Now can everyone stop talking "RECESSION" ?

[Aman A.K.A. Ahamburger]

Dec 8, 2019 10:09:55 GMT -5 Value Buy said:

Dec 7, 2019 21:12:11 GMT -5 @aj said:

So we shouldn’t vote on an issue that’s near and dear because any other politician isn’t focused on it?

That is the damned problem, nobody cares about the debt time bomb because it is after their term.

So let’s celebrate the great jobs number today while our children and grandchildren drown in our red ink.

Back in the day the young babyboomers said this same damn thing about their parents and the debt bomb.
Nothing changed other than the problem got worse on the babyboomer watch.

Yes sir! The baby boomer bubble is - by far - the largest US history. The escape was supposed to be the BRI; but WAR! The good news? China's debt bubble makes the baby boomer bubble look like child's play. World on fire much....

Here is a great article and visual on how the baby boomer bubble happened. I like it because it explains how it's now only on the government, but the individual. Which is something I tired explaining to Flow many times IRT the housing bubble.

The $22 Trillion U.S. Debt: Which President Contributed the Most



So, while y'all are trying to pick and choose which side of isle create the bigger problem; remember; it's the decaying institution known as Washington DC as a whole that is the problem.

It's a damn good thing America is an idea, not an institution.

[Value Buy]

Dec 6, 2019 15:09:18 GMT -5 Gardening Grandma said:

Dec 6, 2019 14:15:39 GMT -5 Value Buy said:

I get it. You and others just cannot accept the President, who is rich, actually does things to help the downtrodden.
He does not even get us into wars killing our youth......but that is not good enough, although it beats the heck out of the last fifty years of any Presidency in that time frame.

"Helping the downtrodden"....He's cutting food aid for 700,000 people.....  

www.cnbc.com/2019/12/04/agriculture-secretary-sonny-perdue-food-stamp-changes-not-about-kicking-people-out.html

Please open the article and read it. Somewhere half way down it is explained that due to the recession in 2008 the foodstamp time limit was raised due to everyone out of work. These deductions put into effect are only for able bodied single people and no one else.
Due to almost full employment it is considered time to scale the program back to where it was before the recession.
This is reasonable.

[Gardening Grandma]

Dec 8, 2019 20:28:27 GMT -5 Value Buy said:

Dec 6, 2019 15:09:18 GMT -5 Gardening Grandma said:

"Helping the downtrodden"....He's cutting food aid for 700,000 people.....  

www.cnbc.com/2019/12/04/agriculture-secretary-sonny-perdue-food-stamp-changes-not-about-kicking-people-out.html

Please open the article and read it. Somewhere half way down it is explained that due to the recession in 2008 the foodstamp time limit was raised due to everyone out of work. These deductions put into effect are only for able bodied single people and no one else.
Due to almost full employment it is considered time to scale the program back to where it was before the recession.
This is reasonable.

It’s not “almost full employment” in rural areas with high unemployment.  Coming right after the tax cut benefitting billionaires, it’s downright scroogish.
Alaska 6.4%
Mississippi 5.5%
DC 5.4%
NM 4.8%
WV 4.8%
www.statista.com/statistics/200017/state-unemployment-rate-in-the-us/

[mroped]

If the Labor Department would compare SSN on the payrolls instead of just counting the number of employees a company has then they’d realize that some numbers are repeating.
That means that while there are jobs some city dwellers need two-three of them to survive while in the countryside many SSN don’t show up once on stats.
it is the case where one needs to work 50-60-80 hours a week to cover bare minimum expenses.
we are looking for those jobs of 40 hrs/week that do that! That’s when the economy does good!!!

[Value Buy]

Dec 8, 2019 22:55:50 GMT -5 Gardening Grandma said:

Dec 8, 2019 20:28:27 GMT -5 Value Buy said:

www.cnbc.com/2019/12/04/agriculture-secretary-sonny-perdue-food-stamp-changes-not-about-kicking-people-out.html

Please open the article and read it. Somewhere half way down it is explained that due to the recession in 2008 the foodstamp time limit was raised due to everyone out of work. These deductions put into effect are only for able bodied single people and no one else.
Due to almost full employment it is considered time to scale the program back to where it was before the recession.
This is reasonable.

