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' Bond King 'Jeffrey Gundlach says recession is coming.
Sep 21, 2022 16:58:07   #
son of witless
 
Recession is on it's way. The so called ' Bond King ' Jeffrey Gundlach says that is what he sees. This is no left wing flake. This guy is well respected. All of you Biden Zombies who keep bragging about how your boy Joe has created all of these jobs, no matter how bad inflation is, well the Fed must crush the economy to control inflation. This is all because of the Idiot you made our President.

You may get lucky and have it hit after the midterms, but this will be a very bleak winter and spring. The housing market and the stock market have already been squashed and will go lower. The last part that Powel must destroy is the job market. That is where the remaining inflation is.

https://www.msn.com/en-in/money/news/doublelines-jeffrey-gundlach-is-convinced-a-recession-is-coming-but-the-bond-king-is-finding-stellar-returns-in-some-risky-pockets-of-the-capital-markets/ar-AA11Ufyc

Forget about a soft landing and the Fed threading the needle. Joflation is embedded through out the economy like the syphilis spirochete. It's going to take extra strong meds to clean it out. Those meds will make the patient extremely ill.

My only question is, how will you guys blame Trump ?

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Sep 21, 2022 17:05:02   #
pegw
 
Ressesion may be on it's way. People have been predicting it for the past 8 months. So far, other than the stock markets going down, nothing has happened.

Reply
Sep 21, 2022 17:05:12   #
pegw
 
Ressesion may be on it's way. People have been predicting it for the past 8 months. So far, other than the stock markets going down, nothing has happened.

Reply
 
 
Sep 21, 2022 17:15:33   #
woodguru
 
son of witless wrote:
Recession is on it's way.


The sky is falling the sky is falling...

Reply
Sep 21, 2022 18:32:58   #
son of witless
 
woodguru wrote:
The sky is falling the sky is falling...


Some of us were not born yesterday, like you were. Some of us lived through this before, when another Democratic President presided over high inflation. We remember it because unlike you we were there. Chairman Powel waited too long before raising interest rates. At the same time your Boy Joe's policies are contradicting what Powel is trying to do.

That means that thanks to your boy Joey, Powel will have to be even more brutal in squashing the economy and inflation. This is 1978 and Joe is Jimmy Carter. The good news is that Jimmy Carter's incompetence turned a lot of flaming Liberals such as yourself into fine upstanding Conservatives such as me, although in truth I did not need the conversion. I was never a you.

You've never lived through stagflation. I have. I know what's coming. The sky actually is falling. The stock market sure is. The housing market sure is falling. The only thing left for the Fed is to kill the job market to stop inflation, and Powel has said he won't stop until he stops inflation. Well everything he's done so far hasn't worked.

That means he's about to go all Paul Volcker. You need to google that name. I can wait.

Reply
Sep 21, 2022 18:44:40   #
son of witless
 
pegw wrote:
Ressesion may be on it's way. People have been predicting it for the past 8 months. So far, other than the stock markets going down, nothing has happened.


I feel sorry for you. I know from your past postings you are not an investor. I am, so I follow what is going on in business and the economy. My advice to you is to hoard money. Put off any large purchases that you can. Your money will go farther a year or two from now. Chairman Powel is trying to suck the excess money out of the economy. Hang onto yours' and try to get as much as you can. For the next two years cash will be king. I actually hope that it is only two years. It could be 4 years.

Borrowers are going to get slaughtered like hogs.

Reply
Sep 21, 2022 18:48:30   #
Peaver Bogart Loc: Montana
 
piggyw wrote:
Ressesion may be on it's way. People have been predicting it for the past 8 months. So far, other than the stock markets going down, nothing has happened.


You must live in a place where everything is supplied to you. You don't have to dig in your pocket to pay for anything. My guess is an asylum.

Reply
 
 
Sep 23, 2022 00:27:26   #
Radiance3
 
pegw wrote:
Ressesion may be on it's way. People have been predicting it for the past 8 months. So far, other than the stock markets going down, nothing has happened.


