They’re placing 70% odds on a recession starting in late 2023 or 2024
If we weren't in full-on juke-the-stats denial, we'd be admitting we're already in a recession, and the economy getting that much worse would constitute a depression, but you can't have a Dem-controlled Executive and Legislative in an election year during a depression they can't blame on anyone but themselves.
The three economists mentioned in the article, Bruce Kasman, Joseph Lupton and Michael Hanson all used to work at the Federal Reserve. Weird that, isn't it? /s
That is the natural debt cycle. Corporations need to learn that they shouldn’t go deeply into debt to buy back stocks while producing unprofitable woke garbage.
except the money came from QE in the first place, handed to phony private equity firms under the control of blackrock and vanguard. it's why the asset markets track to QE with perfect correlation.
in other words, your inflation losses already paid for the unprofitable woke garbage whether you like it or not.
If we weren't in full-on juke-the-stats denial, we'd be admitting we're already in a recession, and the economy getting that much worse would constitute a depression, but you can't have a Dem-controlled Executive and Legislative in an election year during a depression they can't blame on anyone but themselves.
Didn't you know? It's all Trump's fault.
The three economists mentioned in the article, Bruce Kasman, Joseph Lupton and Michael Hanson all used to work at the Federal Reserve. Weird that, isn't it? /s
Well, the bible says all debts should be forgiven after seven years, so based? I'm waiting for my mortgage to be wiped any day now..
No worries; when you need a wheelbarrow full of cash to buy loaf of bread that 200k you owe on your house won't seem like much at all.
cool it with antisemitic remarks
If interest rates get too high, corps won’t be able to service their secured debt (bonds). Bond default equals bankruptcy.
That is the natural debt cycle. Corporations need to learn that they shouldn’t go deeply into debt to buy back stocks while producing unprofitable woke garbage.
except the money came from QE in the first place, handed to phony private equity firms under the control of blackrock and vanguard. it's why the asset markets track to QE with perfect correlation.
in other words, your inflation losses already paid for the unprofitable woke garbage whether you like it or not.
Except when it happens to a whole bunch at the same time.
Yes that is a problem. We should be very upset with the Federal Reserve.
It shouldn’t exist.
No...... somebody wouldn't just drive the business cycle and profit off of that.