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Why Donald Trump Needs The Next Recession To Start As Quickly As Possible

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Donald Trump Accepts The Nomination - Public DomainA new recession is coming, and Donald Trump needs it to begin sooner rather than later.  As I explained last week, most American voters tend to care about their pocketbooks more than anything else.  If the next recession were to officially start during the first quarter of 2017, it would be very easy for Trump to blame it on Obama, and then he could portray himself as the one that pulled the U.S. economy out of recession in time for the 2020 election.  But if the next recession does not begin until 2018 or 2019, everybody is going to blame it on Trump even if it is not his fault.  In politics, who gets the blame for whatever goes wrong is often the most important thing, and if Trump wants to avoid blame for the next recession he needs for it to start as quickly as possible.

For most of 2016, the mainstream media was warning that a new recession was probably coming no matter who won the election.  For one example, just check out this Bloomberg article.

And for once, the mainstream media was precisely correct.  Barack Obama left us with an enormous economic mess, and it would take an economic miracle of unprecedented proportions to keep the U.S. economy from going into a recession at this point.

During the Obama years, the U.S. went on a debt binge unlike anything we have ever seen before.

The U.S. national debt almost doubled.  During Obama’s time in the White House, it increased from 10.6 trillion dollars to nearly 20 trillion dollars, and that means that over 9 trillion dollars of future consumption was brought into the present.  That incredible boost to spending would have shot U.S. economic growth into the stratosphere during normal times, but because we were struggling so much all we got out of it was eight years of economic stagnation.

In fact, Barack Obama was the only president in modern American history never to have a single year when the U.S. economy grew by at least 3 percent, and he had two terms to try to accomplish that goal.

And remember, Obama also had the benefit of doctored economic numbers.  John Williams of shadowstats.com tracks what the figures would look like if honest numbers were being used, and according to his calculations the U.S. economy has actually continually been in a recession since 2005.

In addition to government debt, other forms of debt are way out of control as well.  The total amount of consumer debt in the United States has now hit 12 trillion dollars, and corporate debt has approximately doubled since the last recession.

When levels of debt grow much, much faster than the overall economy, it is inevitable that a crash will come.

If you look back throughout history, I don’t know if you can find a single example where debt has grown this quickly and a crash has not happened afterwards.

By some miracle if we are able to avoid a major economic downturn this time, we will literally be defying the laws of economics.

The employment crisis also threatens to get a lot worse in the months ahead.  The mainstream media keeps trying to tell us that we are almost at “full employment”, but the truth is that more than 100 million Americans do not have a job right now.

Yes, there are a few areas of the country where jobs appear to be plentiful, but there are many more areas where they are not.

For example, you will never, ever be able to convince 23-year-old Tyler Moore that the job market is good

Tyler Moore’s late-December drive to Louisville, Ky., was one of desperation. He was headed four hours west on Interstate 64 to interview for a job. Even if he landed the position, filling his gas tank had left him with $8 to his name. He would have to sleep at a friend’s place until he could earn enough to pay rent.

The 23-year-old had run out of options. He’d applied for dozens of jobs within an hour and a half of his hometown of Lovely, once a coal-mining stronghold. Instead of opportunities, he had found waiting lists.

“Minimum-wage jobs, fast-food restaurants, Wal-Mart, anything like that, a lot of them has already been took,” he says in an Appalachian drawl, explaining that the backlog just to interview was as long as a year. “There are no jobs.”

If the U.S. economy is in “good shape”, then why can’t people like Moore find a job?

Yes, there is a tremendous amount of optimism in the financial markets right now and the stock market has been soaring.

But the exact same things were true in 2007, and we remember how that turned out.

There is no possible way that the S&P 500 can continue to generate an 18% annual return without corresponding economic growth.  The following comes from David Stockman

Altogether the S&P 500 now stands at 3.4X its post-crisis low, having generated an 18% annual return (including dividends) for nearly eight years running.

To be sure, in an honest free market that very fact would be a flashing red light, warning that exceptionally high gains over an extended period necessitate a regression to the mean in the period ahead.

A lot of people get caught up in trying to predict exactly when the stock market will crash, but what everybody should be able to agree on is that it will crash.

There is no possible way that stocks can stay at such ridiculously overpriced levels indefinitely.

Throughout history, stocks have always moved back in the direction of the long-term averages, and this time will be no exception.

And just like last time, the beginning of a new recession will likely be accompanied by a major financial correction.

In recent articles, I have been highlighting some of the reasons why it appears that a new recession is imminent…

-Federal tax receipts have gone negative for the first time since the last recession.

-Job growth at S&P 500 companies has gone negative for the very first time since the last recession.

-The U.S. trade deficit in 2016 was the largest in four years.

-Lending standards have tightened up for medium and large sized firms for six quarters in a row.

-Lending standard are also tightening up for consumers.

-We just saw the largest percentage decline in average weekly hours since the recession of 2008.

-Gross private domestic investment is down.

-Consumer bankruptcies are rising.

-Commercial bankruptcies are rising.

All of this is not necessarily bad news for Trump.

A horrible recession started during the early years of Ronald Reagan’s presidency, but the U.S. economy turned around later in his first term and that momentum helped propel him to an easy victory in 1984.

Similarly, Trump could actually take advantage of the coming economic downturn as long as he is able to pin all of the blame for it on the previous administration.

If there is one thing that is true about U.S. voters, it is the fact that they tend to care about their own economic well-being more than anything else.

If you doubt this, just check out the results of a recent Fox News poll

The latest Fox News Poll also asks, what defines the American Dream today? At the top, according to the national survey released Wednesday, is “retiring comfortably.” Some 88 percent feel that is extremely or very important to realizing the dream.

Next, 76 percent say “having a successful career” is important. That’s followed by “raising a family” (74 percent) and “making a valuable contribution” to their community (74 percent).

“Owning a home” is seen as a big part of achieving the dream for nearly 7 in 10 (69 percent). About 6 in 10 say “graduating college” (61 percent) and “being better off” than their parents (57 percent).

To most Americans, being “successful in life” comes down to how much money they have.

That should not be true, but it is.

And this is ultimately what Trump will be judged on.

If the economy is improving by 2020, voters will tend to evaluate him favorably.  But if the economy is faltering during the next election season, it will be more difficult for him to get a second term.

So what Trump and all those that support Trump should want is for the coming recession to begin and end as quickly as possible.

However, there is also the possibility that the next recession may be a particularly bad one.  Because we are in the midst of the biggest debt bubble in human history, any major downturn could ultimately spiral completely out of control.  In other words, we may be facing the kind of crisis from which we never quite recover.

One expert that is warning about such a scenario is legendary investor Jim Rogers

…get prepared because we’re going to have the worst economic problems we’ve had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.

In 2008 Bear Stearns disappeared, Bear Stearns had been around over 90 years. Lehman Brothers disappeared. Lehman Brothers had been around over 150 years. A long, long time, a long glorious history they’ve been through wars, depression, civil war they’ve been through everything and yet they disappear.

So the next time around it’s going to be worse than anything we’ve seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.

when you start having bear markets as you I’m sure well know one bad thing happens and another bad thing happens and these things snowball just like in bull markets good news comes out then more good news comes out the next thing you know you’re five or six or seven years into a bull market.

Well bear markets do the same thing and so we have a lot of bad news on the horizon. I haven’t even gotten to war. I haven’t even gotten to trade war or anything like that but you know things do go wrong.

If it is as bad as Rogers is suggesting, it wouldn’t be too long before conditions in America would begin to resemble those portrayed in my novel.

Let’s hope that does not turn out to be the case.

Let’s hope that the next recession begins and ends as quickly as possible and that the U.S. economy is on a solid upswing by 2020.

