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Stocks losses deepen as a key recession warning surfaces

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On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial crisis. The Dow Jones industrial average fell around 800 points, or 3 percent, and has lost close to 7 percent in the past three weeks.

Two of the world’s largest economies, Germany and the United Kingdom, appear to be contracting. Argentina’s stock market fell nearly 50 percent in recent days, and growth in China has slowed.

 

https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/

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within a month someone will show this was going on for the last 8 years. First 5 everyone didn't want to give Obama a bad legacy, now they can blame Trump.

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10 minutes ago, leftwinger said:

On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial crisis. The Dow Jones industrial average fell around 800 points, or 3 percent, and has lost close to 7 percent in the past three weeks.

Two of the world’s largest economies, Germany and the United Kingdom, appear to be contracting. Argentina’s stock market fell nearly 50 percent in recent days, and growth in China has slowed.

 

https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/

When everyone is yelling it's time to start selling.

 

When everyone is crying it's time to start buying.

 

Stock market experts know how to start a sell off...then THEY come back in to buy during the "fire sale".  

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22 minutes ago, leftwinger said:

On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial crisis. The Dow Jones industrial average fell around 800 points, or 3 percent, and has lost close to 7 percent in the past three weeks.

Two of the world’s largest economies, Germany and the United Kingdom, appear to be contracting. Argentina’s stock market fell nearly 50 percent in recent days, and growth in China has slowed.

 

https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/

 

The inverted yield curve is often a sign of trouble to come but not always. 

 

Retail investors never know the real story of the economy until it is too late. 

 

 

 

 

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2 minutes ago, Olivaw said:

 

The inverted yield curve is often a sign of trouble to come but not always. 

 

Retail investors never know the real story of the economy until it is too late. 

 

 

 

 

 

Business cycle, as they say. But does seem to be  retraction. Goofus Trump not helping with tariffs.

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Just now, leftwinger said:

 

Business cycle, as they say. But does seem to be  retraction. Goofus Trump not helping with tariffs.

 

The Trump trade war, the tax cut deficit and weakened regulation will bite us in the ass during the next downturn. If that downturn comes before Nov 2020, voters will see how much damage Trump and his Republican allies have done to the US economy.

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1 hour ago, Olivaw said:

 

The Trump trade war, the tax cut deficit and weakened regulation will bite us in the ass during the next downturn. If that downturn comes before Nov 2020, voters will see how much damage Trump and his Republican allies have done to the US economy.

Yes. They are also causing a GLOBAL downturn that's been in motion for some time now....😂

 

You MORONS are so predictable.......

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17 minutes ago, DeepBreath said:

Yes. They are also causing a GLOBAL downturn that's been in motion for some time now....😂

 

You MORONS are so predictable.......

So when the economy is improving it's down to Trump and when it's deteriorating it's global.. how convenient.  Moron

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1 minute ago, slideman said:

So when the economy is improving it's down to Trump and when it's deteriorating it's global.. how convenient.  Moron

The economy HAS been improving contrary to the global slowdown, MORON. 

 

You idiots are more economically illiterate than grade schoolers.....

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Where did the Bush/Cheney/Paulson Bailout Money Go? Not much is known

http://www.democracynow.org/2009/9/10/good_billions_after_bad_one_year

 

 

Move Your Money - To local institutions and do your community, your family and your retirement plan a large favor.

 

A database to assist those wishing to move their money out of big banks that took taxpayer money and used it to pay themselves large bonuses:

 

http://moveyourmoneyproject.org/

 

http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html

 

http://www.democracynow.org/2010/1/4/move_your_money_project_urges_people

 

 

Do you love your mega bank?

 

I'm talking about your local Wall Street branch  – or some similar financial conglomeration. As you might have learned from experience, they have thousands of bankers who specialize in finding innovative new ways to gouge consumers worldwide. From rip-off fees to refusing to refinance home loans, the friendly slogan of these giants is: "We don't care. We're too big to fail!"

