- “Economists now fear major recession likely starting this year”
https://www.cnbc.com/amp/2024/08/23/us-recession-is-coming-and-a-few-rate-cuts-wont-prevent-it-strategist.html?Recession2024
Cisco 2024 LR is just the beginning it appears.
12 replies (most recent on top)
If you were being honest and had basic reading skills you would have noticed what you quoted missed the following half of the whole sentence
It's ok, he works for CNN
> There is no such thing as "good economic policies"
Either this site has some really d-mb people or they are being obtuse to dissuade from reality. Not sure which
I'm sure. You're both. If you were being honest and had basic reading skills you would have noticed what you quoted missed the following half of the whole sentence:
...which will insure there is never a recession.
The great tech reorg has been happening for well over a year. The amount of jobs lost in the tech sector is huge. The C levels of the world are positioning it as an AI transformation but the reality is they are coming to the realization that their free spending and borrowing at zero percent interest the last decade has resulted in a ton of initiatives that are not profitable. Instead of looking at the lack of strategy and foresight on their part they are hoping AI will bail them out the failures while they cut employees.
There is no such thing as "good economic policies"
Either this site has some really d-mb people or they are being obtuse to dissuade from reality. Not sure which
The NASDAQ P/E is over 40 and rising, so there has to be a point where a market correction occurs. When and how deep is anyone's guess.
Yes, but not by magic. It takes bad economic policies to achieve that.
There is no such thing as "good economic policies" which will insure there is never a recession. The balance point between so many forces is constantly changing in unpredictable ways so the ability to adjust to those changes in an optimal way is impossible.
That said, infinite borrowing for infinite growth in a finite world is bad economic policy.
both Bank of America and Berkshire Hathaway say they don’t suspect a recession now
Until they do - economics, the dismal science.
The labour market is flashing red. Fed has its head up its butt because it wants to "wait for the data" by which time half of us will be living under a bridge. Biden overdid the money printing, it caused inflation (the Fed snoozing again). When the Fed did wake up, they slammed on the brakes far too hard and far too late.
A very large recession is overdue and there's a better than even chance we're already in it.
Bidenomics. All planned behind closed doors.
Economy does better under democrats. Since the Cold War, dems added 50 million jobs. In the same time span, republicans only gained 1 million.
When you subtract covid job losses it becomes Dems 50 rep 2 or 3 mil.
I see a bit of double speak. Some say it’s our ELT and these comments saying it’s the US Govt.
Given the economy, by many statistics, is doing fine and both Bank of America and Berkshire Hathaway say they don’t suspect a recession now… I think our ELT just su-ks.
Recessions. They Happen.
Yes, but not by magic. It takes bad economic policies to achieve that.
Recessions. They happen.
“That is called Bidenomics, and we are very proud of Bidenomics.”
- Kamala Harris