Recession - 2022 / 2023 / 2024

[Hobo Hilton]

MSN

www.msn.com

Read "Atlas Shrugged" by Ayn Rand to see how this clown show will turn out.
As we speak, due to Federal Rules and Regulations (not Union contracts) There are not enough certified train engineers and crews to keep trains moving. As you guys travel, note how many trains are sitting and idling on the tracks. Why " Because the crews have run out of hours".... The company shuttles the tired crew off the train and eventually brings out a fresh crew. Trains don't run to a hub and change crews. When the DOT hours are up, the train stops.
A lot of these engineer's are past retirement age and still working... As in Atlas Shrugged the old guy's are getting fed up with the BS and retire.
I'm sure someone will say "Well, just bring in the National Guard to run the trains"... How's that been working out ?
____________________________________
WASHINGTON — Ongoing service problems related to crew shortages on the U.S. Class I railroads are entirely self-inflicted due to the implementation of Precision Scheduled Railroading, the SMART Transportation Division labor union has told federal regulators.


“The freight rail network is at a breaking point,” union President Jeremy Ferguson wrote in an April 1 letter to the Surface Transportation Board. “It cannot sustain any more reductions. Substantial changes must be made, and they must be made quickly. We believe intervention from the STB is critically warranted and necessary to right this ship.”

Union blames train crew shortage on cutbacks related to Precision Scheduled Railroading (updated) - Trains

WASHINGTON — Ongoing service problems related to crew shortages on the U.S. Class I railroads are entirely self-inflicted due to the implementation of Precision Scheduled Railroading, the SMART Transportation Division labor union has told federal regulators. “The freight rail network is at a...

www.trains.com

All-in-one public affairs and government news platform - Bloomberg Government

Federal and state government public affairs software. Get breaking policy news, legislative updates, bill and regulation tracking, and directories.

about.bgov.com

 

[Hobo Hilton]

Seems to be just one thing after another
The report, which cites government data, indicates that the Rhine’s water level is at its lowest since 2007 for this time of year.

Germany Faces Coal Supply Crisis As Rhine River Waters Dwindle | OilPrice.com

Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river add to supply challenges

oilprice.com

 

[Hobo Hilton]

The scary part? Governments, central banks, and investors planted the bomb themselves. Supereasy monetary policy meant that greenbacks were too plentiful and too cheap to borrow, says Gavekal’s Charles Gave, which gave people and companies outside the U.S. a false sense of comfort. Now, the buck isn’t cheap, and with the Fed draining liquidity from the market, it’s not easy to come by, either.

A Strong U.S. Dollar Raises Risks for Everyone

“The dollar’s relentless strength at this point is a time bomb for global financial markets and the economy,” writes Rosenberg Research founder David Rosenberg.

www.marketwatch.com

 

[E. Bryant]

A strong dollar adds an interesting twist to the "2008 all over again" hypothesis, as the opposite was generally true in mid-2008 (EURUSD was something like $1.50). So I'll admit that I'm not immediately clear how this plays out.

That said, there is no shortage of dollars; it's just that everyone is sitting on them. If the price increases enough, eventually they'll find their way back into circulation. I'm guessing the Fed opens up the tap on more easing before that's ever allowed to occur, though.

 

[E. Bryant]

I didn't think I'd ever look back upon the Bernanke era with nostalgia, and yet here we are:



I think this claim was easier to make before blowing the biggest bubble ever in the stock and housing markets, while simultaneously increasing the federal debt by nearly 3x in a dozen years.

 

[E. Bryant]

And yet another painful reminder of a not-too-distant past:



Hot take: anyone that supported McCain or Romney over Ron Paul is just as much to blame as the Democrats for the current circumstances.

 

[Bigfatcock]

Rolex Daytona prices continue to slide on the resale market as the crypto crash wipes out wealth of newer collectors

Resale prices for the most popular variant of the Cosmograph fell 16% from their peak in April, but experts say top models are still resilient.

www.yahoo.com

One of my key indicators of the overall broke as fuckedness of the nation.

Contrary to the article, I do not believe the “Crypto winter” is the main driver. It’s just another excuse to not say “recession”.

 

[Hobo Hilton]

Rolex Daytona prices continue to slide on the resale market as the crypto crash wipes out wealth of newer collectors

Resale prices for the most popular variant of the Cosmograph fell 16% from their peak in April, but experts say top models are still resilient.

www.yahoo.com

One of my key indicators of the overall broke as fuckedness of the nation.

