Re: Recession
[Re: Yes sir]
#6943952
07/26/20 10:17 PM
07/26/20 10:17 PM
|
Joined: Mar 2020
Posts: 1,018 MI
Co�s
trapper
|
trapper
Joined: Mar 2020
Posts: 1,018
MI
|
everything is looking great i dont see anything to worry about You win!
|
|
|
Re: Recession
[Re: rex123]
#6943956
07/26/20 10:19 PM
07/26/20 10:19 PM
|
Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
|
I read that Soros had gave away 25 billion and still has 8 billion. I wonder who got the 25 billion?
Life ain't supposed to be easy.
|
|
|
Re: Recession
[Re: Yes sir]
#6943958
07/26/20 10:21 PM
07/26/20 10:21 PM
|
Joined: Dec 2006
Posts: 21,716 Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
|
everything is looking great i dont see anything to worry about I can't see the forest. There's too many trees in the way.
Life ain't supposed to be easy.
|
|
|
Re: Recession
[Re: Gary Benson]
#6943959
07/26/20 10:21 PM
07/26/20 10:21 PM
|
Joined: Mar 2020
Posts: 1,018 MI
Co�s
trapper
|
trapper
Joined: Mar 2020
Posts: 1,018
MI
|
I read that Soros had gave away 25 billion and still has 8 billion. I wonder who got the 25 billion? I did. I wasn’t going to tell, but....
|
|
|
Re: Recession
[Re: Co�s]
#6943989
07/26/20 11:06 PM
07/26/20 11:06 PM
|
Joined: Apr 2007
Posts: 96 wi.
slidewire
trapper
|
trapper
Joined: Apr 2007
Posts: 96
wi.
|
We’ve either fallen off the edge of the cliff and don’t know it yet or are riding on some big bubbles IMO.
Help wanted signs at just about every business around here. My wife does hiring for a company with 180 employees and can’t keep or fill positions right now to save her life. Strange times maybe those $600 unemployment checks are to blame
my wants are simple my needs are few
|
|
|
Re: Recession
[Re: rex123]
#6943991
07/26/20 11:07 PM
07/26/20 11:07 PM
|
Joined: Jan 2008
Posts: 9,201 Alaska and Washington State
waggler
trapper
|
trapper
Joined: Jan 2008
Posts: 9,201
Alaska and Washington State
|
I think we are trying to borrow and print our way out of the problem. Recession I'm not too sure a out, but it sure looks like we are heading into some massive inflation.
"My life is better than your vacation"
|
|
|
Re: Recession
[Re: white17]
#6944035
07/27/20 01:00 AM
07/27/20 01:00 AM
|
Joined: May 2010
Posts: 10,472 mn north of blakely
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,472
mn north of blakely
|
Been in it for a few months now. More to come White knows what he is talking about.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Recession
[Re: Gary Benson]
#6944041
07/27/20 01:06 AM
07/27/20 01:06 AM
|
Joined: Dec 2008
Posts: 4,421 Yukon
yukon254
trapper
|
trapper
Joined: Dec 2008
Posts: 4,421
Yukon
|
I read that Soros had gave away 25 billion and still has 8 billion. I wonder who got the 25 billion? It was split up among every left wing marxist organization that hates America...
|
|
|
Re: Recession
[Re: rex123]
#6944097
07/27/20 07:14 AM
07/27/20 07:14 AM
|
Joined: Dec 2011
Posts: 10,368 MT
snowy
trapper
|
trapper
Joined: Dec 2011
Posts: 10,368
MT
|
Biden wins and the blue party will wave their wane and all will be like nothing has happened. Watch and see! lol They are the perfect, know it all, blue party.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
|
|
|
Re: Recession
[Re: rex123]
#6944263
07/27/20 11:00 AM
07/27/20 11:00 AM
|
Joined: Dec 2010
Posts: 11,183 Armpit, ak
Dirt
trapper
|
trapper
Joined: Dec 2010
Posts: 11,183
Armpit, ak
|
I drove by the fishing hole a couple days back. Normally there would be at least 30 boats out fishing. There were 2. Pretty sure we are in a depression in my world. With so many places closed or on reduced capacity, what are all these jobs I read about that are out there? They sure aren't here. The Tourist industry is Dead.
