08-14-2019, 06:25 PM
(08-14-2019, 06:04 PM)Goalpost Wrote: What's interesting is that our economy is fine. It's the world economies that are bad. Germany reported a shrinking GDP today. Europe is also dealing with Brexit. Japan has just been so so. And of course China is messing with their currency to offset tariffs. Hong Kong is a story also. The inverted yield curve is an issue but it has not happened to my knowledge at such a low rate..under 2 percent. It's a recession predictor.
Our economy is not fine. Consumer debt is at a record high and default on loans has been growing for almost two years. Wages have remained stagnant while the stock market and earnings of the 1% has skyrocketed. Manufacturing is down, new house sales/construction is down.
