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Old 03-17-2021, 12:53 AM
Gwaihir Gwaihir is offline
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Join Date: Mar 2020
Location: SJ
Posts: 2,181
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To clarify on the last part, February/March 2020s market downturn technically qualifies as a "recession".

Most people don't consider it a recession, however, because A) it was artificially contrived by hoaxing a pandemic, but more importantly B) it was the fastest recovery from a recession in stock market history in the US, and it occured under Trump's leadership, so that automatically makes it bad to acknowledge, if you're a total dumbass.

Likewise, 2018's "correction" was one of the fastest recoveries from a correction in stock market history as well, and Trump made recovering from a "pullback" a regular occurrence that lasted than a month throughout pretty much all of his presidency.

Sleepy joe is overdue for a pullback, or more likely a correction coming in Q2 or Q3 this year. Meanwhile he is raising taxes on everyone across the board, while celebrating the Fed jacking up interest rates, and later this year the Fed will be forced to announce the inflation rate increases, which most experts are estimating at 6 to 7%. The guy's fucking clueless when it comes to money. It took his and Obama's administration almost 5 years to recover from the 2008 recession. It will be interesting to see how we fare under the helm of a geriatric, with a(n actual racist) prosecuting attorney as his VP.
Last edited by Gwaihir; 03-17-2021 at 01:09 AM..