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Recession - 2022 / 2023 / 2024

babyguppy said:

MSN

www.msn.com
Click to expand...
Read "Atlas Shrugged" by Ayn Rand to see how this clown show will turn out.
As we speak, due to Federal Rules and Regulations (not Union contracts) There are not enough certified train engineers and crews to keep trains moving. As you guys travel, note how many trains are sitting and idling on the tracks. Why " Because the crews have run out of hours".... The company shuttles the tired crew off the train and eventually brings out a fresh crew. Trains don't run to a hub and change crews. When the DOT hours are up, the train stops.
A lot of these engineer's are past retirement age and still working... As in Atlas Shrugged the old guy's are getting fed up with the BS and retire.
I'm sure someone will say "Well, just bring in the National Guard to run the trains"... How's that been working out ?
____________________________________
WASHINGTON — Ongoing service problems related to crew shortages on the U.S. Class I railroads are entirely self-inflicted due to the implementation of Precision Scheduled Railroading, the SMART Transportation Division labor union has told federal regulators.


“The freight rail network is at a breaking point,” union President Jeremy Ferguson wrote in an April 1 letter to the Surface Transportation Board. “It cannot sustain any more reductions. Substantial changes must be made, and they must be made quickly. We believe intervention from the STB is critically warranted and necessary to right this ship.”
www.trains.com

Union blames train crew shortage on cutbacks related to Precision Scheduled Railroading (updated) - Trains

WASHINGTON — Ongoing service problems related to crew shortages on the U.S. Class I railroads are entirely self-inflicted due to the implementation of Precision Scheduled Railroading, the SMART Transportation Division labor union has told federal regulators. “The freight rail network is at a...
www.trains.com www.trains.com

about.bgov.com

Train Crew Size Rule Draws GOP, Rail Rebuke Amid Worker Shortage | Bloomberg Government

Republicans and railroads urged President Joe Biden’s rail chief Tuesday against a rule that could require at least two crew members on freight trains.
about.bgov.com about.bgov.com
 
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Seems to be just one thing after another :oops:
The report, which cites government data, indicates that the Rhine’s water level is at its lowest since 2007 for this time of year.

oilprice.com

Germany Faces Coal Supply Crisis As Rhine River Waters Dwindle | OilPrice.com

Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river add to supply challenges
oilprice.com oilprice.com
 
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The scary part? Governments, central banks, and investors planted the bomb themselves. Supereasy monetary policy meant that greenbacks were too plentiful and too cheap to borrow, says Gavekal’s Charles Gave, which gave people and companies outside the U.S. a false sense of comfort. Now, the buck isn’t cheap, and with the Fed draining liquidity from the market, it’s not easy to come by, either.
www.marketwatch.com

A Strong U.S. Dollar Raises Risks for Everyone

“The dollar’s relentless strength at this point is a time bomb for global financial markets and the economy,” writes Rosenberg Research founder David Rosenberg.
www.marketwatch.com www.marketwatch.com
 
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A strong dollar adds an interesting twist to the "2008 all over again" hypothesis, as the opposite was generally true in mid-2008 (EURUSD was something like $1.50). So I'll admit that I'm not immediately clear how this plays out.

That said, there is no shortage of dollars; it's just that everyone is sitting on them. If the price increases enough, eventually they'll find their way back into circulation. I'm guessing the Fed opens up the tap on more easing before that's ever allowed to occur, though.
 
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I didn't think I'd ever look back upon the Bernanke era with nostalgia, and yet here we are:



I think this claim was easier to make before blowing the biggest bubble ever in the stock and housing markets, while simultaneously increasing the federal debt by nearly 3x in a dozen years.
 
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Bigfatcock said:
www.yahoo.com

Rolex Daytona prices continue to slide on the resale market as the crypto crash wipes out wealth of newer collectors

Resale prices for the most popular variant of the Cosmograph fell 16% from their peak in April, but experts say top models are still resilient.
www.yahoo.com www.yahoo.com

One of my key indicators of the overall broke as fuckedness of the nation.

Contrary to the article, I do not believe the “Crypto winter” is the main driver. It’s just another excuse to not say “recession”.
Click to expand...
I agree... Over the past 2 years the households with two working adults and nice incomes built up some savings. just not enough to buy a house so many bought a Rolex. The evolving culture "If you got it, flaunt it"... Because soon, you will have nothing to flaunt.
 
