There's been talk of a recession for some time over at zerohedge, also at Greg Hunters USA Watchdog.com. Article on zerohedge this morning, states another chinese bank is about to go bust, the PBOC took over one last week that went bust, and then you have deutch (sp?) bank which has a supposed $40 trillion in derivatives, which is way more than the GDP of Germany, they've been sprialing downward for a while. Last I read, their stock was trading at $6.90 a share, if they go below $6.40 look out, they'll probably go bust.. This could cause some world wide problems, as they're not the only bank in this position. Nobody has the money to bail them out this time.. Look around, read up form your own opinions, but, I think the shit is about to hit the fan.. Put it this way, if the banks close on friday like normal, and on sunday evening the president come on tv, and says the banks are on holiday until further notice, and won't open on monday, you'd better run to the nearest ATM, and withdraw as much money as you possibly can.. Now, I could be wrong, and I hope I am, but the point is, nothing was really resolved when the real estate market collasped in 2008, the issues have just been festering.. T- bills are paying just over 2%, if SHTF, and they try QE again, 2% is very little wiggle room.. Anyway that's just my opinion, and it's worth what you paid for it..
When? 2020
How long will it last? Probably depends on the election.
Indicators? Chinese and Mexican consumers (Tariffs), declining auto industry (loan default, tariffs, layoffs), yield curve, corporate debt and corporate profit. All headed south.
I have to watch this stuff because half of our income comes from investments. We're both retired.
Last edited by Borderland; 06-03-2019 at 12:23 PM.
In the P-F basket of deplorables.
One of Mueller's key witnesses in this just got popped for child porn (again).
https://www.cnn.com/2019/06/03/polit...ges/index.html
#RESIST