74% of Economists Expect a Recession Before the End of 2021

EatTheRich said:

You are right that a recession is overdue. You are wrong that leftists will welcome it or that the prescription of the only sane means of weathering it reflect anything other than the desire to minimize the carnage,

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they'll welcome it the rich wealthy ones because they are insulated

RickWA said:

I have expected this “recession” (correction) for roughly 3 years.

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Are you going be making other bold predictions too? Maybe you can forecast rain.

RickWA said:

Just as America-hating leftists form a degenerate chorus line of anti-Constitution ambulance chasers seeking to destroy the Second Amendment with each tragedy...they EAGERLY greet any economic downturn with calls to beat down private enterprise with centrally-planned regulatory excess.

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Depends on the cause of the recession.

kaz said:

If by "reliable" you mean correlated, then yes. If you mean cause and effect, then no.

It was only barely and briefly inverted, it wasn't to the point of the inverted yield curves of the past. Also, there were other factors at play here.

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The yield curve inversion is not the cause, it's just a prediction. It's says nothing about the cause. Right-wingers will tell you the media is going to cause the recession. But that's just because right-wingers don't want to take personal responsibility for anything. Always searching for someone to blame.

kaz said:

It may or may not be accurate this time. It's pretty pathetic though you're rooting for it. I thought Democrats cared about the poor and working class? LOL, I'm kidding. I didn't think that ...

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Trump's a dummy for hitching his political fortunes to something that could very well crash right before the election. I am not going to pretend I will not dance on the political grave he is digging for himself.

ObamacareForever said:

The yield curve inversion is not the cause, it's just a prediction.

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That's a far less specific way of saying what I just said

ObamacareForever said:

It's says nothing about the cause. Right-wingers will tell you the media is going to cause the recession. But that's just because right-wingers don't want to take personal responsibility for anything. Always searching for someone to blame

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You mean like Democrats said about Republicans when Obama was President. Sure, Sport. It's only "Republicans" who do that. Gotcha.

Recessions are states of mind though. Of course the media can have an influence on creating a recession. The worst part though which again you whiffed on is not whether the media and Democrat party can cause a recession though, it's that they are trying. The millions of poor and middle class are always political pawns to the hater party who always exploit them for political games then screw them in the arse

ObamacareForever said:

Trump's a dummy for hitching his political fortunes to something that could very well crash right before the election. I am not going to pretend I will not dance on the political grave he is digging for himself.

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No idea what that means. What is Trump hitching his political fortunes to?

kaz said:

Recessions are states of mind though. Of course the media can have an influence on creating a recession. The worst part though which again you whiffed on is not whether the media and Democrat party can cause a recession though, it's that they are trying. The millions of poor and middle class are always political pawns to the hater party who always exploit them for political games then screw them in the arse

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No, recessions are not a state of mind, they have tangible causes, like a real-estate or dot-com bubbles or an oil shock. The media doesn't start recessions, they merely report on them.

kaz said:

No idea what that means. What is Trump hitching his political fortunes to?

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The economy. If it crashes before the election, then no one is going to Republicans on economic issues for the next generations(They shouldn't be now, but some people are equally stubborn as they are stupid)

worldlymrb said:

How about Greenland?

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Na, buying ground zero for climate change sounds is a textbook boondoggle.

ObamacareForever said:

https://finance.yahoo.com/news/economists-survey-34-expect-us-040446447.html

You should probably start looking at safer assets because the Trump recession is a coming.
Maybe Trump should start looking for other things to campaign on. Oh wait... he can't.
He's done.

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So how many economists were polled ? No Answer
And why has the chance of recession dropped among those surveyed?

In Liberal land. 77 is more than 74

Maybe READ what you post first.

The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn't share Trump's optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February. Thirty-four percent of the economists surveyed said they believe a slowing economy will tip into recession in 2021. That's up from 25% in the February survey.

An additional 38% of those polled predicted that recession will occur next year, down slightly from 42% in February. Another 2% of those polled expect a recession to begin this year.

In February, 77% of the economists expected a recession either this year, next year or in 2021.

Nutty Cortez said:

So how many economists were polled ? No Answer
And why has the chance of recession dropped among those surveyed?

In Liberal land. 77 is more than 74

Maybe READ what you post first.

The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn't share Trump's optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February. Thirty-four percent of the economists surveyed said they believe a slowing economy will tip into recession in 2021. That's up from 25% in the February survey.

An additional 38% of those polled predicted that recession will occur next year, down slightly from 42% in February. Another 2% of those polled expect a recession to begin this year.

In February, 77% of the economists expected a recession either this year, next year or in 2021.

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Yes, bury your head in the sand, it worked out so well for you in 2007.

Drumcollie said:

It's 2007 all over again, and Pelosi as Speaker will destroyed the economy, then Team Pelobama lost 800,000 jobs per month

But this time we don't have a President who will sign a Pelosi backed bill. And thank God

that ain't our President.

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Pelosi became speaker in January 2007. In December 2007 the recession officially began...but that was after 2 quarters of negative growth. What legislation did the democrats pass and enact before August of 2007 that caused the recession?
Bush handed Obama a shit sandwich on his way out the door.

