The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! | |
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Anonymous Coward User ID: 77530539 United States 04/04/2019 09:43 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! I made a thread the other day and was banned from the site. But I have been through enough recessions to know when one is coming. As a tradesman in construction and a business owner, I can't keep up with the demand of work available. People are spending like it's 1987. They are wanting it yesterday and if i can't provide it yesterday, they look for someone else. Bad contractors are coming out of the wood work and making a killing with crappy work. A recession is known to eliminate these pisspoor contractors and does it effectually. It always hits when these signs are at the peek and they are there, or very very close. Another sign is the T&D companies. When they slow down or start drying up the first sign has started. I think the T&D remark is was got me banned. T&D is (tool & D!*). It was a wording banned and was instant. |
Shetland Pony Dog User ID: 77353092 United States 04/04/2019 09:49 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's coming ,just not yet.After the recession,the building trades were screwed.We saw it coming a year before it did.Housing was collapsing long before the the media ever discussed.Like all these schemes,they keep the facade up as long as they can while they leaving out the back door.I know many very skilled people who were forced to retire after the last crash.Many in the middle of their career found a different career path.Alot of us toughed it out for a few years,drained our savings and annuities.The last 5 years the trade unions have been scrambling for workers.Took in lots of apprentices.Now it is starting to dry up again .I am not talking about housing but commercial work.Condo,office and apartment buildings.There is always some down time in the winter but has lasted for months instead of weeks this year.What i'm hearing is the rest of this year is the last hurrah.You must remember these big projects are planned years in advance.The mood at my union hall is not optimistic long term.Deja vu all over again.My .02 Look at the cawk on that dawg Education is a process,not a result |
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condor819 (OP) User ID: 76605426 United States 04/04/2019 09:58 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! wait until the 4th quarter... Quoting: Anonymous Coward 77517221 Food prices are going to EXPLODE! Beef, in particular, is going to be ridiculous. The farmers cannot plant too. I heard a crazy news report somewhere that something like a hundred thousand (?) hogs in China died from swine flu and the price of all meats (especially chicken for some reason) was going to go through the roof... |
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Shetland Pony Dog User ID: 77353092 United States 04/04/2019 10:05 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! This has been building for years now...I suspect that the only way out is that if the rumors of President Trump working on some kind of financial reset are true we might have a chance...but what that would look like is uncertain and it is still likely many would be crushed... Quoting: condor819 [link to www.zerohedge.com (secure)] Yep. We’re screwed. It is a giant monster many more times 08/09. The question is will it be a slow grinding or a violent thrashing. I’m glad we have had more time but was it worth it? I don’t think so. Obama was neocon in lefty mom jeans.He gave all our money to the fucking banks.O care is a gift to the health insurance and big pharma.He dropped more bombs than Bush enriching the M/I complex,spied on everyone.If he would have let it crash in one big wave we would all be in a better place.We would be leaner,meaner and wiser.Notice the divide gets wider with each election.Controlled demolition. Look at the cawk on that dawg Education is a process,not a result |
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Anonymous Coward User ID: 77528220 United States 04/04/2019 10:12 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! wait until the 4th quarter... Quoting: Anonymous Coward 77517221 Food prices are going to EXPLODE! Beef, in particular, is going to be ridiculous. The farmers cannot plant too. I heard a crazy news report somewhere that something like a hundred thousand (?) hogs in China died from swine flu and the price of all meats (especially chicken for some reason) was going to go through the roof... See, that's the thing with their 'pure' commodity system. The livestock cannot be sold if there are visible signs of sickness - which is simply BS because, while these animals are certainly toxic and sick due to how they are raised and fed - when they 'purge' (flu, etc) that means they're actually getting healthy. Sure, some will die but once they clear, we're looking at some good quality and healthy livestock to consume (relatively speaking). Instead, they vaccinate to keep the animals from purging so they look 'clean' on the outside and get sold - all the while the toxicity of these animals is through the roof high. This is one reason why the beef prices are already so high and going higher - their herds are collapsing and only a fraction are now making it to market. Throw in a bit of climate upheaval and the perfect storm is here. Those with the means should get a storage freezer and stock up now while there's time... |
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Anonymous Coward User ID: 77530539 United States 04/04/2019 10:18 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! I survived in business through 08 and never lost a single stride. Quoting: Anonymous Coward 77530539 YOur not in construction are you? I nearly lost everything listening to the lies coming out of Washington!:flag waver: Got it back under control about 2010. yes. Electrical contractor. |
