There's a $6.6 trillion reason the US might be nearing a recession

they been speculating another recession for the longest ever since the one that just happened.

Reminds me of those ppl who try to predict the end of times who are never right
 
JayzOnMyToes said:
they been speculating another recession for the longest ever since the one that just happened.

Reminds me of those ppl who try to predict the end of times who are never right
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Supposedly this one has been more difficult to place because of the government artificially keeping the economy afloat via QE and bailing the banks out.
 
****, the way the job market is here it still feels like 2008
 
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Companies are laying off workers, buying back their own stock with free money as Yellen keeps interest rates near zero. This leads to a false assumption that stock market record highs = healthy economy. :nerd:
 
Corruption or not it seems to be working for China and Japan. Would be nice to get offers that didn't require me to totally relocate.
 
Ehh, I'm not buying it. Corporate debt is just the price of doing business. Also, depending on who you ask, corporations are seeing record profits; so which side of the coin reflects the truth? To me, this article just sounds like a veiled attempt to maintain the current business and economic climate of the U.S, which invariably benefits corporations.

The Fed's QE policy effectively transferred (and continues to transfer) wealth from Main street to Wall street via low interest rates. These corporations have essentially been eating for free thanks to the starving US citizenry, and the Fed has been the middle man facilitating this injustice. After 7 years QE, a reversed correction has been long overdue as a matter of practicality, if not for "justice". But do you think these corporations and their cronies are gonna sit there quietly and give up their free, tax payer provided, lunch? Hell nah. They're going to ***** and moan and claw to hell. They're going to lobby on Capitol Hill in secretive, closed door meetings and change policy in their favor; and on main street, they're going to write and/or sponsor articles like this that presents their interests in the light of public, socio-economic good. I'm not saying the "data" os fraudulent; I'm saying that "data" can be manipulated to fit any agenda. If we do enter a recession, it won't be because of U.S corporate debt (although that will play some role, obviously). It will be because of China.

But I'm no economist, so what do I know.





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AceBoogie said:
Corruption or not it seems to be working for China and Japan. Would be nice to get offers that didn't require me to totally relocate.
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I agree but nothing starts because politicians are still arguing about how it will get done.

Who pays for it
Who gets to choose the contractors
Where things travel
What happens first

etc.

Im not an economist or politician so I have no idea how to fix it but its something that I think everyone agrees on but nothing big has happened.
 
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