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Lightning Knight
Feb 24, 2012

Pray for Answer

skylined! posted:

This is a weird take? There are a bunch of markets that are way over leveraged right now and when ‘the market’ crashes there will be another crazy whisperer cashing out and telling everyone ‘you should have listened to me about all those junk car loans’ or whatever.

It is hardly unexpected at this point though and we have a better than 20% chance it’s going to happen in the next six months.

I know but what I’m saying is that there’s been daily “the market is gonna crash soon!!!” takes in these threads since early 2017 and at this point I’ve given up on predicting when it’s actually gonna happen or why.

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Dapper_Swindler
Feb 14, 2012

Im glad my instant dislike in you has been validated again and again.

i know i am probably wrong but i feel like we are hitting the loving breaking point and shits gonna get really bad pretty loving soon. like trump has run out of good will with everyone including the GOP.

Dapper_Swindler
Feb 14, 2012

Im glad my instant dislike in you has been validated again and again.

skylined! posted:

This is a weird take? There are a bunch of markets that are way over leveraged right now and when ‘the market’ crashes there will be another crazy whisperer cashing out and telling everyone ‘you should have listened to me about all those junk car loans’ or whatever.

It is hardly unexpected at this point though and we have a better than 20% chance it’s going to happen in the next six months.

yeah, i think we will probaly hit a recession or something like that soon, but with trump in office, i feel like he will make something like that and make it worse.

pokie
Apr 27, 2008

IT HAPPENED!


Why are you posting this? Also WTF?

haveblue
Aug 15, 2005



Toilet Rascal

Dapper_Swindler posted:

i know i am probably wrong but i feel like we are hitting the loving breaking point and shits gonna get really bad pretty loving soon. like trump has run out of good will with everyone including the GOP.

It’s not so much that he’s run out of good will it’s that he’s about to start hurting all of America in instantly tangible and painful ways, including the rich and powerful who have tolerated him because he’s only hurt others so far.

Shimrra Jamaane
Aug 10, 2007

Obscure to all except those well-versed in Yuuzhan Vong lore.
Trumps going to declare that all international trade is stopped until we figure out what’s going on.

And then when Shucks tries to say that he’s not being literal he’ll do another “I poo poo MY PANTS ON PURPOSE”

Skippy McPants
Mar 19, 2009

Dapper_Swindler posted:

i know i am probably wrong but i feel like we are hitting the loving breaking point and shits gonna get really bad pretty loving soon. like trump has run out of good will with everyone including the GOP.

Eh they ran out of good will ages ago, before the midterms even. Until GOP legislators start opposing him on actual policy the Rubicon feels uncrossed.

A GIANT PARSNIP
Apr 13, 2010

Too much fuckin' eggnog


Can't wait for the market to crash and for Trump to crank the immigrant hating up to 11 in response.

Shimrra Jamaane
Aug 10, 2007

Obscure to all except those well-versed in Yuuzhan Vong lore.

Skippy McPants posted:

Eh they ran out of good will ages ago, before the midterms even. Until GOP legislators start opposing him on actual policy the Rubicon feels uncrossed.

It feels like they’re much less patient with him.

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

Jealous Cow posted:

That’s what’s so strange about this. Wouldn’t there have been other signs if things were literally about to collapse?

No, not really. Part of the reason that recessions are so unpredictable is that even though risk factors in the economy are often identifiable, it's basically impossible to determine before the fact which ones are bad enough to cause systemic issues when they go off. It's like the joke about how everyone who's about to get laid off is 100% certain that their job is secure, no matter how bad things get. There's truth it to because you never really know why things are going to poo poo until they go to poo poo.

Another way to look at it is that most economic indicators tend to be good right up until they aren't. It's counter intuitive, but the economy running well is a reasonably good sign that a recession is on the horizon.

Shifty Pony
Dec 28, 2004

Up ta somethin'


haveblue posted:

Pornhub probably cannot determine which of the dozens of desktop computers in the White House made the request (if they can, someone in the federal IT department hosed up bad).

I strongly suspect that the personal internet for the White House residence is tunneled through a VPN to some random exit point.

Shifty Pony
Dec 28, 2004

Up ta somethin'


Lightning Knight posted:

I know but what I’m saying is that there’s been daily “the market is gonna crash soon!!!” takes in these threads since early 2017 and at this point I’ve given up on predicting when it’s actually gonna happen or why.

The administration saying "nothing to see here" being the trigger would be pretty hilarious though.

Taerkar
Dec 7, 2002

kind of into it, really

Lightning Knight posted:

I know but what I’m saying is that there’s been daily “the market is gonna crash soon!!!” takes in these threads since early 2017 and at this point I’ve given up on predicting when it’s actually gonna happen or why.

The big concerns are as follows:

a) we're kind of overdue for a downturn
b) the recovery from 2008 was a false recovery in many ways
c) the people in positions to deal with a sharp downturn have views that are not good for handling downturns
d) Trumpybrains is President.

As such it would be probably best to get us over that cliff quickly than to draw it out any further because it's not going to get any better.

