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Oh dear, we are heading for a recession worse than the last but with even few economic instruments to recover from it and even less political will and stability
by secfirstmd 10y ago
Oh dear, we are heading for a recession worse than the last but with even few economic instruments to recover from it and even less political will and stability.
- mrep 10y agoAnd this is based off of?
- jazzyk 10y ago- The US debt is almost double of what it was in 2008. - Interest rates are already close to zero. The Fed is out of ammunition this time around...
- toomuchtodo 10y agoAuto sales are slowing [1] [2], subprime auto loans are beginning to default [3]. [1] http://www.bloomberg.com/news/articles/2016-10-27/ford-profit-falls-less-than-forecast-aided-by-cost-controls http://www.bloomberg.com/news/articles/2016-10-27/ford-profi... [2] http://autoweek.com/article/car-news/ford-mustang-plant-temporarily-idled-after-sales-plunge-32-percent http://autoweek.com/article/car-news/ford-mustang-plant-temp... [3] http://www.marketwatch.com/story/losses-on-stretched-subprime-auto-loans-will-deepen-into-year-end-2016-09-30 http://www.marketwatch.com/story/losses-on-stretched-subprim...
- ianai 10y agoand your prognostication of doom?
- empath75 10y agoIf US debt were a problem, interest rates would rise.
- secfirstmd 10y agoThere is essentially no other stable place to put your money though these day...
- adnzzzzZ 10y agoRates can't rise without significant damage to the economy. They've been 0 for so long for a reason. Last year they went up by 25 basis points and 2 weeks later the stock market plunged and stayed in that state for months.