The Trump Recession Begins

[BluesLegend]

Trump inherited (fill in the blank) from Obama. This form needs no revision for the next 8 years, payback is a bitch isn't it.

 

[kaz]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

Don't you think it appropriate to get him sworn in first? Moron?

It wasn't appropriate for your MessiahRushie, so the precedent has been established.

January 15,2009
RUSH: It's entirely fair to call this Obama's stock market because it's reacting to what Obama's plans are for the economy. It's not reacting to Bush. Bush isn't on anybody's mind here.

We know that Republicans are intellectually bust, that's no reason to emulate them though.

You and who else, Queen Elizabeth?

 

[Indeependent]

The 8 year Obama recession will be difficult to fix.....

There has been NO Obama recession, even though the Right have been predicting that "double dip" for all 8 years. Trump will, like every Republican president, overheat the economy creating a bubble that he will burst so he and his fellow cash rich tycoons can scoff up properties at well below their true value.
Don't doubt me!

We've been in a dismal growth at 1.2% gdp. I don't know it that's technically a recession but it isn't good. It's impossible for Trump to fuck it up worse. What halfwits like you fail to receive is that dems do not like to cut spending. At all. Any cut back is advertised as the end of our civilization. America is much more aware of that now and Trump is the type of guy that won't roll over and play nice guy when hammered with leftist bullshit.

You lost, suck it up like a man.

No fuck up is impossible for Trump.
Don't doubt me.

No doubt success will look like a fuckup to you LWNJ fuckups....

Just like 78 months of growth looks like a fuckup to you, and losing 700,000 jobs in one month looks like success to you.

You make $9.00/hour?

 

[Iceweasel]

It's being called the Trump boom. Poor little libs.

To be followed by the Trump bust. You can't have a recession without a boom first.

A healthy capitalistic economy always has a correction.

There is nothing healthy about a boom & bust economy. On the bust you loose all the gain on the boom.

So flatlining is better? We've had an average low of 3% gdp growth and have been nowhere near it. Most people didn't buy what you're selling.

Right, with that average low of 3% we've had 10 recessions, one every 4 years since WWII. With Obama's slow and steady growth without overheating the economy we've had no recessions, in spite of all the prayers by the Right for a super great recession.
Praise God.

LOL, you're a real economist. This is a historically long recession and growth does not cause them. Stick with your day job.

 

[AntonToo]

You and who else, Queen Elizabeth?

Me and the guy I was quoting numbnuts.

 

[Remodeling Maidiac]

Ahhh this thread is funny. Europe's Mars Lander crashed on the surface of Mars recently. I bet that is attributed to Trump too

 

[kaz]

You and who else, Queen Elizabeth?

Me and the guy I was quoting numbnuts.

Liberals really need to feel like you're part of a herd

 

[AntonToo]

You and who else, Queen Elizabeth?

Me and the guy I was quoting numbnuts.

Liberals really need to feel like you're part of a herd

Whatafluck? How does that make any sence in the context of me DISAGREEING with the guy I was quoting?

Look buddy, Kaz, take your two cents and shove them up your ass mmk? You don't need to respond to me just to say something back.

 

[ColonelAngus]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

THE DOW IS UP ALMOST 500 POINTS SINCE TRUMP WON.

You post is UTTER handwringing BULLSHIT.

 

[P@triot]

The markets have exploded at the news of Republicans controlling the United States again. As Warren Buffet once said "money flows towards opportunity". There is zero opportunity in Dumbocrat socialism. The markets know that. And like everything else, edthecynic clearly does not.

 

[edthecynic]

To be followed by the Trump bust. You can't have a recession without a boom first.

A healthy capitalistic economy always has a correction.

There is nothing healthy about a boom & bust economy. On the bust you loose all the gain on the boom.

So flatlining is better? We've had an average low of 3% gdp growth and have been nowhere near it. Most people didn't buy what you're selling.

Right, with that average low of 3% we've had 10 recessions, one every 4 years since WWII. With Obama's slow and steady growth without overheating the economy we've had no recessions, in spite of all the prayers by the Right for a super great recession.
Praise God.