Taerkar fucked around with this message at 01:21 on Dec 24, 2018

cheetah7071
Oct 20, 2010

honk honk
College Slice
Economists are just pundits with a graduate degree so predicting anything but the broadest of trends is out of their reach

CannonFodder
Jan 26, 2001

Passion’s Wrench

Pakled posted:

I read that all along the chain of command, they have frequent nuclear drills where they don't tell the people involved that it's a drill until it's over, so in the event of a real nuclear launch, it's indistinguishable from a drill.
Something close to this happened on 9-11. Luckily it was a planned drill where everyone knew it was planned, and then things went pear shaped.

https://www.politico.com/magazine/story/2016/09/were-the-only-plane-in-the-sky-214230

Lt. Gen. Tom Keck, commander, Barksdale Air Force Base, Shreveport, La.: I was the commander of the 8th Air Force. We were in the midst of this big annual exercise called GLOBAL GUARDIAN. They loaded all the bombers, put the submarines out to sea, put the ICBMs at nearly 100 percent. It was routine, you did it every year.
A captain tapped me on the shoulder and said, “Sir, we just had an aircraft hit the World Trade Center.” I started to correct him, saying, “When you have an exercise input you have to start by saying, ‘I have an exercise input.’ That way it doesn’t get confused with the real world.” Then he just pointed me to the TV screens in the command center. You could see smoke pouring out of the building. Like everyone else in aviation that day, I thought, “How in a clear-and-a-million day could someone hit the World Trade Center?”

Then later when Air Force One landed at Barksdale AFB in Shreveport LA, home of the nuke capable B-52s (and I have seen many B-52s making maneuvers over the area and they look pretty dang close when they are in a landing pattern and flying over I-20)

Brian Montgomery: As soon as we landed, Mark Rosenker [director of the White House Military Office] and I went off the back stairs. There’s this guy who looks like General Buck Turgidson from Dr. Strangelove, big guy, all decked out in a bomber jacket. He was straight out of central casting. We said, “What do you need?” He said, “See those planes? Every one is loaded with nukes—tell me where you want ’em.” We look over and there are just rows of B-52s, wingtip to wingtip. I joked, “Gosh, don’t tell [the president!].”

empty whippet box
Jun 9, 2004

by Fluffdaddy

A hahaha this is a loving Republican senator and not a rando leftist Twitter troll, fucken lol

Kai Tave
Jul 2, 2012
Fallen Rib

empty whippet box posted:

A hahaha this is a loving Republican senator and not a rando leftist Twitter troll, fucken lol

On the one hand it's kind of funny, but on the other hand what has Bob Corker actually done to push back against Trump and his policies beyond the occasional twitter burn?

PhazonLink
Jul 17, 2010

A GIANT PARSNIP posted:

Can't wait for the market to crash and for Trump to crank the immigrant hating up to 11 in response.

wouldnt 11 be lower though?

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

Taerkar posted:

The big concerns are as follows:

a) we're kind of overdue for a downturn
b) the recovery from 2008 was a false recovery in many ways
c) the people in positions to deal with a sharp downturn have views that are not good for handling downturns
d) Trumpybrains is President.

As such it would be probably best to get us over that cliff quickly than to draw it out any further because it's not going to get any better.

He's not wrong, though. "Recession next year, probably" has been a basically reasonable statement since around 2016. This is the second longest expansion in US history. If it continues through 2019 then it'll take the record, so people really have been saying that it's right around the corner for a while.

Slow News Day
Jul 4, 2007

Shimrra Jamaane posted:

So is the economy about to crash?

I loving hope so.

Taerkar
Dec 7, 2002

kind of into it, really

Paradoxish posted:

He's not wrong, though. "Recession next year, probably" has been a basically reasonable statement since around 2016. This is the second longest expansion in US history. If it continues through 2019 then it'll take the record, so people really have been saying that it's right around the corner for a while.

Not saying that he is wrong, more of why the expectation is for a downturn soon. Assuming if course that we're not actually already in one that's been hidden by the corporate tax cuts and stock buybacks.

A GIANT PARSNIP
Apr 13, 2010

Too much fuckin' eggnog


empty whippet box posted:

A hahaha this is a loving Republican senator and not a rando leftist Twitter troll, fucken lol

Yeah Corker has done absolutely nothing to counter Trump but at least in his final month as a senator he laid out a sick twitter burn!

cheetah7071
Oct 20, 2010

honk honk
College Slice
The problem with all these very concerned republican senators is that they actually agree with Trump on basically everything (and especially on everything relevant to how they vote), they just don't like him personally

Z. Autobahn
Jul 20, 2004

colonel tigh more like colonel high

cheetah7071 posted:

The problem with all these very concerned republican senators is that they actually agree with Trump on basically everything (and especially on everything relevant to how they vote), they just don't like him personally

This isn't entirely true; a lot of them disagree with him on trade wars and foreign policy, and those are the issues that have been flaring up recently.

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

Taerkar posted:

Not saying that he is wrong, more of why the expectation is for a downturn soon. Assuming if course that we're not actually already in one that's been hidden by the corporate tax cuts and stock buybacks.

