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We’re already in recession, here’s what to do, says economist who called last bubble

 
Anonymous Coward
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06/25/2019 05:30 PM
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We’re already in recession, here’s what to do, says economist who called last bubble
[link to www.marketwatch.com (secure)]

Investors, who are awaiting this week’s G-20 get together between President Donald Trump and China’s leader, are now juggling a tense war of words between Tehran and D.C. Just words, we hope.

We could use a bit of good news right about now. Enter our call of the day, from economist Gary Shilling, known for predicting bubbles like the housing debacle of 2008. Shilling talks about another worry for investors -- a big bad recession - in an interview with digital financial media group Real Vision.

“I think we’re probably already in a recession, but I think [it will] probably be a run of the mill affair, which means real GDP would decline 1.5% to 2%, not to 3.5% to 4%, you had in the very serious [past] recessions,” said the president of money manager A. Gary Shilling & Co. He also lays claim to having forecast a global inventory glut that led to the 1973 to 1975 U.S. downturn.
Anonymous Coward
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06/25/2019 05:32 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
No monry, no investments , no worry

Life goes on
Anonymous Coward
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06/25/2019 05:32 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
No monEy, no investments , no worry

Life goes on
Anonymous Coward (OP)
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06/25/2019 05:33 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
No monry, no investments , no worry

Life goes on
 Quoting: Anonymous Coward 47121304


People who bought million dollar homes in SFO,SAN JOSE,NORTHERN VIRGINIA are fucked.
Anonymous Coward
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06/25/2019 06:24 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
No monry, no investments , no worry

Life goes on
 Quoting: Anonymous Coward 47121304


People who bought million dollar homes in SFO,SAN JOSE,NORTHERN VIRGINIA are fucked.
 Quoting: Anonymous Coward 77414172


Boo fuckin hoo. Need a mansion to feel impotant now pay.
Judethz
Israel is Eternal

User ID: 75895360
United Kingdom
06/25/2019 06:31 PM

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Re: We’re already in recession, here’s what to do, says economist who called last bubble
[link to www.marketwatch.com (secure)]

Investors, who are awaiting this week’s G-20 get together between President Donald Trump and China’s leader, are now juggling a tense war of words between Tehran and D.C. Just words, we hope.

We could use a bit of good news right about now. Enter our call of the day, from economist Gary Shilling, known for predicting bubbles like the housing debacle of 2008. Shilling talks about another worry for investors -- a big bad recession - in an interview with digital financial media group Real Vision.

“I think we’re probably already in a recession, but I think [it will] probably be a run of the mill affair, which means real GDP would decline 1.5% to 2%, not to 3.5% to 4%, you had in the very serious [past] recessions,” said the president of money manager A. Gary Shilling & Co. He also lays claim to having forecast a global inventory glut that led to the 1973 to 1975 U.S. downturn.
 Quoting: Anonymous Coward 77414172


kitty That's no big deal. I was on GLP back then and a few dozen or so of us saw this coming. It's just a matter of using a bit of common sense and basic arithmetic.
Anonymous Coward
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06/25/2019 06:39 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
The market hit a record high what 1 day ago and the next we are in a recession ! WHAT ! 5a
Keilani

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06/25/2019 09:43 PM

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Re: We’re already in recession, here’s what to do, says economist who called last bubble
blah, blah, blah, how low will housing go, specifically condos in west coast Florida???
ROSICRUCIAN1
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06/25/2019 09:47 PM
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Re: We’re already in recession, here’s what to do, says economist who called last bubble
[link to www.marketwatch.com (secure)]

Investors, who are awaiting this week’s G-20 get together between President Donald Trump and China’s leader, are now juggling a tense war of words between Tehran and D.C. Just words, we hope.

We could use a bit of good news right about now. Enter our call of the day, from economist Gary Shilling, known for predicting bubbles like the housing debacle of 2008. Shilling talks about another worry for investors -- a big bad recession - in an interview with digital financial media group Real Vision.

“I think we’re probably already in a recession, but I think [it will] probably be a run of the mill affair, which means real GDP would decline 1.5% to 2%, not to 3.5% to 4%, you had in the very serious [past] recessions,” said the president of money manager A. Gary Shilling & Co. He also lays claim to having forecast a global inventory glut that led to the 1973 to 1975 U.S. downturn.
 Quoting: Anonymous Coward 77414172


I thought the standard economist definition of recession was two or more quarters of zero or negative growth?

am I wrong?