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bucolic_frolic

(42,676 posts)
3. Take a look at autos and building suppliers
Mon Oct 29, 2018, 07:25 AM
Oct 2018

some are signaling recession: Ford, GM, Honda, Masco are a few I looked at. Gonna be a long ride down. They cannot and won't tell you what's happening because it would create financial panic, and deprive the wealthiest financial gurus of their best returns in decades: we have overcapacity in just about everything because of the low interest rates. And this video is wrong this is just a 2008-2009 thing. Recall that Greenspan in response to 9-11 aftershock and sluggish economy cut interest rates in 2002 to about 1.5 percent. So by 2009 we needed .25% interest rates to keep things going. Next time they will seize your money with negative interest rates (you pay the bank fees to hold your money at 0%), which is probably politically unfeasible, so we'll have a broad Great Recession instead of a jobs/homebuilder recession as in 2008-2009. Buckle up.

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