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Recession Roundup

Started by RE, May 20, 2024, 03:05 PM

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K-Dog

Stock market today: Dow sinks 900 points, Nasdaq plunges 4% in worst day since 2022

US stocks plunged on Monday.

Do you need a reason or can you figure it out?  I'll say something to do with the political dumpster fire.

QuoteConsumer spending unexpectedly fell in January, according to the Commerce Department. Shoppers pulled back far more than economists expected: Spending fell 0.2% for the month. Adjusted for inflation, spending sank 0.5%. Those are the biggest monthly declines since February 2021.

Everywhere I look the news is the same.  Admission of problems dismissed in happy talk.

QuoteThe American economy is diverse and remains the envy of the world — particularly at a time when industrial powers like Germany are seriously struggling, and other economies are coping with significantly higher and much stickier inflation than America.

Eat your veggies, somebody used to go hungry in China.

RE



OK, add RECESSION to raising health care costs, sparking inflation with tariffs, starting a useless war in Vz and covering up the PedoFiles and come November you have a recipe for the Repugnants getting SLAUGHTERED at the polls with fair elections.  Which means...no way in HELL will there be fair elections run in 2026.

Expect ICE to be at every polling station and NG troops marching around cities to frighten immigrants away from voting.  Expect lawsuits claiming election tampering anywhere a demodope wins.  Expect the Speaker to refuse to seat newly elected demodopes.  If necessary, expect a possible FALSE FLAG major terrorist event followed by cancellation of the elections.

All this assuming WWIII hasn't already begun in earnest with the Chinese invading Taiwan and the Ruskies taking over Iran to stop anarchy after the collapse of the theocracy. Mayhem throughoutt Africa with Civil Wars and the AI bubble goes POP on Wall Street.

OKJ, probably ALL those things won't happen, but enough so that fair elections are virtually impossible.  This will not end well.

https://www.dailymail.co.uk/yourmoney/article-15427659/mom-pop-bankruptcy-recession-main-street.html
Worrying update on mom-and-pop bankruptcies shows recession has begun

RE

K-Dog

#2
QuoteTo frighten immigrants away from voting.

I'm sure that is what they will say if asked.

but it is a :

Mussolini, Napoleon, Hitler - They were not going senile.  With Trump the dice are rolling.  Trump's brain is leaking out his ears.  Trump could have his personal Stalingrad at any time.

* Karma is a bitch Trump should not have said all that he did about Joe Biden.  What goes around comes around.