Recession of 2020? It’s actually a Great Depression

[☑︎#VoteDemocrat]

:ALERTRED:

 

[DrBanneker]

From the Financial Times:

The inversion of the US yield curve, a measure investors view as the surest predictor of an impending recession, on Monday became deeper than at any point since the onset of the financial crisis a decade ago, as the US-China trade war spread to the currency markets.

The difference between the yield on three-month Treasury bills and the benchmark 10-year bond, which has turned negative or “inverted” before every US recession of the past 50 years, widened to minus 32 basis points at its worst, after Beijing allowed its currency to weaken against the dollar past the symbolic Rmb7 level.

 

[FAH1223]

 

[Wargames]

 

[MoneyTron]

We are well on our way.

Like I said in the other thread, it'll keep Trump from his second term but the price paid by the economy will be astronomical.

 

[MoneyTron]

I'm really just waiting for certain sectors to start regressing.

The one I work in, automotive, has been sliding backwards all year with no end in sight. Almost every company's profit margins are down signifcantly YoY and a good chunk of it is due to new tariffs.

 

[88m3]

can't come soon enough

 

[☑︎#VoteDemocrat]

downtown condos, here we come

 

[Lord-Yosh]

it's going to happen just a matter of when not if

 

[ExodusNirvana]

 

[Consigliere]

At a certain point don’t we need a recession to happen? Seems like delaying the inevitable is only increasing the pain.

 

[MoneyTron]

Germany projected to have a GDP contraction this past quarter.

Yo, its about to be wrap if they don’t stop this trade war.

 

[Hersh]

qll my financials r in order .. im waiting to scoop up a couple of properties

 

[ExodusNirvana]

At a certain point don’t we need a recession to happen? Seems like delaying the inevitable is only increasing the pain.

That's why the next one will be especially painful

 

[Mook]

I agree with that one dude in the tweets that we shoulda never been in business with China. fukk em. I hope this next crash can atleast detangle us from them.