Is USA going into Recession?

[SuperCruz]

Quote from HedgefundTrader2:

Why ask this question?

Why not this question: Whats the worst that can happen to me if we get into a recession? Would you be eating turd balls with other lame idiots from ET at your local municipality sewer pond ?

Sure, yes You are right, I can ask this question and am asking the same.

It will really be interesting to know what "can the worst be if recession happens"?

 

[eveningtrader]

What do you think?

Wage stay constant over the past few years. Yet, cost of health care, energy, food sky high. Gas $4/gal, Milk $4/gal, bread at $3.

As long as people still has the plastic, they will ignore these signs.

 

[piezoe]

Quote from Jayford:

our food and energy inflation are due to excess liquidity- PERIOD.

this has been building for quite some time, and its not the first time its happened.

Even with greater consumption we have plenty, as the previous poster stated. Its an issue of too many dollars chasing dollar denominated commodities. Its econ 101, and it is very obvious.

Although you have slightly oversimplified, you are, of course, essentially correct. The driving force here is debt and the political necessity of monetizing that debt, to inflate our way out rather than produce (or tax) our way out. And a primary driver of debt is war. And the primary driver of that is stupidity. Where to start to unravel this mess? I suppose we have to start at the stupidity end and work our way back, step by step.

 

[MAESTRO]

Let it slide, let it slide , let it slide!

 

[gnome]

Quote from piezoe:

".. I suppose we have to start at the stupidity end and work our way back, step by step.

The political framework of America does not allow this.

 

[piezoe]

Quote from gnome:

The political framework of America does not allow this.

While I hope you are mistaken, i suspect you are not.

 

[h hubbins]

well i voted early that we were in a recession already. that was wrong. the data says not yet in recession. the data is rear view mirror but my vote was in march and was incorrect.

the stimulus checks from the benevolent uncle should give us another quarter of growth. small growth.

 

[gnome]

Quote from h hubbins:

"... the stimulus checks from the benevolent uncle should give us another quarter of growth. small growth.

But, so what? Smoke and mirror deception. The money for the rebates is coming at the expense of increased deficit. That is, money is moved from the left pocket to the right and we're all supposed to applaud how well the right pocket is doing while disregarding the left?

 

[makloda]

 

[h hubbins]

there is nothing wrong with borrowing if you pay it back. just like there is nothing wrong with using your credit card to smooth out rough patches.