It’s not “almost full employment” in rural areas with high unemployment.  Coming right after the tax cut benefitting billionaires, it’s downright scroogish.
Alaska 6.4%
Mississippi 5.5%
DC 5.4%
NM 4.8%
WV 4.8%
www.statista.com/statistics/200017/state-unemployment-rate-in-the-us/

Indiana is not in any better shape, nor most other states in the small town counties. As late as the late 60's most small towns still had at least one industrial type organization going stong all across small town America wihich employed most of the residents. Most are long gone now, bought out over the years or moved to larger metroplitan areas or the families that ran them just shut down and split the proceeds. Maybe Japan or now China corporations undercut prices on them and put them out of business. Many of these towns are decimated and the young people have moved to the large metroplitan cities for work. Most of Europe did this after WWII in the rebuilding process. We can look at Greece and Egypt as an example. Their capitals have grown to about 20,000,000 residents, and al the growth came from migration of the small comunities around their countries. It is happening here now. You will never have low employment in small town America, as that chapter of America has turned the page. Unfortunate? Heck yes, but we have to accept it. Think of it as the great depression, or thee huge drought that hit the bread basket regions and so many people migrated to California for oportunity......
Anyone can point out pockets of unemployment, but does not change the fact the economy for the large majority is good right now. When you look at individual unemployment state numbers or their newly unemployed numbers it is all about the numerical size of the data. States with small population numbers have small numbers of affected people. States with huge population numbers have large numbers of employed people. Percentages are not the be all to end all, the actaul number totals are the real outcome to recognize whether the economy is good.

[Value Buy]

Dec 9, 2019 8:07:36 GMT -5 mroped said:

If the Labor Department would compare SSN on the payrolls instead of just counting the number of employees a company has then they’d realize that some numbers are repeating.
That means that while there are jobs some city dwellers need two-three of them to survive while in the countryside many SSN don’t show up once on stats.
it is the case where one needs to work 50-60-80 hours a week to cover bare minimum expenses.
we are looking for those jobs of 40 hrs/week that do that! That’s when the economy does good!!!

Tell us how your construction business is doing?
Are you flourishing or bankrupt?

[mroped]

Neither! And honestly for the last two years it’s been a bit on a flatline.
I am not your typical contracting business. Most of what I do is custom work generally involving natural stone.
There was very little demand of that from the low income bracket from the get go but now there is almost none!
In the last two years I worked for a multiple McDonalds owner, a lawyer married to a surgeon(cardiovascular), an orthopedic surgeon, a transplant from New York that just sold his 5 car dealerships, the guy that started PMI(property management) and just retired, and a few other people that are in healthcare administration- higher ups, University Professors, small business owners.
What I observed is that all of them are spending with restraint.
If I did something for the average Joe was either for a friend(meaning free) or maybe for the cost of materials and pavement to my laborer.
Right now I’m not employing anyone-holidays and so on and the last two that I had employed  are already onto other things.
For me finding people to work is not an issue but finding the right person it’s hard. 

[weltschmerz]

Dec 10, 2019 7:42:32 GMT -5 Value Buy said:

Dec 8, 2019 22:55:50 GMT -5 Gardening Grandma said:

It’s not “almost full employment” in rural areas with high unemployment.  Coming right after the tax cut benefitting billionaires, it’s downright scroogish.
Alaska 6.4%
Mississippi 5.5%
DC 5.4%
NM 4.8%
WV 4.8%
www.statista.com/statistics/200017/state-unemployment-rate-in-the-us/

Indiana is not in any better shape, nor most other states in the small town counties. As late as the late 60's most small towns still had at least one industrial type organization going stong all across small town America wihich employed most of the residents. Most are long gone now, bought out over the years or moved to larger metroplitan areas or the families that ran them just shut down and split the proceeds. Maybe Japan or now China corporations undercut prices on them and put them out of business. Many of these towns are decimated and the young people have moved to the large metroplitan cities for work. Most of Europe did this after WWII in the rebuilding process. We can look at Greece and Egypt as an example. Their capitals have grown to about 20,000,000 residents, and al the growth came from migration of the small comunities around their countries. It is happening here now. You will never have low employment in small town America, as that chapter of America has turned the page. Unfortunate? Heck yes, but we have to accept it. Think of it as the great depression, or thee huge drought that hit the bread basket regions and so many people migrated to California for oportunity......
Anyone can point out pockets of unemployment, but does not change the fact the economy for the large majority is good right now. When you look at individual unemployment state numbers or their newly unemployed numbers it is all about the numerical size of the data. States with small population numbers have small numbers of affected people. States with huge population numbers have large numbers of employed people. Percentages are not the be all to end all, the actaul number totals are the real outcome to recognize whether the economy is good.

What? Didn't you just say that small towns in America are decimated due to low employment?
That was hard to read. 

Paragraphs.

[countrygirl2]

I know a young woman, working toward her CNA, she is just waiting to sit for the exam.  She is making $10.50 and hour, will then make $11.  She is barely hanging on, old junk truck.  She is driving her DD to McD's to a part time job she is 16 now.  They are trying to scrape enough together to live. She loses SS for her DD when she is 18, I don't know what she is going to do.  She is one of my renters I just gave a $100.  She is never late on her rent, but I honestly don't see how she can hang on once she loses that.  People can find jobs but they pay little, sure not enough to live on.  Her DD wants a car, she said they can't afford anything and can't find anything they can pay for.  There are millions like this getting nowhere.

