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Thread: Recession coming (?)

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    Recession coming (?)

    All the signs are here that there's going to be a recession. The US budget deficit is blowing up, and the government is increasing spending. The Dow is sinking and investors are very nervous. The economy is just about as good as it gets, so why are these deficits spiraling out of control?

    Trump supporters eventually will eventually be forced to see the bigger picture. In 2016 Trump said; "I'm the king of debt. I'm great with debt. Nobody knows debt better than me, Debt may work for the benefit of a businessman who used debt in order to not pay any income tax but debt does not work for the benefit of the United States. At the end of this month, more tariffs on Chinese goods go into effect. These tariffs are going to affect everyone's pocketbook not only the steel and soybean industry. If he follows through on this threat, the odds of a recession increases to about 50/50 that it will happen, and those are really lousy odds.

    I made the decision today to sell some stock I've been holding onto. It's been a great stock for the ten years since I bought it at the IPO but in recent months it's been losing the gains made in the last ten years. My stock sale would become official once the market closed today and by the time that happened, it had already decreased in value, which isn't a big deal but I didn't have a whole lot of stock either. I have a feeling if I held it longer that I'd be losing much nore than I had. People who are big traders in stock are bleeding money this past week and it's going to get worse.

    When production slows, demand for goods and services shrinks, credit tightens and the economy enters a recession. People experience a lower standard of living due to employment uncertainty and investment losses. Employers lose revenue on goods that are no longer being purchased and job layoffs happen. No job, no money for rent, food, health insurance, school, clothes, and gasoline.

    I don't want to be an alarmist, I only want people to understand that now is a good time to put off the cruise or buying the new car for a short while until more is known about where this economy is heading. In other words tighten up the belt for a while. It wouldn't be a bad idea to buy gold, either real gold in the way of coins or jewelry or gold stocks.


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    Re: Recession coming (?)

    Quote Originally Posted by HumblePi View Post
    All the signs are here that there's going to be a recession. The US budget deficit is blowing up, and the government is increasing spending. The Dow is sinking and investors are very nervous. The economy is just about as good as it gets, so why are these deficits spiraling out of control?

    Trump supporters eventually will eventually be forced to see the bigger picture. In 2016 Trump said; "I'm the king of debt. I'm great with debt. Nobody knows debt better than me,” Debt may work for the benefit of a businessman who used debt in order to not pay any income tax but debt does not work for the benefit of the United States. At the end of this month, more tariffs on Chinese goods go into effect. These tariffs are going to affect everyone's pocketbook not only the steel and soybean industry. If he follows through on this threat, the odds of a recession increases to about 50/50 that it will happen, and those are really lousy odds.

    I made the decision today to sell some stock I've been holding onto. It's been a great stock for the ten years since I bought it at the IPO but in recent months it's been losing the gains made in the last ten years. My stock sale would become official once the market closed today and by the time that happened, it had already decreased in value, which isn't a big deal but I didn't have a whole lot of stock either. I have a feeling if I held it longer that I'd be losing much nore than I had. People who are big traders in stock are bleeding money this past week and it's going to get worse.

    When production slows, demand for goods and services shrinks, credit tightens and the economy enters a recession. People experience a lower standard of living due to employment uncertainty and investment losses. Employers lose revenue on goods that are no longer being purchased and job layoffs happen. No job, no money for rent, food, health insurance, school, clothes, and gasoline.

    I don't want to be an alarmist, I only want people to understand that now is a good time to put off the cruise or buying the new car for a short while until more is known about where this economy is heading. In other words tighten up the belt for a while. It wouldn't be a bad idea to buy gold, either real gold in the way of coins or jewelry or gold stocks.
    I would suggest bullion and in big a bar as you can afford. The coin seller is the one making money in that transaction.

    I honestly don't see much of a difference in the economy today or the economy when this president took over from obama. I agree it has improved for wall street and corporate america but the average person, not so much. I see no reason for the markets to be as high as they are. In my opinion we are in a bubble just like the housing bubble before the big bam boom of the bush administration.
    When I stop answering you, there's a reason.......repeat, When I stop answering you, there's a reason.

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    Re: Recession coming (?)

    Bill Maher will be pleased because it'll make Trump look bad.

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    Re: Recession coming (?)

    My 401K is mostly in international or Asian funds and is doing ok. Last year was a bit rough, but the year before was a gift that kept on giving so I am still up overall since Trump. I think I am up around 14% on this year. Last year I was down 17% and the year before that I was up over 40%. I have several years to retirement so I am sure there will be lots more feast and famine years to go.

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    Re: Recession coming (?)

    Quote Originally Posted by bongsaway View Post
    I would suggest bullion and in big a bar as you can afford. The coin seller is the one making money in that transaction.

    I honestly don't see much of a difference in the economy today or the economy when this president took over from obama. I agree it has improved for wall street and corporate america but the average person, not so much. I see no reason for the markets to be as high as they are. In my opinion we are in a bubble just like the housing bubble before the big bam boom of the bush administration.
    Maybe you can't 'see' the $730 million dollar budget deficit that was added due to Trump's tariffs, but it's there and it's affecting global markets. By the end of the year, it will easily hit $1 trillion.

