veerigadu Posted June 20, 2021 Report Posted June 20, 2021 If real estate keeps yielding so much money, people might cash out their money from stocks, 401k and bonds. This can trigger stock market downturn which will in turn have a domino effect on all other dependent sectors. Other than this outcome, I don’t see any other possibility of economic slow down. Let them have those printers rolling. Also they might as well keep interest rates low. 1 Quote
chandrabhai7 Posted June 21, 2021 Report Posted June 21, 2021 3 hours ago, veerigadu said: If real estate keeps yielding so much money, people might cash out their money from stocks, 401k and bonds. This can trigger stock market downturn which will in turn have a domino effect on all other dependent sectors. Other than this outcome, I don’t see any other possibility of economic slow down. Let them have those printers rolling. Also they might as well keep interest rates low. Are you following news ?? Interest rates are raising as early as 2022 based on latest Fed meeting minutes Quote
covid1990 Posted June 21, 2021 Report Posted June 21, 2021 3 hours ago, veerigadu said: If real estate keeps yielding so much money, people might cash out their money from stocks, 401k and bonds. This can trigger stock market downturn which will in turn have a domino effect on all other dependent sectors. Other than this outcome, I don’t see any other possibility of economic slow down. Let them have those printers rolling. Also they might as well keep interest rates low. Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 recession can only be triggered if some other dumbo like Trump comes to power again, and starts talking bullshit about countries that are actually serving the US interests, like China. As long as trade is undisturbed, there's no chance of a recession in the west. Europe is an exception because they are dumb enough to not control their own currency. This is the future dude.. Until there are new technologies and new markets opening up, the growth will be very low. I see a civil war, or an authoritarian state as a bigger threat than recession. Since US govt chooses to create unemployment, instead of taxing people at higher rates and aiming for full employment, to control inflation. all these people with too much time and unemployment checks are going to be a problem in the near future. surprise surprise, they will vote for a dumbfcuk like Trump who will promise to take away their unemployment checks, to give them 'dignity'. lol. That will be the domino effect. 1 Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 32 minutes ago, chandrabhai7 said: Are you following news ?? Interest rates are raising as early as 2022 based on latest Fed meeting minutes what's the point? US govt is giving free money to billionaires with bonds. raising the rates just means even more money to the rich. what will that accomplish? money becomes harder to attain for the rest. but still it won't trigger a recession. That ship has sailed. US will mostly descend into a living hell socially. economically, Its in a safe place. China making stuff for them for pennies to keep on living lavishly. Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 If you really wanna make lots of money, you'd be in India. Not in the US. unless you are in the cutting edge of tech, US is a pretty sh1t place to be to make money. If not for immigration, US will be a prolonged multi decade slowdown like Japan. May be that's what a lot of idiots in the US want. Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 Unless the US raises its taxes, and starts a job guarantee program, consider yourself fcuked. not economically, but most likely in street violence. Then there would be no point in crying about which race of people attacked you.. black or white. or if liberals are hypocrites. lol. none of that matters. what matters is US society is on the path of being broken. And when it breaks, immigrants will be the first to feel the after effects of such a breakdown. all your sucking up to whites or blacks, wont save you. Some people who are ready to sacrifice themselves may save you, but only for a little time. Indians should wake up, and not support bullshit emanting from Republicans, and even democrats. Almost everything leads to Indians being fcuked in the ass in the near future. Quote
RoadRomeo Posted June 21, 2021 Report Posted June 21, 2021 10 minutes ago, Raven_Rayes said: Unless the US raises its taxes, and starts a job guarantee program, consider yourself fcuked. not economically, but most likely in street violence. Then there would be no point in crying about which race of people attacked you.. black or white. or if liberals are hypocrites. lol. none of that matters. what matters is US society is on the path of being broken. And when it breaks, immigrants will be the first to feel the after effects of such a breakdown. all your sucking up to whites or blacks, wont save you. Some people who are ready to sacrifice themselves may save you, but only for a little time. Indians should wake up, and not support bullshit emanting from Republicans, and even democrats. Almost everything leads to Indians being fcuked in the ass in the near future. explain how i wanna see all the rich vloggers getting punched on their faces. Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 1 minute ago, RoadRomeo said: explain how increasing number of people in the US have stopped looking for work. And are instead spending time immersed in conspiracy bs about immigrants and racial superiority. The election of Donald Trump, the vitriol against China, which is actually helping the poorest US residents to live somewhat comfortably is proof that US has lost its collective brain. I know US still has lesser racist attacks on the Chinese than, say Canada. US is simply a much better country than Canada. It may not stay that way for long. Quote
veerigadu Posted June 21, 2021 Author Report Posted June 21, 2021 1 hour ago, chandrabhai7 said: Are you following news ?? Interest rates are raising as early as 2022 based on latest Fed meeting minutes They won’t do it. I have been hearing that crap for a while. In hindsight fed made this kind of predictions atleast 15 times in last 10 years. The sitting presidents never allow it to happen as they don’t want to see any economic slow down during their regime. 1 Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 Just now, veerigadu said: They won’t do it. I have been hearing that crap for a while. In hindsight fed made this kind of predictions atleast 15 times in last 10 years. The sitting presidents never allow it to happen as they don’t want to see any economic slow down during their regime. There's no point in raising interest rates. It's not going to control inflation. Quote
veerigadu Posted June 21, 2021 Author Report Posted June 21, 2021 2 minutes ago, Raven_Rayes said: There's no point in raising interest rates. It's not going to control inflation. Agreed. Now the bigger threat is deficit/debt. Fiscal deficit will have its effect on social security and other welfare programs. Oh well they will keep printing more money to address it and debt will balloon further. It’s a never ending saga and perfect abuse of universal currency (dollar). Optimists are not going to address it and pessimists are not strong enough to make it visible on surface. Quote
Raven_Rayes Posted June 21, 2021 Report Posted June 21, 2021 5 minutes ago, veerigadu said: Agreed. Now the bigger threat is debt. It will have effect on social security and other welfare programs. Oh well they will keep printing more money to address it and debt will balloon further. It’s a never ending saga and perfect abuse of universal currency (dollar). debt is not a threat at all. even if interest rates rise to 20%. biggest threat is govt created unemployment. today 33% of the US adult population have stopped looking for work. US govt should print more, and force everyone to work on targeted projects.. probably green energy or some other jobs guarantee program. social security and welfare programs are the only things that are keeping the country from going haywire. US, and every country, can print how much ever it wants to, as long as its prepared to take it back through taxes. US is ultra sensitive on taxes. that's the problem. Not the printing. if anything, US is printing less. Quote
anna_gari_maata Posted June 21, 2021 Report Posted June 21, 2021 Recession is already here, companies are just covering up by inflating cost of goods and displaying bubbled accounts. Once other countries gain traction with economy, dollar will start coming down. This is possibly end of dollar Quote
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