Is the White House trying to engineer a recession? This Wall Street pro explains the vision. Basically says Trump wants rate cuts more than a healthy economy, and has some vision of crashing the economy to see if we can rebuild it without government spending. Is that what you voted for?
Come on man! You know that’s not what they voted for. They voted for the stand up comedian that tries to own the libs. The country can go round the bowl and down the hole for all they care as long as someone owns the libs.
You can find a wall street pro that'll say anything. I strongly expect gov spending to continue to increase. Further there are goods that the Mkt does not produce that will continue to be produced by the public sector. Also, Trump seems to be centralizing not decentralizing power. From tariffs to build it here or else, he seems to be the regulation king.
Throw in some protests, marshal law, Cash Patel and Pete Hegseth sicking the DOJ and Military on them. . . Trump for life.
I have no doubt he will press for lower rates; he was even was floating the benefits of negative interest rates at one point and clearly signaled that he believes he can tell the Fed what to do. I'm very skeptical of this intentional recession theory though. I suppose if they think there's a recession on the horizon already, they could be trying to accelerate it so they can blame Biden in the short term and later take credit if and when things improve.
Hey libertarians are figuring something out about economic liberalization projects, maybe Friedman's guy Pinochet wasnt a small government guy after all. Turns out the void of government is always filled by gangsters and protection rackets.
Nah, he’ll just tell his true believers that rescissions are great, and his recession is the best ever, even better than his first recession, and they will all gladly repeat that. It wouldn’t surprise me if people in his admin are floating this kind of stuff, so if we do hit a recession, they have front run the news with “this is all part of the bigger plan”..
What is the new definition of a recession? it used to be two consecutive quarters of negative growth but the last administration changed that when we had two consecutive quarters of negative growth in 2022. is that back on?
I had to look this up. It seems you are right & that has always been my understanding of the def of a recession & I am an economist. Hence, 'ats a good question. google AI sez this. While the US economy did experience a decline in the first two quarters of 2022, economists and other data sources did not consider it a recession. The National Bureau of Economic Research (NBER) is the official arbiter of US recessions, and they did not declare a recession in 2022. I don't know what the pt of of a def is, if it can be overridden. For the record, I declare it a recession.
That’s not entirely true. The CNBC talking head definition of recession is “two negative GDP quarters”. The official NBER definition considers “other indicators”, and specifically high unemployment, before a recession is declared. There was no recession declared under Biden because employment remained strong. This is also not “a change” that happen under Biden either. Here’s a link from 2020 that has the same definition used today. Trump was president in 2020 when this was published by the NBER. You can find these links with similar definitions going back decades…. “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. “ Business Cycle Dating Committee Announcement June 8, 2020