 

Unfortunately, Washington is too cowed by Wall Street money to cut these arrogant and avaricious giants down to size. But guess what? You and I can do it. We can make them smaller, one deposit at a time, by simply moving our money out of their clutches. After all, it's our money.

 

You can join the thousands of Americans who are walking away from the don't-give-a-damn financial fortresses and switching their accounts to community banks, credit unions, socially responsible investment firms, and other banking entities eager to treat you like a valued customer.

 

A recent survey found that the biggest banking conglomerates – such as JPMorgan Chase, Citigroup, and Bank of America – have sunk to their lowest consumer satisfaction level in years. Sixty-six percent of customers say they'd consider taking their money out of those grasping empires.

 

Appealing alternatives exist all across America. At credit unions, for example, late fees and overdraft fees average only half of what the big chain banks charge, and credit unions offer loans with interest rates that are 20 percent lower than those assessed by the giants.

 

Why put up with megabank megalomania? Here are two websites to help you find a local bank that gives a damn about you and your community:

 

http://www.findacreditunion.com

 

and

 

http://www.moveyourmoney.info/find-a-ba

 

 

 

Think!

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1 minute ago, merrill said:

Where did the Bush/Cheney/Paulson Bailout Money Go? Not much is known

http://www.democracynow.org/2009/9/10/good_billions_after_bad_one_year

 

 

Move Your Money - To local institutions and do your community, your family and your retirement plan a large favor.

 

A database to assist those wishing to move their money out of big banks that took taxpayer money and used it to pay themselves large bonuses:

 

http://moveyourmoneyproject.org/

 

http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html

 

http://www.democracynow.org/2010/1/4/move_your_money_project_urges_people

 

 

Do you love your mega bank?

 

I'm talking about your local Wall Street branch  – or some similar financial conglomeration. As you might have learned from experience, they have thousands of bankers who specialize in finding innovative new ways to gouge consumers worldwide. From rip-off fees to refusing to refinance home loans, the friendly slogan of these giants is: "We don't care. We're too big to fail!"

 

Unfortunately, Washington is too cowed by Wall Street money to cut these arrogant and avaricious giants down to size. But guess what? You and I can do it. We can make them smaller, one deposit at a time, by simply moving our money out of their clutches. After all, it's our money.

 

You can join the thousands of Americans who are walking away from the don't-give-a-damn financial fortresses and switching their accounts to community banks, credit unions, socially responsible investment firms, and other banking entities eager to treat you like a valued customer.

 

A recent survey found that the biggest banking conglomerates – such as JPMorgan Chase, Citigroup, and Bank of America – have sunk to their lowest consumer satisfaction level in years. Sixty-six percent of customers say they'd consider taking their money out of those grasping empires.

 

Appealing alternatives exist all across America. At credit unions, for example, late fees and overdraft fees average only half of what the big chain banks charge, and credit unions offer loans with interest rates that are 20 percent lower than those assessed by the giants.

 

Why put up with megabank megalomania? Here are two websites to help you find a local bank that gives a damn about you and your community:

 

http://www.findacreditunion.com

 

and

 

http://www.moveyourmoney.info/find-a-ba

 

 

 

Think!

Like you IDIOTs have money to begin with....

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lefty and the rest of the leftists are beyond STUCK ON STUPID desperate now.  

 

https://theconservativetreehouse.com/2019/08/14/stunning-day-of-economic-gaslighting-despite-all-positive-data-corporate-media-cheering-for-recession/

 

 

Quote

 

Stunning Day of Economic Gaslighting – Despite All Positive Data, Corporate Media Cheering For Recession…

 

Posted on August 14, 2019 by sundance
 

A “negative yield curve“;  a pending “economic recession“.  These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today.  So let’s take a moment to discuss how stunningly -intentionally- disconnected they are.

 

Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall Street position, adverse to Main Street USA.

