RE:RE:RE:Bad news for the bears...
flamingogold wrote: TJ, you've been putting up historical stats forewarning of an impending recession for the last 2 years. You will be eventually right though, but no one can time a market. Anyone on the sidelines waiting for a reccessionary type selloff has missed incredible gains. With more to come. I won't be surprised if that first cut is a sell moment maybe even 10% down. But, the dip will be bought.... again. No recession in 2024 or a year out.
Torontojay wrote:
Not so fast.
Recessions usually happen after they cut interest rates.
They cut in September 2007 and the recession started in December 2007.
They cut in January 2001 and the recession started in March of 2001.
They are halfway there but they still need to land the plane on its way down. Most of the time it's a hard landing.
I disagree with this.
Canada is already in a recession. The US is next after they begin cutting rates. Wait for more revisions to come in which we are beginning to see that the economy is not as strong as once thought. Almost 1 million fake jobs announced by the BLS and much more revisions expected to come on gdp.
The unemployment numbers don't lie.