DuckNCover User ID: 77529968 United States 04/04/2019 10:26 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! This has been building for years now...I suspect that the only way out is that if the rumors of President Trump working on some kind of financial reset are true we might have a chance...but what that would look like is uncertain and it is still likely many would be crushed... Quoting: condor819 [link to www.zerohedge.com (secure)] [link to www.cnbc.com (secure)] The US bond yield curve has inverted. Here’s what it means Published Mon, Mar 25 2019 • 10:19 AM EDT Key Points Last week, the yield on the U.S. 10-year Treasury note dipped below the yield on the 3-month paper. The yield curve — which plots bond yields from shortest maturity to highest and is considered a barometer of economic sentiment — inverted on Friday for the first time since mid-2007. More at link That folks is all you have to know Yeah. The inversion is considered a leading indicator. Pretty sure there were other inversions beyond just the 3m/10y Yes, it's a leading indicator that if we stay on the same course we might go into a recession in a few years from now... What happens if we go off course and actually have the USMC trade treaty, as well as a China trade treaty, a UK trade treaty and an EU trade treaty all signed and approved by Congress... If that happens, the market will double within 2 years... |
Anonymous Coward User ID: 77525481 United States 04/04/2019 10:32 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! The reason for the crash is simple: White people are being pushed aside economically by deliberate discrimination in favor of non Whites. Those non Whites then end up sending significant amounts of money to foreign nations, essentially bleeding America to the point of collapse. |
Anonymous Coward User ID: 22255432 United States 04/04/2019 10:35 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! If it weren't for the federal reserve and it's money printing press the economy would have already tanked. They'll just dump another trillion into the economy on the back of the American taxpayer. Trump will raise the debt ceiling to a magnificent beautiful infinity guaranteeing the taxpayers eternal servitude to debt. Quoting: Anonymous Coward 73738911 Confuscious say economic savior who bankrupts casino aint saving shit. Confusion never say that Big Duck |
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criticalthinker2015 User ID: 69590834 United States 04/04/2019 10:55 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! The reason for the crash is simple: Quoting: Anonymous Coward 77525481 White people are being pushed aside economically by deliberate discrimination in favor of non Whites. Those non Whites then end up sending significant amounts of money to foreign nations, essentially bleeding America to the point of collapse. I have certainly noticed a major increase in non whites working in financial industry and taking over large portions of redeveloped parts of chicago living in greatly overpriced luxury new construction, driving up costs in nearly every other market. Taxes are on the rise because of these naively optimistic idiots believing they are successful, smart and got it made, stupidly agreeing to pay them and not thinking about the other people here who cannot. They are driving a lot of natives out. Sure, change is inevitable, but the surge in new construction for shoeboxes over $500K are being bought up by foreigners and non whites. There is no such thing as affordable houaing unless you have a section 8 voucher in your hand, and you have to be non white to qualify for those..... |
Anonymous Coward User ID: 35827096 United States 04/04/2019 10:57 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! |
Anonymous Coward User ID: 70732847 United States 04/04/2019 11:03 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! This has been building for years now...I suspect that the only way out is that if the rumors of President Trump working on some kind of financial reset are true we might have a chance...but what that would look like is uncertain and it is still likely many would be crushed... Quoting: condor819 [link to www.zerohedge.com (secure)] [link to www.cnbc.com (secure)] The US bond yield curve has inverted. Here’s what it means Published Mon, Mar 25 2019 • 10:19 AM EDT Key Points Last week, the yield on the U.S. 10-year Treasury note dipped below the yield on the 3-month paper. The yield curve — which plots bond yields from shortest maturity to highest and is considered a barometer of economic sentiment — inverted on Friday for the first time since mid-2007. More at link That folks is all you have to know And there you have it, the yield inversion is sorting itself out. [link to www.treasury.gov (secure)] From March 24 Big brokers are saying the opposite. But you won't hear this on the blabbering media. It's fear mongering atm, the inversion hasn't lasted long enough to make a mark yet on U.S. equities. Not to mention the trade stalemate has stalled exports around the world. Quoting: iSwear I think Trump is going to make a deal very soon with China. The gates will open for another surge in major U.S. indexes. "We are not quite that gloomy, in fact, we are rather more sanguine about prospects for the global economy," Xavier Rolet, chief executive officer at London-based CQS, which manages about $18 billion, told Bloomberg TV. "There are some technical considerations at the moment that are impacting the shape of the curve. These are temporary conditions." Quoting: CQS Hedge Fund Says Curve Inverting on Technicals Won't Last: [link to www.bloomberg.com (secure)] Rolet's view chimes with Morgan Stanley Investment Management, which recently said this part of the curve "is distorted" by global forces fueling demand in the long end, while increased bill supply is elevating short-end rates. There are also fundamental factors that suggest the curve inversion may not last: Financial conditions have eased since the recent peak in December, offering some degree of support to the American economy. |
Anonymous Coward User ID: 76869839 United States 04/04/2019 11:04 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! All one has to do, that is not in a constant state of euphoria, is look at the Baltic Dry Index. Quoting: anonymous 9957097 Here is an AC who knows what the heck is the truth This is where the real indicator is. . I used to follow that a few years ago. just went back to it...WOW. hory shite! trade is crashing. [link to tradingeconomics.com (secure)] |
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Anonymous Coward User ID: 77168056 United States 04/04/2019 11:07 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! All one has to do, that is not in a constant state of euphoria, is look at the Baltic Dry Index. Quoting: anonymous 9957097 Here is an AC who knows what the heck is the truth This is where the real indicator is. . I used to follow that a few years ago. just went back to it...WOW. hory shite! trade is crashing. [link to tradingeconomics.com (secure)] Who's the debt to? F them mother fakers. Why pay the fed reserve at all. |