 

First the “negative yield curve” aspect; where long-term bond rates (returns on investment) are lower than short-term rates (returns).  As Reuters proclaims:

“A key bond market metric turned negative for the first time since 2007 on Wednesday, sending stocks tumbling”…

 

reuters-us-recession.jpg?w=640&h=634

I must admit, I actually started laughing out loud when I first read that proclamation. Allow me to introduce a radical concept in economics: “supply and demand” !

 

The long-term borrowing rate for return on investment dropped momentarily lower than the short-term borrowing rate of return on investment because massive numbers of foreign investors were rushing to buy long-term U.S. bonds.   Wait… what?  Yes, a ‘negative yield curve’ is what happens when everyone wants to buy bonds in your long-term economy.

 

There weren’t enough long-term bonds to fill the demand of those who wanted to purchase them.  Ergo, the return rate of interest dropped because there was no need to have an incentive to sell them…. everyone wants them.

 

So the yield drops, because the U.S. doesn’t need to incentivize the sale… because everyone is lined up to buy them.  See how that works?

 

Do lines of people wrapping all around the world trying to get to the U.S.A Bank and buy U.S. treasury bonds sound like the USA economy (underlying the bond) is weak or in trouble?

 

It’s OK to laugh out loud.

 

No, really, it’s ok.

 

Yes, Alice, it’s true.  The financial media would have you believe that customers lined-up around the building to purchase your products means your business is about to close because of a lack of customers.   THAT my friends is the stupidity of it.

 

The U.S.A economy is so strong, so healthy, and forecast to remain so with such intensity, that everyone wants to purchase dollars because it is the world’s highest predicted rate of return for investment….. And somehow the media can spin that into a bad thing.

 

No, really.  That’s the narrative of today.

 

Now let’s look at the second stupid “A looming recession“:

cnn-tweet-recession.jpg?w=640&h=569

First, a “recession” is two consecutive quarters of negative GDP growth.  That’s how you define a recession.  So to start a recession you need need one quarter of negative GDP growth right?  Well, duh, it hasn’t happened, and there is not a single economist who is predicting a negative Third Quarter growth rate (July, Aug, Sept., ’19).

 

First Quarter GDP growth was 3.1%. [Beating all expectations] Second Quarter GDP growth was 2.1%. [Again, beating all expectations]… and somehow the Third Quarter is suddenly going to be negative growth?   It’s OK to laugh again.

 

So how does CNN et al  “warn of a looming recession” when there’s not a single economist forecasting a negative GDP for the third quarter?   Well, they make crap up that’s how.

 

Think about it…. if the economy was contracting, people would not be getting hired right?  Employers would be laying people off right?  Businesses would be selling off assets right?  Wages would be dropping right?

 

Do you see any of these things happening?

 

No?  Why not?

 

Because it ain’t happening, that’s what !!!

 

The U.S. economy is not shrinking.  Main Street is strong, and getting stronger.

 

Go back to point #1, would the world be rushing to buy dollars if the U.S. economy was on the precipice of collapse?  Think about it.

 

Now, that said, there are some economies that are shrinking; and they all have something in common.  The manufacturing export dependent nations are in trouble because President Trump is starting to limit their access to their most desired customers, the USA. And President Trump is telling companies that operate in those export nations that it would be in their best interests to come to the United States to make their goods.

 

Germany, the economic engine for the EU, is a manufacturing export dependent nation, and it is contracting.  China is a manufacturing export dependent nation and their manufacturing is contracting.  But the U.S. is strong, because we are not dependent on exports.  In fact the U.S. consumes more than 80 percent of what we produce; we are a self-sustaining economy.

 

Our U.S. economic strength is why Asian and European investors are rushing to buy dollars (US Bonds); and why the U.S. treasury doesn’t need to provide high yield rates as incentives to buy them (hence the negative yield curve).

 

Stop me when any of the U.S. economic data has even the slightest implication of a slowdown, or “looming recession”.

 

Our last jobs report showed 164,000 new jobs created in July (yeah, like two weeks ago).  In addition 363,000 people moved from part-time to full-time employment… does that sound like a weak economic outcome?  Current blue-collar wage growth is in excess of 3.4%, and current overall U.S. worker income is growing at a rate exceeding 5.4%.

