Current Events > There will probably be another recession by 2020, and to that I say, 'good'.

(+) Yeah! (+)

Most economists predict another recession is inevitable(source: https://www.bloomberg.com/news/articles/2018-10-01/two-thirds-of-u-s-business-economists-see-recession-by-end-2020 )by the end of 2020, and that is a good thing. Sooner or later, Republican policies almost always lead to economic downturns. The only variable is whether it happens sooner (as was the case with Hoover) or later (as was the case with Bush Jr).

It's best that the American people are forced to see the error of their ways sooner than later. That's why I applaud China for imposing strict retaliatory tariffs on the US that mainly affect red states. Think of it as punishment for once again directly fucking yourselves over by continuing to elect leaders whose policies screw you over time and time again.
---

shut
the
fuck
up
---

eggcorn posted...

shut
the
fuck
up

I get it, I make you really angry. Please, try to calm down. I'm just some guy on the internet.
---

Screw that crap! I really don't want a recession to hold me back. I don't have time for that crap!
---

A recession would be a great time for me to get a nice house on the cheap! Right now is a terrible time to buy.
---

Oh TC, you are so naive. The economy will tank once a democrat is in office, then republicans will rile up the base and say it is the fault of the democrats. Things will start improving but then the ill-informed public will still buy into the lies from the R's, and the cycle will repeat again. Look at the last 50 years for evidence.
---

Who the hell wishes for a recession just because they don't like that the president says mean things on Twitter.
Children do.
---

EternalDivide posted...

Who the hell wishes for a recession just because they don't like that the president says mean things on Twitter.
Children do.

It's really disingenuous to keep saying that this is the only bad thing Trump does.
---

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh
---

EternalDivide posted...

Who the hell wishes for a recession just because they don't like that the president says mean things on Twitter.
Children do.

yeah, its very spiteful....dude has listened too to much jordan peterson and alex jhones
---

I wasn't aware we were no longer in recession...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

Yes, I'm aware, but one doesn't excuse the other, and plenty of the people who would be affected by a tanking economy aren't Trump supporters to begin with.
---

Take that, other team!
---

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously
---

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Inb4 someone shiposts about Charlottesville.
---

Tc lives with his parents confirmed
---

big difference between wishing harm on the other guy and pointing out the inevitable conclusion to stupid policies...
---

Noumas posted...

I wasn't aware we were no longer in recession...

Where have you been for the last 4 years?
---

TC is privileged af if hes sayin a recession would a be good thing, totally dissing all the underprivileged folk who will just suffer worse because of it...
---

should I sell my stocks before the recession

I didn't have any last time
---

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

Huh? You don't see Trump supporters making topics about looking forward to recessions.

Noumas posted...

I wasn't aware we were no longer in recession...

Trump dragged us out of it quickly after taking over.
---

monkmith posted...

big difference between wishing harm on the other guy and pointing out the inevitable conclusion to stupid policies...

This guy gets it
---

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Lmao not even you seriously believe that shit
---

WhinyZach posted...

Only people who get effected by a recession are those living outside their means.

yeah, you loose your job because of the recession you were meant to be homeless.
---

The Great Muta 22 posted...

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Lmao not even you seriously believe that shit

1 side is concerned with putting gas in the car, buying groceries, living their lives
the other side is desperate to be instagram/twitter famous purely for shit talking trump
---

Roxborough4Ever posted...

The Great Muta 22 posted...

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Lmao not even you seriously believe that shit

1 side is concerned with putting gas in the car, buying groceries, living their lives
the other side is desperate to be instagram/twitter famous purely for shit talking trump

Once again proving conservatives have a complete and total lack of self-awareness.
---

https://www.youtube.com/watch?v=nXVVvQP1TwU" data-time="
---

Genocet_10-325 posted...

Roxborough4Ever posted...

The Great Muta 22 posted...

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Lmao not even you seriously believe that shit

1 side is concerned with putting gas in the car, buying groceries, living their lives
the other side is desperate to be instagram/twitter famous purely for shit talking trump

Once again proving conservatives have a complete and total lack of self-awareness.

just a sense of self preservation.....1 sides dreams of a Obama/Bernie paradise of "FREE FREE FREE"....while others realize that they need to work and contribute to be a success

the non believers will spout pseudo-racist theories (while ironically thinking they are fighting/destroying racism with their own brand of racism) that the reason why they couldn't succeed was because a force that only their group is holding them back.
---

Roxborough4Ever posted...

Genocet_10-325 posted...

Roxborough4Ever posted...

The Great Muta 22 posted...

Roxborough4Ever posted...

Alphamon posted...

bover_87 posted...

While Trump is godawful, wishing suffering on others just because of him is pretty fucking sad tbh

You are aware those same Trump supporters wish suffering on everyone else?

not really, they just want whats best for themselves.....its not being perpetrated maliciously

Lmao not even you seriously believe that shit

1 side is concerned with putting gas in the car, buying groceries, living their lives
the other side is desperate to be instagram/twitter famous purely for shit talking trump

Once again proving conservatives have a complete and total lack of self-awareness.

just a sense of self preservation.....1 sides dreams of a Obama/Bernie paradise of "FREE FREE FREE"....while others realize that they need to work and contribute to be a success the non believers will spout pseudo-racist theories (while ironicically thinking they are fighting/destroying racism with their own brand of racism) that the reason why they couldn't succeed was a force that only targets them is holding them back.

