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Author Topic: Recession or stagflatio  (Read 415 times)

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Offline NH Yankee

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Recession or stagflatio
« on: July 28, 2022, 03:08:25 AM »
What is it that we are in?  The worst recession that I kive through as an adult was 1980's.  This one appears to be worse.  What do you say?
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Offline BUGEYE

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Re: Recession or stagflatio
« Reply #1 on: July 28, 2022, 03:32:02 AM »
The 70s of Jimmy Carter was terrible, interest rates were through the roof.  Home loans were 9% or higher.
The current mess hits everyone of middle and lower class equally with the price of everything shooting up and interest rates are going up fast.
Plus, California is trying to outlaw owner/operator semi tractors which is causing a huge backup of goods out of their ports, and many owners are leaving there for good.
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Offline Casull

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Re: Recession or stagflatio
« Reply #2 on: July 28, 2022, 08:18:40 AM »
All my adult life, I've heard that a recession is defined by two quarters of negative growth.  Well, yesterday it was announced that we officially had our second quarter of negative growth.  Recession?  No.  Now it seems that employment is too high for it to be a recession.  Think we would have been told the same if Trump were president?
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Offline phalanx

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Re: Recession or stagflatio
« Reply #3 on: July 28, 2022, 08:22:48 AM »
Looks like we are heading for a Depression. Will there be soup lines again?
We already have the Hobo's, they are called the Homeless now.
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Offline orerancher

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Re: Recession or stagflatio
« Reply #4 on: July 28, 2022, 10:10:53 AM »
Quote from: phalanx on July 28, 2022, 08:22:48 AM
Looks like we are heading for a Depression. Will there be soup lines again?
We already have the Hobo's, they are called the Homeless now.

I Think the Democrats are Drivin this Country to a Time That's gonna Make the 1930's look Like the 'Good Old Days'...
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Offline nw_hunter

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Re: Recession or stagflatio
« Reply #5 on: July 28, 2022, 11:07:02 AM »
Quote from: orerancher on July 28, 2022, 10:10:53 AM
Quote from: phalanx on July 28, 2022, 08:22:48 AM
Looks like we are heading for a Depression. Will there be soup lines again?
We already have the Hobo's, they are called the Homeless now.

I Think the Democrats are Drivin this Country to a Time That's gonna Make the 1930's look Like the 'Good Old Days'...

It's not just the Demorats. There's enough Repuburats joining in to make their plans work.
Check out one of good ones in the Republican Senate, and what he has to say. IMO, we need more like John Kennedy, and Rand Paul.

https://www.youtube.com/watch?v=s50ntK6z76U
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Offline phalanx

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Re: Recession or stagflatio
« Reply #6 on: July 28, 2022, 01:40:53 PM »
It sounds like a Depression to me. From what I've read about it. Only WWII brought us out of that one. Is it going to take another war again?
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In this time i Command ,That you take the Secular to Jerusalem .
There you rid the Holy City of the Scourge of Islam , Make the streets run red with the Blood of those who wish to wash Israel and Christianity from the face of the Earth.
Constantine III

Offline BUGEYE

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Re: Recession or stagflatio
« Reply #7 on: July 28, 2022, 02:25:58 PM »
Quote from: phalanx on July 28, 2022, 01:40:53 PM
It sounds like a Depression to me. From what I've read about it. Only WWII brought us out of that one. Is it going to take another war again?
There's not many left that will fight.
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Give me liberty, or give me death
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Offline billy_56081

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Re: Recession or stagflatio
« Reply #8 on: July 28, 2022, 04:45:03 PM »
I luckily have a job that provides me a company car and pays for most meals.  I feel for the people driving 20 to 50 miles each way for work and are trying to feed their family.  I  was shocked when I saw a whole chicken cost more per pound then pork.
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Offline ironglow

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Re: Recession or stagflatio
« Reply #9 on: July 28, 2022, 04:55:24 PM »
We got stagflation from Jimmy Carter..  Stagflation is when we have both inflation and recession...something that it appears only a Demonrat can do.
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