Contrary to the article, I do not believe the “Crypto winter” is the main driver. It’s just another excuse to not say “recession”.

I agree... Over the past 2 years the households with two working adults and nice incomes built up some savings. just not enough to buy a house so many bought a Rolex. The evolving culture "If you got it, flaunt it"... Because soon, you will have nothing to flaunt.

 

[Hobo Hilton]

National railway strike APPROVED by locomotive union… all trains in America may HALT this coming Monday - American Partisan

(Natural News) Some 57,000 rail workers across the United States […]

www.americanpartisan.org

 

[Hobo Hilton]

Sobering to see this in print....

The combination of weak leaders and fake money is a fitting end to a major economic cycle. It actually couldn’t end in any other way.

Fake Money Is Fueling A Very Real Debt Crisis | OilPrice.com

Global debt is soaring and many investors are piling into new assets like bitcoin as a result, but physical gold may still be the best way for investors to protect their wealth

oilprice.com

 

[Hobo Hilton]

July 17 (Reuters) - U.S. President Joe Biden on Sunday named the members of an emergency board tasked with helping resolve disputes between freight rail carriers and their unions, the White House said.
Ira F. Jaffe
David Twomey


I doubt Biden ever met these two guys. "Biden the Puppet" named them. I guess now 2 people are considered a "board"... Board re-defined, perhaps.

Biden names board to help end freight railroad and union contract disputes

U.S. President Joe Biden on Sunday named the members of an emergency board tasked with helping resolve disputes between freight rail carriers and their unions, the White House said.

www.reuters.com

 

[Hobo Hilton]

BlackRock misses profit estimates, pulls back hiring after market turbulence

BlackRock Inc said on Friday it is tightening its belt and putting off some hirings amid an economic environment that has spooked retail investors and drove its quarterly profit down.

www.reuters.com

 

[Hobo Hilton]

These reporters have got to get more creative.... I'm hearing layoff's at CNN are coming. Bottom link is over 20 years old but here's how that recession went... LOL

(CNN)Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer sentiment at close to an all-time low, according to preliminary survey data released by the University of Michigan on Friday.

https://www.cnn.com/2022/07/15/economy/consumer-sentiment-july-preliminary-inflation/index.html

CNN Staff Braced for “Aggressive” Cuts | WARC

Time Warner-owned CNN News Group is next week expected to announce a series of job losses as it seeks to reorganize its TV and web activities. The group’s 4,000 staff were warned in December to expect “aggressive” changes to the company’s structure and workforce in the new year.

www.warc.com

 

[Hobo Hilton]

Worldwide

IMF to Cut Global Growth Outlook ‘Substantially’ at Next Review

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskWall Street Set for New ETF Gold...

ca.finance.yahoo.com

 

[n2ishun]

About Ron Paul......

 

[Hobo Hilton]

Government money floating big banks. Really nothing new... It's really not a recession... LOL

What recession? America's banks reveal few signs of trouble

If a recession were to arrive in the United States, there would normally be evidence of pain at America's biggest lenders. But so far, top banks aren't seeing major signs of weakness, even as they admit they're bracing for tougher times ahead.

www.cnn.com

 

[Vodoun daVinci]

Goldman Sachs Reports 2022 Second Quarter Earnings Per Common Share of $7.73 and Increases the Quarterly Dividend to $2.50 Per Common Share in the Third Quarter

www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo

 

[Hobo Hilton]

Go figure:

Homebuilder sentiment plunges in July as buyers pull back

Homebuilder sentiment fell dramatically in July, as both builders and buyers contend with sky-high inflation.

www.cnbc.com

 

[Hobo Hilton]

Goldman Sachs Reports 2022 Second Quarter Earnings Per Common Share of $7.73 and Increases the Quarterly Dividend to $2.50 Per Common Share in the Third Quarter

www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo

Several of us here agree that little makes any sense. Government is attempting to redefine "recession". Investment managers are smiling at a 5% increase in company earnings while inflation is running at 20%. The average dumb American is rejoicing at getting a $1/ hour raise ($40 / week) while paying $40 more for that once a week fill up. The grocery store run that used to cost $100 to fill 3 shopping bags is now costing $100 to fill 2 shopping bags... ?

