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nail and 1st qtr. GDP...




BIG JOE ASKS WHAT RECESSION???
We are not in recession dirt bag. We WERE in recession. We just have negative growth. ( inflation % related to GDP growth) I mean...I challenge your dumb azz to show us some links/polls that claim the economy is good. Do you know how to look things up? If not, ANY poster here can help you.
 
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you didn’t see this in a Trump economy

The inner cities are seeing mass exodus of businesses that are fleeing to the suburbs. We all know why, we've witnessed the "Summer of Love" with our own eyes. Even here in the south, in Jacksonville, Fl, downtown is a blighted, festering, oozing pus sore. It cracks me up........no, pisses me off that the city is trying to revitalize downtown on the river front. It's a crack pipe dream, no amount of lipstick is going to fix that pig.
 
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The inner cities are seeing mass exodus of businesses that are fleeing to the suburbs. We all know why, we've witnessed the "Summer of Love" with our own eyes. Even here in the south, in Jacksonville, Fl, downtown is a blighted, festering, oozing pus sore. It cracks me up........no, pisses me off that the city is trying to revitalize downtown on the river front. It's a crack pipe dream, no amount of lipstick is going to fix that pig.
Commercial real estate is very close to crashing all over the Country. Saw where cell service has reduced 50% in San Francisco...most lib ran cities it is down 25-30%.
 
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We are not in recession dirt bag. We WERE in recession. We just have negative growth. ( inflation % related to GDP growth) I mean...I challenge your dumb azz to show us some links/polls that claim the economy is good. Do you know how to look things up? If not, ANY poster here can help you.
That's not the definition of a recession, Cletus. If you had studied economics, you would know this.
 
Commercial real estate is very close to crashing all over the Country. Saw where cell service has reduced 50% in San Francisco...most lib ran cities it is down 25-30%.
A lot of service related businesses discovered they don't need a large physical nexus during covid shutdowns, and realized huge savings by downsizing HQ. Now these inner cities are finding out their little shutdown game just bit them square in the ass. 😂
 
A lot of service related businesses discovered they don't need a large physical nexus during covid shutdowns, and realized huge savings by downsizing HQ. Now these inner cities are finding out their little shutdown game just bit them square in the ass. 😂
Shiz is JUST ABOUT to hit the fan because of this...and I expect for the market to tank
 
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Nordstrum's just closed up shop in Gay Bay. That makes 20 businesses closed in Gay Bay since Inauguration Day. Nordstrum's cited unsafe conditions. Crime. Biden promised higer crime in Democrat debates.
 
More on the Biden boom

I closed a checking account at Wells Fargo. While there, I asked the WF woman about wife's new Active Cash Rewards Card. Why is wife's credit limit $6000? She is retired AT&T. Credit score is well above 800. My 2 year old Active Cash Card has a credit limit of $12,500. "Why the difference? Because she's female? Like the old days?"

The WF woman told me, "no, no. Credit limits are far smaller in the current environment. Consumers are carrying record debt. Bank repos are near record highs."

"Because of inflation?"

"Yes."
 
I closed a checking account at Wells Fargo. While there, I asked the WF woman about wife's new Active Cash Rewards Card. Why is wife's credit limit $6000? She is retired AT&T. Credit score is well above 800. My 2 year old Active Cash Card has a credit limit of $12,500. "Why the difference? Because she's female? Like the old days?"

The WF woman told me, "no, no. Credit limits are far smaller in the current environment. Consumers are carrying record debt. Bank repos are near record highs."

"Because of inflation?"

"Yes."
What are they repossessing the most? Teslas? 😂
 
More things pointing to a big correction soon. Very likely starting in Q3 or Q4. About the only good thing coming is inflation will finally be tamed but dont expect any relief on rent, utility bills or grocery store prices.
 
More things pointing to a big correction soon. Very likely starting in Q3 or Q4. About the only good thing coming is inflation will finally be tamed but dont expect any relief on rent, utility bills or grocery store prices.
We own some good oil and gas stocks that pay great dividends (NOT BP). The REAL economy has cooled down so the spot oil market has tapered off recently. When you want a real litmus test of the economy, look at what energy stocks are doing, HOWEVER....There are some pretty dire predictions that the supply of O&G is going to drop dramatically in the 3rd and 4th qtrs. I'm looking at load up on oil futures now (call options) somewhere in the vicinity.



