Article

2020-07-08 Economy

Economic numbers suggest a recession on its way out the door

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Posted by g(r)omgoru 2020-07-08 07:09|| || Front Page|| [4 views ] Top

#1 Savings rate climbed (economists always say we don't save enough and then squawk when we do) and people paid down debt. Smart people did, anyway...

Posted by M. Murcek 2020-07-08 09:11|| 2020-07-08 09:11|| Front Page Top

#2 Wonder if it is primarily a slow down in Millenials getting new student loans they will never be able to pay off.

Posted by magpie 2020-07-08 12:01|| 2020-07-08 12:01|| Front Page Top

#3 Wait until the DNC number crunchers in the media get a wack at this. We'll be back in the depression before you can spit.

Lies, damn lies and statistics is one of the truisms on which modern society is built.

Posted by AlanC 2020-07-08 14:03|| 2020-07-08 14:03|| Front Page Top

#4 Zero Hedge has been predicting this going back many years. Might hit it right someday if it is done often enough. Every blind squirrel finds a nut occasionally. Thought we were just coming out of the COVID-19 recession.

Posted by JohnQC 2020-07-08 14:37|| 2020-07-08 14:37|| Front Page Top

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