Former Treasury Secretary Summers Warns of Looming US Recession

Discussion in 'Current Events' started by XXJefferson#51, Dec 25, 2021.

  1. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Spot-on, EB...
    You beat me to it...
     
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  2. XXJefferson#51

    XXJefferson#51 Banned

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    By adding 5 trillion more in spending than would otherwise be spent. Printing that much more extra money can only lead to even more inflation than already exists.
     
  3. XXJefferson#51

    XXJefferson#51 Banned

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    Brandon policies would spend trillions more than Trump woukd have.
     
  4. XXJefferson#51

    XXJefferson#51 Banned

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    Exactly. I was wondering how I was going to respond to what you did and then found your reply which is so right on.
     
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  5. Lil Mike

    Lil Mike Well-Known Member

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    Uh no, we don't have it right now, but the thread is about Summers warning of future economic stagnation.
     
  6. Egoboy

    Egoboy Well-Known Member Donor

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    Wow.. that's a real find then... an economist warning about a future economic event coming.... and one coming out of an unprecedented pandemic in our country. Let's make sure we capture that for our time capsule.

    As I recall, we were also told by the Stock Market KING that the market was going to "crash under Joe Biden"...

    Predictions are sort of like opinions, which are sort of like a unique body part.... everybody's got one..
     
  7. Zorro

    Zorro Well-Known Member

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    It certainly does if inflation outpaces wages (snicker).
     
  8. Moonglow

    Moonglow Well-Known Member

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    yet, 5 trillion in spending has not been added by Biden yet eight trillion was under Trump.You have failed to rectify why inflation is worldwide and not just in the US.
     
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  9. Lil Mike

    Lil Mike Well-Known Member

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    Uh...you are actually in this thread. You couldn't figure out it was about future events from the subject line?
     
  10. Egoboy

    Egoboy Well-Known Member Donor

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    What I do know is that there is likely a ZERO % chance Larry used the word "looming", unlike the Chicken Little basement trolls at Newsmax...
     
  11. Lil Mike

    Lil Mike Well-Known Member

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    So now that's your complaint? The OP used 'looming?'

    If you don't have anything substantive, bye bye.
     
  12. Egoboy

    Egoboy Well-Known Member Donor

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    You deny that's not really the key (and false) word in the headline? The one designed to product unnecessary distress?

    Pointing out somebody is making a story sellable with bogus headlines...That's pretty substantive...
     
  13. Lil Mike

    Lil Mike Well-Known Member

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    Can you explain how the word "looming" contradicts the Secretary's remarks?
     
  14. Egoboy

    Egoboy Well-Known Member Donor

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    Because he simply doesn't indicate any time frame for his recession talk... the headline without the word looming is much more representative of what he was saying... Could be a recession someday if things don't change, by the Fed or the administration.

    Not that complicated...
     
  15. Zorro

    Zorro Well-Known Member

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  16. Lil Mike

    Lil Mike Well-Known Member

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    You seem to find it extremely complicated. He was talking about the future, and you seemed shocked and surprised in post #31 by that.
     
  17. Lil Mike

    Lil Mike Well-Known Member

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  18. George Bailey

    George Bailey Well-Known Member

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    Leftists believe they can create societies and economies that resemble their worldview regardless of how inherently flawed those ideas may be. They are clueless when it comes to markets, business, spending, inflation, and how governmental policies can screw everything up. Nothing is free, someone has to pay for it. You also can't have a stable economy with such low workforce participation.

    As an investor there are two key indicators I look at to predict recession. The bond yield curve and gdp deflator. Both are set to go haywire soon and the middle class will pay the price via their plummeting 401ks in addition to all the pain brought on by recession.

    When this happens the left will call for... You guessed it, more government.
     
    Last edited: Dec 26, 2021
  19. Zorro

    Zorro Well-Known Member

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    Larry Summers is right. Biden is just following Fauxahontus' misdirection on this. He even steals his head fakes from others.

    Time for Carrot Top's Daily Lies:

    [​IMG]
     
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  20. Egoboy

    Egoboy Well-Known Member Donor

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    What makes it complicated is trying to get people unfamiliar with the term looming to understand that's not the case, nor what Summers said...

    That primarily seems to be you at this time...
     
    Last edited: Dec 27, 2021
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  21. Lil Mike

    Lil Mike Well-Known Member

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    Only you have freaked out at the thread title.

    I think that's where the problem is.
     
  22. Egoboy

    Egoboy Well-Known Member Donor

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    Last edited: Dec 27, 2021
  23. Lil Mike

    Lil Mike Well-Known Member

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