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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMorgan Stanley reading on economy collapses
https://www.msn.com/en-us/money/markets/a-morgan-stanley-reading-on-the-economy-collapses-by-the-most-ever/ar-AACQ4nu?ocid=spartanntpBiggest drop ever and lowest its been since 2008. Basically they indicate growth has stopped.
Been some bad indicators for several months. This is the worst yet and were likely going into a recession later this year.
edhopper
(33,587 posts)but if it means Trump loses, I'll take it.
Johnny2X2X
(19,067 posts)But his policies have made one inevitable.
Anyone who's tried to recreate a Bush bubble, gets a Bush crash.
Just ask Trump's BFF Macri in Argentina.
We're just lucky we have the Fed to bail us out of these GOPee debacles.
calimary
(81,322 posts)recoveries have an up and a down. The up part never sustains forever. Soon enough it inevitably starts sliding back down, equalizing or moderating. Wha goes up must come down. Its cyclical. I suspect thats why hes angling for war now. I think he knows he needs that poll boost that the wrong-wing mighty Wurlitzer will crank up to push public opinion to stand by our president. Were at war! We HAVE TO stand by OUR president!!!
I suspect he or his advisors or Brad Parscale remember what happened to dubya. A war last time silenced the bush/cheney critics - at least for awhile. And George the Second saw his poll numbers go way up. It was after 9/11 and Man-oh-Man did that boost his numbers. Almost the whole nation wanted to go kick somebodys ass internationally for what happened on September 11th. And dubya delivered. Bombing the crap out of Afghanistan and then beating the PR drums nonstop to spread it to Iraq. And then kept that war cranking as the clock ticked toward what he hoped would be his re-election. And it worked.
We got PLAYED. BIGTIME. And we have to hope we wont get fooled again. Maybe the MAGAts will allow themselves to get fooled. But the rest of us better not. And always remember: there are MORE of US than there are of the MAGAts. Thats why his numbers will NEVER grow higher than the mid-40s. Because the majority is NOT with him.
I bet hes betting that a war could change that.
sandensea
(21,639 posts)The inevitable result of putting brigands like Mnuchin, Cohn, and Kudlow in key economic policy posts.
Mr.Bill
(24,303 posts)rather than trying to fix or prevent this, will put all their efforts, strategy and skills into figuring out how to blame it on the Democrats.
sandensea
(21,639 posts)And if Biden wins next year, they'll try to create a crisis if they things are starting to look up again.
redstateblues
(10,565 posts)orleans
(34,060 posts)to blow his "fake news" dingy bell on his trike
bitterross
(4,066 posts)Trump needs to have this tied to his administration.
Johnny2X2X
(19,067 posts)As with all previous recessions under their watch, the Republicans will spend a solid year pretending it isn't happening, then they'll move immediately into "we have recovered and it was Dems fault we had a recession."
Right now, the timing is politically advantageous for Dems. The ads write themselves and the narrative can very easily be controlled. "The American people are smart, they know the first couple years of a presidency the economy is inherited, what we are seeing right now is the first report card on the Trump economy." Framing it that way would be devastating to Trump. Basically, the good economy we had was left over from the Obama policies, this is the Trump result, and that is mostly true. A recession right now would gut Trump of his only thing to brag about.
There is nothing to cheer about when a recession hits, good people are being harmed, their lives are being thrown into disorder and the most vulnerable will suffer. I do not want a recession, at all, period. But it looks like we are getting on, and the only way for it to be as shallow as possible is for the recession to be used to help get Trump out.
KY_EnviroGuy
(14,492 posts)if you have not ran out of free page views, LOL. They're a bit less alarmist but see some indicators that are concerning.
Tips for Spotting a U.S. Recession Before It Becomes Official
By Reade Pickert
June 15, 2019
See: https://www.bloomberg.com/news/articles/2019-06-15/tips-for-spotting-a-u-s-recession-before-it-becomes-official
(snip)
Recession fears ebbed Friday as solid retail sales suggested consumer spending remains healthy. But investors still expect a Federal Reserve interest-rate cut in July after other recent figures showed slower job gains and low inflation, while President Donald Trumps tariff threats weigh on businesses. And the chance of a recession over the next 12 months has risen to 30% from 25%, according to a June 7-12 survey of economists.
If you have the stomach for it, also see the article titled "Trump Warns of Epic Stock Market Crash If He's Not Re-Elected", as if anyone is going to hear his bullshit.
KY.......