 

[Hobo Hilton]

An attempt to skew the "Manufacturing Index" numbers

Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade

Delta was the last of the major U.S. carriers to order Max planes from Boeing in recent years.

www.cnbc.com

 

[babyguppy]

An attempt to skew the "Manufacturing Index" numbers

Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade

Delta was the last of the major U.S. carriers to order Max planes from Boeing in recent years.

www.cnbc.com

Interesting, since Boeing just stated they won't build planes unless engines are available.
"We won't build gliders"

 

[NoDopes]

Goldman Sachs Reports 2022 Second Quarter Earnings Per Common Share of $7.73 and Increases the Quarterly Dividend to $2.50 Per Common Share in the Third Quarter

www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo

Regardless of how much money Biden, Hunter and the rest of the politicians stole, there is still several TRILLION dollars that they blasted into the economy over the last few years... it's got to float around somewhere... and a lot will flow through banks. And not just Cayman banks.

 

[Hobo Hilton]

so, one place say's copper prices are going to soar..
and the other says Copper Prices Plummet To Lowest Levels Since 2020
In other news, china is buying US farmland and having bank runs in their homeland. People can't get their cash.

Copper LIVE QUOTE​

Copper

Last 6,999.00 USD	+/- -217.00	% -3.01%
Trade Time 10:23:00 AM EDT 7/15/2022	Previous Close 7,216.00

 

[Hobo Hilton]

Ann Barnhardt is a visionary that I have followed for many years.
________________________________________

The one about how WE ARE THE GOLD​

Originally penned and posted on February 29, ARSH 2012. The next day Western Rifle Shooters Association reprinted it in full (everyone has full reprint permission – I’m not writing this stuff to exercise my fingers, I’m writing it to be read), and the following comment showed up on the WRSA thread. I found it quite humbling. Hopefully it encourages folks to read this piece, despite its length.

The one about how WE ARE THE GOLD | Barnhardt

 

[Snipe260]

I’m ready to buy people’s shit.

I just had a massive one! I sale it to you for 150 plus shipping! It was fairly hard so should stay ripe!

 

[Hobo Hilton]

After many great years a few younger generations will learn how to "prioritize" their needs.

75% of middle-class households say their income is falling behind the cost of living

The outlook among middle-income families has also declined: 39% are expecting to be worse off financially in a year, compared with 17% in December 2020.

www.cnbc.com

 

[Hobo Hilton]

Here's your "hedge".... A sign of the times to come.

Oppenheimer ups Dollar General price target, says retailer is a defensive play in weakening economy

Amid the volatility, Dollar General remains a "top pick" to weather the economic uncertainty, according to Oppenheimer.

www.cnbc.com

 

[babyguppy]

After many great years a few younger generations will learn how to "prioritize" their needs.

75% of middle-class households say their income is falling behind the cost of living

The outlook among middle-income families has also declined: 39% are expecting to be worse off financially in a year, compared with 17% in December 2020.

www.cnbc.com

umm,
yea, rent, electricity, water, food. But when you're running lean to begin with and get hit with 30-50% increase in prices; you don't have a lot of choices. You are getting the maduro diet and a 2nd or 3rd job.
Don't look around and see the section 8 people playing all day and eating for free; it might be discouraging.

 

[Hobo Hilton]

We Are About To Experience An Absolutely Epic Housing Crash The Likes Of Which America Has Never Seen Before – Investment Watch

 

[NoDopes]

Recession / Inflation - Need to combine the threads.

Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers

The pain in the mortgage market is only getting worse amid higher interest rates and inflation in the overall economy.

www.cnbc.com

 

[acudaowner]

they need one of these guy to run off just how high the recession is every day



sold @ 10% today

 

[Wizard1183]

I’m ready to buy people’s shit.

So am I, Money is burning a hole in my pocket, but Im holding bags strong cause ppl are about to lose their shit and their minds...

 

[babyguppy]

So am I, Money is burning a hole in my pocket, but Im holding bags strong cause ppl are about to lose their shit and their minds...

hope you not keeping your money in bag made of carpet..

 

[Wizard1183]

hope you not keeping your money in bag made of carpet..

Nah, banks are making their petty interest off of it. Let em. Cause the crash is coming, and cash shall be king. I tripled my investment during covid. Im hoping to triple or quadruple it this go round. Thatll put me in the millions and I'll have 25 yrs left to retirement. Hopfully I can turn 1 million into 10million by retirement. Then i'll sit back, live off the interest with MASSIVE amounts of ammo.