[Value Buy]

Okay two things.
1.Stock indexes continue to set new record highs a few times a week. The markets always predict a recession in the economy by falling indexes about six months before a downturn in the economy.
2. Used car sales continue to rise as well as new car sales still being produced at recent record levels.
Used cars sales always rise in a growing economy. Why? Because lower income people can afford them because they are working.
I imagine not too many people realize we will see over 40 million used car sales this year.
That is a lot of cars......meaning a lot of people can afford them.
Also check out the large used car sales chains. All are at either near or at record high stock prices.....

[countrygirl2]

Well hate to say it our local dealership is hurting, they are selling cars, like mine. They stocked up on a lot of program cars, was supposed to be a surplus of vehicles coming up for sale this year of lease returns.  But the availability, I read of reliable cars below $10k is practically non existent.

Now stocks are in the highs for sure but doesn't help the 50% who have no access or ability to be involved in this way to increase wealth. Our have and have nots are getting further and further apart.

[Gardening Grandma]

Dec 19, 2019 14:22:53 GMT -5 Value Buy said:

Okay two things.
1.Stock indexes continue to set new record highs a few times a week. The markets always predict a recession in the economy by falling indexes about six months before a downturn in the economy.
2. Used car sales continue to rise as well as new car sales still being produced at recent record levels.
Used cars sales always rise in a growing economy. Why? Because lower income people can afford them because they are working.
I imagine not too many people realize we will see over 40 million used car sales this year.
That is a lot of cars......meaning a lot of people can afford them.
Also check out the large used car sales chains. All are at either near or at record high stock prices.....

Robert Reich, Nobel Prize winner....

”The 73-year-old Reich told host Melber that the Republican-sponsored Tax Cuts and Jobs Act of 2017, which Trump enthusiastically signed into law and continues to brag about, has given the markets a “sugar high.” But Reich stressed that “sugar highs are temporary.”
www.salon.com/2019/08/18/economist-robert-reich-warns-of-the-sugar-high-of-trumponomics_partner/

[Value Buy]

Dec 24, 2019 21:53:31 GMT -5 Gardening Grandma said:

Dec 19, 2019 14:22:53 GMT -5 Value Buy said:

Okay two things.
1.Stock indexes continue to set new record highs a few times a week. The markets always predict a recession in the economy by falling indexes about six months before a downturn in the economy.
2. Used car sales continue to rise as well as new car sales still being produced at recent record levels.
Used cars sales always rise in a growing economy. Why? Because lower income people can afford them because they are working.
I imagine not too many people realize we will see over 40 million used car sales this year.
That is a lot of cars......meaning a lot of people can afford them.
Also check out the large used car sales chains. All are at either near or at record high stock prices.....

Robert Reich, Nobel Prize winner....

”The 73-year-old Reich told host Melber that the Republican-sponsored Tax Cuts and Jobs Act of 2017, which Trump enthusiastically signed into law and continues to brag about, has given the markets a “sugar high.” But Reich stressed that “sugar highs are temporary.”
www.salon.com/2019/08/18/economist-robert-reich-warns-of-the-sugar-high-of-trumponomics_partner/

It just kills you Trump is lifting the masses economically. You should be happy.  No recession.
The markets are telling you this. Now it looks like Europe is turning around which will also propel our markets along.
When we have the trade agreement with China, and we stop the "propietary intelligence  secrets" stealing by China, we will continue forward.

[Gardening Grandma]

Dec 26, 2019 10:52:51 GMT -5 Value Buy said:

Dec 24, 2019 21:53:31 GMT -5 Gardening Grandma said:

Robert Reich, Nobel Prize winner....

”The 73-year-old Reich told host Melber that the Republican-sponsored Tax Cuts and Jobs Act of 2017, which Trump enthusiastically signed into law and continues to brag about, has given the markets a “sugar high.” But Reich stressed that “sugar highs are temporary.”
www.salon.com/2019/08/18/economist-robert-reich-warns-of-the-sugar-high-of-trumponomics_partner/

It just kills you Trump is lifting the masses economically. You should be happy.  No recession.
The markets are telling you this. Now it looks like Europe is turning around which will also propel our markets along.
When we have the trade agreement with China, and we stop the "propietary intelligence  secrets" stealing by China, we will continue forward.

The Impeached One ISN'T "lifting the masses economically".  That's my point.  #IMPOTUS is lifting the 1%  The masses aren't invested int he stock market and don't beneft from it.  The masses are working multiple low wage jobs to put food on the table.  