Anonymous Coward User ID: 76869839 United States 04/04/2019 11:12 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's coming ,just not yet.After the recession,the building trades were screwed.We saw it coming a year before it did.Housing was collapsing long before the the media ever discussed.Like all these schemes,they keep the facade up as long as they can while they leaving out the back door.I know many very skilled people who were forced to retire after the last crash.Many in the middle of their career found a different career path.Alot of us toughed it out for a few years,drained our savings and annuities.The last 5 years the trade unions have been scrambling for workers.Took in lots of apprentices.Now it is starting to dry up again .I am not talking about housing but commercial work.Condo,office and apartment buildings.There is always some down time in the winter but has lasted for months instead of weeks this year.What i'm hearing is the rest of this year is the last hurrah.You must remember these big projects are planned years in advance.The mood at my union hall is not optimistic long term.Deja vu all over again.My .02 where i live, there has been an insane building boom with property values skyrocketing. about 6 months ago, a decline in this boom was showing . 3 months ago, housing developments that were selling a 100 a month went to 50 a month. builders in the know are cutting way back. the peak was about 6 months ago and now headed down. The only thing keeping it going is that people are STUPID and buying at the near peak. as soon as people wake up to the dropping prices, they will NOT BUY simply because they know their house will immediately depreciate. People will put off a new house until the market takes it's dive. 2019 = 2007 |
Anonymous Coward User ID: 77521815 United States 04/04/2019 11:23 PM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's coming ,just not yet.After the recession,the building trades were screwed.We saw it coming a year before it did.Housing was collapsing long before the the media ever discussed.Like all these schemes,they keep the facade up as long as they can while they leaving out the back door.I know many very skilled people who were forced to retire after the last crash.Many in the middle of their career found a different career path.Alot of us toughed it out for a few years,drained our savings and annuities.The last 5 years the trade unions have been scrambling for workers.Took in lots of apprentices.Now it is starting to dry up again .I am not talking about housing but commercial work.Condo,office and apartment buildings.There is always some down time in the winter but has lasted for months instead of weeks this year.What i'm hearing is the rest of this year is the last hurrah.You must remember these big projects are planned years in advance.The mood at my union hall is not optimistic long term.Deja vu all over again.My .02 where i live, there has been an insane building boom with property values skyrocketing. about 6 months ago, a decline in this boom was showing . 3 months ago, housing developments that were selling a 100 a month went to 50 a month. builders in the know are cutting way back. the peak was about 6 months ago and now headed down. The only thing keeping it going is that people are STUPID and buying at the near peak. as soon as people wake up to the dropping prices, they will NOT BUY simply because they know their house will immediately depreciate. People will put off a new house until the market takes it's dive. 2019 = 2007 |
WokWook User ID: 77529102 United States 04/05/2019 12:13 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! I could eat for the rest of my life by the meat that walks through my yard. Quoting: Anonymous Coward 77530539 Wait till every other idiot who watched last Alaskans & has a rifle gets the same idea. You'd better be pretty damn confident in your group's ability to defend that hunting territory. The fact you are relying on game to sustain yourself eliminates fences and traps as options for defence. Sure, your sets could double as a food source & a booby-trap, but you'll end up killing too many of the already thinning herd; you might not be able to store the meat too. Better to have a big green house too, just in case. Last Edited by WokWook on 04/05/2019 12:15 AM |
Anonymous Coward User ID: 76875177 United States 04/05/2019 12:42 AM Report Abusive Post Report Copyright Violation | Re: The Crash of Our Economy Has Accelerated....Update page 4...Sub-Zero Interest Rates are on the way! It's coming ,just not yet.After the recession,the building trades were screwed.We saw it coming a year before it did.Housing was collapsing long before the the media ever discussed.Like all these schemes,they keep the facade up as long as they can while they leaving out the back door.I know many very skilled people who were forced to retire after the last crash.Many in the middle of their career found a different career path.Alot of us toughed it out for a few years,drained our savings and annuities.The last 5 years the trade unions have been scrambling for workers.Took in lots of apprentices.Now it is starting to dry up again .I am not talking about housing but commercial work.Condo,office and apartment buildings.There is always some down time in the winter but has lasted for months instead of weeks this year.What i'm hearing is the rest of this year is the last hurrah.You must remember these big projects are planned years in advance.The mood at my union hall is not optimistic long term.Deja vu all over again.My .02 where i live, there has been an insane building boom with property values skyrocketing. about 6 months ago, a decline in this boom was showing . 3 months ago, housing developments that were selling a 100 a month went to 50 a month. builders in the know are cutting way back. the peak was about 6 months ago and now headed down. The only thing keeping it going is that people are STUPID and buying at the near peak. as soon as people wake up to the dropping prices, they will NOT BUY simply because they know their house will immediately depreciate. People will put off a new house until the market takes it's dive. 2019 = 2007 |