 

[Hobo Hilton]

I was making a long drive this morning to re-supply. Had time to think about people. I lived through many Louisiana hurricanes and had a couple of opportunities to witness the "Eye" passing directly over my location at 2 am. I have gone out, looked at the stars shining through a perfectly clear night time sky. I have also witnessed people having a "Hurricane Party" thinking that was a good time to run to the convenience store for more beer. Many have never survived that beer run due to downed power lines, washed out bridges, stalled vehicles left in the road and pure stupidity. This recession has some similarities of a hurricane. We all got plenty of warnings of it's approach. Being human, many ignored the warnings and decided to have a "Recession Party". Hurricane winds have peaks and valleys. I've watched some big pecan trees that appeared to be leaning into the wind. As the wind subsided they returned to an upright position.... only to be caught off guard and have the entire top blown out by a tornado spawned by the hurricane. We are witnessing a run of "Good Day's" in this market. Then there is a mile long list of promising comments from the experts. There is hope that things are turning around. Suddenly at the opening bell on a Monday morning the Black Swan flies and the market dives for cover. Interesting how both the eye of the Hurricane and several up day's in the market will draw out some people to make foolish moves. I guess it's just human nature.
JMHO

 

[Wizard1183]

I was making a long drive this morning to re-supply. Had time to think about people. I lived through many Louisiana hurricanes and had a couple of opportunities to witness the "Eye" passing directly over my location at 2 am. I have gone out, looked at the stars shining through a perfectly clear night time sky. I have also witnessed people having a "Hurricane Party" thinking that was a good time to run to the convenience store for more beer. Many have never survived that beer run due to downed power lines, washed out bridges, stalled vehicles left in the road and pure stupidity. This recession has some similarities of a hurricane. We all got plenty of warnings of it's approach. Being human, many ignored the warnings and decided to have a "Recession Party". Hurricane winds have peaks and valleys. I've watched some big pecan trees that appeared to be leaning into the wind. As the wind subsided they returned to an upright position.... only to be caught off guard and have the entire top blown out by a tornado spawned by the hurricane. We are witnessing a run of "Good Day's" in this market. Then there is a mile long list of promising comments from the experts. There is hope that things are turning around. Suddenly at the opening bell on a Monday morning the Black Swan flies and the market dives for cover. Interesting how both the eye of the Hurricane and several up day's in the market will draw out some people to make foolish moves. I guess it's just human nature.
JMHO

You speak of hurricanes. It just takes a bad one to hit south Louisiana near Lake Charles or New Orleans or South Houston, Port Arthur and gas will be at $7 a gallon if they sustain damage. No one is thinking of that.

Those "good days" in the market are simple a facade of whats to come?

 

[Hobo Hilton]

You speak of hurricanes. It just takes a bad one to hit south Louisiana near Lake Charles or New Orleans or South Houston, Port Arthur and gas will be at $7 a gallon if they sustain damage. No one is thinking of that.

Those "good days" in the market are simple a facade of whats to come?

What "goes over the head" of most Americans is what happens when the word gets out that personell have been evacuated from the off shore platforms due to the hurricane. Those producing wells are "Shut In". The flow of oil is stopped, dead in it's tracks. Up goes the cost and down goes the availability.

 

[Wizard1183]

What "goes over the head" of most Americans is what happens when the word gets out that personell have been evacuated from the off shore platforms due to the hurricane. Those producing wells are "Shut In". The flow of oil is stopped, dead in it's tracks. Up goes the cost and down goes the availability.

No worries my friend. We’re importing foreign oil. Nothing to worry about. What could go wrong? Hahaha

 

[Hobo Hilton]

No worries my friend. We’re importing foreign oil. Nothing to worry about. What could go wrong? Hahaha

I appreciate dry humor. Can you recite that and keep a straight face ?

 

[Hobo Hilton]

Countries with no oil.

