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Old 07-16-22, 08:16 AM   #3684
MaDef
Ace of the Deep
 
Join Date: Oct 2007
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Quote:
Originally Posted by Rockstar View Post
On July 1st the Atlanta FED GDP Tracker pointed to negative growth which indicated we are ‘technically’ in a recession.

https://www.cnbc.com/2022/07/01/atla...recession.html




15 days later we got bookies taking bets on the odds of something that’s already happened. Ante up

Odds of US Recession Within Next Year Near 50%, Survey Shows

https://finance.yahoo.com/news/odds-...113500717.html
Anybody that didn't see a recession possibility with Gov. mandated shutdowns coupled with the corona-virus "relief" packages is an idiot.

Trump started the ball rolling with the first "relief" package, and Biden has done nothing but exacerbate the problem with his EO's and His "Green Policy" directives since he took office.

It is also my firm belief that had Trump remained in office, He would have addressed the rising inflation head-on and instead of 9% (and rising) inflation, it would be at a more manageable 3-5%.
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