Is this a good sign? Maybe the recession isn't going to happen (wishful thinking). Credit Suisse what happened to you guys? https://www.nytimes.com/2019/06/27/business/fed-stress-tests.html
The next one will be immigrants, legal or not, leaving the country all at once
Next recession begins when free market Republicans (like the current one) lose the White House and Congress
How is this administration free market? They are imposing tariffs all over the place and picking winners and losers...
This. Tariffs and trade wars are anything but free market. Fucking moron in the White House doesn't even understand what "trade deficit" actually means.
The most important part of the article is at the end. Fewer banks were tested and banks will be tested less often. Sounds like a recipe for disaster.
The risk controls have in fact tightened compared to 2008, so there is in fact lower risk.
Cars
Yesterday
1816
Cyber truck killer: Chinese version of EV truck
Tech Industry
Yesterday
3724
I do tech screens at Google. AMA
India
14h
2767
Why is it so G*damn difficult to move money out of India
AMA
Yesterday
2920
I have worked at TikTok US core tech for 3 years. AMA.
Health & Wellness
12h
807
Issues with sleep
No, it only means that if the the recession is like one that happened last time hits us then the biggest banks will not drag us down to abyss. It happened so that the last one was about financial firms, doesn’t mean that the next one will be similar
This. It definitely doesn't mean "no recession." It means "if recession, banks won't go Bear Stearns on us."