	Samoa
--	Guyana
--	Saint Vincent/Grenadines
--	Eritrea
--	Dominica
--	Somalia
--	Cayman Islands
--	Antigua and Barbuda
--	Cook Islands
--	Vanuatu
--	Sao Tome and Principe
--	Benin
--	Saint Kitts and Nevis
--	U.S. Virgin Islands
--	Falkland Islands
--	Solomon Islands
--	Seychelles
--	Kiribati
--	Liberia
--	Grenada
--	The Bahamas
--	Saint Lucia
--	Gambia, The
--	Maldives
--	Guinea-Bissau
--	British Virgin Islands
--	Djibouti
--	Comoros
--	Palestinian Territories
--	American Samoa	0
--	Antarctica	0
--	Bermuda	0
--	Gibraltar	0
--	Micronesia	0
--	Montserrat	0
--	Nauru	0
--	Niue	0
--	Northern Mariana Islands	0
--	Saint Helena	0
--	Saint Pierre and Miquelon	0
--	Tonga	0
--	Turks and Caicos Islands	0
--	Tuvalu	0
--	U.S. Pacific Islands	0
--	U.S. Territories	0
--	Wake Island	0
--	Western Sahara	0

 

[Wizard1183]

We’re getting oil imported from Russia and China. Don’t let them fool you

 

[Hobo Hilton]

One more expert putting on a happy face and attempting to re-define this recession:
Friedman: You have some people saying, “Oh, consumers are already in a recession.” Well, consumers are facing higher gas prices, they’re facing higher mortgage rates if they happen to have a need for a new mortgage. Housing sales are down. So, in some respects, we’re seeing contraction in certain parts of the economy. We’re seeing inventory liquidations periodically but we’re not in some awful recession. We still have unemployment less than 4%. We still have job openings that far exceed the number of people available to fill those jobs. And all I’m saying is a modest uptick in unemployment, a modest decrease in available job openings, doesn’t throw the economy in anything like what we had in 2008, in my view.

Canyon Partners' Friedman says the markets can handle a recession and he's building a shopping list

Josh Friedman of the $26 billion credit giant, Canyon Partners explained why he believes the markets "can tolerate a little bit of stress."

www.cnbc.com

 

[Wizard1183]

I read an article stating the west coast is already in a housing crash. It just takes awhile for it to hit across the nation. Q4 Q1 2023. Crumble stumble I’d imagine?

 

[Hobo Hilton]

It's just not adding up, again.

Oil companies / energy companies are reporting record prices and now "Governments" are having to bail out energy companies... why ?

_______________________________________________

The new world energy order will be defined by government intervention on a scale not seen in recent memory.

Governments Can No Longer Afford To Leave Energy Security To Market Forces | OilPrice.com

Russia’s invasion of Ukraine has changed energy markets forever, with the new global energy order likely to be defined by government intervention

oilprice.com

 

[Bigfatcock]

Ford Plans to Lay Off 8,000 Workers to Help Finance Electric-Vehicle Initiative

The cuts will affect the newly established Ford Blue unit that produces engines for gas-powered vehicles, as well as other salaried, operational positions in the company.

www.yahoo.com

I wonder how many voted for democrats and clean energy?

No refunds.

 

[Hobo Hilton]

A morning headline said "Leading economic indicators point to recession late this year: Conference Board"
LOL that is a mighty big "can to kick down the road". More like trying to kick a 5 gallon bucket of concrete down the road. Drink some more Koolaid.

VIDEO: ATF conducts surprise firearm inspection at man’s home without search warrant

ATF agents conduct a surprise inspection of a Delaware gun owner's firearms at his home without a search warrant.

armedamericannews.org

 

[Hobo Hilton]

A comforting thought:

Retirees could see their monthly Social Security checks jump by $175 next year. Is that enough to keep up with inflation?

Social Security recipients may see one of the biggest cost-of-living adjustments in decades in 2023. It will still be hard for many retirees to pay bills.

www.cnbc.com

 

[Hobo Hilton]

“The bottom line is, the Fed is going to break something,” says Ryan Sweet, senior director of economic research at Moody’s Analytics. “They’re going to break inflation or they’re going to break the economy, and the most likely scenario is they’re going to break both.”

Will The Fed Cause A Recession By Raising Rates? | Bankrate

The Fed has a tried-and-true method for curing inflation: raising interest rates. But it comes with some economic pain.

www.bankrate.com

 

[Hobo Hilton]

Here we have Emily Lorsch who is 30 year old Millenial. She is going to tell those of us who have survived recessions how to prepare and thrive.

Here's how to prepare for and thrive in a recession

Amid red-hot inflation, experts are betting on the likelihood and the timing of a future recession. Take these steps to safeguard your personal finances.

www.cnbc.com

 

[stefan73]

MSN

www.msn.com