Mainstream Economics Thread

[sonofdaxjones]

Economics by feel . . . Deep insight from #blueanongE

It’s not a recession until we say so . . .


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You have to give it some time to determine if you are actually in one.

We won't be in one if they send Don Trump out with some notecards that say we're not in one . . . that's how it works these days

You do know that neither the president nor the Treasury Secretary have anything to do with determining whether or not we're in a recession.

Yes, I do know that, it's the people that "know a recession when they see it" who do that.

Then why don't you just take the NBER's word on whether or not we're in a recession and leave it at that?

At minimum we had a soft recession under Joe Biden.

It's also fascinating to watch people like you wholly avoid some things.

I just posted two significant things. Personal debt hit an all time record high under Joe Biden. Why?

I also posted the proverbial canary in the coal mine article about government backed mortgages . . . we've seen this move before, haven't we?

If the economy was so incredible under Joe Biden, why did American's turn to debt to pay for the basics at record levels?

We are at pre 2007-2008 levels of auto loan defaults as well, or at least we were not that long ago.

There's literally articles out there trying to blame non-existent tariffs or tariffs that weren't even in play for the high level of auto defaults.  My gawd 

[wetwillie]

Trump will probably attempt to defund NBER when they roll out the R word. 

[LickNeckey]

It will be considered a recession when Dax says so

[sonofdaxjones]

Friday Deflection Theater with #blueanongE is rolling hard now

[Justwin]

Economics by feel . . . Deep insight from #blueanongE

It’s not a recession until we say so . . .


Sent from my iPhone using Tapatalk

You have to give it some time to determine if you are actually in one.

We won't be in one if they send Don Trump out with some notecards that say we're not in one . . . that's how it works these days

You do know that neither the president nor the Treasury Secretary have anything to do with determining whether or not we're in a recession.

Yes, I do know that, it's the people that "know a recession when they see it" who do that.

Then why don't you just take the NBER's word on whether or not we're in a recession and leave it at that?

At minimum we had a soft recession under Joe Biden.

It's also fascinating to watch people like you wholly avoid some things.

I just posted two significant things. Personal debt hit an all time record high under Joe Biden. Why?

I also posted the proverbial canary in the coal mine article about government backed mortgages . . . we've seen this move before, haven't we?

If the economy was so incredible under Joe Biden, why did American's turn to debt to pay for the basics at record levels?

We are at pre 2007-2008 levels of auto loan defaults as well, or at least we were not that long ago.

There's literally articles out there trying to blame non-existent tariffs or tariffs that weren't even in play for the high level of auto defaults.  My gawd 

There definitely were issues with the economy under Biden and I don't think I've ever said the economy was incredible under Biden.

However, insisting that there was a recession, or a "soft" recession (whatever that is), just makes you look like you can't accept the truth.

[steve dave]

I have some shocking news about dax and accepting truth

[sonofdaxjones]

NBER Chair - Worked for Barry Obama 

NBER Vice Chair - Worked for Barry Obama 

[sonofdaxjones]

I've got news for viewers of this blog realtive to #blueanongE deflection theater and total avoidance of the topic . . .

[Cire]

Daxflection engaged


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[sonofdaxjones]

Dax talks about a specific topic and or entity brought up on this blog

It's deflection . . . cire

[sonofdaxjones]

Economics by feel . . . Deep insight from #blueanongE

It’s not a recession until we say so . . .


Sent from my iPhone using Tapatalk

You have to give it some time to determine if you are actually in one.

We won't be in one if they send Don Trump out with some notecards that say we're not in one . . . that's how it works these days

You do know that neither the president nor the Treasury Secretary have anything to do with determining whether or not we're in a recession.

Yes, I do know that, it's the people that "know a recession when they see it" who do that.

Then why don't you just take the NBER's word on whether or not we're in a recession and leave it at that?

At minimum we had a soft recession under Joe Biden.

It's also fascinating to watch people like you wholly avoid some things.

I just posted two significant things. Personal debt hit an all time record high under Joe Biden. Why?

I also posted the proverbial canary in the coal mine article about government backed mortgages . . . we've seen this move before, haven't we?

If the economy was so incredible under Joe Biden, why did American's turn to debt to pay for the basics at record levels?

We are at pre 2007-2008 levels of auto loan defaults as well, or at least we were not that long ago.

There's literally articles out there trying to blame non-existent tariffs or tariffs that weren't even in play for the high level of auto defaults.  My gawd 

There definitely were issues with the economy under Biden and I don't think I've ever said the economy was incredible under Biden.

