Economics 101 for idiots who don't believe we are on the onset of a recession

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yODa40

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yODa40
Dec 21, 2018 17 Comments

https://www.businesscycle.com/

1. GDP, Employment, Corporate profits are lagging indicators
2. For leading indicators, Fed has a model, but a better one is found below (Weekly Leading Indicator)

Our Economy peaked around Jan 2018 and has been pretty much down since.

Things would probably have gone better if there wasn't a big orange baboon and his clueless merrymen had

i) not started a trade war,
ii) not passed the ill-advised tax cut benefiting the rich, but hurting middle-class in productive Blue States (CA, NY, NJ, MA) and increased deficits.
iii) removed data-driven Obama-appointee Janet Yellen and replaced with a rhetoric-driven, conservative-hawk Powell
iv) basically threw the global economy in utter chaos (See Fedex CEO earning's call).

Unlike previous recessions which was handled masterfully by Ben Bernanke and Paulson/Geithner, this recession handling will be 100% botched by Fox News Driven policy making Traitor-in-Chief who will probably look to Alex Jones to give him economic advice. Expect him to destroy the healthcare market, low-end retail (cutting benefits for the poor), and diverting cash to non-productive military exercises

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 TOP 17 Comments
  • You're a moron. What you're seeing happened because fed hiked rates.
    Dec 21, 2018 2
    • Google
      yODa40

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      yODa40
      OP
      dumbass, did you even fucking look at the WLI chart that I linked to?
      Dec 21, 2018
    • Amazon / Mgmt
      Moneymoves

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       Moneymoves
      Haha he’s such an idiot, fed hikes happened a while back - the market crashed today even after the feds signaled a reversal. You definitely don’t understand shit about economics.
      Dec 21, 2018
  • Cisco
    ChuckRobbi

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    ChuckRobbi
    I agree to all of it except Powell. I think Powell should've been fed chair in 2016.

    This guy realizes that the bubble should not have been Inflated in the first place. But because of legacy, he's going to have to be the dark Knight who deflates these ungodly asset prices and asset inflation
    Dec 21, 2018 1
    • Google
      yODa40

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      yODa40
      OP
      Ha Ha classic clueless Austrian economics junk theory.
      This is also the reason why the recession will be deeper. The Moron President and the bully party of America’s policy is literally driven by Fox News and Infowars
      Dec 23, 2018
  • Twitter
    Oomnj

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    BIO
    It’s all shitposts and jokes - get a sense of humor!
    Oomnj
    Op - so where’s the recession?
    Aug 21, 2019 0
  • Yeah shit show is coming. Sold lots of stocks when this idiot became president but then it doesn't really help so much when comp is bound to stock. Nevertheless stocks market is not down. 2500 is a good level. I won't be surprised to see 2000. Yet I support the trade war. Something must be done to stop China. China is not Japan, they are not playing the game as a friend and they steal American technology and IP. They also protect their companies with rules and regulations. Why can't FB operate at China while they can sell their goods to our markets unhindered? My only concern is that tariffs won't work. What prevents Mexico import the cheap steel and manufacture cheaper cars to be sold in US. We need better strategy than this idiot can think of.
    Dec 21, 2018 4
  • Why would fed hike interest rates anticipating a recession?
    Dec 22, 2018 2
    • Because they're a part of the swamp.
      Dec 22, 2018
    • Google
      yODa40

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      yODa40
      OP
      Because the Taliban Party of America’s policy was always driven by Austrian school of economics (the infowar equivalent of economic institutions).

      A Data-Driven Keynesian model (Janet Yellen) was doing a fantastic job, until the Orange baboon appointed a conservative hawk
      Dec 23, 2018