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There's a 98% chance of a global recession.
New York CNN Business —
"Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll.
There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research.
The only other times that recession model was this high has been during severe economic downturns, most recently in 2020 and during the global financial crisis of 2008 and
2009."
Save us, Joe!
I was one class short of an economics minor, and if there is one thing I learned is that economists can accurately predict the economy about as far out as we can accurately predict the weather.There's a 98% chance of a global recession.
New York CNN Business —
"Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll.
There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research.
The only other times that recession model was this high has been during severe economic downturns, most recently in 2020 and during the global financial crisis of 2008 and
2009."
Save us, Joe!
The reverse applies equally. If they don't re-take the house or the senate, the GOP will blame democrats. The thing to remember is that the operative word in the OP article is 'GLOBAL'. No president has much control over a global recession.I'm thinking if the GOP takes back the House and/or Senate, Joe will have someone to blame.
That is just nonsense. Why would anyone want to see their portfolio drop, and pay these ridiculous surges in prices.Republicans and those pretending to be Republicans still desperately hope for a recession. Remember that.
The GOP is already to blame.I'm thinking if the GOP takes back the House and/or Senate, Joe will have someone to blame.
Joe said inflation is a good thing, is he The GOP?The GOP is already to blame.
Not logical, what does someone's comment have to do with what the Republicans have done?Joe said inflation is a good thing, is he The GOP?
If Trump hadn't cut taxes for the rich, he would still be President.It's all Trump's fault!
If Trump hadn't cut taxes for the rich, he would still be President.
That is just nonsense. Why would anyone want to see their portfolio drop, and pay these ridiculous surges in prices.
First of all, I am to blame, for electing George Bush and causing a spectacle, when I had it to do whither soever I wanted.It's all Trump's fault!
So then. when Joe said inflation is good, he was complimenting the Republicans?Not logical, what does someone's comment have to do with what the Republicans have done?
You're probably right, with the way I left the last debate, my work would have been destroyed without his handling of the pandemic, and very difficult otherwise.Na. That was the Chinese bat fever.
Don't know, don't care, don't take anything my elected officials say seriously.So then. when Joe said inflation is good, he was complimenting the Republicans?
I spend a lot of time reading investment articles and have decided that pundits, experts and other miscreants in the financial prediction world don't have a clue what they're talking about. There will be opposing predictions of a) dire warnings of impeding disaster and b) historical bull market rallies daily. Sometimes from people who work for the same investment firms.There's a 98% chance of a global recession.
New York CNN Business —
"Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll.
There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research.
The only other times that recession model was this high has been during severe economic downturns, most recently in 2020 and during the global financial crisis of 2008 and
2009."
Save us, Joe!
It's not nonsense. The GOP has always wanted a good wedge issue to blame on the democrats. It's called owning the libs. They've been secretly praying for a recession for over a year.That is just nonsense. Why would anyone want to see their portfolio drop, and pay these ridiculous surges in prices.
I mean, when a Trumper/GOP fan starts a thread referencing the likelihood of a GLOBAL recession but finishes with a comment mocking Biden for something admittedly out of his control, can there really be any doubt even a harmful wedge issue is more valuable to them than no wedge at all?It's not nonsense. The GOP has always wanted a good wedge issue to blame on the democrats. It's called owning the libs. They've been secretly praying for a recession for over a year.
Tell us what the GQP will do if they win back control. All I keep hearing are revenge strategies and impeachments. I have not yet heard one sound idea coming from a republican lawmaker that will help Americans.
Blame China again?And yes, I'd love to hear of the republican strategy to head this off when they gain the super majority they are predicting in both the house and senate.
Reinstate Trump's energy policies. That would be good start. At some gas stations here, premium (91 octane) is over $7 a gallon.I mean, when a Trumper/GOP fan starts a thread referencing the likelihood of a GLOBAL recession but finishes with a comment mocking Biden for something admittedly out of his control, can there really be any doubt even a harmful wedge issue is more valuable to them than no wedge at all?
And yes, I'd love to hear of the republican strategy to head this off when they gain the super majority they are predicting in both the house and senate.
Because the U.S. has the world's dominant economy and financial system, and because so many economies around the globe depend on the health of the U.S. economy, the fallout was widespread and severe, causing market slumps worldwide and a global economic recession.- Wiki.Still amazes the bejezes out of me how the World economy is all the POTUS' fault.
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