A Recession on the Way?

Interesting article forwarded to me. I checked on the interactive media chart. It falls in the category of “skews left” and “high analysis/opinion content”. Basically, anything said here. https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/

The interesting part was

And

The abortion thing has nothing to do with “pro life”, it has to do with a high population of poor people.

You know Black Rock, the huge investment firm? They're predicting a recession the likes of which we haven't seen before.

A lot more at the link.
https://markets.businessinsider.com...market-analysis-2023-economic-outlook-2022-12
What I think is needed, and I've said this before, massive cuts in government spending, interest rates need to go into the teens, massive tax cuts across the board for the vast majority of Americans making $250K and bellow, cut off illegal immigration, expand legal immigration, and of course the two things that won't be done, but should be done is shrink the size and scope of the Federal government and return to sound money.

When was the last time a sharp curve toward austerity policies resulted in an economic boom?

"As Barack says, it's a three letter word, jobs, JOBS." Joe Biden.

The jobs report is in and payrolls increased, but not as high as expected. The great resignation is over, should have gotten that $15 an hour minimum wage when he had the chance.
https://www.cnbc.com/2023/07/07/jobs-report-june-2023-.html

$15/hour minimum wage was the goal over a decade ago. More realistically it should be $20-$25.

By how much has the jobs report been revised in each of the past 12 months after the 2nd month?

Hey, since Joe Biden's economy is still stubbornly refusing to collapse, FF has to find something to spin as bad news.

Last time I checked, not meeting key goals in multiple areas is not a good thing.

"There are more jobs, but not as much as the Dow Jones consensus estimate predicted." Yeah, that's dire.

The economy doing well under a Democratic president really chaps your ass, doesn't it? Even though economic performance has consistently been stronger under Democrats than Republicans for decades, so it really shouldn't be a surprise.

Which key goals in what key areas?

Please be specific.

I believe he's trying to claim that the Dow Jones consensus estimate is the same as the Biden administration setting a goal.

Do you really think the kid is that stupid?

Do you really think he's smarter than that?

Do we really have to go through this every month? We just had a similar conversation literally a month ago.
http://wordforge.net/index.php?posts/3480002/
Then there's this. That would be the Federal Reserve doing the predicting here.

https://mises.org/wire/truth-about-bidenomics-more-debt-more-inflation

Which key goals in what key areas?

Please be specific.

I already answered your question, I'm not repeating myself.

No.

You didn’t.

You completely failed to answer the question.

You didn’t even list a single general goal of the Biden admin much less a specific one.

Federal Farmer - January 15, 2022:

Federal Farmer, July 11, 2023:

Echoing this from the Dark Brandon thread for the lulz.

The economy will be collapsing any day now, I just know it!

Our credit rating got downgraded. Dark Brandon rising!
https://amp.cnn.com/cnn/2023/08/02/business/fitch-defends-us-credit-downgrade/index.html

FF & UA want millions of people to die so fucking bad.
They're not in a doomsday cult though.
Perish that thought!

Why did it get downgraded?

Try reading the article I posted.

I’m sure you read the whole thing and not just the headline. So give us a little summary please.

US. Bankruptcies are on the rise. Dark Brandon rising!
https://www.foxbusiness.com/economy/us-bankruptcy-filings-surge-first-half-2023

No. Read the article yourself.

I read the whole thing.

Did you?

Why can’t you tell us what Fitch is saying caused the downgrade?

Then you don’t need me to tell you what the reason was.

Tell the rest of the class.
In front of the chalkboard.
With your erection.