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2023-01-31 Economy
Warning Signs Indicate a Great Depression May Be Coming
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Posted by Besoeker 2023-01-31 06:42|| || Front Page|| [11123 views ]  Top

#1 And working on WW III (Ukraine, Taiwan) to pull ourselves out of it…
Posted by Glenmore  2023-01-31 08:52||   2023-01-31 08:52|| Front Page Top

#2 And they haven't even pulled out the terrorism card yet.
Posted by DooDahMan 2023-01-31 08:58||   2023-01-31 08:58|| Front Page Top

#3 All drug addicts say "Just one more hit and I'll quit for good..."
Posted by M. Murcek 2023-01-31 08:59||   2023-01-31 08:59|| Front Page Top

#4 Promise? lol
Posted by DooDahMan 2023-01-31 09:58||   2023-01-31 09:58|| Front Page Top

#5 Using the metrics (and honest counting) of the '30s, we were in a depression 2008+. Both times the Socialist used it to expand central government power ever more.
Posted by Procopius2k 2023-01-31 10:18||   2023-01-31 10:18|| Front Page Top

#6 The federal government has devolved to cooking the books in so many areas that I honestly doubt that any sentient, critical thinker has actual confidence in what they say, even behind closed doors.

Media bias and selective editing and the use of partial truth make news reporting feel mostly like propaganda, and equally contrary to most actual truth.

Intuitive and personal experience indicators for me suggest an economic fragility that will shatter this summer, potentially triggered by political/warfare/civil unrest event(s). So I'm bunkering up, and if wrong, the kids inherit a lot more beans and bullets!
Posted by NoMoreBS 2023-01-31 12:47||   2023-01-31 12:47|| Front Page Top

#7 The Great Depression was bad for Herbert Hoover but GREAT for Franklin Roosevelt. So another one might actually be good for Biden as long as he can blame it on Trump. It was not good for the country.
Posted by Abu Uluque 2023-01-31 13:08||   2023-01-31 13:08|| Front Page Top

#8 Bidet is:

A) Late for the turnaround.
B) Not doing anything that will cause a turnaround.
Posted by M. Murcek  2023-01-31 13:11||   2023-01-31 13:11|| Front Page Top

#9 we are not completely dependent on USA Govt reports

The ADP company produces a monthly report on total jobs based on their own HR services (especially payroll processing). There are a number of large job placement companies that also provide data.

Over the course of 2021 and 2022, the govt and the non govt reports told the same picture, although with some monthly anomalies.

One of the newest USA sources is the Atlanta Federal Reserve that does a GDP Nowcast. Their latest estimate of the current quarter, that is calendar 2023 Q1, will be available this week.
Posted by lord garth 2023-01-31 14:03||   2023-01-31 14:03|| Front Page Top

#10 Yes, the non gummint sources diverge but know where their bred is buttered.
Posted by M. Murcek  2023-01-31 14:21||   2023-01-31 14:21|| Front Page Top

23:29 Mad Eye Omeretch7959
22:31 trailing wife
22:08 Mad Eye Omeretch7959
21:39 magpie
21:33 M. Murcek
20:49 Frank G
19:31 Angstrom
19:25 Secret Master
18:20 Black Charlie Stalin2985
18:13 JohnQC
18:08 Black Charlie Stalin2985
17:40 NoMoreBS
17:35 magpie
17:20 Deacon Blues
17:17 Deacon Blues
17:13 jpal
16:55 M. Murcek
16:37 Procopius2k
16:11 AlanC
15:55 BrerRabbit
15:55 Airandee
15:53 M. Murcek
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