They are all dumbasses. It’s easy to be detached and wrong when it isn’t your money your playing with.Hmmmm
Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC that she had dramatically underestimated the severity of inflation — before claiming that the U.S. economy is likely already in a recession.
ARK Invest's Cathie Wood says the U.S. is already in a recession
Cathie Wood said the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation.www.cnbc.com
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Recession - 2022 / 2023 / 2024
- Thread starter Hobo Hilton
- Start date
That is "EXACTLY" what I am sensing......... The people who are "in the business" have their personal money somewhere else besides the markets.
The dealer at the Black Jack table is working for a pay check and not cashing it at the Casino.
I will stick to my thesis that all bullish analysts are wrong. They are so detached from reality that they are ignorant of what mainstream Americans are dealing with.
Inventory of luxury items (TV, $30 pillows, etc) is piling up.
I will continue to short metals and oil. Not shorting food.
Will continue to short retail stores (Not Walmart).
Will continue to short GM.
Always long S&P.
Inventory of luxury items (TV, $30 pillows, etc) is piling up.
I will continue to short metals and oil. Not shorting food.
Will continue to short retail stores (Not Walmart).
Will continue to short GM.
Always long S&P.
They are wrong, but I don't think at the end of the day they really care beyond how it reflects upon themselves. They aren't losing sleep on their investors' personal situations. Its a clue.
I remember msm telling us to buy just prior to the banking crash. Taking Jim Cramer's advice and going 180 usually turns out well
Investors—including Wall Street—helped to drive up home prices during the pandemic housing boom. Here’s the proof
The data is in: It’s now abundantly clear that investors did indeed help to both accelerate the housing boom and drive up U.S. home prices.
More of what I have been talking about concerning institutional investor involvement in the housing market.
Institutional investors have bought hundreds of thousands of homes, many in Black communities. Critics say it’s creating a ‘generation of renters’
As rental prices soar nationwide, the Democratic chair of a House subcommittee called out 'predatory' behavior by institutional investors.
More.
I'll play the "Devil's Advocate" for a moment:Institutional investors have bought hundreds of thousands of homes, many in Black communities. Critics say it’s creating a ‘generation of renters’
As rental prices soar nationwide, the Democratic chair of a House subcommittee called out 'predatory' behavior by institutional investors.www.yahoo.com
More.
Is the Government making a move to stifle capitalism ?
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What does capitalism mean in simple terms?
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.
Why is
What has changed ?
Why is the US Government concerned about a "Generation of Renter's" ? Historically there have been several past generations of renter's. Also many past generations of people living in the "Housing Projects".
What has changed ?
Ok. Now I understand.
Probably because of the financial make up of this generation of renters.
The . Gov doesn’t care about the poors, and their addition to our consumer based economy is at the Walmart level.
The new generation of renters are your middle class who buy the larger ticket items on credit. $18,000 Polaris, $5,000-$12,000 watches, $50k automobiles, $200 purses, etc. on top of their 30 year fixed mortgage.
Once these people are broke AF, everything screams to a halt. The “1%” don’t buy what the middle class does. The 1% gets wealthy selling their products to the soon to be perpetual renters.
Mortgages are a lease to own program. Houses are all rented - don’t pay property tax and find out.
I agree that is a large component of what we are seeing. It is almost like the Government is trying to "Build a Case" by saying the upper class white boy's have bought up all the real estate and now us po folks can't live the American dream of owning our own house. The illegalls streaming across the border don't care where they live or who is payin' the rent so they are takin' up some valuable space....
They are just making up a topic to politicize.
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Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, Congressman Al Green (D-TX), Chair of the Subcommittee on Oversight and Investigations, and all Subcommittee Chairs, sent requests to the nation’s top ten U.S. banks, top five U.S. property and casualty insurance companies, and top five U.S. life insurance companies to inquire about their involvement in the financing of chattel slavery in the U.S.
Al Green- Net Worth - Personal Finances
Al Green's estimated net worth for 2014 is $7,565,006. Learn more about their investments and assets.
www.opensecrets.org
I recently (last 9 months) sold two houses. I got lots of "I will buy your house" offers including some of the investment firms. The offers were very low - I cannot imagine selling a house in the market (before mortgages went up) to these low offers.
We are witnessing some "Fear Driven" financial decisions.... That old saying of "Take the money and run" comes to mind. There will always be some of that during both the good times and bad times. Has to do with a persons situation and perception.
Somebody cares otherwise we wouldn't have 3+ million illegal poors streaming over the border under Biden.
They will bankrupt our welfare system beyond fixing.
Only if they are will
One worker dragging 6 non-workers and the US Government paying for housing, medical care, education, transportation, etc is not working out.