Who is John Galt?
|
|
|
Re: Recession
[Re: waggler]
#6944303
07/27/20 11:39 AM
07/27/20 11:39 AM
|
Joined: Mar 2007
Posts: 35,169 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
|
"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,169
McGrath, AK
|
I think we are trying to borrow and print our way out of the problem. Recession I'm not too sure a out, but it sure looks like we are heading into some massive inflation. Not for a while yet IMO. Based on the decline in overall economic activity ( down4.8% gdp in the first quarter) and the rising unemployment numbers, we satisfy the classic definition of a recession. I suspect second quarter numbers will be at least as bad once they are reported....which should be soon. I think the housing market is an anomaly. People trying to get out of the cities and aided in that attempt by never before seen low interest rates.
Mean As Nails
|
|
|
Re: Recession
[Re: Northof50]
#6944309
07/27/20 11:51 AM
07/27/20 11:51 AM
|
Joined: Dec 2010
Posts: 1,678 Wisconsin
Green Bay
trapper
|
trapper
Joined: Dec 2010
Posts: 1,678
Wisconsin
|
You thought that 1930 was bad You are missing a key letters in your heading.....D...E...P I think this is much closer to the truth. No one has mentioned international trade - the Covid Crisis is having a big impact world wide disrupting traditional supply chains. World wide they are predicting famine on a level not seen in a long time. All of these factors play a role in the US economy. Brian
Author of The Lure Hunter: A Guide to Finding Fishing Lures
|
|
|
Re: Recession
[Re: Mr. Ed]
#6944409
07/27/20 01:30 PM
07/27/20 01:30 PM
|
Joined: Feb 2008
Posts: 1,402 WI
BvrRetriever
trapper
|
trapper
Joined: Feb 2008
Posts: 1,402
WI
|
We were at 19 trillion debt before election. Trump toted that if we hit 22 trillion that would basically classify us as bankrupt. Guess we are there and then some. Not the first time he's driven something into bankruptcy....financial responsibility means nothing to him.
|
|
|
Re: Recession
[Re: white17]
#6944448
07/27/20 02:30 PM
07/27/20 02:30 PM
|
Joined: May 2010
Posts: 10,472 mn north of blakely
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,472
mn north of blakely
|
I think we are trying to borrow and print our way out of the problem. Recession I'm not too sure a out, but it sure looks like we are heading into some massive inflation. Not for a while yet IMO. Based on the decline in overall economic activity ( down4.8% gdp in the first quarter) and the rising unemployment numbers, we satisfy the classic definition of a recession. I suspect second quarter numbers will be at least as bad once they are reported....which should be soon. I think the housing market is an anomaly. People trying to get out of the cities and aided in that attempt by never before seen low interest rates. We'll see deflation before hyperinflation.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Recession
[Re: rex123]
#6944460
07/27/20 02:47 PM
07/27/20 02:47 PM
|
Joined: Feb 2015
Posts: 776 MN, USA
star flakes
trapper
|
trapper
Joined: Feb 2015
Posts: 776
MN, USA
|
The United States and the world have been in the Obama super Depression since 2008. Those who were unaware of this are the people with money and asking when things will get bad. It has been bad for over a decade for millions of Americans. I read a comment above that we are headed for inflation. Sugar has risen from 1.89 a pound to 2.59 a pound. Toilet paper was already at 30% inflation before the plague spiked the numbers and it is still rising. There has been across the board inflation, Doritos makes their packages smaller as an example. This cheap money has brought a steady inflation rate since Obama of around 12%. Those who do not notice it, fail to watch the price fixing, as there is a rotation of costs placed on goods. Heating fuel for the summer fill is up 20 cents a gallon from last year.
All Donald Trump did with Gary Cohn of Goldman Sachs was provide tax cuts for repatriated money in the conglomerates. That was running out as the plague struck. These massive monetized debt increases in debt buying debt of 3 trillion a pop is what this fake economy is running on, which is forced foreign labor and Americans who work the jobs which pay less than minimum in ruining their futures.
There is not any way this is ever going to be paid off. The only solution is going to be another FDR war, to loot Asia, as the world looted Germany in WW I and the United States looted Japan and Germany after WW II. This debt spending is only buying time to bribe enough Americans to not riot. The United States has nothing left in it. China bought all the scrap metal of value and China returned zero quality goods which are falling apart daily. The war which is coming to America, already arrived with Coronavirus. The accounts will have to be balanced in this created depression, and that means a big war.
|
|
|
|
|