United States: Double recession | Metals Mine

  • United States: Double recession

    From economics.rabobank.com

    With the Federal Reserve Bank of Atlanta’s GDPNow-cast for Q3 at 2.4% (as of September 30), the US economy may be coming out of the technical recession that started in Q1. At the same time, the US Treasury yield curve is still inverted, indicating that there is more to come next year. This suggests that we may be facing two recessions caused by the same factors, one technical and one official – i.e. approved by the National Bureau of Economic Research (NBER) – interrupted by an episode of positive GDP growth that may have started in Q3. What are the common causes behind these two recessions, why do we expect a ... (full story)

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traderathome
Oct 6, 2022 12:15pm
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And is there any wonder why?

.... Unemployment up
.... Labor force living wages gone
.... Long term unemployed (after just 7 months) erased from roll-call and forgotten
.... Difference between CEO and LABOR benefits up 400%+ in last 60 years, advantage to CEOs
.... Difference between CEO and LABOR taxes down 15,000%+ in last 60 years, advantage to CEOs
.... Obedience to laws protecting infrastructure non-existent due to corporations and their lawyers buying waivers
.... Maturity of politicians to resolve problems non-existent
.... Ethics and honesty from corporate boardrooms to Congress non-existent

.... and at the polls, totally deceived emotional moronic voters incapable of critical thinking.
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Xautrucho
Oct 6, 2022 9:49pm
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Quoting Guest
{quote} Nailed it. This trend has already run far past any sustainable point. Now they're trying to pull it back from the cliff and we're dealing with the consequences.
The best part is as consumers we never give up. As members of the working class we make policymakers and our federal reserve perform at an exceptional pace. I can't recall the last time the working class had the option to give up because means of life seemed scarce. We're gonna ride this damn thing the wheels fall off and nurture the economy to an appetizing level. Just like we always do.
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Trader#A3CB
Oct 6, 2022 1:57pm
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Quoting traderathome
And is there any wonder why? .... Unemployment up .... Labor force living wages gone .... Long term unemployed (after just 7 months) erased from roll-call and forgotten .... Difference between CEO and LABOR benefits up 400%+ in last 60 years, advantage to CEOs .... Difference between CEO and LABOR taxes down 15,000%+ in last 60 years, advantage to CEOs .... Obedience to laws protecting infrastructure non-existent due to corporations and their lawyers buying waivers .... Maturity of politicians to resolve problems non-existent .... Ethics and honesty...
No lies detected
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Trader#9DA5
Oct 6, 2022 2:15pm
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Quoting traderathome
And is there any wonder why? .... Unemployment up .... Labor force living wages gone .... Long term unemployed (after just 7 months) erased from roll-call and forgotten .... Difference between CEO and LABOR benefits up 400%+ in last 60 years, advantage to CEOs .... Difference between CEO and LABOR taxes down 15,000%+ in last 60 years, advantage to CEOs .... Obedience to laws protecting infrastructure non-existent due to corporations and their lawyers buying waivers .... Maturity of politicians to resolve problems non-existent .... Ethics and honesty...
Nailed it. This trend has already run far past any sustainable point. Now they're trying to pull it back from the cliff and we're dealing with the consequences.
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