Article

2022-07-30 Economy

Trump Warns Something Worse Than Recession Is Coming

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Posted by Besoeker 2022-07-30 00:00|| || Front Page|| [2 views ] Top

#1 More like a depression that lasts for 3-5 years.

Posted by DarthVader 2022-07-30 00:54|| 2022-07-30 00:54|| Front Page Top

#2 ^^^ I tend to agree with the above comment, except the timeline is short, try 6 to 8 years, at a depth, of -19% GDP from baseline 2018, which will make the Great Depression look like a 12-year Recession. Hence the "something worse" Mr. Trump is alluding toward in his comment.

Posted by Glineter Hupush8291 2022-07-30 02:08|| 2022-07-30 02:08|| Front Page Top

#3 Probably not. As I read the financial press, most people expect the Fed to wimp out sometime late this year or early next year.

Which, of course, a la 1975, will just feed a yet more vicious round of inflation which will eventually require a repeat of the horrific 1979-82 recession to cure it.

Posted by Tom 2022-07-30 07:15|| 2022-07-30 07:15|| Front Page Top

#4
My minor article correction.

~~Former~~ President Donald Trump has warned...

Stolen is not Won.

Posted by NN2N1 2022-07-30 08:35|| 2022-07-30 08:35|| Front Page Top

#5 Yeah, another Democrat term is coming.

Posted by Dron66046 2022-07-30 09:46|| 2022-07-30 09:46|| Front Page Top

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