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Recession is coming ? Take a hard look
- Thread starter HedgefundTrader2
- Start date
The 0.3% jump in the unemployment rate in one month should be an omen.
"The last time the jobless rate rose by this much in a single month was in the second half of 2001, when the economy was in the teeth of a recessionâ said economy.com.
``Since 1949 the unemployment rate has never risen by this magnitude without the economy being in recession,'' said John Ryding, chief economist at Bear Stearns.
Goldman predicts light recession. Fed cuts rates to 2.5%. 10 yr 3.5% by mid summer.
"The last time the jobless rate rose by this much in a single month was in the second half of 2001, when the economy was in the teeth of a recessionâ said economy.com.
``Since 1949 the unemployment rate has never risen by this magnitude without the economy being in recession,'' said John Ryding, chief economist at Bear Stearns.
Goldman predicts light recession. Fed cuts rates to 2.5%. 10 yr 3.5% by mid summer.
Quote from Covertibility:
The 0.3% jump in the unemployment rate in one month should be an omen.
"The last time the jobless rate rose by this much in a single month was in the second half of 2001, when the economy was in the teeth of a recessionâ said economy.com.
``Since 1949 the unemployment rate has never risen by this magnitude without the economy being in recession,'' said John Ryding, chief economist at Bear Stearns.
Pardon if the answer to this is obvious...
Couldn't the Gummint save us from recession by simply lying about this number [too]?
Quote from PAPA ROACH:
Goldman sachs out today calling for us to go into a recession if we are not already in one.
Sorry Day, Goldman holds more water than your "oh shit, I am long in my portfolio, how can I convince others to not sell, the market is just fine!??!"
GOLDMANSACHS trades markets like you do, so their balloon should be taken to whats its worth.
These traders , these institutional traders have been making up these scary stories and feeding you by the hand. You are like a mindless squirrel that nibbles its own poison.
At the start of the post I stated its institutional manipulation games, these are the elephants with whom you need to run. Do what they do and not what they say. These people are short the market and they will pull it up with another story.
How come you can't stop hyperventilating on fears? The reality is that there is no recession. So should you go out and sell ? That is what they want you to do.
When the recession comes you will know it, at this stage its a short term trading bullet in your back
Quote from Mom0/pH0x:
lol, no recession in 2000-2001?!?!?!?! this just in from the idiot who didn't know what 'the economist' is... run a check there keynes, they HAVE been cutting interest rates like crazy, and will prob continue... watch for trade balance figures this friday, and ppi/cpi/core next.... also GS just said today that they are NOW predict a severe rec. in '08 (now that it already is 08 lol) and that they expect fed to continue cutting rates and continued dollar pummeling...
Fearing the "fear" itself?
You have become a speculative trader who bases his trading without any empirical evidence whatsoever. Keep on you won't get too far.
Quote from day7793:
GOLDMANSACHS trades markets like you do, so their balloon should be taken to whats its worth.
These traders , these institutional traders have been making up these scary stories and feeding you by the hand. You are like a mindless squirrel that nibbles its own poison.
At the start of the post I stated its institutional manipulation games, these are the elephants with whom you need to run. Do what they do and not what they say. These people are short the market and they will pull it up with another story.
How come you can't stop hyperventilating on fears? The reality is that there is no recession. So should you go out and sell ? That is what they want you to do.
When the recession comes you will know it, at this stage its a short term trading bullet in your back
Yo dipshit, I have no fear. I have been making money buying puts, putz. I booked profit on all puts today BTW, except 2 holdings. Even a bear knows when a bounce is in order. No the bottom is not even close to being in, but we will likely rally into the latter part of the month now before going in the tank again late month/early feb.
You sound an awful lot like stocktrader, new handle?
Quote from day7793:
Recession is NOT here. This is a scare tactic used by institutional traders. It takes 2 quarters of negative economic growth just to arrive at a definition of a recession. Have we seen that yet?
I beleive the last 2 recessions were over by the time they were actually defined as recessions