One well-known independent economist thinks it will happen even sooner—he’s looking for a global recession to start in 2019. A. Gary Shilling, president of his eponymous consulting firm, made two of the best contrarian calls of recent decades: he saw the mega-bull market in bonds at its very outset in 1981, and in the years before the 2008 financial crisis and Great Recession, warned repeatedly that the housing bubble would turn into a bust and would take the whole economy down with it.
Now he says it’s once again time to batten down the hatches. Although he concedes that financial excesses aren’t what they were a decade ago and that the Federal Reserve is not raising rates willy-nilly—the two principal causes of recessions since World War II—he thinks the global economy will die a “death by a thousand cuts” in 2019.
Contrarian who called 2008 housing crash expects a recession this year
being proven correct is meaningless to cons
this guy CORRECTLY predicted the big recession
While the republican party and their butt hole boys in the financial industry denied one was coming
The right hates people who are proven correct
It makes it harder and harder to lie to the people
evince (01-23-2019)
Voluntary regulation doesn't work, SEC's Cox says
By Rex Nutting
Published: Oct 23, 2008 10:32 a.m. ET
WASHINGTON (MarketWatch) -- Financial regulators made "fateful mistakes" that helped drive the global financial system to the brink, said Chris Cox, chairman of the Securities and Exchange Commission, in congressional testimony Thursday. Cox said he and other regulators have learned many lessons, chiefly that "voluntary regulation does not work." Cox urged Congress to fill "regulatory gaps" that are still putting the economy at risk. "The lessons of the credit crisis all point to the need for strong and effective regulation, but without major holes or gaps." Cox said Congress should appoint a select committee to address the challenges of regulation on a comprehensive basis.
Chris Cox, chairman of the Securities and Exchange Commission
Replies: 39
Views: 134
to this thread
everyone is reading it and the right here is terrified of it
Like very other time for a decade that I post these cold hard undeniable facts.
The republican party CREATES economic messes t push all the wealth further and further into FEWER hands folks
I have a massive amount of FACTS left to prove these things
The republican party is evil and owned by the wealthy
then Russia stepped in with cash to try and be the TOP buyer
Did you now the Koch brothers daddy made the wealth he left them IN RUSSIA
In 1929, Koch's partner Lewis Winkler's former employer, Universal Oil Products (now UOP LLC), sued Winkler-Koch for patent infringement. Also that year, nearly three years before the patent case went to trial, Winkler-Koch signed contracts to build petroleum distillation plants in the Soviet Union, which did not recognize intellectual property rights.[12]
https://en.wikipedia.org/wiki/Fred_C._Koch
He doesnt care
what he doing is the Russians dictator bids him to do
the republican party is soaked in Russian money
they WANT this nation to be all tore to shreads
How many times are the American people going to sit back and watch the republican party crash the entire worlds economy to benefit the wealthy?
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