There are no experts in this country.
I think they have predicted 17 of the last five recessions.
There is always a chance for a downturn. Don't over leverage. Hate debt.
They have no idea what they are talking about. They don’t deserve their high salaries.
They want this to happen because they hate Trump.
I would suggest that people go back and review the 1920 to 1929 era...using the book ‘The Forgotten Man’ by Amity Shlaes.
A source of info on the period, and it will explain the various details that historians tend to avoid discussing.
It would be impossible to worse than the 1929 era depression because of the incompetence of the fed in this era. Add to it....the President would have to go and hire only idiot economic experts (as FDR did) to achieve the remarkable Great Depression.
Peter Schiff has been crying wolf for years.
Are these the same ‘experts’ that said if Trump is elected the economy would go belly-up?................
I was only able to make second assistant head of local research at Elliott Wave International. But I didn't have a cool name like Murray Gunn.
What the hell is Elliott Wave International?
Is Peter related to Adam?
““The US economy is in so much worse shape than it was a decade ago.””
That is all one needs to read in this “article”.
ha ha ha
That’s great news.
This was my favorite part.
Since nobody on the planet wants that, we’ll just go on printing Monopoly Money and gladly accepting it for as far into the future as the eye can see.
The crash depends on what position the moon is and whether we have a planetary alignment that increases the moon’s tidal force that affects the brain CSF causing rapid swings of intra-cerebral pressure on the human cortex, especially sensitive centers affecting emotion and memory such as the amygdala and hippocampus.
A stopped clock is only right 2X a day. But eventually it is right.
I would ALWAYS recommend being prepared for a disaster or economic downturn. In good times, use any “extra” money to pay off debts, put up food and supplies, and repair vehicles, house, generator, garden, etc. Acquire firearms, ammunition, barter items, etc. Work on getting healthy - get any needed surgeries, medications, braces, first aid kit, water filtration, etc.
So that when a disaster or economic downturn does hit, you have a pad against the pain or longevity of the downturn in fortunes.
I follow the financial news fairly closely. There has been a stark contrast in financial reporting since Trump was elected.
During the Obama debacle the financial press was always on the edge of their seat that the tiniest, slightest action portended great, great things for the economy, which was moribund for all 8 years of Obama. Once Trump got elected it is a near daily dose of why the stock market is on the edge of collapse, a down turn, or something worse than 1929.
We all recall the operative word of the financial press under Obama was the term, “unexpected”, as in: Obama’s economy is fantastic! Therefore, the fact that unemployment, food stamps and disability are through the roof is... unexpected.
Now with Trump, the hobgoblins are always warning about the impending financial catastrophe. As if they are intentionally trying their hardest to wreck the economy, at least enough to damage Trump and Republicans.
List of recessions in the United States
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
I like to point this list out when somebody uses Great Depression hyperbole.
Democrats have been putting out negative stories about the Markets for weeks. They want it to crash before the midterms. Guess the whoremonger on HBO isn’t the only one who’d like to see it crash so democrats can get their power back...
These people - democrats - really are that horrible... they would hurt all of us to get power back.
-—“The US economy is in so much worse shape than it was a decade ago.”-—
Really? I bet there are plenty of formerly unemployed - unemployed and discouraged under 0BAMA’s watch - who would beg to differ, Mr. John Aidan Byrne of the NYPost.