So, where's the recession?

[bmw]

-Wages are up 3.1% from a year ago.
-Unemployment dipped again to 3.5%
-266,000 jobs created in November (expected was 187,000)
-Dow Jones average over 28,000, very near an all-time high. Up 55% since Trump was elected.

I laugh at all the dooms-dayers who for years now have been insisting that a recession is just around the corner. I hate to break it to you, but it ain't.

[TC Talks]

You like surfing the web, you tell us if the indicators have changed. If they haven't perhaps it's not running on your agenda.

https://www.google.com/amp/s/www.bloomb ... dds?espv=1

[TC Talks]

Many of the metrics you prefer absolutely ignore the health or welfare of people.

It offends me that employment data is measured completely from an exploitive basis that only really impacts investors and corporate executives.

[Deleted User 14990]

I could see a 1990-91 type of recession yes. No matter who is in office, that can happen. Things are not as great as The TV wants you to think.

[Turkeytop]

Many of the metrics you prefer absolutely ignore the health or welfare of people.

It offends me that employment data is measured completely from an exploitive basis that only really impacts investors and corporate executives.

You ever notice, whenever a Company announces mass layoffs, the stock market reacts by boosting the value of their shares. There is a total disconnect between the investor class and the working class.

[bmw]

Actually, layoffs usually lead to a slide in stock prices since layoffs are not often a sign of good financial health.

[bmw]

...I will say this - electing a socialist to the office of U.S. President would be horrible from a financial markets perspective, would likely cause all major market indices to plunge, and would greatly raise the cost of capital.

A lot of what you wrote was over my head as this isn't my area of expertise, but do you think that a Democrat (in particular someone like Bernie or Warren) winning in 2020 would quickly trigger a recession? I do think that if Trump wins re-election that this economic boom can't last for another 4 years, or at least not at the pace its been going for the past 3 years, but I do worry that given just how strong the economy is right now that electing one of the far left Democrats could cause a domino effect after a market plunge that could quickly lead to recession.

[Ed Joseph]

For most of the working class, the recession of 2008 has never ended. The economy is bad still for the "common folk". Only the higher classes are doing well. However, since the working stiffs and especially the poor are nothing more than expendable wallets, it really doesn't matter anyways.

[Deleted User 14990]

Well.. the economy just might be heading towards a downturn by this time next year, regardless of who we "elect" as our next master.

[bmw]

The one thing I would add here is that Republicans are highly likely to retain control of the Senate. Even if it were 51-49, I don't see even the most wishy-washy of Republicans siding with someone like Bernie or Warren on much of anything. That would be the one firewall (and a pretty strong one too) against a socialist doing too much damage.

[Y M Ionhere]

A lot of what you wrote was over my head as this isn't my area of expertise, but do you think that a Democrat (in particular someone like Bernie or Warren) winning in 2020 would quickly trigger a recession?

Biden or Buttigieg likely wouldn't.

Bernie or Warren almost assuredly would.

Buttigiegs proposal of a $15 minimum wage would NOT?
I firmly believe that most small businesses cannot afford that and will have to cut positions to accomodate it, or put everyone on part-time status.

[Y M Ionhere]

For most of the working class, the recession of 2008 has never ended. The economy is bad still for the "common folk". Only the higher classes are doing well. However, since the working stiffs and especially the poor are nothing more than expendable wallets, it really doesn't matter anyways.

If thats true,why are we seeing almost record low unemployment? Our unemployment rates wouldnt be like this if a large segment of the work force was excluded.
Im working class. Was offered a job a few months ago ( low skill, entry level). Left after a little over a month because I was offered an even better, higher paying working class job.
Sorry, but I see the opposite. The working class and entry level workers have more opportunities than anytime in the past 18 years.