reports for 7 years before dropping off (it used to be 10 years ). After the 2008 crisis, the economy went into recession and stayed there until 2015 before recovering. It recovered because the derogatory info on people's credit reports began dropping off and they were able to get credit and began spending again. With good credit people buy things, businesses do well, workers are hired and spend money and everything is fine until people overextend their credit, become delinquent again and the cycle repeats itself. So ... I don't think we will have a recession until 2022 or thereabouts. Time will tell. - JAMES
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