===================
Recession is here. Only the radical democrats deny it. Two successive negative growth stems recession. First Quarter has a negative GDP of -1.6%. The 2nd quarter, negative GDP of -.6%.

It was a dumb action by the Federal Bank to raise interest rate to 3/4% or .75%. Their stupid claim is to reduce inflation. This was the 5th time that they've raised the interest rate for borrowing. It did not curve inflation but remain steady high . The massive Joe Biden's spending was one of the causes of inflation. The other one was the lack of supplies versus demands of the people. These are the 2 primary cause of inflation.

Raising interest rate did not curve inflation instead there are several negative effects to the economy. As the borrowing rates went up, our National Debts now at $31 trillion will go higher. The interest charged to our loans gets higher. Accrued interests are added to the balance of the loan debts every year.

At the same time real estate slows down. Construction projects that depend on loans for capital financing stops or slows down due to higher cost of financing. Or they raise price of the real estate or homes they've developed. Home buyers hesitate to buy due to either affordability or exorbitant price. They could hardly afford.

Small or large businesses depending on capital loans to run their business elevates their overhead cost. And to offset the cost, to break even, or make a profit they raise price of the products or services. Likewise large corporation's focus for profit for their share holders. But when overhead costs go up. Their choice is raise price of their products and or services. Other solution is reduce employment. All these actions are negative and raise inflation.

The worst effect of raising interest rates is the stock markets go down. Recently there's massive losses in the stock market, the Nasdaq, and S & P 500. All our retirement funds at 501k and 403b are all brought down to the floor. Lost about 40% since 2020.
When our retirement is almost gone, what do you expect? Work longer till 72 as Joe Biden tax us to the roof?

Elect GOP who have better economic foresight in Nov. 2022 . To alleviate our sufferings, and to have a brighter hopes to leave something for our children. For tomorrow we journey to the final resting place, a permanent home where God wants us to be. But we must leave that bright footprints for later generations to follow.

Reply
Sep 23, 2022 08:17:38   #
son of witless
 
Radiance3 wrote:
===================
Recession is here. Only the radical democrats deny it. Two successive negative growth stems recession. First Quarter has a negative GDP of -1.6%. The 2nd quarter, negative GDP of -.6%.

It was a dumb action by the Federal Bank to raise interest rate to 3/4% or .75%. Their stupid claim is to reduce inflation. This was the 5th time that they've raised the interest rate for borrowing. It did not curve inflation but remain steady high . The massive Joe Biden's spending was one of the causes of inflation. The other one was the lack of supplies versus demands of the people. These are the 2 primary cause of inflation.

Raising interest rate did not curve inflation instead there are several negative effects to the economy. As the borrowing rates went up, our National Debts now at $31 trillion will go higher. The interest charged to our loans gets higher. Accrued interests are added to the balance of the loan debts every year.

At the same time real estate slows down. Construction projects that depend on loans for capital financing stops or slows down due to higher cost of financing. Or they raise price of the real estate or homes they've developed. Home buyers hesitate to buy due to either affordability or exorbitant price. They could hardly afford.

Small or large businesses depending on capital loans to run their business elevates their overhead cost. And to offset the cost, to break even, or make a profit they raise price of the products or services. Likewise large corporation's focus for profit for their share holders. But when overhead costs go up. Their choice is raise price of their products and or services. Other solution is reduce employment. All these actions are negative and raise inflation.

The worst effect of raising interest rates is the stock markets go down. Recently there's massive losses in the stock market, the Nasdaq, and S & P 500. All our retirement funds at 501k and 403b are all brought down to the floor. Lost about 40% since 2020.
When our retirement is almost gone, what do you expect? Work longer till 72 as Joe Biden tax us to the roof?

