…is a field dying from carbon pollution, you might just be a Warmist
The blog of the day is Raised On Hoecakes, with a post on increasing taxes on “the Rich”.
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A recession is inevitable. They always happen and are cyclical. What causes them?
It is simply consumer demand. For example I just bought a new computer. The first in four years. I’m done. No more computers for me for at least 4 or 5 years.
One year ago I bought a new shotgun and .380 pistol. I’m done. Don’t anticipate buying another weapon ever. I hate them. Only reason I bought them was because the Democrats scare the bejesus outta me over their vapid desire to take away guns. But Im done. NO more buying guns for me.
We bought a new car 9 months ago. I’m done for the next 4-5 years. I bought a new camping trailer last year. the first in about 6 years. I’m done.
We had new floors installed in our house about three months ago. I’m done. No more floors for me. About 3 years ago right after Trump was Elected I paid a contractor about 33k to remodel or backyard including the installation of a Sun room. I’m done.
My wife and I have spent, and consumed and now we are in the saving mode. Theres nothing more we want to buy right now. I am not the exception. I am the rule. When things are going good, consumers open up and spend money. then they get spent out. They have bought all the computers and TV’s and cars and Trucks and floors and guns they intend to buy FOR AWHILE. Then they start saving or at least slow their spending.
Enter the recession. Things slow down. Its a cycle. I never blame a president for this. I might blame a congress like in 2007(The economy was already showing signs of slowing) the first thing the Democrats did was enact a minimum wage hike in the middle of oil prices going through the roof causing gasoline to become exorbitantly expensive. People were buying gasoline instead of Big Macs.
In this case deficit spending is nothing more than stimulus. Its why politicians cant balance the budget. They are all desperate to keep their jobs so they just blame the other guy and this deficit spending keeps the economy rolling until everyones all spent out.
Are you going to use your computer to purchase items online?
Are you going to buy ammo? Going to a range?
Are you going to buy gas, oil, tires?
Are you going camping?
How about a new roof?
Paint the house?
Purchase insurance?
Are you getting the point?
Yes I am going to do all of those things at some point in the future but NOT in the next 2-3 years barring camping. I boon dock in the national parks which no one receives income from my experience other than the gasoline company for 10 extra gallons to get there. I’m pretty sure that will stave off any recession. ARE YOU getting the point. Recessions always happen. Always. Denying the facts doesn’t make them go away.
They can happen. How often is anybody’s guess.
ROLCON.
Didn’t deny anything. Just because you are not going to do anything for 3 years doesn’t mean millions of others will do the same.
Inevitable is an indefinite word, but don’t get your hopes up for the next few months.
Sales of existing homes hit a 5 month spike. That doesn’t happen if there’s a recession on the horizon.
Of course, it’s not all about you. You may be done, but plenty of other people are still scared of democrats and haven’t bought a gun yet… or ammo… or camping gear… or a new couch… or floors…
Just think of all your neighbors who will see your new car, camper, and floors and now want one too.
I don’t have my hopes up that we are in for a recession. I only know that in watching the economy it has been quite a while since we have had one. They are cyclical. Truman, Truman, Eisenhower, Nixon, Nixon, Ford, Carter. Reagan, Bush, Bush Jr was nailed with one just after Clinton left the white house. Bush Jr again 7 years later. Then Obama took over and for two-three years it was mired in deep recession. Now about 10 years later with the economy steadily improving we are in that cycle again.
IF you look at the history of recessions they do not have to be that bad nor do they need to defeat presidents. The time varies between recessions to mere months to 10 years.
It’s basically been 10 years since the last recession. I just look at facts, not propaganda. Even Trump is worried because he his talking about it non stop which he should be so he doesn’t get blamed for it since no one in the GOP wants to lift a tongue to defend him.
Look at the last 12 since 1949. Only one president
Don’t want to get all wonky here but do you understand what causes a recession?
If so, please point out the economic signals that today are pointing towards a recession. What are they?
Only marker is the inverse yield curve. But the economic downturn with it could be years out. Labor market is a little soft. But the Fed got the message to stop intentionally trying to ruin the economy and will drop rates.
Former Fed Chair Janet Yellen stated that the inverted yield curve might be a false signal at this time.
They were either politicians or soldiers.
Trump’s a businessman. He might just know what’s going on a little better than the theoreticians.