Phrase of the Year 2019

[BillyStubbsTears]

Inverted Yield Curve.

Watch for it getting bigger and bigger next year.

And then pray that it's wrong.

[big fat yorkshire pudding]

Different theories on it but the connotation can't be coincidence as some believe.

[RobTheRover]

Can I put forward the suggestion ".. And Doncaster Rovers are promoted to the championship!" as an alternative?

[drfc1951]

I like the sound of that.

[BillyStubbsTears]

Buckle up folks. It's coming.

https://mobile.twitter.com/paulkrugman/status/1110164101873971200

Quite scary times ahead by the look of it. Basically, the Market is saying that they think central banks will be cutting interest rates in the near future. Central banks do that when the economy is tanking. They make it cheaper for companies to borrow to invest and they make saving less attractive so folk spend more and get the economy rolling.

That's been the standard approach to mitigating recessions since the War. And generally it works well.

Trouble is, interest rates are already very low. Precisely because we didn't have a good recovery from the Great Recession. So central banks have lost their magic bullet that blunts the worst of a recession.

And...the markets are saying that the next recession is coming over the hill.

Big problems ahead. This could be brutal unless Governments come to their senses and realise that THIS time, they have to borrow and spend massively to make the difference. Anyone who talks about the deficit or bigs up Govt tightening its belt is a threat to Western capitalism.

[BillyStubbsTears]

And here it is. It's arrived.

https://markets.businessinsider.com/news/stocks/stock-market-today-yield-curve-inversion-triggers-recession-fears-2019-8-1028446749

Last 7 times this has happened, there's been a recession within 12-18 months.

[BillyStubbsTears]

On the topic of the approaching recession, I've been saying for 4 years that the self-professed Marxist, John McDonnell, understood how capitalist economies work far better than his opposite numbers in the Tory party.

Looks like the Financial Times has finally cottoned onto this. What they say the economy needs here is precisely what McDonnell has been saying all along.

https://mobile.twitter.com/le_bassett/status/1162334497783894018

[GazLaz]

You knew BST. On Friday I sold all the shares I had and moved my pension away from a stock market linked fund. I will reassess in 6-12 months. The possible down side far outweighs the potential upside as far as I can see. Time to just take a breath.

[jackthelad]

Phrase of the year... It is what it is.

Love Island loyals will understand.

[Nudga]

I've already had the worst 12  months of being self employed.
For the first time in a long time I've got 8 weeks of advanced work.
I'm hoping what you're saying doesn't have an effect on people choosing not to spend money on home improvements.

[RobTheRover]

Well, phrase of the past month has been "turbocharged"

[RedJ]

I've already had the worst 12  months of being self employed.
For the first time in a long time I've got 8 weeks of advanced work.
I'm hoping what you're saying doesn't have an effect on people choosing not to spend money on home improvements.

Unfortunately the construction (and similar) industries always seem to be the first to be hit.

[Donnywolf]

Well, phrase of the past month has been "turbocharged"

Mine has been f*** b****t Im not interested any more