Monday, June 11, 2018
Recession coming in 2019, or not
It's recession watch time!
Jason Smith - JOLTS data and the 2019 recession. His model suggests that a recession is coming in 2019. Of course, you don't have to believe him, he's an econophysicist.
New Deal Demoncrat - I take issue with the JOLTS data indicating a 2019 recession. YoY hires haven't turned down yet, so no recession.
Jason Smith, Later That Same Day - Oh yeah? Well, so's your mom. Actually, more of a discussion on possible problems with his model.
Far as I'm concerned, the death of the neoliberal world order due to Trumpian stupidity should be able to trigger a recession all on its own, and then there's that whole Italian banking crisis in the making thing.
As for Trumpism, by the way:
New Deal Demoncrat - about the last time a narcissistic moron emperor destroyed the world. Important to note is that Kaiser Wilhelm single-handedly managed to destroy 30 years of empire-building under Otto von Bismarck. Then there was the whole two world wars and extermination of the Jews thing.
Speaking of which, some of Trump's (and Putin's) biggest supporters also seem to hate Jews quite a bit.
I think it's because Jews are great comedians, and right-wing fruitcakes hate comedy.