34% of economists in survey expect a US recession in 2021

Oregonlive.com

Nuff said

 

Those are the economists that say, "unexpected" throughout the Obama Presidency when they saw the **** economic numbers.

 

No, they are so foolish they want to cause the public to panic and trigger a recession out of fear. Trump's economy is that good. Dems have nothing, so they want to try to ruin the economy. That's their plan.

In the words of Mike Tyson: Everyone has a plan until they get hit in the face.

 

It would do two things (for Dems) .. make Bad Orange Man badder, AND keep their voting block dependent.

 

It's the tariffs, according to them. Though, tariffs never stopped folks from needing things. Most of the money they use for investments comes from your 401k money and what they can borrow from the fed at low interest rates, or what the can borrow immediately after the fed prints more dollars.

Yes, the fed is as responsible or more than anyone at this point. Another part of it is consumer spending, which has been steady. Another is, regulations, but some of them have been removed by Trump in order to get businesses to invest in work in the USA instead of other countries.

The tariffs were meant to bring some work back to the USA and they've worked, but have also hit some businesses harder than others. Long term, the tariffs will equalize and be moot, while the fed can continue to manipulate the economy with printing.

So, as the fed messes with percentage rates, they can cause an issue with lending. Then, they print more money and the cost of living rises while spurring on investment in the USA. Congress thinks the fed is the way, but they aren't. They can only hurt the average citizen and their discretionary spending.

 

Or we can hope our next president can reverse the damage before the end of 2021, be it a new D or a different R...

The sky didn't fall in 2008, but many could reach up and touch it...

But good tip on credit card debt.... that's a must in any economy...

 

Best advise: Ignore political pundits, hacks, other trouble makers and trolls.

 

Absolutely!! But I don't recommend you ignore the people who can read the economic indicators....

 

The economy will either go through a natural cycle or could be goosed by forces evil enough to artificially cause a downturn. Known short sellers like Soros would like nothing more than to cause turmoil here even if it means creating chaos in emerging markets and elsewhere. Pundits are not in short supply either. Some use technical charts and others use published data and statistics. Sometimes they are right and sometimes they aren't. My crystal ball tells me a storm may be on the horizon. What it can't predict is when or even if it will hit

 

Correct. Unfortunately (depending on how you look at it) it's all about money when it comes to the mainstream media. Clicks/viewers/listeners are paramount in today's world; all else is secondary, including objective reporting. It's been that way since the mid 1980's.

 

Slow news day articles aren't very fascinating.

 

Economics is a social science and therefore wildly imprecise to the level of comedy.

 

Every so often the MSM goes on a big push straight line charge against Trump. It don't work and then they regroup and try another angle. This is just another of those big pushes.

 

When it comes to foreign policy, it's Biden by a mile.

Krugman is wrong in most of his opinion columns and right in most of his academic papers and textbooks.

 

I think you've invented a new campaign slogan!

 

I think they are too late with their time frame it will be sooner.

 

What was he right about?

His opinions are based on his writings or does he conflict himself?

 

Wiser heads than mine will have to puzzle that out, all I know is that anything he says about foreign policy is wrong.

He contradicts himself. What does he care? He's a Nobel Prize winner.

 

What happens when there is no recession in 2021?

Then what?

 

So is Obama...............

 

I hear the Dem's media strategy going forward is to give up on the Russia hoax, and focus on the other two "R" hoaxes; Racism and Recession. So expect a steady drumbeat going forward from the left on Trump's supposed "racism", and the supposed "recession" that's sure to come in the next year or two.

The link in the OP is just a beginning salvo on that front; a misleading headline predicting a phony recession.

 

I'm pretty sure immigration, gun control, and of course healthcare for all vs Obamacare 2.0 will all remain the big issues for dems. The economy only becomes an issue if there really is a recession before the elections and then only if negative and tangible effects are felt by all voters, unlikely. Then jobs and maybe economic inequality could become a higher priority talking point for dem candidates. The same is true with war and terrorism. It only becomes an issue if the status quo changes in the ME, NK Taiwan or Hong Kong or on US soil.

 

That's all likely true. I should have said "the media's strategy going forward", not "the Dem's strategy"; though they are pretty much intertwined these days.

This link doesn't mention the transition to "recession", but it does highlight the NYT's transition from "Russia" to "racism."

https://www.realclearpolitics.com/a...masks_the_medias_liberal_advocacy_141044.html

Baquet replied that he approved of the publication’s new race-based writing projects "to teach our readers to think a little bit more like that.”

 

e·con·o·mist
/əˈkänəməst/
Noun

Someone who will attempt to explain this week why all the things he/she predicted last week didn't occur this week.

 

Economist will either explain why they weren't wrong or explain why what they predicted failed to happen.

Either way, we'll continue to listen to the same people we shouldn't be listening to.