A day will come when the illegals have milked America dry and they will then return to their home country.
That same day a 6th generation American will wake up and figure out he is living in a third world country.
Only if they are all willing to work............
One worker dragging 6 non-workers and the US Government paying for housing, medical care, education, transportation, etc is not working out.
A day will come when the illegals have milked America dry and they will then return to their home country.
That same day a 6th generation American will wake up and figure out he is living in a third world country.
Appears the Justices have "seen enough"... I can only hope this is the first of many rulings to reign in Sleepy Joe.
www.bbc.com
Supreme Court limits Biden's power to cut emissions
The landmark ruling curbs federal power to limit greenhouse gas emissions in a setback for President Biden.
www.bbc.com
Atlanta Fed Predicts Negative Second-Quarter Growth, Indicating Recession Has Begun
www.theepochtimes.com
No shit Sherlock. Thanks for the heads up.Atlanta Fed Predicts Negative Second-Quarter Growth, Indicating Recession Has Begun
(To the FedRes, not you).
No light at the end of the tunnel.... 2022 is half over.... Even if conditions reversed today and the economy turned positive, this is a really deep hole to climb out of. It is not just the economy, it is the culture.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/GHQPTKRUCRLMRIKDNO4FHJNQNY.jpg)
www.reuters.com
Factory data dampen global 'soft landing' hopes
Global factory growth stalled in June as higher prices and a darker economic outlook left consumers wary of making purchases, while China's strict COVID-19 lockdowns and Russia's invasion of Ukraine added to supply chain disruptions, surveys showed.
www.reuters.com
I just checked the White House Twitter account, and didn't see any similar posts for 2022.
CEO Aaron Samples has been around the PIMCO world for a long time. Smart enough to not "Stay too long at the party".....
Just now seeing the first domino's starting to fall.... Stand by, there will be many more over the next 12 months.
Now is the time you will start hearing the phrase "Things will be looking up after the first of the year". My scripted reply is always "What Year ?"
Jerome says:
www.cnbc.com
U.S. economy is likely in a recession
Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
A Federal Reserve tracker of economic growth is pointing to an increased chance that the U.S. economy has entered a recession.
www.cnbc.com
Thank you for sharing. I like that graphics. Let's hope those low producing realtors have a part time gig to fall back on when the showing time drops even more. We are half way through 2022. Even if the bottom was established today, it is going to be a 2 year climb to get out of this hole.... And, that is not just real estate. We have raised 2 - 3 generations of slugs.Real estate agent shared this with me:
The real estate agent was warning those getting into real estate that hard times are coming!
That agent has seen hard times and knows how to ride them out. The world needs more people like that that will share their experiences.
Fuck real estate agents and their 6%.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LVKFQ57N45LLJJJTHRYLQIGDUI.jpg)
U.S. factory activity slows to two-year low as clouds gather over economy
U.S. manufacturing activity slowed more than expected in June, with a measure of new orders contracting for the first time in two years, signs that the economy was cooling amid aggressive monetary policy tightening by the Federal Reserve.
www.reuters.com
This week has seen investors shift from inflation anxiety to recession fears as stocks have been hammered and bonds bid (along with rate-hike expectations tumbling).
The continued erosion in economic data has prompted The Atlanta Fed to slash its forecast for Q2 GDP growth to -2.1% meaning the US is now technically in recession (after Q1's confirmed 1.6% contraction yesterday).
www.zerohedge.com
The continued erosion in economic data has prompted The Atlanta Fed to slash its forecast for Q2 GDP growth to -2.1% meaning the US is now technically in recession (after Q1's confirmed 1.6% contraction yesterday).
JPM Warns US "Perilously Close To Recession" As Atlanta Fed Slashes Q2 GDP To -2.1% | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Fuck 'em *ALL!*. Literally The Republic has failed and is crashing as we type and The Failure lies at the feet of the Two Party System. As predicted. We have no future and can't recover this Republic until we dispense with a Two Party System. We need *REAL* choices and new voices. No Democrats, No Republicans' need apply.
VooDoo
Remember: Never kill the messenger.
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Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns that we’ve seen in recent history,” which will necessitate a scaling back of hiring and allocation of resources.
The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META 77,800 workers, according to a New York Times report. To underscore the ominous message, Zuckerberg told employees that they should expect to do more with fewer resources and that their performance would be more aggressively graded.
“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said on a call, according to the Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
www.marketwatch.com
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Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns that we’ve seen in recent history,” which will necessitate a scaling back of hiring and allocation of resources.
The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META 77,800 workers, according to a New York Times report. To underscore the ominous message, Zuckerberg told employees that they should expect to do more with fewer resources and that their performance would be more aggressively graded.