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Sobering to see this in print....

The combination of weak leaders and fake money is a fitting end to a major economic cycle. It actually couldn’t end in any other way.

oilprice.com

Fake Money Is Fueling A Very Real Debt Crisis | OilPrice.com

Global debt is soaring and many investors are piling into new assets like bitcoin as a result, but physical gold may still be the best way for investors to protect their wealth
oilprice.com oilprice.com
 
July 17 (Reuters) - U.S. President Joe Biden on Sunday named the members of an emergency board tasked with helping resolve disputes between freight rail carriers and their unions, the White House said.
Ira F. Jaffe
David Twomey


I doubt Biden ever met these two guys. "Biden the Puppet" named them. I guess now 2 people are considered a "board"... Board re-defined, perhaps.
www.reuters.com

Biden names board to help end freight railroad and union contract disputes

U.S. President Joe Biden on Sunday named the members of an emergency board tasked with helping resolve disputes between freight rail carriers and their unions, the White House said.
www.reuters.com www.reuters.com
 
These reporters have got to get more creative.... I'm hearing layoff's at CNN are coming. Bottom link is over 20 years old but here's how that recession went... LOL

(CNN)Americans are feeling slightly better about the economy, but painfully high inflation is still keeping consumer sentiment at close to an all-time low, according to preliminary survey data released by the University of Michigan on Friday.

CNN Staff Braced for “Aggressive” Cuts | WARC

Time Warner-owned CNN News Group is next week expected to announce a series of job losses as it seeks to reorganize its TV and web activities. The group’s 4,000 staff were warned in December to expect “aggressive” changes to the company’s structure and workforce in the new year.
www.warc.com www.warc.com
 
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Worldwide

ca.finance.yahoo.com

IMF to Cut Global Growth Outlook ‘Substantially’ at Next Review

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskWall Street Set for New ETF Gold...
ca.finance.yahoo.com ca.finance.yahoo.com
 
About Ron Paul......

photobomb-that-guy-well-played.jpg
 
Government money floating big banks. Really nothing new... It's really not a recession... LOL
www.cnn.com

What recession? America's banks reveal few signs of trouble

If a recession were to arrive in the United States, there would normally be evidence of pain at America's biggest lenders. But so far, top banks aren't seeing major signs of weakness, even as they admit they're bracing for tougher times ahead.
www.cnn.com www.cnn.com
 
www.goldmansachs.com

Goldman Sachs | Press Releases

www.goldmansachs.com www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo
 
Vodoun daVinci said:
www.goldmansachs.com

Goldman Sachs | Press Releases

www.goldmansachs.com www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo
Click to expand...
Several of us here agree that little makes any sense. Government is attempting to redefine "recession". Investment managers are smiling at a 5% increase in company earnings while inflation is running at 20%. The average dumb American is rejoicing at getting a $1/ hour raise ($40 / week) while paying $40 more for that once a week fill up. The grocery store run that used to cost $100 to fill 3 shopping bags is now costing $100 to fill 2 shopping bags... ?
 
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Vodoun daVinci said:
www.goldmansachs.com

Goldman Sachs | Press Releases

www.goldmansachs.com www.goldmansachs.com

The Big Kids are making shit loads of money...this will not be your Grandfathers recession. The numbers are just crazy weird to me and plainly do not add up to a "Classic" Recession. If it wasn;t so scary, it's be fun/interesting to watch from my perspective.

Little of this makes any sense to me as an investor, former businessman running/owning operating his own Corporation and having survived and lived thru Inflation and Recession. I'm looking forward to the Dividend Payout from Goldman-Sachs.

VooDoo
Click to expand...

Regardless of how much money Biden, Hunter and the rest of the politicians stole, there is still several TRILLION dollars that they blasted into the economy over the last few years... it's got to float around somewhere... and a lot will flow through banks. And not just Cayman banks.
 
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babyguppy said:
so, one place say's copper prices are going to soar..
and the other says Copper Prices Plummet To Lowest Levels Since 2020
In other news, china is buying US farmland and having bank runs in their homeland. People can't get their cash.
Click to expand...