Elect GOP who have better economic foresight in Nov. 2022 . To alleviate our sufferings, and to have a brighter hopes to leave something for our children. For tomorrow we journey to the final resting place, a permanent home where God wants us to be. But we must leave that bright footprints for later generations to follow.
=================== br i b Recession is here. ... (show quote)


There is still way too much money sloshing around the economy. Trying to sponge it out will be painful. Biden is doing the opposite of the Fed. He knows what is coming. He only wants it to hit after the midterms. Biden is pushing pushing pushing money into the economy. He doesn't care about inflation.

Biden and Powel are on opposite sides in this. Biden knows inflation is here to stay, so why not enjoy it ? He wants to keep the unemployment rate low. Powel knows that wage inflation is what's driving everything. He needs to throw the unemployment rate up through the roof to drive inflation down.

Your average Joe Voter wanders around clueless.

Reply
Sep 23, 2022 08:39:53   #
Radiance3
 
son of witless wrote:
There is still way too much money sloshing around the economy. Trying to sponge it out will be painful. Biden is doing the opposite of the Fed. He knows what is coming. He only wants it to hit after the midterms. Biden is pushing pushing pushing money into the economy. He doesn't care about inflation.

Biden and Powel are on opposite sides in this. Biden knows inflation is here to stay, so why not enjoy it ? He wants to keep the unemployment rate low. Powel knows that wage inflation is what's driving everything. He needs to throw the unemployment rate up through the roof to drive inflation down.

Your average Joe Voter wanders around clueless.
There is still way too much money sloshing around ... (show quote)

===================
Please don't give credit to the deceptive unemployment rate of Joe Biden. Here are the facts. The massive spending and redistribution of wealth of Biden is one of the causes of inflation. The purpose is to lure them and vote for radical democrats.

The money he feeds those people allow them to stay home and become continuously dependent. They don't look for jobs. There are few people looking for jobs. That is whey we have unfilled jobs of about 10 .4 million plus. Unemployment rate is dividing the number of people looking for jobs by the number of people in the workforce. In this case of Biden's policy the result is low unemployment rate, currently at 3.7% or 3.8%.

We are in a mild recession at present. Could get worst if the GDP becomes negative again for the 3rd qtr.

Reply
Sep 23, 2022 11:51:17   #
son of witless
 
Radiance3 wrote:
===================
Please don't give credit to the deceptive unemployment rate of Joe Biden. Here are the facts. The massive spending and redistribution of wealth of Biden is one of the causes of inflation. The purpose is to lure them and vote for radical democrats.

The money he feeds those people allow them to stay home and become continuously dependent. They don't look for jobs. There are few people looking for jobs. That is whey we have unfilled jobs of about 10 .4 million plus. Unemployment rate is dividing the number of people looking for jobs by the number of people in the workforce. In this case of Biden's policy the result is low unemployment rate, currently at 3.7% or 3.8%.

We are in a mild recession at present. Could get worst if the GDP becomes negative again for the 3rd qtr.
=================== br Please don't give credit to... (show quote)


I know that. The thing is, the people who are actually out working can go from job to job chasing the money, and those employers who do not pay up, will not have the workers they need. Powel can't do anything about Joe Idiot paying people to stay home. All he can do is keep squeezing the money from the economy until the job hoppers begin worrying about their jobs, and stop demanding more money.

That is going to be way more brutal than anyone imagines, because look around you. See all of the highway projects. Those workers are being paid well and spending their government supplied paychecks. Powel can't fight that. It means he must suck the money from housing and the stock market way more severely than if Joe Idiot wasn't fighting him.

The Wall Street Crowd is already screaming that Powel is going too crazy, but because he didn't act sooner and because Joe Idiot is still pumping liquidity into the system Powel can't stop. I am thinking late winter and early spring it gets very bad. Road construction shuts down in the Northern States at that time, and Powel's rate hikes will just be beginning to be felt.

Timing is everything. Biden is counting on the Shit hitting the fan after the midterm election.

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