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Best Buy just proved that a recession is not coming soon


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2019 Sep 3, 10:37am   1,184 views  14 comments

by MAGA   ➕follow (1)   💰tip   ignore  

Leasing crap you can't afford to buy means that the economy is good? WTF!

https://finance.yahoo.com/news/best-buy-proved-that-a-recession-is-not-coming-soon-103426909.html




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1   RWSGFY   2019 Sep 3, 10:47am  

MAGA says
If a U.S. recession was lurking within the next 90-days to 12 months, people probably wouldn’t be leasing out big screen TVs and refrigerators at a nice clip from Best Buy


Au contraire mon frere, this is a sign something is gotta give soon.

PS. On the second thought, knowing the abysmal quality of modern refrigerators leasing them looks like a good idea.
2   Heraclitusstudent   2019 Sep 3, 11:44am  

Consumer is always the last one to realize this is a recession. A lagging indicator.
Articles like this, trying to rationalize that all is good, are a typical sign of imminent recessions.
3   Shaman   2019 Sep 3, 11:46am  

Heraclitusstudent says
Consumer is always the last one to realize this is a recession. A lagging indicator.
Articles like this, trying to rationalize that all is good, are a typical sign of imminent recessions.


Don’t hold your breath. Recession is at least five years off.
4   Heraclitusstudent   2019 Sep 3, 11:47am  

We learned today manufacturing is already in recession. Why is that? if consumption is so great.

5   Heraclitusstudent   2019 Sep 3, 11:49am  

Quigley says
Recession is at least five years off.

Just after Trump 2nd term, right?
Ah! No wishful thinking there, for sure.
6   EBGuy   2019 Sep 3, 2:22pm  

The 10 year Treasury, 2 year Treasury spread briefly went negative last week before closing the week even. Today both rates closed at 1.47%.
7   Shaman   2019 Sep 3, 2:59pm  

Heraclitusstudent says
Quigley says
Recession is at least five years off.

Just after Trump 2nd term, right?
Ah! No wishful thinking there, for sure.


It all depends on how stupid people get. We’ve collectively been punched in the dick only 10 years ago, and that does tend to wise us up to the pursuance of bad ideas and irrational exuberance.

Trump can do a lot with four more years. I expect China will cave immediately when it becomes obvious that America is behind the President, and that will lead to ever greater prosperity for both countries, although I do foresee a rising chance of Revolution in China. Those Hong Kong motherfuckers are hard core and they just might spark something in a weakening Chinese economy.

Most importantly, the American working class is on the rise! These are exciting times when workers are valued and pay is increasing in healthy jumps. This, combined with ample investment opportunities and a strengthening business climate in the USA (due to the corporate tax cuts in the Ryan bill) will lead to greater and greater wealth and prosperity for the average American. This dumps us into a virtuous cycle where the economy creates good jobs which create good wages which get pumped back into the economy to juice it further.

If we don’t fuck this one up, we might just enter an American Golden Age. And we can thank Donald J. Trump for taking us there.
8   mell   2019 Sep 3, 3:11pm  

Quigley says
I expect China will cave immediately when it becomes obvious that America is behind the President, and that will lead to ever greater prosperity for both countries, although I do foresee a rising chance of Revolution in China. Those Hong Kong motherfuckers are hard core and they just might spark something in a weakening Chinese economy.


This. Right now they are hoping the Dems will win, once this hope becomes fruitless they will play nicely.

Quigley says
If we don’t fuck this one up, we might just enter an American Golden Age. And we can thank Donald J. Trump for taking us there.


If Trump gets another 4 years and 80% of his stuff done, a recession will truly be many years out.
9   MisdemeanorRebel   2019 Sep 3, 3:44pm  

If we defeat Globalism and return to manufacturing at home, we'll actually have a manageable economy again.

There will be predictable, short lived mild recessions which result in short term layoffs or conversion to half time work. Meanwhile periods of increasing consumer spending will lead to increased employment here in the USA and not in China.

It's fine to buy coffee from Columbia, but imported cars should be a luxury; most domestic car sales should be domestic manufacture (which includes foreign based companies manufacturing in America like Toyota).
10   FortwayeAsFuckJoeBiden   2019 Sep 3, 3:47pm  

I see plenty of jobs and work mobility.

Recession my ass, just Democratic Party fear Mongering bs.
11   Shaman   2019 Sep 3, 8:17pm  

Fortwaynemobile says
I see plenty of jobs and work mobility.

Recession my ass, just Democratic Party fear Mongering bs.


Addendum: Democratic Party wish list includes a Recession.
12   rocketjoe79   2019 Sep 3, 10:13pm  

Hong Kong could not possibly stand against Mainland China. 7.44 million vs. 1.4 Billion = 0.5%
China could crush them like a grape, if HK was seen as a serious threat.
The international backlash and possible loss of $341 Billion GDP are the bigger issues.
We have forgotten how many died during the Cultural Revolution, Korean War, WW2 vs Japan, and previous conflicts. Asian Cultures can spend lives like water.
13   Eman   2019 Sep 3, 10:42pm  

Heraclitusstudent says
Quigley says
Recession is at least five years off.

Just after Trump 2nd term, right?
Ah! No wishful thinking there, for sure.


Wishful thinking IMO. At best, we’ll have a recession during Trump’s 2nd term, or whoever is the next president. It’s part of the cycle. The economy is bigger than anyone.
14   rocketjoe79   2019 Sep 4, 8:22am  

I just moved my 401K into an income only account - no securities. Reducing exposure while I'm entering my job severance period. I'm not gonna "ride it down" again.

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