“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said on a call, according to the Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
Mark Zuckerberg issues dire economic warning to Meta employees
Zuckerberg's chilling message to Meta Platforms Inc. employees: The company faces one of the "worst downturns that we've seen in recent history" that will...
www.marketwatch.com
Hmmm... Getting to the "Dog Eat Dog" evolution in the Big Money world.
oilprice.com
Bezos Speaks Out Against Biden’s Anti-Oil Rhetoric | OilPrice.com
Jeff Bezos is speaking out against President Joe Biden over remarks made against the oil and gas industry
oilprice.com
Remember: Never kill the messenger.
______________________________________
Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. employees: The company faces one of the “worst downturns that we’ve seen in recent history,” which will necessitate a scaling back of hiring and allocation of resources.
The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META 77,800 workers, according to a New York Times report. To underscore the ominous message, Zuckerberg told employees that they should expect to do more with fewer resources and that their performance would be more aggressively graded.
“I think some of you might decide that this place isn’t for you, and that self-selection is OK with me,” Zuckerberg said on a call, according to the Times. “Realistically, there are probably a bunch of people at the company who shouldn’t be here.”
Mark Zuckerberg issues dire economic warning to Meta employees
Zuckerberg's chilling message to Meta Platforms Inc. employees: The company faces one of the "worst downturns that we've seen in recent history" that will...
When the lay off's start getting publicized and the government can't hide the unemployment numbers.
Another sign of the times:
NEW YORK (Reuters) - The Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of market distress similar to those seen during the global financial crisis and in early 2020.
The launch on Wednesday of a monthly publication of the Corporate Bond Market Distress Index (CMDI) comes after U.S. credit market investors suffered heavy losses this year, as companies' debt lost value due to rising interest rates and economic concerns.
"Understanding what is happening in corporate bond markets is crucial to getting a more complete picture of the future economic outlook," Nina Boyarchenko, head of macrofinance studies at the New York Fed, said in a statement.
NEW YORK (Reuters) - The Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of market distress similar to those seen during the global financial crisis and in early 2020.
The launch on Wednesday of a monthly publication of the Corporate Bond Market Distress Index (CMDI) comes after U.S. credit market investors suffered heavy losses this year, as companies' debt lost value due to rising interest rates and economic concerns.
"Understanding what is happening in corporate bond markets is crucial to getting a more complete picture of the future economic outlook," Nina Boyarchenko, head of macrofinance studies at the New York Fed, said in a statement.
Worldwide... Countries / Markets / Currency will not decline evenly. Going to be exponentially until the bottom is reached. Japan / Nikkei has held up well. It will be interesting as to how the currency traders will attempt to make a profit in a down market... and then there is Russia,
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The euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up, with gas prices soaring and the Ukraine war showing no signs of abating.
www.cnbc.com
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The euro fell to its lowest level in two decades on Tuesday as fears of a recession in the euro zone ramped up, with gas prices soaring and the Ukraine war showing no signs of abating.
Euro slides to 20-year low against the dollar as recession fears build
The euro fell to its lowest level in two decades on Tuesday, sliding more than 1%.
www.cnbc.com
Someone asked me "What is free money?"... I explained it was when a person lived in a home but paid no rent, went to the ER and paid no money, sent their kid to school hungry and was fed a nutritious meal, furnished an IPhone at no cost so they could apply for EBT stuff and turned free loading into a full time profession. Here is the result:
The central banks around the world kept “super loose monetary policy” in place for too long, hoping that inflation would be transitory, Subbaraman said.
www.cnbc.com
The central banks around the world kept “super loose monetary policy” in place for too long, hoping that inflation would be transitory, Subbaraman said.
These major economies are headed into recession in the next 12 months, Nomura says
Many of the world's leading economies will fall into a recession within the next 12 months, according to the chief economist at brokerage firm Nomura holdings.
www.cnbc.com
I do not believe the present economic situation is due to “mistakes”. I believe it had been carefully engineered. Those who did do are well aware of the shortcomings of the system and it’s managers, so they set the scene for a predictable outcome in order to further their great reset goals. The truly wealthy are doing it for profits and control to facilitate even more profits.Someone asked me "What is free money?"... I explained it was when a person lived in a home but paid no rent, went to the ER and paid no money, sent their kid to school hungry and was fed a nutritious meal, furnished an IPhone at no cost so they could apply for EBT stuff and turned free loading into a full time profession. Here is the result:
The central banks around the world kept “super loose monetary policy” in place for too long, hoping that inflation would be transitory, Subbaraman said.
These major economies are headed into recession in the next 12 months, Nomura says
Many of the world's leading economies will fall into a recession within the next 12 months, according to the chief economist at brokerage firm Nomura holdings.
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