LOL, you're a real economist. This is a historically long recession and growth does not cause them. Stick with your day job.

The Great Bush Recession ended Juns 2009. There has been no recession since, but Trump will end that soon enough.

Business Cycle Dating Committee, National Bureau of Economic Research

CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months.

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The trough marks the end of the declining phase and the start of the rising phase of the business cycle. Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.

The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date.

 

[Claudette]

Used to be you had to have a large down payment to buy a house. That is until Barney Frank and the rest of those morons came along with Fannie Mae. Then anyone who wanted a house, whether they could afford it or not, got a house. A house they soon went bankrupt on because they couldn't afford a house. They just walked away and left the taxpayers with their debt.

 

[Iceweasel]

CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months.

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The trough marks the end of the declining phase and the start of the rising phase of the business cycle. Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.

The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date.

So we are in an obama recession. Thanks!

 

[edthecynic]

Used to be you had to have a large down payment to buy a house. That is until Barney Frank and the rest of those morons came along with Fannie Mae. Then anyone who wanted a house, whether they could afford it or not, got a house. A house they soon went bankrupt on because they couldn't afford a house. They just walked away and left the taxpayers with their debt.

LIAR!

 

[edthecynic]

CAMBRIDGE September 20, 2010 - The Business Cycle Dating Committee of the National Bureau of Economic Research met yesterday by conference call. At its meeting, the committee determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II. Previously the longest postwar recessions were those of 1973-75 and 1981-82, both of which lasted 16 months.

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month. A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. The trough marks the end of the declining phase and the start of the rising phase of the business cycle. Economic activity is typically below normal in the early stages of an expansion, and it sometimes remains so well into the expansion.

The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date.

So we are in an obama recession. Thanks!

Nope, the Trump Recession, soon to be the Great Trump Depression.

 

[Claudette]

Used to be you had to have a large down payment to buy a house. That is until Barney Frank and the rest of those morons came along with Fannie Mae. Then anyone who wanted a house, whether they could afford it or not, got a house. A house they soon went bankrupt on because they couldn't afford a house. They just walked away and left the taxpayers with their debt.

LIAR!

LMAO Clueless idiot.

 

[edthecynic]

Used to be you had to have a large down payment to buy a house. That is until Barney Frank and the rest of those morons came along with Fannie Mae. Then anyone who wanted a house, whether they could afford it or not, got a house. A house they soon went bankrupt on because they couldn't afford a house. They just walked away and left the taxpayers with their debt.

LIAR!

LMAO Clueless idiot.

Yes you are. It was Bush who eliminated the down payment, even to those with bad credit!!!

 

[g5000]

Dow futures pare losses, down about 500; safety breakers stop Nasdaq, S&P 500 spirals

Dow futures briefly dropped more than 800 points and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House. Dow futures were trading about 500 points lower as of 2:14 a.m., ET.

Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent.

That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.

This post reminds me of EconChick (a.k.a. Sassy) creating a celebratory topic a couple/few years ago in which she said the economy was crashing based on a single bad day on the stock market.

It puzzles me why people get so fucking gleeful over bad news that hurts America and our people, putting their hack partisanship ahead of country.

 

[Claudette]

Used to be you had to have a large down payment to buy a house. That is until Barney Frank and the rest of those morons came along with Fannie Mae. Then anyone who wanted a house, whether they could afford it or not, got a house. A house they soon went bankrupt on because they couldn't afford a house. They just walked away and left the taxpayers with their debt.

LIAR!

LMAO Clueless idiot.

Yes you are. It was Bush who eliminated the down payment, even to those with bad credit!!!

Its was Barney Frank and his cohort who kept telling everyone there wasn't a problem with Fannie Mae. They told that lie all the way up to the collapse of Fannie.

Oh and douchebag has run the country for the last eight years so just who do you think will be blamed when this mystical depression occurs??

 

[DigitalDrifter]

Seven straight days of market gains since the election.

The OP should be hoping this thresd disappears and stops making him look like the fool for starting it.