I'm sure readers have noticed the sudden drumbeat of "Economic recession! We're doomed!" headlines and articles all over the country. They were so simultaneous and so contrived that it was obvious they were being coordinated by a single source. The Gormogons laid it out neatly.
If only there were a way to defeat Trump’s economic record. Early attempts to dismiss it as a Potemkin boon only benefiting the ultra-wealthy—you saw this in the Democrat debates—didn’t jive with the fatter paychecks lower class and lower middle class folks were finally depositing in parched bank accounts. Time for the Ultimate Weapon: in order to win the election, the Democrats would need to destroy the economy.
So, in late July, orders were issued from the DNC to start creating panic and fear in the voter’s hearts. Recession is coming! It’s almost here, the message went like some Game of Thrones fantasy (which is how an increasing number of voters understand politics). Within hours, the headlines appears on all the major outlets.
Just Google “economy beat trump recession,” and behold the hundreds of news articles warning voters that a recession is certainly coming, all written in the last two weeks.
. . .
... here’s a simple test to see if the media are driving the recession or if the recession is what economists would call a… well, a recession:
(a) Do you understand the reason for the recession?
(b) If not, it’s media-faked.
. . .
If you can’t explain what’s causing a current recession, the media can’t, either. They’re making it up.
Tanking the economy is pretty easy if you control the message.
. . .
It’s all about Fear, Uncertainty, and Doubt. There’s no actual trigger for these recessions—the real ones, like 2007, last for years. These smaller ones are intended to hurt the majority of American just long enough to switch to a Democratic vote. And that’s plenty easy.
There's more at the link.
I'd say that's about right. The fundamentals of America's Main Street economy are pretty good right now. The Wall Street economy - big money, investors, the moneyed class - isn't doing as well; but then, they don't care about the Main Street economy unless they control it and are making money out of it. They're also not Trump supporters, for the most part. They're on board with taking down the Main Street economy, and using the crisis to take over as much of it as they can get their hands on.
It's pretty transparent. One hopes, for the sake of this country, that it fails.
Peter
First and foremost, we do not have a "press" in America at this time. We have a propaganda agency for the democratic party along with internet social sites that are motivated by profit and global socialism where they run the world. I can find precious little accurate and unbiased news anywhere these days. What honest reporting you do find is suppressed or ridiculed and otherwise pushed aside by the larger cabal of activists in that medium.
ReplyDeleteThat being said, it is impossible to discern the state of the economy via any source not based in a factual assessment. Additionally, a person's evaluation of the economy is usually based on how they are doing personally and how the community they reside in seems to be fairing. This 'community' that people refer to is the extended family and friends as well as their industry and their local community. It is rare that someone's view of the economy reaches beyond that.
For those who do expand their horizons to a broader view they can determine the strength or weakness of the national economy by several factors that can be gathered without the input of the national propaganda machine of the left. Interest rates, availability of money, employment and business opportunities as well as stability in the prices of typical commodities are good general indicators. As far as the investment markets go, most people out in society do not play in that sandbox and generally are not affected immediately by any drops or rises that may occur in the short term. Long term trends are more important to keep an eye on.
I must remind that we do not have any accurate or objective news or any form of honesty in the media we receive so you cannot give any credibility to anything that comes from the likes of CNN MSNBC and a host of others.
Is there not a crisis for American corn and soybean farming? China has picked up new suppliers from Brazil and elsewhere. What possible incentive will the Chinese have to resume that trade? I'm sure those countries are offering the Chinese the same near-ruinous rates our farmers had, just to get those markets. I'd be pleased if a large wave of farmers aren't wiped out, but those soybeans are rotting in silos--at least the ones not inundated by flooding. Federally secured loans aren't a solution.
ReplyDeleteJourno-List is alive and well.
ReplyDeleteAntibubba - Farming is a rounding error in the GDP, and a tiny blip on the export market (around 3%) - and only a small fraction of that went to China. The loss of China as a market for food is maybe two day's worth of the national debt.
Food is a global market, and sales to China by Brazil, will mean other customers won’t buy from Brazil. There just is not that much of a surplus.
ReplyDeleteRay,
ReplyDeleteif the Sun experts are correct about the expected downturn in solar output, surpluses will disappear shortly. (Africa is expected to starve, since they are in the final stages of tossing their productive farmers, and NO ONE will have surpluses to sell to them)
Farmers should avoid getting locked into any long term contracts at current prices, I think.
Stocks, employment, and inflation are trailing indicators. If you want to know where things are headed, look at bonds, internal freight, and utilities. Bond markets do a better job of looking ahead than stock markets. Internal freight and utilities are hard numbers on what consumption is doing inside the country; employment and inflation numbers get ... massaged.
ReplyDeleteWe do have a business-led recession coming; in particular, year on year freight has been negative since December of last year. No coincidence that the bond market has been signalling danger since December as well. We have a much bigger service sector and much smaller manufacturing sector than we did 30 years ago, which means the onset is very slow. 2020 won't need Democrat talking points to be a bad year.