The Recession Megathread

[Tamas]

So, the Fed has cut the interest rate, first time in a decade.

We will be in recession by this time next year, I am calling it.

Change my mind!

[katmai]

Well we have the best people on it, and the greatest economy and most loved president ever, so fake news.

[Scipio]

Precession.

[crazy canuck]

Precession.

Its good to you have back Scipio

[merithyn]

Let's just say that I have deliberately kept my options open regarding where to live, etc. Note that I am touring Europe soon, specifically Spain and Italy, two states that I've spent a good deal of time looking into their emigration laws.

This is not news, my friend, to anyone that's been paying attention.

[The Minsky Moment]

Booker is a young multi-ethnic Ivy League law school grad currently serving as a junior Senator, who uses lefty rhetoric at times but has a rep of governing and legislating as a moderate.

The comparison to Obama is hard to avoid and unfortunately it's not that favorable to Booker - Obama is more "cool" in just about every sense and is a more talented public speaker.  Plus Booker has to compete against Obama's VP.

I think if Obama had never been President, Booker's candidacy might have more traction.

[Eddie Teach]

Wrong thread.

[crazy canuck]

Let's just say that I have deliberately kept my options open regarding where to live, etc. Note that I am touring Europe soon, specifically Spain and Italy, two states that I've spent a good deal of time looking into their emigration laws.

This is not news, my friend, to anyone that's been paying attention.

Perhaps not the best choices for riding out the coming storm.

[merithyn]

Perhaps not the best choices for riding out the coming storm.

They've both hit bottom and are heading up (cheap to buy now), plus are buoyed by the EU. There's nothing to support the US when it tanks. Plus, c'mon. It's Spain! Or Italy! If I'm going to ride out a recession, why not go there??

[mongers]

Perhaps not the best choices for riding out the coming storm.

They've both hit bottom and are heading up (cheap to buy now), plus are buoyed by the EU. There's nothing to support the US when it tanks. Plus, c'mon. It's Spain! Or Italy! If I'm going to ride out a recession, why not go there??

I like your thinking, Meri; a friend of mine is going to New Zealand to escape the pending Brexit disaster. 

[Admiral Yi]

Italy is heading straight for the shitter.

[The Brain]

Booker is a young multi-ethnic Ivy League law school grad currently serving as a junior Senator, who uses lefty rhetoric at times but has a rep of governing and legislating as a moderate.

The comparison to Obama is hard to avoid and unfortunately it's not that favorable to Booker - Obama is more "cool" in just about every sense and is a more talented public speaker.  Plus Booker has to compete against Obama's VP.

I think if Obama had never been President, Booker's candidacy might have more traction.

What about Takeheraway?

[Josquius]

Perhaps not the best choices for riding out the coming storm.

They've both hit bottom and are heading up (cheap to buy now), plus are buoyed by the EU. There's nothing to support the US when it tanks. Plus, c'mon. It's Spain! Or Italy! If I'm going to ride out a recession, why not go there??

They're just behind Greece for the worst places to be in a recession?

[Eddie Teach]

Rather be in a recession in Italy than a boom in Zimbabwe.

[crazy canuck]

Perhaps not the best choices for riding out the coming storm.

They've both hit bottom and are heading up (cheap to buy now), plus are buoyed by the EU. There's nothing to support the US when it tanks. Plus, c'mon. It's Spain! Or Italy! If I'm going to ride out a recession, why not go there??

Italy is about as unstable politically as they come and are going hard right.  Spain is a great place to visit for lengthy amounts of time but to actually work there? I am not so sure.

And that is in the best of times.  When another great recession hits those two countries are going to suffer.