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Has the Recession Been Cancelled?
- nutcracker46 8y agoThat's the opinion of a Trumpian shill, one who should have the experience to know: 1) Predicting the time of economic tops and bottoms is usually inaccurate. 2) Reading economic variables and predicting a change in cycle phase is usually accurate. The yield curve, company earnings reports, commodity and energy usage trends all point to an economy which is maxed out. Interest rates are at a minimum. Energy prices have increased from their minima. New home sales and construction: past peak. Employment: top of the curve. It is anyone's guess how long the economy hovers where it is before contracting, but it will contract.
- tomComb 8y agoThe impact of the stimulus can only last so long, and eventually you've got to pay it back down. So, the recession had better be cancelled because we've already blown all the money that we would normally use to stimulate ourselves out of that recession. Stimulating heading into the peak of a recovery seemed like a crazy idea to me.