My Economic Prediction for 2024

3,456 Views | 40 Replies | Last: 2 yr ago by WestTexAg12
DallasAg 94
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It Aint Easy Being Brown
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Interest rates won't drop until after the economy collapses
Stat Monitor Repairman
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Global economy will collapse due to cascading failures in the banking, finance and insurance markets.

Will be in the doldrums for months or maybe years until a new competing system based on CBDC / BRICS materializes from the ashes.

Everything we know about established economic systems may be irrelevant in the economy of the new world order.

Great reset / 4th turning people are right.

Things look normal on the surface but behind the scenes there is an impending sense of doom.

You can see flashes of this looking at big money, most recently with Gates and Buffett giving $30 billion to the Gates foundation on his death.

We along for the ride ... and its gonna be a wild ride.
The Kraken
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Quote:

By February 2024, rates are going to be very low, if not 0.


Can I have what you're smoking?
plus ça change, plus c'est la même chose
Stat Monitor Repairman
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Quote:

We'll all suffer outside DC.
DC bout to be District 1 from the Hunger Games.
Hoyt Ag
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The Kraken said:

Quote:

By February 2024, rates are going to be very low, if not 0.


Can I have what you're smoking?
No kidding.
Manhattan
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JPow dgaf. As said earlier, rates aren't going down until the economy is ****ed.

IslanderAg04
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We'll be lucky to see interest rates drop 1 % in the next 10 years..
Sq 17
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The Kraken said:

Quote:

By February 2024, rates are going to be very low, if not 0.


Can I have what you're smoking?


Very unlikely the fair does anything next year
Fed tightening in 92 was part of the reason Bush lost to Clinton
Since then, it has decided to try and take no action during presidential election cycles

I think Putin dies of a "natural causes" and that's a net positive for most of the economy, except a Oil gas sector
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It Aint Easy Being Brown
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Manhattan said:

JPow dgaf. As said earlier, rates aren't going down until the economy is ****ed.




Economy is already ****ed

Thanks to the people you vote for
Manhattan
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By no measurable statistic or anecdote is it ****ed, besides inflation, look at the M1 and M2 monetary supply chart for who started that.
Houstonag
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As many have stated the near term economy all the way into 2026 is not good. Even with a republican getting into the WH it will take years to unravel or even slow down the damage that has been caused by the democrats. On average everything from fast food, groceries, gas, clothing, health care, interest rates, on and on are up 40 to 50 %. It is permanent hit on our nation's economy thanks to the democrats.
HeyAbbott
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Interest rates aren't dropping OP anytime soon due to still high inflation and other poor economic indicators
BudFox7
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My prediction: you're wrong
Stat Monitor Repairman
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81+ million Americans love the direction the economy is headed and if given the opportunity they'll vote for it again.
JobSecurity
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there's a significantly higher chance that rates are over 7 in February than below 4
rocky the dog
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Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
Stat Monitor Repairman
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We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

President with full blown dementia .. great.

VP that cant string words together and cackles at everything ... great.

Unchecked flood of illegal immigration ... super.

Another Billion to Ukraine and full scale conventional war in Europe ... super.

Prices 50% higher than 3-years ago ... nice.

Shutting down oil production .. perfect.

Fentanyl seamlessly replaces opioid epidemic ... wow.

Bachlors degree is the new high school because covid kids cant read ... brilliant.

Over a Trillion in unsecured credit card debt .. nice

Student loan repayment starts again in 20 days ... super.

****birds pushing covid again ... outstanding

Lady that defunds police gets carjacked and ass kicked ... wow.

Enviornmental activists gluing themselves to the street creating cahos ... super.

The point is that we on the precipice of a complete economic and societal collapse.
Manhattan
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Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

Shutting down oil production .. perfect.

.


There were only three months ever in the US with more oil production than June 2023…
The Kraken
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Quote:

The point is that we on the precipice of a complete economic and societal collapse.
No we aren't, stop being dramatic.
plus ça change, plus c'est la même chose
APHIS AG
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DallasAg 94 said:

You are going to start seeing the Fed backing off Interest Rates.

