I'm no economer, but...

"MrSnrub" (sv100) 08/14/2019 at 17:35 • Filed to: None

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Th ings are looking ominous. Hopefully it won’t be as bad as 2008 . On the other hand, maybe we’ll get some new cheap small cars out of it? And, more importantly, if it hits before next fall it could torpedo Trump’s re-election chances. Silver linings...

farscythe - makin da cawfee! > MrSnrub 08/14/2019 at 17:47

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i wonder how recession proof fancy pants coffee machines are

my job depends on rich people needing coffee.....from fancy machines

(and gubment contracts i guess...but those dont count...as people could be starving in the streets and the gubment would still think 4 grand for a coffee machine is a good price...well take 1500)

Just Jeepin' > MrSnrub 08/14/2019 at 17:48

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When is the last time Trump took any responsibility for anything that went wrong, or that his voters held him accountable?

Although a few evangelicals are upset that he likes to curse. Not that he’s a vile man spreading hatred towards anything that displeases him, no, that’s fine with these Christians.

shop-teacher > farscythe - makin da cawfee! 08/14/2019 at 17:52

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Sometimes the very high end stuff does better than middle of the road stuff during r ecessions. The really rich people will still have plenty of money.

farscythe - makin da cawfee! > shop-teacher 08/14/2019 at 17:54

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heres to hoping... job hunting in a recession is the suck

ttyymmnn > MrSnrub 08/14/2019 at 17:56

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We could have the next Great Depression and Drumpf’s supporters will shrug and say it’s Obama’s fault.

shop-teacher > Just Jeepin' 08/14/2019 at 17:58

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People vote with their wallet more than anything. If the economy goes to hell before the election, he's very likely done.

Just Jeepin' > shop-teacher 08/14/2019 at 18:04

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“The treasonous Democrats hate our country and refused to work with me and you’re paying the price” is, sadly, the theme of the next election if a recession occurs. 

facw > shop-teacher 08/14/2019 at 18:08

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Yep, he can pass the buck all he wants, but even if if it were somehow the Democrat’s fault, voters don’t pay that much attention. The president is always going to get disproportionate shares of both credit and blame, so if things are bad, he’s toast (I would like him to be toast without things being bad).

facw > farscythe - makin da cawfee! 08/14/2019 at 18:09

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How do they handle expats? Would they force you back to Brexitland?

Decay buys too many beaters > MrSnrub 08/14/2019 at 18:10

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Not to be selfish, but maybe I’ll be able to afford an air cooled P orsche if that market follows the general trend. 

fintail > Just Jeepin' 08/14/2019 at 18:11

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He’s pretty much the embodiment of the seven deadly sins, yet those “Christians” still embrace him.

Derangement, indeed.

nermal > MrSnrub 08/14/2019 at 18:12

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1) Buy the dips! 2) Think long term and big picture.

Trump needs the economy to be strong to get re-elected. The analyst fears are significantly driven by the trade war with China. Watch the market dip a smidgen now, then interest rates will get lowered one or two more times. Then Trump can button up a yuuuuuge trade deal with China in the first half of 2020, causing the market to rebound & spending and hiring to go nuts.

Most regular jagoffs will be right in the midst of getting a new job, buying a new pickup with a 96 month loan and maxing out their credit cards buying useless crap right around election season next year. Trump will take credit for this, and scoot to an easy landslide victory over whatever old fart the Ds nominate to run against him.

MrSnrub > Just Jeepin' 08/14/2019 at 18:15

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I think the only people who would buy that narrative are the people who are going to  vote for him regardless.

fintail > MrSnrub 08/14/2019 at 18:15

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We’re overdue, and the overheated housing market in many areas doesn’t bode well, either.  That one omnivorous industry seems to have its claws in everything.

A supposedly healthy economy didn’t help the Ds in 2016, hard to tell. A weak economy  did hinder the Rs in 92 and 08, but believing in trickle down lies/TEM syndrome is even bigger now than then.  And of course, many will vote against their own best interests just to stick it to someone else.

farscythe - makin da cawfee! > facw 08/14/2019 at 18:15

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me no... the missus maybe

i have permanent residency

MrSnrub > nermal 08/14/2019 at 18:16

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lol

boredalways > MrSnrub 08/14/2019 at 18:29

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Conspiracy theory: I’ve always thought Steve Mnuchin would angle for something like this

Just Jeepin' > MrSnrub 08/14/2019 at 18:33

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I think if people were oblivious enough to buy his con in 2016, they’re probably going to fall for it again.

