The Dumpsterfire Economy

[Rajoo]

Originally Posted by nailer

Why are you ?

I assumed you had a background in finance, not engineering. Fooled me.

[nailer]

Originally Posted by Rajoo

I assumed you had a background in finance, not engineering. Fooled me.

My finances are in very good shape and I haven't done a lick of engineering since graduating.

[Rajoo]

Originally Posted by nailer

My finances are in very good shape and I haven't done a lick of engineering since graduating.

Congratulations.
I got straight C's in EE (requisite sequence for ChE) after getting introduced to Messrs. Thevenin and Norton, a pair of buffoons if you ask me.

[nailer]

Originally Posted by Rajoo

Congratulations.
I got straight C's in EE (requisite sequence for ChE) after getting introduced to Messrs. Thevenin and Norton, a pair of buffoons if you ask me.

I got my best grades in the classes I wasn't forced to take.

[Rajoo]

Donald Trump is all teed up for his biggest hole-in-one

Let's see if he can sink the economy along with everything else.



https://www.washingtonpost.com/peopl...=.a989680b4b0c

Edit: The image size does not do justice for this cartoon, sorry.

[Chicks]

Investors Should Brace for a 'Frightening' Recession

As if paper losses of $20K yesterday wasn’t fun enough... Don’t worry, though, Donny’s in charge, and Whell says we can trust him!

https://www.investopedia.com/news/in...ing-recession/

Billionaire hedge fund manager Paul Tudor Jones, noteworthy for predicting the 1987 stock market crash, is becoming increasingly worried about the direction of the U.S. economy and stock market. "The next recession is really frightening because we don’t have any stabilizers," he said on June 18, as quoted by MarketWatch. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers," he added. Jones was participating in a Talks at GS event, interviewed by Goldman Sachs CEO Lloyd Blankfein. Former Federal Reserve Board Chairman Ben Bernanke also warns that the U.S. economy is likely to nosedive, once the massive dose of fiscal stimulus delivered by federal tax cuts and spending hikes wears off.

[Dondilion]

We are due for a recession.

DJ inherited Obama's bubble.

Claiming it was a huge error on DJ's part.

He had pointed out all the funny statistics and dubious features of the economy when he was not president, but as soon he became president he conveniently forgot all his critical points.

[nailer]

Obama just happened to be president when the rip repair was completed and the bubble began reinflating. Trump is putting stress on the bubble that Hillary and the failed Republican primary candidates wouldn't have. Our stock market bubble will eventually burst due to BESF (bubble expansion stress fatigue).

A difference between the parties is that Republican policies tend to inflate the bubble at a faster rate thus increasing BESF. That they cut taxes without cutting spending further increases BESF.

[Dondilion]

Originally Posted by nailer

That they cut taxes without cutting spending further increases BESF.

True!!

[Chicks]

U.S. cruises toward record-breaking debt on Trump's watch

https://www.politico.com/story/2018/...records-651929

The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.

Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.