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In The News Today...

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August 28th, 2019 at 10:06:40 AM permalink
Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687	Talked into a recession? No, trump's tweets and "trade wars are easy to win" policies are sending us into recession. I suppose his tweets count as talking us into a recession. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan

August 28th, 2019 at 10:20:22 AM permalink

reno

Member since: Oct 24, 2012
Threads: 58
Posts: 1384

Quote: AZDuffman
I must say I cannot remember such a strong economy trying to be talked down into a recession in my lifetime. I guess calling Trump a white supremacist did not work so try something else......

True, the dumb libs can talk themselves into believing anything... but economic growth (or lack thereof) is a bit more objective because it can be measured. Or is it all FAKE NEWS?

Quote: CNBC
The rate on the benchmark 30-year Treasury bond sank to an all-time low on Wednesday while the U.S. yield curve inverted even further as fixed-income traders grew more confident in forecasts of tepid inflation and slower economic growth.

The 30-year bond yield dropped to as low as 1.907% early Wednesday morning, breaking its prior all-time low of 1.916% clinched earlier in August. The 30-year rate later moved off those lows to trade at 1.933%, still below yields on U.S. debt of far shorter duration such as 3-month and 1-month bills.

The yield curve inversion, meanwhile, continued to worsen on Wednesday. The yield on the benchmark 10-year Treasury note slumped further below that of the 2-year note — at 1.464% and 1.502%, respectively — after closing inverted for the second day in a row on Tuesday. Yields fall as prices rise.

Bond traders consider a 10-year rate below the 2-year yield a notable recession signal, marking an unusual phenomenon as bondholders receive better compensation in the short term.

August 28th, 2019 at 10:22:03 AM permalink
reno Member since: Oct 24, 2012 Threads: 58 Posts: 1384	Quote: DRich I would be very surprised if 50% of the stuff sold at Walmart is from China. Does 50% sound too high or too low?

August 28th, 2019 at 10:54:28 AM permalink
AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212	Quote: reno Does 50% sound too high or too low? High. If you are going by SKU count not volume the grocery section alone will make 50% hard. The President is a fink.

August 28th, 2019 at 10:56:41 AM permalink

AZDuffman

Member since: Oct 24, 2012
Threads: 135
Posts: 18212

Quote: reno
True, the dumb libs can talk themselves into believing anything... but economic growth (or lack thereof) is a bit more objective because it can be measured. Or is it all FAKE NEWS?

About a month ago the media started trying to talk up a recession. Record low unemployment and all great but they started talking it up. If I did not know any better I would say they had a meeting on the next "Get Trump" play.

The President is a fink.

August 28th, 2019 at 11:06:28 AM permalink
ams288 Member since: Apr 21, 2016 Threads: 29 Posts: 12536	Yup, they can’t blame Obama or Hillary, so if there is a recession next year it’s going to be the fault of..... the media. lololol “A straight man will not go for kids.” - AZDuffman

August 28th, 2019 at 11:14:35 AM permalink
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011	Quote: AZDuffman I must say I cannot remember such a strong economy trying to be talked down into a recession in my lifetime. ... The whole thing is ridiculous. You can't talk a recession into being any more than you can talk your way out of one. If you take a risk, you may lose. If you never take a risk, you will always lose.

August 28th, 2019 at 11:32:07 AM permalink
DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4969	Quote: reno Does 50% sound too high or too low? Sounds extremely high to me. i doubt it is above 20%. At my age a Life In Prison sentence is not much of a detrrent.

August 28th, 2019 at 11:46:44 AM permalink
reno Member since: Oct 24, 2012 Threads: 58 Posts: 1384	Quote: Evenbob The whole thing is ridiculous. You can't talk a recession into being any more than you can talk your way out of one. I completely agree. If Bill Maher and Rachel Maddow insist that a recession will start next Tuesday, then Wall Street bond traders must follow their marching orders and do as told? Nonsense.

August 28th, 2019 at 11:49:23 AM permalink
reno Member since: Oct 24, 2012 Threads: 58 Posts: 1384	Quote: DRich Sounds extremely high to me. i doubt it is above 20%. Wait, am I the only one here who shops at Walmart? Groceries are a separate category. But manufactured goods-- clothing, shoes, toys, housewares, kitchen wares, bedding, electronics. Most of that stuff at Walmart is from China.

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