Posted on 08/26/2019 10:09:35 AM PDT by SeekAndFind
Recent breathless headlines of impending recession exposed the “experts” more than the economy. In attempting to see over the economic horizon, they appeared more to be seeking to see past this administration. The economy remains sound, even as attempts to discredit become less so.
On August 19, the Washington Post’s first sentence summed up its one-dimensional angle on the National Association for Business Economics’ August survey: “Most economists believe the United States will tip into recession by 2021, a new survey shows, despite White House insistence the economy is sound.” So it went, with most establishment news outlets bent on finding the gray cloud around today’s current sterling economy.
Negative news sells. Perhaps it has always been thus, though it certainly seems most prevalent when the news is adverse to this administration.
Interestingly, the latest NABE survey showed something else — an improvement over the previous survey — if the time had been taken to read it. As the survey stated in its section on the economy, “Compared with results in the February 2019 survey, respondents, on balance, expect the next U.S. recession to occur later.” In other words, the survey shows an improved outlook regarding recession.
Respondents predicting a recession this year dropped from 10 percent to 2 percent. Those anticipating one next year also dropped, from 42 percent to 38 percent. Presuming these more optimistic respondents must put their predictions somewhere, they moved them to 2021, causing this later estimation to rise from 25 percent to 34 percent. Finally, those predicting the next recession would be even later moved up from 11 percent to 14 percent.
Despite three of the four groups reporting a better recession picture, the headlines managed to deliver worse news on the economy. All this, despite the evidence before America’s eyes
(Excerpt) Read more at spectator.org ...
They are rooting for failure!.....................
Even FBN’s own Dagen McDowell seems to be excited at the prospect.
Most economists know absolutely nothing and are too stupid to make predictions.
Furthermore, journalists contact ONLY those economists who deliver certified leftist viewpoints.
They totally are rooting against the home team! The yield curve is nothing but a predictor of Fed dovishness to begin with, and the definition of a recession is TWO quarters of NEGATIVE growth IN A ROW. It’s impossible that will happen in the next year. So sorry Dems, you’re more likely to find a Russian spy hiding in the oval office bathroom closet.
I got cousins that are CEOs and CTOs.
They say the economy is very good and they don’t see it slowing down.
They ALSO said AI is very good at helping them with certain things but so far, from what they see, the jobs lost to it or LESS than the jobs added.
And it is more of a tool than a replacement.
One cousin has been CEO of three different companies over 30 years and has sat on many boards.
He says at least in the business world, there are plenty of jobs and AI won’t change that any time soon.
MSM = Ted Baxter 24/7/365
And the reason for that is, US economicss programs only produce more Keynesians, who are indoctrinated in the belief that the answer to any economic problem is more governmentj.
The reason the journalists believe them is because they have been indoctrinated in the belief that whatever Smart People say is the truth and have no idea how to investigate and fact-check for themselves, or even how to write coherent English sentences.
The media thinks they can make whatever they want to happen happen simply by talking it up.
They have been trying to take Trump out using this method since he announced.
They still think they have everyone mesmerized.
economies have their ups and downs but
we’ve never seen so much prosperity and employment in USA
as today
Trump’s recovery from the Obama depression is remarkable!
OEM Class 8 truck sales are good predictor of the economy about 6 months out. Right now sales are in a slow decline, most likely election jitters.
I’m not feeling the LEAST LITTLE BIT ‘miserable!’ MAGA! :)
https://ycharts.com/indicators/us_misery_index
I remember when all of the same “experts” predicted that President Trump’s election would cause the stock market to plunge.
Good times. Good times.
We still have some Fleepers, who are having wet dreams about having a recession to defeat President Trump in 2020!
They are the same ones, who deny that we are builing a lot of the wall everyday.
-PJ
The 6 AM news this morning 8/26. Five minutes of speculation and “some say”. Then in 5 seconds “Futures are up big”, “Retail Sales are strong”, “Oil and gas prices are down and are expected to stay down all of September.”
Five minutes vs 5 seconds.
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