Results 1 to 3 of 3

Thread: Fear Factor for U.S. Consumer Is Rising, Fueling Recession Risk

  1. #1
    HipKat's Avatar
    Fah Q

    Status
    Offline
    Join Date
    Mar 11, 2017
    Posts
    6,416
    Groan
    0
    Groans: 0

    Fear Factor for U.S. Consumer Is Rising, Fueling Recession Risk

    https://www.bloomberg.com/news/artic...k?srnd=premium

    If self-reinforcing recession fears are the greatest risk to the record-long U.S. expansion, as posited by Bank of America Corp. Chief Executive Officer Brian Moynihan, the latest consumer sentiment report hinted that those concerns may be starting to emerge.

    “We have nothing to fear about a recession right now except for the fear of recession,” Moynihan said in a Bloomberg Television interview Friday. Recession risks are low because of steadfast household spending, which remains the backbone of the economy, he said.

    Indeed, government figures this week showed retail sales advanced in July by a hearty 0.7%, the most in four months. Purchases in the so-called control group subset, often seen as a better indicator of underlying demand, rose an annualized 9.7% in the three months through July, indicating a solid start to the third quarter.
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind, never even considered for mass production.
    Too weird to live, and too rare to die.”


    Twitter: @HKTheResistance

    HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856
    I’ll just forward them to Bridgett. comssvet11
    Seek help. soflabillsfan

  2. #2
    Guinnessron's Avatar
    Range Member

    Status
    Offline
    Join Date
    Oct 14, 2011
    Posts
    652
    Groan
    0
    Groans: 0
    In this age of too much information, it’s amazing that media focus/bias can affect the markets. Because they know it’s the one thing that can virtually guarantee a Dem victory in 2020, the news cycle calling for a recession might actually cause enough panic to cause a recession. Shit Bill Mahar has gone as far as to explicitly say he hopes we have one. It’s insane.

  3. Rock on:

    jc856 (08-17-19)

  4. #3
    StraightJ's Avatar
    Range Member

    Status
    Offline
    Join Date
    Sep 7, 2003
    Posts
    15,791
    Groan
    0
    Groans: 0
    I'm a bit disappointed. I thought this thread would have some useful Joe Rogan videos like Jungle posts(being he was the host of Fear Factor)...but instead it's more fear porn like the usual nonsense.
    "I don't think I'm easy to talk about. I've got a very irregular head. And I'm not anything that you think I am anyway".
    -Syd Barrett, founder of Pink Floyd. Rolling Stone, December 1971

    https://oathkeepers.org/about/

    Europa: The last Battle is the new best documentary in existence: https://search.bitchute.com/renderer...he+Last+Battle

    https://nativeamericanchurches.org/

    My adopt a Bill is LeSean McCoy

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •