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Meanwhile the government shutdown chatter is getting louder each day as we approach the end of September with no C R. Last shutdown the markets popped. Don't think that will be the case this time if it does.
Wonder how the market will digest a government shut down?
Senate leans toward Dec. 16 stopgap funding bill - Roll Call
Navigating the evenly divided Senate to get 60 votes to advance the bill will likely require talks on pandemic funding and other issues.rollcall.com
It should be a nothing burger. The Democrats have a majority in the House and Senate, and run the Whitehouse. Not sure what the problem is. We will see if they can work it all out by the end of the month.You could get a few bumps for a week or two but overall, government funding shutdowns are a 100% Nothing Burger when it comes to the markets. It has very little effect on the economy, GDP and stock market. Makes good headlines though.
You think Manchin's humming Stealers Wheel?My money is on Joe getting rolled BTW.
More Than 80 Conservation Groups Urge Congress to Reject Mountain Valley Pipeline in Manchin Side Deal
Center for Biological Diversity: Pipeline Would ‘Press On the Gas’ on Wildlife Extinctionbiologicaldiversity.org
I'm getting #@)(*%* from the left and #@)(*%* from the right.......what lane am in anyway?You think Manchin's humming Stealers Wheel?
Roubini has been saying the same thing for a very long time. I hope he is right this time. I would like to see some of the excesses that have built over the last decade(accelerating rapidly in the last couple years) get flushed from the system. A true financial and economic cleansing…but I give that 1 in 100 chance of happening.Dr Doom's predictions are not overly optimistic.
Economist, who predicted 2008 crisis, warns of 'long, ugly' recession
Nouriel Roubini sees a long and ugly recession in the US and globally occurring at the end of 2022www.livemint.com
"Once the world is in recession, Roubini doesn’t expect fiscal stimulus remedies as governments with too much debt are “running out of fiscal bullets." High inflation would also mean that “if you do fiscal stimulus, you’re overheating the aggregate demand."
As a result, Roubini sees a stagflation like in the 1970s and massive debt distress as in the global financial crisis.
“It’s not going to be a short and shallow recession, it’s going to be severe, long and ugly," he said."
"During the 2008 crisis, households and banks took the hardest hits. This time around, he said corporations, and shadow banks, such as hedge funds, private equity and credit funds, “are going to implode""
I think it has more to do with people thinking a crash may possibly right some wrongs that have been allowed to happen for the last two decades. I think many of us want to see Corporations, Financial Institutions, etc. pay a price. They feel a recession may do this. Just a guess. Also wouldn't help old Joey either. That's a big motivator.I am surprised by the number of people who are rooting for a significant decline. This would mean significant problems in the American economy, hurting millions of families. Have people just sat on cash for years and just want to be proven right in the doom and gloom forecast? I just don't understand.
Love how inflation is because of a couple of checks... and not someone putting their knee on the throat of the fed demanding ridiculous interest rates 4 years gunning for a ridiculous GDP growth rate... all in the name of votes and self aggrandizement. There were loads of economists saying the economy was too hot for 4 years... (not that you said that but it seems to be a common perception out there)I think it has more to do with people thinking a crash may possibly right some wrongs that have been allowed to happen for the last two decades. I think many of us want to see Corporations, Financial Institutions, etc. pay a price. They feel a recession may do this. Just a guess. Also wouldn't help old Joey either. That's a big motivator.
Not rooting for, but would like to see the correction happen sooner than later, hopefully it can be softened. Responsible, sustained growth would be my preference, and I think we need a correction for that to happen.I am surprised by the number of people who are rooting for a significant decline.
Don't disagree with much of your post except this line.Thank god old Joey just lets the adults finally make responsible decisions.
I think Truman had a saying about that...Don't disagree with much of your post except this line.
If Powell is such a responsible adult under Biden, why was he so malleable under Trump?
This is insane. Corporations aren't physical beings. They are legal structures. They have a lot of stakeholders like employees, suppliers, customers, and shareholders (including pension plans). The stakeholders are the ones who get hurt in a recession or if the company goes out of business.I think many of us want to see Corporations, Financial Institutions, etc. pay a price.
Agree, but at some point we have to admit that we are a huge developed economy and that our growth fantasies are too aggressive. We need to stop listening to politicians tell us the other team sucks because growth was 2% not 4% if that 4% is just not realistic.Responsible, sustained growth would be my preference, and I think we need a correction for that to happen.
Sounds very similar to the logic used to justify "too big to fail" bailouts. A lot of Americans have some sore butts over how that all worked out for the stakeholders vs. the leaders of those legal structures. Once again, just a guess.This is insane. Corporations aren't physical beings. They are legal structures. They have a lot of stakeholders like employees, suppliers, customers, and shareholders (including pension plans). The stakeholders are the ones who get hurt in a recession or if the company goes out of business.
Agree, but at some point we have to admit that we are a huge developed economy and that our growth fantasies are too aggressive. We need to stop listening to politicians tell us the other team sucks because growth was 2% not 4% if that 4% is just not realistic.
The market is not the economy, so maybe the market can correct without unemployment at 7%. I would like unemployment to be around 5% and steady, I'm just not sure how to ease that plane in for a smooth landing.
Some companies are too big to fail, it doesn't matter whether we like it or not. We let Lehman go and the market lost over 40% of its value over the next six months. Yeah, that really showed them. Even if Fuld was convicted of something and went to jail, it doesn't get employees jobs back. As for the rest, tax payers bailed out the other companies and got a decent financial return for doing it. Hell, we still own Fannie and Freddie and they churn out billions.Sounds very similar to the logic used to justify "too big to fail" bailouts. A lot of Americans have some sore butts over how that all worked out for the stakeholders vs. the leaders of those legal structures. Once again, just a guess.
Punishment for wrong doing never does undo the wrong that took place. But it sure does make us feel better about it.Even if Fuld was convicted of something and went to jail, it doesn't get employees jobs back.