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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (115264)3/23/2019 2:09:27 PM
From: i-node  Read Replies (1) | Respond to of 358084
 
>> I'd lay that more to the recent yield curve inversion, last seen in 2007. So, if we DO have another 'Great Recession', with these clowns in charge of finances it's likely to become Great Depression II.

There is no doubt, at some future date, we will experience a Great Depression II, but it will be caused by the looming threats of SS, Medicare, Obamacare, and interest on the related debt. Failed social programs.

I do recall both you and CJ claiming we could not have economic growth again. You were wrong. CJ was bad wrong. No admission from either of you. CJ claimed we couldn't have 3-4% and we're over 3 and headed to 4.



To: bentway who wrote (115264)3/23/2019 2:17:53 PM
From: combjelly  Read Replies (1) | Respond to of 358084
 
I'd lay that more to the recent yield curve inversion

That spooked them, for sure. But there are a lot of signs that the economy is headed for a belly flop. And just like 2007, they have only a limited set of tools to deal with it.


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