There is no recession. Never was , never will be!

Relax citizens, the US central bank has predicted inflation to decline going forward. Now given there ability to predict the tech bubble, the sub-prime mess and many other great forecasts how could they be wrong?


Everything is fine, wall street investment banks get to keep their huge bonuses thanks in part to the great American tax payer. I'm so glad we have a central bank looking out for the common mans good.


Makes you feal warm and fuzzy inside!
 
Quote from MAESTRO:

Oh boy .... And you call yourself a Hedge Fund trader? Honestly, man does your Hedge Fund only hold long positions or something? I think you should stop embarrassing yourself and really take the basic economy lessons. Just an advice....
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Yes I am lot smarter than you are. At least now I have EMPIRICAL DATA on my side to deny you delusional anxieties.

It will take you six months to prove another recession! Remember 2 quarters of negative growth?

The market is showing it today with big smile.
 
obsession


Main Entry:
ob·ses·sion
Pronunciation:
\äb-ˈse-shən, əb-\
Function: noun


1: a persistent disturbing preoccupation
 
Quote from HedgefundTrader2:

Yes I am lot smarter than you are. At least now I have EMPIRICAL DATA on my side to deny you delusional anxieties.

It will take you six months to prove another recession! Remember 2 quarters of negative growth?

The market is showing it today with big smile.
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Good, we need higher rates now correct?
 
Quote from Aaron Copland:

Good, we need higher rates now correct?
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We donot need a rate cut now, but the Feds may give it anyways.

Back to the recession? How did you spend your last 3 months ?
 
The market is poised to keep going higher, which is fine by me, just as it would be if it were to continue lower. Unlike one sided people, I choose to add both sides of the market to play. Seems to me there is no reason, other than ego, to choose one side over the other (to trade) permanently.

Quote from HedgefundTrader2:
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Quote from HedgefundTrader2:

We donot need a rate cut now, but the Feds may give it anyways.

Back to the recession? How did you spend your last 3 months ?
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Well I keep getting all these 1.9% 0.0% offers some up to 18 months others just 6 months on my credit lines.

Some offers are 3.9% fixed for the life of the loan. Just fill in the blank checks and get some free money.

I have not seen these offers in over a year. So I guess the lower rates have been good for me, but I have excellent credit.

My spending has not changed, fuel has not been a problem. We have a Mercedes R320 CDI, gets about 30 city 40 highyway. Though diesel has shot up over $4.00 now at $4.27 per gallon were I fill up.
 
Quote from HolyGrail:

I have mentioned this in the past. I'm in the steel business. Typically my industry is the first to go when we are in a recession. April will be the best month we have had since October of last year. Last year was the best year we have had in 14 years. The year prior to that was the best year in 13 years.

I've been doing this for 35 years. Low steel demand has preceeded every recession or economic slowdown we have had during that period by at least 6 months. I see no signs of it whatsoever other than what the media is saying. I'm not saying it can't happen, but it would be the first time in my lifetime that a recession occurred before I felt it personally in my industry.
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There is no recession evident in the commodities markets, it's just the opposite, as we are all aware.

The US and British economies will be first to feel the recession. It will take a good while before other nations are affected in a significant way, and some will hardly be affected at all, e.g. Brazil.

Grail, interestingly, it looks as though this will be the first recession in the US that you have experienced that will not be preceded by a slump in steel.

I do have a question though, and you are obviously in a good position to answer, and that is what is the tonnage you are shipping doing, is it going up, or holding steady and how does that compare to a year ago?
 
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