By February 2024, rates are going to be very low, if not 0.

You will start to see a flood of activity and growth being reported.

The Labor Dept will project tens-of-millions of jobs being created.

The Unemployment #s will be reported as 0.

The MSM will declare BidenOmics a success and we will be overwhelmed with great Economic news until the Election is over.

After the Nov elections...
GDP #s will unexpectedly be revised down.
Job creation #s will unexpectedly be revised down.
Unemployment #s will unexpectedly be revised up.
Inflation will unexpectedly be revised up.

ALL of the negative news will be blamed on Republicans and Republicans will be continually beaten with the stick of destroying Biden's wonderful economy.

We'll all suffer outside DC.
The problem with that what the propaganda MSM reports and what the consumers pay outright will be two different stories.

Even though some will believe the "big lie".
TRADUCTOR
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Economy will be humming for Democrat swine's best chance to reelect FJB.
BoydCrowder13
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You can disagree but the markets are pricing in rates peaking this winter and dropping slowly to 4% by next Dec. 3.5% by Dec 2025.
aggiebq03+
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Manhattan said:

Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

Shutting down oil production .. perfect.

.


There were only three months ever in the US with more oil production than June 2023…

Would that be on the lands controlled by federal permits, or the ones owned by private interests?
Aggie Spirit
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"You are going to start seeing the Fed backing off Interest Rates."
You do understand that the Fed has direct control over ONE interest rate? Yes, the Fed will back off the Fed Funds rate, someday. This is like predicting rain. It will happen....someday.

"By February 2024, rates are going to be very low, if not 0."
Nope. If you believe this, are willing to put your money where your mouth is and are correct, you'll profit handsomely - but I think at least two of those things, perhaps three are not true or going to be true.

"You will start to see a flood of activity and growth being reported."
Meaning?

"The Labor Dept will project tens-of-millions of jobs being created."
So employment will be strong but rates will crash?

"The Unemployment #s will be reported as 0."
Nope.

"The MSM will declare BidenOmics a success and we will be overwhelmed with great Economic news until the Election is over."
Bankable. No matter what the corrupt senile buffoon does, the MSM has his back.

After the Nov elections...
"GDP #s will unexpectedly be revised down."
Past numbers or forecasted? By whom?
"Job creation #s will unexpectedly be revised down."
Same questions.
"Unemployment #s will unexpectedly be revised up."
Same questions.
"Inflation will unexpectedly be revised up.'
Same questions.

"ALL of the negative news will be blamed on Republicans and Republicans will be continually beaten with the stick of destroying Biden's wonderful economy."
This is the way.

"We'll all suffer outside DC."
Nope. Frustration will abound. Suffering is largely optional.
Sq 17
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Manhattan said:

Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

Shutting down oil production .. perfect.

.


There were only three months ever in the US with more oil production than June 2023…
For those guys with short memory the spot price if oil went negative in spring of '20 proving that it is possible to have to much oil. That event probably did more damage to oil and gas sector than all of the Biden Regulations
Actual Talking Thermos
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Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

President with full blown dementia .. great.

VP that cant string words together and cackles at everything ... great.

Unchecked flood of illegal immigration ... super.

Another Billion to Ukraine and full scale conventional war in Europe ... super.

Prices 50% higher than 3-years ago ... nice.

Shutting down oil production .. perfect.

Fentanyl seamlessly replaces opioid epidemic ... wow.

Bachlors degree is the new high school because covid kids cant read ... brilliant.

Over a Trillion in unsecured credit card debt .. nice

Student loan repayment starts again in 20 days ... super.

****birds pushing covid again ... outstanding

Lady that defunds police gets carjacked and ass kicked ... wow.

Enviornmental activists gluing themselves to the street creating cahos ... super.

The point is that we on the precipice of a complete economic and societal collapse.
Turn off all your news sources and go outside
Monywolf
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DallasAg 94 said:

You are going to start seeing the Fed backing off Interest Rates.

By February 2024, rates are going to be very low, if not 0.

You will start to see a flood of activity and growth being reported.

The Labor Dept will project tens-of-millions of jobs being created.