 

Does any of that sound like what you see just before a “looming recession”?

 

wage-growth-bea-release-july-30-2019.jpg

(BEA Data Source – Link)

 

Every actual data result exceeds expectations.

 

Every measurable KPI in the U.S. economy beats every forecast.

 

Show me data that supports this “looming recession” claim.  Guess what; you can’t because it is a manufactured bucket of nonsense.  Abject stupidity created in the basement of media narrative engineers and pushed into the U.S. mainstream talking points in an effort to create something that doesn’t exist.   You know the word for that? “Gaslighting”!

 

Why?

 

Why are the financial pundits doing this?

 

Because the engine for the U.S. economy is the U.S. consumer.  The Wall St./Media pundit goal is to erode consumer confidence, instill fear, and hopefully get people to sit on those high wages…. thereby creating a self-fulfilling prophecy.

 

This my friends is the battle behind Wall Street -vs- Main Street.

 

There are trillions of dollars at stake.

 

 

It's time for rank and file Americans to DESPISE what the left is trying to do AND PUNISH THEM.  :lol:

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13 hours ago, leftwinger said:

On Wednesday, the U.S. stock market tumbled after a reliable predictor of looming recessions flashed for the first time since the 2008 financial crisis. The Dow Jones industrial average fell around 800 points, or 3 percent, and has lost close to 7 percent in the past three weeks.

Two of the world’s largest economies, Germany and the United Kingdom, appear to be contracting. Argentina’s stock market fell nearly 50 percent in recent days, and growth in China has slowed.

 

https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/

"Janet Yellen to Wall Street: A recession is unlikely"

 

"Former chair of the Federal Reserve Janet Yellen told FOX Business she doesn’t think the U.S. economy is headed toward a recession after the bond market sounded an economic alarm bell."

 

“So historically, it’s been a pretty good signal of recession, and I think that’s why the markets pay attention to it, but I would really urge on this occasion it may be a less good signal. And the reason for that is that there are a number of factors other than market’s expectations about the future path of interest rates that are pushing down long-term yields,” Yellen said.

 

https://www.foxbusiness.com/economy/janet-yellen-to-wall-street-a-recession-is-unlikely

 

 

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11 hours ago, BeAChooser said:

lefty and the rest of the leftists are beyond STUCK ON STUPID desperate now.  

 

https://theconservativetreehouse.com/2019/08/14/stunning-day-of-economic-gaslighting-despite-all-positive-data-corporate-media-cheering-for-recession/

 

 

 

It's time for rank and file Americans to DESPISE what the left is trying to do AND PUNISH THEM.  :lol:

Trump is the one that slashed taxes and increased the deficit, Trump is the one  who mongered a trade war and claimed that he knew how to win, and didn't.

If anyone deserves to be punished, it is Trump.

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China is backing down you liberal asswipes… the market is just adjusting itself!!!

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Here's a real question.  If you move your money out of the market in your 401k, put it all into some fixed product they offer, and the market tanks, is your money safe?  What about when the company holding your 401k is caught up in a larger 2008-style crash, and quite simply does not have the money anymore?  Is your money safe now?  Or do that institutions few remaining assets belong to the CEO and his friends, and you get nothing?

 

How can an average American hedge his 401k-style retirement money against a recurrence of the 2008 calamity?

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Just now, splunch said:

Here's a real question.  If you move your money out of the market in your 401k, put it all into some fixed product they offer, and the market tanks, is your money safe?  What about when the company holding your 401k is caught up in a larger 2008-style crash, and quite simply does not have the money anymore?  Is your money safe now?  Or do that institutions few remaining assets belong to the CEO and his friends, and you get nothing?

 

How can an average American hedge his 401k-style retirement money against a recurrence of the 2008 calamity?

the average American has no clue how the market works... never trust a big company to manage your money. That is why liberals always lose...they have no clue.

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