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Post by missouriboy on May 1, 2023 21:41:08 GMT
Seems to me we need a new immigration policy in this country. We need to target bright, hardworking immigrants and trade them a future to keep this country going. Personally, I would export a bunch of people we already have. Check out the productiveness of certain of the old Hispanic communities in this country. We need to carefully recruit ... and sort before they get to the border.
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Post by Sigurdur on May 2, 2023 4:34:53 GMT
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Post by walnut on May 2, 2023 4:39:04 GMT
Wrong administration. We may not get much of a recovery, and the stock market may be range bound for several years. It happens.
Their covid relief transfer payments were a risky stunt, could still wipe us out. They absolutely have to stop the inflation threat now, because at our debt levels we cannot afford 80's level interest rates. To accomplish that we may slide into a nasty recession. Hoping not but inflation will rise every time we get a little economic bounce. There is just too much cash in the system. We will have to grow into it, and growth is very very slow now.
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Post by douglavers on May 2, 2023 8:29:22 GMT
Sorry to say this, but some sort of recession later this year is almost inevitable.
The debate is now about how hard the landing.
I am not optimistic.
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Post by walnut on May 2, 2023 12:12:05 GMT
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Post by walnut on May 2, 2023 12:14:41 GMT
Sorry to say this, but some sort of recession later this year is almost inevitable. The debate is now about how hard the landing. I am not optimistic. The definition of a recession being "two consecutive quarters of negative GDP growth", the US hit that last year by June. The administration declared that "no, we are not actually in a recession" at the time, but we were. The stock market is more forward oriented, I'm watching the stock market for a guess when the economy may be picking up. |
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Post by gridley on May 3, 2023 11:08:53 GMT
I'm watching the stock market for a guess when the economy may be picking up. 2025 IF we're lucky. |
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Post by walnut on May 3, 2023 12:56:17 GMT
Sorry to say this, but some sort of recession later this year is almost inevitable. The debate is now about how hard the landing. I am not optimistic. My industry which is building materials is already in a deep recession. Businesses are closing. The phone does not ring. |
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Post by justme on May 4, 2023 14:44:19 GMT
PacWest Bank is down almost 60 percent already today.  Western Alliance Bank is plummeting as I am typing this. Almost down 60 percent as well.  |
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Post by glennkoks on May 4, 2023 18:39:17 GMT
Elizabeth Warren and nine other members of Congress sent Fed Chair Jerome Powell a letter yesterday urging him not to raise rates and pause. The worst thing we can do as a nation is have a Fed beholden to political interests. While I was highly critical of the Fed for insisting the inflation we were experiencing in 2021 was "transitory" Jerome Powell is doing the right thing by raising rates. Money should never be free and QE should have been ended as soon as we bounced back from The Great Recession in 2008. Instead it became the new norm. Now we have to pay the piper and are caught between a rock and a hard place forced to raise rates and kill the economy or have inflation run wild. No way no how we are going to have a soft landing. www.cnn.com/2022/11/01/economy/warren-powell-fed-job-losses/index.html |
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Post by walnut on May 4, 2023 20:05:33 GMT
We have a central bank that is effectively controlled by Europeans, multinational corporations, and other foreign banks, we already lost sovereignty long ago.
Glenn, the "money shouldn't be free" statement is no small matter. What should determine the cost of borrowing money? The Fed? Supply and demand plus a risk premium? I am not claiming to know the answer. Right now it is obviously completely arbitrary since the Fed prints more on a whim anyway.
If you are going to go off the gold standard, you'd better have wise and un-corrupted leaders running the show. Maybe we used to have that for the most part.
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Post by missouriboy on May 4, 2023 21:48:43 GMT
We have a central bank that is effectively controlled by Europeans, multinational corporations, and other foreign banks, we already lost sovereignty long ago. Glenn, the "money shouldn't be free" statement is no small matter. What should determine the cost of borrowing money? The Fed? Supply and demand plus a risk premium? I am not claiming to know the answer. Right now it is obviously completely arbitrary since the Fed prints more on a whim anyway. If you are going to go off the gold standard, you'd better have wise and un-corrupted leaders running the show. Maybe we used to have that for the most part.
Used to be concentrated in certain large cities like Chicago. Now Al (as in Capone) has moved into the White House.
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Post by walnut on May 4, 2023 23:14:03 GMT
We have a central bank that is effectively controlled by Europeans, multinational corporations, and other foreign banks, we already lost sovereignty long ago. Glenn, the "money shouldn't be free" statement is no small matter. What should determine the cost of borrowing money? The Fed? Supply and demand plus a risk premium? I am not claiming to know the answer. Right now it is obviously completely arbitrary since the Fed prints more on a whim anyway. If you are going to go off the gold standard, you'd better have wise and un-corrupted leaders running the show. Maybe we used to have that for the most part.
Used to be concentrated in certain large cities like Chicago. Now Al (as in Capone) has moved into the White House.
It appears that "The Machine" has decided that Biden has outlived his usefulness and needs to go. Their file on Sleepy Joe is probably so thick that they can pick and choose by now. |
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Post by missouriboy on May 5, 2023 0:15:24 GMT
Used to be concentrated in certain large cities like Chicago. Now Al (as in Capone) has moved into the White House.
It appears that "The Machine" has decided that Biden has outlived his usefulness and needs to go. Their file on Sleepy Joe is probably so thick that they can pick and choose by now. Remember that last impeachment fiasco a Democrat-controlled house engaged in? Is it time to return the favor? Got a full year+ to make that the everyday news ... to go along with the likely economic implosion. Throw in the collapse of several Democrat controlled cities. Democrats could have a well-deserved rough year+. |
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Post by justme on May 5, 2023 2:01:25 GMT
US Regional Banks Market Cap over the last 16 months. Approaching 80 percent downturn in market cap.  |
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