Recession of 2020? It’s actually a Great Depression

Strapped

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So the potus & his liars are saying china is has paid billions in tariffs when it's the importer who pays the commerce tax on the goods . Can we believe anything the wyte media tells us . I await some credible news outlet in informing the public
 

Jhoon

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None of these nikkaz know what they talking about. They been saying the same shyt for years. Eventually you'll be right.
The sky has been falling for years. Years.

I remember the tea party crowd were saying some garbage about some garbage in 2009.
 

Jx2

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President Chester Cheeto is finally leaving his true stain on his term. All things aside, he baited his idiot voter base into thinking that a guy that's been in and out of bankruptcy his entire life after starting out the gate with a monumental head start is somehow business savvy:stopitslime:
Those chickadees are finally coming home to roost :manny:
 

Json

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Stack, stack, stack, stack.

Next summer might be when the recession actually hits.

I don’t think there will be a dramatic bubble pop this time. I think the air is just going to slowly leave the balloon.

The unemployment won’t dramatically go up cause many people are working two jobs already. The gig economy won’t reflect in the numbers.
 

Reece

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Its bit worrying as the new capitalism model couldn't reset in 2008. Every major depression there is a new capitalism model but for some reason we screwed up and didn't implement one.

Recession is coming but not sure how large it will be if it the large the whole fukking global is in trouble. If it isn't that big the fed will try negative rates and we to get it under control.

I still don't understand who buys those worthless bonds at negative rates.

Because the last major depression, we went through 10 years of immense poverty afterward to pay for our bad decisions and it took 100 million people dying and half the world being burnt to a crisp with the US luckily being the only one left unscathed for us to have a “recovery”. This time we just pumped an ass ton of money into the system and kept rates near zero.
 

phcitywarrior

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I don’t think there will be a dramatic bubble pop this time. I think the air is just going to slowly leave the balloon.

The unemployment won’t dramatically go up cause many people are working two jobs already. The gig economy won’t reflect in the numbers.

This could be true as well. I think we’re in an everything bubble right now. In the coming months we’ll see which industries start crumbling first. I do think the start up scene will get hit hard.

For the common man, best to do is start saving as agressively as you can. And in hard cash. Pay off as much debt as possible and cut back where you can.

Also, good time to get your skills up. Usually in a recession people go back to school to look more attractive, but honestly, there’s so much you can get online for cheap or little to no money e.g. CFA, Certs etc.
 

Berniewood Hogan

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Explain...
Great Depression. New Deal. The economy went completely to shyt because of Republicans and FDR seized the opportunity to implement a bunch of policies that his critics decried as socialism.

But they worked.

And they were popular.

And they lasted for decades until the b*stards got Reagan in there and started taking it all apart.
 

ZoeGod

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I’m worried about Europe. The European debt crisis still hasn’t been resolved. Can’t Europe survive another recession? Italy is already fukked. If that debt explodes the euro is done and shyt could have a major cascading effect.
 
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