What causes a recession? Maybe it’s you and how grumpy you are about the economy

[BoogyMan]

Did all you grumpy folks out there know that the recession we face is YOUR doing? Not the work of an incompetent and ignorant partisan running the country by taking polls of partisans more ignorant than he. Not the work of his party setting him on a course to destroy the engine of America’s prosperity for over a century. It is YOUR fault, grumpy.

Fortune went out and dug up and adjunct prof., that’s right AN ADJUNCT, to make this idiot claim. I guarantee you this moron has a “Ridin’ With Biden” sticker on his bicycle.

https://fortune.com/2022/06/04/what-causes-a-recession-consumer-confidence-sentiment-inflation/


There’s been no shortage of doom and gloom predictions from Wall Street since the start of the year. From billionaire investors (https://fortune.com/2022/04/06/billionaire-investor-predicts-recession-leon-cooperman/) to former Federal Reserve officials (https://fortune.com/2022/05/04/fed-quarles-recession-is-likely-inflation-response/), the list of experts predicting an impending recession seems to grow day by day.

Despite bright spots like another strong jobs report (https://fortune.com/2022/06/03/jobs-report-economy-labor-may/) in May and an unemployment rate of just 3.6%, a “cost of living crisis (https://fortune.com/2022/04/22/inflation-coming-grocery-aisle-companies-rising-costs-earnings/),” stock market woes, and persistent recession predictions are wreaking havoc on Americans’ confidence in the economy.

More than 80% of Americans now believe the U.S. will fall into a recession in 2022, an April CNBC survey (https://www.cnbc.com/2022/04/05/most-americans-are-worried-about-a-recession-hitting-the-us-in-2022.html) found. And consumer sentiment, as measured by the University of Michigan’s Consumer Sentiment Index (http://www.sca.isr.umich.edu/), sank roughly 30% year over year last month, closing in on levels not seen since the Great Recession.

Most experts believe that Federal Reserve policy or macroeconomic woes like the war in Ukraine and sky-high inflation (https://fortune.com/videos/watch/Inflation-is-forcing-Americans-to-rework-their-budgets/fb56d19f-907f-4a29-98b1-8dfe04807cb1) will be the cause of any potential recession. But some economists argue that consumers’ bad mood and increasing lack of faith in the economy—which is sometimes unrelated to their own financial reality—could in and of itself affect economic growth or even trigger a recession.

Peter Atwater, an adjunct professor of economics at William & Mary, told Fortune that if consumer sentiment continues to fall, it could cause Americans to pull back on their spending, leading to a sort of self-fulfilling recessionary prophecy.

“I am in the school that believes that how we feel drives what we do. And so sentiment, to me, is an indicator of what we are likely to do ahead, economically,” he said…

[Gunny]

Did all you grumpy folks out there know that the recession we face is YOUR doing? Not the work of an incompetent and ignorant partisan running the country by taking polls of partisans more ignorant than he. Not the work of his party setting him on a course to destroy the engine of America’s prosperity for over a century. It is YOUR fault, grumpy.

Fortune went out and dug up and adjunct prof., that’s right AN ADJUNCT, to make this idiot claim. I guarantee you this moron has a “Ridin’ With Biden” sticker on his bicycle.

https://fortune.com/2022/06/04/what-causes-a-recession-consumer-confidence-sentiment-inflation/I was just as grumpy when our economy wasn't tanking :drillsarge:

This idiot is just a tool. Looked at the MSM lately? Anyone that has and ISN'T depressed putting forth extra effort to not be so. The "doom n gloom" is all coming from the left. They aren't getting their way and pissing all over everything, with the MSM leading the charge as to what they should think. The MSM is down to just in-our-faces lying about everything, and predicting the end of democracy at every turn.

Biden and his parrots are completely out of touch with reality and the people, and don't care. He's said as much more than twice. It's Russia's fault and we're going to suck his transition up as long as it takes. Should be an eye-opener to anyone that thinks we aren't slaves to the US Government. At least Putin's being honest about killing his own people and just doing it. Biden is starving us out. We are all just supposed to watch the Jan 6th circus and eat our Ramen noodles and STFU :rolleyes:

He's doing irreparable damage, and Republicans taking Congress isn't going to fix it. Yet, this assclown wants to blame our attitudes, just like Biden tries to blame everyone and thing but himself.

Screw them. I'm not depressed. I'm PISSED THE F- OFF. I'm doing all the homework to move to another country if the World's economy ever settles down. Screw this place.

[Tyr-Ziu Saxnot]

I was just as grumpy when our economy wasn't tanking :drillsarge:

This idiot is just a tool. Looked at the MSM lately? Anyone that has and ISN'T depressed putting forth extra effort to not be so. The "doom n gloom" is all coming from the left. They aren't getting their way and pissing all over everything, with the MSM leading the charge as to what they should think. The MSM is down to just in-our-faces lying about everything, and predicting the end of democracy at every turn.

Biden and his parrots are completely out of touch with reality and the people, and don't care. He's said as much more than twice. It's Russia's fault and we're going to suck his transition up as long as it takes. Should be an eye-opener to anyone that thinks we aren't slaves to the US Government. At least Putin's being honest about killing his own people and just doing it. Biden is starving us out. We are all just supposed to watch the Jan 6th circus and eat our Ramen noodles and STFU :rolleyes:

He's doing irreparable damage, and Republicans taking Congress isn't going to fix it. Yet, this assclown wants to blame our attitudes, just like Biden tries to blame everyone and thing but himself.

Screw them. I'm not depressed. I'm PISSED THE F- OFF. I'm doing all the homework to move to another country if the World's economy ever settles down. Screw this place.

The trained senile old seal just reads whatever dem/lib/leftist bullshat that he is told to read.
All given to the idiot by Pelosi, Schummer and the scum obama under the command of the globalist point man, the ffing scum SOROS, imho.
Seems to me that we could use Zeus and a few well targeted lightning bolts thrown onto the ffing crew about right now.
Such justice is so very long overdue , imho..--- :saluting2:-Tyr

[BoogyMan]

This garbage pisses me off to the point of affecting my health. I see people every day who were starting to do OK prior to the disastrous Biden presidency who are now unable to even afford basic life needs and it is breaking me inside. I want to help but there are so many who are now struggling in north TX that all I can really do is give my time to help others because I am heading toward retirement and need to take care of myself and my wife. The elitism the media and the filth in DC express on a daily basis speaks volumes about how much they absolutely despise the American people.

[Tyr-Ziu Saxnot]

This garbage pisses me off to the point of affecting my health. I see people every day who were starting to do OK prior to the disastrous Biden presidency who are now unable to even afford basic life needs and it is breaking me inside. I want to help but there are so many who are now struggling in north TX that all I can really do is give my time to help others because I am heading toward retirement and need to take care of myself and my wife. The elitism the media and the filth in DC express on a daily basis speaks volumes about how much they absolutely despise the American people.

The dem elitists/politicians are now the-"let them eat cake crew"
The French Revolution solved that fiasco.
Scum are so out of touch with reality as to be totally dangerous to the welfare of this nation and its citizens, imho..--:saluting2:--Tyr