Trump Sets Another All-time Economic Record!!
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Trump Sets Another All-time Economic Record!!
Lowest 30 year bond rate EVER.
https://finance.yahoo.com/news/forget-y ... 31971.html
Buckle up, kids! Gonna be a bumpy ride!
https://finance.yahoo.com/news/forget-y ... 31971.html
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Re: Trump Sets Another All-time Economic Record!!
On a positive note, if you've got any $$ in precious metals, those are going through the roof in the past couple days...up over 10% in just the past month alone.
https://www.kitco.com/charts/popup/ag1825nyb.html
https://www.kitco.com/charts/popup/ag1825nyb.html
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Re: Trump Sets Another All-time Economic Record!!
Durrr ORANGE MAN BAD Durrrrahhhhhhh!!!!!!!!!!
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Re: Trump Sets Another All-time Economic Record!!
Don't forget, he is bringing China to it's knees:
China's economy worsens in July, industrial growth at 17-year low as trade war escalates
https://www.reuters.com/article/us-chin ... SKCN1V404X
China's economy worsens in July, industrial growth at 17-year low as trade war escalates
https://www.reuters.com/article/us-chin ... SKCN1V404X
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Re: Trump Sets Another All-time Economic Record!!
The inverted yield curve has accurately predicted 50 of the last 5 recessions.
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Re: Trump Sets Another All-time Economic Record!!
CitadelGrad wrote:The inverted yield curve has accurately predicted 50 of the last 5 recessions.
oooohhhh….SO, so close...
Thanks for playing!
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Re: Trump Sets Another All-time Economic Record!!
Hyperbole much...CAA Flagship wrote:Don't forget, he is bringing China to it's knees:
China's economy worsens in July, industrial growth at 17-year low as trade war escalates
https://www.reuters.com/article/us-chin ... SKCN1V404X
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Re: Trump Sets Another All-time Economic Record!!
Agreed. The trade war is one factor, but it's one of many affecting Chinese growth. Some are self-inflicted, but ultimately the natural growth from an agrarian-to-industrial society is going to be much larger than an industrialized nation becoming more industrialized (which is now the case with China).Chizzang wrote:Hyperbole much...CAA Flagship wrote:Don't forget, he is bringing China to it's knees:
China's economy worsens in July, industrial growth at 17-year low as trade war escalates
https://www.reuters.com/article/us-chin ... SKCN1V404X
A projected growth of 5.8% is still no joke though; we'd be ecstatic for those numbers.
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Re: Trump Sets Another All-time Economic Record!!
DUrrrr ORANGE MAN REALLY BAD DURRAHHHHHHHH!
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Re: Trump Sets Another All-time Economic Record!!
That's akin to a recession for China.∞∞∞ wrote:Agreed. The trade war is one factor, but it's one of many affecting Chinese growth. Some are self-inflicted, but ultimately the natural growth from an agrarian-to-industrial society is going to be much larger than an industrialized nation becoming more industrialized (which is now the case with China).Chizzang wrote:
Hyperbole much...
A projected growth of 5.8% is still no joke though; we'd be ecstatic for those numbers.
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Re: Trump Sets Another All-time Economic Record!!
I can't count the number of times some dude on CNBC predicted a recession that never occurred because the yield curve was inverted.AZGrizFan wrote:CitadelGrad wrote:The inverted yield curve has accurately predicted 50 of the last 5 recessions.
oooohhhh….SO, so close...
Thanks for playing!
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Re: Trump Sets Another All-time Economic Record!!
Inverted yield curve is batting 1000 since 1970. Its not instantanous, however. An inverted yield curve has preceded EVERY recession by 6-9 months since 1970. So buckle up.CitadelGrad wrote:I can't count the number of times some dude on CNBC predicted a recession that never occurred because the yield curve was inverted.AZGrizFan wrote:
oooohhhh….SO, so close...
Thanks for playing!
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Re: Trump Sets Another All-time Economic Record!!
Been watching this one...metals balance out my portfolio, so while one is down, the other is up...significantly...AZGrizFan wrote:On a positive note, if you've got any $$ in precious metals, those are going through the roof in the past couple days...up over 10% in just the past month alone.
https://www.kitco.com/charts/popup/ag1825nyb.html
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Re: Trump Sets Another All-time Economic Record!!
And yesterday the 30 year went BELOW 2%, sitting at 1.98%. The entire curve is now officially inverted. That means recession before next spring.
Looks like JSO and Bill Maher are going to get their wish. Fucking assholes wishing ill will on all Americans because they don't like somebody. 300 million people have to suffer so they can get their way.
