A Recession on the Way?

Discussion in 'The Red Room' started by Steal Your Face, Jan 15, 2022.

  1. Steal Your Face

    Steal Your Face Anti-Federalist

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    I've been hearing a lot of talk about a coming recession lately. Some Youtubers were talking about it last year and now some media outlets are starting to pick up on it as well Before Dicky screams at me about Youtubers telling me what to think, I've been saying for a while now that we were overdue for a bubble burst.

    The Mises Institute had an article about a looming recession a couple of days ago and coincidentally on the same day Breaking Points talked about it as well.

    Here's what The Mises Institute said:
    More at the link.
    https://mises.org/wire/money-supply-grew-november-bigger-trend-way-down

    The Hill reports that a majority of Americans think a recession is coming in the next year which is also when The Mises Institute predicts it.
    https://thehill.com/hilltv/what-ame...f-american-believe-the-us-will-hit-a-economic

    We did just hit 7% inflation which is the highest it's been if forty years and the interest rates are at a historic lows. You know what had to happen in the 80s when inflation was so high, interest rates increased significantly. Now I've been saying we should do this for years because low interest rates just rewards debtors and creditors while punishing savers, but I'm not in charge of shit. The interest rates are artificially low and now the Fed chairman is planning making a move to stop the gravy train. What do you think is going to happen when he does that? @Order2Chaos what say you?

    Discuss.
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  2. MikeH92467

    MikeH92467 RadioNinja

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    You're hoping so, aren't you? God forbid the economy should do well (as it historically has) under a Democrat president. I predict that there will be a lot of
    :lalala:
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  3. Diacanu

    Diacanu Comicmike. Writer

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    Nope, I was just gonna do this.

    *snicker*
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  4. Steal Your Face

    Steal Your Face Anti-Federalist

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    I fully expected the peanut gallery to chime in. I await the non-clowns.
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  5. 14thDoctor

    14thDoctor Oi

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    What exactly does a recession mean in the context of so many deaths, so many folks disabled, "the great resignation," and insane profits for the 1% over the last two years?

    Honest question.
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  6. mburtonk

    mburtonk mburtonkulous

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    I'm not worried about inflation causing anything (month over month is slowing quite a bit), but the numbers can't always go up. :clyde:
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  7. Ancalagon

    Ancalagon Scalawag Administrator Formerly Important

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    Until the Trump Recession the Obama Recovery was setting a record every day for longest boom in US history. Maybe that was a one off or maybe we are settling into a period of low-to-moderate but stable growth.
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  8. mburtonk

    mburtonk mburtonkulous

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    I'm OK with stable growth, it's just that I don't trust the financial speculation markets to avoid being hooligans again.
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  9. Steal Your Face

    Steal Your Face Anti-Federalist

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    Yep.
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  10. Bailey

    Bailey It's always Christmas Eve Super Moderator

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    It's quite possible, but I think it's hard to tell right now. Covid has caused a lot of disruptions, so what we're seeing isn't part of the standard economic cycles.
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  11. Rimjob Bob

    Rimjob Bob Classy Fellow

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    The economy is cyclical, so strictly speaking a recession is always on the way.

    Unfortunately we seem to be back in the 70s and 80s with high inflation, supply shocks, and aggressive swings in the markets.
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  12. The Original Faceman

    The Original Faceman Lasagna Artist

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    Hopefully @Federal Farmer will be able to keep his minimum wage dishwasher job during the next recession!
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  13. Steal Your Face

    Steal Your Face Anti-Federalist

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    Hopefully you can keep your job as a professional liar lawyer.
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  14. Ten Lubak

    Ten Lubak Salty Dog

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    I hope we’re in for another recession, my company did some great numbers during the last one
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  15. The Original Faceman

    The Original Faceman Lasagna Artist

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    I make your monthly salary in a few days. I’m
    Sure I’ll survive.
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  16. Steal Your Face

    Steal Your Face Anti-Federalist

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    You have no clue what my monthly salary is.
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  17. Bickendan

    Bickendan Custom Title Administrator Faceless Mook Writer

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    $2600?
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  18. Ten Lubak

    Ten Lubak Salty Dog

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    $7.25 x 8 x 5 x 4 = $1160

    Although it’s tough to imagine anyone wanting you around full time, you’d give aspirin a headache
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  19. matthunter

    matthunter Ice Bear

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    Ignores his "pocket money" from Uncle Bob.
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  20. Minsc&Boo

    Minsc&Boo Fresh Meat

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    works at hospital federla farmer does
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  21. Fisherman's Worf

    Fisherman's Worf I am the Seaman, I am the Walrus, Qu-Qu-Qapla'!

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    If Joe Rogan said it, it must be true.
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  22. Steal Your Face

    Steal Your Face Anti-Federalist

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    As Biden continues to claim that the economy is doing great, there are more indications that a recession is eminent.
    More.
    https://www.cnbc.com/2022/06/07/fed...omy-could-be-on-the-brink-of-a-recession.html
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  23. T.R

    T.R Don't Care

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  24. Jenee

    Jenee Driver 8

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    Only for morons who don't understand what's happening.

    Gas, food, rent, etc. have all increased normally along with the GDP. Worker wages, on the other hand have been stagnant for 40 years. The issue isn't higher costs, it's low wages.
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  25. Ten Lubak

    Ten Lubak Salty Dog

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    Gas rising 55% in less than a year is not "increasing normally"
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  26. Jenee

    Jenee Driver 8

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    No, not in less than a year. But, over the course of 40 years, it's about right.
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  27. Ten Lubak

    Ten Lubak Salty Dog

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    Show your work
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  28. Steal Your Face

    Steal Your Face Anti-Federalist

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    Highest inflation in forty years has nothing to do with it. 45337365-2000-4A9E-AC9F-E49AD4935556.gif
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  29. TheLonelySquire

    TheLonelySquire Fresh Meat

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    Her field is load management, not mathematics.
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  30. Steal Your Face

    Steal Your Face Anti-Federalist

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    She doesn’t know much about economics.
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