Consumers Are At Tipping Point, So Prepare For Bear Stock Market And Recession

[The Barbarian]

We should not be surprised at the outcome we are now seeing. Nineteen months ago, when President Trump invoked emergency powers (bypassing Congress) to announce his first tariffs, the experts (economists, Wall Streeters, business leaders, historians and even politicians) warned of the damage that would occur and the inevitable lose-lose trade war that would emerge.

It took time, but the repercussions now are upon us.

The bottom line

Today’s (Friday, August 30) Consumer Sentiment Survey final August results confirmed the worst: consumers, the main support in this economic period, are anxious and ready to retreat. The large, unresolved tariff and trade wars’ adverse effects, visible in the manufacturing data, now have hit home with consumers. Therefore, the economy is in jeopardy, and that means the stock market, convertible bonds, and lower rated bonds are dangerous places to invest.

The best strategy looks to be cash reserves.
https://www.forbes.com/sites/johnto...e-for-bear-market-and-recession/#6a32ee9a27d6

 

[Stripe]

Looks like the liberals have moved on from trying to impeach whatsisname. Now they're hoping for an economic crisis.

 

[Jerry Shugart]

Looks like the liberals have moved on from trying to impeach whatsisname. Now they're hoping for an economic crisis.

They are probably pulling all the strings they can which they hope will bring about an economic crisis, proving once again that all they care about is gaining power and they couldn't care less about the well being of the U.S.A.

 

[The Barbarian]

The strings are a huge and increasing deficit, and a foolish trade war that will harm everyone. It's not as though he wasn't warned about this.

 

[Stripe]

:rotfl:

:mock: Barbarian

 

[Gary K]

The strings are the Fed and their constant tightening of the money supply since Trump's election. The Fed printed money constantly during Obama's time in office. They have been figuratively burning cash--pulling it out of the money supply--since Trump entered office. They also left interest rates at 0% for all but the last few months of Obama's presidency. Under Trump they have raised interest rates 7 times.

The depression that is coming is a function of what the Fed and the swamp have done to Trump. Trump has both brought money back into the economy and created more manufacturing jobs than anyone thought possible. His so-called "trade war" has been shown, by one of the largest financial firms in the world, to have cost US consumers next to nothing: 1/10th of 1% inflation. The rest is all due to Fed policies that manipulate the money supply and interest rates. Plus the swamp getting together and passing omnibus spending bills pushing large deficits in rare shows of cooperation between Dems and Republicans.

 

[Quetzal]

Looks like the liberals have moved on from trying to impeach whatsisname. Now they're hoping for an economic crisis.

The left leaning media would certainly turn a pretty coin for it. Most of my friends just want it to be corrected, all politics aside. No one benefits from a recession and if this is an indicator, I would like to see it addressed.

 

[The Barbarian]

A recession would cost me money. A lot of money. The last one put a huge ding in my retirement funds. But no one has any control over the man-child in the WH.