Russia is implementing a voluntary cut of 500,000 barrels per day until the end of 2023 from the average February production level, determined in accordance with independent sources.

 
We own some good oil and gas stocks that pay great dividends (NOT BP). The REAL economy has cooled down so the spot oil market has tapered off recently. When you want a real litmus test of the economy, look at what energy stocks are doing, HOWEVER....There are some pretty dire predictions that the supply of O&G is going to drop dramatically in the 3rd and 4th qtrs. I'm looking at load up on oil futures now (call options) somewhere in the vicinity.



Russia is implementing a voluntary cut of 500,000 barrels per day until the end of 2023 from the average February production level, determined in accordance with independent sources.


Havent read up much on that. My thinking would be a nice recession would bump gas down to at least the $3.00 area even with Biden's mess. Not sure if I trust Russia's claims as they are finding ways to get rid of that oil not claimed and people are buying it from 3rd parties.
 
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We own some good oil and gas stocks that pay great dividends (NOT BP). The REAL economy has cooled down so the spot oil market has tapered off recently. When you want a real litmus test of the economy, look at what energy stocks are doing, HOWEVER....There are some pretty dire predictions that the supply of O&G is going to drop dramatically in the 3rd and 4th qtrs. I'm looking at load up on oil futures now (call options) somewhere in the vicinity.



Russia is implementing a voluntary cut of 500,000 barrels per day until the end of 2023 from the average February production level, determined in accordance with independent sources.

Great.

I just bought a new (used) Tundra with the 5.7.

You can literally watch the fuel gauge dip when you give it some throttle.
 
Of course.

Biden inherited a terrible economy. Just look at the unemployment numbers, they tell the WHOLE story.
Low unemployment coupled with a terrible economy tells me that people can't find jobs they are qualified for, and they have either stopped looking, or they have been forced to take entry level jobs and that's why the unemployment rate is so low.

Low unemployment coupled with a booming economy, as we had under Trump, tells me skilled employees are in demand and getting paid much higher wages for jobs.

Workers had all the leverage under Trump, they have none now.

Progress?
 
Havent read up much on that. My thinking would be a nice recession would bump gas down to at least the $3.00 area even with Biden's mess. Not sure if I trust Russia's claims as they are finding ways to get rid of that oil not claimed and people are buying it from 3rd parties.
What are you waiting for? Friday I filled up @3.02 a gallon at BJ's Club. Oil prices have no place to go but up considering this administration and the current state of affairs world wide. We have plenty of oil to last 100 years or more but don't have refinery capacity to keep up.
 
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Low unemployment coupled with a terrible economy tells me that people can't find jobs they are qualified for, and they have either stopped looking, or they have been forced to take entry level jobs and that's why the unemployment rate is so low.

Low unemployment coupled with a booming economy, as we had under Trump, tells me skilled employees are in demand and getting paid much higher wages for jobs.

Workers had all the leverage under Trump, they have none now.

Progress?

Yep a lot of tech workers are already getting sacked. I have seen some arguments that this coming recession wont have the real big unemployment spike like some previous ones but a lot of good paying jobs will be gone and the lower paying ones will not recover most of the real wages they have lost to inflation.
 
What are you waiting for? Friday I filled up @3.02 a gallon at BJ's Club. Oil prices have no place to go but up considering this administration and the current state of affairs world wide. We have plenty of oil to last 100 years or more but don't have refinery capacity to keep up.

I think the national average is $ 3.53 right now but normally I would assume that drops some when the recession officially gets going but all these lefties have crapped so screwed up it might not.
 
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I think the national average is $ 3.53 right now but normally I would assume that drops some when the recession officially gets going but all these lefties have crapped so screwed up it might not.
Well looky here. This morning's article....... Nostradamus Navigator? :oops:

 
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Well looky here. This morning's article....... Nostradamus Navigator? :oops:


The only thing is Goldman is notorious for running articles against their actual actions in the markets. Might look and see if they said similar things about oil prices in the past when they actually fell some.
 
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