Dimon predicts a new recession...

[RED]

Now just why is that news? Since 1960 there has been at least 7 recessions, 1960, 1969, 1973, 1980, 1990, 2001, 2009. That equals about 1 recession every eight years. So why would anybody not think that a recession is due sometime soon?

https://nypost.com/2019/10/15/jpmorgan-chase-ceo-jamie-dimon-warns-theres-a-recession-ahead/

[lyman]

there are articles out there on the web that various organizations are thinking of causing some inflation, collapse, recession etc (seems to vary by the amount of tinfoil in each hat) to help put Trump on the street after the next election

[m1ashooter]

This is why my monies in the bank right now. We are bound for a correction.

[Allen]

It was predicted and announced many times before the 2016 election that regardless of who won we were due for a recession.

Of course if and when that happens it will be Trumps fault even if he isn't in office at that time.

[Sandpebble]

It was predicted and announced many times before the 2016 election that regardless of who won we were due for a recession.

Of course if and when that happens it will be Trumps fault even if he isn't in office at that time.

Well... that would only be fair ... wouldn't it ? .... since the last recession was blamed ...here ... on Obama even though it was in full swing 18 months prior to his election .... just an observation

[lyman]

well at least Bush gets a break,, unless it is his fault too

[dogtag]

If you listen hard enough, you can hear the democrats praying for one.

[Vern Humphrey]

Bill Maher says the way to get rid of Trumps is to bring on a recession. He's sorry if anyone gets hurt, but it has to be.

[RED]

Well... that would only be fair ... wouldn't it ? .... since the last recession was blamed ...here ... on Obama even though it was in full swing 18 months prior to his election .... just an observation

That just shows how stupid you are. NOBODY said the recession was caused by Obama, but you and all the Stooges blamed Bush, when, in reality and according to history the 2008 recession was due to economic issues that Bush was not responsible for nor could change or alter.

Lie, lie, lie, that's all you all you jackasses can come up with. When Trump carries 47 of the 50 states and gets 500 (+/-) Electoral College votes you are going to have to get in your safe room and cry like the baby you are.

[togor]

Red,

Art Laffer, the crackpot economist who is the guru of supply side economics and a darling of fat cats everywhere, blames Obama. His reasoning is that at the beginning of 2008, Obama started getting popular and spooked the markets. None of the factors you and others cite, particularly the underwater balance sheets of major financial institutions, gets mention. This is pretty much on par with every other Laffer opinion.

https://www.newsweek.com/fox-news-ec...-start-1403617

[dryheat]

HEE-HAW HEE-HAW HEE HAW

No, Obama didn't cause a recession. He didn't fix it either. It fixed itself. They always do. People cause recessions. Stupid greedy people. The actuary table caused the Big One and the several before. Actually business and investment cause recessions, people just fall for it because they are mindless. Like they say in that Viking program; A recession is coming. But most folks merrily row their boats towards the falls.
Here's a fun scenario to play out: It's 2007 and Trump is president. Does he sound the alarm and side with Greenspan that there is excessive exuberance in the marketplace? Does he care about how foolish the citizenry is?
Of course not everyone got hurt 2008- onward. Just the kind of folks I hang with. Actually, I could have made a bunch of money on it; I have stellar credit. I was taking in two incomes. Single no kids. No debt. I should have bought that mansion for half price, but I'm kind of lazy.

[Sandpebble]

That just shows how stupid you are. NOBODY said the recession was caused by Obama, but you and all the Stooges blamed Bush, when, in reality and according to history the 2008 recession was due to economic issues that Bush was not responsible for nor could change or alter.

Lie, lie, lie, that's all you all you jackasses can come up with. When Trump carries 47 of the 50 states and gets 500 (+/-) Electoral College votes you are going to have to get in your safe room and cry like the baby you are.

Well... I'm sorry Red... but if you "read" the posts here at Culvers you will see there is no end of statements of how the Dems destroyed our economy.... and Obama in particular .

Go back.. read the posts .... but the fact still remains that the most hurtfull recession since the 1920s started 18 months before Obamas election .... sorry... not lying.

Worst thing is that the Republicans blamed Obama for supervising " The slowest economic recovery ever " ..... wow.... that takes balls.

Sorry Red.... Bush was no hero . Personally I started to truly prosper {again} and become a real conservative minded American... as in independent, depend on no one, personally responsible, self employed citizen two years prior to Trumps electon.

Now.... as a small business owner I must confess that Trumps tax break promise sounded good.... reality is that over the last 2 years my income has dropped .... business costs have risen 17 %... the taxes I paid were actually more this year than 2 years ago even with diminished income due to "new regulations " ..... that were also supposed to be less.....

My medical insurance informed me 2 months ago that my "huge" deductable was going to increase by $500 per annum . Letter came in the mail today about my medical insurance premiums rising another $89 a month .... another campaign promise down the tubes.....

But... on the other hand.... we've stopped some Guatamalans from crossing the border so what am I bitching about

[togor]

Here's a fun scenario to play out: It's 2007 and Trump is president. Does he sound the alarm and side with Greenspan that there is excessive exuberance in the marketplace? Does he care about how foolish the citizenry is?

Alternative reality scenarios can be fun. Dropping Trump into difficult moments in history and guessing how he would do is a great game.

Trump University got off the ground in 2005 and went kaput in 2010. The Trump Shuttle ran from '89 to '92. So there is a track record of being late to the party. I remember that in the fall of 2008 people were genuinely afraid that the big pillars in the financial system would fall and knock out everything underneath them. Obama got elected in my opinion in part because people thought he would keep his head better than McCain. It's hard to imagine a 70-something Donald with his wild talk getting elected in 2008 when it's a financial SHTF moment.

[Allen]

HEE-HAW HEE-HAW HEE HAW

No, Obama didn't cause a recession. He didn't fix it either. It fixed itself. They always do. People cause recessions. Stupid greedy people. The actuary table caused the Big One and the several before. Actually business and investment cause recessions, people just fall for it because they are mindless. Like they say in that Viking program; A recession is coming. But most folks merrily row their boats towards the falls.
Here's a fun scenario to play out: It's 2007 and Trump is president. Does he sound the alarm and side with Greenspan that there is excessive exuberance in the marketplace? Does he care about how foolish the citizenry is?
Of course not everyone got hurt 2008- onward. Just the kind of folks I hang with. Actually, I could have made a bunch of money on it; I have stellar credit. I was taking in two incomes. Single no kids. No debt. I should have bought that mansion for half price, but I'm kind of lazy.

Agree on it fixing itself but obama extended it with his giveaway stunts like cash for junkers. He bailed out GM, Chrysler and Nissan. GM I was OK with but Chrysler and Nissan are foreign owned companies that shouldn't have received U.S. dollars. The biggest mistake was bailing out the banks---they are the main ones that caused the recession with their easy loans, often not even checking the borrowers ability to pay.

It all began while RINO Bush was in office of course but obama made it worse and caused it to last longer than it should have.

I guess all of us could kick ourselves on foreclosed house deals that we could have doubled or tripled our money on within 2 or 3 years but, at the time, the future was very uncertain and we didn't know if things were going to get worse or never recover.

Hindsight is 20/20 vision now. We probably have another recession coming up and it's predicted to be bigger. Will we buy any of the deals next time or will we be haunted by the same instinct to not take the risk?

[Vern Humphrey]

Hindsight is 20/20 vision now. We probably have another recession coming up and it's predicted to be bigger. Will we buy any of the deals next time or will we be haunted by the same instinct to not take the risk?

Go long on cash, and be prepared to take advantage of bargains.