Job losses 2008/2009

Constitutional Sheepdog said:

dems were on the job during the last economic crash. Just like that one they talked about the oncoming of a recession every day got control and allowed it to happen.

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The recession happened because Bush and the republicans had been in charge for years.
Pelosi is the majority leader in January 2007. What legislation was passed and took effect between then and the start of the recession?

middleview said:

Trump doesn't know what he is doing. When we point that out to you somehow that is twisted into a prayer for recession.

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Fair point, you're hoping for a recession not praying, since you're godless.

ObamacareForever said:

No, recessions are not a state of mind, they have tangible causes, like a real-estate or dot-com bubbles or an oil shock. The media doesn't start recessions, they merely report on them.

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Democrats know everything. Do you explain medicine to doctors, too? How do you get your head through doorways?

I wish they taught this magical economic class in law school that makes leftist lawyers know more about the economy than economists know. I guess part of the advantage you have over me in actually believing that is that I don't worship lawyers.

I'd discuss your comments on recessions with you in further detail, but you already know everything

ObamacareForever said:

The economy. If it crashes before the election, then no one is going to Republicans on economic issues for the next generations(They shouldn't be now, but some people are equally stubborn as they are stupid)

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This is just more of your partisan LWNJ bull crap. Again ... pass ...

kaz said:

I wish they taught this magical economic class in law school that makes leftist lawyers know more about the economy than economists know. I guess part of the advantage you have over me in actually believing that is that I don't worship lawyers.

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I wish there was magic mirror for right-wingers to see how their dumb*ss, antiquated, idealogy lead them to to their miserable failure of a life. But nope, there isn't. They keep doubling down on the same stuff that hasn't worked for 40 years, because asking a mediocre baby-boomer to reevaluate their idealogy is too much.

ObamacareForever said:

I wish there was magic mirror for right-wingers to see how their dumb*ss, antiquated, idealogy lead them to to their miserable failure of a life. But nope, there isn't. They keep doubling down on the same stuff that hasn't worked for 40 years, because asking a mediocre baby-boomer to reevaluate their idealogy is too much.

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Yes, enlightened people know if you want a healthy economy, the magic bullet is socialism. I feel you. No one in their right mind things economic freedom (capitalism) would ever work. Caring, loving, hard working selfless socialists with the power of guns to impose their will are the way to stimulate an economy. You're really paying close attention, aren't you? That's why when you meet a professional in a subject, that's just an opportunity for you to lecture them that you know everything about everything

kaz said:

Yes, enlightened people know if you want a healthy economy, the magic bullet is socialism.

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Are these the same enlighten people that believe the economy is healthy now? Because they aret unsuprisingly wrong(again).

kaz said:

I feel you. No one in their right mind things economic freedom (capitalism) would ever work. Caring, loving, hard working selfless socialists with the power of guns to impose their will are the way to stimulate an economy.

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Some people understand money is not the most important thing. That is lost on right-wingers.

kaz said:

You're really paying close attention, aren't you? That's why when you meet a professional in a subject, that's just an opportunity for you to lecture them that you know everything about everything

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right-wingers ethos is non-existent. They just want to pontificate about the same idiotic mantras which have failed them for the past 40 years.

ObamacareForever said:

Are these the same enlighten people that believe the economy is healthy now? Because they aret unsuprisingly wrong(again).

Some people understand money is not the most important thing. That is lost on right-wingers.

right-wingers ethos is non-existent. They just want to pontificate about the same idiotic mantras which have failed them for the past 40 years.

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I love you Trump supporters. Always spinning everything

kaz said:

I love you Trump supporters. Always spinning everything

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Who you calling a Trump Supporter? Ya Trump Supporter.

ObamacareForever said:

Are these the same enlighten people that believe the economy is healthy now? Because they aret unsuprisingly wrong(again).

Some people understand money is not the most important thing. That is lost on right-wingers.

right-wingers ethos is non-existent. They just want to pontificate about the same idiotic mantras which have failed them for the past 40 years.

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You know, ObamacareForever. You lecture someone who has way more economics background and experience than you do as if you know everything about economics, which you obviously don't.

You misrepresent my views, calling me a conservative when you know I'm a libertarian.

Just don't lie to yourself and pretend you care about discussing issues, you obviously don't. Don't believe that you're interested in ANY actual discussion. You know when you do those things, you end discussion. Don't pretend otherwise. I tried to answer your questions, but the lecturing from you in response got tired

ObamacareForever said:

Who you calling a Trump Supporter? Ya Trump Supporter.

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You voted for Trump, I didn't. I voted for Gary. And you keep saying you're voting for him against next year. No, it didn't make sense at the time when you voted for Trump like you keep saying it did

kaz said:

You know, ObamacareForever. You lecture someone who has way more economics background and experience than you do as if you know everything about economics,

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You know Kaz, Quit pretending being old makes you wise. It just makes you old. People who have gotten everything wrong for the past 40 years should not be pretending they know anything.