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TRUMP RECESSION IS COMING


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There is a recession coming (in fact, it's already here if you look beyond the phony numbers).

But this time there's someone in the White House who'll be able to fix the system for a very long time after the crash. Trump ain't no Bush or Obama - Trump knows what he's doing.

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7 hours ago, darkblue said:

There is a recession coming (in fact, it's already here if you look beyond the phony numbers).

But this time there's someone in the White House who'll be able to fix the system for a very long time after the crash. Trump ain't no Bush or Obama - Trump knows what he's doing.

Tell that to all the unemployed now and soon to be.  As well as all those who will lose health coverage.  Add in all the 4019k)'s, IRA's and other retirement plans that will lose a large percentage of their worth.

After the 2008 Bush Recession, Obama and his administration created great economic improvement for all Americans.  Trump's policies only create improvements for the super rich and large corporations, who share NONE of their money with the middle or working classes.

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Mnuchin tries to assure markets after shutdown roils Washington

"......an accompanying statement indicating that Treasury Department officials are worried about a potential liquidity freeze or chain-reaction or run on securities.

Treasury announced that Mnuchin convened a call with the nation’s six largest banks, Bank of America, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Wells Fargo, to sound out the possibility of a panic. 

The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly.

Mnuchin and acting White House chief of staff Mick Mulvaney have also tried to tamp down fears that Trump will oust Powell, which could send markets plunging even deeper in the red after their worst December performance since the Great Depression....

https://thehill.com/policy/finance/422686-mnuchin-tries-to-assure-markets-after-shutdown-roils-washington

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15 hours ago, mr6666 said:

Mnuchin tries to assure markets after shutdown roils Washington

"......an accompanying statement indicating that Treasury Department officials are worried about a potential liquidity freeze or chain-reaction or run on securities.

Treasury announced that Mnuchin convened a call with the nation’s six largest banks, Bank of America, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Wells Fargo, to sound out the possibility of a panic. 

The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations. He also confirmed that they have not experienced any clearance or margin issues and that the markets continue to function properly.

Mnuchin and acting White House chief of staff Mick Mulvaney have also tried to tamp down fears that Trump will oust Powell, which could send markets plunging even deeper in the red after their worst December performance since the Great Depression....

https://thehill.com/policy/finance/422686-mnuchin-tries-to-assure-markets-after-shutdown-roils-washington

Another comment from another incompetent Trump appointee.

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8 minutes ago, Princess of Tap said:

 The Dow Jones Industrial Average dates back to 1896 when it was first published in " The Wall Street Journal ".

they must be anticipating the effects of a democrat-controlled house launching no less than 85 politically motivated investigations into our hero.....

the skunks!

:angry:

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13 hours ago, jakeem said:

 

13 hours ago, jakeem said:

Q: Will you fire the chair of the Federal Reserve and politicize US monetary policy because the president is mad about an interest uptick on variable rate loans on businesses from which he unethically refused to divest?

A: Don’t worry, we can print lots of cash

 

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On 12/23/2018 at 10:47 AM, darkblue said:

There is a recession coming (in fact, it's already here if you look beyond the phony numbers).

But this time there's someone in the White House who'll be able to fix the system for a very long time after the crash. Trump ain't no Bush or Obama - Trump knows what he's doing.

You did notice the market crash on Christmas Eve when Trump tried to "calm the markets" didn't you? He does not have a clue.

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  • 2 weeks later...

Dow drops 660 points after a year of losses.  BMW in S.C. says it will probably lose lots of money on decreased sales.  Not commenting on moving production to China - company's No. 1 market.

https://www.washingtonpost.com/business/economy/us-stocks-yanked-lower-by-apples-rare-subdued-sales-outlook/2019/01/03/a9c6f0de-0f5c-11e9-831f-3aa2c2be4cbd_story.html?noredirect=on&utm_term=.c4b5bf9b1af8&wpisrc=nl_evening&wpmm=1

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I was talking with a professional in the financial business yesterday.  She has been alerting her customers to the fact that their 401(k), 457, IRA and other statements will be arriving soon.  Almost all will show losses compared to Dec. 2017.  This will be the first full year of Trump's influence on the markets.

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  • 7 months later...

The Dow is down a whopping 770 points today.  There is no one else or no other thing to blame this on but Donald Trump.  He has added 3 trillion in debt instead of eradicating it as he pledged.  How many times did he go bankrupt?  And idiots think he is a brilliant businessman?  

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Dow Tumbles 800 Points As Bond Markets Signal Recession

".......Investors have been whipsawed in recent days from mixed signals emerging from the Trump administration about tariffs and the escalating trade war with China.

The jitters were exacerbated amid worrisome economic data from two big countries was announced. Germany posted negative growth in the latest quarter, and China's industrial output fell to a 17-year low.

An even bigger worry:

The yield on the benchmark 10-year Treasury note fell below 2-year Treasuries for the first time since 2007.

In other words, you would get a higher interest rate for government debt that matures in two years than in 10 years.......

https://www.npr.org/2019/08/14/751129610/dow-tumbles-over-600-points-as-bond-markets-signal-recession?utm_source=twitter.com&utm_medium=social&utm_campaign=npr&utm_term=nprnews

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and of course if we head into recession how will the dems look to the voters refusing to cooperate or work with trump in anyway and they're gonna sell that as their great abiding concern for the working class?

:lol:

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