Copper LIVE QUOTE​




Copper


Last

6,999.00
USD

+/-

-217.00

 %

-3.01%

Trade Time
10:23:00 AM EDT 7/15/2022
Previous Close
7,216.00
 
Ann Barnhardt is a visionary that I have followed for many years.
________________________________________

The one about how WE ARE THE GOLD​


Originally penned and posted on February 29, ARSH 2012. The next day Western Rifle Shooters Association reprinted it in full (everyone has full reprint permission – I’m not writing this stuff to exercise my fingers, I’m writing it to be read), and the following comment showed up on the WRSA thread. I found it quite humbling. Hopefully it encourages folks to read this piece, despite its length.
 
Hobo Hilton said:
After many great years a few younger generations will learn how to "prioritize" their needs.
www.cnbc.com

75% of middle-class households say their income is falling behind the cost of living

The outlook among middle-income families has also declined: 39% are expecting to be worse off financially in a year, compared with 17% in December 2020.
www.cnbc.com www.cnbc.com
Click to expand...
umm,
yea, rent, electricity, water, food. But when you're running lean to begin with and get hit with 30-50% increase in prices; you don't have a lot of choices. You are getting the maduro diet and a 2nd or 3rd job.
Don't look around and see the section 8 people playing all day and eating for free; it might be discouraging.
 
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babyguppy said:
hope you not keeping your money in bag made of carpet.. ;)
Click to expand...
Nah, banks are making their petty interest off of it. Let em. Cause the crash is coming, and cash shall be king. I tripled my investment during covid. Im hoping to triple or quadruple it this go round. Thatll put me in the millions and I'll have 25 yrs left to retirement. Hopfully I can turn 1 million into 10million by retirement. Then i'll sit back, live off the interest with MASSIVE amounts of ammo.
 
b31f378493ab3cb2c3312b779d7591fe.jpg

I was making a long drive this morning to re-supply. Had time to think about people. I lived through many Louisiana hurricanes and had a couple of opportunities to witness the "Eye" passing directly over my location at 2 am. I have gone out, looked at the stars shining through a perfectly clear night time sky. I have also witnessed people having a "Hurricane Party" thinking that was a good time to run to the convenience store for more beer. Many have never survived that beer run due to downed power lines, washed out bridges, stalled vehicles left in the road and pure stupidity. This recession has some similarities of a hurricane. We all got plenty of warnings of it's approach. Being human, many ignored the warnings and decided to have a "Recession Party". Hurricane winds have peaks and valleys. I've watched some big pecan trees that appeared to be leaning into the wind. As the wind subsided they returned to an upright position.... only to be caught off guard and have the entire top blown out by a tornado spawned by the hurricane. We are witnessing a run of "Good Day's" in this market. Then there is a mile long list of promising comments from the experts. There is hope that things are turning around. Suddenly at the opening bell on a Monday morning the Black Swan flies and the market dives for cover. Interesting how both the eye of the Hurricane and several up day's in the market will draw out some people to make foolish moves. I guess it's just human nature.
JMHO
 
Hobo Hilton said:
b31f378493ab3cb2c3312b779d7591fe.jpg

I was making a long drive this morning to re-supply. Had time to think about people. I lived through many Louisiana hurricanes and had a couple of opportunities to witness the "Eye" passing directly over my location at 2 am. I have gone out, looked at the stars shining through a perfectly clear night time sky. I have also witnessed people having a "Hurricane Party" thinking that was a good time to run to the convenience store for more beer. Many have never survived that beer run due to downed power lines, washed out bridges, stalled vehicles left in the road and pure stupidity. This recession has some similarities of a hurricane. We all got plenty of warnings of it's approach. Being human, many ignored the warnings and decided to have a "Recession Party". Hurricane winds have peaks and valleys. I've watched some big pecan trees that appeared to be leaning into the wind. As the wind subsided they returned to an upright position.... only to be caught off guard and have the entire top blown out by a tornado spawned by the hurricane. We are witnessing a run of "Good Day's" in this market. Then there is a mile long list of promising comments from the experts. There is hope that things are turning around. Suddenly at the opening bell on a Monday morning the Black Swan flies and the market dives for cover. Interesting how both the eye of the Hurricane and several up day's in the market will draw out some people to make foolish moves. I guess it's just human nature.
JMHO
Click to expand...
You speak of hurricanes. It just takes a bad one to hit south Louisiana near Lake Charles or New Orleans or South Houston, Port Arthur and gas will be at $7 a gallon if they sustain damage. No one is thinking of that.

