How bad is this economy going to get?

Discussion in 'West Mall' started by AustinHorn24, Apr 1, 2020.

  1. Joe Fan

    Joe Fan 10,000+ Posts

    good point
     
  2. Monahorns

    Monahorns 5,000+ Posts

    Joe Fan, while you are posting graphs from BEA, can you find the one for Gross Output? That needs to be considered along with GDP. GDP is just consumer spending. Doesn't include the intermediate businesses, but GO does.
     
  3. Joe Fan

    Joe Fan 10,000+ Posts

     
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  4. Joe Fan

    Joe Fan 10,000+ Posts

    LOL

     
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  5. Joe Fan

    Joe Fan 10,000+ Posts

    I know a lot of people are nervous about the economy. It’s extremely important. But if I can make you feel better, I’m still gonna be here no matter what.
     
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  6. Monahorns

    Monahorns 5,000+ Posts

    Gross Output will show good numbers too. It is actually more telling than GDP. In the 2008 crash, GO went way down before GDP and recovered more slowly. I was just prodding you to show more good news but also inform the board about this other important economic metric.
     
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  7. Joe Fan

    Joe Fan 10,000+ Posts

     
  8. AC

    AC 1,000+ Posts

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  9. AC

    AC 1,000+ Posts

    I think the stock market has not reflected the awful economic numbers since March. Now that there is no stimulus, let’s see how the markets perform now. Celebrating the 3rd Qtr recovery is good but M2 money supply, interest rates, and debt to GDP are being ignored. We have a widening RSI divergence compared to equity markets which were at all time highs. So look at the big picture! Equity markets are prime for more pullbacks into 2021. Bitcoin, Ethereum, Gold, Silver, Fine Art and no stock. Up 45% since March.
     
  10. Joe Fan

    Joe Fan 10,000+ Posts

    oh boy

     
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  11. Horn6721

    Horn6721 Half of seeming clever is keeping your mouth shut.

    Any Dems on here for this ^
     
  12. Duck Dodgers

    Duck Dodgers 500+ Posts

    The proper response from small business owners with regards to a lock down, implemented by government employees (including those in colleges), who won't miss a single paycheck, nor a single retirement point, and by nature won't affect politically connected companies like WalMart and Amazon, is to riot, throw rocks and bottles and police, and set fire to various Amazon distribution centers. If there's anything that I've learned from this year, it's that's the proper response.

    Now the response to those riots, unlike that of the summer, would be live ammo from the National Guard, backed up by the US Military, all cheered on by the Media who would glowingly report about how Slow Joe had put down an rebellion.
     
  13. Joe Fan

    Joe Fan 10,000+ Posts

    They are waiting to be told what to think
     
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  14. Joe Fan

    Joe Fan 10,000+ Posts

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  15. Monahorns

    Monahorns 5,000+ Posts

    Abbott can go to hell.
     
  16. Horn6721

    Horn6721 Half of seeming clever is keeping your mouth shut.

    Mona?
    Would you be against Nasdaq moving to Texas?
     
  17. theiioftx

    theiioftx Sponsor Deputy

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  18. Joe Fan

    Joe Fan 10,000+ Posts

    i think the NDAQ only employs about 4000, with revs of over $4 Billion
    Most of their product is technology
    I would welcome them
     
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  19. Horn6721

    Horn6721 Half of seeming clever is keeping your mouth shut.

    Plus if they choose Austin will fit right in and not dilute any other place
     
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  20. nashhorn

    nashhorn 2,500+ Posts

    They won’t bring more tent city dwellers will they?
     
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  21. Monahorns

    Monahorns 5,000+ Posts

    Don't know. I just hate Abbott's crony a$$.
     
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  22. WorsterMan

    WorsterMan 10,000+ Posts

    Why?
     
  23. Monahorns

    Monahorns 5,000+ Posts

    Because he illegitamately enacted a mask mandate and business shutdowns. Also, he supports a Speaker of Texas House who is a R that votes like a D.

    Why don't you hate him?
     
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