Looks like JSO and Bill Maher are going to get their wish. Fucking assholes wishing ill will on all Americans because they don't like somebody. 300 million people have to suffer so they can get their way.
"Ah fuck. You are right." KYJelly, 11/6/12
"The future must not belong to those who slander the prophet of Islam." Barack Obama, 9/25/12
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Re: Trump Sets Another All-time Economic Record!!
Honestly, I think we're in uncharted waters and no economist really knows where things will go.
You've got a trade deal going on and you have talks at the fed of cutting interest rates after an extended period of growth. I'm not so sure how using historical data really applies here.
You've got a trade deal going on and you have talks at the fed of cutting interest rates after an extended period of growth. I'm not so sure how using historical data really applies here.
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Re: Trump Sets Another All-time Economic Record!!
Well, lets hope the last 50 years of economic data are somehow wrong.Pwns wrote:Honestly, I think we're in uncharted waters and no economist really knows where things will go.
You've got a trade deal going on and you have talks at the fed of cutting interest rates after an extended period of growth. I'm not so sure how using historical data really applies here.
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Re: Trump Sets Another All-time Economic Record!!
Inversion doesn't have anything to do with what level a bond yield is at. It has to do with the bond yield relative to the other bond yields. The 30 year yield was still above the 2, 5, and 10 year yields where it belongs. So not sure what you are saying there.AZGrizFan wrote:And yesterday the 30 year went BELOW 2%, sitting at 1.98%. The entire curve is now officially inverted. That means recession before next spring.
Looks like JSO and Bill Maher are going to get their wish. Fucking assholes wishing ill will on all Americans because they don't like somebody. 300 million people have to suffer so they can get their way.
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Re: Trump Sets Another All-time Economic Record!!
True. I misspoke slightly...I was looking at the ENTIRE curve, including the 1 mo and 2 mo bills....we might yet be safe!CAA Flagship wrote:Inversion doesn't have anything to do with what level a bond yield is at. It has to do with the bond yield relative to the other bond yields. The 30 year yield was still above the 2, 5, and 10 year yields where it belongs. So not sure what you are saying there.AZGrizFan wrote:And yesterday the 30 year went BELOW 2%, sitting at 1.98%. The entire curve is now officially inverted. That means recession before next spring.
Looks like JSO and Bill Maher are going to get their wish. Fucking assholes wishing ill will on all Americans because they don't like somebody. 300 million people have to suffer so they can get their way.
"Ah fuck. You are right." KYJelly, 11/6/12
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Re: Trump Sets Another All-time Economic Record!!
When even Paul Krugman says you shouldn't panic yet...
Though the idea that doesn't have any good historical comparisons isn't really a reassuring thing.
Though the idea that doesn't have any good historical comparisons isn't really a reassuring thing.
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Re: Trump Sets Another All-time Economic Record!!
Well recessions are a bit born from self-fulfilling prophecies.
Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.
I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.
Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.
I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.
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Re: Trump Sets Another All-time Economic Record!!
That is a pretty hilarious article written a day before Lehman Bros imploded.Pwns wrote:When even Paul Krugman says you shouldn't panic yet...
Though the idea that doesn't have any good historical comparisons isn't really a reassuring thing.
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Re: Trump Sets Another All-time Economic Record!!
Holy SHIT. Treep and I agree on something!!!∞∞∞ wrote:Well recessions are a bit born from self-fulfilling prophecies.
Theoretically, you can have an indefinitely strong economy without ever running across a recession (as long as good economic practices are maintained). Of course human irrationality makes it nearly impossible. We see "signs" of a recession, horde money, stop investing, sell assets, not hiring, etc...and create a recession.
I believe a recession will happen not because of the inverted yield curve or any other "sign," but companies, investors, and even regular people are beginning to act like a recession is going to happen.
"Ah fuck. You are right." KYJelly, 11/6/12
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Re: Trump Sets Another All-time Economic Record!!
I guess the recession was postponed for another day today.
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Re: Trump Sets Another All-time Economic Record!!
Skjellyfetti wrote:That is a pretty hilarious article written a day before Lehman Bros imploded.Pwns wrote:When even Paul Krugman says you shouldn't panic yet...
Though the idea that doesn't have any good historical comparisons isn't really a reassuring thing.
One of the funniest KB scenes EVER.
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Re: Trump Sets Another All-time Economic Record!!
As usual, when Krugman the Economist writes something, it’s 20% economics and 80% liberal Archie BunkerPwns wrote:When even Paul Krugman says you shouldn't panic yet...
Though the idea that doesn't have any good historical comparisons isn't really a reassuring thing.
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