And if you are a Trump supporter, don’t be too dismayed if the U.S. economy takes a major downturn in 2017.  As I discussed above, it could actually be just the thing that Trump needs to set the stage for another election victory in 2020.

 
  • aldownunder

    Time to unf#*ck the world
    Hit the reset button

  • nicky

    Wow!!! First you spent the whole 2016 predicting the recession and explaining how bad it is going to be. now you are hoping for one and want it to be worse.

  • Liberty First

    I think your points are well taken.

  • David

    just the fact that Trump killed the Dodd-Frank act protecting the public from predatory lending practices is enough to blame him when the economy takes a major downturn.

    • Special Little Snowflake

      He hasnt killed it yet, they’re just going to “Review” it. But yea, it’s pretty safe to say it is dead.

      Also dont forget they want to get rid of a bill that prevents corporations from dumping waste into rivers and the fact that Trump put an effective tax on first time home owners by getting rid of a bill slated to decrease the fees on them. And that Trump put a hold on a law that would require that finacial investors put your best intrests in mind when you are investing.

      Oh and dont forget they want to eliminate the transparency laws that requires the CEO to worker ratio to be published.

      “BUT GIVE TRUMP A CHANCE” pshhh please…..

    • socalbeachdude

      The Dodd-Frank Act does no such things at all.

  • T-Man

    The central bankers will blame Trump or they will start a war to distract Trump and everyone else and blame the collapse on that instead

    • K2

      Lol…they will start a war just to distract trump? You have been reading so many doom and gloom articles that you have lost touch with reality. People often blame central bankers, but it is the central bankers that made US the superpower that it is now.

      • socalbeachdude

        I gave you a plus vote for that one.

    • socalbeachdude

      Laughably false. Central banks do no engage in politics – ever.

      • aliceinwonder

        Shill.

        • socalbeachdude

          Yellen: Partisan politics plays ‘no role’ in Fed decisions

          WASHINGTON—Federal Reserve Chairwoman Janet Yellen on Wednesday dismissed suggestions from Republican presidential nominee Donald Trump that the Fed is playing politics with its interest-rate decisions.

          Yellen, referring to prepared notes and not mentioning Trump by name, said the Fed doesn’t discuss politics at its policy meetings, nor does it take politics into account. Its decision to hold rates steady on Wednesday was based on economic factors, not political ones, she said.

          “I can say, emphatically that partisan politics plays no role in our decisions about the appropriate stance of monetary policy,” she said. “We are trying to decide what the best policy is to foster price stability and maximum employment and to manage the variety of risks that we see is affecting the outlook.”

          http://www.marketwatch.com/story/yellen-partisan-politics-plays-no-role-in-fed-decisions-2016-09-21?mod=MW_story_latest_news

          • Ronald West

            Yer an idiot if you believe their lies!

      • freethedacks

        Indeed. Give me control of a nation’s money supply, and I care not who makes it’s laws

        • Ronald West

          Exactly!

      • Ronald West

        Bull turds!

    • aliceinwonder

      and likely with Iran, who just wants their own money system and not to be shackled to the U.S. central bank/petro dollar (federal reserve). They do NOT want war. I pray Trump finds a way to thwart all of this.

      • Richard O. Mann

        Iran wants war. They have to cause a major war so their 12th Emon, or what ever they call him, will come and convert the world to Islam. Iran does not care about money. They don’t care about anything but their religion and bringing in the time of their world domination. They don’t care how many lives it takes to accomplish this.

        • socalbeachdude

          No. Iran does not want war at all and is and has always been a very peaceful country that has not once started a war with any of its neighbors, let alone any other country.

          • Richard O. Mann

            You just keep drinking that cool aid.

          • socalbeachdude

            Please name ONE SINGLE TIME in the entire multi-thousand year history of Iran where it has started war with anyone.

          • LIZ THE SHIZ

            try Persia under Xerses and Darius , go watch the movie “the 300”

          • socalbeachdude

            That wasn’t the State of Iran.

          • LIZ THE SHIZ

            and Iran wasn’t around for thousands of years

          • SnodtBlossom

            Liz ist falsch falsch falsch

        • USA Slave

          America wants war, fixed that for you.

      • SnodtBlossom

        there is no god. your prayers are fruitless

        • James Staten

          You are wrong now, and at this point for eternity. https://www.bible.com/bible/1/psa.34.8.kjv#!

          • SnodtBlossom

            no, you are wrong

          • James Staten

            No, and I am so sorry for you

          • SnodtBlossom

            no, it’s you who are wrong..feel sorry for yourself

        • Daddyotis

          I thought you believed that Madam President Hillary Clinton was God…..

          …..until Saint Donald Trump banished her to the depths of Hades where she belongs

          BWAHAHAHAHAHAHA!

  • Bill

    No matter what happens or when it happens the irrational left is programmed to blame Trump for anything and everything while the twisted media gives them backup. The big question is what comes first……civil war or recession.

    • socalbeachdude

      There will be no civil – or uncivil – war in the US.

      • jakartaman

        You are 100% correct – As long as all the riots murders stay in the democratic urban areas.
        Once they start in the red American – they will have a major problem

    • jakartaman

      I think we will skip right by recession into economic chaos
      Followed by major civil unrest and martial law

      • Kissmagrits

        Then Dumitru Duduman, Henry Gruver, Pastor Masih and many other of God’s watchmen that were given visions by God will come to pass and Revelation 18 will be fufilled.

  • Brian

    No matter when the recession/depression occurs the Elites, Lamestream Media and the Looney Leftists will all get together and blame President Trump, Russia, WikiLeakes, Gun Owners, Deplorables, Christians, Conservative Americans, etc. However, all of us know that this economic fiasco falls squarely on the girly shoulders of Obummer.

    • Special Little Snowflake

      Who inherited the economy from the reckless standard republican policies and his predecessor Bush.

  • Michael Dubin

    We’ve been in a depression since 2009, if we use honest economic numbers. So what is the point of saying we are entering a recession?

  • NARENDRA MODI KING of WORLD

    Trump is building allies with ‘anti-new world order’ leaders. The nwo globalists don’t want a recession now because post recession, the world would have gotten out of the grips of nwo. Trump is not everything, and the usa isn’t the only country that is under the trap of nwo. Trump needs to cooperate with other world leaders like NARENDRA MODI who are against the globalist agenda. So the federal reserve will risk killing the dollar in order to avoid recession in early stages of trump admin.

    • HE WILL NOT DIVIDE US

      Trump is NWO, dummy

  • NARENDRA MODI KING of WORLD

    Trump is building allies with ‘anti-new world order’ leaders. The nwo globalists don’t want a recession now because post recession, the world would have gotten out of the grips of nwo. Trump is not everything, and the usa isn’t the only country that is under the trap of nwo. Trump needs to cooperate with other world leaders like NARENDRA MODI who are against the globalist agenda. So the federal reserve will risk killing the dollar in order to avoid recession in early stages of trump admin. In the end, TRUTH will trumph

    • K2

      First try to convince narendra modi from preventing china from flooding cheap goods into india’s economy and destroying india’s manufacturing sector.

      • NARENDRA MODI KING of WORLD

        NARENDRA MODI has made tremendous progress to prevent China from flood INDO markets with cheap goods. Also, google latest articles stating where next iPhones will be made: hint: somewhere in INDIA. Given apple is one of the biggest cos in the world, iphones made in INDIA is a big blow against China economic dominance.