The Unemployment #s will be reported as 0.

The MSM will declare BidenOmics a success and we will be overwhelmed with great Economic news until the Election is over.

After the Nov elections...
GDP #s will unexpectedly be revised down.
Job creation #s will unexpectedly be revised down.
Unemployment #s will unexpectedly be revised up.
Inflation will unexpectedly be revised up.

ALL of the negative news will be blamed on Republicans and Republicans will be continually beaten with the stick of destroying Biden's wonderful economy.

We'll all suffer outside DC.
Rates at zero by February? LOL They won't even begin to cut until June, and this is after a raise in November.

Helicopter Ben
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Manhattan said:

By no measurable statistic or anecdote is it ****ed, besides inflation, look at the M1 and M2 monetary supply chart for who started that.

If manhattan says it isn't ****ed, you can be certain it's ****ed. Dude is incredible with how wrong he is about damn near everything.
Manhattan
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Helicopter Ben said:

Manhattan said:

By no measurable statistic or anecdote is it ****ed, besides inflation, look at the M1 and M2 monetary supply chart for who started that.

If manhattan says it isn't ****ed, you can be certain it's ****ed. Dude is incredible with how wrong he is about damn near everything.


I'm still waiting for anyone to provided a single statistic or anecdote about how the economy is ****ed, besides the inflation caused by Trump's mishandling of the pandemic.

The fed had been hiking rates for 17 months and still can't cause a recession.
Stat Monitor Repairman
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Actual Talking Thermos said:

Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

President with full blown dementia .. great.

VP that cant string words together and cackles at everything ... great.

Unchecked flood of illegal immigration ... super.

Another Billion to Ukraine and full scale conventional war in Europe ... super.

Prices 50% higher than 3-years ago ... nice.

Shutting down oil production .. perfect.

Fentanyl seamlessly replaces opioid epidemic ... wow.

Bachlors degree is the new high school because covid kids cant read ... brilliant.

Over a Trillion in unsecured credit card debt .. nice

Student loan repayment starts again in 20 days ... super.

****birds pushing covid again ... outstanding

Lady that defunds police gets carjacked and ass kicked ... wow.

Enviornmental activists gluing themselves to the street creating cahos ... super.

The point is that we on the precipice of a complete economic and societal collapse.
Turn off all your news sources and go outside
So you saying turn off F16?
LarryElder
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Manhattan said:

Helicopter Ben said:

Manhattan said:

By no measurable statistic or anecdote is it ****ed, besides inflation, look at the M1 and M2 monetary supply chart for who started that.

If manhattan says it isn't ****ed, you can be certain it's ****ed. Dude is incredible with how wrong he is about damn near everything.


I'm still waiting for anyone to provided a single statistic or anecdote about how the economy is ****ed, besides the inflation caused by Trump's mishandling of the pandemic.

The fed had been hiking rates for 17 months and still can't cause a recession.
exactly how did Trump mishandle the pandemic???
LarryElder
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Actual Talking Thermos said:

Stat Monitor Repairman said:

We been sitting through a 7-year long episode of Black Mirror.

What we've seen is so outrageous that people lost touch with reality.

President with full blown dementia .. great.

VP that cant string words together and cackles at everything ... great.

Unchecked flood of illegal immigration ... super.

Another Billion to Ukraine and full scale conventional war in Europe ... super.

Prices 50% higher than 3-years ago ... nice.

Shutting down oil production .. perfect.

Fentanyl seamlessly replaces opioid epidemic ... wow.

Bachlors degree is the new high school because covid kids cant read ... brilliant.

Over a Trillion in unsecured credit card debt .. nice

Student loan repayment starts again in 20 days ... super.

****birds pushing covid again ... outstanding

Lady that defunds police gets carjacked and ass kicked ... wow.

Enviornmental activists gluing themselves to the street creating cahos ... super.

The point is that we on the precipice of a complete economic and societal collapse.
Turn off all your news sources and go outside
you only say this because a dem in the white house, if it was a Republican you would be mashing away how awful said president is, hth.
Manhattan
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See earlier M1 supply graph.
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