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Global Depression In The Near Future?


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Guest sibon
10 minutes ago, melthebell said:

Somebody on another forum has said the US Dollar is close to collapse, not seen anything of that nature myself though, anybody got any info?

I think you have £ and $ muddled up, Mel.

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The US, China and Russia, and even my adopted country DR can survive international ecomic chaos. At least better than most.

 

They have the basic natural resources to feed and clothe their people.

 

As to whether we are headed into a recession, economists are divided. As usual, along Party lines.

 

Analysis: Biden Sees Booming Economy, but Many Americans ...

https://www.nytimes.com › biden-economy-growth-jobs

Dec 10, 2021 — The president has struggled to sell strong growth and job gains to a public that appears more concerned about rising prices — and remains ...

 

The Biden Boom: Economic Recovery in 2021 - Center for ...

https://www.americanprogress.org › article › the-biden-...

Jan 19, 2022 — President Joe Biden took office one year ago amid one of the worst ... of seeing economic benefits accrue to the wealthy and corporations.

 

Biden's Economic Performance Has Proved Unbeatable - The ...

https://www.washingtonpost.com › business › 2021/12/20

Dec 20, 2021 — GDP growth in every incoming administration during the past four decades never exceeded 2.74% until 2021. Biden is now positioned to surpass ...

 

And FoxNews:

 

Recession is looming, if it hasn't started already - Fox News

https://www.foxnews.com › media › recession-looming-in...

Jun 1, 2022 — FOX Business correspondent Jackie DeAngelis says a recession is likely looming as Americans face record-high gas prices and rising consumer ...

 

Levin declares US recession, blames 'Democrats' invasion of ...

https://www.foxnews.com › media › biden-recession-depr...

May 19, 2022 — President Biden has ushered in a recession, Mark Levin said on "Hannity."

 

US economy could be headed toward recession, economist ...

https://www.foxbusiness.com › economy › global-econo...

May 27, 2022 — US economy could be headed toward recession, economist warns: '100% odds' of global slowdown. Rising interest rates and soaring inflation ...

 

So is it all just a matter of Opinion?

 

Officially a Recession is considered to be 2 successive quarters of negative GDP. So far we have only one. So the data for the quarter ending June 2022, will either confirm or not!

 

But with record trade deficits, record National Debt, record inflation, record low consumer confidence in the the economy, and the current Administration, the once highly touted Biden stock market in tatters,  and a major war in Europe, it is clear therewill be bumpy times ahead.

 

Fasten your seat belts!  :)

 

And don't believe all you read!

 

Stuff like this gets old quickly!

 

Biden economy and stock market have defied Trump ...

https://www.washingtonpost.com › 2021/04/22 › trump...

Apr 22, 2021 — As economy spikes, Republicans are still waiting for the 'Biden depression' that Trump predicted. Stock market 'collapse' also has yet to ...

Edited by trastrick
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Scientists have accidentally bred Super-Intelligent Yogurt, and it hungers for World domination.

A group of scientists have mutated Yogurt by fermenting bacteria, initial tests failed, but then a female researcher took the fermented bacteria home for her homemade Yogurt, where it became sentient.....

 

The Yogurt asks to meet World leaders , claiming it has the solutions to the Worlds problems, as payment the Yogurt demands control over the USA.

The Worlds leaders initially laugh at the offer, but accept when the Yogurt threatens to go to China..

Soon the Yogurt gives the President a plan to eradicate the Worlds problems, warning him that any deviation will be catastrophic..

The President cannot help but deviate, and the global economy soon collapses. In desperation, the government gives the Yogurt supreme executive power over the opposition.

A decade later, humans live prosperous lives under the Yogurts reign, then the Yogurt suddenly decides to initiate space launches, leaving us humans to fend for ourselves again.......

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8 hours ago, trastrick said:

As to whether we are headed into a recession, economists are divided. As usual, along Party lines.

Do you copy and paste this nonsense from somewhere else? That might explain the pretend links that really aren't - you don't actually know the articles your selective quotes come from.

 

Anyway, you've compared articles from before Putin invaded Ukraine putting forward one position with others from less than a month ago putting forward another. It's not surprising the impact of the war has changed the economic outlook. Did you think we wouldn't notice that?

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58 minutes ago, Padders said:

Scientists have accidentally bred Super-Intelligent Yogurt, and it hungers for World domination.

A group of scientists have mutated Yogurt by fermenting bacteria, initial tests failed, but then a female researcher took the fermented bacteria home for her homemade Yogurt, where it became sentient.....

 

The Yogurt asks to meet World leaders , claiming it has the solutions to the Worlds problems, as payment the Yogurt demands control over the USA.

The Worlds leaders initially laugh at the offer, but accept when the Yogurt threatens to go to China..

Soon the Yogurt gives the President a plan to eradicate the Worlds problems, warning him that any deviation will be catastrophic..

The President cannot help but deviate, and the global economy soon collapses. In desperation, the government gives the Yogurt supreme executive power over the opposition.

A decade later, humans live prosperous lives under the Yogurts reign, then the Yogurt suddenly decides to initiate space launches, leaving us humans to fend for ourselves again.......

Hmmm... :huh:


Try telling that to the lactose intolerant, Mr Padders! :confused:

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12 hours ago, altus said:

Do you copy and paste this nonsense from somewhere else? That might explain the pretend links that really aren't - you don't actually know the articles your selective quotes come from.

 

Anyway, you've compared articles from before Putin invaded Ukraine putting forward one position with others from less than a month ago putting forward another. It's not surprising the impact of the war has changed the economic outlook. Did you think we wouldn't notice that?

They are not "pretend links", amigo.

 

They are varied economic views and predictions of the US economy, "then and now", from page one  results of a simple  Google search.

 

Sorry if it's confusing to you. Just insert the article heading into a Google window, and bingo!

 

But if you find that too onerous,  will post the links for you, if you request (politely)  :)

 

It is not surpising at all that economic predictions, change in the face of real time events. What is of note is that some are reluctant to adjust their economic outlook to reality.

 

Economists, are in the business of flogging their opinions to those who will listen.

 

If they had a real crystal ball, they wouldn't have to. :)

 

 

 

Edited by trastrick
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16 hours ago, Padders said:

Scientists have accidentally bred Super-Intelligent Yogurt, and it hungers for World domination.

A group of scientists have mutated Yogurt by fermenting bacteria, initial tests failed, but then a female researcher took the fermented bacteria home for her homemade Yogurt, where it became sentient.....

 

The Yogurt asks to meet World leaders , claiming it has the solutions to the Worlds problems, as payment the Yogurt demands control over the USA.

The Worlds leaders initially laugh at the offer, but accept when the Yogurt threatens to go to China..

Soon the Yogurt gives the President a plan to eradicate the Worlds problems, warning him that any deviation will be catastrophic..

The President cannot help but deviate, and the global economy soon collapses. In desperation, the government gives the Yogurt supreme executive power over the opposition.

A decade later, humans live prosperous lives under the Yogurts reign, then the Yogurt suddenly decides to initiate space launches, leaving us humans to fend for ourselves again.......

Been watching the “Love, death and robots “ series on Netflix by any chance?

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