    Gold stocks are easier to deal with but of course there's fees involved in purchasing gold stocks but storing gold bullion can be a problem. Each offers advantages and disadvantages. Often, gold stock moves in the same direction as gold bullion, but at other times, particularly when the stock market is moving rapidly down, gold bullion prices accelerate upward. Still, both gold options are valuable and depend on your preferences.


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    Re: Recession coming (?)

    Quote Originally Posted by HumblePi View Post
    Maybe you can't 'see' the $730 million dollar budget deficit that was added due to Trump's tariffs, but it's there and it's affecting global markets. By the end of the year, it will easily hit $1 trillion.
    I am well aware of this fiasco of an administration. This to me is typical republican, the markets go wild and then crash as it becomes clear the republican sitting in the white house is going to get the boot. As usual the republican party is creating more debt while in office, same old play, different day.
    When I stop answering you, there's a reason.......repeat, When I stop answering you, there's a reason.

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    Re: Recession coming (?)

    Quote Originally Posted by HumblePi View Post
    All the signs are here that there's going to be a recession. The US budget deficit is blowing up, and the government is increasing spending. The Dow is sinking and investors are very nervous. The economy is just about as good as it gets, so why are these deficits spiraling out of control?

    Trump supporters eventually will eventually be forced to see the bigger picture. In 2016 Trump said; "I'm the king of debt. I'm great with debt. Nobody knows debt better than me,” Debt may work for the benefit of a businessman who used debt in order to not pay any income tax but debt does not work for the benefit of the United States. At the end of this month, more tariffs on Chinese goods go into effect. These tariffs are going to affect everyone's pocketbook not only the steel and soybean industry. If he follows through on this threat, the odds of a recession increases to about 50/50 that it will happen, and those are really lousy odds.

    I made the decision today to sell some stock I've been holding onto. It's been a great stock for the ten years since I bought it at the IPO but in recent months it's been losing the gains made in the last ten years. My stock sale would become official once the market closed today and by the time that happened, it had already decreased in value, which isn't a big deal but I didn't have a whole lot of stock either. I have a feeling if I held it longer that I'd be losing much nore than I had. People who are big traders in stock are bleeding money this past week and it's going to get worse.

    When production slows, demand for goods and services shrinks, credit tightens and the economy enters a recession. People experience a lower standard of living due to employment uncertainty and investment losses. Employers lose revenue on goods that are no longer being purchased and job layoffs happen. No job, no money for rent, food, health insurance, school, clothes, and gasoline.

    I don't want to be an alarmist, I only want people to understand that now is a good time to put off the cruise or buying the new car for a short while until more is known about where this economy is heading. In other words tighten up the belt for a while. It wouldn't be a bad idea to buy gold, either real gold in the way of coins or jewelry or gold stocks.
    Once again, we are a tweet away from the dow gaining 500 points.
    Reality is merely an illusion, albeit a very persistent one. Albert Einstein

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    Re: Recession coming (?)

    Trump inherited this mess from Obama.

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    Re: Recession coming (?)

    This isn't the first thread predicting the economy turning south by leftist. Its almost like they are hoping the American people face troubled times.

    Who would do that? Who would hope Americans undergo such a thing?

    I know. Leftists would. Why? Because they believe it would increase their chances of having one of their own elected. Who would that be? Comrade BS? Creepy Uncle Joe? Fauxahontas? Beta?

    Yeah baby. Lets elect someone who believes in free healthcare for illegals. And free everything. Open borders. Etc.

    Hold on to your wallets. Leftists are surely going to take their "fair share."

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    Re: Recession coming (?)

    Quote Originally Posted by HumblePi View Post
    All the signs are here that there's going to be a recession. The US budget deficit is blowing up, and the government is increasing spending. The Dow is sinking and investors are very nervous. The economy is just about as good as it gets, so why are these deficits spiraling out of control?

    Trump supporters eventually will eventually be forced to see the bigger picture. In 2016 Trump said; "I'm the king of debt. I'm great with debt. Nobody knows debt better than me,” Debt may work for the benefit of a businessman who used debt in order to not pay any income tax but debt does not work for the benefit of the United States. At the end of this month, more tariffs on Chinese goods go into effect. These tariffs are going to affect everyone's pocketbook not only the steel and soybean industry. If he follows through on this threat, the odds of a recession increases to about 50/50 that it will happen, and those are really lousy odds.

    I made the decision today to sell some stock I've been holding onto. It's been a great stock for the ten years since I bought it at the IPO but in recent months it's been losing the gains made in the last ten years. My stock sale would become official once the market closed today and by the time that happened, it had already decreased in value, which isn't a big deal but I didn't have a whole lot of stock either. I have a feeling if I held it longer that I'd be losing much nore than I had. People who are big traders in stock are bleeding money this past week and it's going to get worse.

    When production slows, demand for goods and services shrinks, credit tightens and the economy enters a recession. People experience a lower standard of living due to employment uncertainty and investment losses. Employers lose revenue on goods that are no longer being purchased and job layoffs happen. No job, no money for rent, food, health insurance, school, clothes, and gasoline.

    I don't want to be an alarmist, I only want people to understand that now is a good time to put off the cruise or buying the new car for a short while until more is known about where this economy is heading. In other words tighten up the belt for a while. It wouldn't be a bad idea to buy gold, either real gold in the way of coins or jewelry or gold stocks.
    You can't make one thread without blaming Trump or his supporters.
    Stop with the partisan fear mongering and wishing that there is going to be a recession.

    Geesh.

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