        Now getting back to trump. Trump is not some superman who will save the world from catastrophy all by himself because the catastrophy generating squid that is Goldman Sachs has its tentacles in all corners of the globe. Instead, the ‘anti-nwo’ good guys of the whole world who in their own respective countries are fighting the evil squid banisters need to join hands to kill this giant squid. In fact, if the people of alternative media world are serious abt desiring a good and just world, they should not only hail trump and PUTIN, but even good leaders of Asian countries. I’m just so sick of alternative media hopelessly ‘hanging their hats’ only on trump, as if he is the only GODSEND hero who will save the planet from the crutches of the evil banisters. Trump needs join shoulder to shoulder with the likes of NARENDRA MODI to fight this evil squid the has its tentacles around all nations of the world in every sphere. Until the alternative world realizes the need of the hour is to join shoulder to shoulder with the likes of NARENDRA MODI and report on it, then just hailing trump will do nothing to free the world from the clutches of the evil giant bankster squid.

        • K2

          Looks like you have fallen hook line and sinker into the ‘idea’ that banksters are responsible for the world problems. FRB is what made this world what it is today. Without it the global economy would not have expanded so much and would not have provided jobs for billions of people all over the world.

          • JC Teecher

            You are so weak on who and what the FRB is, and why it is in place. The alternative would be a blessing, and banks would not be beholding to a group of individuals that have their own (nwo) agenda in place. There were banks before FRB and they did quite well without the FRB system.

          • K2

            Elaborate.

          • socalbeachdude

            No, they certainly did not do “quite well” at all prior to the Federal Reserve Act.

        • LIZ THE SHIZ

          after Narendra gets through there will be a 7-11 on every corner and cows walking the streets , thank you come again

      • NARENDRA MODI KING of WORLD

        NARENDRA MODI has made tremendous progress to prevent China from flood INDO markets with cheap goods. Also, google latest articles stating where next iPhones will be made: hint: somewhere in INDIA. Given apple is one of the biggest cos in the world, iphones made in INDIA is a big blow against China economic dominance.

        Now getting back to trump. Trump is not some superman who will save the world from catastrophy all by himself because the catastrophy generating squid that is Goldman Sachs has its tentacles in all corners of the globe. Instead, the ‘anti-nwo’ good guys of the whole world who in their own respective countries are fighting the evil squid banisters need to join hands to kill this giant squid. In fact, if the people of alternative media world are serious abt desiring a good and just world, they should not only hail trump and PUTIN, but even good leaders of Asian countries. I’m just so sick of alternative media hopelessly ‘hanging their hats’ only on trump, as if he is the only GODSEND hero who will save the planet from the crutches of the evil banisters. Trump needs join shoulder to shoulder with the likes of NARENDRA MODI to fight this evil squid the has its tentacles around all nations of the world in every sphere. Until the alternative world realizes the need of the hour is to join shoulder to shoulder with the likes of NARENDRA MODI and report on it, then just hailing trump will do nothing to free the world from the clutches of the evil giant bankster squid.

        Getting back to NARENDRA MODI, he has made tremendous progress from freeing INDIA from the clutches of globalism. But while fighting globalism and figuratively chopping down the tentacles, the tentacles just keep growing back. During these 3+ years of NARENDRA MODI admin fighting the squid, he has realized the squid keeps growing its tentacles at leftist tentacle growing factories in all nations of the world, thus necessitating the good of all countries to stop the manufacturing of tentacles in their respective nations.

        • K2

          Oh really? What ‘tremendous progress’ did he make from preventing chinese products flooding into india? He did some good things like ‘make in india’ scheme and trying to attract iphone production, and he is way better than UPA…but that is NOT ENOUGH.

    • socalbeachdude

      The US dollar will continue to grow in strength and is headed to at least 120 on the DXY.

  • socalbeachdude

    The GRAND GLOBAL DEPRESSION has been ongoing and intensifying ever since August 2007, so we are in need of a “new recession” but were are very much in need of that fact being recognized along with the vast overvaluations in the asset markets.

  • socalbeachdude

    FEDERAL DEBT CEILING HOLIDAY ENDS MARCH 15, 2017

    “You’re not going to be able to grow your way out of this one. It’s too big,” says Rep. Tom Cole (R., Okla.). He expresses worry about relying on rosy growth projections, through the use of so-called dynamic scoring, to assume tax cuts would stimulate the economy to materially offset upfront revenue losses. “I worry we’re so in love with dynamic scoring, and it never works out the way the tax gurus tell us it’s going to.”

    Moreover, there is not a chance that a significant infrastructure stimulus will pass, either. That’s because a meaningful slice of GOP conservatives in both houses are properly against it and Trump has no chance of forming a coalition with Democrat spenders.

    That’s because co-President Steve Bannon does not understand that the White House’s bombastic anti-immigrant campaign is toxic on the Democratic side of the aisle. After all, the Democrats have become the “sanctuary party” of contemporary politics, meaning the two sides will not be joining hands any time soon.

    What will be coming soon, however, is the mother of all debt ceiling crises — an eruption of beltway dysfunction that will finally demolish the notion that Trump is good for the economy and the stock market.

    The debt ceiling holiday ends on March 15, and it appears that the rudderless Treasury Department — Mnuchin has not yet been approved as Treasury Secretary and there are no Trump deputies, either — may be engaging in a bit of sabotage. That is, the cash balance has run down from a peak of about $450 billion to just $304 billion as of last Friday.

    Unless reversed soon, this means that the Treasury will run out of cash by perhaps July 4th rather than Labor Day. After that, all hell will break loose.

    The frail GOP majorities now in place will be too battered and fractured by the interim battles to coalesce around a ten-year budget resolution that embodies the $10 trillion of incremental deficits already built into the CBO baseline — plus trillions more for defense, veterans, border control, the Mexican Wall, an infrastructure bonanza and big tax cuts, too.

    It will never happen. There is not remotely a GOP majority for such a resolution.

    But without an FY 2018 budget resolution, inertia and the K-Street lobbies will rule. Without a 51-vote majority rule in the Senate, a material, deficit-neutral cut in the corporate tax rate would be absolutely impossible to pass. Yet that’s exactly what the casino is currently pricing-in.

    In short, it is only a matter of time before the robo-machines start re-programming themselves for the fact that the Great Trump Stimulus has gone missing.

    When that happens, the stock market will not be a pretty sight.The S&P 500 has now reached the highest ratio to worker earnings in recorded history. It will descend into a bidless free fall when eight years of buying the dip finally unwinds.

    https://dailyreckoning.com/crash-will-violent/

  • socalbeachdude
    • HE WILL NOT DIVIDE US

      More like bottom 90

  • K2

    Lol, michael you say the economy is in danger due to debt. But then later say that lending standards’ ‘tightening’ is a sign of recession.

    You are ‘contradicting’ yourself.

    ‘Loose’ lending standards’ are infact more dangerous to an economy if that economy is in danger due to debt. Since it increases debt even faster. Tighter lending standards do the opposite. Tightening lending standards are actually good for the economy if the economy is suffering due to debt.

    Also regarding fall in tax receipts…a simple google search will tell you the real reason behind that sudden fall in tax receipts.

    • JC Teecher

      It depends on what the “loose” lending standards are geared at. Trump is the “economy recovery” potus, and he wants banks to loosen their standards for business loans to stimulate the economy.

      However; the stimulation may be short lived if “new businesses” can’t live up to the supply and demand factor.
      Businesses already established, that just need cash infusion, for expansion or improvements, must have a good plan in place for repayment.
      Businesses that are on the brink of bankruptcy, but want cash for a possible climb out of their problems, may eventually still go belly up.

      All these situations in business may lead to the eventual collapse on down the road anyway, even if loans are more available, but many will definitely go bankrupt or never get off the ground, if bank loans are not available.

      • K2

        So you are saying availability of bank loans will lead to a collapse, and non availability of bank loans will also lead to a collapse?