He made it abundantly clear in the campaign exactly who he was and they voted for him anyway.

Dr. Zoidberg - RIP Oppo > shop-teacher 08/14/2019 at 18:36

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I mean, we did re-elect Bush and the economy was not impressing and falling back in ‘04.

Dr. Zoidberg - RIP Oppo > boredalways 08/14/2019 at 18:38

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Pitt is starting to look like this guy:

MrSnrub > boredalways 08/14/2019 at 18:38

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Meh, as far as conspiracies go I’m more interested in the Epstein thing right now . Of course, Mnuchin is probably in on that too because basically everyone else is already

MrSnrub > Just Jeepin' 08/14/2019 at 18:43

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My belief/hope is that he’s bled some support since 2016, mainly among the extremely credulous people who somehow thought he would behave differently while in office. Considering how razor-thin his victory was, it wouldn’t take much to sink him in 2020.

Of course if the Democrats could get out of their own way and field a decent candidate who can get at least Obama 2012 levels of turnout, it wouldn’t matter.

merged-5876237249235911857-hrw8uc > MrSnrub 08/14/2019 at 18:59

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“ Never underestimate the predictablity of stupidity” 

CarsofFortLangley - Oppo Forever > MrSnrub 08/14/2019 at 19:10

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Hopefully it is as bad as 2008. Papa needs a house!

shop-teacher > Just Jeepin' 08/14/2019 at 19:15

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That will certainly be his  narrative, but history has shown it’s damn near impossible for a president to get a 2nd term, when the economy is bad. Trump isn’t special, he just thinks he is.

shop-teacher > Dr. Zoidberg - RIP Oppo 08/14/2019 at 19:20

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The building boom was still in full swing in ‘04, tons of people were riding high. If that election had been in ‘06, it may have been a different story, but it wasn’t until ‘07 /’08 that things really went t its up.

We didn't reelect Busch Sr, because we were in full on recession.

Just Jeepin' > shop-teacher 08/14/2019 at 19:22

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I hope you’re right. I’m just not convinced U.S.   history has much to say about this situation. We’ve never had a president willing to be so blatantly divisive with a major news network acting as his bullhorn.

shop-teacher > Just Jeepin' 08/14/2019 at 19:25

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None of this is as new as we like to think it is. It used to happen in print, now it’s just on TV. We’ve had some pretty horren dous presidents in the past.

Thomas Donohue > Decay buys too many beaters 08/14/2019 at 19:49

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I was just thinking the same thing...if the market doesn’t recover in the next two days, I wonder how the Monterey Auctions will be affected.

It will still take a long time (and bad economy) to bring things back down to earth.

WilliamsSW > shop-teacher 08/14/2019 at 19:50

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The President and Congress don’t have anywhere as much of an impact on the economy as people think, yet we generally elect them based on the economy anyways. It’s a great system. 

boredalways > MrSnrub 08/14/2019 at 20:08

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That, too!

Dr. Zoidberg - RIP Oppo > MrSnrub 08/14/2019 at 20:23

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And his competition isn’t particular impressive at this point, either. Apathy on side, fanaticism on the other = slam dunk 2020.

shop-teacher > WilliamsSW 08/14/2019 at 21:24

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Yeah, I know. I t’s crazy ... But we’re crazy ... So ....

MrSnrub > Dr. Zoidberg - RIP Oppo 08/14/2019 at 21:32

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Incumbent presidents are usually at an advantage, but Trump is unusually weak for an incumbent: he won by a very thin margin and hasn’t tried to expand his base of support, while he has energized the Democratic base with his behavior. Then again, the DNC is where enthusiasm goes to die, so...we’ll see. If the recession hits before the election he’s got less than even odds, in my opinion

DipodomysDeserti > CarsofFortLangley - Oppo Forever 08/14/2019 at 22:33

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I bought my house in ‘09 thanks to Bush & Co. wrecking the economy and Obama giving me $10k. What a time to get out of school.

gmporschenut also a fan of hondas > Decay buys too many beaters 08/14/2019 at 22:44

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I think the general market has cooled. turbo 930s and the common 356 models and the modern gt3s are settling back to normal after skyrocketing to absurd prices .

gmporschenut also a fan of hondas > Decay buys too many beaters 08/14/2019 at 23:03

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Not to douse your hopes. but I ahould add, don’t expect 20k 911s, like in the late 90s early 2000s. Inflation got rid of that pricepoint.    

Decay buys too many beaters > gmporschenut also a fan of hondas 08/14/2019 at 23:34

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I want  $20k 911scs again. That’s what the driving experience is worth to me