Nah, recessions are usually defined by negative GDP and employment growth. I don't think you could really cover up the economy being in recession without a widescale conspiracy to fudge economic reports.

TulliusCicero
Jul 29, 2017



Shimrra Jamaane posted:

I’m just wondering what terrible knee jerk decisions Trump will make to try and fix things if the economy really begins to collapse. What crazy rear end poo poo will he tweet? “I HAVE ORDERED THE TREASURY TO PRINT TWO THREE TIMES AS MUCH MONEY! ALL ONE DOLLAR BILLS ARE NOW WORTH TWENTY. MAGA”

Hyperinflation solves the student loan debt crisis; hooray! :shepface:

zenguitarman
Apr 6, 2009

Come on, lemme see ya shake your tail feather



This is fine.

CubanMissile
Apr 22, 2003

Of Hulks and Spider-Men
Imagine if your angry grandpa could just start threatening to replace the fed chairman every time his investments lost money.

Otteration
Jan 4, 2014

I CAN'T SAY PRESIDENT DONALD JOHN TRUMP'S NAME BECAUSE HE'S LIKE THAT GUY FROM HARRY POTTER AND I'M AFRAID I'LL SUMMON HIM. DONALD JOHN TRUMP. YOUR FAVORITE PRESIDENT.
OUR 47TH PRESIDENT AFTER THE ONE WHO SHOWERS WITH HIS DAUGHTER DIES
Grimey Drawer

evilweasel posted:

so is the admin trying to start a panic to get a recession now in the hopes it’s over by 2020 or what

i mean why are they TRYING to create a run on the banks

CLEARLY the fecal smudge is bored and there's no news on fox, so he found a movie currently running on the cable, and told treasury to "fix it":

https://www.youtube.com/watch?v=EOzMdEwYmDU

Nonsense
Jan 26, 2007

When will Dershowitz threaten to leave the party again like he did over Ellison? Before or after he's found guilty of child rape?

CannonFodder
Jan 26, 2001

Passion’s Wrench

ZypherIM posted:

Oh god, how much of his executive time is watch porn. I feel physically ill now.
It's the window between the end of Fox and Friends and the start of his work day of ignoring the daily briefing at the crack of noon.

Gatts
Jan 2, 2001

Goodnight Moon

Nap Ghost
Since Reagan this poo poo has been a sort of endgame of Conservatives. Dismantle and weaken the Federal Government for their cronies to make a buck. It was impossible to reason with Republican posters and conservatives around 2000 after 9/11 and now we are at the bed they made. All this corruption and problems come through their end, easily manipulatable and influenced dupes. Putin controlled President with a financial and possible literal nuclear option at his fingertips to spite.

Conservatives are really the American Taliban. Hail Bernie, hail AOC, the only way to send things in the right direction inching along the way to sanity and away from the rear end end conservatives have dragged things to.

And they still will not be open to reason and sense and offer up a whole lot of bullshit. America’s problems are not just foreign, it is them and they are local.

SneezeOfTheDecade
Feb 6, 2011

gettin' covid all
over your posts
Canada is making their money gay! :gay: :byodood:

Meet Dermophis donaldtrumpi, a blind, burrowing amphibian that "has a propensity for burrowing its head in the ground".

SneezeOfTheDecade fucked around with this message at 02:22 on Dec 24, 2018

Eggplant Squire
Aug 14, 2003


I don't see how they are less patient. They literally are shutting down the government because of an asinine and wasteful promise they know is bullshit when they could have just passed the clean CR.

Republicans say a lot of poo poo but they will go down with the Trump train to the end and then pretend they were defenders of the country a second later.

AmiYumi
Oct 10, 2005

I FORGOT TO HAIL KING TORG

Shimrra Jamaane posted:

It feels like they’re much less patient with him.
The US government is literally shut down as we speak because they were afraid of making baby mad and didn’t vote until they knew which way he wanted them to

sounds pretty fuckin’ patient

mcmagic
Jul 1, 2004

If you see this avatar while scrolling the succ zone, you have been visited by the mcmagic of shitty lib takes! Good luck and prosperity will come to you, but only if you reply "shut the fuck up mcmagic" to this post!

zenguitarman posted:

This is fine.

It really is fine. In most of those cases, it's career civil service folks doing those jobs who are preferable to 100% of Trumpist appointments.

Solkanar512
Dec 28, 2006

by the sex ghost

enraged_camel posted:

I loving hope so.

Why do people say poo poo like this? Acceleration isn’t the answer.

Nonsense
Jan 26, 2007

Solkanar512 posted:

Why do people say poo poo like this? Acceleration isn’t the answer.

Because Kevin O'Leary needs to eat poo poo, hope this illuminates things.

Mantis42
Jul 26, 2010

It's not accelerationism if the poor are hosed either way.

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Jaramin
Oct 20, 2010


Solkanar512 posted:

Why do people say poo poo like this? Acceleration isn’t the answer.

I generally agree. But I think since a recession/depression is all but inevitable, I would rather it happen on the Republican's watch. Since their policies will be responsible for it, so they can't punt the blame on the next hopefully Democratic administration, and so that administration has a larger majority.

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