        • JC Teecher

          Availability can have a positive affect on the economy. But if something big happens that very same thing could put businesses in dire straits, as mtns. of debt can’t be repaid, and the PTB do a bail in, next time a banking collapse comes.

          Non availability to business loans can continue to stagnate the sick economy, and therefore continue to lead down a path towards a collapse, as well.

          Entrepreneurship has always been the backbone of capitalism. Cut off the means to continue that way of life, and the Economy has no where to go but down, or at the very least stay stagnant. Especially in the face of shipping manufacturing jobs offshore.

          • K2

            Nobody is arguing againt enterpreneurship, ofcourse its important.

            In an economy that is facing trouble due to debt…tight lending standards are better.

            In an economy facing trouble due to too many bad loans….loose lending standards are a problem.

            Both cannot be a problem at the same time…..for the economy as a whole. I am not talking about individual businesses.

          • K2

            Looks like i said the same thing twice….meant to say, in an economy that is facing liquidity crunch…tight lending standards are a problem.

  • horn blower

    I remember Jim Rogers was touting teach your children Cantonese and invest in the Chinese dollar, how’d this work for you Jim? Of course he said this because he lives in Singapore. Frankly, I’m tired of the ‘wait’. I see and understand we must have this collapse in order to re-do the right way. Who better to fix it than a man proven to be able to generate wealth.

    • SnodtBlossom

      Impeach President PigBastard T.Rump!!!

      • socalbeachdude

        GIVE SAINTHOOD TO DONALD TRUMP!!!

        • Justanothergoldbug

          Donald Trump
          loves
          Benjamin Netanyahu

          • socalbeachdude

            So?

        • Kissmagrits

          Give Donald Trump the Nobel Peace Prize.

      • horn blower

        That’s it, that’s all you have to bring here? Losing hurts paid shill.

        • SnodtBlossom

          no.. i bring more.. don’t worry

          • Daddyotis

            Bestow sainthood on Donald Trump!!!

            (don’t worry Snodtty…you’ll LEARN to love him)

            BWAHAHAHAHAHAHA!!

      • Kissmagrits

        Where’s your pink ribbon?

        • SnodtBlossom

          i was able to differentiate again so I no longer need nor prioritize it

          • Kissmagrits

            So does the black background represent your heart?

          • SnodtBlossom

            no

      • Trump

        What have i ever done to you sunny?

        *sob* sniff *sob*

      • Daddyotis

        Repeat after me:

        “Madam President Hillary Clinton”

        BWAHAHAHAHAHAHA!!!

      • Jason Samuelson

        You’re an idiot…

      • Kissmagrits

        HILLARY CUNTON FOR SOUZA BARANOWSKI 2017. LOCK HER UP, LOCK HER UP, LOCK HER UP.

  • voltaic

    How pathetic! Obama inherits the Great Recession and you types pummeled him relentlesslyfor 8 years for not doing enough about anything while you let your GOP simply do nothing at all. And now you hope a recession hits quickly so trump isn’t harmed. Poor baby. Sure the evil Obama saved the auto industry, the crippled airline industry the banks (which he should have let some fail), and all the symbiotic jobs that attach to those industries. So more than 15 million jobs were created during that time. So what that nat gas and renewables reached record levels allowing for less dependence on oil, especially that from those Muslims you hate so. Hopefully that all crashes soon so the dictator trump can look good, just like putin did to Russia.

    Yes, the debt increased, as it did during WWl, the Great Depression and WWll. I am surprised you don’t call WWll a false flag to improve the economy in the decades following.

    What have GOP offered to improve the economy? More trickle down, voodoo economics that will bust the deficit higher and increase the debt? That’s all they have. That’s all trump has. Maybe he’ll give ICE more jobs with mass deportations, but that won’t help the economy.White men feel entitled to an outmoded factory or mine job making $25 an hour in industries that are now dependent on robots and technology. Solar employs twice as many as coal and it’s safer and better paying. But who cares about that.

    The trump times have been disturbing enough already with his incompetent cabinet, his Russian Putin ties, his hate and disparaging of the courts and the Constitution, his inept, dinner decision to do the botched Yemme raid that killed a SEAL and many others including children (picture Obama doing that instead of trump, if you dare). Banning Muslims from 7 countries but not the Muslims countries where he has business interests, including 9/11’s Saudi Arabia. And those new trade wars? Just wait for those results. They will not be pretty. But to now hope a recession hits quickly so trump can shine is a new low. Might as well wish for a huge hurricane so trump can outshine GWB during Katrina. Look in the mirror and you will see your enemy.

    • Carl

      Truer words have never been written. Thank you.

    • socalbeachdude

      The US economy was VASTLY HEALTHIER back in 2007-2009 than it is today and had far less debt than it does today. Obama and his ilk did vast harm to the US economy and directly contributed to the absolutely enormous debt increases.

      • voltaic

        Please, you embarrass yourself. The economy was shedding 700,000 jobs a month. Foreclosures were at record highs. The stock market had plummeted. The auto and banking industry were both ready to fold which would have ended jobs for milliions more. And it was a worldwide event. The debt is higher, but interest rates are low, which shows confidence in borrowers who are buying treasuries (debt). Facts are terrible things.

        • socalbeachdude

          As to 2008-2009, there was no “financial crisis” at all, but rather just an accounting issue with FASB Rule 157 (“mark to market”) and as soon as that newly implemented rule was rescinded on March 9, 2009, assets had a sudden and “miraculous” recovery.

          Practically NOBODY WANTED ANY OF THOSE SO-CALLED “BAILOUTS” which were nothing other than VERY SHORT TERM LOANS WITH VERY HIGH INTEREST RATES OF 6% to 9% which were FORCED ON FINANCIAL ENTITIES and all of which were IMMEDIATELY REPAID as soon as that was allowed.

          No money was “given” to anyone from the US government and there was NO NET COST AT ALL for those “bailouts.”

          The major underlying cause of the 2008-2009 PERCEIVED (NOT REAL) LIQUIDITY SITUATION was the enactment of the Gramm Leach Bliley “Financial Services Modernization Act of 1999” which a number of folks predicted the day it was signed into law by President Bill Clinton would result in a major financial disaster within 10 years. It only took about 8 years for that to happen.

          • Spatial Memory

            Complete nonsense. Obviously you have zero formal education nor experience in banking & finance or accounting. The Levin Coburn investigation and report will clearly prove the balance of your comment ludicrously inaccurate as well. ROFL

          • socalbeachdude

            Yes, your comment is complete nonsense as always!

          • Spatial Memory

            Anyone that reads the findings of facts will know otherwise- while you continuously post ridiculous inaccuracies.

          • socalbeachdude

            What I stated is 100% correct.

  • Leif Erickson

    Another item that may push the economy into a downturn is the underfunded State’s and large municipality pension funds. These must start to be addressed soon, if not already too late. State and local tax rates will have to increase to help pay for these retirees putting an extra burden on the working class. Illinois, California, and Oregon are finding this out now. According to Forbes, “Most state and local pensions hold about 75 percent of their investments in risky assets such as stocks, private equity or hedge funds and they assume annual investment returns of about 7.6 percent. ” There is a good chance these investments will not meet their assumed returns. Even with 75% funding, they are left with $1.4 trillion in unfunded liabilities. A major crash could leave these pension funds with only 39% funding by some estimates.

    • JC Teecher

      Yes it seems that the list of states with unattainable public pension liabilities continues to grow. Those that have all their eggs in that type of retirement basket, will most likely find themselves, one day, sitting on the sidelines of comfort living and drawing about half of what they had anticipated.