If you really think all conservatives are motivated only by self preservation when really most are motivated because they're afraid of brown people gaining power over them then that is just naive.
---

Meh I doubt Fed rate hikes or Trump's tariff non-sense will cause a recession. Going to keep my investments out. If anything is going to cause a recession, it's the right's attempts to strip regulation.
---

WhinyZach posted...

monkmith posted...

WhinyZach posted...

Only people who get effected by a recession are those living outside their means.

yeah, you loose your job because of the recession you were meant to be homeless.

lol

no one with a proper career is gonna "loose" their job.

basement dweller isn't a career man...
---

A recession will come because the Federal Reserve enabled too much credit growth for way too long. We have another stock market bubble, particularly in tech. When a central bank suppresses interest rates it makes long term projects (i.e. dot coms in the 90s, housing in the 00s) look more attractive than they otherwise would, and investors pile in. Central bank intervention creates the next crash by solving the previous one.
---

tennisdude818 posted...

A recession will come because the Federal Reserve enabled too much credit growth for way too long. We have another stock market bubble, particularly in tech. When a central bank suppresses interest rates it makes long term projects (i.e. dot coms in the 90s, housing in the 00s) look more attractive than they otherwise would, and investors pile in. Central bank intervention creates the next crash by solving the previous one.

The central bank does an Excellent job, hence why every country have one. Their jobs are to limit the amount of credit a bank can reasonably give out, control interest rates, as you noticed, send notes back if they believe that banks are over lending and generally work to ensure banks are acting in good financial faith. Read a book on it.

Teddytalks posted...

tennisdude818 posted...

A recession will come because the Federal Reserve enabled too much credit growth for way too long. We have another stock market bubble, particularly in tech. When a central bank suppresses interest rates it makes long term projects (i.e. dot coms in the 90s, housing in the 00s) look more attractive than they otherwise would, and investors pile in. Central bank intervention creates the next crash by solving the previous one.

The central bank does an Excellent job, hence why every country have one. Their jobs are to limit the amount of credit a bank can reasonably give out, control interest rates, as you noticed, send notes back if they believe that banks are over lending and generally work to ensure banks are acting in good financial faith. Read a book on it.

I've read plenty on the subject, thanks. Every country has a central bank because governments and big banks like low rates and easy credit. The warfare/welfare state could not exist to the degree that it currently does without artificially low rates, and the financial sector would not be as huge as it is without the Fed. The fact that "every government does X" is not automatically something to be proud of.

Edit: The Fed doesn't have a better chance of knowing what interest rates "should be" anymore than the central planners at the USSR know what the price of steel should be.
---

I cry over families having nothing this thanksgiving.
You cry over the name of HP Lovecrafts cat.
---

What the fuck why? I literally just applied for a home loan.

imagine thinking a recession happening would be a good thing to "stick it to the redhats". they'll just blame it on the liberals
---

Votes have consequences. It's a shame that red hats refuse to see it.
---

Roxborough4Ever posted...

I cry over families having nothing this thanksgiving.
You cry over the name of HP Lovecrafts cat.

Elections have consequences my dude, and people have to learn that the hard way. Sorry you aren't mature and/or intelligent enough to realize that, but unfortunately I can't help you.
---

Genocet_10-325 posted...

Roxborough4Ever posted...

I cry over families having nothing this thanksgiving.
You cry over the name of HP Lovecrafts cat.

Elections have consequences my dude, and people have to learn that the hard way. Sorry you aren't mature and/or intelligent enough to realize that, but unfortunately I can't help you.

---

loafy013 posted...

Oh TC, you are so naive. The economy will tank once a democrat is in office, then republicans will rile up the base and say it is the fault of the democrats. Things will start improving but then the ill-informed public will still buy into the lies from the R's, and the cycle will repeat again. Look at the last 50 years for evidence.

This. So much this.

This is the cycle

Roxborough4Ever posted...

I cry over families having nothing this thanksgiving.
You cry over the name of HP Lovecrafts cat.

Pretty sure you cry over the color of a Starbucks cup or whether you can wear a MAGA hat to a Mexican restaurant

LordRazziel posted...

Genocet_10-325 posted...

Roxborough4Ever posted...

I cry over families having nothing this thanksgiving.
You cry over the name of HP Lovecrafts cat.

Elections have consequences my dude, and people have to learn that the hard way. Sorry you aren't mature and/or intelligent enough to realize that, but unfortunately I can't help you.

Never said I was super smart. In fact, elections having consequences is actually a pretty simple concept.
---

nobody wants the consequences of unchecked immigration....the fact that you were insecure enough to respond to somebodies meme just shows the level of maturity you are on.....nobody cares dude, after we put gas in the car and food in the fridge im sure we'll be able to reflect on the consequences before we go to bed because we have to wake up for work in the morning....not everybody is like you living in a fantasy world of existing on debt and getting 50 dollar gift cards to show up to rallys and fake protest for twitter clout and instagram attention.....nobody cares dude, nobody really cares lol
---