However, insisting that there was a recession, or a "soft" recession (whatever that is), just makes you look like you can't accept the truth.

Then you can agree with me, that at the end of the day, Shrooms Yellen and friends, left behind multiple crap sandwiches that are now going to have to be dealt with.

We are paying record amounts of interest on the debt, and we have 3 areas that are leading indicators of consumer exhaustion and/or yet another bubble.  Tapped out consumer debt, auto loans and another housing bubble.

There's going to be a lot of really nice used cars available, so that's possibly one good thing I suppose. 

I wonder why retail and Amazon were putting out earnings warnings back in . . . December

[Justwin]

I agree that the economy was decelerating at the end of Biden's term. I also agree that the level of the annual federal deficit was/is not sustainable and that reducing it (to slow the growth of the federal debt) is going to be a drag on real GDP growth and possibly employment.

Consumer spending also seems to be slowing as consumers appear that they may be tapped out.

All of these are things that the Trump administration needs to deal with.

One thing that they are doing to self-inflict reduced economic growth is the imposition of tariffs. Another self-inflicted wound is the general uncertainty they are creating by the way they are doing things (e.g. DOGE). This is a further drag on growth as consumers and businesses pull back on spending when faced with uncertainty.

[sonofdaxjones]

The whole tariff thing somewhat falls on deaf ears with me, simply because it was #blueanon politicians or newly aligned #blueanon politicians which sent us down the path of geo-strategic manufacturing being in peril and elevating a geo-strategic advisory to a level that they are now an extreme concern and rival for the United States.

That in turn cost thousands of American's their jobs and led to a dwindling middle class.

I do agree that the Tariff talk needed to be more measured, but it still needed to be tough.

[sonofdaxjones]

Yet another crap sandwich left behind in a flaccid effort to get Kamala Harris elected . . . along the same lines of draining the SPR to lower gas prices prior to an election.

Wall Street executives who delved into the matter say the Bidenistas were able to paper over the spending though the chicanery of rolling over short-term debt instead of issuing longer-dated bonds that would have caused a spike in interest rates, a stock market selloff and probably a recession.

https://nypost.com/2025/03/14/business/biden-ran-up-insane-bills-before-he-left-the-white-house-heres-how-trump-plans-to-pay-them-down/

[mocat]

The whole tariff thing somewhat falls on deaf ears with me

yeah it seems that way

[sonofdaxjones]

Mainly because one can only take so much #blueanon wailing and infantile level screaming

Particularly when it comes to the guilty AF portion of that whole equation

[catastrophe]

The whole tariff thing somewhat falls on deaf ears with me

yeah it seems that way

Do we need a “Fleeting moments of Dax self awareness” thread?

[BIG APPLE CAT]

The whole tariff thing somewhat falls on deaf ears with me

yeah it seems that way

Do we need a “Fleeting moments of Dax self awareness” thread?

I suppose, if you want a thread with exactly one (1) post

[sonofdaxjones]

As always - #blueanongE avoidance rears its head and that’s why it’s always DerpCon One in #blueanongE world.




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[steve dave]

Dax, you love suckin’ that far right dick no matter what huh? You’d defend this nonsense no matter what amirite?


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[steve dave]

We know the answer but Jesus Christ man just pivoting from hating to gobbling it up is hilarious.


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[star seed 7]

The whole tariff thing somewhat falls on deaf ears with me

yeah it seems that way

Do we need a “Fleeting moments of Dax self awareness” thread?

I understand wanting to attribute this to self awareness but the reality is he's just very stupid

[Katpappy]

The whole tariff thing somewhat falls on deaf ears with me

yeah it seems that way

Do we need a “Fleeting moments of Dax self awareness” thread?

I understand wanting to attribute this to self awareness but the reality is he's just very stupid

Trump, Dax or both?

[sonofdaxjones]

We know the answer but Jesus Christ man just pivoting from hating to gobbling it up is hilarious.


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Look it’s ol cocks and balls all the time SteveDave - where everything he doesn’t like is “far right”

LMAO

If you’re a little perturbed that a couple of POTUS(es) helped massively accelerate China’s technology and manufacturing ascendence at a near exponential rate. You’re “far right”.

So LOL’able




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[sonofdaxjones]

Still an amazing follow

https://twitter.com/johncomiskey77/status/1904246322334408884?s=46&t=-jwPwnR3rKHM9sk9hA7h8g


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