[Deleted]

What happened to this Value Buy?


ymam.proboards.com/thread/29766/obama-warns-ceiling-fight-catastrop?page=3

Jan 13, 2013 12:44:26 GMT -6 Value Buy said:

The "real catastrophe" is the President does not care about the deficit.

The insanity of deficit budgets have to stop now.

[Value Buy]

Dec 26, 2019 12:16:18 GMT -5 @aj said:

What happened to this Value Buy?


ymam.proboards.com/thread/29766/obama-warns-ceiling-fight-catastrop?page=3

Jan 13, 2013 12:44:26 GMT -6 Value Buy said:

The "real catastrophe" is the President does not care about the deficit.

The insanity of deficit budgets have to stop now.

LOL, You had to go way back in the wayback machine for this

[Value Buy]

Dec 26, 2019 12:16:18 GMT -5 @aj said:

What happened to this Value Buy?


ymam.proboards.com/thread/29766/obama-warns-ceiling-fight-catastrop?page=3

Jan 13, 2013 12:44:26 GMT -6 Value Buy said:

The "real catastrophe" is the President does not care about the deficit.

The insanity of deficit budgets have to stop now.

Now get back to the discussion. Recession? What recession?

[Deleted]

Dec 26, 2019 12:44:38 GMT -5 Value Buy said:

Dec 26, 2019 12:16:18 GMT -5 @aj said:

What happened to this Value Buy?


ymam.proboards.com/thread/29766/obama-warns-ceiling-fight-catastrop?page=3

Jan 13, 2013 12:44:26 GMT -6 Value Buy said:

The "real catastrophe" is the President does not care about the deficit.

The insanity of deficit budgets have to stop now.

Now get back to the discussion. Recession? What recession?

But I am discussing exactly that, we are avoiding a recession by racking up debt on the country credit card, by your quote that was something you thought was completely horrible in 2013 but is perfectly fine now.  Besides the fact the debt and deficit are worse, what besides the party in the presidency has changed?

The recession that we get when we have to address this monster debt will be catastrophic.

[Value Buy]

Dec 26, 2019 12:54:15 GMT -5 @aj said:

Dec 26, 2019 12:44:38 GMT -5 Value Buy said:

Now get back to the discussion. Recession? What recession?

But I am discussing exactly that, we are avoiding a recession by racking up debt on the country credit card, by your quote that was something you thought was completely horrible in 2013 but is perfectly fine now.  Besides the fact the debt and deficit are worse, what besides the party in the presidency has changed?

The recession that we get when we have to address this monster debt will be catastrophic.

Two things.
The Fed has to get serious on money management.
Congress has to have a come to Jesus moment on spending.
Do you see either happening?
No President in my lifetime has done anything about the deficit. And do not tell me Clinton balanced the budget,lalala
He had the 2000 millenium thing and the internet stock binge helping him out.

[Deleted]

Dec 26, 2019 13:16:43 GMT -5 Value Buy said:

Dec 26, 2019 12:54:15 GMT -5 @aj said:

But I am discussing exactly that, we are avoiding a recession by racking up debt on the country credit card, by your quote that was something you thought was completely horrible in 2013 but is perfectly fine now.  Besides the fact the debt and deficit are worse, what besides the party in the presidency has changed?

The recession that we get when we have to address this monster debt will be catastrophic.

Two things.
The Fed has to get serious on money management.
Congress has to have a come to Jesus moment on spending.
Do you see either happening?
No President in my lifetime has done anything about the deficit. And do not tell me Clinton balanced the budget,lalala
He had the 2000 millenium thing and the internet stock binge helping him out.

I think both will be forced into it at some point, and the longer they wait the more painful it will be.

I do think Clinton and the GOP congress had us on a much better fiscal path coming into W's presidency, and W's ill advised tax cut and Iraq war completely set us on the wrong path that every President has since continued.

I don't understand giving up on an issue, I will continue to vote for who I see will do the most on it.

[thyme4change]

I'm happy the economy is good.

I don't give Trump sole credit.

[Value Buy]

Here is a huge reason we see no recession on the horizon.

www.msn.com/en-us/money/markets/rank-and-file-workers-get-bigger-raises-than-bosses/ar-BBYo7M4

[djAdvocate]

answer to the OP: no. this is not the time.

this index is highly predictive at 30%+:

[countrygirl2]

Wonder if that recession outlook could change? Never know what can happen like it is right now.

[djAdvocate]

Feb 26, 2020 7:44:54 GMT -5 countrygirl2 said:

Wonder if that recession outlook could change? Never know what can happen like it is right now.

my thinking is that it has gone up considerably in the last few months.

[countrygirl2]

Or the last few days?