Those "good days" in the market are simple a facade of whats to come?
 
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Wizard1183 said:
You speak of hurricanes. It just takes a bad one to hit south Louisiana near Lake Charles or New Orleans or South Houston, Port Arthur and gas will be at $7 a gallon if they sustain damage. No one is thinking of that.

Those "good days" in the market are simple a facade of whats to come?
Click to expand...
What "goes over the head" of most Americans is what happens when the word gets out that personell have been evacuated from the off shore platforms due to the hurricane. Those producing wells are "Shut In". The flow of oil is stopped, dead in it's tracks. Up goes the cost and down goes the availability.
 
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Hobo Hilton said:
What "goes over the head" of most Americans is what happens when the word gets out that personell have been evacuated from the off shore platforms due to the hurricane. Those producing wells are "Shut In". The flow of oil is stopped, dead in it's tracks. Up goes the cost and down goes the availability.
Click to expand...
No worries my friend. We’re importing foreign oil. Nothing to worry about. What could go wrong? Hahaha
 
Countries with no oil.
Samoa
--Guyana
--Saint Vincent/Grenadines
--Eritrea
--Dominica
--Somalia
--Cayman Islands
--Antigua and Barbuda
--Cook Islands
--Vanuatu
--Sao Tome and Principe
--Benin
--Saint Kitts and Nevis
--U.S. Virgin Islands
--Falkland Islands
--Solomon Islands
--Seychelles
--Kiribati
--Liberia
--Grenada
--The Bahamas
--Saint Lucia
--Gambia, The
--Maldives
--Guinea-Bissau
--British Virgin Islands
--Djibouti
--Comoros
--Palestinian Territories
--American Samoa0
--Antarctica0
--Bermuda0
--Gibraltar0
--Micronesia0
--Montserrat0
--Nauru0
--Niue0
--Northern Mariana Islands0
--Saint Helena0
--Saint Pierre and Miquelon0
--Tonga0
--Turks and Caicos Islands0
--Tuvalu0
--U.S. Pacific Islands0
--U.S. Territories0
--Wake Island0
--Western Sahara0
 
One more expert putting on a happy face and attempting to re-define this recession:
Friedman: You have some people saying, “Oh, consumers are already in a recession.” Well, consumers are facing higher gas prices, they’re facing higher mortgage rates if they happen to have a need for a new mortgage. Housing sales are down. So, in some respects, we’re seeing contraction in certain parts of the economy. We’re seeing inventory liquidations periodically but we’re not in some awful recession. We still have unemployment less than 4%. We still have job openings that far exceed the number of people available to fill those jobs. And all I’m saying is a modest uptick in unemployment, a modest decrease in available job openings, doesn’t throw the economy in anything like what we had in 2008, in my view.

www.cnbc.com

Canyon Partners' Friedman says the markets can handle a recession and he's building a shopping list

Josh Friedman of the $26 billion credit giant, Canyon Partners explained why he believes the markets "can tolerate a little bit of stress."
www.cnbc.com www.cnbc.com
 
I read an article stating the west coast is already in a housing crash. It just takes awhile for it to hit across the nation. Q4 Q1 2023. Crumble stumble I’d imagine?
 
It's just not adding up, again.

Oil companies / energy companies are reporting record prices and now "Governments" are having to bail out energy companies... why ?

_______________________________________________

The new world energy order will be defined by government intervention on a scale not seen in recent memory.
oilprice.com

Governments Can No Longer Afford To Leave Energy Security To Market Forces | OilPrice.com

Russia’s invasion of Ukraine has changed energy markets forever, with the new global energy order likely to be defined by government intervention
oilprice.com oilprice.com
 
“The bottom line is, the Fed is going to break something,” says Ryan Sweet, senior director of economic research at Moody’s Analytics. “They’re going to break inflation or they’re going to break the economy, and the most likely scenario is they’re going to break both.”

www.bankrate.com

Will The Fed Cause A Recession By Raising Rates? | Bankrate

The Fed has a tried-and-true method for curing inflation: raising interest rates. But it comes with some economic pain.
www.bankrate.com www.bankrate.com
 
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