      The bubble of unpaid liabilities does continue to expand beyond what the states can afford to pay out.
      One major dip of the markets, below 20 to 30 % of the recent highs, and look out.

  • DJohn1

    The “blame game” will not fix anything.
    What we need is a correction in the way our government thinks it can fix things.
    Up until about 40 years ago, the middle class was the one to adjust things back to “normal” with adjustments in prices and wages.
    This was done with professional negotiations between corporations and the labor unions.
    From about 1970 until around 1990 this currency has rocked the boat world wide with runaway inflation. I can trace that back to President Nixon and his taking the dollar off the gold standard.
    The Clinton betrayal was the next thing to rock the boat. With the trade agreements signed by Bill Clinton, he effectively stole the middle class’s jobs.
    Obama stole the rest with Obamacare.
    In order to have an “economy” people in general must have jobs that pay enough so that they have spendable income.
    We are basically in a form of future shock. We are continuing to fight wars and pay for them.
    We are up against a corporate world that has determined to move overseas where bureaucracy doesn’t exist and wages are low. Profits from doing this are high.
    The problem is corporations are shooting themselves in the foot by doing this.
    No one wins if the US Currency goes down the tubes. All those profits are cut basically to about 10% of their original value. This has all ready happened to a number of currencies in the world dating back to the 1950s and the British Pound.
    If it happens here then all those billions of dollars in private hands will go bad with it.
    So what does have to happen?
    We have to not replace Obamacare with anything. We do have to dump Obamacare as soon as possible. Our new Republican Congress is all ready mouthing not doing that.
    That automatically puts money back into the average person’s pocket.
    We have to re-establish balance between what people make by working and give back discretionary income to the common average person.
    We have to lower the weekly hour rate of 40 hours to 32 hours. And we have to keep the wages the same.
    This will mean industry will have to hire more people or put them full time.
    In the 20s, the assembly line approach made retail goods cheaper to make. The result was an entire class of people were put out of work. Namely the upper class trades people of the nation.
    This led to a depression that lasted well over 10 years. Only a world war brought that economy back together again. Nothing FDR tried worked for long.
    We need to learn from history. Otherwise we are doomed to repeat it.

    • socalbeachdude

      The so-called gold standard was just a brief 60 year failed experiment starting in 1873 that was ended totally domestically in 1933.

  • JC Teecher

    As the list of reasons why the economy is heading for a bigger recession, or collapse entirely, grows; there are a couple reasons why it may not.

    One of those is increased and continued welfare programs. Also, the Food Assistance programs could become more widespread, unlike our state that, has designed a program whereby all EBT benefits have basically ceased for persons between the ages of 18 and 50…unless; they attend work programs and maintain minimum employment hours each week.
    In talking with a lady that has worked with the state social services program for the past couple decades, she said that last year the legislature was in the process of increasing the age group from the 50 year olds to the 60 year olds as well. However; that may have been thrown out the window as the republican governorship was defeated, mainly over the HB2 bill, and as they say…a new sheriff is in town, and he ain’t a conservative.

    Time will tell, and the elitist establishment powers in DC, will fight anything that takes money away from their system that puts money into their districts and pockets. So it would be a stretch to see more “entitlement” increases, along the lines of welfare programs, without a big fight for those kinds of things by the potus.

    Funny thing is, the dems/liberals have always maintained the stance that they are for the “little man”, the poor and the downtrodden, but; as sure as trump were to come up with a plan for increasing the programs and services to the unemployed and poor, the dems will surely try to block it as they have everything potus has tried to implement.

  • mar1950

    “But woe to you who are rich, for you are receiving your comfort in full. Woe to you who are well-fed now, for you shall be hungry” (Luke 6:24)

  • socalbeachdude

    The BIS (Bank for International Settlements) – which is the central bank of central banks – has repeated and strongly warned about extreme debt levels and elevated asset price bubbles from 2009 right up until present and is now strongly warning again about the excessive global debt levels which have grown astronomically over the past 8 years.

    BIS warns of looming debt bubble – Forbes

    Guess who is going broke again? Greece!

    So you thought the world was deleveraging after the housing and derivatives bubble of 2008, hey?

    Well…fooled you!

    Global debt-to-GDP is now at a comfortable record high and the Bank for International Settlements, aka the central bank of central banks, noted on Friday that over the last 16 years, debts of governments, households and corporations has gone up…everywhere.

    In the U.S., debt is up 63%. The Eurozone, Japan, U.K., Canada and Australia average around 52%. And emerging markets, led by China, leverage is up 85%. In some important emerging economies like Brazil major cities are on the verge of bankruptcy. Rio is CCC credit thanks to mismanagement of a deep sea oil bonanza and over spending on the FIFA World Cup and the 2016 Olympics.

    http://www.forbes.com/sites/kenrapoza/2017/02/10/bank-for-international-settlements-warns-of-looming-debt-bubble/#452c3b642d5a

  • socalbeachdude

    Politics has nothing whatsoever to do with the decisions made on a consensus basic by the 12 member FOMC at the Federal Reserve. As to the “deficit to debt” assertion and GDP, your assertion is nonsensical and total US government spending is around $4 trillion in our $18 trillion a year economy and last year’s Fiscal 2016 deficit was about $1.4 trillion.

  • Patriot One

    Personally I think the proper term would be depression.. We’ve been in a recession for 10 years. That is unless you believe we’ve been in a recovery since 2009. It’s all fake!!!

    • socalbeachdude

      100% correct. We have been in the GRAND GLOBAL DEPRESSION ever since August 2007 and now that is rapidly intensifying with the problems today VASTLY WORSE THAN THEY WERE BACK IN 2007.

  • socalbeachdude

    Trump is questioning the future of a series of top aides – including under fire national security advisor Mike Flynn, embattled press secretary Sean Spicer and chief of staff Reince Priebus

    Trump is said to be considering at a staff shake-up less than a month in after the clamorous roll out of his travel ban and a controversy with Flynn and the Russian government.

    http://www.dailymail.co.uk/news/article-4219904/Trump-questioning-future-series-aides.html

  • socalbeachdude

    On the Trump train! Singer Joy Villa gets political at the Grammys with ‘Make America Great Again’ gown emblazoned with The Donald’s surname

    It didn’t take long for the 59th Annual Grammy Awards to get political as singer Joy Villa arrived on the red carpet in a form-fitting ‘Make America Great Again’ dress. The red, white and blue gown not only had President Donald Trump’s campaign slogan on the front, but it also had his last name scrolled across the bottom in the back.

    Villa’s bedazzled open-back dress was first covered by a flowing white dress, but her statement-making gown was later unveiled on the red carpet. And though the self-proclaimed feminist (according to her Twitter bio) said her platform is about ‘love’, she drew immediate criticism on social media for her ensemble.

    http://www.dailymail.co.uk/news/article-4218232/Singer-Joy-Villa-makes-political-statement-Grammys.html

  • socalbeachdude

    Judge Jeanine Pirro slams ‘loud classless’ women marchers for forcing Nordstrom to drop Ivanka’s clothing line – when the president’s daughter ‘epitomizes everything they claim to champion’

    Jeanine Pirro, an enthusiastic Trump supporter and friend of the president, went on a tirade during her show on Saturday night to defend Ivanka after Nordstrom dropped her clothing line. She went on to say the president’s daughter is stronger than the ‘loud classless women’ and ‘small jealous women’ who are against her, before turning her aim to the massively-supported women’s marches across the country after Trump’s inauguration. ‘Try as you might, you will not defeat this woman, and you will not set us back,’ Pirro said. The rant came a day after Donald Trump blasted Ivanka’s critics (inset) following Nordstrom’s decision to drop her clothing line. The department store announced earlier this week that it will no longer offer Ivanka Trump’s brand name clothing line for sale due to lack of public demand.

    http://www.dailymail.co.uk/news/article-4217930/Fox-host-attacks-small-jealous-women-criticizing-Ivanka.html

    • LIZ THE SHIZ

      the judge is a midget nutcase

      • socalbeachdude

        Judge Jeanine is one of the BEST AND BRIGHTEST reporters on television these days.

