The next recession is already here—and there isn't much the Fed can do


#1

And today Hillary was giving a speech, really pushing how great it is that Obama has saved the economy and how everyone is doing better now.

While investors have been focused on the perennial failed hope for a second half economic recovery, they have been missing the most salient point: the U.S. most likely entered into a recession at the end of last quarter.

That’s right, when adjusting nominal GDP growth for core consumer price inflation for the average of the past two quarters, the recession is already here. But before we look deeper into this, let’s first look at the following five charts that illustrate the economy has been steadily deteriorating for the past few years and that the pace of decline has recently picked up steam.

The next recession is already here


#2

I didn’t know we were out of the last recession (cooked unemployment rate numbers not withstanding)…


#3

The govt books have been cooked since the day OButtBoy took office


#4

Even though this was obvious to most of us (recession), I posted it because of where it came from … CNBC!
(NBC online)


#5

The economy is imploding.

As managed, Command-and-Control economies always do.

The Fed could do nothing about the 2008 Recession, which was a CORRECTION of mis-allocated resources…they could do nothing but let it work out. Had they DONE nothing we’d have been out of it by mid-2009.

They made it worse and interjected MORE problematic factors.

Now the bill is coming due.


#6

[quote=“JustPassinThru, post:5, topic:48900”]
The economy is imploding.

As managed, Command-and-Control economies always do.

The Fed could do nothing about the 2008 Recession, which was a CORRECTION of mis-allocated resources…they could do nothing but let it work out. Had they DONE nothing we’d have been out of it by mid-2009.

They made it worse and interjected MORE problematic factors.

Now the bill is coming due.
[/quote]You are exactly right, but unfortunately no side of the aisle believes this. Economic illiteracy is the rule of the day. That illiteracy is the same reason populist anti-free trade economics can be so popular even among the rebel camps (Trump and Sanders) on both sides. They blame China and Mexicans. Neither major party candidate will address this the way he or she must to solve the problem.


#7

I don’t care how good or how bad things are, they can always get worse and do so the minute any govt decides it can managed it better than the market forces.

What if the $1+ Trillion in debt was given to the middle class instead of bailing out banks, GM etc. We would be far better off, far sooner…


#8

Iceland did that and sent those responsible for the financial crisis to prison.