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Thread: Recession imminent

  1. #181
    nobody blues's Avatar
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    Quote Originally Posted by rob_s View Post

    I still maintain that the only reason we arenít already in recession (or havenít admitted it) is that the rich folks have just kind of agreed not to have one yet.
    Bingo! (to the bold section)
    There's nothing civil about this war.

  2. #182
    Tactical Nobody Guerrero's Avatar
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    Recession... heck, we just hit the first sign of a depression:

    https://www.nationalreview.com/news/...arter-of-2022/
    Oversimplification is a very efficient way to make yourself stupid.

  3. #183
    Junk Carry Dude Kyle Reese's Avatar
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    Quote Originally Posted by Guerrero View Post
    Recession... heck, we just hit the first sign of a depression:

    https://www.nationalreview.com/news/...arter-of-2022/
    Fake news. Joe says that we're on the mend and doin' fine.

  4. #184
    nobody blues's Avatar
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    Quote Originally Posted by Kyle Reese View Post
    Fake news. Joe says that we're on the mend and doin' fine.
    Thanks for that. I feel relieved now. I think Raggedy Ann said much the same thing.
    There's nothing civil about this war.

  5. #185
    Site Supporter Borderland's Avatar
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    Quote Originally Posted by Guerrero View Post
    Recession... heck, we just hit the first sign of a depression:

    https://www.nationalreview.com/news/...arter-of-2022/
    That's good news. I thought we were going to have a recession.

    I went to the grocery store yesterday. It's not looking good for us retirees on a fixed income.

    The bright side is we could be retired and living in Russia.....or worse, Ukraine.
    In the P-F basket of deplorables.

  6. #186
    nobody blues's Avatar
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    Where does the bread line form?
    There's nothing civil about this war.

  7. #187
    Site Supporter Oldherkpilot's Avatar
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    Quote Originally Posted by blues View Post
    Where does the bread line form?
    Next to the circus line, obviously.

  8. #188
    HAS ELECTROLYTES LittleLebowski's Avatar
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    VA
    Is this a political discussion yet?
    #RESIST

  9. #189
    Site Supporter farscott's Avatar
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    Dec 2011
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    Dunedin, FL, USA
    Starting to see signs of stagflation with high inflation combined with a loss of jobs. The leading job indicators, namely bankers and foot soldiers for financial companies, are starting to see layoffs. Not surprising when the fifteen-year mortgage rate has essentially doubled in six months. The Fed is talking about a 75 basis point increase to the Fed funds rate with a year end goal of a rate around 3.5%. Then we see inflation with fuel prices much higher than last year and food prices going crazy. My wife told me she saw a dozen eggs going for $5.00 and butter at $6.50 per pound. Last year, a dozen eggs cost less than $1 and butter was $3.00 per pound.

    This reminds me too much of the late 1970s.

  10. #190
    I wonder if Amazonís quarterly loss is the proverbial canary in the mine, for our 2022 economy.
    Likes pretty much everything in every caliber.

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