        • LIZ THE SHIZ

          laughably laughable but Greg Gutfeld on the other hand is a modern day Soupy Sales and Gilbert Gotfried’s brother

          • socalbeachdude

            Huh?

      • SnodtBlossom

        genau wie du

      • mike

        what???? here on earth she is a breathe of fresh air in a world of insanity.

    • Patriot One

      Nordstrom is run by idiots. Do they really think Bull Dikes are buying Ivanka or anything else at Nordstrom??? Maybe the lipstick lesbians shop there, but they are few and far between in the LGBTQ community…

  • Dan Smith

    The last one was started by Bush and this one they want under Trump, so what are they not telling us…

    • socalbeachdude

      Absolutely false. As to 2008-2009, that little and very rapidly corrected downward blip was all due to an accounting rule known FASB (Financial Accounting Standards Board) Rule 157 (“mark to market”) which was essentially rescinded in March 2009 at which point the markets returned to huge increases.

      • Dan Smith

        Yea I knew a Bush-Head would arise to protect the President who was part of 9/11… never fails… Bush was SO awesome by attacking Iraq, but why didn’t he attack Saudi where the terrorists came from? Easy, BUSH OIL!

        • socalbeachdude

          What on earth do the heinous crimes of September 11, 2001 have to do with FASB Account Rule 157 and the subsequent downturn of the United States economy in 2008-2009?

          • Spatial Memory

            Your ludicrous interpretation of the causes, the 2008 event itself and subsequent effects of the aftermath are hilariously funny- even funnier is your ridiculous idea that papering over mark to market is a viable permanent resolution. Obviously zero education nor related experience in banking, finance nor economics whatsoever. Meanwhile you’ve been horrendously incorrect since and key indicies have increased 300%+ while you’ve ranted on the perils. Rotflmao.

            So many have benefited and thrived simply by doing exactly opposite of your daily rants since. Too funny.

          • socalbeachdude

            I see you are now up to a whopping 171 comments with each one increasingly dumber than your prior comments!!!

  • John

    Yea, like Trump is going to start a recession. Unfortunately this site reads all comments and deletes the ones they don’t like while at the same time they write about the hypocracy in Government. I bet this post will be deleted. That’s why there is no point saying any more on this….

  • Spatial Memory

    Another ridiculously absurd economic hunch from writer predicting an economic collapse for the last 9,000 points on djia. Too funny for any words!

    • socalbeachdude

      Totally clueless as always, I see. At least you are fully consistent with your delusional nonsense!

      • Spatial Memory

        Says the other scattered ego lunatic whos proven absolutely clueless with each and every trading day and financial report. ROFL

        • socalbeachdude

          Thank you once again for describing your delusional mindlessness and ignorance of the facts so very perfectly!

          • Spatial Memory

            Look back over the years at your absurd guesswork. Extrapolate out what the other side of such transactions netted. Laughing to the banks daily. 🙂

          • socalbeachdude

            The fact of the matter is that if you had chosen stocks from the only 30 stocks listed on the Dow of over7,000+ stocks on the US exchanges over the past years since 1929 you’d have nearly nothing left today of what you paid for them originally.

            ONLY ONE DOW (DJIA 30) STOCK LEFT ON INDEX SINCE 1928

            The only stock still on the Dow Jones Industrial 30 stock index known as the DJIA 30 or “the Dow” is GE. All of the other stocks have either failed or been acquired and substituted from the 1928 group of stocks on the Dow.

            If not for all of the stock substitutions on the Dow, that index would now be nearly ZERO.

            https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

          • Spatial Memory

            The fact of the matter is that since the aforementioned 1928 to 1929 time frame the Dow Jones Industrial Average components as well as the thousands of entities listed on recognized exchanges as well as the exchanges themselves have experienced incredible innovative and technical advances. Comparison of such antiquated and archaic methodologies and price discovery machinations to today’s avant garde integrations and ancillary advances in banking and finance, not limited to, clearly demonstrates lack of any knowledge nor experience within the relevant subject matter- as well as insight into the ignorance that has caused so much angst among the uneducated while so many have benefited and thrived by such advances in banking and finance, technologies and corporate governance, etc.. Homeschooling has failed many miserably – sorry for your loss(es)!

          • socalbeachdude

            What utterly imbecilic nonsense!

  • socalbeachdude

    Why does economic growth keep slowing down? – St. Louis Fed

    https://www.stlouisfed.org/on-the-economy/2017/february/why-economic-growth-slowing-down?

    • Spatial Memory

      Law of large numbers, central limit theorem- not limited to. 🙂

      • socalbeachdude

        What the St. Louis Federal Reserve Branch stated is absolutely correct.

  • socalbeachdude

    The reinstatement of the very simple and straightforward 34 page Glass-Steagall Act would totally solve any of those issues as to the banks and would break the financial institutions up as they were prior to its repeal into:

    1) commercial retail banks

    2) investment banks and brokerages

    3) all other financial concerns including insurance companies.

    • Spatial Memory

      A clueless and myopic view. Roflmao

      • socalbeachdude

        Once again your comment is both totally clueless and utterly myopic!

  • socalbeachdude

    US stocks are now the most overpriced since the 2000 crash

    On March 30, 1999, the Wall Street Journal’s front page headline blasted the good news across the world:

    “Dow Industrials Top 10,000”

    The day before, the all-important US stock index, the Dow Jones Industrial Average, closed above 10,000 for the first time in history.

    It was a major milestone, and investors cheered.

    A few investors, however, were concerned.

    They felt that US stocks were too expensive, and the entire market was in a dangerous bubble.

    But the Wall Street Journal answered those naysayers, as the headline of the second article on the front page ominously read:

    “If this is a bubble, it sure is hard to pop.”

    US stocks right now are selling at the HIGHEST price-to-sales ratio in at least 15 years, and far higher than it was before the 2008 crash.

    Similarly, the cyclically-adjusted Price/Earnings ratio of the US stock market is now at its highest level since the 2000 crash, and higher than it was before the 2008 crash.

    Looking at other metrics like Enterprise Value to EBITDA (a measure of a company’s core business operating cashflow), US stocks are also at their most expensive levels since the 2000 crash.

    https://www.sovereignman.com/investing/us-stocks-are-now-the-most-overpriced-since-the-2000-crash-20733/

  • socalbeachdude

    “Stock prices have reached what looks like a permanently high plateau and can only go UP from here…” — Irving Fisher, September 1929

    And then the markets did go UP…

    UP in FLAMES and SMOKE!

    • Spatial Memory

      Meanwhile the djia is 50,000%+ higher since then.

      • socalbeachdude

        Rest assured that stocks can only ever fall a maximum of 100%!

        • Spatial Memory

          They’ll need to fall 50% to get back to the point your bearish rants began. 65-70% including dividends and distributions. lol

          • socalbeachdude

            The Dow is headed to at least an 80% plunge from current absurd price levels.

          • Spatial Memory

            Didn’t think it possible; your predictions are more ludicrous than those foisted by this site. ROFL

          • socalbeachdude

            Nope, but yours sure are!!!

      • Socalsonofabitch

        Your insight on the blog is missed 🙁

  • Mike Molyneaux

    Many Christians are placing their faith, hope and love in Donald Trump as the world’s modern day Savior, leading the anti-globalist fight of “the good” against “the evil.” But their love and prayers are misdirected. He is another bought and paid agent of the super-wealthy elite. If not already he soon will be, like all other presidents. His mission will be to fool Americans en masse. Christians cannot seem to wake up to the fact that politics is all about mind and population control – different mafia groups taking turns at fleecing the pockets of ignorant citizens until Kingdom comes. Most Christians don’t know what Israel’s Messiah really taught and don’t do what He instructed. So they will all go down with the sinking USA like the great Titanic.

    • JC Teecher

      I disagree with almost everything you say, MM.

      Here is why. You do not know the heart of any man, especially D Trump. If he has received salvation through the blood of Christ, as a believer, then he is covered, and you are seen as the accuser.

      You may be treading on thin ice if D.Trump is a chosen leader by the Heavenly Father, of these last days, to bring about a turn from the evil leadership America has had for the past 30 years.
      All I know for sure, is that America has a chance to see leadership from the White House that will protect Christians and Christian values, as time goes forth.
      Is he a saviour or perfect man? No not close nor are we.

      You paint with a broad brush as you judge “most” Christians as having no knowledge of Israel’s Messiah’s teachings. Where did you buy that cheap crystal ball you are looking into to get these revelations? From someone that told you it came from the Titanic? lol, ha ha. I got some ocean front property in the Blue Ridge Mtns of NC, I will sell you at a deal.

      • Mike Molyneaux

        May I share the Key of Knowledge with you? Then you can discover not only how much you know but how little you know. See Luke 11:52, Matthew 16:19 and 23:13.

        • JC Teecher

          Been there and done that with you, and you continued to send me emails that disrespected me, while you played oneupmanship with your aclaimed knowledge and high spirituality superiority.

          If I wanted that I would be watching and listening to John Hagee everyday.
          You need to find another project person to fill your ego, cause I get my Truth-Knowledge-and Understanding directly from the Holy Spirit.
          Why would I want or need a lesser teacher?

          • Mike Molyneaux

            Well good luck to you then!

    • mtntrek3

      I agree on the point there are no saviors out here politically or otherwise. While I agree with Donald on certain things….. his demeanor concerns me. Still hoping he can help us out in some ways. Time will tell as it does with everything. Like I’ve said before….. each new administration blames all the crap on the one before it ……. and on it goes. …. There’s just too much corruption overall in society is the point. The only One that will truly rectify the world is Christ when He returns.

      • Mike Molyneaux

        There’s still much to be done in preparation for Messiah’s return. Are you interested in learning?

        • mtntrek3

          We all learn from the Bible. But, yes…… go ahead. We’ll compare notes.

        • mtntrek3

          I sent you a longer reply Mike…. if you don’t get it I’ll send another. It’s pending. Slfn. Chris.

          • Mike Molyneaux

            Hi Chris, Look forward to hearing the longer message. Here’s an introduction to the preparation https://mikamolyneaux.wordpress.com/2015/09/08/the-little-book-and-the-key-of-knowledge-revelations-10-and-11/:

          • mtntrek3

            In shorter version……. my take is the writing in red. God speaking through His Son. He’s the message and information we all need. …… Now, let’s see if this goes through.

          • Mike Molyneaux

            Nothing in red letters came through. Ttry sending to my email address mike.molyneaux @ xtra.co.nz no spaces

          • mtntrek3

            No, I meant the writing in red in the Bible. : ).

          • Mike Molyneaux

            The challenge is in understanding the inspired Message. English mistranslations are another serious challenge

          • mtntrek3

            I’ve got two responses pending now. :/ . Sometimes I get rather frustrated on Michael’s site. Some people can cuss up a storm and never get so much a hint of a block….. then others blocked much of the time. Anyway…… talk to you later. Maybe Lol. Chris.

          • mtntrek3

            Also… man’s ways are failing I agree. The Bible is my go-to for the last word , The Word according to what is to happen next in our world.

  • The Great Farmer

    I say lets let Trump do his thing. Three weeks in office is not much, then he is still putting together has cabinet. I’m not going to sell all my stocks just yet. I’m making money, no doubt many are overpriced. I think things are going to turn around some. A I have said, I’m prepped, hope for the best, planed for the worst.

  • Cal

    If it’s shown that Trump directed Flynn to call the Russian ambassador and then lie about the essence of the call (lifting of sanctions) then we will have the shortest presidency since WH Harrison.

  • awb22

    The prison industry seems to be fairly recession proof.

    Even in a recession, maybe Trump can improve the employment rate. That is, if the recessionary downturn isn’t too severe. That would be a soft landing. All bets are off in a severe downturn. The correction would be dramatic.

  • mtntrek3

    Up and down periods…… mostly trending down is my take on things until Christ returns and truly makes things better. …….. Actually things will become much worse at some point according to the Bible until then. I’d say that will be when WW III strikes.

  • socalbeachdude

    The Most “Horrifying” Chart in the World

    Larry Fink is terrified.

    Fink runs BlackRock, the world’s largest asset manager. The company manages a whopping $5.1 trillion. That’s more than Goldman Sachs, Bank of America, or Wells Fargo. It’s more than the annual economic output of Japan, the world’s third-largest economy.

    This makes Fink one of the most powerful people on the planet.

    Obviously, you don’t climb to the top in Wall Street by being easily rattled. But right now, Fink’s nervous.

    He’s worried about “a lot of dark shadows that could impact the direction of the marketplace.”

    Today, consumer confidence is even higher than it was in 2007. And we all know how that ended.

    The S&P 500 plunged 57% over the next two years. The Russell 2000, which tracks 2,000 small U.S. stocks, dropped 60%.

    Sir John Templeton, one of the greatest stock pickers ever, famously said:

    Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.

    http://www.caseyresearch.com/articles/the-most-horrifying-chart-in-the-world

  • socalbeachdude

    Did you read the article?

    • Spatial Memory

      No

      • socalbeachdude

        I’d suggest you do so. You might just learn something important.

        Why Does Economic Growth Keep Slowing Down?

        By Fernando Martin, Senior Economist

        The U.S. economy expanded by 1.6 percent in 2016, as measured by real gross domestic product (GDP). Real GDP has averaged 2.1 percent growth per year since the end of the last recession, which is significantly smaller than the average over the postwar period (about 3 percent per year).

        These lower growth rates could in part be explained by a slowdown in productivity growth and a decline in factor utilization.1 However, demographic factors and attitudes toward the labor market may also have played significant roles.

        Long-run growth rates were high until the mid-1970s. Then, they quickly declined and leveled off at around 3 percent per year for the following three decades.

        In the second half of the 2000s, around the last recession, growth contracted again sharply and has been declining ever since. The 10-year average growth rate as of the fourth quarter of 2016 was only 1.3 percent per year.

        Total output grows because the economy is more productive and capital is accumulated, but also because the population increases over time. The next figure compares long-run growth rates of real GDP and real GDP per capita. Both series display similar behavior.

        From the 1970s until the 2000s, long-run growth rates of real GDP divided by the labor force remained well below those of real GDP per capita. There are two main factors that explain this:

        Lower fertility and longer lifespans steadily increased the potential labor force relative to the total population.
        Labor force participation increased significantly from the 1960s until 2000, largely driven by increased female labor force participation.

        When accounting for both of these factors, economic activity from 1975 to 1985 looks more depressed than in the two decades that followed. This seems consistent with the negative effects that the 1970s oil shocks and efforts to reduce inflation in the early 1980s3 had on the economy.

        The trend in labor force participation reversed in 2000, as participation rates have been steadily decreasing since then. This explains why real GDP divided by labor force growth rates are now higher than real GDP per capita growth rates.

        https://www.stlouisfed.org/on-the-economy/2017/february/why-economic-growth-slowing-down?

  • Guardian

    You’re predicating this on the idea that it’ll simply be something like 2008 or 1981. That it’ll just be a “recession.” And for this, you’re now falling into the trap of trying to whitewash Trump, make him appear to be better than he actually is.

    What if it’s like 1929? Herbert Hoover had just come into office in 1929, and he’s now maligned as one of America’s most hated presidents.

    That’s what it’s actually going to be like. The economy should have crashed in a 1929-tier implosion back in 1981, but the neoliberal elites managed to create a fake economy. They hooked a tumorous, cancer-ridden nightmare of an economy up to life support.
    It’s tried its damnedest to collapse several times since. To just die. And in 2008, it finally succeeded. Except the neoliberal bastards have done their best to present its corpse as if it’s still alive. Sooner or later (and emphasis on “sooner”), the jig will be up. Now that they have the perfect fall guy to put it on, the elite have a good reason to let the living corpse finally pass on.

    Face it. It’s over. Don’t put your trust in Trump. If you do, I can’t guarantee your mental health will remain. You’ll resort to self-inflicted doublethink. Trump was never truly going to win. Clinton was almost certainly not intended to be their Final Ruler; they were probably planning on ringing out another good 10-15 years out of this decaying sludge that was once an economy, but Clinton’s hubris led to their plans getting scrapped.

    There is literally nothing Trump can do to save the economy. Not even if he had Franklin Roosevelt’s years to serve as president. We’re about to deal with the sort of collapse that can only be called “apocalyptic”. Every single emergency measure is currently in place; if we were about to experience a recession, they wouldn’t be there.

    Search your feelings. You know it’s true. I don’t mean to reference Star Wars; I’m just trying to be real with you. The only way to save America would be to trash the economy as it is, precipitating a crash that would get Trump and the next two presidents run out of office.

    *That’s it.* There’s no policy that can be signed into law; there’s no regulations that can be cut; there’s no treaty we can pull out of that can avert this coming doomsday. A gradual save would take at least two generations of reform entirely from the bottom; that’s 40-50 years we don’t have.

    May God be with us.

  • socalbeachdude

    Just for laughs, it’s a hysterically funny read on Donald Trump’s supposed “ties to Russia” in this FAKE NEWS ludicrously absurd article below from USA Today!

    Donald Trump’s ties to Russia go back 30 years

    http://www.usatoday.com/story/news/world/2017/02/15/donald-trumps-ties-russia-go-back-30-years/97949746/

  • Mike Molyneaux

    The Word of God describes two groups of believers in the last days – one group have extra oil in jars and survive the coming Judgement and meet the bride and groom when they arrive. The other were foolish, didn’t prepare the right way and didn’t survive. They died and entered eternal life through faith alone but did not enter the wedding feast. Do you have the wisdom to understand the parable and prepare in good time?

    • mtntrek3

      Yes, the story of the ten virgins. Yet, I’ve never heard it applied to believers in the last days in that regard. As I understand the story…. the five that didn’t bring enough oil, left to buy more and then returned were turned away (disowned) . To me, that refers to ones in the last days that unwisely ignore the signs of the times, don’t keep their faith in God and ultimately are not accepted into heaven (they take the mark of the beast). …….. Concerning whether or not we physically survive the end times(the trib.) if we’re still here in the body is up to God imho.

      • Mike Molyneaux

        Faith, hope and love is sufficient to enter Eternal Life but not sufficient to enter the Kingdom. For those who have faith but no works, death is the next milestone and end of this broad highway. Luke 13:24. Their only consolation is the promise of Resurrection and Eternal Life. “My people perish from lack of knowledge.” – Hosea 4:6. “It is no good to have zeal without knowledge.” Proverbs 19:2 and Romans 10:2. Believers can only escape from the beast by leaving Babylon and entering the wilderness. – Revelations 12:6-14. Those ten virgins made preparations and then fell asleep. They made more preparations when they woke up a short time before the Bride and Groom arrived and that means a short time before Messiah returned. The wise will enter the Wedding Feast, but others who are not prepared get shut outside. I can send you a hundred or so Scriptures that explain all this if you send me your email address.

        • mtntrek3

          Thanks Mike…. but we have some disagreements on Scripture. Anyway, take care. Chris.

          • Mike Molyneaux

            The Key of Knowledge is the only way to resolve disagreements on Scripture.

          • mtntrek3

            Well, for starters ones cannot enter into eternal life without Christ as their Savior. Faith, hope and love aren’t substitutes for Christ . Just saying.

          • Mike Molyneaux

            Hi Chris, This subject, Eternal Life, like everything else in the Word of God, requires careful study of all relevant scriptures to correctly and fully understand the subject. Would you like to do a test of knowledge to see how you measure up to the ultimate in Truth and meaningfulness? The Key of Knowledge is an accurate, objective and reliable test prescribed by the Scriptures, that reveals the extent and limits of your personal knowledge. Until you really know your limitations you will not be ready to receive greater revelations of the Mysteries of God’s kingdom. Best wishes from Michael

          • mtntrek3

            Hey there Mike. Give me a website of yours if possible and I’ll try it out. Let me ask you this for example. The pre-trib. rapture. I and my wife always questioned it until about ten years ago when we decided that the Scripture doesn’t back it up. While we as Christians wish it were so…… we don’t see it happening until the end of the tribulation. What say you?

          • Mike Molyneaux

            As a professional engineer, scientist, psychologist and Bible Scholar, (God-taught not self-taught) I believe the Prophets: “The righteous will be separated so that they can escape.” NOT by going up into the clouds but by preparing in advance so they can come our of Babylon before destruction comes and escape from the beast. But don’t believe me. Believe the Word of God and let the Key of Knowledge test your interpretations of the Scriptures and see if your assumptions are true or not. See more of this here: https://mikamolyneaux.wordpress.com/2014/12/

          • mtntrek3

            Does Origen play into this? Asking. Anyway, yes I’ll check it out on the address you’ve provided. Thanks Mike. Chris.

  • If a recession started tomorrow, government action would be even worse than after the 2008 financial collapse. In 2018, opposition would easily be able to run on a platform of complete failure to act, in 2020 on a platform that after three years, the economy is still worse than when Donald took office.

  • Mark Aven

    That dude is looking for the wrong jobs. Blue collar industries are constantly looking for people. Bus drivers make up to $15 hour starting where I live. Bus drivers (greyhound and here trailways) going into the city make $22 an hour, and ‘were always looking, even when the economy crashed in 2008’ as one manager dude told me. Search in industries that need people desperately, make sure you’re willing to move into a house share to the city, in small town America jobs are dried up because of lack of manufacturing. Truck drivers can’t be outsourced, though, for example, look for blue collar jobs like that. They may take an initial investment of like $200-400, or you may have to sign a contract with a company. The government is giving out grants like candy right now to get into these fields in these areas they can’t fill (plumbing, car mechanic, truck drivers, welders). White collar jobs are on the downfall and are harder to get, you can make $30k your first year at many of these yard work jobs though. They will also make you stronger, and while you have it, learn a skill like accounting or something (another in demand field) if you want something that doesn’t risk your physical health. If you’re really desperate look for jobs that no one else wants to get you back on your feet, that includes housekeeping or janitorial cleaning jobs. That way you build up a work history. Apply for your next job WHILE you’re in the housekeeping/janitorial job, as it will look really good being in something like that. If you have to, wait 3 months then just say on your resume you’ve been at the crappy job for 6 months. Get food stamps if they’re not injecting people with rfid chips for it yet, also. Study the markets, there ARE opportunities everywhere, and never give up.

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